And so the US second quarter earnings season kicked off with a mixed story from aluminium giant Alcoa. Earnings and revenues beat expectations, with rising shipments giving some reassurance about global demand levels for this key industrial metal. Although Alcoa lost money in the second quarter with aluminium prices dropping 18% from the same period…
A new traders worst case scenario happened today. Emotions were not under control and I found that the trades that I had stretched myself on were continuing to going against me. A feeling of being out of control crept in and so I closed everything. It may have been the best thing to do and…
FTSE 100, Monthly, OHLC This report will continue to focus on the Monthly, Weekly and only then the Daily charts. The monthly timescale naturally takes the long term view so the commentary in this section will only be updated as when market events dictate. So regular readers of this report will only need to read…
After Friday’s large rise, Cameroon focused oil explorer, Bowleven fell back to earth today with a 12% drop to 62p. Rumours were rife of another potential takeover bid after the aborted talks with Dragon Oil earlier in the year fell through. No sign of any announcement at the start of the week sent the speculators…
Aluminium producer -Alcoa’s results after the US market close tonight signal the start of the second quarter 2012 earnings season. Plenty for investors around the world to digest as many of the world’s biggest companies give some insights on how the eurozone crisis and slowing Chineseeconomy is hitting their bottom lines. Not only is Alcoa…
On Friday the US Labor market continued to show signs of struggling with the jobless rate remaining at 8.2%. No US President has been re-elected to office when the unemployment rate has been above 8%, so Obama will have his work cut out for him in what is likely to be a make or break 6…
A bit of a re-tracement in Bowleven this morning with the stock currently down 10% at 64p and probing the lows of the day in unison with a moribund market backdrop. Deathly silence out of the Company considering all the weekend press speculation and also the near 7% of the company’s entire equity changing hands…
We covered Ceres Power in the last edition of our magazine as part of the “5 potential 10 baggers” feature (click here, page 16 – http://issuu.com/spreadbetmagazine/docs/spreadbet-magazine-v6_generic) which included a short interview with David Pumell. The company, although sat with around £14m cash at present, does require funding by around £40m through to 2016 – the…
Reasonably bullish signs have emerged in the price of Crude Oil, the latest chart signals seem to indicate that support at 2 year lows near $76-$77 per barrel has been found. Not only was price support tested, but slowing momentum was obvious in the form of a long-term positive divergence. It is always good to…
The Wall Street Sentiment Survey is unique in that the poll is taken on Friday after the market closes, and it asks participants for their forecast for the following week. This differs from other polls that take opinions through the week during periods when the market is active and changing. Last week’s survey results (June…
