Wpp Share Discussion Threads

[nasdaqpat] 18/1/2017 10:37

Bet you're glad to be out of PSON, Gateside?

[gateside] 17/1/2017 22:46

Thanks for the analysis

[nasdaqpat] 17/1/2017 19:56

For me, the main takeaway today relating to FTSE100 is that it is 1 day into a Down wave that has, so far, resulted in a modest (19.85%) give back of the prior 28 day second principal Up wave (6679:7354) that put on 10.11%. Note that there was actually a zero day Down wave after the initial 6 days Up but that is best ignored in the light of the strength of the continuation wave and the difficult to breech gap that has been established as a consequence.

My guess is that it will give back just c(30.00%) over the next few days before resuming the rally and making new highs. My initial give back target is therefore c7152. After that, possibly only 1 more Up wave will be required to reach the high for Segment 4 (c+10.50% to c7378 was my last estimate) although FTSE could just as easily put in a couple more waves and put on in excess of 11.00% for S4.

A correction only really becomes viable once this extra wave base or bases has been established and I now think the correction is likely to be only of the Segmental variety with a further, fifth Segment (S5) to follow before a Phase correction.

So, once the real weakness starts, it will probably only result in a Segmental correction of c(55.00%) so if c7378 does become the top then FTSE would have put on c701 points in S4 and would then give back c(386) points leading to c6992 resulting in a decline of about (05.23%).

[gateside] 17/1/2017 17:06

There should be a trading update from BMS soon.

[nasdaqpat] 17/1/2017 16:45

Yes, really wanted to sell BMS today but decided it could be a genuine move based on improved business performance so have decided to hold for a while longer at least.

[nasdaqpat] 17/1/2017 16:42

Nevertheless, today's weakness is welcome and I have Added to all of our cash account trackers (L100, VUKE, SWDA & SJPA) so our two cash accounts are now collectively 35.3% invested whilst our overall portfolio has risen to 54.2% invested.

Today, our investments have significantly outperformed FTSE100 with a decline of just (0.51%) as opposed to (1.46%) for FTSE100. We had 19 Shares Up, 29 Down and 2 Unchanged.

[gateside] 17/1/2017 16:34

Nice performance from BMS

[nasdaqpat] 17/1/2017 16:04

Its nowhere near a correction yet, Invisage...this weakness is probably just a reciprocal Down wave or a couple of percent give back of 6875:7354. I'll let you know when FTSE is having a correction!

[invisage] 17/1/2017 12:46

FTSE finally correcting. All expected.

[nasdaqpat] 17/1/2017 08:34

Re-bought initial tranche of BT.A so we now have 50 companies and stock level increased to 48.7%.

[gateside] 16/1/2017 23:55

Cheers..... I'll add Iron Ore on the next update.

[nasdaqpat] 16/1/2017 22:34

So you should be able to Add Iron Ore to your list now and use the link provided for the updates, so just +3.1% so far this year.

[nasdaqpat] 16/1/2017 22:31

It ended 2016 at 8000c per tonne, 7300c at end of Nov 2016 and 4100c at end of 2015.

[nasdaqpat] 16/1/2017 22:23

Iron Ore traded at 8250c per metric tonne today, up 05.77% from Friday's 7800c.

[gateside] 16/1/2017 21:01

Precious Metals, Base Metals & Energy: Performance for 2017

Gold: +4.5%
Silver: +5.3%
Platinium: +8.8%

Copper: +6.0%
Aluminium: +5.3%
Zinc: +6.5%

Crude Oil: -2.7%
Natural Gas: -2.2%

[gateside] 16/1/2017 17:22

10 up, 1 level, unlucky 13 down.

Time to drive home from work. Will have a full look at the day's Markets later.

[nasdaqpat] 16/1/2017 17:09

Investments moderately underperformed FTSE100 today with a (0.50%) decline as opposed to a (0.15%) decline for FTSE100. We had 13 Shares Up, 34 Down & 2 Unchanged. Now 49 companies with stock level @ 48.4% following the purchase of an initial tranche of SJPA.

[nasdaqpat] 16/1/2017 16:37

Bit of a mystery is our Mr (or could it be Ms) Invisage, eh Gateside?

Makes one wonder why he or she is so keen to remain Incognito!

Surely revealing one's gender isn't too 'out there' but, then again, these days maybe there are people still trying to make up their minds as to what they want to be. FFS.

[nasdaqpat] 16/1/2017 16:01

Got a Vanguard, don't want another...might not be enough left for your voracious appetite.

You must be that guy that put together Trump's dossier exposé...Steele isn't it?

Or maybe you're a Lichenstein count who carries out his royal duties from home?

[invisage] 16/1/2017 15:48

Did you take a look at VJPN the Japanese vanguard tracker.

[invisage] 16/1/2017 15:48

I'm always working Pat. Even weekends. :)

[invisage] 16/1/2017 15:38

Why would you monitor the nikkei at night if you can't trade it during nikkei hours ?

[invisage] 16/1/2017 15:36

I have been considering buying Japan. Maybe I will in April when I can top up my ISA.

[nasdaqpat] 16/1/2017 15:27

Bought a fourth tracker type share (albeit a quiet amount to start with) for our drastically under invested cash accounts...SJPA (Ishares Japan UCITS ETF). It was a relatively poor year for Japan last year and it may do better this year. The Nikkei's relative volatility suits my investment style and is something for me to monitor overnight as I tend to sleep half at night and half during the day.

That makes 49 companies but still only 24.0% invested in our cash A/Cs and 48.3% including SIPPs.