Pfizer Inc for 20/10/2020

#Gold #Nasdaq The US markets appear to have struggled through the anniversary of 1987’s Black Monday without severe trauma, so we decided to check on drug maker Pfizers potentials. The company claim to be mass producing a Covid-19 vaccine, awaiting approvals prior to launching their fix once national regulatory authorities give a green light. Apparently, they already are running trials on 44,000 people, hoping the product shall prove effecting and deemed safe. If this is the case, they’re intending to be able to supply health services immediately.

Overall, the company ambition is to provide health services with 1.3 billion dozes worldwide, a sales potential which must surely effect the pharmaceuticals share price! Equally, we couldn’t resist the temptation to find who makes the single use syringes required. It turns out to be a company called ApiJect, unfortunately not listed on trading exchanges.

 

Presently trading around 37.8 dollars, Pfizer looks like their share price need exceed 39.6 to become properly interesting. Such a movement looks capable of triggering an initial movement toward the 45 dollar level. Visually, we’d suspect some hesitation at such a point, due to previous highs. However, with closure above 45 dollars, things become quite useful as our next target level becomes the 50 dollar mark. An achievement such as this should prove extremely significant, launching the share into “all time high” territory where a longer term attraction shall be viewed as 62 dollars.

There’s no doubt this has potentials, so the big question will be; “shall it move on rumour of regulatory approvals or shall it move once they start shifting product?” Regardless, it appears worth watching in the hope they don’t foul up. Any excuse to reverse the share below 30 dollars risks producing some fairly extreme trauma, threatening a cascade down to 20 dollars initially with secondary, when broken, at 10 dollars.

 

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FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:15:21PM BRENT 42.78 Shambles
10:25:51PM GOLD 1904.53 1900 1893.5 1885 1914 1919 1923 1932 1903 Shambles
10:34:09PM FTSE 5864.76 Success
10:36:38PM FRANCE 4937 ‘cess
10:39:58PM GERMANY 12781 ‘cess
10:42:23PM US500 3440.22 Success
10:51:36PM DOW 28274 Success
10:55:10PM NASDAQ 11706 11603 11467 11224 11772 11890 11972 12095 11758 Success
10:56:57PM JAPAN 23527 ‘cess

 

19/10/2020 FTSE Closed at 5884 points. Change of -0.76%. Total value traded through LSE was: £ 3,773,149,871 a change of -31.24%
16/10/2020 FTSE Closed at 5929 points. Change of 1.66%. Total value traded through LSE was: £ 5,487,076,168 a change of 14.4%
15/10/2020 FTSE Closed at 5832 points. Change of -1.74%. Total value traded through LSE was: £ 4,796,476,365 a change of -9.92%
14/10/2020 FTSE Closed at 5935 points. Change of -0.57%. Total value traded through LSE was: £ 5,324,546,827 a change of 20.31%
13/10/2020 FTSE Closed at 5969 points. Change of -0.53%. Total value traded through LSE was: £ 4,425,675,316 a change of 16.42%
12/10/2020 FTSE Closed at 6001 points. Change of -0.25%. Total value traded through LSE was: £ 3,801,443,086 a change of -34.7%
9/10/2020 FTSE Closed at 6016 points. Change of 0.64%. Total value traded through LSE was: £ 5,821,685,817 a change of 29.2%

Barclays for 19/10/2020

#Brent #DAX Every week, we feature one of the main retail banks as our opening article, every week hoping the share price shall do something positive. This effectively means, we start each week pretty disappointed the sector still is failing to perform. When we last covered Barclays 3 weeks ago, we’d optimistically reported 103.5 as a possible initial target level. If exceeded, our secondary was at 113p.

Something funny happened. The price achieved our initial target level, moved above it for 4 sessions with the rise eventually losing interest in life around 1/2 way to our all important secondary. We’re inclined to treat this as perhaps signalling a lack of strength and commitment, making us suspect another round of floundering about aimlessly is due to commence! If this is indeed the case, weakness next below 98p calculates with the potential of reversal to an initial 92.5p with secondary, if broken, at 87p. In a normal world, we’d hope for a proper bounce if the secondary is achieved but there’s a distinct big picture worry due to the visuals indicating such a movement takes the share into the land of lower lows.

 

Perhaps we’re being too dramatic as Barx now need only exceed 105 to next suggest movement coming to an initial 109 with secondary, if exceeded, a less likely (given recent behaviour) 116p. One item we shouldn’t ignore; the share price HAS NOT closed below the point at which it broke the immediate downtrend. Had the company managed to close a day below 99p, this would confirm the onset of weakness. Instead, care has been taken to ensure this was not the case and thus, perhaps hope is justified.

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FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:58:29PM BRENT 43.04 42.44 41.66 40.99 43.27 43.26 43.52 43.88 42.45 Shambles
10:00:24PM GOLD 1899.86 ‘cess
10:03:37PM FTSE 5908 ‘cess
10:24:52PM FRANCE 4934 Success
10:27:15PM GERMANY 12889 12798 12776.5 12715 12892 12961 12990 13121 12894 Success
10:28:55PM US500 3471.82 ‘cess
10:30:38PM DOW 28540 Success
10:37:33PM NASDAQ 11808 ‘cess
10:39:20PM JAPAN 23490 ‘cess

 

16/10/2020 FTSE Closed at 5929 points. Change of 1.66%. Total value traded through LSE was: £ 5,487,076,168 a change of 14.4%
15/10/2020 FTSE Closed at 5832 points. Change of -1.74%. Total value traded through LSE was: £ 4,796,476,365 a change of -9.92%
14/10/2020 FTSE Closed at 5935 points. Change of -0.57%. Total value traded through LSE was: £ 5,324,546,827 a change of 20.31%
13/10/2020 FTSE Closed at 5969 points. Change of -0.53%. Total value traded through LSE was: £ 4,425,675,316 a change of 16.42%
12/10/2020 FTSE Closed at 6001 points. Change of -0.25%. Total value traded through LSE was: £ 3,801,443,086 a change of -34.7%
9/10/2020 FTSE Closed at 6016 points. Change of 0.64%. Total value traded through LSE was: £ 5,821,685,817 a change of 29.2%
8/10/2020 FTSE Closed at 5978 points. Change of 0.54%. Total value traded through LSE was: £ 4,506,090,091 a change of -9.79%

FTSE for FRIDAY & Twitter too 16/10/2020

FTSE for FRIDAY & Twitter too (FTSE:UKX) With the world reeling in shock, due to the Twitter service being “down”, we’re inclined to expect the worst for Friday as Twitters importance cannot be overstated. Except, of course, it’s completely overstated, due to the service being the easiest source of “he said/she said” lazy news for journalists of all hues! Who knows, on Friday reporters will need do actual work if Twitter remains blissfully silent.

A rather more irritating aspect of Twitters failure has been the realisation integrating it with our own website has caused loading issues, the cause of which only became clear with Twitters trip to the dark side. Unable to communicate with Twitter, our own website started to experience dramatic pauses. Thus, it’s goodbye to Twitter – for now.

However, the organisations share price is looking interesting with 51.5 dollars looking possible as a pretty major point of interest next. If bettered, secondary calculates at 58.5 and should the share price ever manage above such a level, price movements risk becoming irrational as we cannot calculate beyond such a level presently. In terms of the long term, “irrational” is a good thing.

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FTSE for FRIDAY As for the FTSE, it feels like Friday faces some further reversals due to the point at which the UK market closed on Thursday. The immediate scenario is fairly straightforward as weakness next below 5785 points risks promoting reversal to an initial 5689 points with secondary, if broken, at a bottom around 5604 points. We would hope for a proper rebound, should the secondary make an appearance.

If this reversal scenario triggers, the tightest stop looks like 5835 points.

 

Alternately, above 5843 (the market closed at 5828) calculates as apparently capable of 5870 points. If exceeded, secondary works out at 5882 points. While these ambitions may look tame, the important detail worth remembering is above 5882 implies bottom is “in” on the current cycle and further gains may be hoped for.

Have a good weekend.

Hey, chart goes here

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:37:23PM BRENT 43.38 42.55 41.71 43.39 43.6 44.225 43 ‘cess
9:49:53PM GOLD 1909 1872 1826 1901 1909 1913.5 1901 ‘cess
9:53:37PM FTSE 5867 5822 5738 5862 5882 5915 5851 Success
10:03:00PM FRANCE 4884.7 4806 4772.5 4846 4890 4902 4859 Success
10:06:11PM GERMANY 12749 12664 12538.5 12745 12763 12795.5 12705 Success
10:08:51PM US500 3483.77 3438 3427.5 3472 3490 3505.5 3470 Success
10:18:03PM DOW 28501.7 28353 28250.5 28515 28540 28608.5 28380 Success
10:20:43PM NASDAQ 11896 11818 11723.5 11937 11975 12027 11848 Success
10:28:30PM JAPAN 23462 23411 23335.5 23510 23559 23591 23432 ‘cess
15/10/2020 FTSE Closed at 5832 points. Change of -1.74%. Total value traded through LSE was: £ 4,796,476,365 a change of -9.92%
14/10/2020 FTSE Closed at 5935 points. Change of -0.57%. Total value traded through LSE was: £ 5,324,546,827 a change of 20.31%
13/10/2020 FTSE Closed at 5969 points. Change of -0.53%. Total value traded through LSE was: £ 4,425,675,316 a change of 16.42%
12/10/2020 FTSE Closed at 6001 points. Change of -0.25%. Total value traded through LSE was: £ 3,801,443,086 a change of -34.7%
9/10/2020 FTSE Closed at 6016 points. Change of 0.64%. Total value traded through LSE was: £ 5,821,685,817 a change of 29.2%
8/10/2020 FTSE Closed at 5978 points. Change of 0.54%. Total value traded through LSE was: £ 4,506,090,091 a change of -9.79%
7/10/2020 FTSE Closed at 5946 points. Change of -0.05%. Total value traded through LSE was: £ 4,994,944,768 a change of 3.84%

Inchcape Plc for 15/10/2020

#Gold #Nasdaq The household menagerie sometimes gives surprising inspiration. Living in the country, it’s been easy to become immune to the dogs chasing (and never catching) deer, pheasant, squirrel, ducks and frogs, and the sodding black cat. But what happens, when one of the dogs finds an animal which doesn’t run away? For 90 minutes, from 2am, a Golden Retriever panic barked in the forest behind the house, evading all forms of bribery as we attempted to capture her. Eventually, the torch highlighted a dark object on the forest floor which was the focus of the utterly berserk animal who, in reality, was probably having the time of her life.

A hedgehog had curled into a ball, opting to ignore everything going on. The poor animal was doubtless unaware the dog had excavated the soil and was about to push it in. Only my intervention saved it, so the dog swiped the hedgehog with a paw, rolling it down the hill, straight over the cliff to the garden below. The dog rushed down to the lawn and was promptly marched into the house. Meanwhile, the hedgehog unwound and set about exploring new terrain. It was 4am when I got to bed.

But the hedgehog gave pause for thought. A beast which didn’t run away, just weathered the storm? Quite a few shares have been exhibiting such behaviour since the pandemic price drop in March.

 

Inchcape doubtless will be experiencing a year not worth remembering, yet its share price movements in the last 7 months have not proved noteworthy, instead the price emulating the hedgehog. Their UK operations will doubtless be experiencing identical trauma to the rest of the industry and unfortunately, it’s likely their operations in the other 31 countries in which they’ve a presence will be experiencing similar vile market conditions. We’re inclined to anticipate the worst for Inchcape.

Visually, there’s a strong implication of weakness next below 400p forcing reversal to an initial 265p with secondary, if (when) broken at a bottom of 62p in the longer term. To be blunt, the price is already trading in such frigid territory and we wonder if their results this November shall provoke a swift reversal. Already, we’ve two quite distinct arguments favouring 265p as some sort of bounce level but we’d warn, should the price manage below such a level, there’s an enhanced risk of future reversals until the lows of 2009 are again challenged at an ultimate bottom at the 62p level.

Only in the event of Inchcape exceeding 570 shall we feel any recovery may be genuine as this allows for surprise moves to an initial 677 with secondary, if exceeded, at 784p. We lack optimism.

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FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:54:52PM BRENT 43.56 Success
9:57:04PM GOLD 1900.77 1897 1890 1876 1905 1914 1922.5 1936 1899 Success
9:59:43PM FTSE 5908.52 Shambles
10:02:15PM FRANCE 4917.2 Shambles
10:10:58PM GERMANY 12970 ‘cess
10:21:53PM US500 3487.37 ‘cess
10:24:24PM DOW 28525 ‘cess
10:52:40PM NASDAQ 11961 11898 11847 11776 12046 12184 12280.5 12406 12075 ‘cess
10:56:19PM JAPAN 23534 ‘cess
14/10/2020 FTSE Closed at 5935 points. Change of -0.57%. Total value traded through LSE was: £ 5,324,546,827 a change of 20.31%
13/10/2020 FTSE Closed at 5969 points. Change of -0.53%. Total value traded through LSE was: £ 4,425,675,316 a change of 16.42%
12/10/2020 FTSE Closed at 6001 points. Change of -0.25%. Total value traded through LSE was: £ 3,801,443,086 a change of -34.7%
9/10/2020 FTSE Closed at 6016 points. Change of 0.64%. Total value traded through LSE was: £ 5,821,685,817 a change of 29.2%
8/10/2020 FTSE Closed at 5978 points. Change of 0.54%. Total value traded through LSE was: £ 4,506,090,091 a change of -9.79%
7/10/2020 FTSE Closed at 5946 points. Change of -0.05%. Total value traded through LSE was: £ 4,994,944,768 a change of 3.84%
6/10/2020 FTSE Closed at 5949 points. Change of 0.12%. Total value traded through LSE was: £ 4,810,400,259 a change of 20.66%

Advanced Oncotherapy for 14/10/2020

#France #WallSt When a witch goes in for a breast scan, is she given a Pentagram or a Mammogram? This joke, and others, polluted our in-house emails when discovering one of the gang had found “a lump”. Thankfully it appears something easily dealt with, but the fright generated a lot of really bad jokes, trying to conceal immediate worries with humour.

 

However, the experience reminded us to review a playing in the field. With recent emails expressing interesting in Advanced Onco, we didn’t have far to look for inspiration. To pretend due diligence, we also visited the company website and discovered more than we needed to know about something called Proton Beams.

The share price behaviour this week has been quite interesting and we’re not presently concerned at the slight reversals being shown. Movement on Monday appears to have triggered a coming growth cycle to an initial 40p with secondary, if exceeded, at 47p. Presently trading around the 36p level, above 38p should make upward travel difficult to restrain. To cancel the immediate cycle, the share price needs either close a session below 33p or drop below Red, currently at 30.25p, to promote concerns as to longer term growth.

 

Visually there’s a pretty strong hint the price should experience hesitation, should 47p make an appearance. However, closure above such a level is liable to be really critical, launching the share price into a region with a long term ambition of 83p eventually.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:21:21PM BRENT 42.67
10:23:53PM GOLD 1891.47 Success
10:26:01PM FTSE 5976 Success
10:28:09PM FRANCE 4940 4927 4906 4888 4951 4951 4960 4971 4931 ‘cess
10:30:20PM GERMANY 13001 Success
10:32:33PM US500 3510.22
10:40:56PM DOW 28685 28647 28601 28482 28761 28898 28959 29079 28724
10:44:02PM NASDAQ 12092 Shambles
10:46:16PM JAPAN 23548
13/10/2020 FTSE Closed at 5969 points. Change of -0.53%. Total value traded through LSE was: £ 4,425,675,316 a change of 16.42%
12/10/2020 FTSE Closed at 6001 points. Change of -0.25%. Total value traded through LSE was: £ 3,801,443,086 a change of -34.7%
9/10/2020 FTSE Closed at 6016 points. Change of 0.64%. Total value traded through LSE was: £ 5,821,685,817 a change of 29.2%
8/10/2020 FTSE Closed at 5978 points. Change of 0.54%. Total value traded through LSE was: £ 4,506,090,091 a change of -9.79%
7/10/2020 FTSE Closed at 5946 points. Change of -0.05%. Total value traded through LSE was: £ 4,994,944,768 a change of 3.84%
6/10/2020 FTSE Closed at 5949 points. Change of 0.12%. Total value traded through LSE was: £ 4,810,400,259 a change of 20.66%
5/10/2020 FTSE Closed at 5942 points. Change of 0.68%. Total value traded through LSE was: £ 3,986,790,747 a change of -6.97%

Ferrari for 13/10/2020

#Gold #SP500 A surprising number of folk remain interested in the prancing horse, despite their 2020 Formula 1 performance being measured in pantomime ponies. We last reviewed #Ferrari over a year ago (link) we’d given 193 dollars as a pretty important point of interest. Despite  this price level assuming a degree of importance during August & September and even closing slightly above our Big Picture target, we’re starting to get a little nervous.

Ferrari in New York are presently trading around 184 dollars and we can identify below 171 as being a point where some sort of short position should be justified, once with a stop loss placed at 186 dollars. Below 171 dollars risks triggering reversals to an initial 157 dollars with secondary, if broken, a rather less pleasing 130 dollars, though perhaps meritorious of the companies pace in F1. To put it into perspective, if the new Top Gears (surprisingly watchable) Paddy McGuiness was on the F1 grid, there’d be a reasonable chance he’d finish before Ferrari due to their reliability.

 

Of course, this state of affairs perhaps means the company are focussed on their road cars this year!

 

Despite luxury cruise ships queuing to be broken up for scrap metal value in Turkey, we rather doubt the luxury car market faces similar fate. Apparently the pandemic has been financially kind to the super-rich, making it pretty certain Ferrari are still tackling a never ending waiting list. This being the case, above 189 dollars promises a change in fate for the share price as we’re looking for recovery again to an initial 192 dollars with secondary, if exceeded, calculating at 208 dollars and yet another all time high. This is liable to prove significant, threatening a longer term attraction from 225 dollars.

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FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:51:56PM BRENT 41.89
9:54:46PM GOLD 1922.98 1918 1913.5 1907 1925 1931 1934.5 1940 1921
10:01:32PM FTSE 6029.79
10:16:29PM FRANCE 4988.5 ‘cess
10:22:38PM GERMANY 13172 Success
10:25:20PM US500 3539.72 3484 3473 3447 3510 3550 3560 3586 3499 Success
10:32:25PM DOW 28913 Success
10:35:47PM NASDAQ 12101 Success
10:38:50PM JAPAN 23604 ‘cess

12/10/2020 FTSE Closed at 6001 points. Change of -0.25%. Total value traded through LSE was: £ 3,801,443,086 a change of -34.7%
9/10/2020 FTSE Closed at 6016 points. Change of 0.64%. Total value traded through LSE was: £ 5,821,685,817 a change of 29.2%
8/10/2020 FTSE Closed at 5978 points. Change of 0.54%. Total value traded through LSE was: £ 4,506,090,091 a change of -9.79%
7/10/2020 FTSE Closed at 5946 points. Change of -0.05%. Total value traded through LSE was: £ 4,994,944,768 a change of 3.84%
6/10/2020 FTSE Closed at 5949 points. Change of 0.12%. Total value traded through LSE was: £ 4,810,400,259 a change of 20.66%
5/10/2020 FTSE Closed at 5942 points. Change of 0.68%. Total value traded through LSE was: £ 3,986,790,747 a change of -6.97%
2/10/2020 FTSE Closed at 5902 points. Change of 0.39%. Total value traded through LSE was: £ 4,285,372,497 a change of -12.92%

Natwest Group for 12/10/2020

#Brent #DAX Preparing for the worst is in everyone’s nature. Currently going through a type of chemo, a visit to the loo on Friday morning suggested a justified degree of panic. Most blokes are used to recycling lager but a stream of what looked like red wine was scary. A quick check of ‘Possible Side Effects’ had the words, Go To Hospital in big red letters with this symptom. Needless to say (and due to feeling utterly fine), time was taken to pack a bag, to print a book (on the stock market) which still needs editing, and put critical files on a laptop. Eventually ready to spend a weekend in intensive care, arrived at the local hospital and was seen immediately.

After a very short delay, the doctor who’d taken the offered sample returned.

“You can go home now,” she smiled. “I’ve phoned the cancer unit and also emailed your GP. He’ll call you later. Essentially, it was gloop. The chemo is doing its job and expelling the bad stuff. There was hardly a trace of blood in your dark red pee!”

Returning home, a flurry of calls from the cancer unit and GP provided some fairly strict orders on what to watch for, along with a demand to attend hospital on Monday morning. They tend not to mess around with “belt and braces” levels of tests when going through treatment. But utter elation, a reprieve from real panic, ensured despite Scotland’s awful weather, the weekend was great. Sometimes we all panic needlessly.

 

Which brings us to Natwest and not, for a change, due to the share price ‘taking the p**s!’.

 

The retail banks, or as we call them, the Clown Sector of the FTSE, continue to show signs of recovering from the limbo dance of share prices. Natwest (RBS) managed to achieve our previous suggestion of 90p, taking the price below that achieved when the banking sector collapsed in 2009. Actually, the price bounced slightly above our 90p target, thus allowing some hope for the future.

Presently trading around the 113p level, the share needs next trade above 116.5p to confirm our fledgling optimism as this is supposed to trigger continued recovery to an initial 124p with secondary, if exceeded, a marginally more respectable 137p. Visually, there’s every chance the 137p level shall provoke some hesitation if achieved. This price level matches the immediate high following the March Covid drop and again, matches the high of last June. Experience tends teach us to watch out for Glass Ceiling levels and this one certainly appears a willing contender.

Only with closure above 137p dare we believe things shall become really interesting as it becomes easy to postulate continued longer term oomph in the direction of 192p.

If it all intends go wrong, the share needs drip below the 100p level as reversal to 90p is expected, hopefully with another bounce. There’s a serious problem below 90p as bottom, if this level breaks, now calculates down at 69p.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
1:20:00PM BRENT 42.97 42.64 41.38 40.6 43.16 43.72 44.2175 44.99 42.97 ‘cess
1:48:24PM GOLD 1930.77 Success
1:52:16PM FTSE 6026 ‘cess
2:03:41PM FRANCE 4946 ‘cess
2:05:57PM GERMANY 13095 13008 12975 12935 13080 13104 13138.5 13182 13044
2:13:32PM US500 3484.47 ‘cess
2:25:54PM DOW 28661
2:30:37PM NASDAQ 11740 ‘cess
2:33:03PM JAPAN 23567 ‘cess

9/10/2020 FTSE Closed at 6016 points. Change of 0.64%. Total value traded through LSE was: £ 5,821,685,817 a change of 29.2%
8/10/2020 FTSE Closed at 5978 points. Change of 0.54%. Total value traded through LSE was: £ 4,506,090,091 a change of -9.79%
7/10/2020 FTSE Closed at 5946 points. Change of -0.05%. Total value traded through LSE was: £ 4,994,944,768 a change of 3.84%
6/10/2020 FTSE Closed at 5949 points. Change of 0.12%. Total value traded through LSE was: £ 4,810,400,259 a change of 20.66%
5/10/2020 FTSE Closed at 5942 points. Change of 0.68%. Total value traded through LSE was: £ 3,986,790,747 a change of -6.97%
2/10/2020 FTSE Closed at 5902 points. Change of 0.39%. Total value traded through LSE was: £ 4,285,372,497 a change of -12.92%
1/10/2020 FTSE Closed at 5879 points. Change of 0.22%. Total value traded through LSE was: £ 4,921,284,024 a change of -5.87%