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RKH did actually move rather substantially once you'd said that. Been there, done that. <really big grin> However, I do agree with the sentiment.
Firstly, on BP, the really good number is 417 and the really bad one is 390 - neither of which look like being breached in trade tomorrow. In the opening hour, anything above 407 will suggest it's going up and anything below 400 will suggest it's going to drop and bounce off the 390. Traded it today with some success but will not be going near BP tomorrow. On the market in general, software says Thursday is going to be an UP day in early trading. My analysis is biased on moves in the miners, oils, banks, and insurers and ignores the salient fact that despite the DOW ending up tonight, it actually achieved a lower low and lower high than yesterday. In early trading, anything above 5563 will suggest software might be correct and anything below 5540 suggests a DOWN day. ITF - with regard the rumour, it has been the subject of some daft debate in the low level chatrooms. Does it involve an asteroid, does it involve ET, does it involve Iran having a viable nuke. Or are they about to ban naked shorts - which would bother me quite a lot. Or is it just a rumour which can be ignored. Whilst the market has flattened this week, given the period of UP we've just experienced, that is no surprise. I shall listen to "What the papers say" tomorrow evening but the cynic in me thinks it's just a rumour. Or Elvis is alive and well, co-habiting with Dianna and running a chip shop in Essex. As for the petrol, we used my car - a fuel efficient (not) V8 turbo charged petrol engined people carrier thing. Well, the dogs like it! 50p per mile...
Be wary this Friday - remember that story about the international media embargo. The embargo on reporting finishes on Friday, so if there is anything to the rumour, we shall know then. Certainly, the market has flattened a bit. In a similar vein, if you look at the DOW chart for 2001, you will notice the Sep 11 dip started 7 days previously... STW - glad you liked it. I'm going to have to face her and not giggle. She's coming here for a few weeks to recover from the operation.
Software suggested a look at Leni so assumed there was a ramping team busy in regular chat. There isn't but there was an interesting comment about the spread being tight. From a charty viewpoint, any trades above 2.5p will suggest it is about to get very interesting but until such.... Software suggests Low Downward Pressure at the open tomorrow. There is a critical number on the FTSE in early business and it is 5550. If that gets broken, the uptrend for the last two weeks will also be broken and a new trend beginning. I noticed the DOW broke its uptrend today. Wife decided to visit her sister (the one with knickers on her head) and booked a train. Then we discover the ferry is cancelled due to weather so I have to drive her to the city. Bang went the day as it involved a 160 mile round trip. Roll on tomorrow.
Trades below 14.75 would suggest it's a stitch up. However, that movement broke the 2 year trend, so I doubt it. What do you think of 888's movements. I've a red flag at 45.3 and a blue at 51p with a target of 71p.
Thanks for asking for my take on this one. It is a fascinating chart. It broke its very long downtrend from 2006 in April of this year and retested it in June, signalling a steady recovery. There's a wee problem with giving potentials because it has broken above logical parameters and thus, a simple suggestion would be that there will be resistance potential at 185. In the immediate few days, 148 would be a bad number to breach, though only suggesting it is retreating into a logical channel. And if 154 is breached, the target price is going to be reached much sooner. On the wider front, the really really bad number to breach is currently 138, trending upwards by around 1p per day as that would suggest it has broken the uptrend completely. And if 161 - trending upwards by around 1p per day, is breached, it will be very difficult to say how high it could go. I notice the techy charty indicators are suggesting a softening of the price is coming but I'd suspect it will remain within the current trading channel of high 140's and mid 150's. A really unusual chart. Usually, I can glance at one and know what's coming next with a degree of confidence but this one is different. Thanks for giving me this to look at as I'll happily do a day trade punt on them when it breaks above the current tight channel - assuming it does. And if it all goes wrong, lowest level support is at 38.6p <grin>
Thank goodness you're back. I've made up this whole fantasy life about me moving house and settling into a new rabbit hutch since you've been gone in an effort to make Premium entertaining, though often less than accurate.. <grin> Whilst I do appreciate you're not intending to be too verbose, if you see me talking rot about something, please step in. Al
As usual, no idea who this lot are but it's starting to show some consistent movement and, it's cheap. No idea what the real-time spread is though so it's maybe not worth looking at. However, any trades above 0.3p tomorrow will suggest it's going to do a spike of some sort. As for the market in general, if we see below 5400 in the first hour, I suspect we're going to have a DOWN day which might get quite unpleasant. 5433 would suggest the converse. Given the way the DOW has performed this evening, at time of writing it looks like the market will open down anyway. From my viewpoint, that was a great day on the market. Lots of ups and downs and tends to suit my erratic style of trading for intraday misbehaviour. However, 22 deals in one day was perhaps a tad over-enthusiatic as my sensible target is to only trade once a day. In my defence, it was raining, hailstones, thunder and lightening so I decided a day at the PC would be 'fun'. 888 has broken its firm 6 month downtrend, so I'm watching catefully for any signs of it relaxing to test the breakout. I think I'll bail if I see any trades below 39.12 at any time tomorrow. RBS is maybe slowing down. Bad number in early trading is 45.7 and the reassuring number would be any trades over 46.3. Slightly of worry is the fact the long term support is currently at 43.2 and I'd be happier if the SP was higher above it.
I'd a rotten day. Boring beyond belief. Because my emphasis is on FTSE 100's, there was a distinct lack of excitement. On BMR, any trades below 2.73 tomorrow would suggest 2.41 is going to be tested and anything below 2.41 will suggest the spike is over.
BJU dropped into the list tonight and it's got quite an interesting chart. There is potential for it to run up to 199 fairly quickly but any trades below 175.2 in coming days would rubbish that statement. On the market in general, seems I'm one of the few who found it a complete waste of time. Except for 888 which was nice, though I shall bail tomorrow if I see anything below 38.05 in early trading. I'm a bit worried about Lloyds and Barclays as they both are coming off the boil. For Lloyds, 72.51 is the bad number in early trading and 73.02 would suggest my concern is wrong. Similarly for Barclays with 320.7 and 328.8 being the two important numbers. RBS on the other hand is still bubbling away. On the FTSE itself, today essentially didn't happen and it remains in a similar position to that on Friday. Anything below 5433 in early trading would carry the suggestion we're facing a down day whereas 5447 would suggest the opposite. However, I notice short term resistance at around 5480. Software says tomorrow is to be an up day by more than 1% which I really think is improbable given that the leading sector is projected to be the major miners and their RSI's are kinda high. As for LE Vellocettes, I saw one today lying on its side with a taxi pulled up. In the 1970's, my brother and I kept one as a 'spare' bike for when our real motorcycles were in bits. For some reason, on three occasions when my brother was riding the slate gray machine, he was knocked off by a taxi. The one lying on its side today was also that colour and yes, the taxi had whacked it whilst doing a u-turn. Nothing changes. So, how am I going to bring this around to the market? The LE Vello was the original noddy bike, a totally safe and innocuous motorcycle which would tend to get hit unexpectedly. On the futures forums today, a story started doing the rounds that the major news feeds have an embargo on a MAJOR news story until the 17th September. This supposed story is allegedly going to effect world-wide stock markets. Or alternatively, because the market is rallying, someone is attempted to inject some fear into life, a bit like someone on an LE when they see a taxi. What was interesting is that the rumour started at 15:50 and within minutes, the ViX index (the fear factor) showed some movement. Me, I would still ride an LE.
Firstly, take a look at this stocks chart in a 2 year window. It's really quite unusual and I wish I'd picked up on it previously. If there was ever a share where sticking with the trend matters, this is it. However, software only flagged it up as due movement upwards a couple of days ago. Personally, whilst sticking with the trend is my favoured mantra, I'd have some concerns if I see any trades going through below 310 and below 300 would signal a sharp reversal in fortunes. But what a chart. Other numbers of interest for Monday are; LLOY - trades in the first hour or so below 72.48 will suggest a down by around 2p is coming. Above 73.4 would suggest the previous statement is tosh. YELL has 16.67 as the good number and 16.3 as the dangerous one. The other day I mentioned a phone call about a family member who requires a triple by-pass and has been told to take it easy. So today, he was lazing around in Tesco cafe whilst his wife, my sister, did the shopping. Which was probably not the best place for him to suffer a mild heart attack. So he's now lazing around in a cardiac unit and probably getting carved up tomorrow or Tuesday. We're all mortal!
Dunno who this lot are but something has been happening with their stock. The suggestion is that if any trades go through above 16.8 in the next couple of days, we may see a spike but logic suggests it may have a 25% limit and be further stymied by the spread. Perhaps worth watching. The really interesting thing would be if were to go above 20p. I'm a bit tired after visiting a house 1.5 miles tonight to pick something up, so shall be brief. Software says tomorrow, Friday, is going to be UP. It may be right in early trading but I'd suspect a dip and ultimately a down end to the day, Movement above 5387 in the first hour will suggest my software is right, movement below 5372 will suggest I am right. And if both numbers are breached, err.. ummm. And anyone who's a long or short running on an indice would be wise to remember it's the jobs day tomorrow which will probably be a non-event, judging by previous Septembers. As for other stocks, interesting that YELL broke its long term downtrend, just. This looks like a media inspired ramp rather than movement based on any fact so it's probably worth trading cautiously until an RNS comes out to stuff the price movements. I'll admit I'd taken some in the 14p range on the basis it was not going to be a big loss if it all went wrong rather than anything else. Historically, YELL does it's daft flurry days and today was one of them. Generally, these flurries last for around 4 days. The really big number for BP tomorrow is 397.2. I shall be quite pleased if that is exceeded as I've a buy order in place. The reason I'm tired from visiting the house 1.5 miles away is simply that it involved a round trip of 140 miles which I hadn't factored in. I'd won something on ebay and wanted to pick it up by boat on Sunday as I can literally see the guys house from mine. But he goes to the city for the weekend, so I opted to drive round - a mere 50 miles. Of course, once I'd picked up my bundle of stainless steel pipework (another story) and was driving home, I came across a polite sign letting me know the route home was now closed for the night due to road works and I could either drive 70 miles to catch a ferry or take a 90 mile detour. As the last ferry was probably going to be missed, I opted for the detour. But to look on the bright side... there isn't one. I am really tired.
"Higher low price but CLOSE price change down or unchanged. BUY? Check Chart" This is the opposite of my 24 hours to get out signal and generally signifies immediate intraday up movement. Bad number tomorrow is 93.1 and anything over 103.6 will suggest a quick spike is coming. Looks like the market had a pretty good day and the 2nd bottom threat is gone as logic no longer supports the scenario unless there is something really calamitious. Instead, logic now points to a period of growth for the next wee while. The bad number for tomorrow on the FTSE is around 5322 as breaching that will suggest a test of the breakout level of 5260. Exceeding 5420 tomorrow would be equally bad as I've no idea how to factor that sort of movement in. <grin> Software has market Thursday as no trend possible and given the width of the logical trading range, I guess that's going to be right. What was REALLY interesting about the FTSE is it broke both it's short term and long term decline trend today so I guess things are about to get better. Lloyds has good and bad numbers at 72.93 and 70.52 And YELL only broke its short term decline. If we see movement above 19p this month, the long term decline will have been broken. And VIY looks like Thursday is going to be an UP day again. Today, I didn't get to do any trades and was sitting behind a safety barrier marking up the plans for a building and absently watching the ankles visible below the barrier as people walked past. (I cannot believe I wrote that sentence) Suddenly, my attention was attracted to a pair of really strange womens shoes. They were maroon in colour with quite a high heal and pushing a buggy. The feet stopped as the woman crouched down to check the buggy and I had to call someone over to witness what I was seeing. I have never seen feet so big! The guy I called over gave me a "nutter" look then looked down at the gap. So he called someone else over and so it went on until we had this group of guys looking in amazement at these shapely but very very big feet in fancy shoes. Eventually, the feet walked off and belatedly, I realised not one of us had actually thought to look around the edge of the barrier lest Hagrid be hiding and waiting. My brother has size 12 feet and I know big feet when I see them! Anyway, the exersize proved there is life beyond being a trader. And life can have big feet. Roll on Thursday and getting back to the market.
AFC flagged up tonight as being of significant interest over the next few days. This will be nice. It's the only share I've ever tried to 'leave the profit running' as I withdrew my core money and left the profit in the shares, then totally forgot about it. Last time I sold, I think it was around 23p and the suggestion in the charting is if trades start to go through above 19.88p, we should see proper movement. I think the target last time was around 30p. As for the market itself, software says tomorrow should have an initial trend of UP (let by the insurers) but given the DOW's lack on enthusiasm, I will not be surprised if 'they' open the market down by around 0.2%. The FTSE remains within its downtrend unless we see over 5260 tomorrow and if we see below 5145, I would be going short. I noticed Lloyds broke its immediate downtrend this afteroon (okay I did 4 intraday trades on it today) and I shall be concerned should it drop below 68.4 tomorrow. Except tomorrow, I won't be trading. Some years ago, to help a family members business by becoming a free employee, I did a specific course which covered demolition to qualify me to participate in the destruction of several blocks of flats. 'Twas great fun and he phoned yesterday and whispered the magic words, "I need a triple by-pass and need your help again urgently as I've three jobs in progress just a ferry ride away." Given the choice, a day at my computer enjoying the view or doing pre-demolition planning. The small boy inside wins every time. Have a good day.
Once again, no idea who this mob are. Before posting tonight, I read briefly about whichever EPIC I'd charted last night and they appear to make non-stick chewing gum. Hmm APF are reported as having broken out of their downtrend and retested the trendline and should bounce. Or not. I've got their chart on screen and it just might spike within the next week. Which I doubt because there's a bigger problem. I recently mentioned that the only chart pattern I pay attention to is a head and shoulders formation which should typically take 3 months to form etc etc. I like the pattern, because it conforms to logical emotion - confidence - brilliant - well okay - stuff this, I'm off. And then, hey, that's cheap. I remember when I say it at xyz... Then again, who remembers Lancia - funny story at the end. The 3 month rule may be utter rubbish. Between July of 2009 and now, the FTSE (and the DOW) have formed lovely head and shoulders formations. Last time that happened was between 2007 and mid 2008 which is a bit scary as we all know what happened in 2009. I rewound back to 1998 to view a similar development which failed to meet the current trend - except that on that occasion there were 4 touches of the lower trend line before the market spiked aggressively upwards. At this point in time, we've had only three. Despite the euphoria of today, we remain within a downtrend unless the FTSE goes over 5210 on Monday which is unlikely 'cos it's closed. Anything above 5249 will make me heave a sigh of relief on Tuesday and I shall probably change from shorting to going long on most stocks. I may even buy some shares which will be a pleasant change. Whilst I love spread betting (through LSE Spreads, obviously) I use it to keep a flow of sometimes not very easy income and there is less stress in the absurd habit of saying, I own 1,000 share in XTA or 120,000 RBS. After all, it's only money. Lancia is perhaps the best head and shoulders pattern. They made brilliant cars which fell apart - most failing their first MoT test due to chassis or brake line corrosion. I once notoriously drove from Glasgow Airport to Gatwick Airport one night in something called a Lancia Monte Carlo. My rather drunk passenger kept shouting, "keep it above 120 or I will miss the flight". The journey took 4 hours and the now sober passenger exited the car at 5.30am to be part of a trade delegation to Moscow. I'd averaged over 100mph for 4 hours which is probably a sin... I drove home, as far as Kendal, then fell sound asleep in a service area. I loved that Lancia and if I ever see one cheaply, I will buy it . In the UK, Lancia did a head, shoulders, feet, grave formation which was probably not a good thing. And in a similar vein, has anyone noticed the Renault F1 team are being sponsored by Lada Cars?
The number of times I've commented on an AIM and got it right is vanishly small. May stick with this ammended formula.
Changed the algo on my software tonight to produce definate long term trend breakouts and this one was mentioned. No idea who they are or what they do. But if any trades go through below 31.5p in the next few days, the software will be wrong. Anything above 32.7 suggests a spike. But I doubt many shares will be doing anything interesting as software suggests for tomorrow; "Immediate market trend based on sector movements: Have a morning in bed. Looks pretty poor for the FTSE All Share :" As tomorrow is Friday, it's probably going to be wrong BUT there is another piece of wording given; "Total number of SELL alerts: 207 out of 586 stocks analysed :35.3%" That is my usual 'you've got one day to get out of this' signal as it's going down. It is given when the closing price is actually up on the previous day but the intraday high was not as high as the previous days best. Generally it's pretty reliable and gives around one days grace to escape a stock before a downward movement. Last time it posted this signal for such a large percentage of the market, it dropped two days later by (from memory) 2.5%. On the FTSE itself, tomorrow I will consider a short position if it drops below 5144 in the first hour and a long if I see 5173 in the first hour. BP has 385.7 and 387 LLOY 67.7 and 68.7 BP 381 and 389 YELL (yes I still check it) 15.2 and 15.6 TW. 24.8 and 26 As usual, if I see the lower number , I consider a short and contrary for the high numbers. Given the DOW's movements tonight, I applied some logic to the current paths and see 9654 as the bottom for the DOW and 4965 or 4910 as the logical bottom for the FTSE - the FTSE is sending mixed signals! The greater worry is the threat of this bottoming will not vanish until I see over 5300 on the FTSE which is a bit like expecting me to make a good Cantonese sauce. I read (actually printed out) my rumblings from last night and was amused at the unfortunate grammer, spelling, punctuation, and so on. The core issue is that I cannot type as fast as I think so things get jumbled. English is actually my first (and only) language, so sorry about the gibberish.
Keep a weather eye on the VIX index. It hasn't spiked regardless of that's happening tn the market which seems to be regarded as a good thing. I think the core issue dampening things is that the USA economy apparently makes Greece look like a paragon of virtue. I listened to some blurb about various economies 'disconecting themselves' from the US and going in their own direction (for instance, the DAX) Oh, just noticed something on Lloyds whilst typing the above. It's almost certainly heading up tomorrow.
Thought I was going to be the first person to mention this but I notice GedW got here first. So, I guess I'm a kind of echo... (that was a joke related to the epic. I hate having to explain jokes) Anyway, my list of just 6 stocks suggested I take a look at this 'un. Quite a boring chart but something has been happening recently. Any trades above 5.04 in the next day or so will suggest a spike in the price. I always try to write something cheerful about the day but the dreary condition of the market has tended to dampen my enthusiasm. One the plus side, the FTSE did something this afternoon which was quite cheerful. It broke below its lower trendline, then recovered. If I were running a short on a stock, I would have closed my position around 3pm today on that signal. Really bad number in early trading for the FTSE is 5085 and the go long number is 5125. Software is suggesting the market will open slightly higher tomorrow. I've no gut feeling on it but notice its prediction for day was a load of tosh. BP going above 385 tomorrow will carry the suggestion the downtrend has completed. And BP going below 365 will suggestion the opposite. Lloyds is fascinating. Anything above 66.5 suggest the trend is over with confirmation at 68.4 What's a bit of a concern is that the ONLY shape I pay attention to on charts is a head and shoulders formation and Lloyds logical regression is to around 58p The shrine to my incompetence as a plasterer has caused some deep thought and once I'd finished sanding the whole room, hanging lining paper, puncturing the bubbles, etc etc had a vanishingly simple fix. I would get three of my published photographs enlarged (ok, the only 3 photo's I've ever had published) and hang them on the walls. A quick Google and I find a company that can blow them up to 3 metres by 1 metre. That will provide eye catching views on three of the walls and the bed wall has had poncy wallpaper put up which thankfully didn't blister. The photographs arrived today along with a rather salient thought. How the heck am I going to get these monstrosities framed and hung before my wife returns from her emergency trip to England.
Roxi was flagged up as being of interest in the end of day run so I've looked at its chart and to my eye, it may be of interest. If any trades go through above 7.2p, I suspect it's going to spike quite rapidly. Equally, anything below 7p will carry the suggestion that it's not going to do anything. Software is suggesting the initial trend on the market tomorrow is UP with the implication that the major insurers are going to provide the impetus. In my opinion, fat chance. Bad number on the FTSE in early trading is 5150 which will suggest this afternoons weak recovery was a con and the next stop is somewhere around 5050. A good number is anywhere above 5159 BP will need to breach 387 in early trading to stop this downtrend as anything below 374 will suggest a visit to the mid 350's. Lloyds need to exceed 67.82 to arrest the immediate downtrend but the longer term relaxation will not be halted unless it goes into the 70's in the next couple of days. If anyone (other than those whove been Private Messaging me) finds this data of use, please post something in Premium as the chat area was not designed to deliver my jaundiced view of the market and nothing else. PLEASE.