UK Stockmarket 2009 and beyond

StevieJ

Stronger China data wakes up the markets :beer:

http://www.bloomberg.com/news/2010-09-01/china-s-manufacturing-expands-at-faster-pace-from-weakest-gain-since-2009.html

blinko

was gonna ssay everything is green todya, whether it reamsins though will depend on Friday

edinburgher

FTSE up 1.67% last I checked - stronger response than I'd have expected.

sabretoothtigger

It is more positive then expected though asia going up was justified chart wise. Australia had already broken its fall previously and Japan is a bit battered but well within rights to rise.

USA or UK dont really make so much sense, maybe its turning around, a new dawn and all that but the current daytrading consensus is a failed rally for today and/or this week
Same deal as sunday/monday, 1075 was the ceiling and it'll fall from there.
Since everything copies usa it'll not last I guess

SP500 volume was good yesterday and it recovered well at the end but only to the point where its ready to continue the trend of falling, etc

Crude oil similarly http://img697.imageshack.us/img697/1482/img12833369745421700308.gif


Watching a few small caps at the moment.
POS - going nowhere thats a good thing, strength at 45
SKR - I think its bottomed at 17 now, probably wont exceed 22.5 before news
HDY - Hoping for 270, they found some gas but how much
EMED - Fallen back but I think it stays above 8.5 and continues up
POG - Nice recovery buts its Russian, could still be cheap on fear
RRL - tiny warlord stock but its chart is the most positive of all?


The Dollar yen rate is near its 15 year lows, I presume we aint going anywhere fast till some very big money can decide where to go. Gold generally seems to benefit

cashbackproblems

Its amazing how AIM stock can be losing to thousands one day, then the following week your sitting on 100% profits!!

i.e. Sirius Exploration.

Stavros_3

FTSE 100 up 2.7% kerching

edinburgher

I saw that Stavros - very nice as it had retrenched to +1.4% last time I looked this afternoon

ses6jwg

I bought some Greggs

sabretoothtigger

Nice, I like Greggs too but this thread is about shares ses



Just looking at EMED and wondering if its set to continue. Stochastics daily have bottomed out similar to July when it rose 25%, I dont normally use that indicator but I think it can give a clue to momentum sometimes
I have an uptrend around this price and fib level from the bottom to top show a 61% retracement is here. Is that enough mumbo jumbo to justify a rise, who knows.
Also 8p is long term support roughly as most of the company is owned by just half a dozen holders.
They signed off like 1% shares at 5p recently and got an insurance permit for a dam, so tumbleweed type news

I just bought a tiny amount after selling the same amount at 10.5p . Seems a reasonable range to trade.
http://img442.imageshack.us/img442/7848/img12834289404475894610.gif


Quick look at greggs chart. Found support in August and it looks like its breaking its downtrend from this april.
If it stays above 444 into next week then it could continue the rise from 2009.
Low prices of today and yesterday were above the shorter term 5 day average



Sunkar doing well on this recent fear reversal. They are at their 200 daily average, a reasonable place to sell some off. However I only bought a bit so really I'm tied to wait for closer to 30 which is the upper band here:
http://img833.imageshack.us/img833/6896/img12834298657652987907.gif


Looking for 1090 SP500 to be a place for hesitation and doubts. euro is feeding some hopes but really its gone sideways for 2 months so this is all speculation more then anything. more usa jobs figures in 9 mins

blinko

well anyway markets up again today, i think tomorrow news isn't going to be good, maybe not bad but definately not good