#SP500 #Japan With results due after the close on Wednesday, #eBay appears worth a glance. The share price has already exceeded Februarys high, the point at which it all went wrong, and now is poised for further growth. This obviously prompts us to write about potatoes!
Trusted to complete an “On-Line” shopping exercise, potatoes were ordered because Chips come from potatoes. It transpires they come from a bag of frozen “Over Chips” and, aside from occasional roast potatoes, we never actually eat the things. It was interesting, ‘cos greater attention to detail was taken while spending time on eBay ordering various electrical and electronic items.
The frequent term, “Ships from China” could easily have read, “Feeling Lucky, Punk?” Additionally, great care was taken, ensuring suppliers were UK based and promised postal times in keeping with UK companies. It can be quite easy to be caught out on eBay, completing an order only to discover a week later the delivery schedule allows for a month, rather than just a few days. Invariably the item shall be winging its way from China, despite the supplier claiming to be based in London.
Despite now being personally ‘China-Goods-Phobic’, a lot of online shopping is taking place and it’s very possible peoples habits will complete the change which began with the slow death of the High St. Certainly for the immediate future, this is likely to promote a positive perception of the giants like Amazon and eBay with an invariable effect on their share prices. Already, Amazon is looking incredibly positive for the longer term with eBay not far behind.
We shall be interested if eBay (presently around 39 dollars) next trades above 41.8 dollars as this looks capable of pushing the share price up to an initial 44.7 dollars. If exceeded, secondary calculates at 51 dollars and a new all-time high. If chasing a Long CFD position, it’s likely a pretty tight stop around the 39 dollar mark shall suffice.
For it all to go horribly wrong for eBay, the share needs reverse below Red on the chart, currently at 30 dollars. Visually, this is unlikely.
To return, briefly, to the important subject of potatoes, the bag lurked for 6 weeks in the pantry. Worse, the contents started to show some shoots of growth. We’re going to need to learn to like potatoes as they were planted today, hopefully, to be harvested around September! It also transpires planting a potato crop is hard physical work and cannot be recommended.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:28:23PM | BRENT | 22.72 | |||||||||
| 9:31:23PM | GOLD | 1708.97 | Success | ||||||||
| 9:34:12PM | FTSE | 5934 | Success | ||||||||
| 9:36:01PM | FRANCE | 4541 | Success | ||||||||
| 9:55:49PM | GERMANY | 10744 | Success | ||||||||
| 9:57:26PM | US500 | 2870.52 | 2857 | 2829.5 | 2799 | 2889 | 2921 | 2933.25 | 2963 | 2879 | ‘cess |
| 9:59:10PM | DOW | 24124 | Success | ||||||||
| 10:07:46PM | NASDAQ | 8712.74 | Success | ||||||||
| 10:10:01PM | JAPAN | 19934 | 19608 | 19585.5 | 19401 | 19758 | 20139 | 20289.5 | 20782 | 19916 | Shambles |