#Gold #Dow When we ran our analysis (link) on Pfizer 3 weeks ago, we were optimistic but didn’t appreciate we were reviewing a company capable of provoking a Viagra moment (one of their other products!) on the worlds stock markets. Oddly, the companies own share price exhibited less recovery enthusiasm than airlines, banks, and the oilers. In addition, a few facets of price movements amongst listing on the Nasdaq concern us a little.
We were told, at the onset of the pandemic, life has changed and possibly forever. In the months since, changes in shopping habits, work practice, and of course travel, tended to shape which sectors of the market would flourish, along with those who faced a hammering. In the hours since the Pfizer announcement (curiously delayed until after the US election) we notice companies like UPS, Fedex, Zoom, online payment company PayPal, JD.com, even eBay, are suffering share price reversals. It begs the question, will people revert to “proper” shopping if the world returns to normal?
Our suspicion is the switch to new shopping habits is here to stay, the convenience of online buying doubtless welcomed by many who were forced into it. Aside, of course, from the issue of getting rid of cardboard boxes! Cardboard is brilliant when building a bonfire to dispose of autumn leaves.
We wonder if the lack of flamboyance with Pfizer shall be reflected in some wider market turbulence in the weeks ahead, as doubt establishes whether various national drug approval bodies will deem Pfizers product “safe” for distribution. If this is the case, will the company share price be equally turbulent?
For the immediate future, we’re fairly happy where Pfizer closed the session on 9th November. BY just 0.1 dollars, it achieved a higher high in the period since March’s Covid-19 drop. As a result, ongoing traffic above $40 looks capable of reaching an initial $45 with secondary, if bettered, at a longer term (or later that day) $53US.
Visually, closure above the $45 mark looks critical for the longer term, capable of landing the share price in a zone with a distant sounding potential at $65. If it all intends go wrong, below the 30 dollar mark shall provide sufficient excuse for panic.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:25:18PM | BRENT | 42.2 | Success | ||||||||
| 10:27:35PM | GOLD | 1862.92 | 1850 | 1837 | 1821 | 1870 | 1870 | 1877 | 1886 | 1854 | ‘cess |
| 10:31:18PM | FTSE | 6161.9 | Success | ||||||||
| 10:33:46PM | FRANCE | 5277 | Success | ||||||||
| 10:38:07PM | GERMANY | 13006 | Success | ||||||||
| 10:45:45PM | US500 | 3553.62 | Success | ||||||||
| 10:49:25PM | DOW | 29200 | 29082 | 28946.5 | 28560 | 29480 | 29905 | 30004 | 30307 | 29660 | Success |
| 10:51:59PM | NASDAQ | 11873 | Shambles | ||||||||
| 10:54:16PM | JAPAN | 25362 | Success |