European markets opened cautiously today as a deadlock between politicians over a compromise regarding the US debt ceiling continued to weigh on investors’ sentiment. Although most investors believe that a deal will be reached by the 17th October deadline, investors are still concerned with the impact their portfolios are likely to take in the meantime. …
The DJIA pattern today looks very similar to that seen in 2011. (Daily) After a 2010-2011 surge helped by QE2 in November 2010 (A move that was guided since August that year) the DJIA peaked with a head and shoulders formation completing in early August 2011(02 August break) at the same time as a break below the…
By Filipe R. Costa While the battle between Obama and the Republicans over the Federal Budget rages, investors around the world appear remarkably sanguine. After all, they’ve become well used to the “all-in” political bluffs of this game, which always result in last minute “folds”. Unlike in 2011, when the deficit ceiling debacle led to…
Zak Mir FTSE100 Analysis Classic rising 200 day moving average bear trap rebound buy signal so far from below 6,400. One of the relatively rare/solid buy signals one would expect to see over a 12 month period for a stock or market. November price channel floor at 6,400 – above which targets towards 6,800 initial…
Risers: Fresnillo, +1.42% Shares in the precious metals mining company have risen more than any other constituent within the FTSE 100, albeit on a particularly slow day, after analysts at UBS raised the company stock rating from “neutral” to “buy”. Petra Diamonds, +2.06% Diamond Mining Group – Petra Diamonds – has announced today that it…
Euro equities open lower this morning European equities have opened lower this morning on news that US lawmakers have failed to make any agreement over either the shutdown or the debt ceiling over the weekend. And risk assets are likely to keep hurting the longer this goes on, perhaps presenting an opportunity to those who…
By Ben Turney. I am increasingly exasperated with London’s Alternative Investment Market. It’s broken. There are no two ways about it. AIM’s structural faults are so obvious that I cannot see how it will possibly last in the long run. I, for one, will perform a delighted little jig on its grave, when it eventually…
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Fund Managers View Well, it was certainly an eventful quarter in the precious metals arena! As we entered July, both Gold and Silver had been plumbing new 3 year lows below $1200/oz and nearing $18/oz respectively. All the talk was of gold likely hitting $1000/oz and silver going down to $15/oz. As ever, with the…
1) Anchoring & Adjustment: This combination occurs when initial information unduly influences decisions by shaping the view of subsequent information. Once the “anchor” or initial information is set, there exists a bias for interpreting other information around the anchor. Car salesmen frequently use this tactic when presenting an initial sales price, making the subsequent negotiated…
