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Market – Has the tide turned?

Trading Room – Thur 1 Nov 2018

Markets love to surprise and markets love to trap too. The immense skill of an elite trader is to determine which is the likely scenario on the balance of probabilities using the widest array of information available. Common traders will tend to get carried away in media headline news explaining the move AFTER it happened (see this report on “when trades go wrong”) Continue reading Market – Has the tide turned?

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A rose under the winter snow

Trading Room – Mon 29 Oct 2018

Stocks fell sharply on Friday in U.S. as investors slogged through another volatile session on Wall Street.

The Dow Jones Industrial Average closed 296.24 points lower at 24,688.31 after dropping 539 points at its lows of the day. The Nasdaq Composite dropped 2.1% to 7,167.21. At its lows, the tech-heavy Nasdaq had fallen more than 3.0%. Continue reading A rose under the winter snow

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Hot Stocks – What to do with O&G stocks now?

Trading Room – Thursday 25 Oct 2018

Oil prices on Wednesday broke their key supports despite a looming U.S. sanction against Iran coming into effect soon.

Front-month Brent crude oil futures were traded around US$76.76 a barrel while US West Texas Intermediate (WTI) crude futures were at US$66.58 a barrel.

Brent closed down 4.3% and WTI dropped 4 .0% in the previous session. Continue reading Hot Stocks – What to do with O&G stocks now?