Hi all,

I went for a client meeting in the morning and didn’t get back until around 3ish. Didn’t start watching the stock market until around a bit later but I noticed that the stock market made front page news on most of the newspapers today.

Anyway, the FTSE was very volatile today.. there was a good trade as it went above the 6000 mark. The market made the biggest one day gain in over 4 years after it fell over 250 points yesterday after the Federal Reserve cut lending rate to 5.75%.

 I made 40 points today in my spreadbetting account from a FTSE long at 6006 at 4pm (ish) . Unfortunately, I didn’t hold it until the end as it would have been a nice 64 points.

 Remember what I said about trading above/below big levels? 6000 is seen as a pivotal level in the FTSE so if it goes above/below this, then it should be a good long or short trade with about a 20 point stop loss.

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