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%

Chariot Oil & Gas for 12/11/2020

#Dow #SP500 It has been a few years since we glanced at Chariot and it took an email to remind us they still exist. If we opt to judge them by their website, extremely positive views emerge thanks to their work in Brazil, Morocco, and Namibia. This flood of strong future sentiment certainly made us question why the share spent a couple of years below the 5p level!

However, all change for the future, apparently.

Chariot, presently trading around the 10p level, are showing some fairly reasonable potentials. Near term, we shall be interested if the share trades above just 12.5p. Such an insignificant motion risks triggering further recovery toward an initial 15p. In the event of it trading beyond the 15p level, we’d hope either positive news or positive market conditions shall promote further recovery toward 20p. While accomplishing a feat such as this matches the highs of 2018, it will be important to remember the price is enjoying a break above the downtrend since 2013.

This sort of Big Picture thing can often promote strong growth for the longer term, especially as closure above the 20p level illuminates an absurd sounding potential at 42p somewhere down the line. For now, we suspect the 15p level shall prove capable of some hesitation.

 

Finally, it’s a short sharp report as our recent focus on the American markets needs our brains to switch up a gear. An early sign of this came today, watching the behaviour between our two unwanted cats and our two Golden Retrievers. The penny finally dropped; dogs have evolved to become a perfect companion for man. Cats think man has evolved to become the perfect companion for a cat. (One of the cats knocked a coffee over a keyboard without a hint of guilt. Dogs on the other hand, understand crime and guilt.)

We shall return to a USA focus, if the need arises.

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
10:09:20PM BRENT 44 Success
10:14:53PM GOLD 1856
10:16:52PM FTSE 6368
10:19:11PM FRANCE 5446 ‘cess
10:20:58PM GERMANY 13248
10:22:48PM US500 3578.32 3543 3531.5 3515 3577 3581 3594 3622 3556 ‘cess
10:24:25PM DOW 29455 29262 29157.5 28985 29524 29662 29833.5 30157 29454
10:28:04PM NASDAQ 11906
10:30:12PM JAPAN 25562 Success
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%
3/11/2020 FTSE Closed at 5786 points. Change of 2.33%. Total value traded through LSE was: £ 4,532,627,706 a change of 3.31%

The Trump 30 Index for 11/11/2020

#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.

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
9:27:49PM 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
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%
3/11/2020 FTSE Closed at 5786 points. Change of 2.33%. Total value traded through LSE was: £ 4,532,627,706 a change of 3.31%
2/11/2020 FTSE Closed at 5654 points. Change of 1.38%. Total value traded through LSE was: £ 4,387,376,936 a change of -3.73%

Pfizer Inc (Nasdaq:PFE) for 10/11/2020

#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.

 

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
10:25:18PM 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
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%
3/11/2020 FTSE Closed at 5786 points. Change of 2.33%. Total value traded through LSE was: £ 4,532,627,706 a change of 3.31%
2/11/2020 FTSE Closed at 5654 points. Change of 1.38%. Total value traded through LSE was: £ 4,387,376,936 a change of -3.73%
30/10/2020 FTSE Closed at 5577 points. Change of -0.07%. Total value traded through LSE was: £ 4,557,332,693 a change of -12.99%

Barclays for 9/11/2020

#Brent #Dax A local newspaper here in Scotland put the entire US election into perspective. Their headline “Local Ayrshire Golf Club owner loses US presidential election bid” placed the US shambles in proper perspective. However, similar to property sales, we shall only be convinced of the result when we witness who’s waving from the balcony on January 20th next. In fact, to stick to a vaguely Scottish theme, even then it may not be over.

There are a few unpleasant similarities with the last Scottish independence vote and the ongoing US election. A tight election result along with an overwhelmingly negative media, similar to Scotland’s tight referendum result, is unlikely to calm things down in North America. Additionally, with Scotland showing some extremely dodgy “postal vote” numbers from the referendum, it was easy to understand why Mr Trump was quite firm in his distrust of this method of voting. Amusingly, the most suspicious “postal vote” count came from Argyll in Scotland, birthplace of the US presidents mother, where postal returns were almost unanimous against Scottish independence with an almost impossible turnout of 96%, something which suggests no-one had died or moved house in the year since the electoral register was compiled!

To cut a long story short, just as the Scottish independence issue was unresolved with a tight vote, equally with feel the occupancy of the big house in America will generate considerable debate.

 

Aside from obvious entertainment value, our greater concern is more important as the markets shall prefer stability and at present we’re not comfortable we’re seeing any signs among normal key shares.

 

Barclays Plc are a case in point. Presently trading around 110p, the price needs a visual miracle above 135p to give early suggestions things are about to improve. Such a trigger is liable to be quite important, “risking” provoking a recovery cycle to an initial 192p. Only with closure above such a level shall drooling be approved, this strongly hinting longer term miracle recovery toward 290p will become possible.

If things intend go pear shaped, the share price requires weakness below 92p to justify a raised eyebrow. This calculates with the potential of coming reversals to an initial 82p with secondary, if broken, at a bottom (hopefully) of a less likely 68p eventually.

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
1:16:29PM BRENT 39.81 39.44 39.295 38.52 39.95 40.78 41.12 41.68 39.8 Success
1:39:00PM GOLD 1951.82 ‘cess
1:42:51PM FTSE 5922.15 ‘cess
1:44:41PM FRANCE 4957 ‘cess
2:24:33PM GERMANY 12519.01 12364 12300 12202 12514 12594 12677.25 12771 12455
2:28:47PM US500 3515.22
2:31:03PM DOW 28363
2:33:51PM NASDAQ 12097
2:35:41PM JAPAN 24322 ‘cess

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%
3/11/2020 FTSE Closed at 5786 points. Change of 2.33%. Total value traded through LSE was: £ 4,532,627,706 a change of 3.31%
2/11/2020 FTSE Closed at 5654 points. Change of 1.38%. Total value traded through LSE was: £ 4,387,376,936 a change of -3.73%
30/10/2020 FTSE Closed at 5577 points. Change of -0.07%. Total value traded through LSE was: £ 4,557,332,693 a change of -12.99%
29/10/2020 FTSE Closed at 5581 points. Change of -0.02%. Total value traded through LSE was: £ 5,237,564,347 a change of -19.16%

The DOW & FTSE for FRIDAY 6/11/2020

#FTSE #WallSt As the entertainment from North America continues, we’re about ready to wind up our USA features in this headline section. Unless, of course, the shambles continues over the weekend and the country accidentally elects Kermit the Frog as president instead! Certainly, a Muppet as president would surely exhibit better communication skills than many in the media as they’ve stumbled through coverage of the election. Surely questions must be asked of those who predicted civil war should “the wrong” candidate win the vote?

An abiding memory from April came from media coverage of Covid-19 in New York, camera’s lovingly caressing images of a mass grave as unclaimed bodies from morgues were interred during the panic. The impression given was of a country unable to cope with events but the reality made a bit more sense. This event occurs fairly frequently in New York and prisoners from nearby Rikers Island jail even have a set pay rate established to bury unclaimed bodies. Similarly, in the UK, we’d to witness TV images of disasters unfolding in Spain and Italy while friends in these countries reacted with shock, when asked about the stories. They were pretty sure they’d know about convoys of military trucks carrying coffins.

The Dow Jones completed Thursday, looking a bit underwhelmed by all the scare stories. Instead, Wall St looks poised for movement to new all time highs and this, perhaps, should be the real shock given the much publicised 2nd Wave of the pandemic. As someone without an effective immune system, this is obviously a worry but realistically, maintaining levels of paranoia has been relatively easy, thanks to living in the countryside of Scotland where people scarcity is the norm.

For Wall St, movement next above 28,500 points looks capable of driving market growth to an initial 29,287 points. This comes very close to challenging the previous all time market high in February this year and despite the visuals suggesting a potential glass ceiling, we’re not convinced. Moves above 29,287 should prove capable of attaining 30,552 points eventually, yet another all time high and a remarkable feat for such a tragic year as 2020. A small fly in the ointment is presented by the Red line on the chart. The index required to CLOSE the session on 5th November above 28,427 points. Despite a day high above this level, the market closed at 28,390 points and slightly below the line.

Perhaps some doubt remains as to which Muppet the US intends elect…

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FTSE for FRIDAY (FTSE:UKX)  Quite remarkably, the FTSE has exhibited similar behaviour to The Dow Jones in respecting its Red uptrend since the Covid-19 drop in March. There are even very early signs a true market rally is nearly upon us, the logic behind which totally defeats. The immediate situation is fairly impressive.

Movement next above 5934 points should prove capable of lifting the market to an initial 5970 points. If exceeded, our “longer term” secondary (aka maybe later that day) calculates at 6088 points. The secondary is pretty important, placing the UK index in a zone where a further 100 point lift to 6188 becomes expected. But critically, the market absolutely must close a session above 6088 to permit untrammelled optimism for the future. While visually this argument may not make sense, our software is showing 6088 as a “red flag” level which must be beaten.

If things intend go horribly wrong, the FTSE needs reverse below 5825 to give the first sign of trouble ahead, allowing reversal to commence to an initial 5777 points. If broken, our secondary calculates down at 5680 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
10:57:11PM BRENT 40.87 40.43 40.185 41.4 41.62 42.06 40.3
10:59:52PM GOLD 1949 1924 1917 1948 1953 1963 1926 Success
11:02:00PM FTSE 5899.64 5835 5803 5891 5932 5944 5874 ‘cess
11:04:18PM FRANCE 4971 4940 4925.5 4986 5000 5018.5 4954 ‘cess
11:06:34PM GERMANY 12523 12251 12185 12397 12590 12730 12477 Success
11:17:52PM US500 3510 3459 3449.5 3488 3529 3558.5 3479 ‘cess
11:20:22PM DOW 28405 27937 27801.5 28200 28505 28594.5 28220 ‘cess
11:22:34PM NASDAQ 12081 11912 11885.5 12109 12142 12272 11983 ‘cess
11:24:35PM JAPAN 24180 23934 23759 24065 24362 24433 24219
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%
3/11/2020 FTSE Closed at 5786 points. Change of 2.33%. Total value traded through LSE was: £ 4,532,627,706 a change of 3.31%
2/11/2020 FTSE Closed at 5654 points. Change of 1.38%. Total value traded through LSE was: £ 4,387,376,936 a change of -3.73%
30/10/2020 FTSE Closed at 5577 points. Change of -0.07%. Total value traded through LSE was: £ 4,557,332,693 a change of -12.99%
29/10/2020 FTSE Closed at 5581 points. Change of -0.02%. Total value traded through LSE was: £ 5,237,564,347 a change of -19.16%
28/10/2020 FTSE Closed at 5582 points. Change of -2.55%. Total value traded through LSE was: £ 6,478,792,407 a change of 41.97%

 

Nasdaq for 5/11/2020

#Gold #Japan It was around 4.30am when the penny dropped, a realisation the US election was being viewed for ‘entertainment’ value. There was no great underlying geopolitical motive, instead the US results (washed down with plenty of rum) proved as enjoyable as watching Eurovision results while ducking the horror of actually watching the acts perform. Perhaps this explains the fascination within the UK & Europe for the still unravelling American mess.

The US has turned “normal” on its head. There’s a saying about ‘counting chickens before the eggs are hatched’ and it’s something the markets are dangerously close forcing us to propose, especially with the Nasdaq. Strangely, an issue made itself clear during the night as we were watching market futures in conjunction with TV election coverage. When it looks like Mr Trump would make a gain, futures for Wall St would blip upward. Conversely, when Mr Bidet looked like making a gain, Wall St futures would dip. This state of affairs continued until 8am, when everything turned on its head and the night-time decline started to reverse. This time, it only took a gain for the Democrat contender to provoke Wall St gains!

Analysis of this behaviour quickly revealed a cause. No-one has a clue what’s actually going on…

 

This brings us to the Nasdaq. On 4th November, the index has performed with impressive strength and now calculates with the potential of some amazing numbers. Apparently growth next bettering 11,850 points should attempt an initial 12,066 points. If exceeded, our “longer term” secondary computes with a target of 12,433 points, virtually exactly matching the all-time high from the start of September. Importantly, there’s something significant about such ambition. In the event the Nasdaq somehow manages to close a session above 12,433 points, we’ve a strong logic demanding a cycle of further gains commence, giving a present of an additional 1,001 points.

 

For trouble to make itself know, the Nasdaq needs reverse below 11,300 points. Such calamity risks provoking reversal to an initial 9,670 points with secondary, if broken, at 8,560 points. Visually this appears unlikely but do remember the big rule.

Times are not normal.

 

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
9:52:06PM BRENT 41.3 ‘cess
9:56:25PM GOLD 1904.16 1887 1881.5 1871 1900 1906 1913 1931 1892 Shambles
10:36:09PM FTSE 5861.2 Shambles
10:38:41PM FRANCE 4888.7 Success
10:42:07PM GERMANY 12292 Success
10:46:30PM US500 3450 Success
10:54:30PM DOW 27939 Success
10:56:18PM NASDAQ 11839 Success
10:59:43PM JAPAN 24039 23854 23786 23694 23946 24062 24111.5 24196 23911 ‘cess

 

 

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%
3/11/2020 FTSE Closed at 5786 points. Change of 2.33%. Total value traded through LSE was: £ 4,532,627,706 a change of 3.31%
2/11/2020 FTSE Closed at 5654 points. Change of 1.38%. Total value traded through LSE was: £ 4,387,376,936 a change of -3.73%
30/10/2020 FTSE Closed at 5577 points. Change of -0.07%. Total value traded through LSE was: £ 4,557,332,693 a change of -12.99%
29/10/2020 FTSE Closed at 5581 points. Change of -0.02%. Total value traded through LSE was: £ 5,237,564,347 a change of -19.16%
28/10/2020 FTSE Closed at 5582 points. Change of -2.55%. Total value traded through LSE was: £ 6,478,792,407 a change of 41.97%
27/10/2020 FTSE Closed at 5728 points. Change of -1.1%. Total value traded through LSE was: £ 4,563,468,631 a change of 6.98%