If you were expecting a blog about Brexit you’re out of luck as I’d rather discuss Oil and Norway. Because its $1 trillion Sovereign Wealth Fund is getting a makeover. Yes, trillion. One thousand billion. One million million. Rich reserves of oil & gas have allowed Norway to amass significant wealth. The biggest sovereign wealth fund in the world,…
The UK 100 remains in a sideways channel (slight downside bias), continuing to correct from recent 7260 highs, back towards the floor of the post-Christmas 7020-7400 rising channel. So it could be that we extend the bounce from today’s lows, back towards 7200. On the flipside, it could be that we need to correct further,…
Let’s say your UK Index shares are in profit, up 10%. Results are out tomorrow and numbers are expected to be good. But the shares have rallied; hence your 10% profit. Furthermore, they’re flirting with prior highs but yet to break above. You have a dilemma. Expectations for good results probably helped the shares rally. So number…
It’s a beautiful morning and you sit down to scour the markets for an exciting new trade. You see a stock fall sharply at the open. Is this a good time to buy, or should you wait for the stock to bounce off support? Sometimes shares fall due to a panic overreaction. Therefore, they become…
Many investors find trading a range to be a reliable trading strategy. It’s simple: look at the chart and find a share price that has bounced between two major levels several times. Buy low, sell high. Easy. The strategy is very straightforward, which is why so many traders use it. They can confirm a proper range by…
Banks are like any company whose shares you can trade. Their goal is to maximise revenues, while minimising costs to grow profits and pay dividends. The set-up is similar to non-financials, even if the terminology may differ. So when looking at financial statements on the banks, what should you be looking for in terms of numbers…