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

AAPL
an adage that i quote quite regularly is that the market is rarely wrong ..... however, wearing my rose-tinted glasses, yesterday's wallop seems pretty irrational and certainly severely overdone .... sp at opening is likley to be a bit lower again, but having given myself some headroom here the other day, i shall seriously consider buying those back

got stopped out of half at +10 which was high of rally.oh well!
down gap has now been filled. running balance now at original
stop plan.
regards and good luck to all
jkd

AAPL
money married mouth at 521.00 ,,,,, spp flying all over the place, so fingers x-ed and wait and see

Good luck with that Cynic. I read this today:

Apple's losses continue to weigh on the tech sector with Chief Executive Tim Cook telling BloombergBusinessweek that the company "screwed up" with launch of mapping application.

There's are a number of key economic indicators due out in the UK and US on Friday, with the market's focus likely to be on crucial employment report Stateside scheduled for release at 08:30 in New York (13:30 London time).

Thanks for the reminder DreamCatcher.

I found this an interesting read:
Are stock investors going insane?

The chap with his mouth open has gone insane, Toya. lol

Interesting read.

not a bad old day really ...... AAPL buy at 521.00 this morning was absolutely a good call, and have just banked most of the profit on my dow long

Anyone know what the consensus is for the non-farms tomorrow?

93k

Buba got out of bed the wrong side this morning. All this is 30 mins old now....

Buba Raises Germany's 2013 Jobless Rate Forecast to 7.2% from 6.5% in June; Sees Jobless Rate at 7.0% in 2014 [DJ]

Germany GDP forecast of 0.4% in 2013 sugg a negative quarter if Q1 stagnant as est; so far no "recession" but est negative Q4, 2011Q4 -0.1%

Bundesbank sees inflation at 2.1% in 2012, cuts 2013 to 1.5% vs 1.6%, 2014 1.6%; economy still good shape/clouded, downside risks to growth

Bundesbank cuts Germany GDP forecast 2012 to 0.7% from 1%, 2013 to 0.4%(!) from 1.6%, 2014 at 1.9%, contract in Q4, stagnant 2013Q1

U.S. payrolls grow by 146,000 in November. Unemployment rate falls to 7.7%, lowest since December 2008.

rockets away!

That was indeed an exciting result, but then we had the Consumer Confidence data - and they seem to lack confidence!

'The preliminary University of Michigan-Thomson Reuters consumer sentiment gauge tumbled in December to a 74.5 reading from 82.7 in November, reports said Friday. That's far below the 82.0 expected in a MarketWatch-compiled economist poll.

(Reuters) - Speaker of the House of Representatives John Boehner called a news conference for 11 a.m. ET (1600 GMT) on Friday to discuss stalled efforts to cut a bipartisan deal to avert the fiscal cliff, an aide said.

Thanks for that KidA - should give a boost to the DOW to finish off the week.

Or not.

Edit - same old, same old.

Good weekend to you all.

Quite so... I just thought that maybe the fact they are talking to each other might give the markets a boost. I closed a long FTSE position earlier so not really bothered. Probably set up another short - in case it hits 5920 again

German Trade Balance 15.2B consensus 15.9B previous 17.0B

World risks fresh credit bubble, Switzerland's BIS warns

Asset prices across the world have risen to heady levels not seen since the credit boom five years ago and may be losing touch with economic reality yet again, the Bank for International Settlements has warned.

“Some asset prices appeared highly valued in a historical context relative to indicators of their riskiness,” said the bank in its quarterly report.

Yields on morgtage bonds have fallen to the lowest level ever recorded. Spreads on corporate debt have narrowed to the wafer thin margins of 2007, even though default rates are currently three times higher than they were then for junk bonds and twice as high for investment-grade companies.

Thanks for that Skinny - an interesting read!