(This post was last modified: 2013-06-29, 07:16 AM by notanewmember.)
RE: Watchlist - Traders method
I focus on UK shares, and one area I do need to expand on is the US markets - the biggest most liquid markets in the world.
UK Home builders are stronger here because, possibly, the Chancellor has introduced packages giving 20% deposits interest free for new build properties and London prime property has become some sort of safe haven for global European rich, American Rich, Japanese Rich, Hong Kong and Chinese Rich trying to preserve their wealth. Can one believe a small house in Central London would require the best part of half a million pounds today.
I would like to see a 2 yr low before I would want to short Home builders.