Market Position: WTI Crude Oil below £$35 Still Targets $25 Barratt Developments (BDEV): Key Support Zone towards 550p It is always interesting to see the explanation of a surprise sharp move to the downside, which in the case of the FTSE 100 today was “global growth fears”, or alternatively, “the market is down, and we…
Market Position: FTSE 100 above 5,950 Back to 6,115 Persimmon (PSN): Bear Trap Targets 2,270p Given the way that the housing market is one of the pillars of prosperity for the Cameron / Osborne administration, it is hardly surprising that housebuilder Persimmon has been going from strength to strength. This has been backed by such…
Market Position: Sterling/Dollar below $1.44 Targets $1.40 BT Group (BT.A): Above 450p Still Points to 520p One of the alleged benefits of joining the EU, apart from the free trade, passport free travel and saving money on a single currency, was the idea that much of the “rip off” Britain issue would be addressed. Of…
Market Position: Gold above $1,190 Targets $1,260 Initially Morrisons (MRW): Broadening Triangle Targets 220p It can be said that it is bad enough that the FTSE 100 has gone nowhere for the best part of 20 years; but perhaps the worst aspect for investors, both long and short term, is the way that not only…
Market Position: Nasdaq 100 Above 4,050 Targets 4,350 BAE Systems (BA.): 200 Day Line Gap Reversal Targets 540p Initially It would appear that bad times are good times for the aerospace & defence industry. What has also been interesting is the way that private investors have been glued to the movements of BAE stock, if…
Market Position: Euro / Dollar Test of $1.1050 Zone Due AstraZeneca (AZN): Bear Trap Back to 4,600p It is in the very nature of the game that drugs companies of all shapes and sizes have a rather rough ride in general, as they attempt to trial and then deliver new drugs. Luckily for the big…
Market Position: Dollar / Yen below 115 Targets 111 Anglo American (AAL): A Denial Situation It is just as well that I have absolutely no belief in the Credit Agencies, such as Moody’s and S&P, or I would probably have an even more negative view of Anglo American than I do currently. The problem here…
Market Position: FTSE 100 above 5,790 Targets 6,100 HSBC (HSBA): Intermediate Recovery Anyone looking to be cheered up after a less than satisfactory Valentine’s Day need look no further than the ugly contest between HM Government, largely in the shape of George Osborne, with his Anrtonio Banderas hairstyle, and HSBC (HSBA), the world’s local money…
Market Position: Sterling / Dollar above $1.4350 Targets $1.48 Glencore (GLEN): Above Latest Gap Could Lead to 140p I have to admit that I feel a little disappointed by the recent recovery at Glencore. To give you a clue as to my stance on the company, it is one that I refer to affectionately as…
Market Position: Gold above $1,232 Targets $1,300 Rio Tinto (RIO): The End of the Progressive Dividend Policy While it may be somewhat unfair to suggest that Rio Tinto’s management have been somewhat behind the curve with regard to their fundamental strategy, there was rather little in the way of forward planning here – especially as…
