Markets are feeling a little fragile at the moment, thus we’ve not produced many offshore trade ideas over the last few weeks. We do at least have one offshore short-term trade idea today that we think is worth looking at.

Allstate corp.

Enter on a break above $94.90 with a stop loss at $91.07, and a target price around/below $100.00.

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

Podcasts

We’ve added a new daily podcast on our podcasts page. Go have a listen, and don’t forget to bookmark the page.