#FTSE #DOW The whole Brexit & Lockdown thing has certainly brought reason for nerves but, with a massive lobster proving an unexpected guest at the dinner table tonight, it began to appear every cloud indeed has a silver lining. Local shellfish boats, previously used to exporting their catch, have adopted a business model of selling it locally. To their surprise, they’re working fewer hours and apparently making more money.
As someone, extremely allergic to shellfish, it was awesome watching my other half murder a pretty energetic crustacean, an animal I’d suspected was about to become another unwanted family pet. This thought was misplaced, her love of lobster overcoming her love of wildlife. The thing, amazingly, produced sufficient meat to ensure the cats and dogs buried the hatchet as they prowled around the floor demanding scraps from the dinner table. Meanwhile, I enjoyed my lamb chops!
The interesting thing with the foregoing was how we’re seeing business’ adapt to a completely changing situation. The two girls who run the fishing boat typically would head out by 6am, their modern blue boat loaded with creels and traps. Often, we’d not see them return until early evening in their exhaustive quest to have a catch ready for the refrigerated truck which ultimately headed to Spain. Now they’ve discovered a local market (one which was always present) for scallops, crab, langoustine, and lobster, they’ve also discovered a family life is possible.
The point behind this tale is fairly straightforward, it can be worthwhile embracing change, something we feel certain many city centre commercial landlords, pubs, coffee and sandwich bars, are going to need face in the months and years ahead.
However, the markets opted for a “the sky is falling” stance on Thursday as the day progressed, one which looks capable of carrying forward into Friday. Perhaps Wall St is sending a contradictory signal but we suspect, if this is the case, things shall only improve for Europe once the USA awakens.
Near term, we shall have concerns should the FTSE manage to trade below 5830 as it risks starting a cycle toward 5713 points. If broken, our secondary calculates at 5605 points and hopefully a rebound, thanks to the risk of further reductions in 100 point increments!
The converse argument is less confident, needing the UK index to trade above 5872 points to give some hope of recovery, allowing movement to an initial 5900 points with secondary, if exceeded, a rather less confident looking 5955 points.
Just to make things more fun, it’s also the first Friday of the new month, US Payrolls day and thus, capable of lunatic swings around 1.30pm. As the aforementioned lobster commented, before its swimming lesson in boiling water, we live in interesting times.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:26:06PM | BRENT | 44.18 | 43.24 | 42.76 | 44.23 | 44.55 | 44.905 | 43.63 | ‘cess | ||
| 10:28:12PM | GOLD | 1931.01 | 1921 | 1913 | 1937 | 1946 | 1952 | 1927 | ‘cess | ||
| 10:31:40PM | FTSE | 5819.81 | 5793 | 5763 | 5843 | 5860 | 5913 | 5814 | Success | ||
| 10:45:02PM | FRANCE | 4975.7 | 4969 | 4946 | 5000 | 5007 | 5015.5 | 4969 | Success | ||
| 10:49:56PM | GERMANY | 13002 | 12932 | 12814 | 13046 | 13072 | 13179 | 12976 | Success | ||
| 10:52:55PM | US500 | 3457.62 | 3425 | 3383 | 3470 | 3494 | 3519 | 3440 | Success | ||
| 10:56:37PM | DOW | 28307 | 28070 | 27855.5 | 28330 | 28508 | 28574 | 28291 | Shambles | ||
| 11:00:39PM | NASDAQ | 11756 | 11718 | 11665 | 11850 | 11915 | 12028.5 | 11755 | Success | ||
| 11:04:14PM | JAPAN | 23034 | 22958 | 22922 | 23106 | 23155 | 23294 | 23024 | Shambles |
3/09/2020 FTSE Closed at 5850 points. Change of -1.52%. Total value traded through LSE was: £ 4,250,184,579 a change of -2.94%
2/09/2020 FTSE Closed at 5940 points. Change of 1.33%. Total value traded through LSE was: £ 4,378,771,754 a change of -24.99%
1/09/2020 FTSE Closed at 5862 points. Change of -1.69%. Total value traded through LSE was: £ 5,837,308,187 a change of 19.78%
28/08/2020 FTSE Closed at 5963 points. Change of -0.6%. Total value traded through LSE was: £ 4,873,414,475 a change of 40.53%
27/08/2020 FTSE Closed at 5999 points. Change of -0.73%. Total value traded through LSE was: £ 3,467,869,882 a change of -4.16%
26/08/2020 FTSE Closed at 6043 points. Change of 0.1%. Total value traded through LSE was: £ 3,618,462,432 a change of 3.2%
25/08/2020 FTSE Closed at 6037 points. Change of -100%. Total value traded through LSE was: £ 3,506,401,056 a change of 0%
Section One – Outlook Updated Today.
: LSE:AGM Applied Graphene** **LSE:AVCT Avacta** **LSE:HIK Hikma** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:ITRK Intertek** **LSE:PMO Premier** **