What Spain vote could do to share prices

The Grand Tour (Ex:BBC) & Spain

For some reason, doubtless related to the immediate prospect of grandchildren arriving for the next weeks, Jeremy Clarkson’s latest episode of Grand Tour superseded the usual Thursday night flip flop through the Asian markets. Some say, it was more interesting.

Watching Mr C snowplough down a glacier either provided testament to an amazing actor or, quite genuinely, this was his first time on skis.

Regardless, it would be nice to enjoy the Bugatti which transported him to the slopes. It reminded of a trip to Australia and asking why the chairlift pylons where not covered with day-glow cushions such as Europe or the USA. The inebriated host answered;

“You’d need be a real **ck to hit one of these!”

Minutes later, as he sat on the pylon cross-beam, a snowboarder hit him. The steel pylon was not damaged in any way.

SPAIN, the IBEX 35, had been showing the potential of a coming droop to 9,250 or so. The last straw looks like weakness below 9,980 points.

Curiously, during the session on the 21st Dec, the index was propelled above 10,300, making the drop calculation theoretically invalid.

We’re not entirely convinced as the forced upward growth from 2.45pm is starting to look like something which happens with AIM shares in the UK market, prior to a negative RNS the next day.

Our very best wishes for Christmas and the coming year.

Alistair Strang has led high-profile and “top secret” software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know “how it worked” with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.

Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea. 

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

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