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

DOW having a try at 17,800 and just pausing 20/30 points below, so hard to judge next move ...... i would have thought caution, so thus south, but not prepared to take a shot at it - for now at least

yep - hard call but if it breaches 17800..............going saaaarrrrffffffffffff at the moment though lol

now heading back towards 17,730
that proved quite a tough resistance, so the reverse should also be true if you fancy a dabble ...... except that we're edging towards close of play of course and something of an unknown w/e ahead

Closed out for the week. Not going anywhere near platform until Monday.

Had a few small bites for small profits.

Anyone want to guess on Monday's open?

let's put it this way ...... if dow dips to 17,730 i'll take a long if i'm not out to dinner

Probably up, but possibly down!


8-)

Communists rally in force

The Wall Street Journal's Matina Stevis just tweeted this picture of the rally by the Greek Communist party, the KKE, who are opposing the government's proposals.

Market optimism
Posted at 21:19

US stocks have reacted positively to events in Greece, closing up either 1.2% or 1.5% - mirroring rises in European and Chinese stock markets.

18167 - and who cares? ...... bit like who cares that unite support corbyn for labour leadership; merely tells us what we all knew already

The neo-fascists like Manuel prefer a toff:

call GO what you like, for you are so totally purblind and obsessed with so-called class, which nonsense is of course perpetuated by neanderthals such as you ....

personally, i'ld be delighted if corbyn was voted in to lead the labour party, for it would consign it to the wilderness for a very very long time ..... which actually is not such a good thing
the best candidate would possibly have been Tristram Hunt, but of course fred and his pals would not be able to get his name past their lips

anyway, whatever label you wish to hang on GO, i think he's making a pretty good fist as chancellor, and i think history will show so

Beginning to wonder if Tsipras a Margin Account to pay off debt !!!!

probably :-)

A summit of all European Union members planned for Sunday has been cancelled as "very difficult" talks over a third bailout deal for Greece continue.

YUM!

sunday ig indices pretty spooked
ftse currently -44 and dow -80 but very silly spreads indeed

LOL

The BBC's Economics Editor Robert Peston has been examining the "killer" lines in the Eurogroup rescue offer.

Firstly he says Greece needs additional finance of €82-86bn - which would boost debt to well over 200% GDP.

A "bonkers" prospect, he exclaims.

Secondly, Greek banks need additional capital of up to €25bn to absorb losses from the implosion of the economy - caused by forced bank closures.

And thirdly, if a deal is not reached, Greece would be offered "swift negotiations on time out of euro, with possible debt restructuring".

https://twitter.com/hendopolis/status/620326606024896512

:-)

short is not the positon to be in, so i hope you're not

Long at 6646 and now out and all square.

Short squeeze!!!

not me - could be a real yoyo day :-)