Member Info for mystic1076

The American Petroleum Institute (API) estimated on Tuesday a large crude oil inventory build, of 8.731 million barrels for the week ending May 22. Analysts had predicted an inventory draw of 2.50 million barrels. Somehow BP trading nearly 3% higher alongside some other majors. Shell was down however. BP up tomorrow morning ahead of the 15:30 afternoon EIA report? After that who knows cos the Russians giving missed messages if they gonna stick to the cuts or not!!

https://www.google.co.uk/amp/s/uk.mobile.reuters.com/article/amp/idUKL4N2D93DD

THE GREAT ROTATION OF MONEY FROM GROWTH/ TECH STOCKS INTO VALUE STOCKS, I.E THE BANKS, HAS STARTED ON WALL ST SINCE 2 DAYS AGO....

Wheremymoneygone - some days when the market is quiet then sure on the beers but not today lol - too much action!! I reckon there'll be a retrace like the intra-day one today back from the high of 1.21 down to 1.17ish..I think the new range could be 1.17 to X? X=1.35?? I think the cross of the 50 day MA will be very significant...shoud have gone in today at 1.17 then sold out tomorrow morning!! But caution as need to see where the new support and resistance levels are...

INMH the market views this share as being too risky to hold? Its been beaten down so much that its going to take some phenomenally good news to make it go higher. When the news comes, boy will it motor higher!! Looking for a sensible starting position, missed out on the single digits, but in the 10s or even mid 11's might be tempting...then I'd be looking to hold for a good length of time...

Is the previous 1.82 support level well and truely gone with this??? Boy do these stocks stand still then fly!! The thing with LGEN is that it IS the market?? Means that it tracks the FTSE 100/250/350 closely so any % falls are mirrored in the stock?? i think 5000 shares in this is a good bet on the FTSE's recovering??? Dont invest in the vanguards and the ETFs la di dhahh they just take your fees and give you a measily 3% return at the end of the year??? Is that right falklandinvestor??

usually BP slips back almost instantly when it touches 3.20+ levels. Hovering around little longer having retraced back from 3.2475...is it consolidating ahead of the oil figures tomorrow aftn?? Closing at these levels would perhaps give it a chance at 3.27 or 3.30??? an

The SPDR S&P Bank ETF (KBE) gained more than 5% along with the SPDR S&P Regional Banking ETF (KRE). Banking stocks inc Lloyds should rise from like yesterday...brexit or not this going to recover somewhat once covid goes away...if PPI and the scandals got dealt with then so will this..

The SPDR S&P Bank ETF (KBE) gained more than 5% along with the SPDR S&P Regional Banking ETF (KRE), on course for the best week ever in a long time!! Those wondering why this zoomed up from £1 to £1.20

JPMorgan Chase was up 6% while Citigroup advanced 7.3%. The SPDR S&P Bank ETF (KBE) gained more than 5% along with the SPDR S&P Regional Banking ETF (KRE). Both ETFs were on pace for their best weekly performances since April.

Without Covid this stock has failed to reach those kinda of levels!! More chance of getting to 117.50 first!! Notice the decimal ;-)
Long term though do want it to reach those levels too!!!

Infinite amount of trading opportunities...this will pull back some many times... 2% here and there...Trump only has to open his mouth and oil and BP goes down like a well on fire!!

Hasnt broken 1.20 yet mate!! No way has it.

The 13:30 jobs figures tmrw if they come in better than expected and GDP estimates too could see the financials really take off. Seems like trades are being setup ahead of this?

Sounds sensible - waiting for 1.12p - but financials have lagged in this recovery so far and now making up for lost ground now. Tmrw will be a trend setting day for sure that could propel this up to 1.30..if TRUMP keeps his mouth shut and China dont beat up HK... here's the line up..
10am – eurozone business confidence (May): expected to fall to -3 from -1.8. Markets to watch: EUR crosses
1pm – German CPI (May, preliminary): previous reading 0.9%. Markets to watch: EUR crosses
1.30pm – US durable goods orders (April), initial jobless claims (w/e 23 May), GDP growth (Q1, 2nd estimate): orders to fall 15% MoM overall and fall 9.2% excluding transportation. GDP expected to shrink 4.8%. Markets to watch: US indices, USD crosses
3pm – US pending home sales (April): previous month saw a fall of 16.3%. Markets to watch: USD crosses
4pm – US EIA crude inventories (w/e 22 May): previous week saw stockpiles fall by 4.9 million barrels. Markets to watch: Brent, WTI

The midas touch. 1.14 as predicted Financials led the sectors on the S&P banking index yesterday for the first time ever since this covid recession. 50 day S & P MA crossed too driven by the banks. Ups and downs ahead but this the turning point.

EIA on thursday!

EIA report is Thursday this week, not tmrw

Europe is about to announce a new coronavirus stimulus package and it could move markets. https://www.cnbc.com/2020/05/26/coronavirus-european-commission-to-unveil-new-stimulus-that-could-boost-markets.html

This report does have some extremely valid points. I think this will consolidate around the 3.35 mark perhaps £3. I really do have a prob with the valuation of this company. Net margins are just 5% and NAV is only 28p???