Stocks Making New Highs: The chart below shows the five-day average of the percentage of stocks at new annual highs, with the S&P 500 overlaid. We can see that in 1997, the percentage of stocks at new highs reached well over 10% before collapsing in 1998 during a market pullback. However, the market quickly recovered and…
25 Feb 2013 Cantor Opening Call The FTSE is seen starting the week up around 20 points UK Corporate Announcements Bunzl states that the prospects for the group are positive and states it is in talks with a number of potential targets, as it reports a full year pre-tax profit of £323.9m Pearson…
The chart below is what is called Put:Call option skew – it is a measure of how much more expensive out of the money puts are relative to the same out of the money percent move calls – to many, this is the real “smart” money. We can see that Puts are currently 1.8 times…
The FT reports today that City Index is selling its US retail FX business. The division has been a relatively small revenue generator and this is being done in order to free up around $30m of encumbered regulatory capital. With the pound hovering around $1.50, now is a very prescient time to repatriate dollars too.…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. Monday, February 25, 2013 UK Reporting: Afren Plc, AFR, (Pr), African Barrick Gold Plc, ABG, (Pr), Associated British Foods Plc, ABF, (R), Barclays Plc, BARC, (SM), Bovis Homes Group Plc, BVS, e, (CC), Bovis Homes Group Plc, BVS, (R), Bunzl Plc,…
It has been an intriguing past 24 hours for this financial markets blogger. Thursday witnessed my first ever trip to the fine city is that is Leeds, Yorkshire, the heartland of the editor of Spreadbet Magazine. The itinerary consisted of a trip to a very traditional cosy pub (suitably cold weather was all enveloping) followed…
My blog this week is not such a hard call to make, the loss yesterday of the UK’s AAA rating, in this instance a downgrade by Moody’s to Aa1, will have some very predictable effects. Firstly, both the other main agencies are likely to follow suit as the UK is presently on negative watch and…
We began buying silver earlier this week – a little too early in hindsight but, as the saying goes, “nobody ever rings a bell at the top or the bottom”. As we shake out the last short term bulls and revisit the lows this week, we take the opportunity to add extensively to the position…
Contrary to many market commentators assertions, and also the headline unemployment figures that the US authorities are putting out, jobs creation in the US is still extremely lacklustre. The great financial crisis actually doubled unemployment in 2 short years – testimony indeed to the severity of what the US economy faced and although it has…
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