THE TIPSTER March 13, 2011 THURSDAY’S credit rating downgrade by Moody’s for Spain did the local equity market few favours and while we may still be some way above the 12 months lows of May 2010 when the Spanish stock index, Ibex, hit 8,562, the near term challenge will likely be holding onto the psychologically significant 10,000 level. The current [...]
How to ride the price rollercoaster for profit March 13, 2011 THIS strategy hinges on using the Relative Strength Index (RSI) to alert you to over bought or over sold market conditions, where over bought and over sold situations signify a change in the trend. Typically, when the RSI (see guide on the right) rises above 70, the market is over bought, while a reading below [...]
WHY ENGLAND VS GERMANY IS A WINNER March 13, 2011 CONSULTING ANALYST, INTERTRADER I ADMIT it. It’s an attention seeking title, playing on the emotions of every football fan in England since 1966. “England vs. Germany” is also a trading strategy which seeks to play two stock indices against each other. It is perfect for financial spread betting, because you don’t have to factor in [...]
Triple dose of bad news sends FTSE downards March 10, 2011 A downgrade for Spain’s credit rating, violence in Libya and weak data from China and the US heaped pressure on Britain’s top share index yesterday, with traders speculating that there could be more woe to come. “It’s an unholy triumvirate of bad news,” Chris Purdy, trader at Spreadex, said. Purdy pointed to the three-month low [...]
Fears over economy and Saudi Arabia hit markets March 10, 2011 FEARS about the economy and unrest in Saudi Arabia darkened the outlook for equities yesterday, pushing major indexes below key technical levels. The Dow’s worst day in seven months came after reports that authorities in Saudi Arabia had opened fire on demonstrators, increasing anxiety about instability in major oil producing nations. All three major indexes [...]
The lady who took the lead March 10, 2011 NO, NO, no, I did not see myself as a feminist, in some ways the feminist movement did more harm than good,” says Debbie Moore, the first woman to float a company on the London Stock Exchange (LSE). “Having a female Prime Minister improved the atmosphere, but not just for women, for everyone with entrepreneurial [...]
GOVERNMENT WON’T DELIVER FOR BUSINESS March 10, 2011 FOUNDER OF THEBESTOF.CO.UK THIS week the headlines have been once again full of David Cameron’s grand gestures and pledges to support entrepreneurs and small businesses. In Cardiff he attacked the “enemies of enterprise” and talked up entrepreneurial individuals as the UK’s only growth strategy. Yet if you are an entrepreneur like myself then the chances [...]
Weak demand for commodity and bank shares drag on FTSE March 9, 2011 WEAK commodity and bank stocks dragged Britain’s leading shares index lower yesterday as oil prices climbed after intensified fighting in Libya. At the close, the FTSE 100 was down 37.46 points, or 0.6 per cent, at 5,937.30, having hit a low for the week at 5,922.66 in the afternoon before recovering. “Only a dyed-in-the-wool optimist [...]
Texas Instruments leads Wall St losses March 9, 2011 A weak outlook from Texas Instruments weighed on the Nasdaq yesterday and pushed an index of chip makers below a key technical level in a worrisome sign for the market’s six-month uptrend. The PHLX semiconductor index fell 3 per cent to close below its 50-day moving average, which represents medium-term momentum, for the first time [...]
Africa’s future looks bright to Renaissance March 9, 2011 EVEN in times of relative stability, media reports on Africa lead many investors to think they can find better places for their money. So with turmoil rolling across the north of the continent this impression has only intensified – the jubilation of Cairo’s Tahrir Square has been replaced by the brutality of Muammar al-Gaddafi. However, [...]