This week produced some fine UK 100 examples of easy-to-identify technical signals to help clients either take profits following a positive run or buy into a bounce on fresh bullishness. From Banks to Housebuilders, support lines to resistance, reversals to breakouts and candlestick patterns the signs were plentiful for anyone prepared to scout around a…
Shares in Sports Direct were up to 11% lower this morning, falling victim to a combination of disappointing first half results and unfavourable technicals. This in spite of the company shifting focus to fewer smarter flagship stores and reducing online promotional activity, part of its goal to elevate its portfolio to become the Selfridges of…
Shares in equipment rental group Ashtead are top of the blue-chip tree this morning, trading fresh record highs after a host of good news. Q2/H1 underlying revenues and profits grew >20% and included margin expansion, helped by much hurricane clean-up and a weaker GBP. This means management now expects FY results ahead of prior expectations…
At times, it looked like it would never happen. But thankfully, over breakfast in Brussels, we have the first agreement of Brexit negotiations. But with the next round of talks not starting well into 2018, what should traders be watching next? Famed for events such as Super Wednesday and Thursday, central banks return to drive…
8 Dec Business Times (Link) “In focus today will be the fallout from an eleventh hour Brexit deal between the UK and EU, sufficient progress having been made on the Irish border issue, clearing the path for the second round of negotiations and, most crucially, the beginning of long overdue trade talks,” said Accendo Markets analyst…
Last month we published our season Santa Rally report, highlighting stocks which have a habit of doing well early November thorough year-end. No guarantees, but a statistical tendency that can help you make profitable trading/investment decisions. So how have are we doing? Firstly the US indices have kept up their strong record with gains of…