#Gold #SP500 The recent set of financials from online fashionist, #Boohoo, tended confirm something everyone really knew. The vast majority of people don’t care about the working conditions of those who produce the end product. When it comes time to pay, the primary interest will always be cost, despite the working conditions associated with employees of Boohoo, Apple, Amazon or whoever.
Economically, it makes a sad type of sense. Quality manufacturing jobs moving to the cheapest source, along with the loss of quality pay. Suddenly the buying public find themselves only able to get minimum paid jobs, thus only able to afford cheaper products. The whole shebang becomes a “circle of life” thing and now, we note the Pope even has become involved, perceiving a lack of trickle down benefits to the wider population from corporate emphasis. While this is doubtless poor economic theory, there’s little doubt most folk don’t care about other peoples working conditions, as long as they don’t experience it themselves!
Boohoo, in experiencing a 51% jump in profit in the most recent six months, has seen their share price fail to do anything flamboyant. We suspect the word “yet” shall prove important as the share price is certainly showing some reasonable potentials. Visually, there’s a trigger level at the 400p level and we suspect movements above this point (presently trading around 360p) shall prove interesting as we’re able to calculate an initial ambition at 454p.
Such a movement is liable to prove key for the longer term, representing a new all time high and perhaps reflecting their balance sheet.
With future closure above 454p, things become clearer as we’re looking for 531p as a longer term secondary. The Big Picture against this share gives 626p as our maximum calculation for the share price. As a result, should Boohoo ever manage trade above this level, we shall need revisit and recalculate due to everything changing for its future potentials.
To justify a look at the price of their running shoes, Boohoo would now need trade below 270p as this would provide reasonable early warning of everything going wrong!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:22:59PM | BRENT | 41.56 | |||||||||
| 10:27:02PM | GOLD | 1913.7 | 1896 | 1886 | 1874 | 1905 | 1920 | 1925 | 1938 | 1901 | |
| 10:34:22PM | FTSE | 5956.55 | Success | ||||||||
| 10:36:12PM | FRANCE | 4890 | ‘cess | ||||||||
| 10:38:25PM | GERMANY | 12878 | ‘cess | ||||||||
| 10:40:44PM | US500 | 3402.87 | 3355 | 3345 | 3323 | 3378 | 3412 | 3428.25 | 3445 | 3367 | ‘cess |
| 10:43:32PM | DOW | 28142 | ‘cess | ||||||||
| 10:45:31PM | NASDAQ | 11490 | |||||||||
| 10:49:19PM | JAPAN | 23403 | ‘cess |
