THE TIPSTER December 20, 2010 THE US drugstore chain Walgreen reports its first quarter 2011 earnings on Wednesday with the stock trying to break through the $38 resistance level to new 12-month highs. Walgreen has surged on strong volume over the last three weeks and it does look like only a matter of time before it breaks higher. There is [...]
Christmas cheer to lift the markets December 19, 2010 TRADING is expected to be range-bound on European stock markets on the open today, with a mild bias to the upside as we begin a holiday-shortened week. GFT is quoting the FTSE 100 index to open up six points from Friday’s close, at a level of 5,877. The German DAX 40 is expected to open [...]
Wall Street looks ahead to New Year December 19, 2010 INVESTORS will be taking advantage next week of the some of the last remaining trading days of the year to place their bets on what will be the winners of 2011. One of the defining characteristics of 2010 has been the strong correlation across asset classes. Movements in the dollar or in bonds had just [...]
A beastly battle: bulls and bears to slug it out in 2011 December 19, 2010 REFLECTING on 2010, FTSE bulls should be grateful that around 60 per cent of the index’s revenues are generated from overseas. Faced with political inaction, a Eurozone sovereign debt crisis putting unwelcome focus on the UK’s own fiscal situation, and austerity measures dampening confidence, it is perhaps a miracle that the blue-chip index is at [...]
Keeping a lookout for possible shocks December 19, 2010 MAY YOU live in interesting times may sound like a blessing, but in ancient China, it was considered a curse. Spread betters may be divided on which they think it is, but 2011 certainly looks likely to be interesting. Next year could see more bank crises in Europe, burst bubbles in Asia and painful austerity [...]
THE TIPSTER December 19, 2010 GKN, one of the world’s largest engineering companies, has been strongly on the up since the summer. It recently reached an agreement with Magellan Aerospace, securing a work package that includes structural components for the Airbus A320 and A330 aircraft. Its share price has already jumped this week, but it could go even higher. Capital [...]
TECHNICAL ANALYSIS GURU December 19, 2010 CHIEF TECHNICAL ANALYST sandy.jadeja@cityindex.co.uk Q. Dear Sandy, what are chart patterns? A. A trader has plenty of choices regarding chart patterns. There are many different types of patterns such as reversal patterns, continuation patterns, consolidation patterns and a variety of others. You can also have price patterns and time patterns too. A market may not [...]
You’ll have to diversify to survive 2011 December 16, 2010 SELL-SIDE strategists have been exuding optimism in recent days. The vast majority are expecting an upbeat 2011 where equities – both developed and emerging – continue to make gains. Yet for the wealth management industry, which is there to help clients grow and preserve their wealth, it is more difficult to be quite so bullish [...]
FTSE treads water as fears over European debts weigh December 16, 2010 BRITAIN’S top shares closed little changed yesterday as persistent concerns over Europe’s debt problems capped moves on the upside while BP fell after the US government launched a lawsuit over the Gulf oil spill. The FTSE 100 ended down 1.06 points at 5,881.12. The index ebbed away from an intra-day high of 5,907.10, with analysts [...]
Wall St boosted by FedEx’s bullish view December 16, 2010 US stocks, bucking a trend of late-day selloffs, ended higher yesterday as economic bellwether FedEx offered a bullish profit outlook that augured well for broad growth. Stocks that performed well in 2010 were among yesterday’s biggest gainers as investors sought to boost returns by the year’s end. Advancing stocks outnumbered decliners by more than two [...]