#Gold #SP500 “You wouldn’t believe the dream I had last night?” This comment started the day, something doubtless experienced throughout lockdown kingdom as we try and find something new to talk about. My wife rushed into the telling her dream before it vanished, giving an incredibly detailed, complex, and altogether unlikely story of visiting her Mum in the Care Home.
Married life has taught a few things are pretty sacrosanct and interrupting the retelling of a dream is about as wise as questioning the latest diet plan results. On this particular occasion, I’d had no worries of forgetting a very lucid dream. When she finished her fabulous and heart-warming tale, she asked;
“Well, what’s the dream you had?” already knowing she’d completely out-trumped anything I could relate.
“I dreamt you had found the right size of bread for the toaster.” (Gluten Free pretend bread is about the size of two Post-It notes.)
Retelling this story is somewhat better than relating a couple of dreams of utter frustration, sadly featuring share prices which refused to go up regardless of numerous positive reasons. Thankfully this no longer seems the case as there appear plenty of reasons to believe the market is currently “coming back”. One such share is Marston’s PLC with recent price movements giving a pretty solid push-back against all the doom and gloom fears, certainly in the Scottish Highlands. To be blunt, unpleasant numbers of landlords are suggesting they do not intend re-open once lockdown ends. On the other hand, Marston’s, who describe themselves as the UK’s leading independent brewing and pub retail business, appear to have a share price ready to celebrate the end of lockdown.
Our normal rules had defined 68p as a pretty major point of interest and suggested if the share actually closed above such a level, there was a reasonable chance the recent Covid-19 drop to 18p was “bottom” and some true recovery can be hoped. This being the case, the immediate situation hints at movement now above 83p attempting an initial 90p with secondary, if exceeded, a more useful 113p.
We’re fairly interested in the potential of 113p for several reasons, suspecting this level shall prove capable of some pushback. Firstly, it suggests an attempt at the long term downtrend (Blue) can be expected later this year. Secondly, it’s slightly above a Glass Ceiling level shown in a Red circle on the chart. To cut a long and boring story short, only closure above 113p is liable to prove a really big deal for the long term as a growth cycle to 196p calculates as very possible.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:11:16PM | BRENT | 40.95 | |||||||||
| 10:17:30PM | GOLD | 1698.91 | 1686 | 1683 | 1677 | 1696 | 1700 | 1712 | 1726 | 1689 | |
| 10:19:44PM | FTSE | 6506.22 | |||||||||
| 10:21:12PM | FRANCE | 5229.2 | |||||||||
| 10:25:06PM | GERMANY | 12916 | ‘cess | ||||||||
| 10:27:19PM | US500 | 3229.77 | 3184 | 3175.5 | 3156 | 3200 | 3233 | 3244 | 3331 | 3185 | |
| 10:29:51PM | DOW | 27549 | |||||||||
| 10:32:38PM | NASDAQ | 9887.87 | ‘cess | ||||||||
| 10:35:28PM | JAPAN | 23207 |
8/06/2020 FTSE Closed at 6472 points. Change of -0.19%. Total value traded through LSE was: £ 7,960,814,062 a change of 13.86%
5/06/2020 FTSE Closed at 6484 points. Change of 2.26%. Total value traded through LSE was: £ 6,991,891,155 a change of 13.09%
4/06/2020 FTSE Closed at 6341 points. Change of -0.64%. Total value traded through LSE was: £ 6,182,855,691 a change of -6.26%
3/06/2020 FTSE Closed at 6382 points. Change of 2.6%. Total value traded through LSE was: £ 6,595,529,231 a change of 1.59%
2/06/2020 FTSE Closed at 6220 points. Change of 0.88%. Total value traded through LSE was: £ 6,492,491,444 a change of 37.82%
1/06/2020 FTSE Closed at 6166 points. Change of 1.48%. Total value traded through LSE was: £ 4,710,780,672 a change of -60.33%
29/05/2020 FTSE Closed at 6076 points. Change of -2.28%. Total value traded through LSE was: £ 11,874,374,361 a change of 71.67% 