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FTSE / DOW YTD

Ok, so I need to go for a walk and have a think. any thoughts appreciated.

FTSE has run up to 7800 but most of my stocks have not risen with anything like the strength of that rise as the rise is driven by commodities (oil). I have mostly construction, banks and property.

However, my stocks are up and some of the rises are decent enough. I've sold a tiny amount so far.

I am trying to decide whether to sell some more. AV. for example I bought at 494 including costs and it's now 570 if I add the dividend. That's 15% in a couple of months, yet I feel the tone of the market has changed. In the scheme of things 15% could just be the start of the rise, but on the other hand 15% is nice enough if I can do rinse and repeat.

My stocks which are going up fastest I don't want to sell. I have a much higher level of conviction on their value.

My gut feel is the market is going to continue up, as the economic data will improve, so that tells me to sit tight and do nothing.

Doing nothing is hard work!

I cancelled my limit sell @7800 and will have to consult the runes (excel) again.

BP. and the recovering utilities are responsible for most of my recent gains.

BP is now (again) my biggest holding followed by PHNX & NG.

I've been for a walk and once again decided to sit tight and do nothing and let my investment portfolio look after itself for the moment.

Morning all. Hoping for another blue day.

Good morning!

CC - 16 May 2018 09:35 - 37 of 42 edit this post
Well good morning. In today's plan I would like to see LLOY close over 67, RBS hit 300 and AV, hit 550.

I think I will need some help from the Dow which has been floundering the last couple of days.


It's taken 6 days but AV. has hit 550, LLoy is over 67 again but hasn't yet closed there.
RBS gettting there...

MARKET REPORT: Unloved British stocks get backing of Morgan Stanley with US analysts highlighting pub firm Greene King and Marks & Spencer



Read more: http://www.thisismoney.co.uk/money/markets/article-5728145/MARKET-REPORT-Unloved-British-stocks-backing-analyst.html#ixzz5FWAWaJrJ

Good morning!

Reuters poll - Britain's Brexit divorce skills get thumbs down: economists

European shares led lower by oil stocks, M&S shines

Morning all.

Ex-divs to take 3.2 points off FTSE 100 on May 24

Britain legally bound to pay Brexit bill before trade accord agreed - minister

Good Morning.

The Papers

Good morning!

Morning all.

AV. couldn't hold 550, LLoy couldn't hold 67 and RBS isn't getting any closer to 300.

I'm optimistic though

GBP Retail Sales m/m 1.6% 0.8% -1.1%

Trump cancels Kim summit amid North Korea 'hostility'

Morning!

In the US last night, the Dow finished down 75.05 at 24,811.76 the Nasdaq down 1.53 at 7,424.43 and the S&P 500 down 5.53 at 2,727.76.

In Asia, the Nikkei was recently up 0.85 points at 22,437.90 - the Hang Seng down 79.29 at 30,681.12 - crude oil traded at $70.71 a barrel and Brent at $78.79.

Gold settled at $1,303.70 an ounce.

Trade well and prosper.

The Papers