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

Wow - what a lovely bounce! Have been long DOW from 13006

Apparently it's rebounding on the back of AAPL cynic - no doubt you're raking in some more!

On the 20 June I posted £/$ still had 400 pts to go up. At the time it was at 1.5635.

As long as you use massive stops that position would now be in 240 pts in credit.

By massive I'm estimating 240 pts

easy this trading lark!

i still hold some AAPL and also added further dow long at 13002 ..... former well in the money of course, but the latter still has ground to make up (of course!)

Closed an overnight US Dollar Index long for +125, golfing today so out the game till tonight.

That's the way to do it Chris - while you sleep and then play golf to unwind :-)

Tough at the top skinny:O)
(How would I know, started at the bottom and liked it!)

Totally off topic, but had to laugh at this. Even the Sheiks are having to pawn their posessions!

"Cash Converters opens Dubai store"

thanks for that snippet .... i'll be in dubai next week, and given that the locals won't touch anything second-hand - hence no re-sale market to locals even of property - there could be some bargains to be had there .... watches with second hand - groan groan, groan .... lots of jeux de mots possible here, some less tasteful than others!!

a sign of the economy there - CC's store is based in a heavy ex-pat enclave

China revises up 2011 GDP growth to 9.3 pct from 9.2 pct
http://uk.finance.yahoo.com/news/china-revises-2011-gdp-growth-071447003.html

EUR German 10-y Bond Auction 1.42|1.1 previous 1.42|1.8

GBP 30-y Bond Auction 2.95|1.5 previous 3.22|2.2

Japan stresses cost of ending nuclear power as decision looms

TOKYO | Wed Sep 5, 2012 11:13am BST
(Reuters) - Japan's government, buffeted by conflicting pressure from anti-nuclear voters and pro-nuclear business interests, is stressing the negative impact of a speedy exit from atomic energy as it nears a decision on a new energy mix.

Japan is rethinking its whole energy policy after an earthquake and tsunami damaged the Fukushima nuclear power plant in March last year, triggering the world's worst nuclear crisis in 25 years.

GBP Halifax HPI m/m -0.4% consensus 0.3% previous -0.6%

cash dow = :-))

+/-13000 looking to have been a good call ...... a solid break back above 13200 will have me leaping around like MrP = a demented rabbit in heat!

EUR French 10-y Bond Auction 2.21|2.1 previous 2.53|1.9

German Factory Orders m/m 0.5% consensus 0.3% previous -1.6%

USD ADP Non-Farm Employment Change 201K consensus 142K previous 163K

USD Unemployment Claims 365K consensus 369K previous 374K

Draghi unveils bond buying plan - Link

Mario Draghi, president of the European Central Bank, has unveiled details of a new bond-buying plan aimed at easing the eurozone's debt crisis.

He said the scheme would provide a "fully effective backstop" and that the euro was "irreversible".