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…
“The shares are down – they’re cheap!” If I’ve heard it once I’ve heard it a thousand times. For a car or house it may be a fair comment, if not perfect. Unless you’ve crashed the car you can still drive it. Unless the house has collapsed you can still live in it. That said,…
A UK Index name which has performed particularly well for Accendo clients this week is Greggs. We initially highlighted the shares as having Support at 1552p, trading within a 1539-1628p Range. And they had already risen 3% in two days, even before yesterday’s 11% jump. The reason for yesterday’s bumper jump? A surprise and unscheduled profits warning, inspired by…
The UK 100 has extended its post-Christmas rally from 6600 to touch 7250 today. That’s 11%, of which 2.5% today, and showing interest in making a bullish break from that rising channel. If it does, there is potential to power on towards September highs of 7555, which would represent another 4.2% rise. Looking at…