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More....

Was going to cancel the post below as just checked and US futures Indices and the last line of defence, has just come racing back up in the time taken to write that post. So feint chance it acts as support IF it continues from the open at 2:30pm ie., from now.

It's like playing with the tail of a tiger.

Well if the current US futures maintain their overnight bearishness into their open at 2:30pm, it will just add to the bearishness of those markets open already.

US, UK, Germany, all down - and looking like no relief coming from the imminent opening of the US markets.

Finally the last of the lines in the sand, for US markets, has not only been breached in the futures, but is holding those lower levels.

So the pullback that was expected before summer ends, is now here. So this pullback in SLP (and all stocks in general) are likely to experience a couple of more % points drop from here.

Was hoping for a relief rally before then, but the pullback-proper is here.

(feint chance this last line in the sand acts as a support when markets open, as the bear performance in the US futures is not certain to continue when their markets open; only likely to.

I have levels that suggest the ultimate floor to bounce from, but that is someway below. First is to see if the full pullback now commences from today.

There are no safe areasto escape to - this market wide - all sectors but will not be long lived. There will be a bounce, but not yet.

IMO only of course.

MORE....

PS.
- IMO only

Expecting the SP to take another hit tomorrow, judging by the futures indices.

If so, remember it's nothing whatsoever to do with BT. It's a market-wide response, and most other stocks will feel the pinch also.

Think the SP will come under pressure again tomorrow, as not only did US markets close their day down in the red, they're extending that drop into tonight's futures.
- FTSE futures are singing the same song too.

Of course entirely possible that overnight there's a reversal, as I'm seeing red futures all over the place now, but 10 hours forward could reverse all that by our open.

However, some key levels I've been watching are now getting breeched in the US, so more likely the SP will take another hit tomorrow.

If it does, and the final US Indices levels are breached, then likely that pull down I was expecting later but before summer was over - will be sooner rather than later

- But most of all, any further retrace in the SP is nothing whatsoever to do with SLP, as it will be market-wide affecting multiple stocks.

And there is an upside to it all, but first have to endure the coming pullback that's looming ever closer. It shouldn't be that big a % pullback, but with the SP locking into the 90's in advance of it, it might feel like pain, but it won't be that deep
- IMO.

Loving how SLP is keeping all attempts to derail the SP firmly in the 90's.
Could get through all this without dropping completely out of the 90's.

Big improvement to futures overnight; closer to neutral than bearish with FTSE on the positive in early opening so far.

Encouraging start to the day so far.

As of this evening (midnight-ish) all UK & US Indices (futures) are all in the red, if that holds through the night then likely the UK will remain in the dumps tomorrow, Weds.

The US after last night of bearish futures did open up bearishly today, and go on to close the day in the red.

Now again after their markets have closed, their futures are in the red tonight - again.
So are the UK futures; despite closing better than the US markets today. Which makes a change from: they sneeze and we catch a cold.

And yet the indice levels that have held, are still not letting a sizeable pullback get under way. Because once one gets underway in the US, we will surely follow.

However the next pullback is one to plan an ambush for and go in, all Luna-like :) and welcome it. As it will be a buying opportunity. Because it's what follows on from it, that is to relish IMO.

Unhappy at the SP remaining sub £1 and no takers, and not looking likely to lift out of it tomorrow, either.
Not seen this behaviour in August by SLP - as for 5 years previously it's been 100% the opposite.

Price action history already looking quite a major scar, rivaling the March 2020 crash for determined consistency, the more you zoom out and increase the years. It's transformed from a minor pullback to the in-your-face, real deal. It's not just SLP though, there's nowhere to hide; many stocks are becalmed or worse.

What an August!

Here you are Fleccy:

https://www.google.com/search?client=ms-android-vf-gb-revc&sxsrf=ALeKk01T_oBoskpBB2nb_zL4JAoAeNdpJQ:1629219709025&q=What%27s+Hot+from+July+13th+2020+%23DC+%23BT.A+%23HAS+%23DGE+YouTube+%C2%B7+London+South+East+13th+July+2020&spell=1&sa=X&ved=2ahUKEwiBqZGwxLjyAhVOT8AKHZddC9UQBSgAegQIARAC&biw=360&bih=657

Or Google - What's Hot from July 13th 2020 BT

And it shows the video from YouTube instead. About 1m 30 seconds in. You get mentioned in the summing up.

Correction: She says VERY learned, and pauses after each word to add emphasis.

Fleccy - you're on the home page of this site under the video window of: "What's hot" with that blond analyst. Found it last night.

It was dated 2020. Just looked and they're 2021 and 2019/18, couldn't find it. But there was a stream of them all with BT getting a mention. So clicked on the first one and when she started analysing BT she did an advertorial for LSE saying:
and you can find out more by visiting our forums (and a picture of your name and a post flashed up on screen) where on the BT forum you will find some very learned posters, and they held on your name.

So the in-house analysts hold your analysis of BT in high regard. Don't know how to find the 2020 BT videos - think they rotate them.

fatprofits; click on poster FLECCY, and trawl through until you find the dissemination of Musk's telecoms aspiration.

Highly telcoms-technical (or 'learned' as one of LSE 's videos on the homepage descibes Fleccy) so get some matchsticks to keep your eyelids open.

You can see the whole thing on Stocko when I put it all together, tiger. (Same ID: Velo). Generally, don't post there much.
Not re-jigging my current portfolios - these will be 2 brand new portfolios (20 stocks each in UK & US) to join the current set of portfolios. It's all sectors inclusive, evenly.

Will be showing its progress at regular intervals on there (it's behind a pay wall mind) as there seemed to be some interest in my choosing the Sell in May and rebuy in the Fall tactic, in a post of mine, for this.
(Currently it's the full calendar year on there).
It's uninvested, spare cash; doesn't interfere with current holdings unless SLP crops up - it (SLP) was a main selection in January (or prior January) for that site's selection.

If you're not on Stocko, can post the selection choices here anyway. I'm a bit scaredy-cat ruling out personal discretion, thus only investing £2k per stock. Pure, pure, metrics, no personal decision making:

50% quality & momentum
and
50% value & momentum.

Guaranteed that stocks I've never heard of, will crop up LOL!

But have to choose as if in a cult. No personal discretion allowed. Can introduce a few filters at the selection process only. Going to reread how it's constructed as the owner Ed, said it didn't perform well to the same success on US stocks. Hmm. Problem straight away.

No discretion - ie., no personal opinions in the selection process?
Geezalou! Well there's a toughie right there. I've got an opinion on most things LOL!

" But simply to be so dismissive is frankly, rude "
-------------------

To knowingly post an untruth is an even worse offence.

You still haven't offered up, how you came to post such an outrageous blatant untruth.

Why still no credible explanation for your "error"?

" Markets don't seem overly impressed though...."

- the markets are concerned with more things at the moment than some bloke starting a new job at BT at the end of the year

======================

Couldn't agree more. Nothing to do with BT actions or otherwise.

Besides Afghanistan being the most popular issue for Monday's poor international market performance, another issue went unnoticed:
A piece in the FT on Monday was along the lines of:

"Chinese growth slowdown hits global stocks and commodities
World’s second-largest economy misses expectations across a range of indicators"

This turn back of the SP is not BT's doing. It's marketwide conditions. So my prior expectation of seeing 180 imminently, wll just have to wait.

(Can't get into the FT link item - behind a paywall but Google and the sentence is registered against the FT).

Tiger - Agree about the FTSE Index.

By October-ish this could be the last drink saloon for me investing in UK stocks. Will run a new p[ortfolio of 20 UK stocks with no discretion from myself
- pure factor/metric investing

- and hopefully US stocks (20) so a total of 40 stocks at £2k each. Will be using Stocko to aid the data mining.

You are correct about FTSE - it's universally accepted that it's hardly done much since it was downgraded from FTSE100 to the FTSE30 in 1985 to coincide with the stockmarket 'big bang' era.

No wonder Buffett et al call the UK stock market "cheap."

"Crozier oversaw a decline in the SP for ITV during his tenure. "
------------------

What utter, utter, total nonsense!
No other derision is suitable for such wanton lack of personal research.

Never quote another disguntled poster unless you mention in your post as facts unverified by yourself.
Can't think of anything more generous than that.

My own recollection is he took over whilst the ITV's SP was circa in the 30's when he arrived and circa 140's when he resigned in summer of 2017

Don't take my word - here, a snippet from the media in 2017:

" TV's share price has quadrupled since Adam Crozier was appointed as chief executive in January 2010 "
https://www.theguardian.com/media/2017/may/03/itv-chief-executive-adam-crozier-steps-down

Just look at the bottom left to top right trajectory of the SP in the chart they published in the media under his stewardship back in 2017.

Yes ITV's SP collapsed after he left. It's a pattern. But he wasn't there anymore!

First thing I checked this morning was my portfolios totals, and I could see the overall totals were (only a little) less than welcoming. So immediately checked the Index futures and yep all US futures had turned from the recovery of Monday to overnight into Tuesday as bearish - all of them in the red.
Curiously the FTSE was balancing indecisively, quite soon it turned bullish and has remained so, slightly, but slightly only, improving as the hours go by.

Only then did I look at my holdings.

So, wasn't surprised now, on checking SLP to see the 90's still on the table (previously thought they'd have been taken up by now, today)

However what was just a tad beneficial, was to see no reverting to a plunging SP, it was stable (it just lost a smidgen some time before posting this) but generally holding.

Should all the US indices remain and continue in the red until they open this afternoon, then that stability could (short term) come under attack. IMO.

Ultra & long term PREDOMINANT trends still bullish but a slew of lesser trends are refusing to ease up in their bearishness. Factually, from mid term down to the fastest, lowest trends, they are all remaining resolutely bearish.

So, have to side with the short term all the way up to medium term trends, that there is no let up in this retrace of the SP. However, very long term trends are as said, bullish, and not yet for changing. And the rule of thumb is the long term is the predominent trend and rules over all!

Either one regards this current SP performance as mere zig-zagging 'noise', or the other - that the downtrend is more serious than initially thought (for a multitude of reasons) and not yet for turning.

I find it pleasing that the key levels in some US indicators have not retraced enough to show another powerful pullback is yet imminent (as we here in the UK get affected too).

I fully "believe" in the view that one more 'stinging' pullback will be experienced (a buying opourtunity) probably before summer ends (but this is not it) after which a noticeable positive performance in the later months of the year all the way to the year end and maintained into next year, will ensue.

That is my 'belief' until/unless the market tells me I'm barking up a gum tree.

Back on to recommencing the fledgling bull trend tomorrow Tuesday.
I think Monday was a one-off event.

- BT right back on the uptrend tomorrow.

I'm going for Monday coming under a one-day flash crash category. I expect the 90's to get taken off the table promptly tomorrow.

If today had not been a one-day bear event, then the close is at the worst possible level and would have suggested a return to the bearish trend.

I'm suggesting the opposite - recommencing tomorrow SLP back on the bullish uptrend!

Wonder how much of China "missing expectations" comes from verified western import measurements v data direct from China?

If it comes from China it's very convenient that it follows on the heels of them admitting to state market manipulation; as if they have a legal right to manipulate markets.

I'm suspicious of the circumstances surrounding Monday's pullback, if (IF) it proves it was all down to data released by China.

- My view? SLP to be back on the rise tomorrow, Tuesday.

This is not the last meaningful pullback I posted of expecting before summer ends in a post some days ago.

Going to keep my powder dry until all the US markets close in 2 hours time. Very strange. But will wait until after 9pm.

At the moment, don't think this will be anything more than a one day flash crash the way things are going in the US currently.
Key levels not maintained for a prolonged pullback, plus it's too early coming on the heels of the last US pullback in July.

Odd and strange.

- I will ahem have a more considered view more clearly after 9pm tonight :)

Weird. Strange and odd. This does not fit with the last pullback of the year - it's too damn early to be that. Got a feeling tomorrow will see a supermarket style smash and grab for today's unwanted 90p's in SLP.

More after 9pm tonight.

All US futures are down suggesting a bearish day when they open this afternoon. (FTSE down too).

A lot of previously well performing stocks taking a dip today.

- Fears (temporary?) of Afghanistan now becoming a disruptive haven for a variety of
terrorist organisations??

For once not BT's fault in today's SP pulback.

180's on the back-burner for now.