UK Stockmarket 2009 and beyond

cloud_dog

Have bought HOC again, 235p, hopefully we will see a bit of upside even though the downside risk is still significant.

tonygee_3

Best of Luck,cloud.
Should see a repeat of yesterday
Falls have been much steeper than previous(JAN)seems markets waking up to problems so am expecting lower LOWS.

turbobob

Not really expecting any big moves today unless some significant news comes from somewhere. The FTSE100 briefly got close to the 200 day moving average (5250) on opening but has settled and now showing price congestion around the 5350 range. If it moves up to 5400 will be looking to short it..

sabretoothtigger

The dollar index has launched into orbit compared to what it was doing before. Most of my longer term data was wiped but I have it vastly outstripping the recent uptrend

The real way to judge is to look at the opposite end which is euro dollar weakness. This has broken through important support areas

I previously thought it was oversold, if fact I heard Jim Rogers had bought some speculatively so I cant be that far wrong however I was having a doomsday moment yesterday and realising the facts on the menu are game changers and justify the graph

ECB is considering printing money and QE which it has not done. The whole idea of germany or whoever bailing out Greece is unprecedented.
And this is another rung down on the ladder for the whole crisis continuation in that governments are once again fighting common sense, the free market and capitalism basically.

Fears are justified but companies themselves are not part of the problem here


SP500 is in a tightening range I think, so should be more animated once it passes through either 1151 or 1178 (1181 res) of course it can just go sideways.




If we look at euro as an indicator then its about 2% off the lehman lows

Its dropped another 0.75% today. I see it as having some trend support here, (1.2729) a crumbling ledge on the clifftop




FRES reached the bottom of its uptrend and now has the rise I was expecting, I had thought it would descend more slowly but since its now occurring with a dropping silver price it could turn into a wasted effort.
If the greater context continues I think it'll repeat this again, I might even try to trade the range

HOC is not half as popular and has no big uptrend to support it.
Ive drawn in support at 224 and 212. 224 is in influence now


Adding to losing positions is not a cheerful task I would suggest diversification as best. I will add a couple things on friday but knowing my luck I will miss the best prices

worldtraveller

Interesting story for you guys watching the BP SP currently.

tradetime

worldtraveller wrote: »

Interesting story for you guys watching the BP SP currently.

Yes it's actually quite amusing and educational to watch, the "so holier than thou" US is gradually turning into a banana republic where the laws that supposedly provide protection for investors, or anybody else for that matter, the famous "rules of the road", that are supposed to make people feel safe, can just be upended whenever they feel like it and a new rule retro-actively imposed. On that basis, you might as well save a whole lot of money working out a framework of rules for things, and just impose a rule for the occasion as and when.

tonygee_3

OUCH,EXACTLY same as yesterday;)

Lucky ESCAPE with BNC,Sabre

tradetime

1150 support on SPX should be tested as expected, will be interesting to see how brave buyers are there.

fullstop

Topped up my holding in NG today after a fall. Deutsche have them a buy, and HSBC have a overweight view. 23p dividend also on the cards for start of June.

Looks a pretty secure stock (I hope)

tradetime

tradetime wrote: »

1150 support on SPX should be tested as expected, will be interesting to see how brave buyers are there.

So far so good.