For this year I am creating a fantasy portfolio in which I will demonstrate how I use my RSI zone money management technique for companies which I don’t currently hold, but I may wish to hold in the future.
It has been a tough start to the new year for equity markets, as concerns surrounding China’s growth (and its appetite for raw materials) and financial health (corporate and consumer indebtedness) have undermined normal ‘New Year - fresh start’ optimism. An increasing number of terrorist atrocities and spats amongst the major powers in the Middle East have not helped.
This morning the research team at Jefferies International, turned from being apathetic to enthusiastic on the house building sector but more cautious on listed companies within the oil and gas industry.
As promised, this regular article seeks to follow the fortunes of the company stocks mentioned in our blog of 30 October 2015, ‘Identify, and run with your winners’. The attached schedule shows how each share performed in December – a roller coaster month for the UK equity market, which fell 9% in the first two weeks before clawing back 5% of that drop to end 4% lower.
The equity worth of the UK's largest retailer of sports goods, Sports Direct International, came under pressure when the company announced its half year report on 10 December that showed a marked slowdown in its pace of growth.
Datafeed and UK data supplied by NBTrader and Digital Look.
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