UK Stockmarket 2009 and beyond

tonygee_3

YELL may appeal(small stakes)if it crashed after panic selling but it is TOO risky and may not survive under that debt burden.
I bought HMV,GMG &ALY Think that things ARE tough on highstreet but prob oversold and offer decent income,poss takeovers?
HMV may tick up thru the summer as it approaches next DIV

tradetime

Heavy selling Stateside so far, side stepping this to see what happens 1075 ish next support, see what sort of momentum we have if / when we get there. S&P already completed expected days range

Silver getting beat up, some of the UK miners may be looking interesting such as FRES.L or HOC.L was it?

tonygee_3

DOW getting closer to 10000
clairbear ...almost 2% fall on FTSE;)
FRES,POG have been hardest hit,approaching their supports,they have bounced off these previously but at some point theyre going to break thru them

tradetime

Looking to scalp suppt

Silver down 4.5% now a,d Gold over 3% which is nice to see.

If we can break through this level on S&P should see sellers come in, but I wouldn't chase it here. US$ really trucking, just edged above 80

tradetime

VIX up over 16% a little fear on the street sold some March 30 SSO puts

Buying here @ 064 and 067, let's see whats on their minds.

sabretoothtigger

Wow thats some drops, failed rally and we have the new low. 5100 and 5000 to be some support I would guess.

I cashed in a pacific fund, that cleared today about 4% down from peak. I checked pricing of an old all share ftse index fund I used to hold and its about about 3% down from its peak pricing this moment though these things lag slightly, Im glad to be out for the moment

Dramatic reversal on those silver stocks, not quite cheap enough but close. I decided on 240 for a reasonable point for HOC not for a lump sum just an initial purchase and somewhere round 550 for Fres again for an initial purchase to build on so its a long way off for that still..
Fres is the worlds biggest silver miner and maybe holds more momentum

Im not sure where the bottom is but I do continue to see this as a major change of trend.
I have the close as crossing the trend lows of July and March but we need to confirm this on the daily chart by clearly opening below the trendline and staying there

Dollar index has confirmed its back within its old uptrend now. Still there is hope of reversal tomorrow on major news (and so major volume) to break this

Im not expecting SP500 to reverse before close but it has just touched and retracted from a trend line so we might close up from the low of the day still but not by much I think

Dow is about to lose the iconic 10k also Maybe that will give some pause, I can remember it passing this point in the nineties!

tradetime

Im not expecting SP500 to reverse before close but it has just touched and retracted from a trend line so we might close up from the low of the day still but not by much I think

Yup you were right on there STT, but it was worth risking a couple of points to see if shorts would cover into the close. Seems they are comfortable to stay short into tomorrows jobs number.

Buying here @ 064 and 067, let's see whats on their minds.

Kicking the stuffing out of any buyers was on their mind I guess

Yes silver took a big hit, risk assets sold off across the board, no where to hide

Not far from the flag target of 1040 VIX finished up 20%, big volume increase

US$ was stopped at the 38% retrace of the move down from last March. All in all a brutal selloff.
1103 - 1105 has now been elevated to a significant resistance level

tradetime

Dramatic reversal on those silver stocks, not quite cheap enough but close. I decided on 240 for a reasonable point for HOC not for a lump sum just an initial purchase and somewhere round 550 for Fres again for an initial purchase to build on so its a long way off for that still..
Fres is the worlds biggest silver miner and maybe holds more momentum

Interesting, still can't make up my mind whether to make a foray into the stocks or just stay with the commodity, will have to give it some thought.
Silver is at the 38% retrace of the move off the lows, if it can hold the momentum then I think there is a resonable chance to see $12.64, but I am scaling in ahead of that.

The FTSE could see 5000 as early as tomorrow, unless futures do something weird and wonderful overnight, and that looks remote, no doubt Asia will be hit tonight.

Would FRES have the capacity to buy HOC do you think?

tradetime

Who's that knocking at the door?


Out of no-mans land Indices have now established the required lower high and lower low, and broken that low to establish a new daily down trend, this has occurred now in major indices all over the world.
S&P is already well on its way to the initial target, from the bear flag posted a few days ago at 1040. I would expect the FTSE to test 5000 fairly soon.

I am inclined to believe this is a correction (a bear leg), rather than the crash that many are calling for, but there is no way we can be sure 1070 area is short term resistance and 1103 - 1105 has become a more significant resistance level and should contain any oversold bounce or rally attempt. Volatility has also ratcheted up

sabretoothtigger

That bear is far too happy




FTSE is getting a bit more extreme then I thought would happen, fear in motion I guess. I could see it recovering prior to jobs even if it falls after.

lloyds july price would be 44p base adjusted. My general opinion on any pricing is the july prices were ok to buy then and are ok to buy now longer term.
Ive no actual idea how low it'd go but with regard to the idea of buying on the way down, etc

Same for silver, I think $12 is a but low, I think more like $14

I dont know if Fres could buy Hoc I need to do more reading on them both really, I thought we'd take more time to drop then this