Market Position: Nasdaq 100 Above 4,050 Targets 4,350 BAE Systems (BA.): 200 Day Line Gap Reversal Targets 540p Initially It would appear that bad times are good times for the aerospace & defence industry. What has also been interesting is the way that private investors have been glued to the movements of BAE stock, if…
As seen in the February edition of Master Investor Magazine. If you’ve been paying attention over the last 50 years (or for as many of them as you were around), then it can’t have escaped your attention that there is a bit of a problem in the pensions department. I wrote about how The Baby…
I was commenting positively on a friend’s picture they’d posted on Facebook the other day. They thanked me and said it was taken when they were younger. I replied, “I think you’ll find all photographs were taken when you were younger”. When you’re analysing charts and creating a watchlist it’s a really good idea to…
Market Position: Euro / Dollar Test of $1.1050 Zone Due AstraZeneca (AZN): Bear Trap Back to 4,600p It is in the very nature of the game that drugs companies of all shapes and sizes have a rather rough ride in general, as they attempt to trial and then deliver new drugs. Luckily for the big…
Groucho Marx made some of the wittiest remarks recorded in the 20th century. Classics like “I never forget a face, but in your case I’ll be glad to make an exception”, and “[taking pulse] either this man is dead or my watch has stopped”. We know his quotes from the movies he made. Oscar Wilde…
Market Position: Dollar / Yen below 115 Targets 111 Anglo American (AAL): A Denial Situation It is just as well that I have absolutely no belief in the Credit Agencies, such as Moody’s and S&P, or I would probably have an even more negative view of Anglo American than I do currently. The problem here…
Both trading and poker are considered pursuits of skill by some, and sheer gambling by others. The similarities don’t end there. Obviously trading relies a lot on preparation, which I suppose you could compare to strategy in poker; but if you consider each poker hand as a trading opportunity, then the comparison starts to make…
Market Position: FTSE 100 above 5,790 Targets 6,100 HSBC (HSBA): Intermediate Recovery Anyone looking to be cheered up after a less than satisfactory Valentine’s Day need look no further than the ugly contest between HM Government, largely in the shape of George Osborne, with his Anrtonio Banderas hairstyle, and HSBC (HSBA), the world’s local money…
Market Position: Sterling / Dollar above $1.4350 Targets $1.48 Glencore (GLEN): Above Latest Gap Could Lead to 140p I have to admit that I feel a little disappointed by the recent recovery at Glencore. To give you a clue as to my stance on the company, it is one that I refer to affectionately as…
As we stare down the possibility of Trump becoming the 58th President of the United States of America (they always reference the country as if it’s not obvious), I thought I’d look at the often heard claim that Presidential Election years are good for the stock market. They take place every four years, rather like…
