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

at least it's started in the right direction and is +$4 since i bought

6720 still offering short term support, I'd think a break below will trigger a test of support 6650 support followed by a test of the 9 month uptrend back at 6560..

a diddy +20 on a small dow long ..... that said, i'ld be very happy if i could produce that day in and day out throughout the year

Sharp move on Verizon on update - Verizon Delivers Sixth Consecutive Quarter of Double-Digit Operating Income and Earnings Growth

Verizon Communications (NYSE: VZ) is projected to report its Q2 earnings at $0.90 per share on revenue of $31.12billion.

well, they clearly blew that forecast away and with some heavyweights also reporting today - see below - we could be in for an interesting session ...... cash dow currently nudging 17100, but just shying away from breaking through


Earnings and economic data: Many big corporate names will be reporting quarterly results Tuesday.
Coca-Cola (CCE), Comcast (CCV), Domino's (DPUKY), Harley-Davidson (HOG), McDonald's (MCD) and Verizon (VZ, Tech30) will report earnings before the opening bell. Apple (AAPL, Tech30) and Microsoft (MSFT, Tech30) will report after the close.
On the economic front, the U.S. government will report the latest consumer price index number at 8:30 a.m. ET. Stats on existing homes sales from June will be reported at 10 a.m.

Short FTSE @6,791.2

small dow long @ 17095

certainly one of us should make a couple of shillings, and it's far from impossible that we both do :-)

short sp 1986 , nice stop.

Closed @6,773.4 +17.8.

got out 1981.2 safely, thing is not looking good yet.

Hmmm - looks like I should have reversed.

no yet another expensive car you've wrecked surely :-)

AAPL
was nearly tempted to buy ahead of the figures yesterday, but didn't, though no harm would have been

i think that on balance, the numbers and forecast are pretty good, but whwreas AAPL used to be a "market darling" that is no longer the case, so it is a reasonable bet that the shares can be bought cheaper than currently (~$94.50) a few weeks hence - should that have appeal

Out for a profit (as per post 16040), but a reversal would have been far more profitable!

Average 6786.5 FTSE now on shorts.

The nine members of the Monetary Policy Committee voted to keep rates at 0.5%, as expected.

They agreed that while "employment had continued to increase robustly... wage growth had been surprisingly weak".

Wage growth excluding bonuses slowed to a record low 0.7% in the three months to May.

The committee also said there might be a "modest slowing in output growth" in the second half of the year.

The minutes read: "There were early signs that global growth was weakening, and an unexpected increase in interest rates when real wages were not yet rising could... destabilise the recovery.

"The committee agreed that no increase was warranted at this meeting, although for some members the decision had become more balanced in the past few months than earlier in the year".

Just taken +20 from a FTSE long @6797.7 - odd feeling atm.

Have a cup of tea -):

Yeah, take a break, have a few days off, the markets will still be here when you get back... Corsica looks nice this time of year.

That's very British Stan , if in doubt have a cup of tea ..