investors intelligence
Generating first rate investment advice since 1947
Sample Research


Services:

UK Daily Hotline 
13 October 2014             By S Gale, Analyst
    
    
    
    
    
    
    
    
UK Index Summary
 CloseVolume1 day ChangeP&F TrendStop
FTSE 100 6339.97905.0m-91.88-1.4% Bear 2 Oct 2014 6950.00
FTSE 250 14641.6308.8m-169.75-1.1% Bear 8 Sep 2014 15350.00
FTSE SmallCap Index 4180.18134.1m-65.29-1.5% Bear 14 Apr 2014 4500.00
FTSE All Share 3380.021,337.0m-47.68-1.4% Bear 23 Sep 2014 3680.00
Closing prices through Fri Oct 10, 2014
The UK markets open lower, but have begun to rally

The FTSE 100 tests support from the October 2013 lows at 6,330.

Index Breadth
Our FTSE 100 % 30 Week MA Breadth Indicator makes new lows to maintain its bearish divergence to the market.

Sectors
The Household Goods & Construction Sector unwinds into its medium term trend at the 200-day MA.

The Oil & Gas Sector finds the bottom of the medium term price and relative ranges.

Stock Action
We watch to sell in Ladbrokes as it broke medium term price and relative support to make new all-time lows. We watch to sell a potential oversold correction into resistance at previous lows.

Portfolio Update

We closed our long postion (-7.99%) in Glencore as it hit our stop at 320 and broke short term support.

We closed our long position (-10.79%) in CRH as hit our stop, breaking to new price lows and testing relative support.

We closed our long position in (-5.72%) in Centrica as it hit our stop and broke medium term support to make new lows.

We take profits in our short position (15.86%) in GKN as it reaches support at 285, having become deeply oversold.

Chart of the day: WEIR
We open a short position in Weir Group as it makes new short term price and relative lows, despite also becoming short term oversold. We target 1,850 and place our stop at 2,430.

Portfolio
UK Equity Trading (long/short) Longs
Date Stock Code Type Open Price Current Price % P&L Stop Comment
29 May 2014 William Hill PLCWMH Long 355.2 343.7 -3.24%320
18 Jun 2014 Capita Group PLCCPI Long 1151 1135 -1.39%1120
26 Jun 2014 Vodafone Group PLCVOD Long 194.25 193.9 -0.18%188
11 Aug 2014 Reed Elsevier PLCREL Long 955.5 963.5 +0.84%920
12 Sep 2014 Atkins (WS)ATK Long 1367 1302 -4.75%1250
15 Sep 2014 Catlin Group LtdCGL Long 508.5 511 +0.49%480
16 Sep 2014 Hiscox PLCHSX Long 638 646 +1.25%600
16 Sep 2014 Inmarsat PLCISAT Long 725.5 702 -3.24%690
19 Sep 2014 Derwent London PLCDLN Long 2830 2677 -5.41%2650
26 Sep 2014 Burberry Group PLCBRBY Long 1518 1477 -2.70%1400
26 Sep 2014 Reckitt Benckiser PLCRB/ Long 5330 5130 -3.75%5000
29 Sep 2014 Admiral Group PLCADM Long 1281 1255 -2.03%1200
3 Oct 2014 Prudential PLCPRU Long 1372.5 1359.5 -0.95%1275
6 Oct 2014 Melrose PLCMRO Long 252.2 238.7 -5.35%235
UK Equity Trading (long/short) Shorts
Date Stock Code Type Open Price Current Price % P&L Stop Comment
12 Aug 2014 Serco Group PLCSRP Short 330.5 279.5 +15.43%360
19 Aug 2014 IG Group Holdings PLCIGG Short 633.5 605 +4.50%660
1 Sep 2014 GlaxoSmithKline PLCGSK Short 1460 1375 +5.82%1540
8 Sep 2014 Carillion PLCCLLN Short 325.6 303.6 +6.76%342
9 Sep 2014 Johnson Matthey PLCJMAT Short 3168 2743 +13.42%3275
12 Sep 2014 Whitbread PLCWTB Short 4247 3958 +6.80%4500
15 Sep 2014 GKN PLCGKN Short 340.5 286.5 +15.86%365
16 Sep 2014 International Consolidated AirlinesIAG Short 366.7 325.4 +11.26%390
19 Sep 2014 Croda International PLCCRDA Short 2164 2039 +5.78%2300
22 Sep 2014 Aberdeen Asset Management PLCADN Short 417.1 396 +5.06%450
1 Oct 2014 BG Group PLCBG/ Short 1094.5 1025 +6.35%1155
2 Oct 2014 Barclays PLCBARC Short 220.8 223.9 -1.40%240
7 Oct 2014 Howden Joinery Group PLCHWDN Short 325.8 318 +2.39%345
10 Oct 2014 Weir GroupWEIR Short 2206 2206 0.00%2430
Recommend a friend! Tell your friends to mention your name when subscribing to Investors Intelligence, and get a months free access to a service of your choice! For more information, email support@investorsintelligence.com

Also available online at www.investorsintelligence.com. Unauthorized forwarding, copying or reproduction of this report will be treated as a breach of copyright. To subscribe, visit the website or contact Investors Intelligence on +44 (0)20 7352 4001 or email support@investorsintelligence.com.

This report has been produced and compiled by Investors Intelligence, a division of Stockcube Research Limited which is authorised and regulated by the Financial Conduct Authority. It is distributed by Stockcube and is provided for information purposes only. Under no circumstances is it to be used or considered as an offer to sell, or a solicitation of any offer to buy. While all reasonable care has been taken to ensure that the information contained herein is not untrue or misleading at the time of publication, we make no representation as to its accuracy or completeness and it should not be relied upon as such. From time to time Stockcube and any of its officers or employees may, to the extent permitted by law, have a position or otherwise be interested in any transactions, in any investments (including derivatives) directly or indirectly the subject of this report. Also Stockcube may from time to time perform other services (including acting as adviser or manager) for any company mentioned in this report. The value of securities can go down as well as up, and you may not get back the full amount you originally invested. Derivatives in particular are high risk, high reward investment instruments and an investor may lose some or all of his/her original investment. If you make an investment in securities that are denominated in a currency other than that of GB Pounds you are warned that changes in rates of foreign exchange may have an adverse effect on the value, price or income of the investment. The investments referred to herein may not be suitable investments for all persons accessing these pages. You should carefully consider whether all or any of these are suitable investments for you and if in any doubt consult an independent adviser. This report is prepared solely for the information of clients of Stockcube who are expected to make their own investment decisions without reliance on this report. Neither Stockcube nor any officer of Stockcube accepts any liability whatsoever for any direct and consequential loss arising from use of this report or its contents. This report may not be reproduced, distributed or published by any recipient for any purpose without the prior express consent of Stockcube.

Copyright 2014 by Stockcube Research Ltd.





Subscribe here:

Click here to subscribe to the Investors Intelligence UK Stock Service!