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10 HANDLE RULE

Over many years of watching the S&P we believe that the S&P often move in 10 handle increments.  For example, the S&P may open at 1194, trades up & down & all around.  By mid-morning it makes a low of 1188 area. The equities then proceed to retest THAT 1194 area and slowly trend higher throughout the midday (to our previously mentioned resistance area) 1198 (1188 + 10) area. That is when the 10 handle tendency / rule goes into effect. Often times the S&P market will reverse as a bit of an exhaustion takes place. This depends on the level of program trading but at each 10 handle move there tend to be a bounce or even a low made close to the level. This works in reverse on the upside.

The following table lists Britain's major retail banking groups (separate licences) in terms of the percentage probability that your deposits above the UK compensation limit of £85k and Euro-zone banks 100,000 (current £/E £86k) would be secure in the event of a series of euro-zone debt defaults starting with Greece and that the crisis is contained to these smaller peripheral euro-zone countries i.e. Greece, Portugal and Ireland, if Spain comes under real risk of default then that would require a revaluation of this list as banks such as Santander would come under far greater pressure given exposure to Spanish government debt.

But the jests stopped about six months ago, when the Yahoo Inc (YHOO.O) co-founder and former CEO put away his golf clubs and began showing up on a daily basis at the Internet company's headquarters in Sunnyvale, California, according to a high-ranking Yahoo executive.

Now, Yang is interested in a deal with private equity firms that would take the $20 billion (12.8 billion pounds) company off public markets, according to people familiar with the situation.

Oh and check this out for a random cool idea :p