rather than pick out individual stocks to trade, it can often be worthwhile to trade the indices themselves, especially in times of high volatility.

for those so inclined, i attach below charts for FTSE and FTSE 250, though one might equally be tempted to trade Dow or S&P, which is significantly broader in its coverage, or even NASDAQ

for ease of reading, i have attached 1 year and 3 month charts in each instance

Well you have been patient cynic, well done. Rising oil price?

hardly; i took my initial short only a few days ago and have now added to it ...... i think the market looks toppy and certainly my chartist guru reckons it is time to short the dow too .... have also sold the balance of my aapl, though i am sure i shall buy back in there in due course; ditto goog

Perhaps patience was the wrong word then :O) Not sure I would have had the bottle to be short the Dow over the last weekend. Of course you are not there yet, but I do agree I think the indeces have to come down a bit to go higher hopefully.

Cynic - I posted the 13,000? as the DOW was looking above that level late Friday/Yesterday. Good luck with the short - it does all look very toppy.

cynic 13000 breached hope your shorts are not too hot!

.

dow teases at 13000 but so far is unable to breach and hold ..... i'm happy to stay short and indeed have increased that yet again

cynic exactly as we predicted in 7897 keep building the spaceships!

i don't see either of us being correct at the moment!
will the spaceship beat the flying shuttle or vice versa?

apart from bailout nonsense..every rising 10 cents on oil cost US $1bil/month more -oil gone up some $10 this month alone...and rally mode on?...

glad to see my short is now in the money; not hugely but better than a poke in the eye with a sharp stick!

dont worry i got more like baseball bat in the knees..

do i take you were long then? .... if so, you are assuredly not alone here, for i felt a bit like cassandra

nope, i'm still short ukx , waaaaay behind, but still short.

a poke in the eye with a short straw ok to me

Apple faces iPad legal action in China

A company called Shenzhen Proview is attempting to stop Apple selling iPads in China in a dispute over the right to use the tablet computer's name.

Proview claims ownership of the name iPad, accusing Apple of acting dishonestly when the US giant bought the rights to use the name in 2009. Apple says Proview has failed to honour the sale agreement.

Proview is asking a court in Shanghai to block sales of the iPad in China and has succeeded in winning cases against Apple elsewhere in the country.

Bryan Ma from IDC Asia Pacific told the BBC that a settlement between the two companies was the most likely outcome.

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Dell down -6.3% atm.

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Net profit for the quarter nearly halved from $2.6bn to $1.5bn.

Apple iPad sale ban case dismissed for now in Shanghai

Apple can for now continue to sell the iPad tablet in Shanghai after a court ruling over naming rights was suspended on Thursday.

Chinese firm Proview had called for the courts to prevent Apple - who it accuses of infringing its trademark - from selling the device in the city.