As a small investor, I obviously watch the stock market mostly to look for bargains but also to look for trends. I also watch some of the forums to see what other investors are saying. There is a lot of ramping because sentiment does influence buying and selling but not to an extent that we can influence it. I do suspect that traders in the City of London are more positive and tend to buy on days when the sun is shining! I don’t base my dealing on the weather forecast, though.
The government is in favour of staying in the European Union and is at pains to tell us that the City of London is at the centre the global finance industry and makes shed loads of money for ’Britain’. You might think they make their money on the stock market spreads and on commissions. (more…)
Peaks and troughs
Day traders in the City of London watch for the peaks and troughs in share prices, selling on the peaks and buying on the troughs. They keep the market stable, but they also sell on bad news and buy on good news. (more…)