A thread created for the TA of charts on the LSE markets. (aim and plus included)
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RESOURCES

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CHART SCREENERS

http://www.iii.co.uk/spreadbetting/?type=technical http://www.barchart.com/lookup.php?field=name&search=contains&string=YELL&e=nf&type[]=2&type[]=1&type[]=5&type[]=9&type[]=10&type[]=4&type[]=CAN&type[]=LON&type[]=IND#results http://www.autochartist.com/ Nb, only free to IG Index Members. http://www.britishbulls.com/

BULLISH TRENDING CHARTS. Timeframe 3 Daily. Updates And Renewals Will Take Place On a regular basis.

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This one has passed 48 hour rule on a 52 week break out. Problem is im adding another general filter to my system in this market.

The ftse must have broken out of a top (5700 in this case) and stayed their over past 48 hour or, the ftse must be coming off a bottom and stay above bottom for 48 hours. Think that would be 5250?.

Another poor day for the bulls.

A lot of tops forming on the Bullish charts in the header. Sideways movement developing. Got to give them a little longer before cutting them though cant see any rescue plan on the horizon in the very near term.

GDP figures a little later. HELP.

Consider Drax, went long this morning at 431 and just closed position 10 points up. I think this has further to go and so makes a nice daily play for those interested.

Hmm I like that stratergy shortie.

having a look ...cheers.

No doubt your aware of the renewable energy subsidary surrounding biomass and Drax. Todays announcement was responsible for the fall which I regard as overdone. Results next week also so should favour a few spreads... Margin also nice, 5% of notional value is all I'm paying!!

http://www.guardian.co.uk/environment/2012/jul/25/subsidy-rates-renewable-energy?newsfeed=true

However, biomass energy - burning energy crops, waste wood and byproducts such as peanut husks, olive stones and straw to generate electricity - will be boosted by the government's plans. Dorothy Thompson, chief executive of Drax, the biggest coal-fired power station in the UK, said that the new rules on subsidies could mean that the power station was burning more biomass than coal within five years.

Drax's proposed £650m-£700m investment in converting its coal-fired boilers biomass had been on hold for months, but Wednesday's investment was likely to mean that it could go ahead, she said.

"This is all about jobs in the UK," she said. "The UK is critical to us as part of the supply chain for biomass, but also for imports of biomass - through the port facilities, in storage facilities and transport."

She was "absolutely confident" of sourcing enough biomass, both from the UK and imported, to meet the power station's needs affordably.

The company's share price dipped on the government announcement, which Thompson attributed to a misunderstanding on the part of stock market analysts to do with a technicality in the subsidy system. Previously, it was unclear whether large power stations such as Drax would benefit from the new arrangements, because there were plans to treat the conversion of a whole plant differently to the conversion of smaller sub-units. Thompson said that this issue had been resolved in a way that would preserve subsidies for its plans, but that the markets had not taken this into account. Drax will publish its financial results next week.

http://www.guardian.co.uk/environment/2012/jul/25/subsidy-rates-renewable-energy?newsfeed=true

Aslo read have a look at http://www.ft.com/cms/s/0/44eaa81a-d63b-11e1-b547-00144feabdc0.html#axzz21e9GQa3r

Under the Renewables Obligation (RO) licensed electricity suppliers are required to source a percentage of the electricity supplied from eligible renewable sources, including both dedicated and co-fired biomass. This percentage increases each year and is 6.7% for 2006/7, rising to 15.4% by 2015/16.

Renewables Obligation Certificates (ROCs) are issued for each MWh of renewable electricity generated and are tradable. Compliance with the RO can be achieved by acquiring ROCs from generation or purchase, or paying a buy-out price (£40.71/MWh 2012-13). In this way a market value is provided for electricity generation from renewable sources. On 29th June 2012 the average price for ROCs was £42.02. The current selling price can be checked at: www.e-roc.co.uk/trackrecord.htm

Following the update to the Renewables Obligation allocations or ROCs are "banded", with different categories of generation receiving a different number of ROCs per MWh generated, depending upon whether they fall into the "established" category (receiving just 0.25 ROCs/MWh), "reference" (receiving 1 ROC/MWh), "post-demonstration" (receiving 1.5 ROCs/MWh) or "emerging technologies" receiving 2 ROCs/MWh). Under this proposal co-firing of non-energy crop biomass would receive only 0.25 ROCs/MWh, while co-firing of energy crops would receive 1 ROC/MWh (as today), dedicated regular biomass generation would receive 1.5 ROCs/MWh, while "advanced conversion technologes" (gasification, pyrolysis and anaerobic digestion), dedicated biomass burning energy crops, and dedicated regular (non-energy crop) biomass with CHP would all receive 2 ROCs/MWh.

http://www.biomassenergycentre.org.uk/portal/page?_pageid=77,20190&_dad=portal&_schema=PORTAL

While you are at it looking at drax GF have a look at ABCAM (ABC) SD

Will do. Cheers

Yesterdays rally soon over. Thought it was too good to be true.

GF, what did you make of DRX, no play today yet...

Pretty good for day spread bets. My prob is Ive got so much on in the commercial property world at the mo and as you will know Shortie day trading needs constant attention. Will be free sept ish so Ive noted it down. Cheers.

Interesting recent movements up and down over the last month or so on JMAT but with a general down trend, flagged up also because it goes Ex. divi this Tue. paying nearly 2% = (40p).



ED:Just discovered that there is also a Special Dividend of 100p and a share consolidation on the 6th Aug, so might leave this one alone until things settle down a bit SP wise.

Thank god Im not in CIU today. Stinker of a profit warning.

SKS chart in post 2862 above starting to turn around. I have a target of 120p, but no time target yet.

Bullish engulfing candle on SMP.

UT ' Uncrossing Trade
This is used for the single uncrossing trade, detailing the total executed volume and uncrossing price as a result of a SETS auction.

What are the usual reasons/implications to bring about one of these UT trades? does anyone know please?

Stan - UT trades are brought about at the end of opening and closing auctions - but they be triggered during normal market time when the share price moves by 10%.

I'll try and find a link in the morning.

Thanks Skinny, just wondered as I've been watching PFC all day and noticed a big UT trade after hours today and whilst I have seen them before I hadn't really taken much notice.

Stan - Auction and UT Trades

Will update in about 10 days time all charts at top of thread, sorry snowed under with business commitments.