Bitcoin 17/02/2020

#Brent #Dax Currently, Bitcoin is cheerfully ignoring conventional trends, instead paying scrupulous attention to a “horizontal trend”. As mentioned previously, the phenomena of ‘The Glass Ceiling’ has been scrupulously adhered to since September last year. This confirmation of a trend is usually a pretty safe signal for future movement and in the case of Bitcoin, it’s at 10,580 dollars.

Visually, movements above 10,580 look capable of providing gains against Bitcoin to an initial 11,744 with secondary, if beaten, calculating at 12,720. Importantly, if Bitcoin opts to adhere is its usual movement ‘rules’, some hesitation can be anticipated at each target level, should the scenario trigger!

Of course, there’s absolutely no certainty we should anticipate future growth. Instead, the converse looks pretty possible.

Weakness continuing below 9,610 suggests downward travel to an initial 8,916 dollars. If broken, secondary works out at 7,665 and we’d hope for a rebound at such a level. The implications, with any breach of 7,665, are grim. The existence of a 3rd level drop target of 6,079 takes the price into the land of ‘lower lows’ with a logical long term bottom at 3,145 dollars.

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

9:43:20PM

BRENT

57.29

56.12

55.68

55.09

56.83

57.35

57.5275

57.83

56.7

‘cess

9:44:45PM

GOLD

1584.23

               

‘cess

9:46:40PM

FTSE

7416.6

               

‘cess

9:48:39PM

FRANCE

6073.2

               

9:50:19PM

GERMANY

13764

13706

13691.5

13659

13758

13789

13821.5

13860

13727

9:51:51PM

US500

3382.22

               

‘cess

9:53:54PM

DOW

29416.5

               

9:55:18PM

NASDAQ

9626.67

               

9:57:59PM

JAPAN

23537

               

‘cess

 

14/02/2020 FTSE Closed at 7409 points. Change of -0.58%. Total value traded through LSE was: £ 5,485,879,910 a change of -17.68%

13/02/2020 FTSE Closed at 7452 points. Change of -1.09%. Total value traded through LSE was: £ 6,664,066,181 a change of 30.17%

12/02/2020 FTSE Closed at 7534 points. Change of 0.47%. Total value traded through LSE was: £ 5,119,461,685 a change of -10.2%

11/02/2020 FTSE Closed at 7499 points. Change of 0.71%. Total value traded through LSE was: £ 5,701,269,309 a change of 0.17%

10/02/2020 FTSE Closed at 7446 points. Change of -0.27%. Total value traded through LSE was: £ 5,691,847,581 a change of -12.91%

7/02/2020 FTSE Closed at 7466 points. Change of -0.51%. Total value traded through LSE was: £ 6,535,596,145 a change of 5.4%

6/02/2020 FTSE Closed at 7504 points. Change of 0.29%. Total value traded through LSE was: £ 6,200,545,970 a change of -22.21%

Friday FTSE & Centrica

#FTSE #DOW Centrica must be tempting a bunch of folk hoping to jump in, viewing the price as a “bargain”. We have doubts, hoping it shall bounce around the 60p mark but worried, ‘cos if broken, the big picture suggests “bottom” may reside around 40p. Needs a miracle above the 90p level to foul up these prospects!

As for the FTSE for Friday, we’re more than a little concerned about the drop experienced on Thursday. When we issued our 10am report to clients, we’d speculated on the market achieving a bottom at 7407 points. Somehow or other, the FTSE contrived to reach 7406.9 around 11:30am, showing half hearted bounces in the period since. Despite a bunch of day traders doubtless viewing the chart, gleefully assuming “double bottom” and expecting Friday to show gains, we’re not entirely convinced. There’s something a bit funny going on with international futures – mainland Europe and the US behaving as if Friday should experience recovery, the FTSE rather less so.

Weakness now below 7406 points calculates with an initial drop target at 7368 points. If (when) broken, our secondary comes along at  7310 points and we’d hope for a real bounce at such a level. If triggered, tightest stop is at 7442 points.

In the event the market (the FTSE during trading hours) manages above 7442, our initial ambition is for movement to 7470 points. If bettered, secondary calculates up at 7503 points.

This week has been difficult and we suspect health fears have knocked the FTSE off its track to head to 7690 points

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

10:11:28PM

BRENT

56.48

55

54.505

 

55.81

56.8

57.1875

 

55.8

‘cess

10:13:24PM

GOLD

1576.78

1564

1559.5

 

1573

1579

1580.5

 

1571

Success

10:15:26PM

FTSE

7453.67

7402

7393.5

 

7452

7473

7483

 

7415

Success

10:17:25PM

FRANCE

6084.7

6025

5999

 

6063

6099

6116

 

6049

‘cess

10:19:27PM

GERMANY

13743.16

13667

13649

 

13732

13762

13789.5

 

13708

‘cess

10:21:48PM

US500

3380.07

3354

3344.5

 

3373

3381

3385.355

 

3363

‘cess

10:24:03PM

DOW

29465

29308

29234

 

29400

29528

29589.5

 

29411

Success

10:26:15PM

NASDAQ

9617.27

9514

9478.5

 

9590

9637

9665

 

9585

‘cess

10:28:24PM

JAPAN

23727

23564

23507.5

 

23679

23782

23823

 

23687

Success

 

13/02/2020 FTSE Closed at 7452 points. Change of -1.09%. Total value traded through LSE was: £ 6,664,066,181 a change of 30.17%

12/02/2020 FTSE Closed at 7534 points. Change of 0.47%. Total value traded through LSE was: £ 5,119,461,685 a change of -10.2%

11/02/2020 FTSE Closed at 7499 points. Change of 0.71%. Total value traded through LSE was: £ 5,701,269,309 a change of 0.17%

10/02/2020 FTSE Closed at 7446 points. Change of -0.27%. Total value traded through LSE was: £ 5,691,847,581 a change of -12.91%

7/02/2020 FTSE Closed at 7466 points. Change of -0.51%. Total value traded through LSE was: £ 6,535,596,145 a change of 5.4%

6/02/2020 FTSE Closed at 7504 points. Change of 0.29%. Total value traded through LSE was: £ 6,200,545,970 a change of -22.21%

5/02/2020 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 7,970,542,064 a change of 19.14%

 

GOLD for 13/02/2020

#France #Germany Our first analysis this year (link) covered #Gold, proposing movement to 1,602 dollars. At the time of writing, the metal was trading at 1,552, thus the proposal fairly significant. Literally within the week, the metal successfully oozed upward, hitting and slightly exceeding our target level. Crucially, the price did not actually close a session anywhere near our 1,602, therefore opening the doors of suspicion for the immediate future.

One good thing which came out of the movement to 1,602 was fairly basic and simple. It proved we’ve been watching the correct trend, suggesting mapping the price against the Blue trend line (dates back to 2011) has been the correct approach. But in light of a barrage of reports from China, we’re more than a little surprised the price of the metal has not shot upward, thanks to Gold (once) being regarded as a natural safe haven.

Hopefully it’s the case the current media game of CoronaVirus Bingo, trying to produce headlines with how many people “could” die, is being ignored by a world, already punch drunk from ongoing headlines produced by journalists who read something some bloke wrote on Twitter! Today, the Metro in London managed 45 million as their contribution to a climate of fear.

The immediate scenario with Gold is somewhat surprising. Weakness now below 1,555 (Red) threatens reversal to an initial 1,530 dollars. If broken, our secondary calculation is at 1,500, along with a fair chance of a bounce. The surprise against these numbers? It will return the price of the metal below the long term downtrend!

Alternately, if the metal now finds itself trading above just 1,600, strength to 1,645 now looks possible with secondary, if bettered, coming in at 1,685 dollars.

We’re pretty hesitant, suspecting the price shall go up, surprised it has not already done so. Our in-house mantra remains, “if it ain’t goin’ up, it’s goin’ down,” with the result the near term Red uptrend is probably worth keeping an eye on.

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

10:14:24PM

BRENT

56.31

               

Success

10:16:56PM

GOLD

1566.49

               

10:18:44PM

FTSE

7545.03

               

‘cess

10:27:40PM

FRANCE

6114

6059

6042.5

6018

6085

6117

6123.5

6175

6067

Success

10:30:27PM

GERMANY

13784

13639

13585

13518

13728

13786

13802

13866

13693

Success

10:32:03PM

US500

3380.52

               

‘cess

10:34:22PM

DOW

29541.1

               

‘cess

10:42:01PM

NASDAQ

9611.12

               

10:43:37PM

JAPAN

23969

               

Shambles

 

 

12/02/2020 FTSE Closed at 7534 points. Change of 0.47%. Total value traded through LSE was: £ 5,119,461,685 a change of -10.2%

11/02/2020 FTSE Closed at 7499 points. Change of 0.71%. Total value traded through LSE was: £ 5,701,269,309 a change of 0.17%

10/02/2020 FTSE Closed at 7446 points. Change of -0.27%. Total value traded through LSE was: £ 5,691,847,581 a change of -12.91%

7/02/2020 FTSE Closed at 7466 points. Change of -0.51%. Total value traded through LSE was: £ 6,535,596,145 a change of 5.4%

6/02/2020 FTSE Closed at 7504 points. Change of 0.29%. Total value traded through LSE was: £ 6,200,545,970 a change of -22.21%

5/02/2020 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 7,970,542,064 a change of 19.14%

4/02/2020 FTSE Closed at 7439 points. Change of 1.54%. Total value traded through LSE was: £ 6,690,102,462 a change of 18.21%

Eurasia Mining Plc for 12/02/2020

#FTSE #NASDAQ Our 31st October review of Eurasia (link) proved accurate. It also confirmed our grasp of time is tenuous at best, the share taking until the start of February to trigger a rise. And now, having achieved our 7.25p target, the share has been suspended from trading, leaving us wondering about our level of prescience.

It truly is a puzzle, the market only choosing to display the share price as CLOSING above 7.25p on the very day it was suspended, for some reason choosing 7.3p as the “closing price” on a day when the ordinary mortal couldn’t actually trade. Needless to say, a bunch of orders were shown as executed, the final “trade” of the day showing as 7.25p anyway! Quite why these trades took place is a bit of a raised eyebrow, 1/2 million at 8:05am through to one million showing at 4:07pm. According to our reports, all trades show a “buy” indicator.

We’re a little confused at this.

We find ourselves in a strange situation, releasing commentary against a share which isn’t trading. It’s a share which successfully hit and exceeded our secondary target during the last four sessions and now, it’s a share showing as closing at 7.3p, above our secondary.

Therefore it must be regarded as primed for future rises? (by just 0.05p, not particularly convincing)

Presumably it’s hoped the suspension shall be short lived, creating a situation where movement now above 7.9p (the prior highest intraday trading price) looks perfectly capable of a lift to 9p next. If exceeded, we can now calculate secondary at a more encouraging 11.75p eventually. In line with our grasp of timeframes, the secondary target could be longer term or perhaps the day after suspension is lifted. The Big Picture gives 19.75p as a major target for the future, one which requires the price to shrink below 4p to utterly cancel.

This brings us to the glaringly obvious. The stock market, always a kind and generous place, will doubtless be perfectly capable of throwing some reversals at the price following trade recommencing. So long as any market games do not drag the price below Blue (the long term downtrend), we shall be fairly relaxed but obviously, should it be taken below the critical line, we’ll need revisit the numbers in a panic.

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

10:43:57PM

BRENT

54.34

               

10:45:35PM

GOLD

1568.68

               

‘cess

10:54:20PM

FTSE

7505.53

7484

7468

7448

7522

7528

7543

7592

7480

Success

10:55:42PM

FRANCE

6051.5

               

‘cess

10:57:33PM

GERMANY

13636

               

Success

10:58:59PM

US500

3360.62

               

‘cess

11:00:58PM

DOW

29309

               

Success

11:02:22PM

NASDAQ

9529.49

9490

9457

9409

9550

9601

9627

9672

9531

‘cess

11:05:17PM

JAPAN

23913

               

Success

11/02/2020 FTSE Closed at 7499 points. Change of 0.71%. Total value traded through LSE was: £ 5,701,269,309 a change of 0.17%

10/02/2020 FTSE Closed at 7446 points. Change of -0.27%. Total value traded through LSE was: £ 5,691,847,581 a change of -12.91%

7/02/2020 FTSE Closed at 7466 points. Change of -0.51%. Total value traded through LSE was: £ 6,535,596,145 a change of 5.4%

6/02/2020 FTSE Closed at 7504 points. Change of 0.29%. Total value traded through LSE was: £ 6,200,545,970 a change of -22.21%

5/02/2020 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 7,970,542,064 a change of 19.14%

4/02/2020 FTSE Closed at 7439 points. Change of 1.54%. Total value traded through LSE was: £ 6,690,102,462 a change of 18.21%

3/02/2020 FTSE Closed at 7326 points. Change of 0.55%. Total value traded through LSE was: £ 5,659,461,897 a change of -7.45%

Versarien 11/02/2020

#Gold #DAX When we last reviewed Versarien in September, we gave some fairly straightforward criteria for the end of the world. Alas, three weeks following our report, the share triggered a reversal cycle and the rest, as they say, is history. Despite the share meeting our drop target of 54p, it also broke below and thus now has some risky potentials.

With a low of 46p, we have some hope for a bounce before it hits 39p. Whether any bounce proves sustainable is open to question. If the price breaks 39p on a further surge downward, our inclination will be to hope the price bottoms at 21p. Previously, we’d felt “ultimate” bottom would prove to be 21p but unfortunately, the speed of descent has widened the calculation, now giving 13p as “ultimate”, a point which we cannot calculate below.

There’s a bit of a fly in the ointment with all this misery!

Perhaps the low of 46p shall be deemed sufficiently close to 39p to provoke a rebound. If this is indeed the case, the implication is of strength above 55p apparently being capable of an initial 62p. If exceeded, our secondary calculates at 72p, hopefully placing the share in position for some miracles in the longer term.

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

9:58:02PM

BRENT

53.47

               

Success

9:59:53PM

GOLD

1572.43

1567

1564.5

1560

1575

1578

1580

1591

1570

‘cess

10:01:33PM

FTSE

7469.37

               

‘cess

10:06:18PM

FRANCE

6031.5

               

10:17:06PM

GERMANY

13538

13426

13392

13340

13503

13550

13603

13663

13463

10:19:20PM

US500

3353.77

               

Shambles

10:22:16PM

DOW

29289.5

               

Shambles

10:24:04PM

NASDAQ

9519.62

               

10:26:25PM

JAPAN

23697

               

‘cess

 

10/02/2020 FTSE Closed at 7446 points. Change of -0.27%. Total value traded through LSE was: £ 5,691,847,581 a change of -12.91%

7/02/2020 FTSE Closed at 7466 points. Change of -0.51%. Total value traded through LSE was: £ 6,535,596,145 a change of 5.4%

6/02/2020 FTSE Closed at 7504 points. Change of 0.29%. Total value traded through LSE was: £ 6,200,545,970 a change of -22.21%

5/02/2020 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 7,970,542,064 a change of 19.14%

4/02/2020 FTSE Closed at 7439 points. Change of 1.54%. Total value traded through LSE was: £ 6,690,102,462 a change of 18.21%

3/02/2020 FTSE Closed at 7326 points. Change of 0.55%. Total value traded through LSE was: £ 5,659,461,897 a change of -7.45%

31/01/2020 FTSE Closed at 7286 points. Change of -1.29%. Total value traded through LSE was: £ 6,115,076,170 a change of 9.99%

NMC Health for 10/02/2020

#Brent #CAC40 Judging by some emails, internet chatroom gossips are suggesting an expectation of “something” happening here. We need to stress, we’ve only been asked to review the numbers against this, not to check any fundamentals or whatever. Fridays drop was certainly scary, giving considerable food for thought.

Firstly, we calculated a logical bottom against this at 696p. It closed Friday at 700p, so no immediate reason for panic, aside from the important detail the share price actually moved below 696p during the session. It did so with a spike downward at 4pm, almost like the market was snatching a “sell order” prior to movement in the other direction! There is now some fairly serious danger, should the share now trade below 678p as it enters a zone where the Big Picture calculates with an initial target of 522, followed by a logical bottom of 6.5p. Visually, this is quite absurd, made possible by the massive drop last December.

However, the share DID NOT close below 696p, so we’re hopeful some sort of bounce is coming.

Near term, any excuse to better 806p calculates with an initial ambition of 871p, a fairly sedate ambition but worthy of attention is the price manages above such a level. Our secondary calculates at 1162p but realistically, if positive news is involved, it could accelerate pretty swiftly to 1527p. This is a heck of a jump, made possible by the severity of the shares reversals.

Our suspicion is some sort of rebound is expected anytime now. Here’s hoping!

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

3:28:22PM

BRENT

54.52

54.46

54.215

53.42

55.25

55.48

55.74

56.23

54.6

3:31:18PM

GOLD

1570.8

               

‘cess

4:09:22PM

FTSE

7446.24

               

‘cess

4:11:04PM

FRANCE

6008.5

5997

5984.5

5963

6031

6044

6049

6067

6011

4:13:53PM

GERMANY

13466.55

               

Success

4:15:54PM

US500

3324.67

               

‘cess

4:19:44PM

DOW

29083.2

               

Success

4:21:40PM

NASDAQ

9392

               

4:23:59PM

JAPAN

23674

               

 

7/02/2020 FTSE Closed at 7466 points. Change of -0.51%. Total value traded through LSE was: £ 6,535,596,145 a change of 5.4%

6/02/2020 FTSE Closed at 7504 points. Change of 0.29%. Total value traded through LSE was: £ 6,200,545,970 a change of -22.21%

5/02/2020 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 7,970,542,064 a change of 19.14%

4/02/2020 FTSE Closed at 7439 points. Change of 1.54%. Total value traded through LSE was: £ 6,690,102,462 a change of 18.21%

3/02/2020 FTSE Closed at 7326 points. Change of 0.55%. Total value traded through LSE was: £ 5,659,461,897 a change of -7.45%

31/01/2020 FTSE Closed at 7286 points. Change of -1.29%. Total value traded through LSE was: £ 6,115,076,170 a change of 9.99%

30/01/2020 FTSE Closed at 7381 points. Change of -1.36%. Total value traded through LSE was: £ 5,559,853,454 a change of 15.61%

FTSE for FRIDAY 7/02/2020

#FTSE #Gold #DOW ‘The Week The World Didn’t End’ would best describe February’s first few days. Brexit day came, flags were shuffled, nothing happened, and the band played on. The FTSE appears to have noticed this, now it’s poised for some gains in the days ahead. At least, we think so.

Our favored refrain, ‘if it were a share’ is especially valid at present, recent movements presenting a pretty strong argument in favour of a cycle commencing up to almost 7,900 points.

Of course, there’s a problem thanks to movement of the last week suggesting a stutter around the 7,700 level. Visually, this presents a slight problem, matching the high of mid January, thus perfectly able to cause some hesitation. However, achieving the 7,700 plateau would also break the downtrend since May 2018, creating a situation where positive market sentiment will find growth hard to restrain.

Hopefully all politicians keep quiet, the Coronavirus drama fades out, and newspaper headline writers start to behave responsibly, especially the pair of muppets who appear on Sky’s Newspaper review program!

Near term, FTSE strength exceeding 7534 points looks capable of a rise to an initial 7588 points. If bettered, secondary calculates at 7605 points. If triggered, the tightest stop looks like 7485 points.

The other side of the coin will be movement below 7470 points, risking reversal to 7435 points initially. If broken, secondary is a bottom (hopefully) at 7407 points. If triggered, tightest stop is at 7521 points.

Our inclination is toward optimism, the prospect of a lazy weekend perhaps fuelling gullibility levels…

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

10:13:05PM

BRENT

55.21

54.64

54.215

 

55.47

56.6

57.415

 

55.53

‘cess

10:15:15PM

GOLD

1567

1554

1548.5

 

1563

1569

1571

 

1556

‘cess

10:19:24PM

FTSE

7519.91

7467

7453.5

 

7520

7536

7585.25

 

7481

10:22:10PM

FRANCE

6040

6005

5995.5

 

6043

6049

6065

 

6012

‘cess

10:24:48PM

GERMANY

13586

13527

13498.5

 

13576

13602

13630

 

13532

‘cess

10:27:30PM

US500

3350.04

3333

3321.5

 

3351

3357

3361

 

3333

Success

10:30:27PM

DOW

29399.6

29298

29234

 

29450

29450

29556

 

29300

‘cess

10:31:54PM

NASDAQ

9455.24

9353

9318

 

9428

9456

9486.5

 

9380

10:34:31PM

JAPAN

23987

23664

23548.5

 

23780

23997

24028

 

23848

Success

 

6/02/2020 FTSE Closed at 7504 points. Change of 0.29%. Total value traded through LSE was: £ 6,200,545,970 a change of -22.21%

5/02/2020 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 7,970,542,064 a change of 19.14%

4/02/2020 FTSE Closed at 7439 points. Change of 1.54%. Total value traded through LSE was: £ 6,690,102,462 a change of 18.21%

3/02/2020 FTSE Closed at 7326 points. Change of 0.55%. Total value traded through LSE was: £ 5,659,461,897 a change of -7.45%

31/01/2020 FTSE Closed at 7286 points. Change of -1.29%. Total value traded through LSE was: £ 6,115,076,170 a change of 9.99%

30/01/2020 FTSE Closed at 7381 points. Change of -1.36%. Total value traded through LSE was: £ 5,559,853,454 a change of 15.61%

29/01/2020 FTSE Closed at 7483 points. Change of 0.04%. Total value traded through LSE was: £ 4,809,159,339 a change of -5.83%