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

let's put it this way ...... if dow dips to 17,730 i'll take a long if i'm not out to dinner

Probably up, but possibly down!


8-)

Communists rally in force

The Wall Street Journal's Matina Stevis just tweeted this picture of the rally by the Greek Communist party, the KKE, who are opposing the government's proposals.

Market optimism
Posted at 21:19

US stocks have reacted positively to events in Greece, closing up either 1.2% or 1.5% - mirroring rises in European and Chinese stock markets.

18167 - and who cares? ...... bit like who cares that unite support corbyn for labour leadership; merely tells us what we all knew already

The neo-fascists like Manuel prefer a toff:

call GO what you like, for you are so totally purblind and obsessed with so-called class, which nonsense is of course perpetuated by neanderthals such as you ....

personally, i'ld be delighted if corbyn was voted in to lead the labour party, for it would consign it to the wilderness for a very very long time ..... which actually is not such a good thing
the best candidate would possibly have been Tristram Hunt, but of course fred and his pals would not be able to get his name past their lips

anyway, whatever label you wish to hang on GO, i think he's making a pretty good fist as chancellor, and i think history will show so

Beginning to wonder if Tsipras a Margin Account to pay off debt !!!!

probably :-)

A summit of all European Union members planned for Sunday has been cancelled as "very difficult" talks over a third bailout deal for Greece continue.

YUM!

sunday ig indices pretty spooked
ftse currently -44 and dow -80 but very silly spreads indeed

LOL

The BBC's Economics Editor Robert Peston has been examining the "killer" lines in the Eurogroup rescue offer.

Firstly he says Greece needs additional finance of €82-86bn - which would boost debt to well over 200% GDP.

A "bonkers" prospect, he exclaims.

Secondly, Greek banks need additional capital of up to €25bn to absorb losses from the implosion of the economy - caused by forced bank closures.

And thirdly, if a deal is not reached, Greece would be offered "swift negotiations on time out of euro, with possible debt restructuring".

https://twitter.com/hendopolis/status/620326606024896512

:-)

short is not the positon to be in, so i hope you're not

Long at 6646 and now out and all square.

Short squeeze!!!

not me - could be a real yoyo day :-)

if current market levels hold, then DOW could easily be heading for 18,000 and FTSE for late june high of 6875 (from memory)

Sounds like Greece have done some kind of deal ,although whether it's one that will please markets we will see .
Now we have China to stick a spanner in the works .

as i keep on saying, there's a lot more to this than meets the eye .....

for example, it is almost guaranteed that lot of existing debt will be rescheduled at minuscule interest rate and to 50 years hence (rumour has it that this was already in place but could not be admitted) and that IMF/ECB will fund some major infrastructure developments, partially paid for by the large scale privatisations

could be cynic ref 18000 & ftse.................

jimmy - looks like the greeks have no option - then pass it through their gov with a few key personnel changes............... interesting day / week ahead

china - lol yes but this would help them too if correct ref greeks.............