Cheltenham racing festival has been in full swing all week. Many of my clients are curious how their favourite UK Index -listed bookmaker has been faring on the stock market. The horse racing extravaganza has been a godsent for the bookmaker shares. All the big bookies are off their lows after falling sharply earlier this…
Two weeks ago I wrote about UK Index Miners. My focus was on sector giant Rio Tinto but my observations about share price recovery applied just as much to peers. Trends are intact, bulls still optimistic, in spite of troubling news. China Trade data showed exports growth plunging 20%. This bolstered fears about a protracted US-China trade war. The price…
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…