Shares

Hi,

Yesterday I just missed shorting the FTSE at 5410. My order has expired just before it touched this level. At the moment it is standing at 5390 meaning 20 points virtual profit… I do think that the FTSE will slow down today as traders will take some profit from yesterday rally. And if some bad news will come out we can find it very quickly visiting the 5300 area. That’s why I may submit a new order to short the FTSE at the same level as yesterday. It all depends how the FTSE will start. But because I already have a short position on Antofagasta I am less eager to open another short position.

I also carry the order from yesterday to short Rio at 3490 with stop at 3560. It seems like classic double top.

And I’ve added a new order to buy BAT at 2144 near the upper trend line support. BAT has been a bit weak during the last 2 weeks and yesterday it has even went down! But the long trend line that has April 09 seems to give the share good support.

In the last minute of trading today I opened a short position on Antofagasta.  Reason: 1035 seems like a resistence for me. The share has just jump 4.6% today and I think people will take profit and Anto will back to the 1000 region.

My stop is 1048 ny target is 1005.

17:46 Move the FTSE sell order to 5410 – It seems that the trend is up today so I think it can reach this level

Rio Tinto: Sell @ 3490 Stop 3561 Target: 3250. Reason: Double top. Current price: 3400

Tesco: Buy @ 390 Stop 385 Target: 410. Reason: Pivot price and kind of support. Current price: 398.

FTSE 100: Sell @ 5400 Stop 5453 Target: 5300 Reason: Top of a trading range. Current price: 5360

All the orders are valid till the end of the day (2/8/10)

* This is not a recommendation to copy my orders!

Hi all,

Have a look on this 30 minutes chart of BP.

The share opened high and reached 574.8 and the went down to 571.5. The next bar the high and low were in between the first bar. So I put an order to buy at 575 with tight stop loss of 571. On the third bar of the day BP has climbed above 575 and my order triggered. My target is 582 but as it stands now it seems that the share can’t break above 577.  To break even with the commission I’ve payed I need the price be at least 577.

No mater what because it is an intraday trade I will close it at the end of the day. I will keep you updated on this one.

I should put a list with all FTSE 100 ex-dividend but untill then here is Tesco:
Ex-dividend date interim 14 October 2009
Record date interim 16 October 2009
Interim dividend paid December 2009