TRADE OF THE WEEK – sponsored by LiveTradingFloor

Close Brothers Group PLC (CBG)
Technical Play: Cup and Handle – Long
Entry Price: 965.00
Initial Stop Loss: 949.00
Target: 1000.00
Strategy
Short term indicators looking to break through long term indicators, volume building into the move, target the big figure of £10, news coming on Tuesday – 21/09 : move stop to [...]

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Interest rates – remain at 4.75%. The next MPC decision will be on October 6.
CPI – remains at 2.5%. The next inflation report will be on October 17.
Consumer Confidence – remains at -8 . The next consumer confidence report will be on September 29.
UK Manufacturers are worried about higher energy prices, having seen their costs [...]

Interest rates – remain at 4.75%. The next MPC decision will be on October 6.
CPI – remains at 2.5%. The next inflation report will be on October 17.
Consumer Confidence – remains at -8 . The next consumer confidence report will be on September 29.
UK Manufacturers are worried about higher energy prices, having seen their costs [...]

TRADE OF THE WEEK – sponsored by LiveTradingFloor

Aviva PLC (AV.)
Technical Play: Consolidation Breakout – Long
Entry Price: 750.00
Initial Stop Loss: 743.00
Target: 780.00
Strategy
Aviva needs to break through the 200 eMA, but it’s formed a consolidation, and I like it. Tight stop on this one, using the 200 as my protective stop. Needs to get through the [...]

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Interest rates – the decision to hold interest rates at 4.75% was backed by all 8 members of the Monetary Policy Committee (MPC).

However the MPC was concerned that increased inflation could lead to bigger wage demands.
Many analysts expect the bank to raise interest rates again by the end of this year
Consumer spending is holding up [...]

Share PersonalityPersonality:

Shares are like people, they have certain characteristics and patterns of behaviour
Understanding a share’s personality can give you an edge when trading it.

Timeframe:

•Whenever you look at a chart of a share for the first time, pull out the maximum timeframe

Get a feel for where the price has been and where it is [...]

PPI – The August Producer Price Index rose just 0.1%, as the amount spent by businesses on energy moderated after recent jumps.
Wholesale energy prices rose 0.3% in August after a jump of 1.3% in July.
House construction falls by 6%.
GDP grew by an annual rate of 2.9% in Q2 (versus initial estimates of 2.5%) compared [...]

Golden Cross (50 crossing the 200) on the SP500 is the talk across the pond – bullish signal. FTSE called flat to down a few points, Euro futures no direction. Aerospace – Defence consolidating on 200MA, looking for opportunities through this level, hence BAE trade. Little direction until the open

Commodities
What are they?

They are known as “raw materials”, “natural resources”, “hard assets” or “real things”.

They are the essentials of the lives of everyone in the world.

These includes things such as oil, [...]

TRADE OF THE WEEK – sponsored by LiveTradingFloor

JP Morgan Fleming Mercantile Inv Trust (JFM)
Technical Play: Consolidation Breakout – Long
Entry Price: 1033.50
Initial Stop Loss: 1020.00
Target: 1082.00
Strategy
The Trust is benefiting from an uplift across the equity investment sector. Tight consolidation which is required in this environment. 31/08 : Spread tightened, order book on setsMM stonger, tighten [...]