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

What is happening to oil price? Any idea?
Fallen from 100 to 94.7

ahoj - UPDATE 4-Oil falls as Spain finance worries resurface

LONDON, Sept 19 (Reuters) - Oil prices fell to a six-week low on Wednesday, as worries about the perilous state of Spain's finances returned to the fore, snuffing out gains after Japan's central bank became the latest to further open its monetary taps.

Thanks, But the affect is overstated. Oil fallen 6% in two days.

I think they want to put pressure on Iran.

"U.S. housing starts rose less than expected in August as groundbreaking on multifamily home projects fell, but the trend continued to point to a turnaround in the housing market. The reports come as investors look for improving economic data to help bolster a 7 percent rally since early August that was largely driven by action from central banks."

Clearly the housing data wasn't quite convincing enough!

I think the Existing Home Sales due @3pm carries more weight.

Ah right - I'll look out for that thanks!

USD Existing Home Sales 4.82M consensus 4.57M previous 4.47M

Great - thanks Skinny!

I think it is OK. What do you think?

Sure is :)
Had a nice couple of longs running. Just keeping one open now, having taken profits on the others - I only deal in the 'Mini' contracts; daren't risk the others

.

I'm out for now - it's just hovering about.

Next impetus should be when, eventually, Spain formally request their bailout.

German Flash Manufacturing PMI 47.3 consensus 45.4 previous 44.7

German Flash Services PMI 50.6 consensus 48.5 previous 48.3

The main bad news is overnight from China.

Reuters:
"European equities fell early on Thursday as weak Chinese manufacturing data reignited global growth concerns, hitting miners, while euro zone banks continued to trim recent gains on uncertainty about if and when Spain would apply for a bailout."

quite glad to see a correction as it has been hovering in the wings for a while ..... though it's superficially quite painful, the markets remain firmly in an up-trend

Add in a bit of - Japan exports and imports fall raising growth concerns

Japan's exports and imports dipped in August, raising fears about the impact of a global slowdown on its economy.

Exports fell 5.8% from a year earlier, hurt by slowing demand from the European Union (EU) and China.

Imports fell 5.4% from a year ago, indicating that domestic demand continues to remain weak.

The data comes amid fears that Japan's trade with China, its biggest trading partner, may be hurt by the continuing territorial dispute between them.

GBP Retail Sales m/m -0.2% consensus -0.3% previous 0.3%

Spanish 10-y Bond Auction 5.67%|2.8 previous 6.65%|2.4

Overnight Dow short as a hedge against long positions closed shortly after the open this morning, no need to do anything else today except add to Xel position