What are you going to buy when the FTSE100 goes above the 6,000 mark?
What Companies will be the front runners?
It will be very interesting to hear your thoughts on this subject
Keep safe and may all your positions be profitable
I am 70 years old and I am the Chairmen and major shareholder in a Mechanical and Electrical contracting business based in Tanzania East Africa. I spend 3 months a year in the UK and 9 months in Tanzania. I have always been interested in the stock market and started buying shares in the 1970s. But started trading seriously since 2007. I only trade the UK market and mainly spread bet with IG Index for the last 8 years. more »
Is that ETF shorting the FTSE100, if it is, then I think you are a very brave man, I hope you got a tight stop on it, anyway good luck
Terry just wondered your thoughts on Teg I currently hold Bowl (at a loss) both had cracking business model's prior to this all kicking off.
I'm not sure there will be any uptick soon for either company as I would imagine that leisure centre's along with pubs will be last to reopen plus they will probably only be able to open every other lane which means halve productivity for at least six months to possibly a year after they can start trading again.
I think Bowl said in last update they can last through to Oct without drawing down on any bank debt and have a feeling they need to look on that as best case scenario.
Would welcome your thoughts and also why you prefer Teg for a starter position over Bowl ?
Good luck and congrats on picking the bottom of the market (even if it proves to be the first bottom but I do wonder I remember in the credit crunch early days rally people saying its bear market rally but it just kept going up).
Regards Andy
Yup a short. In fact I prefer shorting the US market as that looks very overbought to me X S&P500 SH ETF (LON:XSPS) . I am in awe of your ability to predict the market - it has been astonishing. But in my opinion the market cannot continue its upward trajectory. The fundamentals of the economy are so heavily impacted that the stock market is likely to reflect the damage at some stage - at the moment they appear miles apart.
I agree I would short the index, I see 58% of IGG clients are shorting it. The economic factors have not been accounted for by the markets yet. Have you not seen the amount of jobs that are being lost?
Why not buy shares that are benefiting from the lockdown or the virus?
Still thinking only very safe companies that can survive almost anything long term - sure this not over yet.
I have bought GlaxoSmithKline (LON:GSK) today after above-forecast Q1 results. I have also sold hall my X FTSE100 SH ETF (LON:XUKS) holding - I don't understand the market optimism, but no point fighting it.
Going short big time however one does not fight the market so waiting until the market turns. not fighting the market to the point that over the last couple of weeks have nibbled long on the sectors which have been outperforming such as trading companies, metals, food related and nicely in profit (and selling into strength)
On my ongoing point of view the market is dislocated from reality for example in the US my long term share portfolio (which I did not touch prior to the downturn) is getting back to pre-crisis levels I will be selling it and moving into cash. Today Shell has cut its dividend for the first time since WWII, Lloyds results look dicey and with a continuing lock down things will only get worse (just check out the revised to lower GDP European figures).
Hi Andy
I was looking into maybe buy those 5 stocks, in the end, I only bought FRAS and HGM as they came top of Stocko's comparison.
Today I bought TSG as it was up around 70% from it's low, and it good to have Gold in these troubled times.
You are not sounding so confident now? 2 gold miners out of 3 shares but gold miners have gone up considerably already some have doubled, as you can see there were not immune from the crash which was surprising. Trans-Siberian Gold (LON:TSG) is up around 115% from it's low on 18th March. I hold several but may sell some soon. I have just gone through my portfolio and trimmed or sold quite a few.
The markets are behaving just like they did before the crash, ignoring all the bad news and rises are hinged on small pieces of good news. I have not started shorting the indexes yet but I will be soon.
I have started using the small non fee broker apps - FreeTrade and Trading 212. They are quick and easy to buy mainly Large Caps in Europe, UK and US. What has been most interesting is I have signed up to some Discord groups and a lot of younger people are pouring money into companies they believe can make them money quick. Obviously I dont have access to the volume of buying and selling but with mainly gambling, sport watching and other entertainment being shut off a lot of inexperienced traders could be helping bulk up the market price.
Maybe I am far from the mark but one of my theories on this erratic market.
That could be the case for some UK small caps but not for larger caps, private investors are a small proportion of the market. As we know this type of investing tends to fail, just like penny shares, many inexperienced investors get their fingers burnt.
Hi Terry,
I was just wondering what your analysis is saying about the markets at the moment? To me it feels like we might (finally) be at the end of the mini rally. I realise that we are coming from things from different angles (me being bearish and you bullish) but you did a great job at picking out the first trough.
All the best
Hi Mr dfs12
Well, I have just been checking the charts and it seems the FSTE 100 price has dropped below the uptrend. This is not good and as I have more Long positions then Shorts. I will be looking for short trades this coming week. Especially if the market keeps going down.
Have said that, the markets always discount the future, so I think the long term trend is up. But that's just my view.
Keep safe and may all your trades be profitable.
The market is going to tank again and I can smell the fear. its when it goes down and not over the 6000 mark, I will buy.
Hi Terry,
Many thanks for your thoughts. It does look like this week could be a bit different to the last 4 or 5. But the I've been saying that every week. One of these days I might be right!
Hope you get the deals you desire in place in good time.
All the best.
Mr Vontabago
You are going to trade against the trend, another brave man.
Please, remember the trend is your friend
Good luck and stay safe
With the slew of poor econonic and corporate news coming out, Warren Buffet not even investing, and the technical trend of the FTSE looking weaker - are you still expecting the market to go up Terry?
