Market Direction: Above 116.50 Targets 122 on Dollar / Yen EasyJet (EZJ): Death Cross It used to be the case in the days of the old flag carriers that the business model was not a good one. However, with the advent of the discount carriers, and their “treat ‘em mean, keep ‘em keen” approach to…
Last time I wrote about Lockheed Martin (NYSE:LMT) it was in my magazine article “War! What Is It Good For? Absolutely Your Pension” back in the early summer. My point being that if you don’t have a defence element to your portfolio, then you don’t really have a pension. The stock was $205.13 then and…
So a fairly predictable overshoot in Crude Light, past the $35 I was expecting to $30. I read today that it is estimated Libya lost $68bn in oil revenues thanks to their political instability. We can only wonder how low oil might have been during recent months had they been producing normally. If I were…
Market Direction: Above $1.40 Targets Back Towards $1.45 for Cable BT Group (BT.A): Bear Trap Reversal Leads to 530p BT Group is a stock I have been stalking for a number of days, and had meant to write up mid week last week. It is perhaps just as well that I did not, given the…
Market Position: Below $1.0828 for Euro / Dollar Risks Under $1.06 BG Group (BG.): Still Boosted by Shell I do not think I have charted shares of BG Group since the announcement last year that it was to receive salvation from fellow sector giant Royal Dutch Shell (RDSB). Unfortunately, the problem with almost any M&A…
In my last post I looked at the Dow Jones. The US economy and markets are stronger than the UK. The important thing about the market there is that it has not reached the level to be termed a Bear Market. The FTSE 100, however, has. It pushed through that level and closed below it…
Market Position: Gold Above $1075 Targets $1150 Pantheon Resources (PANR): Risk of Further Correction Pantheon Resources was certainly the exception that proved the rule as far as oil & gas stocks being in the doghouse off the back of the plunging Crude Oil price. The big pitch for bulls of this company was and is…
It is so easy to fall into the trap of getting it right a few times, and then thinking you can tell the markets what to do. Well, in the short term, if you have the luxury of piles of money, you can influence the markets, but it’s always going to be short-lived for any…
Market Position: Below 5,800 on FTSE 100 Risks Towards 5,000 BAE Systems (BA.): Safety in a Sin Stock? With the geopolitical position appearing to be as precarious as it has at any time in the recent past, one would suspect that our friends in the aerospace/defence sector should enjoying life at the moment. This is…
As seen in the January edition of Master Investor Magazine. One of the unfortunate things about 24 hour news is it goes on for 24 hours and has to be filled with something. The news tends to come from places where the news networks have a crew, and that are emotive to the viewing public…
