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

I agree with you cynic: If you read some in-depth reports, Germany is already suffering from the downturn in Europe - it's why I can't understand the markets racing ahead...

Spanish 10-y Bond Auction 5.52|1.8 previous 5.46|1.9

Toya, ignore the indicators. There is no competition!

Ah thanks both, never heard of it before.

ah well Mistress T, markets are (nearly) always looking forward at the next 6 months or so and as i have been telling everyone for the last 2/3 months, there is no question that world economies are picking up .... this wasn't guesswork or similar, but merely an obvious conclusion from the fact that chemical shipments were picking up - i.e. companies re-stocking ...... at long last, i see the press and economists echoing this, albeit rather belatedly, for they wait for assorted national economic reports, and of course those are historic

our own observations are that europe remains quiet, but asia, which has never collapsed in the same way (pace japan), is assuredly stronger ..... india has really suffered, but that may be in due in part to a very weak currency, but is now showing small signs of recovery ..... m/e petro economies - i.e. not just oil, but petro-chem derivatives - are certainly stronger

Morning all, French and German PMI data today

In the wake of confirmation of Mr Paul Ottelini’s intention to depart Intel the business falls short on quarterly earnings and confirms an $8.8bn impairment charge to intangible assets as a result of “serious accounting improprieties, disclosure failure and misrepresentations at Autonomy Corp (remember them?) prior to HP’s acquisition.” Ooops! HP shares down 13% in response. Autonomy may reject the charge. One to watch..

Skinny: did you set up your short HP??

No - I took the 2nd option as discussed (pub) :-)

HP closed +2%

It'll probably go down again

Meanwhile, I reckon DOW should go up next week - on the basis that we'll have had a lull over the US festive days; plus they've (temporarily) stopped killing each other in Gaza;the EU will continue to discuss Greece :); and Obama will talk up Fiscal Cliff negotiations...

Long term, cynic, I'm sure you're right - gotta be, I hope...

However, when I read things like this:

Eurozon'es Economy continues to deteriorate at an 'alarming pace'

then I tend to think of going short from a suitable point!

http://rt16.it-finance.com/FinSpreadsFlash/showimage.phtml?id=371908acbd786f6d75b2b35b196c629c819a7581aaf927545a769363bd4ba4ea&type=png

Looks like a Yen breakout, tempted to trade...

Charts
FTSE 100 Daily
http://rt8.it-finance.com/FinSpreadsFlash/showimage.phtml?id=858827ba1e799ad8043be0985410a8510a7b6cee04f78ef767c13f8f8d588aaa&type=png
Wall St
http://rt16.it-finance.com/FinSpreadsFlash/showimage.phtml?id=fa2cc3aaba939600988374fae95be32046ffa425198e47de4f624b1cdae00fe5&type=png
EU Stocks 50
http://rt8.it-finance.com/FinSpreadsFlash/showimage.phtml?id=de01cab8080d9a3fb3a973cc101a3eb1a6bfbc97581f61cc3bd1f5742e101aa3&type=png
Japan 225 (Nikkei) Breakout here also as with the Yen
http://rt16.it-finance.com/FinSpreadsFlash/showimage.phtml?id=554ff7066c96d162b36b7c2672ae9281561ac2b31fbeb3f03fb3f1cf5b8522b4&type=png

don't get fixated on europe

I'm thinking in terms of short the DAX cynic

where's it standing at the moment? ..... last noted at 6951 ...... 7178 is a key support/resistance

7240 - both resistance and support it seems to me, and the level it had fallen to on 7th November.

Wouldn't short just now though - wait and see what happens next week in US

Ah - thank you Skinny!

if anything, looks more like a position from which to go long with a short term target perhaps 150 higher