Market Position: Gold above $1,232 Targets $1,300 Rio Tinto (RIO): The End of the Progressive Dividend Policy While it may be somewhat unfair to suggest that Rio Tinto’s management have been somewhat behind the curve with regard to their fundamental strategy, there was rather little in the way of forward planning here – especially as…
Market Position: Euro / Dollar above $1.12 Still Targets $1.16 Prudential (PRU): Possible February Resistance Retest One of the more cruel aspects of the stock market over the past year is the way that the emerging markets, and particularly the Far East, have switched from being something for which it is good for companies to…
Over the last couple of posts I looked at commodities and concluded that we may be about to see a reversal on some key commodities that, in turn, impact on my themed watchlist, based on the Met Office prediction of two hot record breaking years globally, and my counter analysis that discounted their prediction of…
Market Position: Dollar / Yen 105 While Below 115.50 ITV (ITV): The End of the Downton Abbey Effect One of the themes of the recent past as far as UK stocks are concerned is the idea that one should go for domestic focused entities, well away from the increasingly toxic financial area or, of course,…
Yesterday I wrote about commodities that are at key support levels. In this post I’ll look at some that the arse has fallen out of. But we could be about to see a change in all that… Soybeans [ZS] is pretty dismal. We could suggest a measured move here. The only snag is that it’s…
Commodities have certainly been taking a bashing over the last few years. Oil is usually the headline commodity since it underpins such a lot of modern life, but there are plenty of others that we don’t just consume industrially. There are a lot of food commodities, for example. A number of these commodity charts are…
Market Position: FTSE 100 Targets 5,600 While Below 5,800 ARM Holding (ARM): A UK “FANG”? One of the bigger disappointments for the UK stock market in recent years is that our technology plays have never matched up to what has been seen in the U.S., with no equivalent of the so called FANGS companies. This…
Market Position: Gold Targets $1,200 above 200 Day Line BP (BP.): $60 a Barrel Forecast Saves the Day Although I have to admit that I do not think there is a snowball’s chance in hell of the price of Crude Oil getting back to $60 as BP has suggested, the market seems to believe that…
Market Position: Euro / Dollar Breakout towards $1.15 Carnival (CCL): January Top Risks 2,800p It seems appropriate to look at travel stocks, given the way we have the double fundamental issues of the ongoing oil price plunge, and the emerging threat of the Zika virus, a phenomenon which looks to be something of a fait…
Market Position: Below 5,900 Risks 5,600 on FTSE 100 Hargreaves Lansdown (HL.): Withstanding Bear Forces It would appear that there are some things in life that are certain. Death and taxes – the latter even for Google – and for financial services provider Hargreaves Lansdown, the ability to withstand the vagaries of both bull and…
