Market Position: Euro / Dollar above $1.12 Still Targets $1.16 Prudential (PRU): Possible February Resistance Retest One of the more cruel aspects of the stock market over the past year is the way that the emerging markets, and particularly the Far East, have switched from being something for which it is good for companies to…
Market Position: Dollar / Yen 105 While Below 115.50 ITV (ITV): The End of the Downton Abbey Effect One of the themes of the recent past as far as UK stocks are concerned is the idea that one should go for domestic focused entities, well away from the increasingly toxic financial area or, of course,…
Market Position: FTSE 100 Targets 5,600 While Below 5,800 ARM Holding (ARM): A UK “FANG”? One of the bigger disappointments for the UK stock market in recent years is that our technology plays have never matched up to what has been seen in the U.S., with no equivalent of the so called FANGS companies. This…
Market Position: Gold Targets $1,200 above 200 Day Line BP (BP.): $60 a Barrel Forecast Saves the Day Although I have to admit that I do not think there is a snowball’s chance in hell of the price of Crude Oil getting back to $60 as BP has suggested, the market seems to believe that…
Market Position: Euro / Dollar Breakout towards $1.15 Carnival (CCL): January Top Risks 2,800p It seems appropriate to look at travel stocks, given the way we have the double fundamental issues of the ongoing oil price plunge, and the emerging threat of the Zika virus, a phenomenon which looks to be something of a fait…
Market Position: Below 5,900 Risks 5,600 on FTSE 100 Hargreaves Lansdown (HL.): Withstanding Bear Forces It would appear that there are some things in life that are certain. Death and taxes – the latter even for Google – and for financial services provider Hargreaves Lansdown, the ability to withstand the vagaries of both bull and…
Market Direction: Above 50 Day Line Targets $15.50 for Silver AB Foods (ABF): Above 200 Day Line Targets Towards 3,400p Initially One of the great mysteries of our age is of course how Jeremy Corbyn became Labour Leader. The other is how AB Foods continues to operate as a weird combination of a sugar producer…
Market Direction: $1.08 – $1.10 Range Remains on Euro / Dollar Glencore (GLEN): 50 Day Line Reversal Zone It has to be admitted that I am not the world’s greatest fan of Glencore. The whole stock market history of the company is not exactly one that warms the heart (or, indeed, the bank balance). The…
Market Direction: Above 4,100 Leads Back to 4,500 on Nasdaq 100 Imperial Tobacco (IMT): Price Channel Target as High as 4,000p Although it may be the case that on a fundamental basis shares of Imperial Tobacco may appear to be a little too 20th century for some, the trend on the daily chart does look…
Market Direction: Front Month WTI Crude – Above $30 Targets $36 Anglo American (AAL): Wedge Breakout Implies Return to 314p The sad story of the mining sector in recent months and years is that it really has not been an area for widows or orphans to participate in. The trick here was clearly to work…
