Week 34 of 2012.
It’s like watching paint dry out there at present – but that’s summer trading for you. The markets seem to be floating along like someone sleeping on an inflatable lilo. With Obama elections around the corner, the punctures seem to have been plugged for now.
Detail from the Fed on their annual Jackson Hole meeting should provide some direction next week – albeit a shorter one due to the Bank Holiday. Apart from that – it’s likely to continue this way until St legers day (Sept 15th) when the markets historically get back to work (if you believe that mantra).
Indices summary – The DOW closed week down 117pts 13158. The FTSE 100 finished down 75pts at 5777. Both reflected some moderate profit taking after a strong previous weeks session.
A virtual portfolio has been set up using the 2011 final trading day close figures as a starting point and £1000 has been invested in each stock. This does not include buying fees or stamp duty and is purely intended to be used as a benchmark or summary for each week. 2 newspaper top tens for 2012 have been included to help monitor/compare against.
Week 34 stock picks summary:
The mini month league enters week 6. It’s been slow which is surprising considering the news that has come through on some of the stocks and is due in particular from CHAR. The league is up 2.83% which broadly inline with the major indices. Not much to get excited about – just yet. But with news due from XEL, CHAR, GKP and SLE on the drill front – things could change real fast.
Thesharehub mini month league runs through to St Legers Day (Sept 15th) and is simply a measure of 5 stocks during the lazy summer period.
The results chart can be seen below…
Not much change in the yearly stock picks but good to see all 4 in the blue. The hotlist was helped by BOR’s fluid sample results which has added some excitement back into the FI’s. With FOGL’s drill ongoing – it could get more exciting. Watch out for possible news from CHAR, AFR, and MXP as all have drill or testing news to report imminently.
Current standings / Week 34 Results
1. The Independent 2012 +38.02% (weekly loss of 2.02%)
2. Tempus Times 2012 +7.10% (weekly loss of 1.10%)
3. The ‘B’ List 2012 +5.00% (weekly loss of 0.90%)
4. The 2012 Hotlist +0.42% (weekly gain of 1.62%)