– The FTSE 100 closed the day at 6,234.11, an increase of 96.51 points. – The FTSE 250 rose by 104.03 points to finish at 17,065.87. – The FTSE All Share climbed by 45.83 points to 3,426.75. – The FTSE AIM All Share finished at 737.63, up by 0.93 points. UK wages rose at their…
It’s a strange existence when you’re focussed on trading. Rather like a soldier has to dehumanise his enemy to be effective, we have to distance ourselves in a similar way to be objective. I got all excited yesterday about seeing some shops closed because it’s another brick in the wall of market failure. If you…
By Glenn Martin This is the fourth in a series of seven articles drawn from my new book, 7 Successful Stock Market Strategies. The focus of these strategies is successful long-term UK equity investment. In this article I explain a technique for limiting the impact of market crashes. The technique uses market momentum, which measures…
Way back in the early spring, Arm Holdings, the Cambridge ‘chip’ (semiconductor) company met the big ‘OR’ of overhead resistance. It tried to break through the 1,200p level on several occasions but unlike the panzers in the Ardennes, in the 1940 battle for France, it did not pull it off. Having failed to get into…
Glencore (GLEN) may have raised £1.6bn at 125p thus inducing the market to judge that 125p is a floor. I doubt it. Ocado (OCDO), 317p, shows no sign of getting anywhere near justifying its current capitalisation. For a long time the price was held up by the notion that Amazon would bid. But it was…
Today here’s one of my Technical Workshop Analysis Tuesday posts or TWAT for short. It’s part of a series of about one million articles to undo some of the damage done by sub-standard private investor training in the UK! If you go on one of these courses you’ll be told about some strategy by someone…
Exclusive: Glencore in Talks over South American Copper Mines Glencore is in talks with Silver Wheaton and Franco-Nevada over gold and silver streaming deals on three of its copper mines in South America, according to high level sources directly involved in the process. Negotiations are currently focused on Glencore’s Antamina and Antapaccay copper mines in…
– The FTSE 100 closed the day at 6,084.59, a decrease of 33.17 points. – The FTSE 250 fell by 42.71 points to 16,925.69. – The FTSE All Share dropped by 16.28 points to 3,356.57. – The FTSE AIM All Share finished at 732.06, down by 1.74 points. Defence equipment outfit Chemring (CHG) reiterated its…
There are lots of things that have no bearing on the stock market right now, and Corbyn is one of them. En passant, he poses an interesting question for the Labour party. They now have a leader voted for by a clear majority of party members, but whose politics do not broadly agree with a…
In a fascinating new study of metal prices on the London Metal Exchange, data compiled by Sanford Bernstein analyst Paul Gait suggests that base metals follow an almost boringly predictable seasonal pattern. Gait, who has become best known for his perma-bull stance on copper giant Glencore, has compiled metal price movements for every month and…
