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

I've been worrying about those delicious wines of yours!

Arm off and running, after hitting a multi year high earlier.

Need any help putting your thermals on Toya..... ;)

Hi BB - I'm much too hot for thermals: just back from an aerobics class! But thanks for the offer :)

12930 support taken out yesterday and closed below, next support 12765, looking to short Wall St again today. Can't imagine the beige book on new-home sales will provide much of a distraction.

Next support at 12830?

I was looking to short too, but not sure from where just yet

Interesting article on Marketwatch.com:

Carney will regret taking Bank of England reins

Interesting your 12830 support Toya, I have disregarded this level being the 23rd November low as no other test proved it to be a true point. I'm also debating where to short from, below 12830 being most likely.

I'm thinking of setting a short from 12880 - in case it hits that in the next couple of hours

I take your point about the 12830 level

Yeah, a small rally on the off is whats got me spooked at the moment, 12880 sounds like a decent plan, although I'm cautious as that would imply a 12900 test followed by a 12913 upper channel resistance test. Also 12830 support on the 23/11, wasn't that an odd trading day (half day after holidays)?..

You're right about that half day Shortie - I'd forgottent that

The Yanks really hate BP.

I've taken the horizontals out to better show the channels, note Chaikin Volatility, this is my concern, should the market have lost interest a reversal is likely and we'll follow the upwards channel again. RSI at 45 and MACD moving back to zero show equal weight....

USD New Home Sales 368k consensus 387K previous 389K

On nights just got up. Stopped out of Gold long 12.16pm @ 1733.7 - 166. Fortunately before I went to bed this morning went long Dollar Index 08.52am @ 80.380 3 mins ago 80.530 + 150 moved stop to lock in + 100 see how that pans out.

DOW plumit 12765 testing already

And out 80.560 + 180 sod this for a game of soldiers, staying out to dangerous trading on nights :O)

New Home sales fell 0.3% - maybe that's what triggered the plummet!

Chris - go to bed! Well done on your trade!

Long @12,778.50 - won't hang around!