UK Stockmarket 2009 and beyond

1echidna

Oil recovering and they are going to beat this cost hike trap. The driving force behind the economy anyway. My feeling is bullish.

sabretoothtigger

I noticed vodafone is at support, as is HSBA and RDSB which would mean today could easily be positive.
BP went sideways for a bit and resumed a downtrend, not sure on it really except to say I think the oil price could reverse up a bit for a few reasons

HOC and POG reversed their gains a bit, they are very tradable with so much fear around it seems.
I see emed has fallen to a sub 10p price but I think it might come closer to 8p. Is it still ok to buy, I read a research note but was slightly put off by its emed commissioning
http://img39.imageshack.us/img39/5751/bigchart.gif


I think previous history is good way of gauging present moves, anything that helps you find your feet in these rough seas


EMG seems a reasonable prospect. At support, approaching ex div and they used some cash to buy GLG which sounds good ?


Eur vs USD is still in downtrend though it looks better short term, its just acting off the bottom and overall I think its doing the same as since Nov

Eur vs Yen also looks bad, below support and below a negative trend line. I think its OTT but who cares what I think :laugh:


I see gbp vs yen as slightly better so I sold a commodity fund which had shorted oil to buy some neptune japan. Though its fallen 9% I can see why and apparently japan gdp aint so bad, 4% I think they said today

I bought hsbc indian equity fund as ruppee shows no signs of being weaker then sterling so I think that makes a reasonable case for longer term holdings.
I sold indian tracker etf lnft and telecom plus as I think that is near resistance maybe.

I intend to sell cairn at some point, they report today. Might have left that a bit too late

Kaz might be at support. Asia pacific appears to have been be a terrible idea (short term) but rio and bhp also at support I think, considering I originally bought some of this half the price I still think its ok to have rather then sterling cash which looks pretty bad in itself

tonygee_3

Little bounce today,dont think were out of the woods yet
NG. (mentioned on here ) drops 8% RI(bought some)

StevieJ

I have sold all my small company funds now and tranferred to Artemis Strategic assets, I think small companies will bear the brunt of the austerity measures to come.

turbobob

Moved back towards the lows this morning. Commodity and mining related are taking the brunt of it. Anyone buying?

StevieJ

turbobob wrote: »

Moved back towards the lows this morning. Commodity and mining related are taking the brunt of it. Anyone buying?

Why have the commodity shares moved from well up to well down?

tonygee_3

StevieJ wrote: »

Why have the commodity shares moved from well up to well down?

A few chancers who have given up,bubble popping.
Bought SSE fallen in sympathy with NG
50p DIV shortly
Think could be switch to big yielders soon

turbobob

Not really sure why the miners are fairing badly today in particular. They've lagged from the off, but it really accelerated mid morning when the whole market went down. Miners are high beta so tend to outperform when the market as a whole is going up and fall fast when it goes down. Most commodity prices have been hit over the last month and are down today, but I can't see anything today that could be considered unusual.

sabretoothtigger

Nice bounce off BP today its showing as the highest performing stock today. Anywhere near 500 I think it becomes a long term buy but who knows maybe that was close enough for many people


http://www.investorresearch.mdgms.com/www/landing_page.html




Some guy who called out 11000 dow in april last year says we are due a 50% drop from the top so 6000 dow. Seems unlikely still


Dollar is mid way still, tomorrow it will hit a uptrend line and we shall see what happens I guess


Bought a tiny bit of
lloy bnc skr hyc hdy

Bigger possible prospects to me would be like BP EMG or one of the the better yield commodity maybe but high yield might be best like tony says I think






If simple conclusions are best, I present to you my chart for trading genius



Think of this as a ladder, if we miss a step up it tends to go down quicker


http://www.stocks-n-options.com/price_channel.html


pro ver - http://img707.imageshack.us/img707/5295/q44kqz.png

turbobob

Dollar one of the few things going up :eek: "De-risking" is the buzzword of the moment. From what's happening in the US now, a bounce tomorrow is looking unlikely.