FTSE index for 2nd Sept
Gone from a low turn to a high turn in days. For tomorrow a posisble swing high approx 5369 should cap this move. A retrace to a min of 5298, possibly 5271 should then begin.
Its a short from close on 01/09 (5328), better if HOD or above is tested at 5342.
Gone from a low turn to a high turn in days. For tomorrow a posisble swing high approx 5369 should cap this move. A retrace to a min of 5298, possibly 5271 should then begin.
Its a short from close on 01/09 (5328), better if HOD or above is tested at 5342.
Stock picks 2nd Sept
[02/09] Strange day today, M&A flipping stocks.
Typically - "Following a strategic review of Europe Beverages, the Board has decided to
focus the Group's financial and management resources on its confectionery and
other beverage businesses which have greater potential for higher growth and
returns. Proceeds from the sale will initially be used to reduce the Group's
net debt which at June 2005 was £4.3 billion."
I can understand a bump up news like that but, 4.3B in debt wont be reduced very easily. Hard to figure out these breaking news moves. Best to review in a few days when the dust settles.
BOC linked to yet another takeover, ETI off-loading, EXL in takeover talks all helps to keep the market moving.
All shorts bar one. Expecting some further upside tomorrow before a dip lower to start next week.
Short BG at 506.75 or better, target 497
- short @508.8, covered @507.2, +1.6
Short BNZL at 555 or better, target 543
- h= 564, l = 549.49
Short BOC around 1084, target 1066
- up on takeover talks
Short CBRY at 561 or better, target 555
- I'm short @561.7
Short ETI at 854.5 or better, target 842
- h = 864.5, l = 837
Short EXL at 1178.5 or better. Bit of care needed but the price is just silly. Closing price for example is around 150 points above the 3 day PP.
Short OML around 144.5, target 141.3
- short @146.6, covered 144.2, +2.4
- l = 141.25
Short WMH at 598 or better, target 586
- h = 595.5, l = 583.25
Long WPP still stands, entry is currently around 568 for a move back to 585.
- I'm long @573.3
[02/09] Strange day today, M&A flipping stocks.
Typically - "Following a strategic review of Europe Beverages, the Board has decided to
focus the Group's financial and management resources on its confectionery and
other beverage businesses which have greater potential for higher growth and
returns. Proceeds from the sale will initially be used to reduce the Group's
net debt which at June 2005 was £4.3 billion."
I can understand a bump up news like that but, 4.3B in debt wont be reduced very easily. Hard to figure out these breaking news moves. Best to review in a few days when the dust settles.
BOC linked to yet another takeover, ETI off-loading, EXL in takeover talks all helps to keep the market moving.
All shorts bar one. Expecting some further upside tomorrow before a dip lower to start next week.
Short BG at 506.75 or better, target 497
- short @508.8, covered @507.2, +1.6
Short BNZL at 555 or better, target 543
- h= 564, l = 549.49
Short BOC around 1084, target 1066
- up on takeover talks
Short CBRY at 561 or better, target 555
- I'm short @561.7
Short ETI at 854.5 or better, target 842
- h = 864.5, l = 837
Short EXL at 1178.5 or better. Bit of care needed but the price is just silly. Closing price for example is around 150 points above the 3 day PP.
Short OML around 144.5, target 141.3
- short @146.6, covered 144.2, +2.4
- l = 141.25
Short WMH at 598 or better, target 586
- h = 595.5, l = 583.25
Long WPP still stands, entry is currently around 568 for a move back to 585.
- I'm long @573.3
Stock picks for 6th Sept
More shorts..
-[6/9] remain as shorts for 1/2 days more
Short SVT around 1017, target 998
-[5/9] h= 1018, l = 980
-[6/9] h=1033, l=1012 <-- very overdone
-[8/9]low of 1010
Short LAND around 1468, target 1435
-[5/9] h=1473, l=1422
-[6/9] h =1472, l= 1447
-[8/9] low of 1452
Short 3i around 730.5 (was 721.5 or higher), target 718
-[5/9] h=731, l=707
-[6/9] h=733.1, l=728
-[8/9] low 728.5
Short JMAT 1153, target 1143
-[5/9] h=1168, l=1145
-[6/9] h =1156.31, l=1151
-[8/9] low of 1153
More shorts..
-[6/9] remain as shorts for 1/2 days more
Short SVT around 1017, target 998
-[5/9] h= 1018, l = 980
-[6/9] h=1033, l=1012 <-- very overdone
-[8/9]low of 1010
Short LAND around 1468, target 1435
-[5/9] h=1473, l=1422
-[6/9] h =1472, l= 1447
-[8/9] low of 1452
Short 3i around 730.5 (was 721.5 or higher), target 718
-[5/9] h=731, l=707
-[6/9] h=733.1, l=728
-[8/9] low 728.5
Short JMAT 1153, target 1143
-[5/9] h=1168, l=1145
-[6/9] h =1156.31, l=1151
-[8/9] low of 1153
Stock picks for 7th Sept
More shorts, a few stocks are tentative longs but for now its all tops being picked up.
Short KEL around 723.5 or higher
- hit a low of 712
Short CNA around 263 or higher
- low of 258.98
Short LLOY around 486.5 or higher
- low of 480.5
Short SSE around 1030 or higher
- low of 1015
More shorts, a few stocks are tentative longs but for now its all tops being picked up.
Short KEL around 723.5 or higher
- hit a low of 712
Short CNA around 263 or higher
- low of 258.98
Short LLOY around 486.5 or higher
- low of 480.5
Short SSE around 1030 or higher
- low of 1015
Banks readying for a bounce?
Just some thoughts on various banks. On my setup I have most of them approaching a bottom at the close of play.
These are not trades, just a few to keep an eye on.
As of today [15/9] only one is in a clear setup to take a position, HBOS. The others look to be stalling ready for a move up but are a little short of my entry requirements.
AL. long from 848 or less
-[19/9] reached 852 today, appears to be a small step away from confirming a bounce has started, would target around 865.
HBOS long from 855.5 or less, first sign of a bottom today
- [15/9] HBOS is now a long @845, target 858
- [19/9] reached 858 today
NRK long around 801.5
-[19/9] Has flipped to a buy, my initial target would have been 808, which it reached today. Should see some follow through.
LLOY long 574.5 or less
- [19/9] Just about flipped to buy mode, traget is 579
RBS long 1604 or less
- [19/9] In buy mode now, target is 1622
Just some thoughts on various banks. On my setup I have most of them approaching a bottom at the close of play.
These are not trades, just a few to keep an eye on.
As of today [15/9] only one is in a clear setup to take a position, HBOS. The others look to be stalling ready for a move up but are a little short of my entry requirements.
AL. long from 848 or less
-[19/9] reached 852 today, appears to be a small step away from confirming a bounce has started, would target around 865.
HBOS long from 855.5 or less, first sign of a bottom today
- [15/9] HBOS is now a long @845, target 858
- [19/9] reached 858 today
NRK long around 801.5
-[19/9] Has flipped to a buy, my initial target would have been 808, which it reached today. Should see some follow through.
LLOY long 574.5 or less
- [19/9] Just about flipped to buy mode, traget is 579
RBS long 1604 or less
- [19/9] In buy mode now, target is 1622
The miners..
Gold rocketing I'm sure has done plenty to help the usual suspects up. Maybe the market is telling us something, banks I think will bounce for a few days (defensive play) and gold being run up for the same reasons perhaps.
These are approximations, not exact targets.
AAL - fall to 1508, short around 1564
RIO - fall to 2078, short around 2157
- [20/9] Now short @2174.7
- [20/9] covered half position +11
- [21/9] covered rest @2134.9, +39.8
XTA - fall to 1394, short around 1439
Gold rocketing I'm sure has done plenty to help the usual suspects up. Maybe the market is telling us something, banks I think will bounce for a few days (defensive play) and gold being run up for the same reasons perhaps.
These are approximations, not exact targets.
AAL - fall to 1508, short around 1564
RIO - fall to 2078, short around 2157
- [20/9] Now short @2174.7
- [20/9] covered half position +11
- [21/9] covered rest @2134.9, +39.8
XTA - fall to 1394, short around 1439
Stocks picks for 20/09
GUS looks to be nearing a bottom around 869/70. Now on my watchlist, not confirmed as a buy yet.
- [21/9] Long @862.5
- [21/9] added, now ave 859.5. There was alaways the possibility of a dip to 855 area(early June & mid July closing prices). When it bounced off and started to rise (as it did yesterday) it looked good as an entry point.
-[22/9] closed in two parts +4, +5 then it went up a bit more
WOS is another I am watching but not yet a confirmed trade, will be a short when the setup lines up.
- [21/9] Missed the move down, may have done enough for now to stop the slide as my traget would have been 1177.5. Big res arae around 1200, any move over 1188 today should be a selling op.
KGF - long around 230, short term target 236-238
- [20/9] Long @228.9
GUS looks to be nearing a bottom around 869/70. Now on my watchlist, not confirmed as a buy yet.
- [21/9] Long @862.5
- [21/9] added, now ave 859.5. There was alaways the possibility of a dip to 855 area(early June & mid July closing prices). When it bounced off and started to rise (as it did yesterday) it looked good as an entry point.
-[22/9] closed in two parts +4, +5 then it went up a bit more
WOS is another I am watching but not yet a confirmed trade, will be a short when the setup lines up.
- [21/9] Missed the move down, may have done enough for now to stop the slide as my traget would have been 1177.5. Big res arae around 1200, any move over 1188 today should be a selling op.
KGF - long around 230, short term target 236-238
- [20/9] Long @228.9
Minder said:
Yes I am and yes it is! Stop in place at 215.0, was looking for a more positive outlook when they announced some store shuffling going on. Also long TSCO @312.5. Have been concentrating on fx trading these last few days.
-[30/9] Stopped out KGF @215.0
Kevin.
Stock picks 23rd Sept
[23/9] Taken an overly cautious stance it would seem. Prefererred entries were around yesterdays lows for all these potential trades. RB is the only one sitting under entry price. I'm short AAL and may long RB from 1722 as a hedge.
ICI long around 286.5 or less, target 294
- best entry was around 288, made a high of 298.75
IHG long around 705 or less, target 721-22
- entry was there on Friday and has now traded up to 722
Long RB around 1725, target 1772
- 2 buy signals on this stock for Thursday and Friday. Made of low of 703 and has since traded up to 750.
Long WMH around 573.5, target 586
-[23/9] long @565.4, short term target, possibly today is 572
-[23/9] hit 572, closed at 571 +5.6
Long LII around 960, target 975
- this is the one i will be watching tomorrow, not just based on my strategy of price action but in addition it is set up as a bullish crab (harmonic pattern)
Best entry was 962.5 and since made a high of 984.5
[23/9] Taken an overly cautious stance it would seem. Prefererred entries were around yesterdays lows for all these potential trades. RB is the only one sitting under entry price. I'm short AAL and may long RB from 1722 as a hedge.
ICI long around 286.5 or less, target 294
- best entry was around 288, made a high of 298.75
IHG long around 705 or less, target 721-22
- entry was there on Friday and has now traded up to 722
Long RB around 1725, target 1772
- 2 buy signals on this stock for Thursday and Friday. Made of low of 703 and has since traded up to 750.
Long WMH around 573.5, target 586
-[23/9] long @565.4, short term target, possibly today is 572
-[23/9] hit 572, closed at 571 +5.6
Long LII around 960, target 975
- this is the one i will be watching tomorrow, not just based on my strategy of price action but in addition it is set up as a bullish crab (harmonic pattern)
Best entry was 962.5 and since made a high of 984.5
Stock picks 27th Sept
Short ULVR around 596.5 or higher, target 589
-[27/9] Went short on Monday @594.8 expecting a drop to 592 or less. Forgot to move the limit buy for today so out 592, +2.8.
Low so far has been 590.
-[30/9] reaches 589
Short GSK around 1439 or higher, target 1414
-[27/9] Short @1440.3
-[27/9] Short ave @1441.8
-[27/9] Taken half profits at 1437.7
-[27/9] covered rest @1433.7
Short ULVR around 596.5 or higher, target 589
-[27/9] Went short on Monday @594.8 expecting a drop to 592 or less. Forgot to move the limit buy for today so out 592, +2.8.
Low so far has been 590.
-[30/9] reaches 589
Short GSK around 1439 or higher, target 1414
-[27/9] Short @1440.3
-[27/9] Short ave @1441.8
-[27/9] Taken half profits at 1437.7
-[27/9] covered rest @1433.7
Some thoughts on FTSE & DAX
Both look to be topping. Will add info as it shows up tomorrow.
FTSE has a swing high signal for tomorrow of 5483, anything above 5463 will flag it as a sell. Target based on a move no higher than 5483 is 5426-5413.
-[27/9] Short @5470
-[27/9] Taken half profits @5460, stop at entry now
-[27/9] Covered the remainder @5450
Slight concern is that US has not really weakened so far, possibly a fast up move at the open awaits? WOuld look to renter FTSE short if it gets back over 5463.
DAX is the same, possible high tomorrow of 5038. Its now in sell mode with a target of around 4908, based on a move to near 5038.
Both look to be topping. Will add info as it shows up tomorrow.
FTSE has a swing high signal for tomorrow of 5483, anything above 5463 will flag it as a sell. Target based on a move no higher than 5483 is 5426-5413.
-[27/9] Short @5470
-[27/9] Taken half profits @5460, stop at entry now
-[27/9] Covered the remainder @5450
Slight concern is that US has not really weakened so far, possibly a fast up move at the open awaits? WOuld look to renter FTSE short if it gets back over 5463.
DAX is the same, possible high tomorrow of 5038. Its now in sell mode with a target of around 4908, based on a move to near 5038.