Market Direction: Dollar/Yen Rebound towards 111 Barclays (BARC): Possible Support Zone The current technical position on the daily chart of Barclays is interesting in the sense that we are on something of a knife edge regarding the technicals. This is said on the basis that while there is a higher low for the start of…
Trade management is a bit like flying. Things mostly go wrong on take-off or landing. To some extent opening a trade is less problematic. After all, you don’t actually have to make a decision at all. If you don’t then nothing happens: you simply miss the trade. Exiting a trade is the more critical because…
One by one, for whatever reason, companies are packing it in on AIM. They have had enough of the cost and, above all, they note that the investing public has lost interest and is in practice still losing interest. The effect of the delisting is that typically punters are left with no market by which…
As I have been telling anyone that I can buttonhole at drinks parties for some time, we are living in the age of Alice in Wonderland Economics. Alice in Wonderland Economics is the weird world where investors, such as pension funds, pay to lend to governments which are crippled by debt. (Germany, Japan, Denmark and…
Over the last few months we have witnessed a series of presidential primary elections and caucuses to determine which candidates will represent the Democratic and Republican parties (among others) in the final stages of the US presidential race. The last few months have been not only a time for reflection about economic, political and social…
In the words of Bob Dylan, ‘the times, they are a changing’ Sitting through Donald Trump’s speech after the results of the Indiana Primary, which saw the withdrawal of Ted Cruz (who, like someone else, also has eyes like Caligula) and the triumph of Donald Trump himself, I pondered how the world had changed and…
Market Direction: Euro/Sterling above 78p Points to 83p Capita (CPI): Bullish Falling Wedge Capita can be quite fairly described as a second line FTSE 100 stock, but this does not mean it cannot be enjoyed as a decent charting/technical trading prospect. The present position on the daily chart underlines this idea given the way that…
So, they finally mustered the courage to do it! The €500 note will no longer be produced in the Eurozone, in order to “fight illegal activities and terrorism”, the ECB claims. But, behind that false moralising lies a bigger plan to scrap cash and force people to depend ever more on banks for their money.…
The launch of Terry Smith’s Fundsmith Emerging Equities Trust (FEET) in June 2014 attracted a huge amount of interest, but the shares are now trading just below the issue price of 1,000 pence. Despite the disappointing start, Smith has recently said that he expects it to outperform his highly successful Fundsmith Equity fund over the…
Beximco Pharma (BXP) today announces first class results for the year ended 31st December 2015. The cash and stock dividends are confirmed. What is particularly striking is the 68% increase in export sales and acceptance by the US FDA. All is coming to hand. This makes the stock very cheap under 30p. (Style note: I…
