Yes it was a good burst, can not understand why it has now stalled a little.

It definelty bounced on support, but the indicators are that it should further up than that.

Wait and see job for me.

which way you people are playing AZN?

IMHO, if AZN doesn't get back above 2400, then it will test 2200.

Sounds a lot, I know, but think percentages rather than price and
move the decimal point one to the left.

You are now talking about 220p and 240p. Not such a lot now, is it?

Melnibone.

2 trades FTC short at 180p and 178p

melnibone-sounds logical. I am short from 25.36 and 24.81.

WHT moving ever up.

Wish I had caught that bus, but it does not go to the area I normally go to.

Just watching Al!

SOR is up 10p?

all you guys and girls are welcome to join in my new team investment game (see the game thread), just state which team you would like to join or even start your own team. everyone welcome to play along for a bit of fun.
:-)

sw - re WHT.

RNS on Friday said Mann finally loobed all his holdings, hence nudged up and I bailed. He sold the last tranche at 220p so someone made a killing.

JKX motoring now.

It's a bit loose, but there's a possible bearish head and shoulders
in LLOY.

We're playing with the neckline just above the 400p support at the moment.

Folk say that you need to be wary in buying Banking stocks in a rising
interest rate environment.

Melnibone.

They are probably right..but it's been hard resisting buying more LLOY
since they dropped back and a further drop (below 400p) would be too
much temptation to resist!

What a bizarre day! Among those stocks I am watching currently, my only
upward movers right at this minute are this strange non-related bunch:
In top spot - a tiny builder, followed by a FTSE100 miner, followed by
a sub-prime lender, followed by a media co...very strange mixture! (lol)

Stockbunny, folk say that the dividend cover is looking a bit thin
on LLOY.

Think what would happen if they cut the dividend?

Anyway, I'm sure that you'll wait to see if support holds
and time your entry point with impeccable aplomb.;-)

Won't you?

Melnibone.

Doubtful (lol) but I'll do the best I can at the time on timing.
If the div drops, true it would be unhelpful but with the yield as high as it is,a drop may bring it more in line with some of the others but should
(IMHO) still be worth having. That is the saving grace to me about LLOY
it is high so a drop is more likely to make it 'average' then terribly low
in comparision.
(All the above carries a wealth warning of course, it's based on bunny
logic, not the most accurate indicator around! lol)

Dow/S&P/Ndx seem to be holding around support at the moment,
around 10170/1108/1420.

I would really like to see what would happen at 10,000/1100/1400.

Melnibone.

Melnibone - I'd not have many longs on the go for sure.

;-))

Nothing moved much this afternoon, and I have just noticed the market is closed.

Funny I could not tell the difference.

Have a good evening all

sw

Pretty flat day for me. A few up and a few down. Took on MER long and FTC short, both looking OK at the close.

Take the rest of the day off folks.

For all you Bank stock fans out there.
I'm not saying you are wrong, but this is the trend you
are calling a turn on.

Melnibone.

This is interesting.
Remember a few weeks ago when I said that in a ranging market, when the
20ma went down through the 40ma it seemed to signal that the current
low was in and vice versa.

Well, if we are still in a ranging market then we are just doing it now.

Also, although the swing chart is saying down and we should be looking
to short a pop and bearing in mind that I reckon it gives false signals
at ranging market extremities.
Take a look at the last bars and pretend we are making a swing low and
looking to buy a dip.
Guess what, we would have been given the signal on Friday. :-)

Now then. Are we still in a ranging market or in a Bear trend?

Over to you guys. :-))

Melnibone.