The UK’s UK 100 blue-chip index has bounced off 6800 to keep alive its uptrend from last week’s fresh 2yr low. A break above 6900 could put it in a rising channel towards 7000. While trade concerns may have eased, Brexit uncertainty has risen. An unhelpful combo as we head into the season’s festivities. While…
Earlier today I looked at UK Index companies reporting results or trading updates next week. Pickings are understandably thin as the festive season ramps up. Even quieter the following Christmas week. So I had to look into January, when we traditionally get updates from the well-known retail names about their key Christmas periods. I had planned…
Energy shares have been battered by the recent oil price fall. Brent Crude has dropped close to 30% from October’s 4-year highs. Not all shares, however, have been under pressure to the same extent. Naturally, commodity prices have a strong impact on oil & gas stocks. With oil -9% this year, all London energy companies are thus…
The say clothes maketh the man (or woman). But do they make a fool-proof investment? Not for ASOS and Superdry shareholders today, as both the online fast fashion retailer and casual clothing companies’ shares are down heavily (both as low as -11.5%) following broker downgrades. Why are both fashion retailers struggling today? Is it the…
The UK’s UK 100 (and peer indices) had quite the week. A 475p sell-off (falling channel) was kicked off by scepticism about a 90-day truce in the US-China trade war, keeping alive the possibility of more tariffs and retaliation. Falling oil prices also continued to weigh on sentiment as we moved towards the semi-annual update…
The “three day rule” says you should wait this long before contacting a date, so as not to scare them off by appearing over-eager. It’s not dissimilar with trading; how long you should wait before jumping on a share price breakout/bounce or breakdown/reversal. Waiting helps confirm, or at least increase the probability, that the move…