THE WEEK THAT WAS As usual, there was plenty going on. The BHP/ Anglo situation was front and centre of my mind. I remain a fan of BHP and have written plenty on the bid this week, so there's no point raking over old coals. BHP is simple: buy at $40, sell at $50. It…
At the bottom of many of our charts, you will see a sub-chart which shows RSI (circled in green). This is one of the mostly commonly used Technical indicators because it is one of the easiest to understand. Here is an explanation of what it is, and how to use it. Most commonly, the RSI indicator is depicted in red boundary lines in Grey at readings of 70 and 30.
A solid rally into the close ahead of the US inflation number tonight
US equities ended lower overnight, dragged down by losses in tech stocks. Dow down 330 points (-0.86%). Up 52 points at best. Down 441 points at worst. S&P 500 and NASDAQ lost 0.60% and 1.08%, respectively, and are on track for a weekly decline following five weeks of gains. US Treasury yields eased, 10Y fell…
A small relief rally for us – US market beginning to fade from the top as they await US Jobs Numbers tonight
Luke is the Chief Investment Officer and Managing Director of this pure-play M&A fund, specialising in takeover arbitrage.He has more than 20 years of financial markets experience. In this podcast, we discuss: Why M&A? The M&A Checklist. What is so special about Harvest Lane? How do you assess the risk-reward of a bid going through?…
Looks like we overdid the selling yesterday. Momentum lost. Traders stand aside. US markets riding on the PCE price index tonight. Interest rate-sensitive sectors looking toppy. Resources turning over. Education Corner – Relative Strength Indicator (RSI) explained.
Sold half the DRO at 108c.
DXB now a 110% gain.
The game is still afoot for BHP.
Harry Kane-The Podcast
On The Call today.
Relative Strength Index (RSI) At the bottom of many of our charts, you will see a sub-chart which shows RSI (circled in green). This is one of the mostly commonly used Technical indicators because it is one of the easiest to understand. Here is an explanation of what it is, and how to use it.…
