International stock news

Rss Today on Proactive AU

2014-10-31

ASX200 rises, which Fraser Range explorer kicked 28.57%?

 
Banking and mining stocks have pulled the ASX200 up 0.9% to 5,526.6 points. The Shanghai Stock Exchange Composite Index is up 0.83% to 2,410.93 points while in pre-open markets the Dow Mini jumped 172 points to 17,286.
FULL ARTICLE

 

Rss Today on Proactive UK

2014-11-01

Tesco, Morrions and Sainsbury and shopping around for the right movements

 
Tesco, Morrions and Sainsbury and shopping around for the right movements   The puzzle I have is simple. Every single drop target this year has provided some stutters on the charts. But in the case of Tesco, the price has resolutely failed to get to my 159p - the closest thus far being 164p.   By Alistair Strang, www.trendsandtargets.com   The Big Three listed supermarket groups seem to be enjoying a pretty horrid 2014. In the case of Tesco (LON:TSCO), my expectation remains that 159p should provide some solace whereas Sainsbury (LON:SBRY) has an expected bottom of 214p. Morrisons (LON:MRW) is unfulfilled at 123p. The puzzle I have is simple. Every single drop target this year has provided some stutters on the charts. But in the case of Tesco, the price has resolutely failed to get to my 159p - the closest thus far being 164p. And similarly, the other two listed grocers are refusing to get to my drop targets. The implication is there is perhaps some hidden strength in the sector and therefore, I should now start looking for any signs of upward travel. Before I launch into positives, one caveat of warning: should Morrisons start trading below 150p, it’s going to an initial 139p with secondary 123p.     When I view price movements during October, it seems Morrisons has something going on at 164p for despite several nods in the direction of this level, the share has not exceeded it. I rather suspect any trades above such a point to an initial 170p. In the event of the share trading above the blue line on the chart, and 188p is the next stop. A close above 187p, meanwhile, takes us to 223p. Alistair   Alistair Strang is founder of www.trendsandtargets.com
FULL ARTICLE

 

Rss Today on Proactive US

2014-11-01

Dow, S&P 500 finish at record highs after Bank of Japan stimulus move

 
U.S. stocks rallied Friday after the Bank of Japan unexpectedly eased monetary policy on concerns that a decline in oil prices would weigh on consumer prices and amid dwindling inflation worries, with the central bank deciding to raise its annual asset purchases.
FULL ARTICLE