UK Stockmarket 2009 and beyond

cloud_dog

cloud_dog wrote: »

WTN been going great guns recently, due to some recently positive broker updates and the inclusion in the S&P/TSX Composite Index.

Not sure if I'm tempting fate but...... all I need is another 23p and I will have my first ever '10bagger' (as they say). If this happens I will literally be.... :rotfl:

I am, as I type ROTFL :rotfl: (I am multi-talented )

tonygee_3

BUDGET DAY so prob stagnant today
Must stock up on Havanas,Scotch..oh and fill up my private jet before prices go up.;)

cloud_dog

tradetime wrote: »

US$ commencing its breakout to target the 83.3 - 84 area. Will be interesting to see how US indices react to this.

Ouch, can't see this being particularly good for commodities/PMs. Although the 'norm' was disconnected for a period of time last year when commodities/PMs continued to rise with a rising US$.

tradetime

Yeah gold currently dipping below 1100 again 1087 is the recent short term swing low, more meaningful support in the 1050 - 1060 area

[Deleted User]

ukx 5650 is make or break now

I don`t believe that 5800 is in the picture at the moment, too many ifs and buts to be really optimistic. Sentiment is changing on a sixpence lately

sabretoothtigger

Dollar index is up 1%
Its not supposed to move that fast, new high of the year I think but whys it doing that out of americas trading hours, needs volume confirmation?

Correspondingly cable is back on the tracks for parity before year end, surely not




I guess if we roughly say a healthy uptrend resembles a staircase then this does look bullish for the dollar - [reading 82 now]





INTC fell 2% afterhours last night for some reason



Natural Gas inventories on Thursday and USA GDP Friday and Japan CPI


My broker says I must sell and buy shares in GBP only. That'd be fine if they didnt charge me a currency spread each time, no doubt ib does this properly


On my usd futures chart I have the dollar worth hitting trend resistance so it should help cap further gains, allegedly




Darlings budget - http://msnukmoney.spaces.live.com/



Portugal has been downgraded hence the dollar blip apparently - http://blogs.uncommonwisdomdaily.com/red-hot-energy-and-gold/files/2010/03/dollar1.png



My very slow brain has just caught up with the fact that the dollar rose more then intel fell which means my shares gained in value, heh

cloud_dog

Wow WTN up 10% today (almost made me an 11bagger).

Stay on or jump off, stay on or jump off? Yes I know I should sell some and ride the rest but......

tradetime

Big move by the Dollar Index todays as it edges above the 50% retrace of the entire move down from early '09 and on course for the 83.3 - 84 target. Upper daily trendline comes in around 83 now.


Portugal downgrade is all the buzz with the talking heads, but quite frankly this is old news, along with the downgrades of Spain, Ireland, and Italy Oh yes they haven't happened yet.

US indices are taking a breather, after being unable to hold 1170 in the early going, working off some of the overbought condition. Next minor support in the low to mid 1160's currently holding 1166, and more significant support low to mid 1150's
Still no significant selling pressure, and close above 1170 is still possible. It is somewhat concerning how little fear there is, one can't help feeling that a correction is just around the corner, however it is never wise to fight the market and for now the path of least resistance remains up.

Looks like yellow shiny stuff may be on its way to 1060 area after all.

sabretoothtigger

I have charted UDN moving decisively below support this week (just today even) with this move so could be it is longer term shift not just another glancing blow on 81 for the usd

cloud_dog wrote: »

Wow WTN up 10% today (almost made me an 11bagger).

Stay on or jump off, stay on or jump off? Yes I know I should sell some and ride the rest but......

I would just argue that getting your original money back (plus interest and costs even) is good and then do whatever you like with the profits left over


What made you select this share and when did you buy it btw ?



The chart for TMC looks good, if anything I wonder why they are cheap must be good reasons and they hold a net cash position ?

fullstop

Lloyds TSB shares are as of today ahead of the price the government paid to bail them out, how long for though?