Yes good news. Its this sort of news flow that will drive the sp forward. And look guys, lease put things in erspective. The market will always find something or th other to worry about,, some totally insignificant. Earlier this year it was China.Last month it was Brexit, then US interest rates, then BOE interest rates, then Yellen, then North Korea, then Iran oil, then,,, we'll get Italian Banks, then Greece, then Europe, then ... Ignore all this noise and the incensed candelabra. Stick to value... Ben Graham style.
MARKETS Barclays Close to Hat Trick of Deals Sales come as Barclays tries to pare back its business amid low interest rates and increased regulatory pressure By MAX COLCHESTER Aug. 25, 2016 12:02 p.m. ET LONDON—Barclays PLC’s balance-sheet diet is accelerating, with a drumbeat of deals expected to close in the coming weeks.
BWK, Thanks & you're welcome. That site has been recommended by a few people previously, so I'm glad you found it useful. Goes quite in depth into the subject matter.
BARC so-so today, 164+ as I write. But ditto all banks & many other stocks. No great surprise after some VG gains to see market taking a bit of a breather & locking in some profit, especially before tomorrow's Fed speech, 3pm our time.
Might see more profit-taking here tomorrow due to longer Bank Holiday w/end.
Main thing for me is support here still very much intact, today's volume under average & whatever happens later, one needs to be comfortable holding one's positions, which I am. Reasonable chance we'll continue the uptrend soon, unless Yellen says something to spook markets, but those factors have always been variables hard to gauge - Regards & GL.
Busy day out most of tomorrow for me, so will catch some posts later.
Cheers mate. I saw the link in your earlier post and did take a look. I remember (now) seeing some of the various candlesticks and patterns, just couldn't remember where I'd seen them. One of the problems of doing searches for info about stuff is that sometimes you can end up with a lot of valid resources and then you forget which resource is "best".
However I thing I didn't do was "read the bottom line" and in particular the link to their own "predefined scans" where they trawl through the markets doing charts for all the stocks and then highlighting which ones may be showing certain patterns. This is brilliant as it can help identify possible deals across the whole market, not just the few I've "handpicked".
For instance, they currently show six stocks displaying bullish reversal chart patterns, and 33 showing bearish reversal patterns (yikes!).
So great thanks for that, and for slapping me around the head to read it again.
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