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

nevertheless, dow is hanging onto the 12940 support, though the trading range is likely to be not much more than +/-50 pts, so i shall avoid for now

Currently short UKX @ 5793.3
long gold @ 1749

Out UKX @ 5789.7 + 3.6

Gold - Stop to entry for risk free trade.

12949.5 short bet in play

12930 position closed, narrow range today guys

12930 holds some support, lets see if it breaks...

http://rt16.it-finance.com/FinSpreadsFlash/showimage.phtml?id=39201d51268f85bb0a3c6fc7aac40ac54586613e1bae2b1f82fca4113cb9f1e9&type=png
Wall ST Daily above, black channel (bearish) marked being where I put the trend, note support lines within channel (green horizontal lines).

A bit crude.

Skinny, how do you manage to get my charts to show, do you save them somewhere else then think to where ever you've saved them too?

In chrome, I highlight the link you have posted, click on the 'go to http' option (which opens the chart in a new tab) copy the img url and post it thus :-



I know you use explorer which I haven't used for ages - I'll have a look later and post the explorer route - unless an explorer user would would like to!

Agh, still not working for me even if I use Chrome...... I'll have to admit defeat and accept I'm unable to post anything more than letters :-(

I've just tried to load IE but my version is in a bit of a mess - I'll look this evening.

Shortie - in chrome if you highlight the link that you have posted and right click and take the 'go to http' option.

On the tab that is opened, hover over the chart,right click and take the 'copy image url' option - then post that as the link.

Skinny your a legend... I've done it whoop whoop.... Thank you very much!

Shortie LOL

Carney named as new Bank of England governor

Mark Carney has been named as the new governor of the Bank of England by Chancellor George Osborne.

Mr Carney, the governor of the Canadian central bank, will serve a fixed term of five years and will hold new regulatory powers over banks.

Mr Carney was a surprise choice for the head of the UK's central bank and had previously ruled himself out.

30 min Wall st chart, support looks to be broken. Next support 12760 if we hold below 12930 at close tonight.

Breath of fresh air for the Bank of England?