Jump to content

Santa Rally 2017


rimmy2000

Recommended Posts

Ahead of the Christmas rally period, during November, I took time to scout out and take positions in a few larger cap stocks (larger market caps than I would normally trade on)

These included

ITV

SBRY

WPP

  • I also have my ‘ghost’ replicated trade in Shire SHP (link) which is detailed within this link Bottom for Shire.

These have generally performed well and in step with the index over this time frame.

 

ITV was bought 22 Nov @ 151p and the gain has been steady but certain. I think there is a prospect here of potential takeover (not least rumors appearing) so may continue to hold into the new year.

itv4hr.JPG

SBRY was bought 12 Dec 2x positions @ 239p and @ 235p this trade is almost flat, with one in-profit trade helping to reduce the other which is slightly in the red. But I am keen to see how the price performs over the next couple of weeks, rather than closing out right now.

sbry.JPG

 

WPP was bought 1290p and has done well, building on the strength overall in the FTSE. What I wanted to point out here was the 52 point spike down on the 14th December (yellow). A tight stop would have been almost certainly triggered, but my trade was not affected.

wpp.JPG

Additionally, I took two daily positions out on the FTSE 100 on Friday 15th. 7,434, and 7,439

I managed to catch these on the bounce of Support 1 (S1) as indicated. From this point the trade was positive and I think this was the commencement of the Christmas rally (I had posted end of day on the 15th, see above) Subsequent days have been strong and I will hold this into the close of the year, I expect. Today has continued the ascent.

ukxrally.JPGDecember has been good, and thanks to those who contributed to this thread. I hope its been prosperous for yourselves, too :)

 

- I should add, hastily, wish everyone on IG Community and Merry Christmas!

Link to comment
  • 2 weeks later...

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • In the decentralized future, collaboration is key. Builders shaping the next wave of gaming, entertainment, finance, and community spaces require blockchain infrastructure that's scalable, cost-effective, and adaptable. They seek an ecosystem where creativity thrives, and support is abundant. This is where SAGA comes in. With its recent listing on Bitget exchange, its native token is gaining significant traction, signaling growing interest in SAGA's mission to empower Web3 builders.
    • The cryptocurrency industry has undergone substantial growth in recent years, largely fueled by centralized exchanges. However, with this growth comes a responsibility to adhere to regulatory standards. Recent revelations have cast a shadow over BingX, a prominent cryptocurrency exchange, as it has been found to be facilitating transactions for Iranian users in defiance of US sanctions. This blatant disregard for regulatory prohibitions, which are in place to combat terrorist financing and illicit arms procurement through crypto channels, raises serious ethical questions. The decision by BingX to engage with Iranian clients despite the associated risks and legal constraints has sparked concerns about the judgement of its management team. Of particular concern is the lax enforcement of Know Your Customer (KYC) verification, allowing users to withdraw significant sums without proper identity authentication. Inevitably, regulatory bodies such as the DOJ and SEC will seek explanations from BingX regarding these breaches. The repercussions of such inquiries are likely to be severe, with users already expressing alarm and initiating mass withdrawals. Beyond regulatory scrutiny, BingX's actions threaten its reputation and long-term viability. By flouting US sanctions and disregarding regulatory compliance, the exchange risks damaging its integrity and credibility. As BingX navigates this ethical quagmire, the extent of the fallout remains uncertain. What are your thoughts on the potential implications of these breaches for the exchange? Source: https://cointelegraph.com/news/bingx-exchange-iran-sanctions-evasion      
    • Current Bitcoin Price USD $67,710.6 GBP £54,355.5 Euro €63,529.5  
×
×
  • Create New...
us