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

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.............

yep murky indeed cynic - not forgetting the red bear russia.......................

flat p1ss by comparison today...............

Here is a quick summary of the key points in the statement from the European Union:

Greece will need between €82-€86bn in bailout funds.
It will get those funds when the Greek parliament has passed reforms and the EU wants that done by Wednesday 15 July.
The final deal will need to be ratified by national parliaments - that could be done by the end of the week.
The reforms are substantial affecting VAT, pensions and requiring an independent office of statistics.
A €50bn asset fund will be formed to be run by Greeks but supervised by Europe. Half of that will be used to recapitalise banks, which will then be privatised.
The ESM [European Stability Mechanism] is prepared to provide an immediate €10bn to recapitalise banks.
A 'haircut' or reduction of Greeks debts will not be offered. But the debts might be restructured to make repayment easier, but only after Greece has introduced all of its promised reforms.

i'm currently long DOW from 17,875 (now 17,935) so watching to see if 18,000 can be hit ...... shall almost certainly bank the profit just shy of that level

am also long FTSE from 6725, but that has currently stalled, but shall leave to run

good luck cynic - i have just cashed in profit dow - the greek news wasnt as mind blowing as expected, other global events may well take precedence
long still looks a good call but wont take much to tip it into a bit of reverse imo..........if it goes further north dont mind good for others
gl

ha ha...............imf suckers :-)
china, india, brazil and others will be chuffed to bits to see more money going to the eu zone than anywhere else in the world..................

It's official, the International Monetary Fund (IMF), is "ready" to work with Greece, it has announced in an official statement. "The IMF stands ready to work with the Greek authorities and the European partners to help move this important effort forward."

A third bailout deal for Greece is predicated on the country asking for further help from the IMF.

banked modest DOW profit, but i see that index has now climbed again .... never mind

DOW
just taken a brave short at 19,796 as it shows no inclination to surge higher and a resistance at 18,000 def in prospect

that is brave cynic - i hope it comes good for you - i am keeping my powder dry for the moment - gl