Stock Market Analysis & Opinion

This morning saw the release of the latest UK employment data, showing a drop of 31,000 to 1.58 million for the number of jobless claims. This means that the economic indicator has declined to its...

Sainsbury’s stock soursEven after an almost unbroken 9-year run of quarterly sales rises dried up late in 2014, J Sainsbury PLC (LON:SBRY) remained the only Big 4 grocer to keep...

Ocado (LON:OCDO) is the latest grocer to highlight the emergence of pressure in wholesale food pricing as a result of the weakness of the pound. The group’s comments about these "market pricing...

Last week the FTSE 100 index declined to a level where the lower line of a potential rising wedge is parallel to the upper line. In a rising wedge the lines should be converging. Therefore the index...

So, the ECB delivered a policy statement and press conference that were more in less in line with expectations. Mario Draghi re-iterated that QE is likely to stay in the Eurozone at least until the...

Shortly after Midday Philip Hammond, the UK’s chancellor of the exchequer, will announce the latest Budget in what is sure to be a highly scrutinised event. The pound is under pressure going...

The FTSE 100 is pulling back further this morning, the advance is losing momentum as indicated by the bearish divergence on the MACD at the bottom of the chart. Last week the index made a new high but...

Support 7360 7350 7345 7279 7277 7260 7240Resistance 7368 7396 7401 7417 7425 7443 7520Good morning, I hope you had a good weekend. Kicking off a bit in Asia at the moment with North Korea firing four...

Yesterday saw the FTSE 100 rally 119 points to all-time highs, opening on its lows and closing on its highs for good measure. The intraday range was the largest since 7th December 2016 and is clear...

The owner of disappearing message app Snap Inc (NYSE:SNAP) is enjoying a market debut that follows the dot.com playbook almost to the letter.At Wednesday night’s oversubscribed IPO (where demand...

There are so many reasons why the stock market, the US market in particular, looks overbought right now. The RSI – the relative strength index – is at its highest level for twenty years...

Support 7355 7312 7308 7280 7255 7223Resistance 7370 7381 7399 7415 7425 7438 7452Well that was an interesting rise yesterday, pretty much from nowhere as the speech hadn't really caused much buying...

Support 7270 7268 7251 7241 7225 7192 7180Resistance 7281 7300 7317 7324 7343 7425Off we go with the start of another new month off the back of the first address by President Trump to Congress last...

Snap’s IPO is a big dealSnap could easily be the hottest new listing this year. Snap, the owner of the Snapchat messaging app is the first major social media IPO since Twitter and the largest...