European markets refused to show much signs of optimism today as investors pondered the next outcome of the continuing battle between the US President and Congress. Despite the dispute, the markets are still expecting an agreement to be reached by the 17th of October deadline. Thus, at the moment, it seems politicians are using this opportunity…
By Zak Mir. Chart summaries and key points Northern Petroleum (NOP): False dawn recovery risk Support Above 50 day moving average Upside through 40p at best seen currently Condor Gold (CNR) Post July bull trap recovery August spike through 50 day moving average July price channel target as high as 160p plus Vatukoula Gold Mines…
By Investment Contrarians It’s that time again. As we move into the always interesting month of October and fourth quarter, I expect some surprises are in store for us in the stock market, as was the case in previous years. The big difference is that the stock market has already made some strong gains, so…
By Zak Mir. While the world waits to see whether or not U.S. government departments will shutdown, it is perhaps a better idea to look at what really matters in life. And what could matter more than the current share price of Gulf Keystone (GKP)?! GKP is a stock, where use of the conditional tense…
By Filipe R. Costa During the last five years, all it seems we have read about are austerity measures, fiscal consolidation, expense cuts, increasing taxes, international creditors and debt covenants. The European Sovereign Debt crisis certainly brought this issue to the fore since 2010, as Greece, Portugal and Ireland received the first, of what would…
When I first started to look at the stock market several decades ago, my primary analysis was based on the market fundamentals and how well companies were doing. Now it seems like it’s all about the Federal Reserve, and government debates on the debt ceiling and where to cut and find money to balance the…
Risers: Barratt Developments, up 2.2% Barratt Developments raised to overweight from neutral by JPMorgan Cazenove. The majority of UK house builders traded higher this morning after prime minister David Cameron’s announcement that the second part of the government’s “Help to Buy” scheme will launch next week. Shares in Barratt rallied the most in early trading…
By Investment Contrarians Two lines from the song “For What It’s Worth” by Buffalo Springfield pretty much sum up what we are seeing on the key stock indices here in the U.S. economy: “There’s somethin’ happenin’ here/What it is ain’t exactly clear.” There is too much noise out there: some are saying key stock indices…
Equity investors find themselves attacked on more than one front this morning, with the U.S. budget, Italian politics and China being reason enough for an early run to the exit. Shares across Europe are set to open significantly lower in light of the developing news flow. While this combination of news flow is concerning, the…
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