Barclays Share Chat (BARC)

Just put on the following:

Long IAP x 4192 shares (Beta 1.51)
Short BARC x 2743 shares (Beta 2.26).....any ratio up or down of these numbers.

Little bit of a relief rally this morning.

stay away from "Binary Options"...... IMO... GLA

My humble opinion – short into a rally once resistance is reached in line with hourly chart – reading the technicals i.e. MACD and RSI

FTSE100 – resistance of 6337 – support 6225

Dax short in line with FTSE – key level resistance is 7600 – support 7000

Gold having a technical bounce but overall bearish – 1560 is now resistance
Silver resistance 26 – as bearish as gold

Whilst still bullish with pharmaceuticals – watch possible pull back for AstraZeneca from resistance 33.48 – support 29.8 and Glaxo from resistance at 16.8 (now at 16.52) support at 14.9

GLA, Therese

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Just sending you in haste. There are several articles about Gold in the FT weekend today. David Schwartz a market historian (he is usually very accurate) says the fall could have further to go. He even predicts it could go back to $900 which was the long term support and past peaks for gold “have typically been followed by very sharp retrenchments” Jonathan Eley in his article entitled “serious money” he says “nothing is immune to price falls” and John Authers says “If the move in the gold price makes sense, then US stocks are overvalued”. ATB

GLA, Therese

Many thanks for all the TA views and thoughts.
The 24th will be a big day for me with EMG my main holding going ex dividend and BARC with a 1st QTR update.
I am hoping we have a decent set of results that pleases the market and takes the sp passed 3.00, but IMVHO if it does break this psychological level it will not stay there for long, This I feel is unfortunately the case for the longer term investors as pressure builds on the markets suggesting further corrections
As I mentioned yesterday, Gold related investments looked interesting and today it was pleasing to see a rebound in the gold ETF (PHAU), CEY and ABG!!!.,For a change, I had a bit of luck that paid for the courage to take my chances.
Have a good weekend and ATB to everyone.

Thank you. I am so much looking forward to learning more on options etc. Of course I will keep Sharescope. It would be like trading blind without it! ATB

GLA, Therese

the charting in IB is pretty terrible, so you may want to hang on to Sharescope... I have other platforms, so only use the IB for executions... however they are cheap in fee's and you can trade everything through them... Tip!- when you subscribe, apply for everything, options, futures, stocks, etc.... you will get round to using them all as you develop... costs you nothing to have full approval for everything.

17th May is when the take over for ENRC and KAZ should take place. I expect there will be more opportunities to make money (long and short) before we get there

You asked in an earlier post about the platform I use - I trade with CMC markets and I use Sharescope for technical analysis. I will be looking at Interactive Brokers as you suggested. ATB

GLA, Therese