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

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;

12 jun you were long and now youre short davai . I can't see anything in your waves to have changed your mind. Anyone got a pin?

Bank and Treasury look to boost bank lending

The Bank of England will launch two new stimulus packages in response to the worsening economic outlook, governor Sir Mervyn King has said.

Together with the government, it will provide billions of pounds of cheap credit to banks to lend to companies.

Banks will also have access to short-term money to deal with "exceptional market stresses". The chancellor said the measures would "inject confidence".

Britain fights euro zone threat with £100 billion credit boost

(Reuters) - The government and central bank will flood Britain's banking system with more than 100 billion pounds, seeking to pump credit through an economy struggling to escape recession under the "black cloud" of the euro zone crisis.

In his annual Mansion House policy speech to London financiers on Thursday, Bank of England Governor Mervyn King said the country would launch a scheme to provide cheap long-term funding to banks to encourage them to lend to businesses and consumers.

have the markets REALLY discounted already the exit of greece from the eurozone?

12780 dow is the initial resistance - so i am advised - but with w/e now upon us and also the greek elections, i may take a(nother) modest short during the day though the target has not been reached

chuckles - 14 Jun 2012 22:27 - 8386 of 8389

Let me be the first to admit the market is doing what it does best as i've had several conflicting signals in the last couple of days, as obvious by previous posts, however, the above chart is actually the same scenario as the 12th June chart, (just its the 1hr chart, not 4hr) and it appears to be an 'irregular' correction, instead of a straight forward zigzag...

I don't have any position as i stated yesterday that the target of 12848 was negated, (despite it looking right now), i've missed that trade, if it reverses shortly after that, i will be looking for a 5w down (but not to new lows).

besides, my 12th June showed long from 12459, what's wrong with that?!

bearing in mind the above, i have just banked an adequate profit on RBS

For certain the Nzd is going to break its 4hr supporting trendline, but the question is; when?!



We have already tagged the 200% fib of 'A', but with my thoughts that the Dow might head higher, we may see the 223.6%, possibly even the 261.8%, (although i doubt it).
Looking for a strong 4hr candle to break the trendline, to start the ball rolling. this should be in tandem with the index's, or may even give a slight heads up.

Anyway, all just speculation, but just trying to share the things that i'm looking out for. Out of all the posts recently, this would be a great trade if what i have highlighted above comes off.

I think, over the last three weeks the affect of external factors was serious on the movement of shares and reduced the value of analysis of the charts.

I think we should rely on your analaysis from now on, as everything is getting stable.