Market Position: Sterling / Dollar below $1.4350 Risks $1.40 Again Cairn Energy (CNE): 235p 2015 Price Channel Target It has been the case for quite some time that Cairn Energy shares have been on my radar as a possible extended bullish situation. Unfortunately, for much of the past year and a half conditions for this…
Market Position: Euro/Dollar Likely Top towards $1.1050 Antofagasta (ANTO): Initial 200 Day Line Bull Trap It may be said without fear of contradiction, that the stocks which have been hauled in today are very much the more difficult of their respective classes. In the case of Antofagasta we are looking at a situation where we…
Market Position: Break of $35 Opens Up $43 on WTI Crude Berkeley Group (BKG): Questioning the Bull Argument? While of course on a fundamental perspective it can be said that the housing market and housebuilders are supposed to be a one way bet, housebuilders shares are not looking so sprightly. The latest developments here on…
Market Direction: Gold above $1,250 Targets $1,340 EasyJet (EZJ): Higher Low Suggests 200 Day Line It may be said that it has been a rather rocky ride of late for shares of EasyJet, with the obvious benefits of the low Crude Oil price not quite delivering quite the type of high octane bull run that…
Market Position: Front Month WTI – $35 Still Key Resistance Aggreko (AGK): Gap through 50 Day Line towards 1,200p It really has been a long process of recovery in the recent history of Aggreko. But after many months of rehabilitation it can be seen how the bulls look to be on the front foot again.…
Market Position: Nasdaq 100 above 4,200 Still Targets 4,400 Plus ITV (ITV): Dead Cross Disappointment One of the things that strikes a long in the tooth stock market observer is that way that companies approach their investor relations, or not. What we tend to have right across the board from the minnows to the blue…
Market Position: Euro / Sterling – Above 77.50p Targets 80p Barclays (BARC): 2015 Price Channel Target at 140p Perhaps the first point to observe about the aftermath of the update from Barclays that while the dividend was cut on impairments and profits were squeezed, rival Lloyds Banking (LLOY) saw a £2bn special dividend payout. Given…
Market Position: Gold above $1,220 Targets $1,300 Morrisons Supermarkets (MRW): 2015 Triangle Target towards 220p Until today, you might be forgiven for thinking that Northern focused grocer Morrisons, and tech stock hero retailer Amazon (AMZN) were at opposite ends of the retail sector. In most people’s minds, the former represents the 20th century and the…
Market Position: Pound/Dollar below $1.41 Risks $1.36 RBS (RBS): Fundamental Collapse It may be conceded that at the time of the financial crisis eight years ago it seemed like a good idea to bail out or merge UK High Street banks. After all, the credibility of the UK financial system as a world centre for…
Market Position: Dax above 9,090 Targets 9,790 Lloyds Banking (LLOY): Buttering up Shareholders I am not sure whether after some seven years in the wilderness, shareholders of Lloyds Banking finally have a warm and fluffy feeling regarding the aftermath of the shotgun wedding between it and HBOS. This was clearly the work of the saviour…
