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

i am a cautious wuss for once so have banked my useful dow long profit

Combining Elliott wave again with my system. First, the HH, then an 'X' wave pullback, followed by an irregular ABC, the key is recognising the 3-3-5 structure of the ABC. wave 'C' is always a 5w move. Breakout of the flagline, trigger and target. Note the retest of the flagline after trigger again to finish subwave 'ii';



These EW doubters! It is the only way to trade (imo), forgive me while i 'chuckle'! ;)

davai - my own "guru" uses GANN theory, which is at least as effective, and certainly he suggests plenty more upside for dow ...... however, i decided i would rather bank the profit for now and perhaps trade again (or not) in due course ...... but have leave my (new) holding in AAPL to run - this and GOOG are the 2 stocks i trade on nasdaq

davai / chuckles - would you concur that it will be an no-brainer short on friday just ahead of the elections in greece?

You would think so Cynic wouldn't you, that's probably reason enough to be cautious!
I'm purely chartist and take no notice whatsoever of news, imo it makes no difference to the path of the markets, merely speeds it up or slows it down...

having banked my small profit in AAPL and opened a small short on dow 12510 - bit late as had been out of the office

I'm considering going short on the DOW also. The DAX is another interesting one having bounced off 6000 support.

Cynic. Is there such a thing as a no brainer in the markets? Much like Davai, he is a one, I don't trade the newss. How many times do punters moan about stocks that don't do what they expect on good or bad news? Markets are usually the same, often already priced in or a subtle element that the average joe knows nothing about comes into play. I'm not entirely sure about the Indicies right now, but £££££££s should show some strength.

perhaps but as i never understand trading currencies, i'll stick with indices when the mood takes .... anyway, just back in the money, even if i got the initial timing a bit squiffy

Just out of interest cynic - where was your stop?

Nokia to cut 10,000 jobs after weaker second-quarter

PARIS | Thu Jun 14, 2012 7:47am BST
(Reuters) - Loss-making Finnish cellphone maker Nokia (NOK1V.HE) plans to cut another 10,000 jobs globally and warned the second-quarter loss from its cellphone business would be larger than expected.

The cuts bring total planned job cuts at the group since Stephen Elop took over as chief executive in September 2010 to more than 40,000.

Nokia said it would book additional restructuring charges of around 1 billion euros ($1.3 billion) by the end of 2013.

Spain's borrowing costs at fresh high after Moody's cut

Spain's borrowing costs have risen to another euro-era record, with lenders demanding a higher interest rate.

The yield on benchmark 10-year bonds hit 7% on Thursday morning, a level which many analysts believe is unsustainable in the long term.

It came as Moody's cut Spain's credit rating to one notch above "junk" and ahead of an Italian bond auction.

Italy also saw borrowing costs rise, selling bonds repayable in three years with a yield of 5.3%, up from 3.9%.

on the indices, i usually place it about 100 points below entry but may raise or lower depending on a number of factors

target 12848 Dow...

*Edit, sorry may or not be valid... canceled out by a contrasting signal that i had missed, so ignore*

Actually think the NZD is turning down and could lead the markets. Looks like the end of a complex corrective move, but need a decent 5-3 reversal signal. Will flag it if i see it...

Just had a small short @12.665.

my small short was shut out for a modest loss, but hey ho

That was some spike - far too quick (for me) to get in anywhere near the 12,698 peak.

assume you'll leave your short running o'night

I have to admit to closing it @16,611 as the down spike reveresed - I would normally have left it, but (unusually for this time of day) happened to be sitting at my desk.

I've been short GOOG since Tuesday @566.15 (on the Apple news) and was tempted to close tonight, but will leave it for now.

you've done well, unlike dopey me

Hmmmm;