DAX ENTERS MATERIAL RESISTANCE ZONE
Courtesy of www.bettertrader.co.uk, click here for link
Courtesy of www.bettertrader.co.uk, click here for link
Nokia is ripe as a $10 billion-plus takeover target for Microsoft. This would be a terrific deal for Mr. Softy. For Nokia too, of course. Whether life follows logic is another matter… In case you’ve been living under a rock, you’ll already know that Nokia, the Finnish cellphone company that once dominated the world, is having an even…
How extraordinary and unexpected are the twists and turns of history! Greece is renown as the seat of a brilliantly successful ancient civilisation, but these days for little else apart from corruption and tourism. According the CIA Yearbook*, Greece is the world’s 41st biggest economy, about the size of Vietnam and Bangladesh. So five or…
After a two day long meeting the US Federal Reserve FOMC (Federal Open Market Committee) decided to extend “Operation Twist” where short dated Treasury bonds are sold in exchange for longer dated bonds. No additional quantitative easing was announced for now, despite worries about slowing US economic growth and so holding the size of the…
There are a few interesting technical developments in the S&P 500 chart using the shorter term 15-minute timeframe that are worth watching as the stock markets continue to digest and discount news and data along the path of least resistance. The chart of the S&P shows the break of the inverse head and shoulders which…
Following on from our very popular blog of May 24th 2012 in which we opined upon the price appreciation potential of a basket of Oil Exploration stocks, it is encouraging to see that our stock picks are beginning to show signs of life. That the spread of stocks was (and make no mistake, still is)…
In another example of the FSA flexing its muscles and applying the full weight of the law upon the pond-life that are City insiders, it is pleasing to see 3 former Directors of the CFD trading house given jail sentences today. They were found guilty of breaking section 52 of the Criminal Justice Act 1993. James…
Comrades, following the disappointing abstentions by the 2 major shareholders at Monday’s EGM which resulted in the sanctioning of the sale of Plus SX to ICap, it is important not to lose sight of the primary issue that now faces us, namely the complete sweeping into the street of Messrs Basing, Theret and the seemingly…
Chariot Oil and Gas has spurted 15% higher to 99p on plenty of rumours of stake building and even a potential take over. No news for some time yet from its next drill. Plenty of volume at over 3 million traded which is somewhat outsized per the chart below. Interesting!
Cash prices 6th resistance 1415 Previous high 5th resistance 1404 Resistance line 4th resistance 1379 Previous support line 3rd resistance 1358 61.8% Fib retracement 2nd resistance 1358 Previous support 1st resistance 1348 Yesterday’s high 1st support 1334 Yesterday’s low 2nd support 1315 55-90min moving average 3rd support 1311 Support line 4th support 1292 200-day moving…