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.

Money am instructions for posting a chart..http://www.moneyam.com/help/?page=charts

Kipper System 1 http://t.co/heOgs9b

nb, you may have to log in to get access to some of the links here below. Every one is free.


DAILY MORNING CHARLES STANLEY Traders Bulletin

http://www.charles-stanley.co.uk/traders-bulletin

Central Research Morning Report,

http://t.co/BTw64ZxW5e


RESOURCES

http://blog.tradersdaytrading.com/

http://stockcharts.com/school/doku.php?id=chart_school

http://www.cantos.com/masterclass

http://www.onlinetradingconcepts.com/TechnicalAnalysis/ZigZag.html

http://bigcharts.marketwatch.com/http://www.stockmarket-coach.com/index.html

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

http://www.babypips.com/school


CHART SCREENERS

http://www.iii.co.uk/spreadbetting/type=technical

http://www.barchart.com

http://www.autochartist.com/

http://www.britishbulls.com/

Morning cyners. Difficult looking at the charts both here and in the US where support is in this market with it having gone on such a sustained more or less uphill bull run.

Ultimately the DOW and SPX will lead the way.

Short term the SPX has support around the 1635 area. The Dow has support around the 15.200 mark.

The FTSE as you can see below looking at FIB retrace level 1 38% off high.... around 6580.

Moving averages arent or havent held up.

Conclusion

Flip a coin and hope it doesnt fall down a drain.

Right back to the lawn mower.

Laters.

Had another look in detail at the FTSE..... Looks to me like we may be entering a channel on the FTSE between 6600 and 6825 and could trade within for a few weeks before breaking out (after the rest) to the upside. (edited, cheers skinny)

I hope you mean 6600 and 6825!

A defensive stock that should do well in this present market, I hold.....

FTSE futures at moment 6545..........well outside my 6600 to 6825 channel.

Was this the last sell off on the DOW tonight.?????????

Im hoping so because its going on now for a 5% pullback, anymore and this is far more serious.

DOW
around 14750 is a possibility - currently 15110, so not that far
will prob put a stop on my current short in case there's a sharp bounce


FTSE
6550 is prob not a bad buying level

===============

it seems to me that uk is in a somewhat strange position
unemployment is arguably/probably falling from its current 7.8% (or thereabouts) and is certainly massively lower than in the eurozone where it stands at around 22/23%

uk economy is starting to pick, though there is an inevitable considerable timelag before that and its accompanying feelgood factor feeds through to populace at large
on the other hand, eurozone (to me) looks to be still deep in the mire which is a concern as this is uk's traditional strongest market

uk housing starts and sales are at last on the way back up, and that will benefit not only the general economy, but also certain share sectors

june is likely to see an £15bn structural development plan put out, though how long those projects will take to get off the starting line is another matter

£ will almost certainly continue its slide against $, though € which i have long thought to preposterously o'valued, should slide against £ and will certainly fall against $

Here's a look at the week ahead - UK equities

http://wp.me/p3eO9z-5O

Full link also posted on my twitter page. Check throughout the week for regular updates.

http://twitter.com/upchart

Upchart

on balance, i don't think dow's fall on friday night was any more than computer generated profit-taking on the last trading day of the month ..... if i can pay attention (difficult for this dotard), then i think there'll be money to be made on both dow and ftse long

EZJ will it bounce back off the 25 day EMA and maintain the uptrend channel in place?

confess i HATE the product and would never ever fly with them if i could possibly help it..... imo they're just a bunch of rip-off artists, exceeded only by Ryanair, and i have heard of almost no one who would disagree with that summation ..... that being so, would never ever invest in the company

IG Index have put their minimum deposit and receivable to £100 this monday.

They only changed it about 3 months back to £25 from I think a fiver.

Used to like the fact that I could deposit low amounts in order to tidy up the account for spreadsheets etc.

I have another S bet CFD account with Berensberg but they dont cover in the market so charges are a lot higher.

Anyone recommend another S Bet company???.

I have taken up my rights for Thomas cook (TCG). One to tuck away

personally, i like SG a lot ..... i find their L2 platform very effective and their staff invariably easy to talk to ...... the IG internet site also gives intelligent comment, especially on the markets

SG cyners????????

"IG" - agree - I also use CMC and find their revised platform very intuitive.

IG....... IG index cfds do you mean skinny?.

I guess that's what cynic meant?

CMC .......does it allow you to go in on selling a holding in part, or do you have to sell your full holding?. eg, £100 a point and I wanted to shave £5 off the top (down to £95 a Point) can you do this?.

Some S beters wont let you. Mind having said that it may be the snobby ones that dont cover in the market.

Yes - you can't amend the order Per se , but you can sell/buy half via a new order or limit order.

So it you were £20 pp as 1 order you can raise a sell/limit/stop @£10pp.