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

Position closed at 12774.5 +5.5pts.

12762 roughly has some support, 12829 roughly I believe to be initial resistance, so will try trading the range.

cluck, cluck, cluck! - lol!!

Pound a point? :-)

Yep and the rest... the DFT is a margin of 120 times stake with a low 4 points margin so more affordable than a longer dated future with no overnight fee.

USD Core Retail Sales m/m 0.0%% consensus 0.2% previous 1.1%

USD PPI m/m -0.2%% consensus 0.2% previous 1.1%

USD Retail Sales m/m -0.3% consensus -0.2% previous 1.1%

USD Core PPI m/m -0.2% consensus 0.1% previous 0.0%

Another 11.5 pts made, so in total 17pts made today. It's like watching paint dry, think I'll call it a day on the DOW.

USD Business Inventories m/m 0.7% consensus 0.5% previous 0.6%

you should have waited shortie ..... dow has suddenly dumped 50 for no clear reason

Yeah just seen it, don't fancy a long though as consider this to be support broken, see where it closes at now.

12540 July and end June lows look like the next test for the DOW if it doesn't pull back later tonight.

rather agree, and also to wait and see ...... so much volatility without any good reason

Just taken +20 from that bounce - but it looks to be weakening again.

It's all about the Fiscal Cliff - and Ireckon the weakness will continue until that is resolved, according to various reports I've been reading.

I did set up another short earlier but cashed it in much too soon!

LOL - thanks SKINNY :)))

Set up another short FTSE from 5740 - and really lucky cos it's just spiked up there to fill it!

The fiscal cliff is the immediate concern followed by the debt ceiling in Jan. If congress allows the cuts in the budget act to kick in it will halve the deficit but still leave more than $500 bil being added to US debt every year. With US debt currently at $16.4 trillion a debt ceiling stand off at the current rate will come by Jan.

http://rt8.it-finance.com/FinSpreadsFlash/showimage.phtml?id=49e743641e90ea4d91220020861fa318c4b97862d62472cd29978ed9cfdd45a5&type=png

Channel support, we'll see, expect it to be broken.