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 CPI y/y 2.2% consensus 2.2% previous 2.5%

GBP PPI Input m/m -0.2% consensus 0.0% previous 2.0%

GBP RPI y/y 2.6% consensus 2.6% previous 2.9%

German ZEW Economic Sentiment -11.5 consensus -14.6 previous -18.2

GS tops the estimate by about 20%.

http://finance.yahoo.com/news/goldman-sachs-reports-third-quarter-113500002.html

Its share price may go down initially and then jump. Exactly like JPM and others


Both J&J and Coca cola beat expectations.

USD Core CPI m/m 0.1% consensus 0.2% previous 0.1%

USD CPI m/m 0.6% consensus 0.4% previous 0.6%

Insight: Spain bank rescue signals legal battle for duped savers

O Rosal, SPAIN | Tue Oct 16, 2012 11:21am BST

(Reuters) - Dressed in orange t-shirts and blowing horns, a group of factory workers, fishermen's wives and builders gather outside their savings bank in the small Spanish mountain village of O Rosal.

They have come to demand their money back, taping up posters that read: 'Tricked by the banks. Plundered by the government' in what has become a weekly protest.

"There are people on the edge of destitution. Their savings are all they have," says 60-year-old retired factory worker Argimiro Martinez, a customer of NovaGaliciaBank (NGB) since he was 7 years old and one of the protest organizers.

Interesting article Skinny! I expect there'll be quite a few protests on Thursday-Friday

meanwhile my dow position looking much healthier :-)

Thought you'd be a happy boy again today :)

it's actually back in the money, though not by much ...... evene AAPL is starting to recover a bit of sparkle ...... i think their numbers are out tomorrow

===================

rubbish as usual
GOOG out tomorrow (i hold those too) and AAPL next Thursday

It was worth the wait then... have you seen INTEL results? Have they come out yet, or will that be later?

I've got to dash out in a mo'

After the market - All Eyes on Intel as Tech Earnings Kick Off Amid Investor Gloom

Thanks Skinny

Not exactly anymore. Intel is not as important nowadays.

GBP Claimant Count Change -4.0k consensus -0.2K previous -15.0K

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

GBP Unemployment Rate 7.9% consensus 8.1% previous 8.1%

GBP Average Earnings Index 3m/y 1.7% consensus 1.6% previous 1.5%

Ahoj: Intel on its own may not be as important these days, but:

'The tech sector is closely monitored as it is viewed as a proxy for business spending.
On Wednesday, Intel shares fell 2.5 percent to $21.79 in premarket while IBM lost 3.3 percent to $204. Both firms are Dow components.' [Reuters]

There'll be some economic news from the US at 13:30 today I think - Housing Starts and Building Permits.

I've just been filled on a FTSE short that's been in for a week @5,602 - I'm not sure that's such a smart move given the BP news.

Toya,
Considering that Apple, Google, etc have much higher weighting and the good news from China, UK and Europe, there is not much appetite to short.

Many of shorts have to be closed given BP news. BAC results was good as well.

All in all, the trend is positive, IMO.

Skinny - I hope don't mean you've shorted from 5620... (no, I'm sure it's a typo). I removed a short I'd placed at 5900 earlier in the week - I'm going to see what the afternoon brings.

I also think the US is looking out for results from Bank of America today.

Interesting news about BP!

Sorry - 5,902! :-)

US Building Permits +11.6%

US Housing Starts +15%

Looking good