Below is an interesting chart from the National Association of Active Investment Managers (NAAIM) which as you can see over the last few years has proved to be a good indicator as to where the S&P 500 is likely to go in the short – medium term (1 – 3 months) and that, for spreadbettors…
Firstly, I have to declare a not too small long position in EMED at 12p – held for over 2 years and with no leverage. The stock is currently priced largely at the same level as 2 years ago. Why have I held this share for so long, through such a volatile market for small…
The FTSE 100 closed Friday at 5,663, up 1.6% on the week. The Dow Jones Industrial Average finished Friday at 12,772, down 0.8% for the week. The S&P 500 closed at 1,355, lower by 0.6% lower for the week. The Nasdaq Composite Index closed at 2,937, up 0.1%. Oil (WTI) dropped $3.1 to $84 and…
NFP day yesterday. Unfortunately I was away from the computer when it all kicked off as I have a day job (worse luck!) and my clients were pestering me (double worse luck!). I swear when it starts costing me more to go to work I’ll jack it in and become a full time trader. Today…
Is it me or are the charts above telling me something?
The Spanish 10 year bond yield has tested and broken through the key 7% level today; this is not a good sign for the markets and doesn’t bode well for the Spanish Index. The Ibex has fallen back over the last two days from the highs of 7200 in the face of strong economic headwinds…
UPDATE – In excess of 5% of the company’s stock turned over so far and, we understand, working buyers in the background. This type of volume is generally always the precursor to news (seems the FSA just cannot crack down on leaks no matter how hard they try, someone is always looking to trade…
For more trading insights and exclusive access to FatProphets Virtual Trading Room for a full month click here Market action overnight was mixed but the announcements which could determine the direction of equity markets for the remainder of this year were anything but. What was highly significant in my view was the co-ordinated action by the central…
The closely watched June U.S. non-farm payrolls employment data will be released at 1.30 pm UK time, with expectations that the economy will add 100,000 jobs. The data disappointed markets when it missed estimates in April (+77,000 jobs) and in May (+69,000 jobs), sending the global stock indices down signficantly over the following days. Yesterday,…
