10 Market Direction: Dax Bullish Divergence Targets Back Towards 10,000 Barclays (BARC): Heading Below 150p Something we have grown accustomed to since the beginning of the 2000s is the way that dips below 6,000 on the FTSE 100 are dips to buy into, with the typical pattern being a quick decline below this zone lasting…
Market Direction: Above 116.50 Targets 122 on Dollar / Yen EasyJet (EZJ): Death Cross It used to be the case in the days of the old flag carriers that the business model was not a good one. However, with the advent of the discount carriers, and their “treat ‘em mean, keep ‘em keen” approach to…
Market Direction: Above $1.40 Targets Back Towards $1.45 for Cable BT Group (BT.A): Bear Trap Reversal Leads to 530p BT Group is a stock I have been stalking for a number of days, and had meant to write up mid week last week. It is perhaps just as well that I did not, given the…
Market Position: Below $1.0828 for Euro / Dollar Risks Under $1.06 BG Group (BG.): Still Boosted by Shell I do not think I have charted shares of BG Group since the announcement last year that it was to receive salvation from fellow sector giant Royal Dutch Shell (RDSB). Unfortunately, the problem with almost any M&A…
Market Position: Gold Above $1075 Targets $1150 Pantheon Resources (PANR): Risk of Further Correction Pantheon Resources was certainly the exception that proved the rule as far as oil & gas stocks being in the doghouse off the back of the plunging Crude Oil price. The big pitch for bulls of this company was and is…
Market Position: Below 5,800 on FTSE 100 Risks Towards 5,000 BAE Systems (BA.): Safety in a Sin Stock? With the geopolitical position appearing to be as precarious as it has at any time in the recent past, one would suspect that our friends in the aerospace/defence sector should enjoying life at the moment. This is…
FTSE 100 Stocks HSBC (HSBA): Exposure to “Submerging Markets” Having missed out on the worst of the effects of the Global Financial Crisis, HSBC has gone from being the exception that proves the rule as far as the UK banking sector is concerned, to being on the back foot almost as much as the worst…
BHP Billiton (BLT): possible wedge reversal to 700p zone While looking for a floor in shares of BHP Billiton has been neither a wise nor a fruitful exercise in the recent past, it may be that after the latest writedown and the fresh lows on the FTSE 100 we have a bona fide bargain hunting…
The banking sector has frustrated and outraged in equal measure over recent years. From the moral hazard of saving those who had bet the farm on earning bonuses via casino banking, to the bonuses at loss making institutions to the Libor, PPI and FX rigging, there has apparently been no stone unturned in terms of…
It would appear that the past few weeks have taught us many things in the worlds of politics and finance. One of the these is that the “chillax” approach to Government employed by David Cameron was enough to not only keep him in power, but actually to increase the margin of victory. Indeed, it seems…
