Author: T&T Staff

Apparently, if the FTSE now makes it above 7399, it should go to 7420. And if 7420 bettered, good chance the strength will continue!

Now, where’s that box of matches?

#GOLD #SP500 When asked to review #Sylvania, it occurred we very rarely pay attention to this, one of the Earths rarest metals. Spanish miners once regarded it as an unwanted impurity in the silver they were mining, a mistake unlikely to be made today. There’s something happening with the price of platinum and we’ll deal with that first.

Presently trading around the 950 dollar mark, Platinum looks very capable of heading to 1,030 next. If exceeded, we expect some stutters around our secondary calculation of 1,060 dollars. The price needs reverse below 930 dollars to provoke hysterics against these calculations.

If Sylvania Platinum share price intends reflect the change in fortunes for the metal itself, price growth now above 39.5p suggests coming recovery to an initial 43.8p. If exceeded, our secondary calculates at a longer term (or later that day!) 49p.

Achieving 49p is liable to be almost game changing for the longer term. If the share price manages to close a session above 45.5p, it enters the hallowed lands of “the higher high”. To us, this means we require extrapolate price movement from 2013 to calculate the force driving it for the future. While this sounds like complex mumbo jumbo, it’s fairly simple logic which implies, essentially, positive market conditions allow a long term attempt at 61p before we run out of numbers.

At present, the share needs below 32p before we’d feel our optimism is about to be trashed.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:07:03PM	BRENT	61.96									Success
10:08:51PM	GOLD	1510.43	1504	1499.5	1494	1512	1514	1516	1520	1504
10:11:18PM	FTSE	7373									Success
10:13:32PM	FRANCE	5826.5									Success
10:27:39PM	GERMANY	13132									Success
10:30:52PM	US500	3079.02	3073	3069.5	3064	3082	3086	3099.75	3135	3039	Success
10:34:04PM	DOW	27458									‘cess
10:36:15PM	NASDAQ	8216.37									Success
10:39:29PM	JAPAN	23137									Success

4/11/2019 FTSE Closed at 7369 points. Change of 0.92%. Total value traded through LSE was: £ 4,900,286,853 a change of -8.27%

1/11/2019 FTSE Closed at 7302 points. Change of 0.75%. Total value traded through LSE was: £ 5,342,127,869 a change of -12.99%

31/10/2019 FTSE Closed at 7248 points. Change of -1.12%. Total value traded through LSE was: £ 6,139,753,782 a change of 11.95%

30/10/2019 FTSE Closed at 7330 points. Change of 0.33%. Total value traded through LSE was: £ 5,484,235,986 a change of 6.15%

29/10/2019 FTSE Closed at 7306 points. Change of -0.34%. Total value traded through LSE was: £ 5,166,736,018 a change of 9.98%

28/10/2019 FTSE Closed at 7331 points. Change of 0.1%. Total value traded through LSE was: £ 4,697,887,789 a change of 4.65%

25/10/2019 FTSE Closed at 7324 points. Change of -0.05%. Total value traded through LSE was: £ 4,489,255,680 a change of -20.08%

#BRENT #DAX Similar to UK politics, this is on the edge of becoming interesting. We last reviewed Metro in September (link) and we’d some pretty foul expectations for its future. Something seems to have changed and now, we’ve calculated a trigger level which appears capable of provoking a “sure thing” trade!

There’s no such thing as a “sure thing” and to be blunt, the best we’d describe the potential is one of movement with an enhanced expectations. Perhaps, a bit like saying some MP’s will be elected on December 12th, just we’re not sure whom nor where…

To cut to the chase, the situation appears to be fairly straightforward. If this lot now manage trades above 248p, we’re calculating an initial 301p as an initial target ambition. Visually, this makes a lot of sense, matching the plateau of prices until September 23rd. In fact, if 301p makes an appearance, the share can be expected to experience some hesitation thanks to folk trapped at the 3 quid level dumping their shares in exchange for cash, doubtless to be wasted on Xmas presents, frivolity, or any number of undeserving causes which appear at this time of year. (Guess who made the mistake of going Xmas shopping at the weekend!)

Longer term, closure above 301p is liable to prove interesting, calculating with a surge to a vague looking 432p. In fact, we’re supposed to believe 641p is exerting an influence, a price level we’re less than confident about. In this instance, the only movement which appears to have some confidence is from 248 up to 301p.

If it’s all going to go wrong, the price needs fail below 198p at present to give serious alarm as this appears capable of bringing 175p initially. If broken, secondary computes at 125p and hopefully a bottom capable of providing a rebound.

For now, it appears worth keeping an eye on for our trigger level making an appearance.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:57:07AM	BRENT	61.65	59.16	58.49	57.4	60.85	60.88	62.08	62.58	60.4	Success
12:00:51PM	GOLD	1514.79
12:16:09PM	FTSE	7312.77									Success
12:17:25PM	FRANCE	5770.7									‘cess
12:19:19PM	GERMANY	12979	12895	12867.5	12826	12960	12992	13026	13104	12946	Success
12:27:50PM	US500	3065.92									‘cess
12:30:06PM	DOW	27334.9									‘cess
12:33:47PM	NASDAQ	8159.87									‘cess
12:35:35PM	JAPAN	22946									Success

 

1/11/2019 FTSE Closed at 7302 points. Change of 0.75%. Total value traded through LSE was: £ 5,342,127,869 a change of -12.99%

31/10/2019 FTSE Closed at 7248 points. Change of -1.12%. Total value traded through LSE was: £ 6,139,753,782 a change of 11.95%

30/10/2019 FTSE Closed at 7330 points. Change of 0.33%. Total value traded through LSE was: £ 5,484,235,986 a change of 6.15%

29/10/2019 FTSE Closed at 7306 points. Change of -0.34%. Total value traded through LSE was: £ 5,166,736,018 a change of 9.98%

28/10/2019 FTSE Closed at 7331 points. Change of 0.1%. Total value traded through LSE was: £ 4,697,887,789 a change of 4.65%

25/10/2019 FTSE Closed at 7324 points. Change of -0.05%. Total value traded through LSE was: £ 4,489,255,680 a change of -20.08%

24/10/2019 FTSE Closed at 7328 points. Change of 0.94%. Total value traded through LSE was: £ 5,617,068,603 a change of -3.47%

 

#FreeFirstFutures A week with a FTSE being underwhelmed by UK political decline appears to be finally responding in true Halloween fashion – scary but not really! It doesn’t even look like we shall find our hallowed leaders body in a ditch, despite his preferred method of exit in the absence of Brexit. Trump & Clinton once did a televised debate, managing avoid noticing viewers found both of them abhorrent. It looks like the UK’s political leaders are intending embrace similar levels of self delusion but it’s not supposed to be this way, is it? Voting papers should have a “None Of The Above” option to ensure career politicians do not win by default.

The market has spent the last 5 sessions flirting with the 7330 level for some reason. Now, it feels like some reversal is almost upon us and oddly, the key trigger level looks like 7,234 points. We cannot understand why this has happened but the situation presently appears to suggest only if the index moves more than 100 points from its previous parking level should we believe more reversal is upon us.

The market closed Thursday at 7,248 points. Now below 7,230 and we expect reversal to an initial 7,211 points. If broken, secondary calculates at 7,183 points. And if triggered, the tightest stop appears to be quite reasonable at 7,272 points.

The alternate scenario appears to be at 7,281 as movement above this trigger is supposed to be capable of a truly unimpressive 7,294 points. If bettered, our secondary calculation comes in at 7,317 points. If triggered, the tightest stop looks like 7,245 points.

For light relief, we’ve shown some bigger picture targets, suggesting target levels if “it all goes wrong – or right”. To be blunt, unless the FTSE experiences a miracle and starts trading above the aforementioned 7,330’s again, it’s now trading in a region with a bottom at 6,594 points eventually. If it were a share, we’d already assume that’s where the price intends head. Amazingly, it would suggest a return to the FTSE level the year started with, along with a strong hint we forget 2019 even happened.

Have a good weekend, it’s time for Austin, Texas & Formula 1, hopefully the UK driver Hamilton winning his 6th world title. (Though everyone knows it’s really his 7th)

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:10:39PM	BRENT	59.49	59.1	58.895		60.8	60.52	60.78		59.6	‘cess
10:12:40PM	GOLD	1512.31	1496	1490		1509	1514.1	1518.5		1499	Success
10:15:02PM	FTSE	7261.8	7238	7216		7272	7281	7289		7243	Success
10:18:04PM	FRANCE	5740.7	5717	5684		5757	5768	5777.5		5721
10:28:10PM	GERMANY	12889.28	12793	12768.5		12902	12923	12961		12851	Shambles
10:30:19PM	US500	3036	3021	3014		3040	3053	3060		3028
10:38:31PM	DOW	27034	26933	26868		27068	27235	27296.5		26951	Success
10:43:38PM	NASDAQ	8079	8015	7991		8092	8133	8146		8046	‘cess
10:46:09PM	JAPAN	22703	22650	22598.5		22813	22846	22894.5		22730	‘cess

 

31/10/2019 FTSE Closed at 7248 points. Change of -1.12%. Total value traded through LSE was: £ 6,139,753,782 a change of 11.95%

30/10/2019 FTSE Closed at 7330 points. Change of 0.33%. Total value traded through LSE was: £ 5,484,235,986 a change of 6.15%

29/10/2019 FTSE Closed at 7306 points. Change of -0.34%. Total value traded through LSE was: £ 5,166,736,018 a change of 9.98%

28/10/2019 FTSE Closed at 7331 points. Change of 0.1%. Total value traded through LSE was: £ 4,697,887,789 a change of 4.65%

25/10/2019 FTSE Closed at 7324 points. Change of -0.05%. Total value traded through LSE was: £ 4,489,255,680 a change of -20.08%

24/10/2019 FTSE Closed at 7328 points. Change of 0.94%. Total value traded through LSE was: £ 5,617,068,603 a change of -3.47%

23/10/2019 FTSE Closed at 7260 points. Change of 0.67%. Total value traded through LSE was: £ 5,818,863,244 a change of 3.71%

#SP500 #Japan Eurasia rather neatly illustrated why timeframes are difficult. No-one realistically expected a 223% rise through ALL our targets (link) in just 3 days but #Eurasia managed. Today, assisting a chum with a pre-demolition survey gave a sharp reminder why care is needed, when things go volatile.

We were at a mid 1800’s villa, a completely overgrown structure destined for landfill. My “job”, ensuring my chum didn’t find himself trapped in a remote location in Argyll, such was the dodgy nature of the building. More importantly, it was an excuse to bring a big chainsaw to create access to the property. Ivy had grown quite energetically with the result we simply could not see the roofline of the derelict house. Worse, Larch and Hawthorne trees had claimed ownership of the gardens, some of the hawthorns growing against the outer walls of the building. A particular tree gave concern, vanishing into the mass of Ivy with the result an initial chainsaw cut ended in blissful silence, using a handsaw. If things are going to go wrong, generally alarming sounds will come from a tree. If using a chainsaw, the noise of the machine plus ear protection can catch the unwary.

In this instance, the tree trunk suddenly shattered, along with interesting groans from overhead. We’d already planned escape routes and fled. The tree had been holding an immense mass of ivy, all of which discovered gravity. This was the start of a lively process, the roof collapsing inward and the exterior wall following. Essentially, the building was held up by vegetation alone and our pre-demo survey turned into an accidental demolition, one we’d thankfully prepped for.

To be honest, it was all great fun and a sharp reminder things which go up can also come down, fast! Which finally brings us to Eurasia for the 2nd time this week.

To give a perspective against this, we’re showing two charts. The upper chart shows minute by minute movements since the market opened on Monday morning, following our report on Sunday evening. It’s always interesting and useful to see how a price reacts when a target level is achieved.

Often, we will say something like, “if exceeded, our secondary calculates at …” but sometimes we remember to write; “if exceeded on the initial surge, secondary calculates at…”. Showing Eurasia in detail mode tends highlight the logic behind this. When the price hit Target 1, it exceeded it. When the price hit Target 2, it exceeded it. When the price hit Target 3, it exceeded it.

And when the price hit Target 4, yes, it did exceed target but as the ZigZag shows, the share was manipulated upward at the open. So, even though the target level we’d mooted on Sunday evening was actually dramatically exceeded by 0.5p, the price had been gapped up by 0.4p to ensure this happened. The ensuing reversal thereafter to 2p wasn’t exactly a surprise. As the chart shows, the price attempted further breaks above 3.5 but eventually it failed and the inevitable occurred.

So what now. Is the price about to disappear into a hole in the Ural Mountains, faster than Spanish riot policemen chasing tourists in Barcelona?

Certainly, we’ll be quite concerned if it trades (as opposed to forced down in the opening second) below 2p. Such a movement risks quite nasty reversal with 1.7 calculating as possible and secondary, if broken, comes along at 1.10p. We’d certainly hope for a bounce around the 1.10p mark but thanks to that gap, the price risks 0.9 before a rebound.

However, we’ve a sneaking suspicion the share will probably mess around a while, ideally with 2p as the bottom of a trading range. We’re not ignoring the salient detail of our 3.56p ambition being exceeded, even when we factor in the 0.4p gap. As a result, anything now above 4.03p should prove capable of a lift to 5.25 with secondary, if exceeded on the initial surge, calculating at 7.25p.

Visually, it appears the 10p level is the longer term thing to watch. Only if this lot find an excuse to trade above such a level shall we anticipate further fireworks, rather than a horror story.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:40:04PM	BRENT	60.24									‘cess
10:45:10PM	GOLD	1495.42									Shambles
10:47:30PM	FTSE	7336.33									‘cess
10:49:20PM	FRANCE	5774.7									Success
10:58:26PM	GERMANY	12937									‘cess
10:59:44PM	US500	3050.72	3024	3010.5	2995	3045	3054	3060	3072	3026
11:02:35PM	DOW	27217.4									Shambles
11:04:22PM	NASDAQ	8113.25									‘cess
11:06:20PM	JAPAN	22934	22792	22752	22675	22918	22956	22967	23035	22838	Success

 

 

30/10/2019 FTSE Closed at 7330 points. Change of 0.33%. Total value traded through LSE was: £ 5,484,235,986 a change of 6.15%

29/10/2019 FTSE Closed at 7306 points. Change of -0.34%. Total value traded through LSE was: £ 5,166,736,018 a change of 9.98%

28/10/2019 FTSE Closed at 7331 points. Change of 0.1%. Total value traded through LSE was: £ 4,697,887,789 a change of 4.65%

25/10/2019 FTSE Closed at 7324 points. Change of -0.05%. Total value traded through LSE was: £ 4,489,255,680 a change of -20.08%

24/10/2019 FTSE Closed at 7328 points. Change of 0.94%. Total value traded through LSE was: £ 5,617,068,603 a change of -3.47%

23/10/2019 FTSE Closed at 7260 points. Change of 0.67%. Total value traded through LSE was: £ 5,818,863,244 a change of 3.71%

22/10/2019 FTSE Closed at 7212 points. Change of 0.68%. Total value traded through LSE was: £ 5,610,839,707 a change of -3.73%

#FTSE #Nasdaq Once again, it’s that time of the year when we must remember neither Santa nor Politicians oaths are real. After all, a new wrinkle to the old joke; “How can you tell if a politician is lying? – ‘Cos you’ve not read their obituary yet!” has been provided by Doris as it appears unlikely he shall be found in a ditch on November 1st.

We last covered Dixons a year ago and their price movements now appear to suggest a surprising change in mood. The share price need only trade above 140p to enter a cycle which suggests some coming recovery toward an initial 159p. If exceeded, secondary calculates at a rather impressive, if visually questionable, 210p. Our excuse for questioning such a target level is fairly simple. For some reason, targets which sit 1/2 way in the middle of a gapped down (manipulated) region rarely turn out to be correct. We’re no idea why this is the case but over the years, we’ve learned to take such ambitions with a pinch of salt. In the case of Dixons, we suspect any rise which does exceed 159p is liable to fizzle out around the 188p level as the force of the gap down in May of last year looks capable of throttling a rise.

Our previous review of Dixons had given a drop target at 110p, something obviously achieved. Our secondary had a question mark over it as the calculation gave 55p as “bottom”. As this was precisely 1/2 our initial target, if didn’t ring true. Instead, despite a break of 110p, the lowest achieved since was 89p and the market appears to be making an effort to recover the price. At present, anything which gave Dixons share price an excuse to fall again below 110p will now be perfectly capable of 55p as “bottom” eventually. The visuals do not suggest this is likely.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:42:45PM	BRENT	61.18									‘cess
9:44:33PM	GOLD	1488.3									‘cess
9:46:21PM	FTSE	7311.73	7262	7240	7204	7318	7319	7336	7361	7272
9:47:47PM	FRANCE	5746.5									‘cess
9:53:55PM	GERMANY	12939
9:55:25PM	US500	3038.02
10:10:51PM	DOW	27101.5
10:14:24PM	NASDAQ	8054.94	8043	8038.5	8011	8074	8108	8123	8150	8053
10:15:59PM	JAPAN	22924

29/10/2019 FTSE Closed at 7306 points. Change of -0.34%. Total value traded through LSE was: £ 5,166,736,018 a change of 9.98%

28/10/2019 FTSE Closed at 7331 points. Change of 0.1%. Total value traded through LSE was: £ 4,697,887,789 a change of 4.65%

25/10/2019 FTSE Closed at 7324 points. Change of -0.05%. Total value traded through LSE was: £ 4,489,255,680 a change of -20.08%

24/10/2019 FTSE Closed at 7328 points. Change of 0.94%. Total value traded through LSE was: £ 5,617,068,603 a change of -3.47%

23/10/2019 FTSE Closed at 7260 points. Change of 0.67%. Total value traded through LSE was: £ 5,818,863,244 a change of 3.71%

22/10/2019 FTSE Closed at 7212 points. Change of 0.68%. Total value traded through LSE was: £ 5,610,839,707 a change of -3.73%

21/10/2019 FTSE Closed at 7163 points. Change of 0.18%. Total value traded through LSE was: £ 5,828,185,910 a change of -4.14%

#GOLD #SP500 Our report yesterday against #EurasiaMining provoked a "bloody ‘ell" moment in the office. We didn’t expect an 67+% rise the next day. Importantly, the price has NOT yet reached our 1.94, the best achieved being 1.92 and thus, the initial target has not been exceeded (yet). If it goes nuts again, we shall revisit the share. As for VAST, are we expecting similar behaviour?

 

Presently at 0.3p, the share needs trade above 0.39 to give sufficient ammunition to a calculation which projects a useless movement to 0.46p. All kidding aside, the really important stuff starts to happen if 0.46 bettered as our secondary computes at 0.59p. Visually, this projects the share into "game changing" territory as realistically 0.93p looks capable of presenting a longer term (or the next day!) attraction.

 

It’s certainly a complicated share but worth remembering you are playing with fire. The chart suggests since September, something has been happening to shatter the calm of 2019’s lack of price movement, so perhaps it’s worth keeping an eye open in the week ahead.

The price would require slippage below 0.2p to justify hysterics as we cannot calculate any sort of bottom number. Will it ever recover to its historical highs of 30p? We suspect only, if it lives up to its name and discovers some Vast Resources… Maybe worth seeing what the chatrooms are saying on the internet.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:05:36PM	BRENT	61.28									‘cess
10:08:58PM	GOLD	1492.79	1489	1486.5	1476	1500	1497	1503.625	1508.25	1491	Success
10:17:31PM	FTSE	7337.82
10:25:04PM	FRANCE	5735.2									Success
10:26:45PM	GERMANY	12962									Success
10:29:19PM	US500	3038.92	3025	3020	3012	3035	3044	3059	3066	3024	Success
10:30:46PM	DOW	27092.3									Success
10:33:10PM	NASDAQ	8100.25									Success
10:40:34PM	JAPAN	22960									Success

 

28/10/2019 FTSE Closed at 7331 points. Change of 0.1%. Total value traded through LSE was: £ 4,697,887,789 a change of 4.65%

25/10/2019 FTSE Closed at 7324 points. Change of -0.05%. Total value traded through LSE was: £ 4,489,255,680 a change of -20.08%

24/10/2019 FTSE Closed at 7328 points. Change of 0.94%. Total value traded through LSE was: £ 5,617,068,603 a change of -3.47%

23/10/2019 FTSE Closed at 7260 points. Change of 0.67%. Total value traded through LSE was: £ 5,818,863,244 a change of 3.71%

22/10/2019 FTSE Closed at 7212 points. Change of 0.68%. Total value traded through LSE was: £ 5,610,839,707 a change of -3.73%

21/10/2019 FTSE Closed at 7163 points. Change of 0.18%. Total value traded through LSE was: £ 5,828,185,910 a change of -4.14%

18/10/2019 FTSE Closed at 7150 points. Change of -0.45%. Total value traded through LSE was: £ 6,079,930,950 a change of -11.12%