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Weekly Report
The weekly report is published on Fridays to all newsletter subscribers. The report comprises of three articles which will provide you with our analysis of the markets. The report also includes three trade recommendations picked by our Research Team. This report is available for free to non-Blue Index clients, all you need to do is create a Member account in order to receive this report directly to your inbox every week.
Potential trend change on the way
In the days when technical analysis first became really popular, the increasing speed of computer memory and processing gave the approach a great trading edge. Patterns of share price behaviour that had required a keen eye and manual updating could be quickly analysed and acted on.
Possible big market move; UK & US update, Barratt Developments prospects
It might have escaped the notice of some CFD traders that despite all that is going on in the economy, with a busy corporate reporting season and plenty of excitement in commodities; most equity markets have been extremely lacklustre in recent weeks.
Oil and Miners prop up the FTSE 100
In terms of overall movements it has been fairly quiet and the FTSE 100 index has gone nowhere this week, but our portfolios have enjoyed an excellent performance. We have seen good gains amongst many of our long and short positions, pushing the total returns on portfolio number three to a new high (55%), so it continues to show that CFD profits can be made in any market conditions.
Markets approach resistance
Last week we looked at the arguments for and against an extension of the recent rally on the FTSE 100 index, and because the trend was still just about up we remained slightly biased to the bull side. It has therefore been pleasing to see an excellent week for many of our long side positions (we’ve done pretty well on our shorts as well), and the reasons for the rally have been twofold.
Second quarter started in style
According to some longer term research, Tuesday’s rally in the US was the best start to a second quarter for seventy years, which might be an irrelevant statistic but in these days of doom and gloom it makes a pleasant headline if you are a bull. Indeed, the more we hear about recession, credit crunch, house price falls and so on, the more the contrarian in us feels comfortable that the short term path of equity prices is up.
