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

..Greek People 'Have Voted For The Euro'
Sky News – 24 minutes ago....Greek People 'Have Voted For The Euro'
....The Greek people have voted in favour of staying in the euro, New Democracy leader Antonis Samaras has told reporters after his party were projected to win the election.

it was still a very tight vote, but the markets will be mighty relieved .... that said, this result seemed to have been predicted by the markets last week and assuredly the greek and spanish problems remain far from resolved

Doesn't matter which party has won, Greece can never pay back the money they have borrowed, so default or leave the euro. I very much doubt the Greek people can take any more austerity either, which will be required, so more trouble ahead

Markets may be putting a positive spin on this in which case $ may weaken further in which case we've got a pound breakout. Will have a wee look see in the morrow.

I think there is bound to be a temporary feel good factor on monday. Chuckles is probably correct (#8416) but sometimes the markets defy logic. Yet another temporary patch, but happy to look for short term profit on the back of it. (Still awaiting Egyptian vote as CEY in the doldrums.)

Excellent morning and a bit of a no brainer - just closed FTSE short +82 and RBS short +10.

i was short dow over w/e but was unfortunately shut out of what was actually the correct call ...... very dull but no real damage

".......temporary feel good factor....." Considerably more temporary than I envisaged!

I'm short the DOW from @12,815 earlier - probably should have closed it with the others - time will tell.

On a slightly different note, I used to trade RBS daily when it was @£20. Since consolidation, it is again becoming quite tradeable intraday.

Out of DOW now also.

GBP CPI y/y 2.8% v consensus 3.0% previous 3.0%

GBP RPI y/y 3.1% v consensus 3.3% previous 3.5%

GBP Core CPI y/y 2.2% v consensus 2.3% v previous 2.1%

GBP HPI y/y 1.4% v consensus -0.1% v previous -0.4%

CAD Wholesale Sales m/m 1.5% consensus 0.4% previous 0.4%

USD Building Permits 0.78M consensus 0.73M previous 0.72M

USD Housing Starts 0.71M consensus 0.72M previous 0.72M

The 'surface' effect?

.

GBP Claimant Count Change 8.1k consensus -3.1K previous -13.7K

GBP MPC Meeting Minutes 0-0-9 consensus 0-0-9 previous 0-0-9

GBP Unemployment Rate 8.2% consensus 8.2% previous 8.2%

GBP Average Earnings Index 3m/y 1.4% consensus 0.8% previous 0.6

Apple, Google to face off in key smartphone hearing

(Reuters) - Apple Inc will try to salvage a high-profile lawsuit against Google Inc's Motorola Mobility unit on Wednesday at a crucial hearing in the smartphone patent wars between the two tech companies.

Greece coalition deal 'expected soon'

The head of the small Greek Democratic Left party says he expects a deal later on Wednesday on a new coalition government, which he will support.

"We decided to give a vote of confidence to the government that will be formed," Fotis Kouvelis said.

He was speaking after talks with the conservative election winner Antonis Samaras, Reuters news agency reports.

New Democracy, led by Mr Samaras, is expected to lead the coalition, which may also include the centre-left Pasok.

Mr Samaras's three-day mandate to form a government expires on Wednesday.

Maybe a bit of weakness in the FTSE, not much though, on it's way back to 5900-6000 with the £ also heading back to 161. Yup

German PMI figures @8:30.