Given markets spend more time going up than down, once a bull market is established nay-sayers start to creep out of the woodwork and there’s continually more and more talk of market failure, and statistically, sooner or later, it’ll be right. Of course, if that’s simply based on the same sort of ‘finger in the…
In the wake of the BHS and Austin Reed collapse, who else could be in line for failure? BHS should probably have gone bust in 2008/9, but low interest rates have allowed zombie companies to thrive, or at least give the impression of thriving, and this in turn has cost us a lot of start-ups…
Market Direction: WTI Crude above $42 Points to $48 Fresnillo (FRES): 1,320p 2015 Price Channel Target To use the old futures markets term, it can very well be said that the FTSE 100 contingent of the mining sector has been and remains in “limit up” mode. This is certainly seen on the daily chart of…
Market Direction: Gold Breakout towards $1,350 BT Group (BT.A): Range Trade Opportunity The bad news is that BT Group is raising landline costs, something which is all the more irksome for those who, like myself, are only interesting in an internet service rather than a phone line. The good news though, looks as though it…
I went past a florist yesterday. They had some sort of qualification in floristry which was bragged about in the window. It didn’t seem to include how to tidy up a florist shop. Being a florist though, it’s just flowers unplugged isn’t it? I was never a big fan of unplugged music. It seemed to…
Market Direction: Euro/Dollar $1.15 Back In Focus ITV (ITV): Initial Sub 220p Support Shares of ITV have been both interesting and difficult to get a handle on from a technical perspective over the recent past, with the latest gap to the downside underlining the issues facing those attempting to make money out of the price…
Market Direction: Crude Oil above $42 Suggests as High as $55 International Consolidated Airlines (IAG): Above 50 Day Line Targets 570p The usual message in charting is that the worse the trap, the bigger the subsequent move in the opposite direction. This is what we expect to see at International Consolidated Airlines, where there has…
Lefties are constantly on about how trickle-down economics doesn’t work. You introduce money into the economy and the idea is that it works its way down to the man in the street. Sounds a lot like Keynes’ Multiplier Effect to me. A lefty policy to introduce money into the economy which creates economic activity. You…
Market Direction: Pound/Dollar above $1.45 Could Stretch to $1.50 BP (BP.): Above 200 Day Line Targets 410p Although it would be pleasant to suggest that Bob Dudley should be paid the multi millions in salary he had been wanting, if nothing else it is clear that in the wake of the Deepwater disaster and the…
Market Direction: Gold Back near $1,220 Support BAE Systems (BA.): Range Considerations What can be seen on the daily chart of BAE Systems currently is the way that it is possible to draw a mildly rising trend channel from as long ago as September last year. However, even without the extra annotation it is relatively…
