Fortune comes to those who read the signs… November 14, 2010 SURELY someone who fears a death cross must be a 16th-century pirate or gothic enthusiast, not a slick City trader or market analyst? But as it turns out, they are. Death crosses occur when a stock or an index’s 50-day moving average drops below its 200-day moving average – unsurprisingly, this spells trouble. Whereas a [...]
TECHNICAL ANALYSIS GURU November 14, 2010 CHIEF TECHNICAL ANALYST sandy.jadeja@cityindex.co.uk Q. Dear Sandy, should I look at either indices or commodities? A. Although the focus has been on the recent rallies in stock indices many traders may have missed out on opportunities in other areas. From the lows, commodities such as gold have soared to new highs. We have also seen [...]
How to avoid the dog funds November 11, 2010 AN ASTONISHING £13bn is languishing in so-called dog funds, which persistently fail to deliver returns for investors, according to BestInvest’s biannual Spot the Dog report published earlier this week. Spot the Dog branded Jupiter as the worst performing investment house in terms of the value of assets in dog funds. Also among the main culprits [...]
GETTING THE PRICE RIGHT IS CRUCIAL November 11, 2010 MD & FOUNDER OF FINE WINE MERCHANT BORDEAUX INDEX AS THE giddy prices achieved at the recent auctions in Hong Kong confirmed, the right price for anything is what someone’s willing to pay for it. With premia to market averaging around 60 per cent on over £10m of widely available stock, it speaks more of [...]
PERSONAL FINANCE NEWS November 11, 2010 FLEXIBLE DRAWDOWN SUITABLE FOR MOST Over 90 per cent of financial advisers think that flexible drawdown would be a suitable retirement solution for their clients, according to research conducted by pension product provider Suffolk Life. Suffolk Life’s John Moret said: “Industry statistics suggest that the number of new drawdown cases in 2010 is likely to [...]
FTSE 100 slips on financials’ exposure to Ireland’s debts November 11, 2010 FINANCIALS pressured Britain’s top share index yesterday as concerns over Royal Bank of Scotland’s exposure to Ireland’s debt troubles weighed on the bank, and ICAP fell after a downgrade from BofA Merrill Lynch. Weakness among financials offset gains in commodity-linked assets, which rallied after strong data from China, the world’s biggest consumer of raw materials, [...]
Dow falls after Cisco warns on earnings November 11, 2010 CISCO’S discouraging outlook dragged Wall Street lower yesterday, but the market fought back in a sign the bullish trend remains intact. Cisco lost 16.2 per cent to $20.52 after its earnings report. Major indexes plunged shortly after the open, with Nasdaq falling more than two per cent, but slowly came back as investors viewed Cisco’s [...]
How Big Mother ensures success November 11, 2010 EVERY mother will feel Sara Murray’s anxiety when she says: “I was at a supermarket checkout, I turned round for a moment and when I turned back my daughter was gone. I spoke to security and while they searched the store they told me to stand by the exit of the car park and check [...]
Q&A GOVERNANCE November 11, 2010 Q.At what point do you need a proper board of directors? A.If you’re part of a small company that has been steadily growing, you may have started to think about creating a board of directors, which includes more than just yourself and your business partner. But when is the right time to create a professional [...]
FTSE 100 falls after gloomy import data and debt worries November 10, 2010 BRITAIN’S top share index fell to a one-week closing low yesterday, pressured by miners on fears over softening demand from China after downbeat import data, with worries about Ireland’s debt also darkening the mood. The FTSE 100 closed down 58.25 points, or one per cent, at 5,816.94. The index ended up 0.4 per cent on [...]