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

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.

Good luck with that! - Europe to outline banking union to tackle crisis

STRASBOURG, France | Wed Sep 12, 2012 8:17am BST
(Reuters) - Europe will move a step closer to a "banking union" on Wednesday with plans for the European Central Bank to oversee banks as part of efforts to end years of financial and economic turmoil in the region.

European Commission President Jose Manuel Barroso will outline the proposal in his annual "state of the union" address, which will also set out a path towards deeper economic integration across the euro zone and the wider EU.

GBP Claimant Count Change -15.0K consensus 0.1K previous -5.9K

Agreed Skinny. Nice to know that it's all going to be OK.

:-)