Michelle Daly's public updates
June 10th, 2010
I Just Sold The Dow
In the eye of the storm I sold the Dow, and here’s why.
There’s nothing too fancy here as I’m trying to get a quick blog out. When the Dow was firing ahead I opted for a short bet. Now this was a high-risk, possibly stup
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Backdrop Brightens But Rallies Still Getting Sold Into.
A poor close on Wall Street last night with the pattern of attempted rallies getting sold into continues, driven in part by the corporate calamity that is BP which lost another 16% (on fears they may be forced to suspend their dividend) a
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Broker Share Tips – Lloyds, Kingfisher, Asos
Below is a list of major companies who have had their ratings changed this afternoon (10 June) by brokers that we follow. Click for a list of the brokers we follow.
Only upgrades to the top ‘Buy’ ratings and downgrades to the
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Upside Breakout On FTSE?
Just a quicky here. I’m just wondering if we could see further FTSE strength today with a flag breakout pattern.
Now don’t get me wrong; this isn’t my favoured prediction, and I’m not backing it with a long bet, bu
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Nasty Falls And Difficult Calls
I’ve been straining all my nerves to stay optimistic about equities. But I’ve had some jarring lessons in being too contrarian, and failed to judge the steepness of the sell-off.
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The World Cup Series – Honduras
This week I am going to be investigating four nations that I think have intriguing investment opportunities that are part of the World Cup 2010 in South Africa. Today we move to Honduras in Central America.
Yesterday, we looked at the Eas
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Company News 10 June
Equities finished in negative territory despite rallying for much of the session following some encouraging Chinese data combined with comments from Fed’s Bernanke. There was some bullish data from the DOE and also some positive new
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Market News 10 June
Austerity-minded Liberals won a narrow one-seat lead in the Dutch election, putting them in pole position to form a coalition that must tackle a ballooning budget deficit, preliminary results showed on Thursday. (RTRS)
UK News
The British
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Broker Share Tips – Bank Of America, Amazon
Below is a list of major companies who have had their ratings changed early this morning (10 June) by brokers that we follow. Click for a list of the brokers we follow.
Only upgrades to the top ‘Buy’ ratings and downgrades to
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June 9th, 2010
Markets Set For A Risk-On Wednesday
U.S. stocks rose Tuesday, pushing the Standard & Poor’s 500 Index up 1.1% after another rollercoaster ride of a day. The index had swung between gains and losses at least 13 times, as a rally in commodity markets boosted oil and met
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Broker Share Tips – Disney, BP, Tesco
Below is a list of major companies who have had their ratings changed this afternoon (09 June) by brokers that we follow. Click for a list of the brokers we follow.
Only upgrades to the top ‘Buy’ ratings and downgrades to the
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Brent Crude Rallies Ahead Of Weekly Numbers
Brent Crude has rallied from Monday’s lows, but watch out for the inventory numbers at 3.30pm today.
Last week I felt the chart wasn’t giving out strong enough vibes to trade off, but that a failure at $75 could lead to a sell-of
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US Equities Put In A Late Rally
Last night’s dubious rally saved the S&P from closing at a new 2010 low, but it looks like just a matter of time.
The S&P 500 is currently 13% lower than April’s high of 1220. And before last night’s late, late rally the
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The World Cup Series – Slovenia
This week I am going to be investigating four nations that I think have intriguing investment opportunities that are part of the World Cup 2010 in South Africa. We will start with Slovenia, move to Honduras, then to Nigeria, and finish up
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Company News 09 June
Leading institutional shareholders in the Prudential have called a meeting with the assurer to raise concerns over Tidjane Thiam’s role as chief executive following the collapse of its USD 35.5bln bid for the Asian assets of AIG. Me
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Market News 09 June
David Cameron invites a ‘double-dip recession’ if he insists on Greek medicine for Britain’s deficit. (Telegraph) The main danger to the UK’s credibility is when ministers spread fear in the markets and talk down t
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Broker Share Tips – Prudential, Invensys
Below is a list of major companies who have had their ratings changed early this morning (09 June) by brokers that we follow. Click for a list of the brokers we follow.
Only upgrades to the top ‘Buy’ ratings and downgrades to
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June 8th, 2010
Traders Cap BP Share Price
BP had been playing out a nice oversold recovery move for the past few days, but today it went horribly wrong.
There were some ominous signs yesterday when the price failed once again at 450p and reversed with a bit of an attitude proble
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Europe Down, US Up. Which Way Tuesday?
Just another manic Monday with U.S. stocks getting another late doors water boarding sending the S&P’s 500 Index to the biggest two-day loss since March 2009, with Google and Apple leading a drop in technology shares while Goldman
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Northern Rock says it plans to cut ...
Northern Rock says it plans to cut 650 jobs by the end of this year as part of its ongoing restructuring pr.. http://bit.ly/9bzGq8
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Broker Share Tips – Boeing, GE, BOI
Below is a list of major companies who have had their ratings changed this afternoon (08 June) by brokers that we follow. Click for a list of the brokers we follow.
Only upgrades to the top ‘Buy’ ratings and downgrades to the
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Bearish Flag Signals Lower Sterling
Just taking a look at Sterling, the chart pattern could be setting up a move lower against the Dollar.
Trading Sterling is likely to be tricky in the run up to the June 22nd Budget; in fact I’ve backed off trading it recently as it’s
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Good morning so far then! I was ...
Good morning so far then! I was looking at GOALS the soccor centres...they've opened their first centre in the US.
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The IMF and Its Role in Rising Indebtedness Part 4
Today, in the final part of my Discourse on the IMF and third world nations, we will be looking at the case study of a nation hurt and helped by the IMF – Zambia.
Case Study: Zambia
The issue of indebtedness and its dire consequence
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Tesco share price (down on news of ...
Tesco share price (down on news of chief Sir Terry's retirement) http://bit.ly/cKGEEl
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Company News 8 June
BP was criticised by some legal experts for seeking to have pre-trial matters in lawsuits related to the Deepwater Horizon oil leak handled by a judge with energy-industry links. In other news, co. says its containment cap system has capt
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Market News 8 June
The UK government would have to double the scale of the cuts it has already planned if it intends to come anywhere near to Canada’s example of a public sector bonfire, according to experts. (Telegraph)
UK News
BRC Retail Sales (May) Y/Y
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Broker Share Tips – Siemens, Apple
Below is a list of major companies who have had their ratings changed early this morning (08 June) by brokers that we follow. Click for a list of the brokers we follow.
Only upgrades to the top ‘Buy’ ratings and downgrades to
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June 7th, 2010
Euro Dollar Holds Below 1.20
The Euro is continuing its journey to Hell in a handcart; when will buyers step in?
Friday’s fall in EURUSD broke the $1.20 barrier and early trade today saw a tentative sniff below $1.19. The currency pair is now 18% lower than Januar
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Stocks In Smackdown Mode
Very ugly close on Wall Street Friday – and with DOW below 10.000 the next important levels are now how long 1.040 and even 1.000 will hold in S&P500. Rumours that giant French bank Soc Gen (déjà vu Mr Kerviel) was in a spot
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FTSE Holds 5000-For Now
Unlike the Dow, the FTSE continues to defend the big figure, but is a break lower just a matter of time?
Fridays are fast becoming the day not to miss. Unfortunately I had to miss the afternoon session so closed my shorts for ok, rather t
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Company News 07 June
UK Banks – UK’s FSA has asked the country’s banks to run a series of tests to determine their risk of suffering financial problems in the Eurozone. (Sunday Times) HSBC Co. has become the latest bank to respond to regulatory pressure
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Market News 07 June
The British Retail Consortium (BRC) urged the government not to raise VAT on fears that raising VAT from 17.5% to 20% would cost 163,000 jobs and reduce consumer spending by GBP 3.6bln over four years. (Independent)
UK News
British manufa
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June 4th, 2010
Monthly Economic Outlook June 2010
European policymakers have sent a clear message to financial markets: if you mess with one of us, you mess with us all. A massive bail-out package effectively ring-fenced the weak links in the monetary union’s chain. Politicians even ma
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Broker Share Tips – RBS, easyJet, BP
Below is a list of major companies who have had their ratings changed this afternoon (04 June) by brokers that we follow. Click for a list of the brokers we follow.
Only upgrades to the top ‘Buy’ ratings and downgrades to the
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Non Farm Payrolls Disappoints
Even on a typical uber quiet pre-payrolls day, the on going tug-of-war between strong economic data in the US and European sovereign banking risks was clearly visible with the former triumphing by a short head giving the S&P 500 Inde
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Trade Of The Week:Long Sterling Dollar
This week’s trade is one of my regular reminders that even seasoned traders forget, or ignore, their own rules. The key is limiting the damage.
Sterling had been gently moving higher over the past week, but the general view was to sell
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The IMF and Its Role in Rising Indebtedness Part 3
The final look at the IMF and its role in attracting FDI to third world nations and creating instability in governments and nations. Additionally, I will preview the final section of my investigation of the IMF and the world’s heavi
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Broker Share Tips – Whitbread, Transocean
Below is a list of major companies who have had their ratings changed early this morning (04 June) by brokers that we follow. Click for a list of the brokers we follow.
Only upgrades to the top ‘Buy’ ratings and downgrades to
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Non-Farm Payrolls For May Preview
Change in Non-Farm Payrolls M/M (May) Exp. 536K (Prev. 290K, March 230K)
Morgan Stanley 525K BNP Paribas 615K
JPMorgan 545K Credit S
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Company News 04 June
BHP Billiton – Australia’s government should go back to the drawing board on its proposed mining tax, applying it differentially on various commodities, according to co.’s Chief Executive Kloppers. (RTRS)
UK
UPDATE TO BP’s Gulf of
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Market News 04 June
BOE’s deputy governor Bean said he opposes the idea of employing inflation as a means of reducing the value of debt. (Telegraph) Bean said the MPC should stick to its 2% inflation target, and described a policy of allowing “a bit of e
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June 3rd, 2010
The IMF and Its Role in Rising Indebtedness Part 2
Today, in the second part of this four part investigation into the IMF and third world nations, I will discuss more of the problems with the IMF and also take a look at the question of sovereignty and blame attached to third world nations
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Been wondering about BP ..check out this ...
Been wondering about BP ..check out this blog by Dave on why he thinks the beleaguered Oil company is due a reprieve..…http://lnkd.in/x7BVsp
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Underwhelming Jobs Numbers See Stocks Trim Gains
In another late late show Wednesday US stocks, as I expected, rebounded from oversold levels in the last hour of trading because of stronger than expected home sales (buyers took advantage of the now expired tax credit), decent auto sales
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Broker Share Tips – BP, Kingfisher
Below is a list of major companies who have had their ratings changed this afternoon (03 June) by brokers that we follow. Click for a list of the brokers we follow.
Only upgrades to the top ‘Buy’ ratings and downgrades to the
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Looking at the Non farm payrolls for ...
Looking at the Non farm payrolls for tommorrow anyone any opions? Do you think the market has already priced in a positive result?
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Here’s Why I Bought BP
Yesterday I opened a long bet in BP. It might have looked mad but the bet carried less risk than most of my trades.
It’s quite ironic really how many ‘Cor you’re brave’ comments I’ve had since buying BP yesterday. The irony is
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Oil Rally Stalls At 75 Dollars
Brent Crude has rallied from last week’s low, but failed at $75 ahead of today’s inventory numbers.
Last week I read the chart as due for a bounce within a longer term bearish market, and made a few quid out of the trade (Time For A
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