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

& lol the bitcoins - do you remember that guy who had about £1M or so worth of bitcoins on his laptop without knowing it - he only realised after he had dumped his laptop which is now amongst 1000s of tons of landfill at his local tip - now that is what you call bad luck, he the kind of guy who could fall into a bucket of roses and come out smelling of turds! - and the only way he can unlock those bitcoins is.............................. with his encrypted laptop!!

Had a couple of quick in and out trades this morning. Not holding onto anything too long appears the way forward for a time.

UK Growth at 3% Doesn't feel like it from my Ivory Tower.

no doubt you're right dz ...... perhaps i should keep my sticky fingers off my laptop while on hol

mind you, if the indices go against me, i have other long term long positions to offset, though no doubt the wrong ones!

cheers cynic - it is so volatile at the moment even a bad position can turn positive rapidly.......... some more developments - a rumoured bailout teleconference tonight - could be interesting indeed ;
more importantly enjoy your holiday with mrs c and good ref the other long term positions

German Chancellor Angela Merkel has told MPs that Germany could not consult on a new proposal from Athens ahead of Sunday's referendum. If so that will mean Greece does default as had been expected, a source told Reuters

didn't make such a bad call after, and out of both about an hour ago with a very decent profit :-)
my inclination is that long is now the call, but need to look further and in due course

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looks that tsipras is being squeezed by the balls very hard indeed
read my earlier comments re dirty politics etc :-)

good stuff cynic - and yes tPISSra must have his nuts in a vice which is being closed quickly :-)

rather missed the longboat (hahaha!) as dow now +90 and more

Eurogroup teleconference Wednesday 11:30am, to discuss state of play #Greece

c 18021 down a bit now :-)

dining on really fine fish so haven't given the market any thought at all
so where from here?

it sounds that tsipras is now shitting himself, as imf/ecb/eu have no need at all to hold out a helping hand .... that being so, i think an awful lot of civil servants won't get paid which will scarcely win any "no" votes

a "yes" majority now looks have a good chance, and if that happens, there'll certainly be a serious surge ..... but fairly short-lived as that in itself will not settle anything, with all the ramifications that implies

my guess therefore, is that the next 3 days trading will be fairly muted for volume, but some hefty swings still on the cards as voting indications and forecasts are published

the fish sounds so good that i expect an aperitif was not required?

too many aperitifs and post-prandials for you tonight i fear :-)

IMF communications director Gerry Rice says :

"I confirm that the [Special Drawing Rights] SDR 1.2bn repayment (about €1.5bn) due by Greece to the IMF today has not been received.

"We have informed our Executive Board that Greece is now in arrears and can only receive IMF financing once the arrears are cleared.

"I can also confirm that the IMF received a request today from the Greek authorities for an extension of Greece's repayment obligation that fell due today, which will go to the IMF's Executive Board in due course."

ha ha lol the 18026 mrc - that is always quite possible ;

is this the long and the short of it? lol

A bit of respite before weekend!!!

18019 looks to have been quite a good prediction, but it's always much easier when no money at risk

Is that right Tsipras now recommending a yes vote on sunday?
2517

tsipras brings a variation to the old adage about broker recommendations ......
when tsipras says yes he means no and when he says no he means i didn't really mean that

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safest to be neutral o'night