The UK 100 remains in a short-term falling channel, closer to the bottom than the top of a longer-term post-Christmas 6975-7350 rising channel. This week’s 7040 low equates to a 3% pullback from recent 7260 highs, consolidating the 11% rise from December’s 2018 lows of 6600. However, it has yet to revisit the channel floor…
You’ve heard the old saying: “What’s good for the goose is good for the gander”. What moves some shares, can also push other shares higher or lower. Traders call this “read-across”. Read-across can come from many sources. Corporate results from sector peers, economic data and political headlines can all produce such reaction. But not all…
This week sector giant Rio Tinto reported 2018 full year results. Investors in the Miners liked the sound of profits of $8.8 billion, up 2%, which also beat consensus expectations by 2%. Management focus is now on Iron-ore value rather than volume given supply disruptions. Steel remains resilient. And it has found a new gold deposit….
UK Housebuilders are strong this week. The reason is optimism about Brexit. Not so much the UK leaving the EU. More the possibility that it doesn’t. As we bear down on the 29 March deadline, speculation is abound about a soft Brexit and a delayed Brexit. There’s now even the chance of a People’s vote/2nd referendum, and…
The UK 100 remains near the top of its post-Christmas 6900-7300 rising channel range. That said, we are also in a shorter-term down channel towards 7100, consolidating the 11% rebound from December lows. If we do fall back to around 7100 (-2.2% from highs), fear not. This merely opens the door for a rebound off…
Trading can be really fun, but if you want to make a lasting positive impact on your trading account, you need a real edge. A single twig will easily snap. A single trading strategy can easily go against you. But tie a bundle of sticks together and they can bocome unbreakable. Apply the same logic…