UK Stockmarket 2009 and beyond

gadgetmind

lvader wrote: »

I picked today to pick up some beaten up commodity shares, BP, XTA, XEL and KAZ were on my shopping list.

I've been going for resource funds/ITs and putting my research time into dividend paying blue chips.

I'm also picking up some European ITs and am considering one or two European ETFs.

However, the markets are currently showing nerves rather than blind panic. I prefer the latter.

worldtraveller

lvader wrote: »

I picked today to pick up some beaten up commodity shares, BP, XTA, XEL and KAZ were on my shopping list.

Sorry Ivader, I was amending my post and deleted it by mistake. I was just indicating that I expected a further move south on commodities, but I also agree that it's maybe a good time to start to drip feed back in anyway.

coastline

Looking at the Dow on here we could be in for a rally...how much who knows...
The chart is showing three lower low points recently so any rally could be short lived...but the indicators I've loaded up are now on oversold territory...lets see if I'm correct..

http://www.iii.co.uk/investment/detail?type=chart&display=chart&code=cotn%3AI%3ADJI&it=usi&timeframe=1y&index=&versus=&linetype=line&overlay=SMA_50&overlay2=&overlay3=&overlay4=&indicator=RSI&indicator2=slowstoch&indicator3=&indicator4=&chartwidth=500&buylines=on&triggers=on&Go=Plot

the FT100 is also oversold using the same indicators...

http://www.iii.co.uk/investment/detail?type=chart&display=chart&code=cotn%3AUKX.L&it=li&timeframe=1y&index=&versus=&linetype=line&overlay=SMA_20&overlay2=SMA_50&overlay3=&overlay4=&indicator=slowstoch&indicator2=RSI&indicator3=&indicator4=&chartwidth=500&buylines=on&triggers=on&Go=Plot

rockitup

I started following the videos from GrokTrade (FreeTradingVideos) on youtube. They mostly show S & P, Dow, Gold and VIX and show some support and resistance levels and other chart patterns each day.

Two videos a day, one is Pre- US Market, the other follows normal within an hour of the close. On the website there are, also free trading courses to help out the newer traders. Quite a handy site but his vids are helpful

http://freeonlinetradingeducation.com/component/k2/itemlist/user/4-deswoodruff.html

JamesU

gadgetmind wrote: »

I'm also picking up some European ITs and am considering one or two European ETFs. However, the markets are currently showing nerves rather than blind panic. I prefer the latter

Most of the EU ITs seem to be at 10-15% discount to NAV right now. For anybody interested, AIC article on EU IT asset shifts (focus on exodus from France) here:

http://www.theaic.co.uk/Media-centre/Press-releases/Asset-Allocation-US-biggest-winner-France-sees-greatest-exodus-of-money-/

Have you had any concrete thoughts on any preferred EU IT selections Gadget? Blackrock BRGE looks interesting maybe (lower discount though)?

EU etfs are now effectively at last year's lows and have given up all gains from post-Xmas rally (H50E, DJSC, IDVY, etc)

JamesU

gadgetmind

JamesU wrote: »

Have you had any concrete thoughts on any preferred EU IT selections Gadget? Blackrock BRGE looks interesting maybe (lower discount though)?

I'd been watching JEO for a while and bought on weakness. Remarkably, I'm still 5% up on capital!

EU etfs are now effectively at last year's lows and have given up all gains from post-Xmas rally (H50E, DJSC, IDVY, etc)

Discussion of those here -
http://boards.fool.co.uk/one-for-the-filthy-heretics-12554085.aspx?sort=whole#12554085

sabretoothtigger

rockitup wrote: »

I started following the videos from GrokTrade (FreeTradingVideos) on youtube. They mostly show S & P, Dow, Gold and VIX and show some support and resistance levels and other chart patterns each day.

Not a bad idea to get someones opinion like that. I've watched thermal1 on youtube for a long time just because he is unbiased and just looks at graphs for a sign.
Most of us expect it to rise after a fall so are not quite as objective




Dollar is really taking off recently but still not that great long term. Asia was down bad overnight so the only hope today is that USA takes a different turn

Many EU IT should show a good yield, extra discount is a bonus. I hold telefonica and santander who yield about 15% now, both global companies not really European. I expect more like that

Is gold or oil challanged? its inverse to that dollar chart mostly

coastline

rockitup wrote: »

I started following the videos from GrokTrade (FreeTradingVideos) on youtube. They mostly show S & P, Dow, Gold and VIX and show some support and resistance levels and other chart patterns each day.

Two videos a day, one is Pre- US Market, the other follows normal within an hour of the close. On the website there are, also free trading courses to help out the newer traders. Quite a handy site but his vids are helpful

http://freeonlinetradingeducation.com/component/k2/itemlist/user/4-deswoodruff.html

Another usefull site...

http://chart.ly/

I've watched this trader for a while...Chartpattern...but now its subscription ...still theres regular updates.
Theres plenty other daily bloggers on Stockcharts who are worth a look..
Chartpatterns daily chart book is still available...with many usefull indicators in all timeframes..

http://www.youtube.com/user/chartpattern#p/u

http://stockcharts.com/public/1092905/chartbook

If we get a spike bottom on the candle today it could be a signal for a bounce....but of what degree who knows...

http://www.iii.co.uk/investment/detail?code=cotn:UKX.L&display=javachart&it=li

sabretoothtigger

Yep, thats a pin candle I think they call it. A low that doesnt hold long is sort of bullish not that just one thing matters alone but here on my chart I drew support a long time ago so its expected so far [ISF]



These are weekly bars, usually more accurate long term
http://i.imgur.com/Aq3QH.png


FTSE lows today were the highs of 2009 recovery, swings and roundabouts!

coastline

Theres a few candles on this chart if you scroll back over the years...we need a long tail with the flat of the candle at the top..
Only one indicator of a bottom that...but its worth looking out for...good old internet has taught me a lot and saved me dealing blind ...its a hard game.. unless you just invest monthly and leave for years..

http://www.iii.co.uk/investment/detail?code=cotn:UKX.L&display=javachart&it=li