Market Direction: Euro/Dollar above 10 Day Line Targets $1.16 International Consolidated Airlines (IAG): Above 50 Day Line Targets Range Highs While we are looking at the financial markets and attempting to work out what the next major move may be, it seems wise to look at individual stocks within the FTSE 100, marooned as it…
Market Direction: Euro/Sterling above 50 Day Line Targets 83p Sainsbury (SBRY): M&A Is Supportive So it is all agreed: a recommended offer for Home Retail Group is costing Sainsbury £1.4bn. It might have been said by some – myself included – that one of the UK’s larger grocers could have made moves to create its…
You may recognise the line “got to keep the loonies on the path” from Roger Waters’ excellent lyrics for Brain Damage on Dark Side of the Moon. A still classic album where Roger’s own description of the lyrics, “very Lower Sixth”, sells short the fact that he managed to sum up the human condition in…
Market Direction: Sterling/Dollar Range under $1.4450 Carnival (CCL): Triangle Breakout Targets 3,955p Carnival has of course been a decent play on the price of Crude Oil and geopolitical concerns, both of which have added to the volatility of shares in the cruise operator in the recent past. This is expected to continue to be the…
Market Direction: Gold, Bear Trap from below $1,220 Capital & Counties (CAPC): Ongoing Consolidation Capital & Counties is a stock which is not necessarily the first that comes to mind as a trading opportunity situation in either direction. However, it can be seen from the daily chart of this company how there has been a…
Market Direction: Australian Dollar above 0.74 Targets Towards 0.82 AB Foods (ABF): Run Up To Golden Cross Although it may appear obvious to some – myself – that Primark to sugar producer AB Foods should spin off its discount fashion group, so far it is seems that the company is happy to rest on its…
It was Gandhi who said “be the change you wish to see in the world”. Taking his advice I’ve vacuumed up all the spiders in my house this morning: I want the change to be no spiders in my house, and there have been loads. To be fair his earlier advice had failed miserably. It…
Market Direction: Gold below $1,230 Risks $1,190 BAE Systems (BA.): Above 50 Day Line Targets 570p BAE Systems is a stock which continues to be one of the most viewed by private investors – in terms of them wanting to check where the share price is. This places it above the likes of the High…
Market Direction: Canadian Dollar above 1.30 Targets 1.35 Carnival (CCL): Triangle Break Leads to 3,800p Cruise operator Carnival has basically been an inverse play on the Crude Oil price in recent months, but with an added spin of factors. These have included, in no particular order, the Zika virus, terror threats and recession fears. Although…
Uncertainty is a theme I’ve been writing about quite a lot lately. There’s plenty of it about, and it creates volatility, and as a result, trading opportunities for us. We will have an unusual state of affairs over the next three months until the result of the Brexit referendum is known by the electorate, and…
