Daily Alert: Tuesday 20th November 2018

Mark Nugent Daily Alert, Nov 2018

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Daily Alert: Tuesday 20th November 2018

Apple drops another 4% and all FAANG stocks now in bear territory (down at least 20%). This takes out my S&P500 for a loss of around 0.5%. Oil nearly takes me out intraday yesterday but I survive. However, it isn’t really going anywhere with any real momentum. Nissan chairman Ghosn is arrested on the tarmac at Narita adding to the equity jitters.

On Brexit, PM May’s immediate Tory critics implode in disagreement. It appears she is considering dropping the Irish backstop to bring Tory Brexiteers into the fold and has the EU on her side. After two years of headbutting, the UK Gov and the EU are now on the same side, against everyone else. But no one else has a plan. So my money is on Brexit happening as per the (maybe slightly amended) Withdrawal Agreement and for the GBP to rise soon.

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Daily Alert: Tuesday 20th November 2018

Apple drops another 4% and all FAANG stocks now in bear territory (down at least 20%). This takes out my S&P500 for a loss of around 0.5%. Oil nearly takes me out intraday yesterday but I survive. However, it isn’t really going anywhere with any real momentum. Nissan chairman Ghosn is arrested on the tarmac at Narita adding to the equity jitters.

On Brexit, PM May’s immediate Tory critics implode in disagreement. It appears she is considering dropping the Irish backstop to bring Tory Brexiteers into the fold and has the EU on her side. After two years of headbutting, the UK Gov and the EU are now on the same side, against everyone else. But no one else has a plan. So my money is on Brexit happening as per the (maybe slightly amended) Withdrawal Agreement and for the GBP to rise soon.

Here is your video:

You can download the video HERE.

The updated Trading Plan is HERE.

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