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No6

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About No6

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  1. For those interested in the UK market, dividend payers, etc, you might find my blog of interest. http://sevenpillarstrading.blogspot.co.uk/'>http://sevenpillarstrading.blogspot.co.uk/ Sample.
  2. Not on holiday, but I seem to be coming here less and less these days. My own interests are mainly UK market based and there isn't much discussion around here for that, so I have less reason to post as it is easy to feel that you are talking to yourself! Your call above was a pretty good one considering yet another Greece spanner in the works.
  3. Hefty rise in UK price inflation today. BoE on alert to not do anything.
  4. Markets beginning to look quite strong again despite the type of negative news that a month or so ago would have sent them down. This for me is a strength, a sign that baring something major actually happening, a default, the markets have priced in a level of doom and gloom that they do not want to go below. As I've mentioned before, when it suits them to use the news to sell off, profit taking, that is what they will do, but this still seems to be happening within trading ranges that haven't been breached to the downside. The weekly and monthly charts are now looking more positive towards the upside and I may post some later. Bears may have had their honey for now.
  5. From Joe Duarte free newsletter.
  6. Strange market today. Slovakia votes against funding the ESFS, its Government effectively falls as it was linked to a no confidence vote. In the US, the Republicans, not surprisingly, block Obama's jobs package, while the US Senate has a go at China voting through its Bill on the value of the Yuan. Markets would normally react badly to such moves, but so far are up. This either signifies a degree of strength in the current upward move or a calm before another move down. FTSE is around the 5400 resistance and needs a major push to get through it at this stage in the upward move.
  7. I quite like his youtube channel, the weekly market analysis is a useful guide to what may happen in the week to come. He also posts some useful videos during the week via Twitter. Did notice on the Naked Trader website that he mentioned the technical analysis seminars. As NT doesn't consider himself to be a technical trader, it would be interesting to see what he contributes to the seminar.
  8. And some say that trading is scary. http://www.youtube.com/watch?v=TWfph3iNC-k&feature=youtu.be
  9. Another good video here in the series of trader videos. Talks a little more about the mind in trading. http://www.youtube.com/watch?v=4yGeF-yL5iU&feature=relmfu
  10. I've posted some of this guy's youtube videos before as they are quite helpful. Real Life Trader series (this is from a spread betting company CMC, so is a little self promoting, but worth a look). http://www.youtube.com/watch?v=zXIqRUmR9qE&feature=player_profilepage http://www.youtube.com/watch?v=lmZX9ktxMEY&feature=relmfu
  11. Followed up by the BoE announcing £75billion of money printing supposedly for the economy. We know that most will end up with the banks and speculators who will no doubt use it to ramp up commodity prices. Already this morning the big FTSE commodity companies are going like gangbusters. More price inflation down the line.
  12. Very big bounce on the FTSE today and it was within its trading range and support yesterday when it began. Much of this looks like automated trading to me, support is reached the computers buy, resistance, they sell. The bears may have to think and hope again, although the weekly and monthly charts still look negative and trending down. If the FTSE breaks that 5400 resistance barrier we may be in for a nice set up for the annual santa rally come December.
  13. Tesco produced its numbers this morning and as expected the market is concentrating on the UK side of its business which fell, but I would say not dramatically considering it has 30% share of the UK market. Overall, the figures were pretty impressive if you look at the bigger picture of its international growth. Market can't be bothered to look at that it would seem. For longer term, dividend seeking investors, they still look cheap to me.
  14. FTSE futures suggest the market opens up tomorrow, but you wonder for how long?
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