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

and so it has and it has, but for how long and to where?
if we knew that, we wouldn't be pissing about :-) ....... however, 17,755 is not a bad target from which to short again

Manuel,

Post 17998.

A conflicting opinion to your neo-fascist view of the world is probably beyond you capacity to contemplate.

You have the ability to price of much, but the value of very little.

.

fred - i know your value well and that you place too great a price on it

since i adjourned for dinner, dow has shut for the night and i see tumbled even further without, i think, bouncing back to anywhere near 17,755

trend must surely remain south, but opening a position to run o'night is too scary an option for me

Had a breather from Trading yesterday. Not in correct frame of mind.

IG can't log you in this morning ,i bet there are some angry folk out there..

yum - more saaaaarfff today and not unexpected - also the imf is under pressure from non eu members who are 'annoyed' that the imf have done such a large 'favour' to euro zone whilst ignoring non euro areas in comparisson - there is annoyance amongst china, india, brazil to name a few that so much has gone into a non euro area and the loan will very likely / almost certainly go sour :-)

beware a greek bearing............................. shat! :-)

good idea claret if you feel like that - atb

jimmy - it's back on line

dz - being in unusually cynical frame of mind, i am inclined to believe some very dirty politics are afoot to "depose" tsipras and his crew and to get someone more malleable on board
once that is done, there can be all sorts of skullduggery whereby a huge slab of debt is actually or effectively written off, leaving greece with an affordable rump to repay - ie a rump that represents <130% of gdp

hilary - you usually have something more insightful and intelligent to say, so what's your view?

you are right to be cynical - cynic :-)

almost certainly something similar to that will be / is happening - this has gone truly global and stirring up a hornets nest, and to say t stupid as has ruffled a few feathers would be an understatement to say the least - and no one in the west wants the russians to get a strong foothold via greece although it is rumoured stuff is happening behind closed doors ; what is working in t stupid as favour though is the underlying greek dislike of the germans -i dont care if that isnt pc - it is a simple fact......................

also t stupid as was seen getting ready for work earlier this morning - he was putting on his big plastic red nose, size 20 shoes and spinning bow tie :-D

dont forget to keep an eye on some of those other 'duffers' such as spain, italy, portugal et al ;

lastly - bitcoins lol!

i confess i have no idea what bitcoins actually are .... to me, they sound like something totally imaginary like emperor's new clothes with no actual value at all

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i now have very modest short positions in both ftse (already in the money) and dow (just out of the money)

i'll try not to get too greedy, but confess i cannot see any reasons to go long this week, though no doubt i'll be proved badly wrong

keep a close eye on ftse (and others) cynic - another factor to consider:

The UK economy grew 3.0% in 2014, according to the latest estimate by the ONS. That's an upward revision of its previous estimate of 2.8% and the fastest annual growth rate since 2006

gl

& lol the bitcoins - do you remember that guy who had about £1M or so worth of bitcoins on his laptop without knowing it - he only realised after he had dumped his laptop which is now amongst 1000s of tons of landfill at his local tip - now that is what you call bad luck, he the kind of guy who could fall into a bucket of roses and come out smelling of turds! - and the only way he can unlock those bitcoins is.............................. with his encrypted laptop!!

Had a couple of quick in and out trades this morning. Not holding onto anything too long appears the way forward for a time.

UK Growth at 3% Doesn't feel like it from my Ivory Tower.

no doubt you're right dz ...... perhaps i should keep my sticky fingers off my laptop while on hol

mind you, if the indices go against me, i have other long term long positions to offset, though no doubt the wrong ones!

cheers cynic - it is so volatile at the moment even a bad position can turn positive rapidly.......... some more developments - a rumoured bailout teleconference tonight - could be interesting indeed ;
more importantly enjoy your holiday with mrs c and good ref the other long term positions

German Chancellor Angela Merkel has told MPs that Germany could not consult on a new proposal from Athens ahead of Sunday's referendum. If so that will mean Greece does default as had been expected, a source told Reuters

didn't make such a bad call after, and out of both about an hour ago with a very decent profit :-)
my inclination is that long is now the call, but need to look further and in due course

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looks that tsipras is being squeezed by the balls very hard indeed
read my earlier comments re dirty politics etc :-)

good stuff cynic - and yes tPISSra must have his nuts in a vice which is being closed quickly :-)