Andrex & France (CAC40) for 12/03/2020

#Nasdaq #France Kimberly-Clark, owners of Andrex (the UK’s favourite toilet paper), must be laughing all the way to the loo, given UK public’ behaviour in response to CoronaVirus. Unsurprisingly, it looks like it shall need more than this countries irrational behaviour to save NYSE:KMB from being flushed. But first, some bumf.

It transpires the term “bumf” dates back to Victorian times, the word shortened from its original “bumfodder”. Which was the original name for toilet tissue. Thankfully, the word hasn’t strayed far from its roots, thanks to the vast levels of bumf received prior to the UK’s recent general election, materials still used to light the log fire!

As for Kimberly-Clark share price, it looks like weakness now below 131 should drive reversal to an initial 125 dollars. If (when) broken, we suspect it shall bottom at 105 dollars and hopefully rebound.

Hey, chart goes here

France, the CAC40, is looks a bit fraught. We last covered it in August 2019, giving criteria for reversal to 4728 points. It finally triggered reversal at the end of February and  since has been pretty much as expected, if rather fast. The index has now closed 3 sessions solidly below target, so we must dwell of downward potentials for the future.

The immediate situation is fairly blunt, the index requiring above 4990 points just to regain the prior uptrend… With the strength of downward commitment, we have our doubts. Instead, it appears weakness now below 4600 should bring reversal to an initial 4533. We’d hope for a real rebound at such a level as the implication below is quite dreadful. The secondary calculation comes in at 4358 points, taking the market to a “lower low” (yes, we’re getting fed up writing this) and placing the French index at risk of continuing downhill in the longer term to a bottom of 3094 points.

Of course, given the pace of recent reversals, “the longer term” could easily mean sometime next week!

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

9:39:34PM

BRENT

36.27

               

‘cess

9:43:29PM

GOLD

1635.49

               

Shambles

9:46:29PM

FTSE

5810.02

               

Success

9:55:10PM

FRANCE

4548.8

4506

4449.5

4291

4576

4630

4646

4674

4570

‘cess

10:22:49PM

GERMANY

10287

               

10:26:15PM

US500

2763

               

10:29:29PM

DOW

23740

               

‘cess

10:32:13PM

NASDAQ

8096

7900

7797

7577

8130

8231

8281.5

8383

8072

10:34:50PM

JAPAN

19265

18919

18852.5

18440

19220

19696

19974

20322

19396

 

11/03/2020 FTSE Closed at 5876 points. Change of -1.41%. Total value traded through LSE was: £ 9,307,244,216 a change of -11.98%

10/03/2020 FTSE Closed at 5960 points. Change of -0.08%. Total value traded through LSE was: £ 10,574,130,773 a change of -8.51%

9/03/2020 FTSE Closed at 5965 points. Change of -7.55%. Total value traded through LSE was: £ 11,557,885,051 a change of 24.01%

6/03/2020 FTSE Closed at 6452 points. Change of -3.77%. Total value traded through LSE was: £ 9,320,342,676 a change of 15.12%

5/03/2020 FTSE Closed at 6705 points. Change of -1.61%. Total value traded through LSE was: £ 8,096,440,019 a change of 2.53%

4/03/2020 FTSE Closed at 6815 points. Change of 1.44%. Total value traded through LSE was: £ 7,896,662,173 a change of -10.1%

3/03/2020 FTSE Closed at 6718 points. Change of 0.96%. Total value traded through LSE was: £ 8,783,341,942 a change of -20.21%

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