Sounds more like Project Nightmare to me as a whistle-blower has said the social media company, acting in conjunction with Ascension (the US’s second biggest US healthcare provider), has secretly collated personal details of between 10 and eventually up to 50 million patients in 21 US states. The Guardian also reports that patients haven’t been anonymised, names and health details available to Google staff which will incorporate these in its Artificial Intelligence research. It is believed that in return the healthcare provider got help and discounts on its IT operations.
City AM newspaper reports that yesterday car maker Nissan, Japan’s second biggest auto manufacturer, saw quarterly profits fall 70 per cent to the lowest in 11 years. It therefore slashed its interim dividend by 65 per cent due to the worst Q2 performance in 15 years, caused mainly by falling car sales in China and the US. And please, don’t blame it all on Carlos Ghosn. Meanwhile, Elon Musk announced yesterday that Berlin has been chosen as the location for a new European factory, treading on ‘das auto’s’ toes.
DAX 30
Still overbought on the daily chart with a tiny little price range.
SHORT TERM TRADER: Square.
POSITION TAKER: Square.
FTSE 100
Zero momentum and a little shooting star candle yesterday just under the last 2 interim highs.
SHORT TERM TRADER: Short at 7370; stop above 7435. Target 7175.
POSITION TAKER: Square.
S&P 500
Another overbought index with a little shooting star candle at a record high. As from today President Trump’s impeachment hearings will go public.
SHORT TERM TRADER: Square.
POSITION TAKER: Square.
BRITISH POUND/US DOLLAR
A dragonfly doji yesterday in the middle of triangle consolidation suggests the market’s looking for direction. Note that the pause of the last few weeks has allowed simple moving averages to catch up with price.
SHORT TERM TRADER: Square.
POSITION TAKER: Long at 1.2950; stop below 1.2750. Target 1.3350.
EURO/US DOLLAR
Retracing a Fibonacci 61 per cent of October’s rally and testing the psychological 1.1000 level.
SHORT TERM TRADER: Short at 1.1050; stop above 1.1100. Target 1.0930.
POSITION TAKER: Square.
GOLD
The low of yesterday’s little hammer candle might mark this week’s low so we’ll pencil in consolidation between here and 1480.
SHORT TERM TRADER: Short at 1520; stop above 1500. Target 1440.
POSITION TAKER: Short at 1507; stop above 1520. Target 1440.
