Market Direction: Dollar/Yen: Break of 112.50 Risks Sub 110 Coca Cola HBC (CCH): Imminent Breakout Expected It may be no surprise that the present charting position of Coca Cola, the Dow constituent, has hit the top of its recent trading range and is threatening to break higher. As for the UK bottling group equivalent, we…
During a lifetime there are bound to be times when normal rules don’t apply. We’ve been very lucky in the developed world that our leaders have managed to export war, and, for the most part, civil unrest more or less completely since the war. However, that is a situation that, should we apply the risk…
What a week last week was. The Tories voted to cut disability benefits by £30/week, yet the back bench revolt prevents the liberalising of Sunday trading hours because apparently, in the House of Commons at least, it’s still 1950. To be fair it’s Labour that has the Keep Sunday Difficult campaign. Make Sunday a day…
Market Direction: Sterling / Dollar Above $1.42 Targets $1.46 Aberdeen Asset Management (ADN): November Price Channel Target At 380p While the FTSE 100 seems to be somewhat bogged down under 6,200 – presumably pausing given the event risk this week on the economic / central bank front, it seems to be the case that there…
Market Direction: S&P 500 Above 200 Day Line Targets 2,100 BAE Systems (BA.): 560p June Price Channel Target I have to say that I find it interesting how day in, day out, BAE Systems is one of the most looked at share price quotes on the London Stock Exchange. This is over and above the…
Some sales people came to my door once when I was having a party. They had clipboards and I’ve no idea what they were selling. I only opened the door because I was expecting people. “I hope we’re not interrupting your evening”, said one of them with a big salesy smile on. “Don’t worry, you’re…
Market Position: Euro / Dollar Above $1.1050 Targets $1.14 Randgold Resources (RRS): Above 6,000p Targets 7,300p There are likely to be few who disagree with the idea that shares of Randgold Resources have been one of the few real highlights to date among stocks which have not been involved in M&A so far this year.…
Trading is all about probability. If we want a good chance of succeeding then we need to take opportunities that offer as many elements as possible to help us succeed. This is why I tend to trade indices in preference to companies, and big companies in preference to small companies. Liquidity is our friend for…
Market Position: Sterling / Dollar below $1.4350 Risks $1.40 Again Cairn Energy (CNE): 235p 2015 Price Channel Target It has been the case for quite some time that Cairn Energy shares have been on my radar as a possible extended bullish situation. Unfortunately, for much of the past year and a half conditions for this…
Market Position: Euro/Dollar Likely Top towards $1.1050 Antofagasta (ANTO): Initial 200 Day Line Bull Trap It may be said without fear of contradiction, that the stocks which have been hauled in today are very much the more difficult of their respective classes. In the case of Antofagasta we are looking at a situation where we…
