A community center in Walker is taking seniors back to the good old days with special old-time dance sessions. Our Cheryl Moore takes us through the steps of the pox trot and the waltz in this week's in focus. This event in Walker is getting seniors to move their feet. It doesn't matter if you make a mistake. This isn't about perfection and we're not here to compete with each other.  Old-time dancing at the Lake May Center was the brainchild of the center's president Mary Bingston. Soon, she brought her friend Sharon along for the ride. We were discussing what could be some fun activities for seniors and I said, old-time dancing, I bet they love it. I'm sure they grew up with it too because they didn't have television either. And I said, they will get a lot from it. And she goes, well, where am I going to get the music? I said, I have tons. We just called around and talked to different people and everybody we saw we talked to and said, you need to come to the old-time dance. The idea was simple, play some familiar tracks, put on your dancing shoes, then let your hips do the rest. We did old-time waltzes, a foxtrot, we did a butterfly, I don't know if some people remember that the Tennessee waltz, Pennsylvania polka, those were some oldies but goodies. From the waltz to the foxtrot to the butterfly, these dancers are good for everybody. I would love to see children come. I've been talking to Mary about possibly getting families to come up and learn how to dance. We come to help teach people some steps. This isn't a hard-core instruction, it's just we can learn by doing. Probably one of the best things about the old-time dancing is seeing how happy the seniors are. Makes them feel great, makes them feel young again. You take their hands, even if they can't dance, if they're in a wheelchair and you take their hands and they just smile at you and feel the rhythm and it makes them come alive. They enjoy it so much and just to see them smile and like the one gentleman from Adult Day Service said, this is the most fun he's had for a couple of years. In Walker with this week's In Focus, Shromor, Lakeland News. If you've enjoyed this segment of Lakeland News, please consider making a tax-deductible contribution to Lakeland Public Television.


What is up you guys welcome back to another one if you are new to the channel I'm Goldpony on to new car truck SUV reviews on YouTube and today we are in the new 2021 Toyota Corolla courtesy of Hanover Toyota in Hanover PA for more information on their inventory please feel free to check out the link in the description box below wanted to check this one out yet again I do review it every single year of course and we all know the Corolla comes with absolutely stellar reliability the kind of reliability that takes you over 300,000 miles and there's actually a couple new exciting changes for the 2021 Corolla as well so what do you guys say let's just go ahead and jump right into it and as always let's start with pricing and so there will be several different trim levels for the 2021 Toyota Corolla first one being the L starting at $19,825 LE for $20,275 hybrid LE for $23,400 the SE which actually is the one we have today that one starts at $22,275 SE Nightshade Edition which is a new trim level for the 2021 model year that one goes for $22,975 XLE for $24,225 and lastly the XSE going for $25,725 but then as you can imagine with all of those trim levels there are a few different power plants that come with the Toyota Corolla first one belonging to the L, LE and XLE being a 1.8 liter naturally aspirated inline 4 cylinder putting out 139 horsepower at 6100 rpm 126 pound-feet of torque available at 3,900 rpm power sent to the front wheels through a CVT giving you MPG numbers coming in at 30 in the city 38 on the highway taking regular unleaded fuel but then the next power plant belonging to the SE trims as well as the XSE being a 2 liter naturally aspirated inline 4 cylinder 169 horsepower at 6,600 rpm 151 pound-feet of torque at 4,400 rpm sent to the front wheels once again through a CVT with paddle shifters though on this particular engine setup and we do have them today so we will be testing those out in a little bit I did want to mention though as far as transmissions go for that particular engine setup there actually is a six speed manual available with the SE trim level only that is the only way you're going to be able to get a six speed on the 2021 Corolla in case anybody wanted it that's where it's going to be at 0 to 60 time comes into approximately 8.2 seconds we'll be doing an acceleration testing a little bit here MPG is 31 in the city 38 highway once again regular unleaded fuel and then the last configuration belonging to the hybrid that is going to be a 1.8 liter naturally aspirated hybrid 4 cylinder 121 horsepower at 5,200 rpm 105 pound-feet of torque available at 3,600 rpm power center front wheels once again through a CVT MPG numbers for the hybrid which everybody wants to know 53 in the city 52 on the highway that's pretty darn impressive regular unleaded fuel of course once again next thing I wanted to mention drive modes and so when it comes to the drive modes on the Corolla they're only going to be available for the SE trims the XSC the XLE and the hybrid so the L and the LE trims will not get the drive modes in case anybody was curious there so there is a sport button that is located just in front of the shifter there's also an eco mode if you go with the hybrid trim level only and of course the Corolla defaults to a normal mode so really it is in normal mode all the time unless you take it out by pushing one of those two buttons but having said that let's go ahead and push the sport mode and it it did immediately downshift so to speak we're in a CVT of course but it is going to hold the rpms in a much higher level giving you more power on demand it's also going to adjust the throttle sensitivity and the steering sensitivity as well I can definitely notice a difference there between the normal driving mode and the sport driving mode but I just put it in when it comes to the steering sensitivity so we'll mention that but having now said all that what do you guys say let me push the shifter all the way to the back and to the left that is actually going to give me full manual shift mode so I'm going to be in charge of the shifting here and let's do a quick little paddle shifter test here let's see how quickly these paddle shifters are actually going to react for us here all right gotta stir it away here let's do this actually doesn't shift for you I got a surprise it's pretty darn cool I like that the paddle shifters are there this is kind of simulated because it is a CVT transmission after all so it's not really rowing through any gears but I love that they're there and I having said that they do actually react pretty darn quickly but again they're paired up with the CVT so it is what it is but nonetheless now having done that let's get set up and let's do a quick little acceleration test here and let's see how quickly we can get the new 2021 Corolla here up to speed here's a straight away once again it's all right it's not the quickest thing in the world but you know what it's all right for a compact car like this it kind of feels like the Nissan Sentra that originally drove quite honestly so it's not going to be as quick as maybe a turbo charge civic but it'll definitely get the job done you shouldn't have any issues the merging out to the highway or anything like that but as always to go along with that acceleration braking is equally important and so when it comes to braking for the 2021 Corolla it's going to be the same regardless of trim level that you go with up front you're going to get 10.8 inch ventilated front discs in the back 10.2 inch solid rear discs as far as that 60 to 0 stopping distance goes it actually comes in at 119 feet which is definitely respectable no issues with that for comparison sake the Honda Civic comes in at 113 feet Hyundai Elantra comes in at 125 feet if you wanted to compare that a little bit but overall braking feels been perfectly fine for me today so braking is certainly on point with the Corolla touching on suspension and handling up front you're going to get to make fierce and strut front suspension with the stabilizer bar in the back independent multi-link rear suspension previously in 2019 it didn't used to have that it used to have the torsion beam rear axle so I loved in 2020 that they switched it to an independent multi-link so it is going to give you better handling than what it used to just in 2019 so do like that also starting in the 2020 model year I wanted to mention this the Corolla switched to Toyota's TNGA platform which gave the Corolla lower center of gravity and 60% more body rigidity as well so all these things I wanted to mention because it certainly helps with the handling and the fun to drive factor compared to what Corolla's used to be so typically for the longest time the Corolla hasn't been all that exciting of a car to drive but that changed last year in 2020 and again of course it carried on to the 2021 model that I am currently driving so having said that when it comes to this steering feel in this sport driving mode that I've left it in it's really nice actually I don't mind it without that sport driving mode it's definitely on the looser side so it depends on what feel you're looking for I guess I will say it's not quite as heavy as the Civic or the Nissan Sentra actually either they definitely offer a heavier weighted steering feel which I personally prefer but still it's not bad in that sport driving mode like I was saying as far as ride quality goes I think that's where the Corolla really shines when it comes to its segment I would say the Corolla definitely has a smoother ride than the Civic and the Sentra so I definitely do appreciate that cabin noise is perfectly fine as well there's not a whole lot of exterior wind noises coming into the cabin it's pretty much as you would expect the compact car to be when it comes to that and as far as visibility goes I can see perfectly fine out the back typically with sedans you're not going to have any issues there anyway so visibility is definitely on point but that about rounds off the performance segment of this review you guys let's not go ahead take a look at the exterior of this brand new 2021 Toyota Corolla all right so here she is you guys the 2021 Toyota Corolla when it comes to exterior changes the only exterior change was really the addition of that se night shade addition trim level it gives you numerous black accents on the front lip the emblems the wheels side mirrors door handles rear bumper rear spoiler so essentially sums that one up but say then go ahead and moving up to the front of the Corolla though up front you will actually get led headlights across the board every single trim level is going to give you led illumination that's pretty awesome high grade led headlights come with the se trim level and up if you want a little better illumination and there's actually an adaptive front lighting system that goes for $2165 it's actually going to be available for the x le and the x se trim levels as a package option if you wanted that led daytime running lights come standard on all trim levels a large mesh front grille against standard on all trim levels but having said that that front bumper design is going to differ between the l and the s trim levels if you know what I'm saying the le and the se for instance is going to be completely different as far as the front bumper goes but having said that let's go ahead and make our way now to the side of the 2021 Corolla and so to start black windows surrounds do come standard across the board body colored power adjustable side mirrors once again standard on all trims and when it comes to those side mirrors they are actually heated for the hybrid trim level and you will get integrated turd signals if you were to go with the x le or x se trim levels and again black door handles for the night shade addition and body color door handles for all other trim levels so I wanted to mention that as well as far as the wheel setup goes 15 inch steel wheels with covers come with the l trim level 15 inch alloys come with the hybrid 16 inch steel wheels with covers come with the le 16 inch alloys with the x le and all se trim levels are going to give you 18 inch alloy wheels on the side there but now let's go ahead and make our way now to the back of this one as far as the back goes you will get a rear spoiler on all se trim levels so we do have the body colored spoiler here the night shade addition is going to give you a black rear spoiler of course with the black accents trim level badging can be found in the right bottom corner there the rear trunk le detail lights actually come standard on all trim levels love that and there is a small rear diffuser if you were to go with one of the se trim levels you guys can see that towards the bottom there single exhaust outlet is going to come with the l le hybrid and x le trim levels however the se trims including that night shade one will give you a single exhaust with dual chrome tips that is of course what you were looking at right now and i think you guys know what we have to do next as always here is that exhaust clip and so but now since we are around back when it comes to opening that rear trunk there is a button on the key fob itself there's actually also a button on the trunk itself that is yet another way to go ahead and open that up anyways once opened up cargo capacity comes in at 13.1 cubic feet if that was not enough space there is a 60 40 split meaning the rear seats do fold down for quite a bit of extra space there if you needed it then make your way to the rear leg room that is going to come in at 34.8 inches so for reference i mean even six feet tall this is how much space i had personally back there of course i'm not adjusting the front seats at all this is me sitting behind my own driving position also for there's rear passengers they will find a rear center armrest with cup holders if you go with the le trim level enough that's going to be how you're going to go ahead and get that and if the rear passengers look forward there is a little bit of storage in between the seats they're looking forward as well but so then making our way to the front seats manually adjustable claw seats come with the l le and hybrid trims premium sport fabric seats come with the se trim level and i do like the blue accent stitching i will say that as well and that of course is what you're looking at right now you will get a soft text upholstery or leatherette finish if you were to go with the x le or x se trim levels heated seats come once again with the x le and x se and you will find a power driver seat with power lumbar once again with the x le and x se trim levels but having said all of that honestly the seats are quite comfy for me my short driving stint today the se seating at least has been perfectly fine there's no awkward pressure points or anything like that so no issues for me there take a look at the steering wheel this tilt and telescoping you will get a leather wrap steering wheel for the se the x le the x se and the night shade trim so everything except for the l and le essentially otherwise it's here a thing for those two then make your way to the start up let me first start by showing you guys the key here i love how toyota labels their key with the individual model so it does say curl on the one side when you flip it over it's pretty basic lock unlock button to pop the rear hatch but having said that it is all keyless entry with the push button start if you were to go with the hybrid x le or x se trims it is optional for the se that we have today we actually do have that option so all i'm going to do here simply put my foot on the brake and press the engine start button which is located just by the driver's right knee there it's open then once started up as far as the gauge setup goes tachometers all the way to the left speedometer is front and center and there is a small digital display all the way to the right which can be controlled by using the steering wheel mounted controls on the left wouldn't have minded if toyota switched that up but i'm sure you will get used to it but nonetheless there's a ton of different information you could check out within the digital gauge setup including outside temperature you could set a digital speedometer up there if you wanted to how many miles you have left until you hit empty you could check your miles per gallon at any given time when you need your next oil change trip a trip bay of course and there's a ton of other stuff honestly could check out up there as well then make your way to overall interior quality a power moonroof comes with the x le and x se trims optional on the se that we have today we do have that option i love that and for anybody looking for homelink controls or the garage door openers that is going to be an option for 175 dollars that comes with the frameless review mirror as well so that's there for you wireless phone charger is going to be optional once again with the package deal for x le and x se trims and be lighting again a package deal for the x le and s se trims if you wanted that as far as interior quality goes i was actually kind of surprised i really like it i don't think it's quite as nice as the must of three if i'm being quite honest but i do like it i think better than the civic and depending on the trim level sometimes better than the center but not always but my point essentially is the interior quality is just fine for the corolla i do like the stitching that goes throughout the dashboard here just above the passenger side glovebox love the blue contrast stitching that ties in with the seats that you can find on the doors do like that there's a little bit of storage just in front of the shifter so that's going to be there for you as well there's a couple cup holders just behind the shifter you actually have an electronic parking brake just behind the shifter as well and when you open up the center armrest there's a decent amount of storage there but you actually have a usb charging port within that center armrest any 12-volt power outlet in there as well so overall interior finish is just fine for the corolla new issues for me but so then now let's make our way to the tech display where there is yet another change for the 2021 corolla 7-inch colored touch screen display comes with the l trim level however all other trims will give you an 8-inch colored touch screen display that is currently what you're looking at right now and it is a somewhat high quality display it's not the very highest quality that i've seen but actually it's not the worst either it's kind of right in the middle there bluetooth and audio streaming coming standard android auto is newly standard for the 2021 corolla apple carplay of course coming with that as well that essentially means if you have a smartphone simply hook it up to the corolla you have free navigation displayed up on that tech display as well as the ability to like and dislike your paid door songs and there's a couple other compatible apps you can stream as well factory navigation system is optional for the x le and x se trim levels and of course you can check out your radio information up there and by the way when it comes to the sound system six speakers across the board every single trim level but having said that there is an optional nine speaker jbl sound system that yet again is part of a package deal that goes for 2865 dollars that option is available for the x le and sse trim levels only therefore we do have the six speaker sound system here with us today so what do you guys say let's go ahead and turn the radio see what we got playing today and let's test out the clarity of this one dang i haven't listened to red hot chili peppers in quite a while we'll say bass is not the best but the loudness is certainly there if you like loud music man definitely more than enough of a sound system for the corolla wouldn't have minded the jbl but then again that's why it's there as an option if you wanted a better sound system so you got a best of both worlds there i suppose last thing i wanted to mention to you guys on that tech display though is when you do put the corolla in reverse you of course will find a rear view camera letting you know who or what is behind you which is always is going to lead us into safety and so let me first start by saying iihs top safety pick that's always something i look for and always something i will mention if it applies to the vehicle i'm reviewing like the corolla so i gotta love that front side side curtain airbags but check this out also drivers knee airbag doesn't always come standard pasture seat cushion airbag almost never come standard rear side impact airbags usually like a four hundred dollar option for bmw and Mercedes but standard on the corolla that's pretty darn cool i gotta admit in the back you're gonna have latch aka lower anchors and tethers for children for the rear car seats rear child door locks back there as well tire pressure monitoring system it's all pretty standard at this point but here's where toyota really gets it right also standard for every single trim level it's called toyota safety sense 2.0 this gives you a ton of advanced safety features including pre-collision system with pedestrian detection lane departure alert with steering assist automatic high beams road sign assist which essentially tells you the speed limit of any given road love that lane tracing assist and dynamic radar cruise control some of those again optional and even luxury automakers so absolutely love that x le and x se trim levels also add blind spot monitoring system with rear cross traffic alert and that is actually optional for the se trim level again we have that option as well today but overall when it comes to my final thoughts here of the 2021 toyota corolla great standard safety again it's an ihs top safety pixel when it comes to safety the corolla really doesn't get better when it comes to compact cars great reliability you know this is going to last over 200,000 miles let alone 300,000 even good fuel economy on the constructive criticism side it's kind of slow turbocharged engine i wouldn't mind it that we definitely put it on the same playing field as the Honda Civic they have a turbocharged engine of course a little better acceleration there would be nice having said that i don't think i would want toyota to do it before they made sure it was completely reliable and maybe that's what's holding them back because that's really what toyota is known for reliability so whenever you're ready toyota CVT transmission is somewhat emotionless as well although they did a decent job of simulating shifting in this although for me personally even if you put a six-speed automatic a basic six-speed automatic in this thing it's still better than a CVT but anyways lastly although the suspension and steering feel got better in 2020 it's still not quite as good as some of the competitors that i've driven like the Civic like the Mazda 3 and even the Nissan Sentra now is a really good steering feel but so i wouldn't mind it a little heavier weight to the steering feel especially maybe even if it's just in that sport mode that would be fine with me but overall this is definitely a solid pick if you wanted to save a ton of your money and you wanted an excellent commuter car this is going to last you forever so therefore it is going to save you a ton of money there so Kroll is definitely a solid pick and that about rounds out this review you guys thank you so much for watching if you're free to follow me on social media at the bottom of the screen there if you like be sure to hit the subscribe and the bell notification button if you're into new car reviews that is what we do here on this channel after all do appreciate you guys watching more than you know and i will see you guys all in the next video stay gold


Well, for one thing, they get rid of exchange. We only made $21 a month with $0.30 taken out for the Navy Medical, and in China we could exchange that at $16 to $1 for the money, what we call mixed dollars in China. And if you lived on their economy with your money, you were a very rich man, even though you were a buck private. Yeah, I was elated to be sent out there. I was sent there to replace a French horn player. I was a lower chair French horn player in the band the entire time I was there. The regiment was spread around the city in different places, so we made new hour concerts and all the different billets. Every Sunday morning we played a concert and then we provided music for divine services at the same time. So there was everything to do there with swimming and horse racing, dog races, dancing. There was a lot of dance halls. We had our own club. We had a beautiful club. I took a lot of interest in the Navy YMC out there and got into their camera club and was quickly elected president of the club, which I served in my entire time I was there.


And this is an update video. Just to keep you updated on what's going on, I hope that you're enjoying my current series on Kaden Live, which will be coming to an end in a few more videos, but I hope that you're enjoying them and you're looking forward to those last few videos. Also, I hope that you're enjoying my second channel. If you're unaware, I do have a second channel that primarily focuses on hardware, maybe an annotation up here for that. Computer controllers, game controllers, just building stuff out of hardware. So check that out. If you like my videos here, I hope you like those videos over there. Also, I wanted to talk to my Patreon supporters since I'm coming to the end of the Kaden Live series. Got to start working on the next video series. And I'm going to give you two main categories to vote for.  But I'm going to give you two main categories and later on I'll have you vote in sub-categories. Are you enjoying the videos that I've been doing with Kaden Live? Do you want to see more media itself and think about doing maybe videos on Blender or Gimp or both? Video editing, motion tracking.  So I just wanted to throw that in there. Go ahead and vote for that. Or would you like to get back to more programming stuff? Maybe show scripts, maybe some Vim tutorials, if you're sitting there, vote for that stuff. So yeah, thanks for watching. Oh, one more thing, something I don't do on one in the past, think about doing a comment video. If you think that's a good idea, comment below. When I have time, which I don't have a whole lot of time though, I'm going to look at all the comments on this video and I'm going to respond to them in an upcoming video. At least as many as I can. So questions, comments, put them in this video, comment below and I will hopefully have time to do a follow-up video where I answer or reply to those comments. So again, I thank you for watching and as always, I hope that you have a great day.


Good morning and welcome to the Monday market update with me David Madden. Today's date is Monday the 2nd of September 2019 and the time has just gone 10 30 British summer time And it's been a recently subdued start pretty quiet start to the European session Euros on equity markets like the DAX and the CAG grow slightly higher. Abundant volatility is fairly low while the 1,600 is doing quite well, but that's largely due to the move to the downside in the British pound Volatility is expected to be fairly low to the across all financial markets because the US are on holidays as it is Labor Day in the US They're gonna pick news stories of the past couple of days have been now that we're now that we're now that we're on the 2nd of September There's been a slight, you know, ratcheting up of the tensions between the US and China Very different tariffs that were announced came into came into effect on the 1st of September. So The United States and I've now are now living tariffs on 212 billion dollars worth of Chinese imports and they intend to have another Imposed tariffs on 188 billion dollars worth of Chinese imports between now and mid September so mid December mid December Come of the Christmas on the flip side of that China Of the 75 billion dollars for the tariffs on US goods that were announced Not too long ago. Some of those tariffs came into play. So the tariffs on oil came into play yesterday Early September September 1st. So things between the US and China have a lot got a Getting worse, but this is a bit of optimism out there because the US and China are due to you have a Have a meeting due to meet to discuss trade this month. So the fact that even though Tariffs are Increasing the fact that they both sides have agreed to meet He seemed to be positive And that is part of the reason why there there isn't, you know, a major sell-off on American workers this morning Well, it's something going on. We've had some larges be large speaking out of Europe Poor disappointing manufacturing numbers the we've had the very different Final readings of the manufacturing PMI reports from a number of your your your European countries the Spanish the Italian and the German all came in very much attraction territory the French the French figure came in showing it's a very slight Growth rate nothing to fifty one point one anything well fifty point zero is a expansion So nothing too overly impressive and the UK really came in at forty seven point four. It's lowest reading since late 2012 So commit late 2012 so really good indication of how the uncertainties in relation to Brexit are playing out all across Europe on both sides of the English Channel I'll take a look now at the week ahead said the major events of this week The weekend can be found on a website cmcmarkets.com under insights and then under news and analysis So looking ahead to tomorrow. We have a industry decision from the Reserve Bank of Australia on Tuesday We have first half figures from restaurant group Wednesday We have a raft of the services PMI reports from from a from countries all around the world on Wednesday, we have the Bank of Canada into interest rate decision On Wednesday, we have second quarter figures from slack technologies Wednesday, we are full your figures from the Nel group Thursday, we have we second quarter figures from zoom video communications. I'm on Friday We have the all-important US non-farm payroll figures. So most likely The non-farm payrolls will be the highlight of the week in terms of macroeconomic events I'll take a look now at the major markets starting off with the FTSE 100 So I think the kind of wider trend to our 2019 has been to the upside and you can see here despite the fact We are a very sharp set off between late July going into August We did see seem to have found a bit of a bottom in around this area here. The market has been pushing higher We're we're firmly comfortably above this red line here at the journey moving average And we're pressing higher and we're not too far away from the highs that were achieved in early early to mid August And if you can press on higher from here in the FTSE 100, we could be looking at retesting this area here in around the 7306 mark and if we go beyond that we could be looking heading up towards this blue line here 50 moving average and that comes into play And that comes to play in around 7,380 there they're about we can see on a few occasions that that particular metric acted as Support and to an extent resistance not in recent months metric has been important in the past It makes it more likely it will be so in the future But brought you no guarantees, but I should we go beyond that level if you were looking at our cleaning this area here in around 7,470 On the flip side if you did the market does manage to turn over on itself again And we do fall back below the tour to moving average the red line just south of seven thousand two hundred We can really get retesting this this area here. This is all here in around seven thousand four fifty down to seven thousand Take a look now at the the backs over Germany Similar picture spite the fact that we've had a very fairly sharp sell off The market seemed to found a floor found a bottom in on this area here in and the time frame will be kind of mid August we have been pushing higher recently But what separates the tax from the first hundred is the fact that the at the tax is actually they have the recent highs But she managed to take out the the highs of the middle of August So we're at now levels that last seen since very much early August So kind of you know, I'm talking about a one-month high Not too far away from one month high on the decks if you look the press on higher from here We could be looking at targeting the kind of cycle actually important 12,000 metric and if you go beyond that we could be looking at targeting this blue line here They're 50 moving average that comes in the play in around 12,000 and 80 You can see here on a few occasions that act as resistance and support and support here not too long ago Once again metric has been been important past It makes it more likely there will be so in the future and should we see a size of break beyond the 50 moving average We could be looking at having back up for this general area in around at 12,400 similar though if the market Takes it as a as a sharply of lower and we fall back below the turn to moving average at 11,674 and head back head back below 7,600 it could take us back down for this area here in around 11,270 Take a look at what's going on on the Dow Jones over the US So the US markets were in better shape in the in their European counterpart students when they when they had a pretty sharp sell-off Going into it in early August. We can see a nice series here one two three all of them Of higher lows so the market was kind of it was The first few weeks of all with didn't really managed to kind of make any higher highs But it's making a clear series of higher lows so that's giving it an early indication that the market even though wasn't driving higher It wasn't going any lower either So the market did measure the highs of last Friday did manage to kind of take out the highs of early August I pulled back ever so slightly the things and we're not too far away from this balloon on here The fifth and moving average with things are looking relatively good for the Dow Jones and if you can hold above the kind of 26,000 mark of its psychological number We could look you could look at retesting the 50 moving average which comes to play at 26,568 And if you go beyond that we could be heading up toward the 27,000 mark And then if you go beyond that we can make a retesting the all-time high If the market does manage to turn on turn on itself again We could be looking heading back towards this red line here the jury moving average at 25,643 And if you go below that you could be looking heading down toward these levels here that the level last seen in kind of late and mid-August in around the kind of 12,000 sorry apologies 25,200 and 80 a region having a the S&P 500 similar situation the S&P 500 to the Dow Jones The price actually has been fairly similar or by the highs of Friday very briefly eclipsed the highs That were achieved in mid mid and early August so the market also as a nice series of You see a nice series of higher lows along here So that sometimes it would appear that this upward trend is going to continue and if that is the case We could be looking at retesting this blue line the fifth and moving average at 2,944 and a slice of break above that could it could kind of take us back and Track up towards the 3,000 mark if you do have a firm as you kind of turn lower and move it to the downside You can make a heading back toward this this old here in around 2,850 and if you have a decent break below that it could take us back down toward this red line the tourney moving average Which comes into play at 2,000 sorry 2,808 So a lot of the uncertainty we've seen in equity markets in the last few weeks Has been a bit major has made a major of major benefit to gold and gold only this there last week last Monday He did a fresh six-year highs, but he was sitting quite a number six of new six-year highs and it is latest six-year high Last Monday, so it's very much a solid upward trend if we're kind of currently trading at 15 23 15 24 if it's the press on higher from here you could be Heading back up towards the 1555 metric and a movie on that to make it more likely that we'd actually Continue on up towards the kind of 1560 65 mark And you kind of move to the downside In gold could see support coming to play in around this area here You know psychology important 1500 mark maybe just below that in at kind of 1492 1493 And even if you go below that support could be found in this zone here in around 1480 And as we can see recently seen a nice series of higher highs and higher lows Classic upper trend so buying on the dip has been a popular strategy So we do measure drift drift drift lower in the gold market. We could see fresh buyers enter the fold Sticking with the commodity theme looking at Brent crude oil now So obviously all has been with the markets has been impacted by the u.s. China trade situation particularly now that The u.s. Sorry apologies that that China is input is imposing tariffs on u.s. All on u.s. All being imported into China Concerns about the global economy of all the also added to concerns that the demand for for oil will be Dropped in the next few months and next few weeks in months So take a look here. The oil market has been a fresh product has been a fairly clear clear downward trend Even though in recent weeks you have measure press higher and we've seen a series of Higher lows the market has much as we can have failed and take out the highs of early of mid August And essentially why we remain below this red line here the truly moving average Which comes to play just just in around sixty four dollars and twenty three cents. Why we remain below it It's likely that the more kind of the wider downward trend of recent months is going to continue I feel express and lower from here We could look heading back down toward this area here down around fifty six dollars a barrel And if you have a size of break below that it could take us back down towards fifty two dollars a barrel but if you didn't manage to get a press on higher from here and We do measure can continue the kind of slightly upward trend that we've been seeing In recent kind of recent couple of weeks We could be looking at retesting this zone here the the tourney moving average and notice how it acted as for decent resistance In the HLI and if the metric actually the path makes it likely that it will do so in the future But if you do must take about take out The dirty moving average, they can look at retesting this area here and that comes back. That's the highs of If early July, I'm sorry mid-July rather and that's in around the sixty eight dollars and 18 cents mark Take a look at WTI so WTI Broadly speaking in recent months, especially since for the last five or six weeks in a fairly clear example of downward trend you know nice that my series of Lower highs along here granted. We have seen a couple of them. We have seen The lows of late August didn't take out the lowest of early August in the market is going to press you higher But it's almost like it's going to decide in which way it's going to turn next but ultimately if it holds below These these levels in here in around fifty seven dollars It's likely that that to get a bit more recent wider downward trend is going to continue And if you can afford all these areas here and take out the recent low in run fifty three It could take us back down toward this area here down on the fifty bucks per barrel zone If the market does match you're going to break above the kind of fifty seven metric We could be likely heading up towards the kind of sixty or up to sixty point eighty three mark up around here Coming on to some currencies the euro versus the US dollar first off So you've seen a continued weakness in the the euro versus the dollar We fell back together, you know multi-year lows on Friday the lows of today managed to take out Most much managed to take up those those it again. So now back at levels not seen I think it's about eighty thousand seven So it's levels not seen since made it out in seven to give indication of how weak the euro dollar market is So it's in a nice to the pretty clear-cut example of a downward trend And we're currently in it what on one spot oh nine fifty eight And if you continue to kind of press a lower from here We could be looking at going to head down towards the one spot oh nine mark if you did much to bounce back The resistance could be found in around the one spot eleven mark But we'd really need to be taking out this area here in a one spot eleven sixty four The highs of late August if you want to get any kind of standard chance of heading back up towards The highs of early August in at one spot mid 12 sorry one spot 12 49 in around this zone here and Lastly, we'll take a look at the British pound versus the US dollar. So Pound on has been a very clear example of a downward trend The market, you know, we did this stage a bit of a bounce back here between Kind of early or August to late August But the market appears to be turning over itself yet again I've seen you can pressing lower and if you look to drive lower from here I'm looking heading back down to come towards the other the one heading down towards 120 If you do, however, but I'm just gonna press on higher from here We could run into resistance potentially at this blue line here the 50 moving average and that comes to the play at one spot 2336 and if you go beyond that we could look at targeting this area here in on kind of one spot 24 region We did see a bit of consolidation in that area previously so makes it more likely you will be important in the future That's all for me in relation to this video if any comments to make in this video or any of the other videos We've met here at CMC markets. Please feel free to leave review of your news. Thank you very much


Good day, fellow investors. Today I start talking a little bit more about the new trend, the solar trend and battery storage. And I'll start as it is Sunday with the Sunday stock analysis and first solar. We'll discuss what we know about the company, what we don't know about the company and what's the risk reward there. Tomorrow I'll discuss the solar industry the day after tomorrow we'll begin to batteries. So stay tuned for the next three days as we discuss a disrupting trend in the energy environment. Let's start with first solar. The key points for first solar is that they intend to grow from 2000 megawatts to 7.6 megawatts of yearly production at the end exiting 2020, the CEO says. Their factories are built in Malaysia, Vietnam and the US. The difference between first solar and all other companies is that their cash position is huge and they have about 2.4 billion in cash, which is 33% of market cap. So they have cash and that's a key when you're investing in something. The net price therefore is 75 minus 25 in cash around 50 for the future. The key with first solar is, as I already said, the transition from phase four to phase six modules, which is expected to lead to lower production costs, better efficiencies and of course higher margins. On the company, the company has 8.3 gigawatts of bookings already distributed to 2020. So the cumulative production for the company will be 15 gigawatts over the next three years. As of the last conference called, the company says that they have already practically sold 11.8 gigawatts and they still need to book 3.2 over the next two and a half years and they expect that that can be easily done. I agree with that. So what you see is that the market has visibility into the next three years. The question is always what will happen beyond that. The key is that the fixed operating expenses will drive margin expansions and EPS up. As series six modules is already 40% cheaper than the series four. So what do we know? We know that first solar is a stable company has a lot of cash. We have visibility in the next three years. What will happen? And according to some analysts, and if you try to estimate those margins, the earnings per share will be below two this year, a little bit higher three next year and then between five and seven earnings per share in 2020. If everything goes as planned, but the plan is there. The prices are relatively stable. The visibility into the contracts are already there. So you can expect seven by 2020. However, we now have to see, okay, what we don't know, and that's what will happen after 2020 after the huge investment cycle has been done. Will first solar manage to keep the margin high? Will first solar manage to keep the bookings high? And will they manage to keep the $7 earnings or in the light of cyclicality of the solar earnings? Solar industry, will those earnings drop from seven to four to three to two? And that's what the market doesn't see. And that's why you might see first solar as a bargain, but it can also be a trap. Something very interesting for solar uses cadmium tellurid as its technology, which is different from the crystalline silicon used in most solar panels. So crystalline silicon costs more, has a little bit more efficiency, but first solar's technology is much cheaper to produce. Now, something very important for the solar industry is that their cost of what they sell, the cost of solar panels continues to decline. From 2010, the cost of solar panels has declined 80% and the trend continues to go down, down and down. This means that margins will always be under pressure. And that's the short term cyclicality that lasts a few years with the solar industry, which you have good earnings when things are going good as it is the key moment now for first solar. So they expect to have good earnings in the next three years. But then is always the question, okay, what will happen next? If the solar trend explodes next, then earnings will continue to go up. And you might as well, if in the next one, two years, first solar delivers and there is still visibility in the next two years, which is positive, first solar will be a $140, $150 stock, if that happens. On the other side, if there is margin squeezing, there is pressure on margins, they have oversupply, then first solar is in trouble. And we might also see negative earnings. And then you go down to the cash and the book value to the 50s to the 30s to the 20s, as it has been the case just a year ago, two years ago. Something very important to the solar, I'll also discuss it tomorrow in the solar trend analysis, is that solar prices really, this price of energy is really, really low at peak moment. And the key therefore is storage, which we will discuss the day after tomorrow. So something very interesting to keep in mind that solar, yes, produces energy, but you have to sell it at the profit and you have to be sure you can sell it like that. With minute to minute auctions of energy in the energy world, the solar prices, renewable prices drop to negative when there is now nowhere you can sell it because there is oversupply of energy. So that's something to keep in mind and the solution is of course storage. Now for the earnings model of first solar, I expect a maximum earnings per share of seven in 2020, 2021, that declines over to three over the long term as margins compress then it goes up again. So an average of around five, which gives me fair value intrinsic value for me, as I look always for 10% return at least of 50 plus the $25 sits as fair price of 75, which is where the stock is trading around now. So if you want to take advantage of the volatility because it can go up and down, then please do so, but keep an eye on the cycle quality of the sector, which is the key with stocks in the solar industry and also with first solar. Even if I think first solar is the best of the breed, huge cash, very, very, let's say conservative management because they are not doing crazy things, they are not acquiring and even a question in the last conference call was about, okay, what's there left? Where are you going to grow? Because first solar is everything is set stable, delivered, sold already practically. So that was the question, where are you going to grow? There are no crazy things with first solar, which is a big positive for a company and for the management, I think, but the market prefers crazy, I don't know, Tesla like promises to pump up the market cap. Not, they're not really looking at investments. So first solar is really a stock if you're looking to keep an eye on if you're looking at an investment in the industry. And then also, if you want to invest now just look at the risk reward and how it fits your portfolio. Thank you for watching, looking forward to your comments. If you want to read this in detail, it is published on my research platform, where is there is also the solar trend is published, you can see it as a preview. Thank you for watching, looking forward to your comments and I'll see you in the next video.