Spot Gold fell to our buying opportunity at 1357/55 & a low for the day expected & held above 1352 to ensure stops were not activated. This trade worked perfectly as we hit the 1374/75 level but the outlook is turning negative. Don’t forget we are in a 9 month down trend & being overbought…
I have been reliably informed by the former editor of Spreadbet Magazine that the assorted Titan Funds – which are his new day job – have got off to a very solid start. This is mildly upsetting given that the “Mir millions” have not yet been deployed there. However, it may be the case that…
“Stevie” At first sight it may have looked somewhat odd when “Stevie” Cohen insisted in hiring Richard Lee in 2009, against the objection of his firm’s lawyers and after receiving a warning from Citadel, Lee’s past employer. It seems Mr Lee was fired within hours of being appointed for a new job at Citadel for…
Risers United Utilities Group, +0.51% United Utilities Group had its “overweight” rating restated by stock analysts at Morgan Stanley in a report issued today. They currently have a $12.20 price target on the stock. Morgan Stanley’s target price points to a potential upside of 14.04% from the stock’s previous close. James Fisher & Sons, +5.16%…
From 6 Aug (almost to the day of the top). We moved to a bearish stance on this blog just over a week ago, having been in the market long enough to realise when it’s time “to leave the last bit to the next man”. The succesion of charts below showing the rotation into US…
RBOB Gasoline has plunged to 290.68. Just below here today we have good support at 288.80 for a buying opportunity as we start to look oversold short term. Exit shorts & try longs with stops below 287.60. A break lower could then target 285.65. Above 291.10 is less negative & could see a move towards resistance at 293.25.…
European markets fell again this morning as traders sat concerned about the impact of a key Federal Open Market Committee due tomorrow. Traders will be meticulously dissecting the minutes with a view to finding out whether the recent spell of positive data from the US will encourage officials to begin with the supposed tapering of…
In my first book on charting, aptly titled “101 Charts for Trading Success” published last year, there was a chapter discussing whether charting or technical analysis could be used to determine whether insider trading has taken place. Sadly for the FCA, this is debateable. In fact, while this form of analysis is useful, I would…
US Treasury Bond prices had one of their biggest moves in recent times on Friday (16/08/13) with the yield on the widely followed ten year bond moving out to 2.83% – a level not seen for over two years according to historical data from Reuters. Moreover, the ten tear bond yield has in fact now…
