In the last two blog posts I wrote about various approaches to keeping your portfolio safe from Brexit volatility. Obviously the simplest is to Bed & Brexit – i.e. sell before the referendum and buy back afterwards. Each person will have a different cost base though, for instance shares cost more to buy and sell…
Auto Trader (AUTO): Motoring Ahead I have to admit it took me seconds to arrive at the title for the latest analysis on Auto Trader, with “Motoring Ahead” being appropriate not only to the technical position, but also the fundamentals. This is said in the aftermath of today’s full-year results where profit after tax jumped…
Sainsbury (SBRY): “Challenging Conditions” The stock market has a vocabulary all of its own; it is one where the famous Great British understatement usually figures strongly. Luckily, so far this has not been undermined by any EU directives as yet. “Challenging conditions” is one of the classics in this respect, with the main problem being…
As seen in the latest issue of Master Investor Magazine Two things are dominating my fundamental bias in the currency markets at present. The first: the upcoming UK vote as to the country’s membership of the EU. The second: the potential for an interest rate hike out of the US. Both factors have markets at…
Royal Dutch Shell (RDSB): BG: Too Big to Swallow? There were some siren voices who suggested that Royal Dutch Shell’s move on BG Group was akin to that of RBS going for ABN Amro just before the financial crisis. This was especially so on the basis that the deal was signed just before the painful…
Apple (NASDAQ:AAPL): Struggling, Even With Buffett On Board Apple has been on the ropes over the past year, with the disappointment compounded not only by a China slowdown, but also the way the iWatch really was not the groundbreaker it could/should have been. If you factor in the argument that the iPhone maker has not…
Market Direction: FTSE 100 6,150 Has to Hold Barratt Developments (BDEV): Trading Range Break Awaited One of the notable aspects of trading non-resources blue chip stocks ahead of the Referendum vote is that much of the volatility has died down. Indeed, even the FTSE 100 itself seems to have gone into a holding pattern between…
I wrote in my last post about the risks to your portfolio of volatility around the time of the EU referendum. This applies whatever the outcome. In this post I’m going to outline how to use spread bets (or CFDs) for hedging, assuming that, for whatever reason, you don’t wish to close and re-open your…
Market Direction: Dollar/Yen Consolidation Well Below 110 Ashtead (AHT): Wide Rising December Price Channel It would appear that with the daily chart of Ashtead we have a surprisingly robust technical picture. This idea is backed by the way that we have been treated to higher lows, which have been in place since the floor of…
Financial institutions and think tanks are making sure they’ve issued a completely unhelpful and non-committal statement about Brexit. They should stay silent rather than publish superficial comments. This is like that ‘double dip recession’ rubbish many came out with. There is no double dip recession: it’s the same recession, but saying double dip is a…
