January 23, 2012

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Chart of the day: Old Mutual overbought….

Nowadays, financials have price moves like that of small caps. Old Mutual, shown here, went up by 50% in two months. Prices have been going up ever since the breakaway gap at 120p last month.

Technically, we would not chase the stock higher from here. Its momentum indicators are all in overbought territories; while prices are at the top of the medium-term range at 150p. Meanwhile, prices are far above its 50-day moving average.

A better entry range is to watch for a consolidation into the 130p range. Place stop at the prior resistance at 120p.

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January 17, 2012

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A great tweet from Goldman Sachs Elevator Gossip: @GSElevator

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#1 (into phone): No, fuckhead. RBS is not the Central Bank of Scotland. #2: Who was that, Jon Corzine? Follow @GSElevator on twitter as all things heard in the Goldman Sachs elevators do not stay in the Goldman Sachs elevators. Email what you hear to elevatorgoldman@gmail.com

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January 15, 2012

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Warren Buffet – his top 10 holdings

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As of 30th Sept 2011 Warren Buffet’s Berkshire Hathaway was valued at 59.1bn. Here are the top ten positions: 1) KO – The Coca Cola Company 22.85% of portfolio. 8.7% held. 200 million shares. 2) IBM – International Business Machines 16.96% of portfolio. 4.8% held. 57.4 million shares. 3) WFC - Wells Fargo & Co 14.7% of [...]

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January 20, 2012

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Chart of the Day: S&P 500 tests major level

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Equities extended their rally yesterday but the Russell 2000, which we discussed on Wednesday, lagged slightly, up 0.4% where as the S&P 500 added 0.5%.The golden-cross will occur today on the small-cap’s index, as the 50-day exponential moving average closed yesterday within a cat’s whisker of the 200-day EMA (to read more subscribe).

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January 20, 2012

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Stock Market Trader – No experience necessary

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Have you ever considered a career as a Exchange trader? We now have trainee stock job roles to help you on the way to a new career as a stock trader. Did you know private Foreign Exchange traders take home 100k to 2m per annum, with many traders starting with less than 10k in their [...]

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January 20, 2012

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The Day Ahead: Friday January 20

Friday January 20 INTERIM DIVIDEND PAYMENT DATE Acal, British Smaller Companies VCT, Cranswick, London & Associated Properties, MS International QUARTERLY PAYMENT DATE Personal Assets Trust INTERNATIONAL ECONOMIC ANNOUNCEMENTS Existing Home Sales (US) (15:00) Producer Price Index (GER) (07:00) GMS Nighthawk Energy EGMS Air China Ltd. AGMS Advanced Power Components, LED International Holdings Ltd (DI) TRADING ANNOUNCEMENTS [...]

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January 19, 2012

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The Day Ahead: Thursday January 19

Thursday January 19 INTERIMS NCC Group INTERIM DIVIDEND PAYMENT DATE red24, Tarsus Group INTERNATIONAL ECONOMIC ANNOUNCEMENTS Balance of Payments (EU) (09:00) Bloomberg Consumer Confidence (US) (14:45) Building Permits (US) (13:30) Consumer Price Index (US) (13:30) Continuing Claims (US) (13:30) Current Account (EU) (09:00) ECB Report (EU) (09:00) Housing Starts (US) (13:30) Initial Jobless Claims (US) (13:30) [...]

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January 18, 2012

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Take part in eFinancialCareers’ bonus survey

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As bonuses start to be announced, we’re gauging both the size of this year’s payouts and the extent to which they’re deferred. Please take a few moments to complete this survey on 2011 bonuses, and please be as frank as you possibly can. All responses are of course received in complete confidence. The results of [...]

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January 18, 2012

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Chart of the day: BP edges above congestion area….

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While BP has been a laggard in the oil & gas sector since the Macondo oil spill in 2010, from time to time the stock generated relative outperformances. Such a period may… (to read more subscribe)

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January 18, 2012

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The Day Ahead: 18th Jan

Wednesday January 18 INTERIM DIVIDEND PAYMENT DATE Home Retail Group, Hyder Consulting, National Grid INTERIM EX-DIVIDEND DATE ACM Shipping Group, Ashtead Group, Consort Medical, Games Workshop Group, QinetiQ Group QUARTERLY EX-DIVIDEND DATE Caterpillar Inc. INTERNATIONAL ECONOMIC ANNOUNCEMENTS Capacity Utilisation (US) (16:15) Crude Oil Inventories (US) (15:30) Industrial Production (US) (16:15) MBA Mortgage Applications (US) (12:00) [...]

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