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TOPIC: Funny feeling about Friday's move

Funny feeling about Friday's move 11 Jan 2014 19:55 #1

  • waverider2
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First of all - HNY to all here. I hope everyone's well and eager as always :)

Anyway, looking at the markets over the last few weeks - it seems to have gone wild. So, i have a funny feeling about Friday's sudden spike. I would not generally buy in that sort of move. However, here are some stocks that I am watching and as usual please dont hesitate to provide your feedback.

Also, I see the banking sector consolidating at the moment, building stocks breaking out, Insurance companies very bullish, and the drinks very interesting. Tobacco seems badly beaten up. I am still very cautious so here are some that I am looking at:

Standard Chartered:
This is currently looking like a double bottom and a potential macd divergence.

Old Mutual - I dont know what it is but looks bullish

Imperial Tobacco

Weekly charts - this seems to have broken out of a long term range

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