Aston Martin etc for 29/07/2019

#FTSE #Brent This DNA testing fad looks like creating more trouble than Boris. Over the weekend, surprising news broke about three ‘brand new’ cousins when DNA evidence of late uncle’ activities emerged. Believing “this sort of thing only happened in TV soaps” is now a thing of the past but it makes for delicious gossip!

As for the markets, thus far SAGA has triggered an upward movement, albeit slowly. Lloyds Group on the other hand appears intent on heading to an initial 51.8p, requiring above 58.8p to trash the prospects. And Barclays has done nothing of note, despite their share price appearing more resilient than Lloyds.

Our “FTSE for FRIDAY” proved reliable with the index comfortably moving to our initial 7547 points. Thankfully, the market eventually closed the week above this target level at 7552 points, giving considerable hope for the next few sessions. The situation now suggests moves above 7561 points should bring a visit to an initial 7582 points. If exceeded, secondary calculates at 7617 points. Overall, the market needs break below 7380 points to give early warning it’s all about to go wrong.

Aston Martin Lagonda share price has certainly taken a tumble. Without going into a lot of boring detail, for some time we’d been calculating a bottom around the 4 quid mark. However, recent reversals cause us to revisit this potential and now we’re showing 539p as bottom. We cannot calculate share price closure below such a point. At present, the price requires exceed 861p to regain the trend and give optimism. For now, it’s less 007 and more Oh Oh.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

12:18:37PM

BRENT

63.24

61

59.235

56.46

64.64

63.93

64.26

64.72

63.1

12:20:41PM

GOLD

1419.05

               

12:23:27PM

FTSE

7549.96

               

‘cess

1:24:34PM

FRANCE

5603

               

1:28:18PM

GERMANY

12425

12354

12321.5

12279

12421

12449

12470.5

12529

12391

1:30:12PM

US500

3022.52

               

1:36:09PM

DOW

27165

               

1:38:09PM

NASDAQ

8003.6

               

‘cess

1:40:00PM

JAPAN

21653

               

  

26/07/2019 FTSE Closed at 7549 points. Change of 0.8%. Total value traded through LSE was: £ 5,783,845,666 a change of -16.38%

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