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

A real tug of war going on this morning.

.

18,000 or 17,988 would make an interesting point from which to go long

i took my own advice, but set too low a limit which has now been easily hit
still, a 50 point profit is not to be sneezed at

if one has the time and concentration, there could easily be some fair gyrations today of which to take advantage, depending on the news emanating from brussels

like wot i said!

DOW actually dumped right down to 17,950, but was distracted by MrT's ravings, though have managed a modest dabble (long) at 17,976

Manuel,

Is Tinker in the bed next to you?

not even the same padded cell :-)

padded cell - dont forget the straight jackets! very interesting day

now out with a modest 24 points profit

DOW really struggling to hold 18,000

DOW is now looking very soggy indeed at 17,965
i can't remember the next support below, but 17,850 rings a bell

nowt wrong with 24 pts - will it be more saaarfff (as they say in essex lol) tomorrow - probably - good to see the greek daylight robbery, sorry i mean deal falling apart ;

dow - didnt hold - yummy :-)

if you're short, you'll be doing well .... now 17,905
don't get greedy as we all know these things can turn on a sixpence, or even a few drachma

greedy - moi?! :-)
seriously agreed - never nice to see a profit evaporate

looking back, 17,914 is a modest support level ..... but 17,686 which was hit only 10 days or so ago, is the real scary one

shall probably accept the bait and go small long imminently as 17,900 is holding at least for now

interesting thoughts - long? - going to have a ponder and a few discussions - if no change with greece or a worsening of the situation 17,686 may start to look too high! would like to be a fly on the wall of those negotiations! probably end down if so...................

JPM summary today:(re: Greece)
"The technical teams have resumed their discussions this morning, and we have another Eurogroup meeting at 1pm. But, if our judgment about this process is correct, the decision has to come from Tsipras. We probably have until Sunday night to reach a deal. If there is no deal by the end of the weekend, then we are likely to get capital controls next week and we will move into a post capital-controls frozen conflict with Greece defaulting on its IMF and ECB obligations. In such an environment, pressures will build on both sides, which should eventually encourage a deal. But, it is unclear how long it would take.

Most likely, we will get a deal by Sunday night. It looks as if Tsipras has looked at capital controls and wants to avoid the disruption they would cause. But, if he accepts the creditors’ terms, he will struggle to keep his coalition and his party together. Given the lack of trust, no money is going to be disbursed prior to the deal going through the Greek parliament. Although this looks ultimately achievable, it will not be easy."

"And on a slightly less global note, Gotham City's latest business of digging into companies which are less than they seem, and the outlook for short selling more generally, Dan Yu's (of Gotham) latest targets are Endurance International, as well as Plus500, Gowex, Hanergy, and Blinkx."