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FTSE / DOW YTD

Good Morning.

The Papers

Morning all.

Good morning!

Good morning

Interesting times. All my shares seem to be going up. I'd forgotten what it was like.

Shortly I will have another feeling to contend with which I'd forgotten, which is the shall I sell for a small profit or hold. That one is going to be a puzzle as I have not got a gut feeling where the market is going. It all seems a bit relaxed since the Fed indicated rates may now not be going up so fast.

Usually in January the market falls after the first day or two but this year is different so far. All a bit strange to see LLOY at 54 when it was struggling to hold 50 a few days ago.

Most the trading results coming through are quite good apart interestingly from the on-line retailers which aren't good at all.

21/28 blue. 1.6% up.

Victor doesn't believe it!

The problem with dumping winning holds are the spreads and dealing costs both ways.

But I wish I had listened to myself a while ago and dumped.

Where is the bottom of the market for the next 6 months?

Morning

Good Morning.

The Papers

Good morning!

Morning all.

Good morning. Another good day yesterday.

Looks to me like the bulls are bears are battling it out the last couple of days with the bears selling into the rise and the bulls more than absorbing all the stock.

I'm rather hoping all algos which have been trading the downtrend lines since April last year are going to have to start reversing.

Anyways fingers crossed. At least it feels hopeful which is lot better feeling than I've had for the last 6 months.

UK statistics agency corrects third-quarter current account deficit data

Is the present rebound in the market, the market guessing that "Brexit" won't go through?

I hold too many Builders and Construction companies, which the market seems to be betting positively on at the moment.

Is it a false dawn?

I think I will keep the cash I have in hand at the moment, in hand for the next 2-3months.

More so than ever Fred!

Cash is king.

Yes - just ask my wife 🙄!

I'm not sure what to make of the January rally so far. I see it kicked off with the assumption that the Fed would not raise interest rates as fast as expected and then continued when the Fed confirmed this.

This seems to be a big move in the markets. Easing trade tension with Trump has also helped.

I'm not sure the economic statistics back up the change in sentiment on interest rates so I'm worried this rally will run for a month and then we return to pessimism.

There are definitely real buyers out there though and the sellers propensity to sell has slowed down dramatically.

I can see the markets were oversold, but is the start of a permanent turn or just a dead cat bounce or perhaps it is time to consolidate a bit lower than were we are now before the move up?

I'm not sure. It's all too easy. On the other hand UK consumer seems to be doing fine. Less spending on cars but more on leisure

I read some article on Reuters that after the flash crash on the yen carry trade, sterling was a safe haven. Perhaps we are seeing a change in sentiment towards the UK. If Sterling is a safe haven though, the rest of the world is completely f***ed.

I'm 99% invested and happy to start selling down if the rally has legs. I haven't got much I really want to sell though at current prices. The market is going to have to move another 10% up to get me interested in selling. That's probably because most of my entries are poor. How did I think AV. was a bargain at 445? or LLOY at 65. I have several more in this category.


As an aside I'd made more money by Jan 7th this year than the whole of last year, which probably tells you more about how bad last year was. I really don't have a scooby where we are going next. I am feeling optimistic

I though I'd posted these earlier!

U.S.-China trade talks conclude as hopes of a deal build

As Brexit debate begins, PM fails to win over Northern Irish kingmakers

CC,

Check the FTSE market volumes supporting the up.

If I am reading them correctly they seem a little light over the last 3-4days!