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

Thankyou skinny, the 15 min chart above, green dotted lines show where I believe support to be, looking at the last 40 mins these lines are true. Anyway for those still in good luck and happy Halloween..!

Scott Forstall, one of the most visible faces of Apple in the wake of Steve Jobs' death, is leaving the company in a surprise shakeup at the head of Apple' ranks.

Forstall, a senior vice president in charge of Apple's mobile operating system, iOS, will act as an adviser to CEO Tim Cook until departing some time next year, according to a news release from the company.

As the man behind the system that ran Apple's industry-changing iPhone and iPad, Forstall had been considered a favorite to replace Jobs as CEO after Jobs' death last October. More recently, Apple observers pegged Forstall, 43, as the next in line behind Cook.

Along with marketing chief Phil Schiller and design guru Jonathan Ive, Forstall anchored the company's top tier of executives, frequently speaking at Apple's heralded product unveilings to showcase the ins and outs of operating-system upgrades.

Read more: http://www.wptv.com/dpp/news/science_tech/scott-forstall-apple-aapl-shakeup-why-apple-vice-president-is-leaving-the-company#ixzz2AtRmzmvW

Well not the most sensible trade I've ever done, but I've closed @13,060 for +60.

I'm now tempted to go long - time for tea I think!

I've just closed at 13063, as well - I'm free to go out and play hurray!

Have fun - I'm off to the Indigo tonight to see Paul Carrack.

Profit is profit Skinny... I don't have the time to follow tonight, tommorrow is another day and albeit I'm sure safer bets will emerge. Telecoms over the pond set for a knock, looks like the bandwagon to be on, will have a look in the morning.

Verizon Communications Inc. Maybe a nice short.

Today is a great example why opposite views can still make de money.

I stuck with my hunch that the Dow was a long today until about 1pm. +50 pts too good not to bank a profit and unsure what the US would do at the open. So I was right initially, wrong at the moment and only time will tell if a medium term bullish approach is correct or not.

i don't think any sell-off will have a long life ..... the perception now is that world economies are recovering (i have been saying that for a while - increasing chemical shipments), and the eurozone probs are now relegated to the backburner

Correct Cynic.

My own view is that resumption of the uptrend will kick off again soon. There will probably be lower lows before that happens but once all the bears have been wiped out, we'll be off up again. Usual routine, woe is us, markets in terminal decline and then all will be well in the world again.

12900 is the magic number to watch .... i confess that a week ago, i thought that was going to be severely challenged, but now i am not so sure ...... mind you, 13005 would not be a bad support either and there is reason for that too

i too closed my short dow after hours (at 13058 as it happens) ...... though the US elections will make the markets somewhat twitchy, it is certainly now looking as though Obama will be re-elected - thank goodness, says i ...... with the (confirmatory) news that China's economy is now growing again, it is tempting to think of going long Dow once more ..... as always, entry point is the tricky one to judge

Sony, Sharp in turnaround battle; Panasonic battered

TOKYO | Thu Nov 1, 2012 8:14am GMT

(Reuters) - Struggling Japanese TV maker Sharp Corp warned it might not be able to survive on its own, as it almost doubled its full-year net loss forecast to $5.6 billion (3.4 billion pounds), and said it was considering alliances with other companies.

"Our corporate group has booked massive second-quarter net and operating losses ... and now see a serious negative operating cash flow. This raises serious doubts about (our ability) to continue as a going concern," it said in a statement on Thursday.

Thousands fear losing their job as Comet faces collapse

Thousands of jobs are at risk as Comet, the 240-store electricals retailer, is poised to appoint an accountancy firm as administrator just nine months after the UK chain was bought for a token £2.

I keep forgetting that the clocks have changed!!

GBP Manufacturing PMI 47.5 consensus 48.1 previous 48.1

You must have been getting up early then Skinny!

Thanks for the info, though not all that cheery

good morning mistress :-) ....... are you out frolicking today in the late autumn sunshine?

Good morning to you Cynic - no, was frolicking last night - and it's grey and dreary up here in the North!

USD ADP Non-Farm Employment Change 158K consensus 138K previous 162K

The method/calcs re the ADP figure have changed after criticism.

with the election imminent, it comes as no surprise that numbers were good, he says cynically ....... anyway, glad i took a small dow long this morning at 13108