In the past few weeks we have highlighted how the FTSE has broken through its previous bullish trading channel, red region. We mentioned at the time however that a trend line break does not necessarily equal a trend change, and that often a period of consolidation occurs following a break of this nature. Consolidation areas…
3 Dec 2012 Cantor Opening Call The FTSE is called start the week around 10 to 15 points higher UK Corporate Announcements Balfour Beatty ahead of its Investors Day today states that it is implementing plans to access Brazil and India and that it is developing positions in South Africa, Australia and…
Monday, December 3, 2012 UK Reporting:- Balfour Beatty Plc, BBY, (SM), Bp Plc, BP, (SM), Glaxosmithkline Plc, GSK, (SM), Henderson Fledgling Trust Pl, HFT, (SM), Randgold Resources Ltd, RRS, (SM), Wpp Plc, WPP, (Pr) S&P 500 Reporting:- None Detailed Euro Stoxx 600 Reporting:- None Detailed Economic Data:- 09:00 November PMI Manufacturing, 46.2 exp. 46.2 previous 09:30 UK November…
I think it’s fair to say that both the best thing and the worst thing about the mining sector is that it enables you to stress test your technical analysis/trading techniques. We can see this theory put through its paces in particular with Eurasian Natural Resources (ENRC). Even though we have a deep 2012 downtrend,…
Watch the fifth episode of Trading Academy now! Still reeling after the explosive ending to episode 4? Can’t wait to see what happens next? After a turbulent meeting in the boardroom at the end of episode 4, the next thrilling instalment of Trading Academy is upon us. The remaining traders are now hurtling their way towards…
Given the deathly environment in the Oil Explorers sector at present, we thought it useful to look back at what we said about our picks during the summer to see if the circumstances that underpinned the ideas then still apply. Beneath each company below is the original text with our updates in bold. Gulfsands Petroleum…
I have long been a huge critic of the Bank of England, writing many posts about during the now long forgotten bubble suggesting that interest rates rises were warranted all the while watching King and his band of merry man continue to pump the bubble and then ultimately seemingly having no idea on how to…
After hovering between 250p & 280p for weeks the volume in BUMI this afternoon and in particular into the closing auction caught my eye – almost 1m shares uncrossed and the stock closed at 268p – just under the high of the day and above then then VWAP by quite a margin (one of the…
Muddy Waters Carson Block Muddy Waters, the infamous US short seller headed by Carson Block and which was instrumental in causing the bankruptcy of the $6 billion bogus Chinese forestry company Sinoforest, listed in Canada, in May this year, is at it again. Block alleged in June 2011 that Sinoforest was operating under a smoke…
2012 has been yet another tough for those who like to trade the FTSE. The blue chip index is up just 5% YTD and has lagged the US markets in particular that have produced double digit returns so far. Much to the chagrin of trend followers (and in particular the likes of Man Group with…
