Author: T&T Staff

#BrentCrude #Nasdaq Midway through November, America almost has a new President, Covid-19 is nearly cured, the UK PM is being locked away for a few weeks, and ‘I’m A Celebrity’ is back on TV! Could we be approaching the end of 2020 with a plethora of positive vibes forcing itself upon us. Our previous glance at Lloyds (link) certainly proved correct with our secondary target level being exceeded.

As a result, we’re using this weeks visit to a retail bank as a “what if” scenario, as in “what if” the good news keeps coming, ideally with “I’m A Nonentity” being cancelled. In this particular household, the theme music is sufficient to remind the dogs need walked immediately, the car needs washed, or even can the grass be cut in darkness while it’s raining, while wishing the mower was electric. As can be guessed, the half of the household clutching the TV box remote believes the rubbish from a Welsh castle is essential viewing.

 

Kidding aside, Lloyds Banking Group are very nearly at the point of justifying some real optimism for the longer term. The immediate situation suggests ongoing travel beyond 35.09p should head up to 38p and at this level, life starts to become very interesting. The share price will require closure above 38p to confirm 2020’s visual Glass Ceiling has broken, allowing further recovery in the direction of a future 50p with secondary, if bettered, being the subject of considerable debate in-house.

If we go by software criteria alone, the secondary should be presented as 92p. This is due the share price finally closing above Blue on the chart, a downtrend dating back to 2007. In normal times, we tend expect rates of recovery acceleration to be influenced by the levels at which such a downtrend commenced. In the case of Lloyds, the implication is quite suspect above 6 quid. Obviously, times are not normal and if we opt to balance expectations with share price behaviour during 2020, our secondary target level calculates at a sane looking 61p.

The surprising visual detail from such a secondary ambition is 61p is virtually a pivot level, a share price above and below the bank has been cavorting for the last ten years. As a result, an ambition of 61p makes a lot of sense and should such miracle recovery appear, common sense alone demands we revisit our numbers to project where a proper long term target may reside. For the sake of providing a ‘clickbait’ teaser, it’s already possible to calculate some amazing potentials with 156p allegedly viable in the distance, along with proof Santa Claus is real.

A word of warning. Lloyds needs only sink below 30p to turn this Big Picture scenario into mush as a future retreat below the Blue trend line would be a really bad thing.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
1:44:47PM	BRENT	42.8	42.68	42.445	41.47	43.43	43.63	43.835	44.22	42.74	‘cess
1:46:55PM	GOLD	1890.12
1:55:17PM	FTSE	6340
1:59:20PM	FRANCE	5406									Success
2:02:06PM	GERMANY	13120									Success
2:04:54PM	US500	3585.92
2:07:06PM	DOW	29488									‘cess
2:09:09PM	NASDAQ	11950	11810	11750.5	11684	11886	11951	12141	12348	11817
2:11:48PM	JAPAN	25610									‘cess

13/11/2020 FTSE Closed at 6316 points. Change of -0.35%. Total value traded through LSE was: £ 5,765,436,391 a change of -7.44%

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%

#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?

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…

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%

#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.

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%

#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

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%

#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.

 

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%

#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.

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%

#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…

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.

 

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%