UK Stockmarket 2009 and beyond

blinko

cloud_dog wrote: »

Just like to mention MXP.

Having enjoyed and then suffered with MXP over the last few years it looks like it may have something to prove.

Latest hole has intercepted oil 300m in to a 900m TD and this has caused the SP to double from 11p to 22p over the last week. We are all now waiting for the RNS to confirm TD and wirelogging to hopefully provide oil estimates. Possible P50 of 50mmboe I believe.

Could go back to 11p or up to 30p-35p range.

They also have another 4 holes to drill in this campaign before they work out how to fund their deep prospects.

Oh, come on MXP - 'Show me the money'

insider info reckon shtey will relase a GOOD NEwS either this week or next hold tight

im gonna need a little helo0 to reach my october FTSE prediction of 5750

sabretoothtigger

Still looking for a top around here, 5700 was a good diving board today just at the close. Lows of today were a support level and so it'll repeat till big money sells or buys I guess


Shell did well today for such a big slow share, high price was resistance and obvious because its pretty much the years high. I thought about selling but still I keep this one as something to sell off on the next big surge or otherwise hold. I got rid of a tiny bit of A shares I got by accident, my mistake but has well beaten cash anyway


Got some cairn back, gog and pog I wouldnt trust inside info on mxp, I drew a chart instead much clearer http://img180.imageshack.us/img180/36/img12883676630274.gif
MXP is above the 200 day average, its a positive looking chart. Beaten august highs, thats some support, obviously big news matters more

Also RRL near to the edge I figure, reports on all their badland activities Georgia, Somalia, Texas :cool:
http://rangeresources.com.au/index.php?id=80&rid=t_1593&mid=122&aC=0df261b3&jumpurl=2
http://rangeresources.com.au/fileadmin/user_upload/Financial_Reports/Quarterly_Report_For_Period_Ending_30_JUNE_2010.pdf
If I was a smart guy I would have waited till now to buy RRL. Its the darkest hour type opportunity, can of course can be worse but its really stretched this years uptrend to the limit and its when the elastic band appears about to break thats when it could move the most I estimate. anyhow I havent read the reports yet, price didnt move so I guess its no news, topped up my tiny 0.65% overall holding

This Week's Hit List

From top chartist Zak Mir of Zaks-TA.com

Zak Mir, former technical editor of Shares Magazine, is one of the UK's best-known chartists, having appeared on both CNBC and Bloomberg TV. On Zaks-TA.com, Zak uses a variety of charting techniques to study the major markets and individual stocks of interest, providing subscribers with dozens of updates each week.

As a recent addition to the service, Zak now provides a weekly "Hit List" of around 10 stocks or markets he believes are currently the most interesting from a charting perspective. Updated each week, you can see how Zak's predictions from the previous week (in italics) turned out, and get charts for the latest stocks of interest.

To find out which stocks make the list next week, and get all Zak's charts and analysis, including daily Major Markets reviews and reports on active FTSE 100 stocks, join Zaks-TA.com now.

And here's an extract from this week's list (first published on 27th October) on Zaks-TA.com:


BT Group (BT.A): Originally 147p; Now 153.2p after 159p - Exit

While it has been disappointing given the extremely strong technical and fundamental back up, BT looks as though it is worth sticking with following the weekend editorial backing. This is expecially so given the now 3 day support at and above the green 10 day moving average of 147p.

Essentially hitting 159p delivered on what we would want for a Hit List contender, although ideally the shares would have made a better attempt at cracking 160p this week.



Ocado (OCDO): Originally 132.9p; Now 148.5p - Exit

Ocado was not put into the Hit List yesterday at 132.9p largely on the basis that I have an irrational dislike for the company and the manner of its IPO. It was also the case that Autonomy had just been backed and tempting fate with two high risk buys seemed beyond the talents of even the 'UK's Leading Chartist'. But even the shares of the online grocer are 5% up since yesterday, the end of day close back above former 132p August support suggesting that the last 160p plus September high is the target. The big negative is that there is stiff price channel resistance at 140p, but the bear trap rebound target is in theory stronger.

Perhaps, or maybe because of, my fundamental dislike of the company and the manner of the IPO, Ocado has proved to be one of the most successful Hit List stocks to date. The resistance line at 150p is a good cue for an exit.

To place a spread bet on stocks or indices from Zak's hit list, and benefit from some of the tightest spreads around, including a 1 point FTSE Rolling Daily Spread*, click here.


Cairn Energy (CNE): Yesterday 382p; Now 378p - Exit

Cairn is also a last chance saloon support play, even though it has been quite a surprise that the black 200 day moving average at 411p broke. The view now is to go long of the shares against the March rising trend channel floor of 385p, with only an end of day close below this level upsetting the prospect of a 200 day line retest. Sub 380p intraday suggests that even the falling RSI support line down to oversold 26 cannot drill Cairn out of technical trouble.

While it is tempting to stick with Cairn on the basis that it is so oversold, the view expressed yesterday that sub 380p abandons the bottom fishing argument has to be acknowledged. This may be a decent contender to wait on for next week’s selection.


New Additions

Desire Petroleum (DES): 101p

Although the recent share price blowout at Desire may lead some to think that this is a stock well worth avoiding, there is bearish divergence in the RSI window between the last two lows, with a bear trap rebound today from just below the initial 63.75p intraday low. The view now is that while there is no end of day close below the 62.5p low of yesterday the upside here even as a dead cat bounce could be the green 10 day moving average at 82p as a minimum.

If Desire had been posted a few minutes after being written up (as is usually the case) it would have been the best ever recommendation on Zaks-TA.com in terms of the timing of the call when the shares were at 71p. Now over 30% and some four hours later there may be a chance to enter the stock on a dip towards the black 200 day moving average at 97p. But it has to be admitted this is now only for the brave whereas at 71p it was a “safe” prospect accompanied by the bullish divergence. A retest of the 140p intraday high so far is the best scenario.

To find out which other stocks are on this week's Hit List, and get all Zak's charts and analysis for as little as 179 pounds (even less for t1ps.com subscribers), join Zaks-TA.com now.

*The FTSE Rolling Daily Spread is 1 tick during the hours 8.00-21.00 and can widen overnight.

The value of investments can go down as well as up.

Anyone considering following the share tips contained here should seek independent advice from a Financial Services Authority authorised Stockbroker or Financial Adviser.

blinko

talk to me here where did my 5750 go !!! bummer, been an awful week in teh markets for me lost 3% on my funds ouch down frmo 12

i'd hold shell that still has legs i feel especially as BP is out of the question now plus the divi is nice on it

geez i would avoid DES tghats a gamble not a stock its goingnuts in the falklands there are better shares out there

anyway good luck all for next week

blinko

just fopund this

http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/8094462/Revealed-how-Desires-advisers-have-cashed-in.html

JamesU

If anybody is reading this thread at the moment with online trading access, could I ask a quick favour?

Could you check the bid/offer spread on RBPI for me and give time? (RBS RPI bond).

Currently I have buy/sell of 99.95/100.7 at 10.10 using i-dealing as trading platform.

Thanks


JamesU

uk_steve

sabretoothtigger wrote: »

I love that pic, its really good,sums up the market really well, just need some headless chickens running around in the background saying sell, buy,chicken pie,

this has put a smile on my face today :-)

turbobob

James, at the moment I can see Bid price 100.00 Offer price 100.74 @ 12.34

JamesU

turbobob wrote: »

James, at the moment I can see Bid price 100.00 Offer price 100.74 @ 12.34

Thanks Turbo, I have @12:51: 100.15/100.9.

Think this enough of a test. Bid/spread on two seperate platorms is roughly the same at approx 0.75%. Important consideration, wanted to check my spread was in range with others. Appreciate the check on your side!

For anybody interested in Barclays and RBS RPI/Libor bonds as hedges against inflation and interest rates, thread discussion below and more detailed info in the links on the posts there:

https://forums.moneysavingexpert.com/discussion/2834166


JamesU

Stavros_3

The Ftse has been in positive teritory all day..............Thats til the yanks opened grrrrrrrrrrr

blinko

gold dropped 20 points aswell, we need to see QE2 i think its gonna be a bit messy, i think the markets got a little bit too excited here and were expect 2-3 trillion when its prob 500bn

but letss see either way fundamentals havente changed and well done to GKP and XEL