Market Position: Gold above $1,220 Targets $1,300 Morrisons Supermarkets (MRW): 2015 Triangle Target towards 220p Until today, you might be forgiven for thinking that Northern focused grocer Morrisons, and tech stock hero retailer Amazon (AMZN) were at opposite ends of the retail sector. In most people’s minds, the former represents the 20th century and the…
There is some debate about who said it, according to Wikipedia, but whether it was George Santayana or Edmund Burke, or even BBC1’s comedy schedulers, the quote “those who fail to learn from history are doomed to repeat it” gives the impression that repeating it is a bad thing. As traders and investors the one…
Market Position: Pound/Dollar below $1.41 Risks $1.36 RBS (RBS): Fundamental Collapse It may be conceded that at the time of the financial crisis eight years ago it seemed like a good idea to bail out or merge UK High Street banks. After all, the credibility of the UK financial system as a world centre for…
Market Position: Dax above 9,090 Targets 9,790 Lloyds Banking (LLOY): Buttering up Shareholders I am not sure whether after some seven years in the wilderness, shareholders of Lloyds Banking finally have a warm and fluffy feeling regarding the aftermath of the shotgun wedding between it and HBOS. This was clearly the work of the saviour…
Market Position: WTI Crude Oil below £$35 Still Targets $25 Barratt Developments (BDEV): Key Support Zone towards 550p It is always interesting to see the explanation of a surprise sharp move to the downside, which in the case of the FTSE 100 today was “global growth fears”, or alternatively, “the market is down, and we…
Tate & Lyle (TATE), for those who didn’t know, is no longer in the business of making Britain the fattest, even if it is also possibly the phattest, country in Europe. They got out of the sugar business some years ago in 2010 when they sold the Tate & Lyle sugar brand and Golden Lion…
And so it’s arrived. The Brexit referendum. Governments of course won’t consider referenda unless coerced, and then of course they’ll want to see the desired, or what they would call the ‘correct’, result; otherwise they wouldn’t have them. There was a joke in Sweden to the contrary. They had a referendum in 1955 about whether…
Market Position: FTSE 100 above 5,950 Back to 6,115 Persimmon (PSN): Bear Trap Targets 2,270p Given the way that the housing market is one of the pillars of prosperity for the Cameron / Osborne administration, it is hardly surprising that housebuilder Persimmon has been going from strength to strength. This has been backed by such…
Market Position: Sterling/Dollar below $1.44 Targets $1.40 BT Group (BT.A): Above 450p Still Points to 520p One of the alleged benefits of joining the EU, apart from the free trade, passport free travel and saving money on a single currency, was the idea that much of the “rip off” Britain issue would be addressed. Of…
Market Position: Gold above $1,190 Targets $1,260 Initially Morrisons (MRW): Broadening Triangle Targets 220p It can be said that it is bad enough that the FTSE 100 has gone nowhere for the best part of 20 years; but perhaps the worst aspect for investors, both long and short term, is the way that not only…
