A thread created for the TA of charts on the LSE markets. (aim and plus included)
Beginners and advanced wellcome. Long or short, just post your views and lets
have some positive discussion. FIRE AWAY.

NB, UK indicies and sector charts plus FX can also to be included in posters analysis.

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DAILY MORNING CHARLES STANLEY Traders Bulletin

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RESOURCES

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http://www.trade2win.com/knowledge/equities/

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CHART SCREENERS

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http://www.britishbulls.com/

Yes - I guess a MAM bug.

gf
re img
just a quick glance and first impressions seem that it it has gapped down through support of a major high formation and additionally it was accompanied by large volume suggesting ,to me ,further downside in the longer term. may of course bounce from your suggested long term support but i would advise caution on being long too long.
no doubt that is why you are going to use a tight stop.personally i would find this too
dangerous to buy at any level at moment, given that high chart formation.
good luck.
regards
jkd

s
yes i think you are right MAM bug.
due to bank holiday yesterday(monday) and markets closed so fridays levels being repeated i suppose, very misleading though especially in days and weeks to come.
regards
jkd

JKD....spot on re- to tight stop and technicals.

Fundy wise Im not convinced this is a major set back.

Think its a mid year blip that can be overcome....... then again who knows.

Just thought It might pay to take on the market and risk it. Not my usual ultra cautious style as you know, but think the sun got to me today so thought dam it.

gf
just to remind you and all others for i havn't mentioned this recently.
i am wrong more often than i am right.
fortunately and due to money management my rightuns pay for my wronguns
many times over. but only because i use stop losses.
i am sure you will appreciate this because it dont matter who is right or wrong.
it is simply nice to agree or not and to then discuss things, both before and after
in an ammicable manner which you have taken in your reply
thank you
regards to you
jkd

Central Markets morning note.........

Central Research‏@centralmarkets17m
Morning Report from @centralmarkets1

http://ow.ly/kOy6y

Breakout looks confirmed here........

Lots of charts hitting new highs today.

CSR putting in a great performance. Mentioned them last week.

">http://

Lots of others hitting highs, including CAPC,SDR,NXT,HWDN,WAND.

Have highlighted a few of these in the previous weeks. Markets remain strong.

Lots more approaching the highs. Will include a few charts below.

Upchart.

DTY charts looks very good : ">http://

CPI :

">http://

CSR looks a cracker of a chart.

Yep, CSR putting on almost 7% today. Great performance. Think there is more to come.

DXNS chart looks set for a bounce here :

">http://

SHI chart looks very good as well :

">http://

Mentioned EZJ last week. Only a matter of time before that moves up again. Fantastic chart.

EZJ :

">http://

One more chart that might interest a few. Check out HCM.

HCM : ">http://

PIC broken out convincingly. Very tight spread. Went long earlier, already in profit.

DTG looks primed for next leg up.......

Another one that looks interesting. Think they report friday off top of the head.....

Here's What's Behind the Stock Market Rally

Published: Wednesday, 8 May 2013 | 4:02 PM ET By: Bob Pisani
CNBC "On-Air Stocks" Editor

Getty Images Every day, I am queried (assaulted, in some cases) by incredulous traders about this rally.

"This is ridiculous, Pisani!," they say. "It makes no sense. You can't possibly think you could explain this."

Well, I think I can. There is a "stew" of ingredients that is creating a squeeze on stocks. Here are the components:

Massive liquidity, +
Search for yield (higher demand for stocks), +
Modestly higher (record) earnings, +
Heavy stock buybacks (constricting supply), +
Heavy Fed bond buying (constricting supply), =
= A stock squeeze!



That's the way I understand it. Is it that hard to figure out? You're throwing massive amounts of money at the market, getting modest earnings growth, creating higher demand while constricting supply. This is not like we're trying to figure out the origin of the universe. Really.

I'm not the only person to point this out; Citi did a paper a while ago with the subtitle, "Too much money, not enough assets to buy." Exactly.

What about the role of earnings? I agree, this is not a "conventional" rally. It's not fueled by a multiple expansion--the S&P 500 is at about 15 times forward earnings, historically a normal valuation. There is only modest earnings growth (five percent or so), largely fueled by the effects of lower interest rates.

Because stocks are not overvalued, we can go higher with only modest earnings growth. But wait...the S&P up 14 percent when earnings growth is only five percent? That has happened many times in the past, but it can happen now because so many participants are being forced into stocks in a search for yield.

That's why so many companies are raising dividends. If you can't get top-line growth (only 1.4 percent this quarter) than you have to keep raising dividends. 180 companies in the S&P 500 have raised dividends this year.

So how long will this go on? I have no idea, but I think the Fed Reserve and other central banks are likely to remain accommodative for a lot longer than people think. I doubt anything will change in 2013.



—By CNBC's Bob Pisani