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

if dow holds current levels (>12640), then perhaps worth another long ftse for the morning, but be careful of o'night spikes

I take it that you mean > 12,740?

Bulls, not bears, go into hibernation

LONDON | Mon Nov 19, 2012 5:35pm GMT

(Reuters) - The longest losing streak on world markets since the darkest days of the euro crisis in late 2011 shows how reluctant investors are to trust in any sustained recovery after years of crisis.

Global equity indices on Friday flirted with a record eight consecutive days in the red for the first time in a year. Do a sweep of all related risky assets around the world and there's been a similar pattern of pullback.

Interesting article Skinny - pretty much sums things up!

skinny - 19 Nov 2012 17:16 - 9669 of 9675

AAPL off and running +5%.

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Performing better than the HDMI port on a Mac Mini; hopefully the Intel CEO will take his duff product - HD 4000 - with him. It's a stretch to believe Apple didn't know - problems re PCs with the chip/set have been known since June/before. Still, it's not the high volume iPhone and iPad.

Cheers,
KidA

HP Might be worth watching this afternoon.

H-P posts loss on Autonomy charge

SAN FRANCISCO (MarketWatch) – Hewlett-Packard on Tuesday reported a fiscal fourth-quarter loss of $6.85 billion, or $3.49 a share, compared with a profit of $239 million, or 12 cents a share, for the year-earlier period. Revenue was $29.96 billion, down from $32.12 billion. Adjusted profit was $1.16 a share. The company’s results included an $8.8 billion asset impairment charge related to H-P’s Autonomy business. Analysts were expecting the Palo Alto, Calif.-based company to report adjusted earnings of $1.14 a share, on revenue of $30.44 billion, according to a consensus survey of analysts by FactSet. H-P shares were down 7% in pre-market trades.

USD Building Permits 0.87m consensus 0.87M previous 0.89M

USD Housing Starts 0.89M consensus 0.84M previous 0.87M

Redbook: U.S. Retail Sales Flat in First 3 Weeks of Nov. Vs Oct.

National chain store sales were flat in the first three weeks of November from October, according to Redbook Research's latest indicator, released Tuesday. The index's reading compared with a targeted 0.7% gain. The Johnson Redbook Index also showed seasonally adjusted sales for the period were up 1.4% from last year, compared with a 2.1% targeted gain. Redbook said pre-Thanksgiving week staples, such as food, and special promotions drew in customers, but shoppers were holding off for the upcoming Black Friday and Cyber Monday deep promotions. Sales for the week rose 1.8% year-over-year.

Trader Adoboli Gets 7 Years in Prison for $2.3b Fraud.

So, half if he stays well behaved and also early release, with conditions, due to overcrowding, so should serve about 30 months. Think his City career is a bit screwed though!

12747 gone long

Harry - if he takes a leaf out of Leeson's book - his future will be in after dinner speaking.

12755 position closed.

Looks a good call Shortie.

Just hoping to cover Paragon losses with a few quick trades..

U.S. DATA WEEK AHEAD: Claims Seen Falling to Still High 410,000

The following are forecasts for this week's remaining data from a survey compiled by Dow Jones Newswires on Friday and Monday. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS (ET) Wednesday 0830 Jobless Claims Nov 17 410K (13) 439K 0900 Flash Markit PMI Nov N/A 51.0* 0955 Reuters/UMich Consumer Sentiment (final) Nov 83.5 (17) 84.9** 1000 Leading Index Oct +0.2% (16) +0.6% *Revised PMI that came out Nov. 1 **Preliminary November reading (Figures in parentheses refer to number of economists surveyed.)

12745 long again

THE HP write down $8.8B due to 'accounting irregularities' at AU. seems very strange - I think they only paid $10B in total.

12757 closed

Thats me done, Paragon covered now. New Walll St chart if anyones trading

http://rt16.it-finance.com/FinSpreadsFlash/showimage.phtml?id=7ca18328973e579713b9d37e0efd62e4fc4498af883b3a68fb9065f53493aa9c&type=png