#FTSE #Nasdaq Almost as a fun thing, we’ve been keeping a weather eye on the fabled Trump 30 Index. This invention took a basket of large US listed shares expected to flourish if Mr Trump retained the presidency. The theory was, those favouring a Trump win could effectively trade 30 US equities by taking a short or long position.
Something quite odd has occurred this week.
The basket of Trump 30 Equities started to flourish, despite the US media “calling” the election for Mr Biden. (Surely we are not the only folk aghast at the winner of a US election traditionally being “called” by the Press Association, rather than a proper electoral body.) The sudden spring like behaviour of the Trump 30 certainly gives pause for thought, making us wonder if recounts and legal challenges shall turn last weeks apparent result on its head.
We considered the equally strange Biden 30 Index, discovering Mr Bidens basket of 30 shares appears to have topped, looking capable of some immediate reversals. America is strange…
At present, the Trump 30 is trading around 936, only needing above 947 to suggest coming growth to 970 and a new high since the concept started last July. And should 970 be exceeded, our secondary calculates up at 1,000 points, presumably meaning Mr Trump is expected to be the bloke on the balcony come inauguration next January. For those already involved in this form of trading, it already looks to be the case 1,000 points is the market intention, needing below 853 points to cancel the concept.
Common sense would suggest the Trump 30 is only blooming, due to the Covid-19 vaccine story but unfortunately, the chart shows the index started to break clear of the downtrend on Friday – this before the Covid-19/Pfizer headlines appeared. Perhaps we’re being whimsical, unable to understand the American way of doing things. Neither candidate inspired anything greater than an urgent need to change the channel on TV.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:27:49PM | BRENT | 43.73 | |||||||||
| 9:57:52PM | GOLD | 1877 | Success | ||||||||
| 10:04:07PM | FTSE | 6285.16 | |||||||||
| 10:15:28PM | FRANCE | 5421 | 5312 | 5270.5 | 5214 | 5374 | 5437 | 5444 | 5500 | 5403 | Success |
| 10:21:58PM | GERMANY | 13176 | |||||||||
| 10:23:33PM | US500 | 3549.87 | ‘cess | ||||||||
| 10:25:39PM | DOW | 29442.8 | |||||||||
| 10:30:54PM | NASDAQ | 11633 | 11513 | 11479 | 11163 | 11756 | 11902 | 12038 | 12213 | 11700 | ‘cess |
| 10:33:12PM | JAPAN | 25304 | Success |