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

GBP Prelim GDP q/q -0.7% consensus -0.2% previous -0.3%

US new-home sales fall 8.4%

one way or another, considering TLW took and even worse and unwarranted pasting than AAPL, it wasn't too bad a day

cynic - hopefully AAPL fall a bit overdone? (off the lows atm @579).

Not sure what caused that spike.




Maybe mario has saved the day!

Spain not mulling seeking further EU help: sources

MADRID | Thu Jul 26, 2012 11:20am BST
(Reuters) - Spain is not considering seeking immediate help from the European Union to ease its spiralling borrowing costs, two Spanish sources said on Thursday, although the euro zone is eyeing possible action for later this year.

Weak lending adds pressure for ECB action

FRANKFURT | Thu Jul 26, 2012 11:53am BST
(Reuters) - Lending to euro zone firms and consumers fell in June, feeding fears the bloc is set to return to recession and adding to the European Central Bank's list of concerns as it mulls its options to get the ailing economy back on track.

i see FB has been absolutely slammed on its results ..... dropped 8.5% during hours and a further 9.5% after hours with the numbers

Maybe a bit of an overreaction though Mr, C?
Facebook Inc. (FB), reporting its first results since selling shares to the public, posted a narrower profit margin as sales and marketing costs surged -- a sign that the company is chasing growth through higher spending.

Facebook Inc. reported a net loss of $157 million, or 8 cents per share. Facebook rose to as high as $29.02 in late trading after the results were reported.

Operating margin, excluding certain costs, was 43 percent in the second quarter, a decline from 53 percent a year earlier. Second-quarter revenue rose to $1.18 billion, Menlo Park, California-based Facebook said in a statement today. That compares with an average estimate of $1.16 billion, according to data compiled by Bloomberg. Profit excluding certain costs was 12 cents a share. Shares slid in late trading.

it's friday lest you hadn't noticed, and strange things can happen over the pond ...... watch very closely for 13005 being breached with impetus ..... if it is, then look to buy dow

So 13,000 then?

you may notice that it keeps stalling at that point .... stay patient but watchful

Facebook taking another bashing - currently down 12.3%.

I've left a cheeky DOW short in @13075.

Skinny, all it will take is one word from the Fed. :>)
I am hoping that it never comes as I'm short the FTSE from 5630, and my Aug entry for the ftse comp is 4812!

i think a short may prove expensive

It will not be expensive whatever the outcome with sensible stops I'm pleased to say.

in that case, i expect they've been hit! ...... dow now 13090 ...... did any of you do as i suggested?

Yep, got in when 13000 breached. Got stopped for a nice profit, now looking for a re-entry point. any suggestions?

well i wouldn't have put in a limit, which is what i assume you mean ..... 13005 was the key, but not sure where to look for re-entry

Trailing stop to lock in profit. Any key levels to look out for, or is it blue sky thinking for run up to November elections? Thanks for the heads up, by the way.