#Gold #SP500 Once a year in Scotland, there’s a very special evening when people gather in pubs, clubs, hotels, to toast the memory of Robert Burns. The poet was probably best known for his world famous hit single, ‘Old Lang Syne’, along with some truly miserable dirges which somehow become praiseworthy on Burns Night. They certainly justify the quantity of whisky usually consumed.
This year, everything inevitably changed.
Instead, our invitations were to attend ‘Virtual Burns Nights’, essentially a bunch of folk getting drunk and eating haggis while sitting at their computers, peering myopically at a camera. Leaving aside the haggis, this state of affairs doubtless defines most people on Twitter & Facebook after 10pm any night, without the inconvenience of brushing up on the writings of the famous man.
Wetherspoon share price is showing early signs of enthusiasm for a future when Lockdown ends and we can once again gather on dark winter nights to infect each other with cold & flu in pubs. Socialising properly is something, personally, I didn’t know I missed. But events of 2020 ensured we only risked visiting our local bar/restaurant twice and now, we opt to show support by purchasing takeaway food from the place, hoping they weather the financial mess the business must be in. When the current Lockdown ends and vaccinations are in place, it’s easy to suspect we personally shall tend make up for lost time. making a point of dropping in for Lunch/Dinner rather more often than used to be the case.
It’s easy to speculate Wetherspoon shall also experience a dizzy pace of recovery nationally, when (or if) normality ever rears its ugly head again. We’ve decided to emplace a recovery trigger at 1,280p as share price movement above such a level should prove capable of swift acceleration to an initial 1,533p. If exceeded, our longer term secondary is truly surprising, calculating at 1,901p and a new all time high. Despite the price looking fairly calm at 1,180 presently, the share really does not require much work to get things moving.
If things intend go horribly wrong, the share price needs drip below Red on the chart, presently 900p, to justify concern. Such a calamity allows weakness next to an initial 734p with secondary, if broken, at 405p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:29:32PM | BRENT | 55.74 | |||||||||
| 9:31:05PM | GOLD | 1855.7 | 1847 | 1840 | 1831 | 1861 | 1862 | 1871.5 | 1883 | 1847 | |
| 9:33:18PM | FTSE | 6678.62 | ‘cess | ||||||||
| 9:35:50PM | FRANCE | 5501.7 | Success | ||||||||
| 9:45:15PM | GERMANY | 13727 | Success | ||||||||
| 9:47:13PM | US500 | 3854.74 | 3821 | 3812 | 3796 | 3839 | 3860 | 3876 | 3903 | 3821 | Success |
| 9:49:42PM | DOW | 30965 | Success | ||||||||
| 9:52:15PM | NASDAQ | 13470 | ‘cess | ||||||||
| 9:54:06PM | JAPAN | 28814 | ‘cess |