FTSE for FRIDAY & Pfizer again 13/11/2020

#FTSE #Gold Every time it feels like the Covid-19 days are easing, something new comes along and bites hard. Today, a routine visit to the hospital went pretty badly wrong, thanks to a bad head cold. As someone already with a compromised immune system, considerable effort has been made this year to remain “clean” but at the hospital reception desk, everyone became quite animated when I admitted I’d coughed a few times.

Suddenly in an isolation room, a nurse attached plumbing pipework to my arm to take bloods. This device, known as a cannula, always provokes a sinking feeling as it’s clear more than one tube of blood is intended in the hours ahead. In fact, it’s always a surprise old Vampire movies didn’t feature this gadget as it provides easy, on demand, blood. The hospital staff didn’t mess around with the potential risk presented, refusing to relax until results came back from the lab, my chest stethoscoped, and a chest X-ray just for good measure. My explanation of the current chemotherapy regime tending to exaggerate everything was certainly heeded but ignored, the nurses preferring a sensible ‘better safe than sorry’ approach.

 

Unsurprisingly, this is all rather pertinent to the FTSE! Nerves remain present in the world.

The first 9 sessions of this month proved remarkably positive with only Thursday 12th showing some (very slight) hesitation. But it’s easy to fear things suddenly going horribly wrong, should the pandemic come around to bite again. An worrying feature remains Pfizer share price, starting this week with some extremely strong movements. Unfortunately, aside from the opening movement on Monday, the share price has declined daily, now looking like it intends to bottom at 35 dollars. Somehow or other, we’d hoped a company capable of issuing “We’ve Saved The World” news would perform with greater aplomb than displayed?

Hey, chart goes here

FTSE for FRIDAY. We’re inclined to take this lack of lustre as a warning, perhaps the FTSE itself risks losing some of its recent shine. But before we dive into a bucket of misery, there’s an important detail worthy of consideration. The FTSE requires to slip below 5890 points to justify “headless chicken” mode. At present, nothing calculates with this risk.

Near term, we shall be mildly concerned if the UK market meanders below 6261 points as this calculates with a reversal potential of 6216 points initially. If broken, our secondary ‘longer term’ number works out at 6071 points and hopefully a bounce. Unfortunately, if this scenario triggers, the tightest stop level is quite absurd at 6350 points.

More likely, if feels like movement anytime soon above 6404 points should provoke FTSE growth toward 6506 points initially with secondary, if exceeded, calculating at 6560 points. Visually we’d anticipate some hesitation around the 6500 level.

Have a good weekend and remember, you can cover a discrete cough with a really loud fart. How the tables have turned on society…

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:09:09PM BRENT 43.47 43.37 42.9 44.44 44.67 45.9775 43.4
10:11:12PM GOLD 1877.33 1855 1839 1873 1886 1898.5 1873
10:13:54PM FTSE 6290 6269 6252.5 6303 6370 6398 6306
10:16:24PM FRANCE 5328 5313 5274 5345 5384 5398 5347 Success
10:18:36PM GERMANY 12991 12934 12901 13021 13048 13066.5 13017 Success
10:22:40PM US500 3542 3534 3512 3551 3572 3595.5 3543 Success
10:25:32PM DOW 29143 28893 28834.5 29220 29336 29527 29091 Success
10:30:11PM NASDAQ 11865 11774 11592.5 11984 11984 12042 11821 ‘cess
10:32:11PM JAPAN 25317 25207 25127.5 25344 25531 25609.5 25360

 

 

12/11/2020 FTSE Closed at 6338 points. Change of -0.69%. Total value traded through LSE was: £ 6,228,749,824 a change of -14.5%
11/11/2020 FTSE Closed at 6382 points. Change of 1.37%. Total value traded through LSE was: £ 7,285,360,300 a change of -18.94%
10/11/2020 FTSE Closed at 6296 points. Change of 1.78%. Total value traded through LSE was: £ 8,987,595,429 a change of -12.81%
9/11/2020 FTSE Closed at 6186 points. Change of 4.67%. Total value traded through LSE was: £ 10,308,149,323 a change of 68%
6/11/2020 FTSE Closed at 5910 points. Change of 0.07%. Total value traded through LSE was: £ 6,135,966,574 a change of 1.03%
5/11/2020 FTSE Closed at 5906 points. Change of 0.39%. Total value traded through LSE was: £ 6,073,393,491 a change of 24.88%
4/11/2020 FTSE Closed at 5883 points. Change of 1.68%. Total value traded through LSE was: £ 4,863,439,336 a change of 7.3%

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