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

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".

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the demented rabbit on heat is cavorting around the office!!!

Just closed small DOW +154 - almost a point a minute.

depending on your risk aversion or similar, there is a good call that says to let it run ...... 13005 was one kick-off point, 13200 was (is?) a modest resistance, 13870 is the next target ..... obviously that will not be reached tomorrow, but bear it and the other levels in mind

Nasdaq at a 12 year high.


DOW at year high.

S&P at 4 and half year high.

Oh and then there's the FTSE!

GBP Manufacturing Production m/m 3.2% consensus 2.1% previous -2.9%

GBP PPI Input m/m 2.0% consensus 1.6% previous 1.3%

have sold 1/2 my dow position for a very juicy profit as it was a bit too heavy ...... have also removed a slab of cash from my "broker's account" to stop it burning a hole in my pocket

Well Done Cynic.
Have a nice time in Dubai.

lots of work, but at least golf on monday

USD Non-Farm Employment Change 96k consensus 123K previous 163K

USD Unemployment Rate 8.1% consensus 8.3% previous 8.3%

cynic post #8569 "nothing goes in a straight line but 14545 is the target"
I guess a few people (including me) had a laugh at that, but I've recently stopped laughing.

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I agree Harrycat! I shall be looking to try and find a good entry point from which to stay long - and will try not to take my profits too quickly, as I normally do, for fear of them drifting away.