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

Me to skinny, pint time :O)

for Mistress T and others .....
2 weeks ago, FTSE stood at 5710 which was a strong support level - and so it proved
friday saw FTSE close at 5905
nevertheless, the markets look disinclined to retrench as seen from the performance of the dow on friday
FTSE target therefore remains at just below 6500, with a stop loss on momentum below 5600

as always,
the above is gleaned from my guru
and
markets do not move in straight lines

Thanks for that Cynic!
My little Shorts from Friday were closed at a profit - I see others here also left some running. I've now set up another from 5900. Even if the FTSE goes above that in the short term, it will surely (?) want to drop back a bit?

brain not really keyed into the market this morning dear heart as am in a last biz meeting before going to the airport to come home

brain not really keyed into the market this morning dear heart as am in a last biz meeting before going to the airport to come home

.

I know its a bit like

Love your pix, Skinny!

Italy posts surplus again, €4.5bln. Unexpectly high again.

So situation is not as bad, IMO

5900 providing support at mo, doing nothing till those crazy yanks join the party at 1430, logic says due a pull back. But then when has logic and yanks in the same breath meant diddly squat?

AT&T says set sales record for iPhone 5 over the weekend ... from yahoo.com

Tata Motors global sales up 13 pct in August .. from yahoo

Euro-Zone Trade Surplus Widens , Wages Rise... from The Wallstreet Journal

a pull back (dow) has to happen sooner rather than later, but provided it's not caused by something too scary - gengis netanyahu! - then should merely be a correction

an argument perhaps to lighten any dow long (comme moi) with a view to piling into ftse as/when 6000 (a psychological block) is breached with impetus

Cynic,
There will not be any war with Iran. The damage to Iran's economy over last month has been much worst that of the 9 years war with Iraq. Another revolution may come next.

What do they to achieve by war? Any war will be costly and makes Iranians united against external forces, strengthening Iranian government. IMO

So far the FTSE has tended to move up with the DOW, but I thought the below snippet was interesting:

From Reuters:
'Italy equity funds recorded their biggest weekly inflow since the current financial crisis began. In contrast, investors pulled more than $200 million out of UK equity funds, according to EPFR Global, which tracks conventional and alternative funds....

"The strong liquidity should boost stocks in the short term, it's a question of flow. But in the longer term, it's quite alarming to see these actions from central banks because it means that the slowdown in global economic growth is serious," Barclays France director Franklin Pichard said.'

"But in the longer term, it's quite alarming to see these actions from central banks because it means that the slowdown in global economic growth is serious,"

How sharp is he! :-)

So why are we heading for a multi-year high on the indices? Can't fathom it. Ah well, just go with the flow...

Toya,
Next leg will start this week. Base is around the corner, IMO

Hi Ahoj,
Thanks for that. My FTSE short from 5900 is ok currently, as is the DOW short from 13585. But I view these as a bit of a short-term pullback, and then I shall be looking for a (hopefully good!) point from which to go long again.

Closed my shorts... and set them up again as Working Orders. Want a relaxing evening and not worry about whether I might lose the running profits I'd made!

your a very shrewd lady despite what cynic says.......... ;)