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Cup and Handle Pattern: -It is a continuation pattern. -Discovered in 1988 by William O’Neil. I recommend his book How to Make Money in Stocks. -You need a previous trend in order to have a continuation pattern. -When the pattern trickles down the “handle” the volume will be slowly declining. -Once it breaks the “handle,”
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Years ago, before he took the Russian petrodollar, Gerhard Schröder was the guest speaker at a conference of Britain’s Labour party. In the lag between each sentence and its translation, members of the audience competed to laugh (if he had made a joke) or cheer (if he had made a solemn point) to show they
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The Puerto Rico Oversight Board Friday approved the commonwealth’s fiscal 2024 budget that increases government spending and was already approved by the governor and local legislature. The budget consensus marks a departure from the long history of disagreements between the territory’s elected government and the board created by the federal government to restructure Puerto Rico’s
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Bankers and traders are hoping that a flurry of listings in the US heralds a long-awaited revival in initial public offerings after the longest downturn in decades. Three companies started trading on Thursday after each of them raised more than $100mn in IPOs, marking the busiest day for listings since November 2021 and the latest
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Municipals were steady to end the month and first half of the year ahead of a paltry new-issue calendar which will see next week’s volume drop to the lowest level of 2023. U.S. Treasuries were firmer out long and equities rallied. Treasuries saw yields fall by as much as seven basis points on the long
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For savvy investors, there could be opportunities in real estate as properties in the current market dip in value. Collectively, prices for all types of property have fallen during the last months, as reported by CoStar. We can expect some owners to look to sell later this year, based on their difficulty to make financial
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France is facing a spiralling crisis after nights of unrest sparked by the police killing of a teenager of North African origin, in a fresh hurdle for President Emmanuel Macron as he was seeking to move on from months of protests over pension reforms. Mass union-backed demonstrations since the start of this year against Macron’s
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The writer, an FT contributing editor, is chief executive of the Royal Society of Arts The chorus of consensus on UK inflation and interest rates has risen several decibels recently. Economists, financial markets, commentators and politicians have been clear in their conviction that UK interest rates need to continue marching north to curb price pressures. With
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Former chancellor Alistair Darling says Sir Adrian Montague’s four decade career at the intersection of business and government makes him well equipped for his next mission: fix Britain’s largest water utility. Montague, who was appointed chair of Thames Water this week, “understood how government works while also understanding the private sector, which is essential in these
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