Hello, and welcome to the CMC markets Monday market update webinar with myself market analyst David Madden today's date is Monday the 38th of October And the time has just gone 12 15 p.m Now this as always with our webinars we start off by showing you the risk-burning slides at the top of the webinar This is just purely something to keep our compliance department happy It essentially states that any of the information or ideas or opinions that I give today are just my own personal views They should not be construed as explicit trading or investment advice This is just purely my commentary and analysis of what we may or may not see moves wise in the financial markets over the next few days or weeks So I'll just leave that there at front of you on screen due to have a read-through Your service is fairly straightforward as I mentioned, this is purely to keep our compliance department happy It is all very straightforward material to to go over We're kicking off with the webinar itself Once we get the last slide which is this slide out of the way in the next number of seconds As always with the webinars, I'll cover true the main events of the week What has happened in the last few days? What is what is what is you should keep an eye out for over the next five trading days? I'll cover the main markets. There's any markets that I have not covered. Please feel free to To mention those So taking a look at how things have started off on the trading session We've seen a broadly speaking within moves higher in Europe Obviously the FTSE is south of 7,500 but broadly speaking the European equity markets are a touch higher with the except Spain It's doing exceptionally well given what's going on in Catalonia But the markets in Germany or France and Italy are only marginally higher at the foot to the touch lower so this the Spanish market is a standoff performer and Given that the events that we saw on Friday, you can see why For those of you that didn't catch the news over the last few days essentially The Spanish Senate was and in put on Friday afternoon was due to cast its vote or whether to invoke article one 55 effectively implement direct rule in Catalonia from Madrid And I see Catalan's Nationalist separatists knew that was coming they took they took the decision while the park parliament was still Still in place to vote for independence, which they did but shortly after they voted for independence Because I knew the clock was ticking the Madrid government that is the Spanish Senate the upper house in the government in Spain decided to In our invoke article 55 and the impose direct rule that then turned around and the Catalan the president of Catalonia Has since been since been sacked and the Parliament Well at the Parliament itself as has has been shut down and direct rule has been imposed one of the a One of the newspapers of the weekend Lamont that they was pronounced the world in English Do they do they an opinion polls survey and it points you to a point to the Snap election has been announced has been announced for December 21st and For the time being the majority the the Catalan national majority The in the in the poll of the weekend indicated it the Catalonia national majority may actually lose a majority And we could even see a whole Parliament in the region Catalonia So automatically the markets are looking at that and going At the time being Madrid as rule of a Catalonia I'll also one of the one of the surveys that we have seen has actually Proved that you actually As I she pointed to that you could see the Catalan my separatists actually lose their position I'm after seeing here one individual Andrew said it. He can't do anything. Can anybody it can everybody else hear me? Okay, if you just please Respond that would be fantastic. I know at the very top of the webinar everyone has to hear me, but if you could please Reply in the box, that would be great. Is everything else, okay? Yes Harrison are excellent. Yeah, so it does appear that in relation to in relation to Individuals hearing I think everyone else can hear but I separate yourself If we could possibly which would suggest to me that There's any issue that you can't hear it might be on a new round is seeing as the as all the other participants on the webinar can hear, okay? So proceeding as I mentioned Catalan Parliament has been suspended and on the back of that what we have seen is that and also the call of a snap election on December 21st And a poll indicating the Catalan separatists may actually may actually lose their majority in the Parliament could actually point that that Poison direction that Catalan nationalism or separatism isn't as popular as one would actually suggest a further reason we see a push higher in this in the Spanish market I think a quick rundown of what's going on on the very different markets across Europe and as always with our webinar Any of the any of the major move marks that haven't covered we will then actually talk about what you need to keep an eye on terms of economic indicators and Corporate stories Taking a look now at the putsy-one hundred First off the part here the putsy-one hundred as you can see here as Has put as bounce back from the from the large sell-off that we saw at the back end of last week It's by and large. It's still it's the bullish move that it has been in place since mid since mid-september It's still in place the market has run on a bit of momentum here pull back here Into this price ratio here south of the seven thousand five hundred mark if we do to retake 7,500 the next level we can be looking towards in the upside will be the October high in around seven thousand five hundred sixty one And then north of that we will look into the all-time high at seven thousand five hundred and ninety nine Should we remain south of seven thousand five hundred we can be looking back down towards seven thousand four hundred and twenty five It's also kind of kind of coincides with both the one hundred a moving average and the fifth of the moving average So this could be an important price metric to keep my arm this region here Bearing a mind the market has been pushing higher since September which is still in place, but it is something to keep an eye out for Notice how momentum has been to the negative the last few sessions So the slip off here positive and and price to the south has also been mirror to make it firm for the decline in negative momentum Well, I'll quickly just going to run through are the as the is the before actually deeper talk further about the individuals individual markets I'll have a quick run through the week ahead. What is what is to look out for so if you go to our website? cmcmarkets.com under news and analysis Click on the news analysis tab from there if we go to the filter by third option down is the week ahead Give you a rundown of the major of the major corporate and economic announcements for the next few trading sessions So looking ahead to tomorrow. We've a interest rate decision from the bike of Japan We also have update from BP on Wednesday We've quarterly figures out from the electric car maker Tesla also Wednesday We have an update from third-quarter numbers. We've reported an update from Facebook in the United States Thursday, we both Quarterly numbers from Apple And also on Thursday in the daytime. We've been up. We have the back of English update is not mentioned here But it is covered in the economic calendar. We also have non-farm payrolls on Friday So quite a bit going on this week all the things which you got to keep an eye on which aren't necessarily fitting in perfectly To an economic calendar because they can't just crop up as things go along We could hear we could hear who that the next chairperson of the Federal Reserve is going to be this week Donald Trump allegedly Donald Trump's favorite for the job Is Jerome Powell? He was kind of quite neutral in terms of interest rates Interest rates hawkish dovishness. It's quite neutral and also Mr. Powell It is also in favor of bit more on the on the lax regulation side in comparison to other individuals It's also worth pointing out. We could hear further details of Mr. Trump's tax reforms this week So these are things which are also going to be keeping an eye off for we do have quite a lengthy List of companies that are reporting their quarterly numbers this week mastercard for as I mentioned and choose it we have updates from BP We also have a number numbers out here from Pfizer the best drug maker Scrolling down United States Steel on Wednesday. We have we have an update from Denny's We also have figures off from GoPro Groupon Heinz craft Heinz coming out on Wednesday on top of that Scrolling down as I mentioned Tesla looking at Thursday. We got we have a number of updates from BT. We also update from Apple Scrolling further down the list. We also we also have updated from Tate Lyle here in the UK and our Friday We got no major companies reporting in their numbers So while the one of us is languishing below 7,500 and they're slightly in the red The German market is continued to be in quite decent shape only on Friday We saw a record all fresh all-time high for the Germany 30 as we call it here I see and see the tax as it's known What one the market is is hitting on fresh all-time highs that really tells you that the sentiment that isn't that is That is in place so the bullet sentiment for the Germany 30 is not very much in play If you do see any pullbacks We could see a pullback into this price here the low of Friday coming into play at 13,153 South of that this area here Which would be the one of the former peaks of October coming to play at 13,095 So this if you do see any pullbacks, we may see some We may see some buyers enter the fold in around these two price areas Bearing in mind as I mentioned in an all-time higher Friday sentiment is clearly And the sentiment is clearly is with the polls So let us watch out for to the upside because it is a fresh territory Territory can be keeping I out for psychological psychological numbers such as 13,000 300 400 500 and so on and so forth also this work noting the relatively weak euro for the last the last few days is Helping the eurozone equity markets as well Keeping an eye now on the Spanish 35 the ibex 35. This has been quite an interesting one Because the Spanish market has been coming off since May long before and the Catalan separatist really Up the ante in the last month or so. So the Spanish market was already in decline and notice how even in October But it was already in decline and and unlike the the facts in Germany It didn't get a good break up to the upside it was pushing steadily lower throughout month throughout the summer months And on quite a few occasions this line here the fifth of the moving average acted as resistance To potential or to attempts to try and drive the market higher Now that we've clearly moved well above that this level now The fifth of the moving average at ten thousand two hundred and sixty seven may now actually act as support Now that we've cleared that metric So if you do take out this level here the 100 a moving average because it did act as resistance and support back in July If you do take out the one of the moving average at ten thousand four hundred twenty-two We could see the market push higher and what potential level to watch out for to the upside will be one of the one of that when they had mid-august high at ten thousand five hundred and seventy six and then beyond that the august high itself of ten thousand seven hundred and fifty eight But that's just looking at the at the upside and notice as well how momentum Look at that the MacDian Decatur and the momentum component has swung to positive So as the markets moving higher that's being confirmed by this by the upturn in positive momentum I will ask you the question in relation to the the the CMC earnings report in just in just one second But while I'm going through the the the chart on the on the I of X 35 So as I mentioned as the markets pushing higher that's being confirmed by a rise in positive momentum But if we do see a decline In the Spanish 35 in the I of X 35 We may find support in around the fifth day moving average seeing as it actually managed to Quite successfully active positions over the summer months. So keep an eye on ten thousand two hundred and sixty six If we do dip below that level next air potential area of support We're coming to this this region here It's not a precise number, but it's a price region at ten thousand one hundred throughout October just north of ten thousand one hundred Active as fairly decent support a lot of buyers come into the fold just north of ten thousand one hundred So moves lower. We could even actually see We could see some buying power buying pressure committed support it came in play committed play around then 10,100 next ever to watch out for the downside will potentially be the October low here Just saw at a price of ten thousand so nine thousand eight hundred and sixty six In relation to the questionnaire, where can we find the earnings report? CMC doesn't make the available do they we don't actually allow the actual earnings report itself What what we do is we just point out the day What we just point out what data they are going to be reporting obviously broadly speaking in the United Kingdom British companies use your report at seven a.m. That isn't always the case some companies like HSBC had their other numbers out Around 3 a.m. Clack so Smith's line some of the pharmaceuticals off top my head sometimes report around midday Broadly speaking at 7 a.m. Is the time in the United States some companies report before the market opens Which often and it could be anything from Of two or three hours. Okay, that's the clock changing in the United States By the clocks change have influenced things ever so slightly usually We get we get us numbers coming out from around 11 in the morning to around half one Well, given that the clocks have changed in the UK and they haven't changed in the US yet What we could see is that we could see a scenario whereby numbers in the US were coming out as early as 10 a.m. Up to half 11 To be honest we here at CMC Yes in relation to Where where our news typically published Bloomberg if it quite frankly there are several different articles you are Usually you will see an update and see and they see usually will see an update from Bloomberg Even the financial times a telegraph to Wall Street Journal. There are lots of publications out there. I was quite frankly I was just suggest Going to Google and just typing in the name of the company and look under Google news They're not me quite quick to um to have an article even if it isn't too detailed CMBC have an alert system for by as soon as news alerts Get published they get pinged out fairly quickly So I'll keep an eye on that in terms of action news flows But of course you here at CMC. We don't push out that those details We will just we will talk about when they when they come out On our economic calendar also follow us on Twitter as well Keep an eye on our Twitter handles because some of the corporate events they could think that As they unfold we will often tweet about the companies and the numbers that they have Okay, turning our attention now to the US indices Quick run run down of what's going on and the US markets the US markets are Exceptions strong as you can see here the Dow Jones has been going on to hit Well, what a string of record highs the market is if you're kind of running out a bit out of steam And it is also worth pointing out If you look at the positive at the positive momentum on the MACD indicator You can see as the market isn't really edging any higher We can see positive momentum is in decline could be a nerdy warning sign that mark at the bulls are kind of Posing or running out of steam and we may see a bit of a pullback, but keep bearing in mind It is this is a solid upward trend. So the big picture Is still to the upside But it's I'm just this is just an indication of them They decline your positive momentum It could be nerdy warning that we may see a bit of a pullback and if you do to see a pullback We may see some buyers enter the fold Levels to watch out for for potential pullbacks this level here below of Wednesday comes into play at 23,000 249 and then south of that below from last from two-thirds days ago It at 23,000 the figure itself. So these are areas we potentially see the market pullback to should we see and move lower in the Dow Jones The S&P 500 it's a fairly similar situation whereby we saw quite a few records being being reached then and then what we saw was we did see a Week we saw a bit of a pullback on a few occasions So as you can see here the first thing you notice in the chart It's almost of a kind of a broadly speaking of 45 degree line roughly the markets in a solid upward trend And we as you can see here as the market is edging higher work Eeking out fresh all-time highs fresh all-time. I was created last Friday And we're not too far away from that today after the weekend What I will say to you is it's a bit concerning that when the market is pushing higher creating all-time fresh all-time highs And we're seeing That they will be momentum from the back the indicator actually in negative territory That is that is a bit more that is a bit worrisome or right That could be an early indication that we could see a bit of a pullback And notice how we have seen size the pullbacks in the past before creating fresh all-time highs So similar we saw in August mark went to an all-time high pullback before you before we pushed higher For example, if it could this check this this this this candle here from Tuesday the 8th of August What do we notice the market pushes higher Chris is all-time high goes through a bit of a plateau phase Positive momentum on the Mackey indicator is steady declining even swings into negative territory Manages to kind of jolt higher slightly create a fresh all-time high While the market is clearly in negative negative momentum What was that a foreshadow to is a foreshadow to quite a sizable correction in the s and p 500 But once again before the resumption of the wider upward trend so We may see a That being reflect here whereby the market is pushed to an all-time high We have the momentum is sitting in negative territory So we could see a bit of a shakeout of some of the stocks So we could head south down towards 2560 5544 or maybe even down as low as 2531, but the big trend is looked at the upside So traders as this fresh territory are going to look at towards numbers like 2600 a big psychological number, which we're not too far away at the moment Well seeing as we have quite a positive run On european and us equities is quite the opposite for gold gold Has been a decline since basically for about six weeks now since early september Coming up in two months actually because early september Had a 13 month high here and there's been a fairly consistent downward trend ever since We did see a bit of a pullback here, but the market has turned over over on itself yet again Combination of things risk on strata risk on attitude by traders We mentioned all-time highs in the DAX S&P and the Dow Jones in all in the last week or 10 days some of them even more recent than that bit of a bit of a push higher in the u.s. Dollar speculation over a new Fed reserve chairman also the The relative weakness of the euro in relation to the ECB update last week has also led to a bit of a kind of a Strength in the u.s. Dollar. So obviously interest relationship between perception around Fed rates and the strength of the greenback and pushing Weighing on the price of gold And notice how last week gold seemed to be a lot of consolidation in around the Waterday moving average when gold was was moving south in september It hung around the water day moving average at a fairly sizable break below it And then the active support on the way up on the kind of on the bounce back from the sell-off in september On the way down again It's been quite a bit of time trading in around Or just the just north of the water day moving average which comes to play in around 1275 But now that we seem to have kind of broken below that could be indication now that the water day moving average at 1275 May now act as resistance For the price of gold If you do if gold if gold does remain below 1275 water day moving average We could then look back. We then potentially are back towards 1260 Uh, or just north of 1260 was the october low and also kind of coincides nicely Where the two day moving average would come into play in around the 1260 region And notice how as the price is falling we're also seeing an increase in negative momentum So the negative has the momentum confirms the direction of the price of the price of gold Should we trade uh, should we see a break below 1260? The next level to watch out for the downside Could we saw that a consolidation in the 1230 region here back in july and south of that if you go below 1230 We could be a little back and towards the july low of 1204 But if you do manage to retake The water day moving average at 1275 levels to watch out for to the upside would be this price here on the october high 1306 and then north of that you could look into our 1316 and 1334 As I mentioned At the beginning of the webinar we do have an update from the from the united states this week Big one to watch out for non farm payrolls I've been as potential to be very volatile for the gold market and also a server We should be covering now in one a second time Keeping on a server as you can see it's a fairly similar chart to to gold It had a monthly month highs here in september and we saw we saw the market push lower on Back to its lowest level since since the previous month in august the market bounced higher and has been selling off steadily ever since Similar to gold it was getting support from the water day moving average in around this price here last week Which comes into play in around the 16 spot 85 and now of course we're actually south of that metric So that 16 spot 85 the water day moving average may now well act as resistance to move higher And should we remain south of that metric the next potential level to watch out for to the downside would be the october low In a 16 spot 33 and then south of that at 16 spot 13 And if you take out that we can then be looking back towards some of the some of the lows in july in a 15 spot 61 and then south of that 15 spot 0 6 But obviously if you manage to take out take out the moving back north of the 100 day 100 day moving average No, we could be looking towards this price action here around the 30 moving average at 17 spot 81 And then beyond that we'd be looking towards the october high of 17 spot 46 Taking a look now at the oil market's Brent was on to hit a 28th month high So the momentum is clearly with the bulls and as you can see here As I mentioned 28 month high gets indication of how Which way the sentiment is Taking a look here at the uh at the low since june broadly speaking it's been a nice solid upward trend Fair enough that all the market is quite choppy. So when the market has pulled back you do see some Quite sharp jobs higher, but you also see some quite swift moves lower when the market does turn around But broadly speaking it's a nice solid upward trend we've been in since july We hit a 28 month high today We can see here As the market was pushing higher the last few days It's swung the momentum swung from being a negative to positive and it's actually been growing So you can be more confident that the move is going to last So we're looking up to the upside 61 dollars a barrel 62 dollars a barrel of the um the dollar handles Worth keeping an eye out for the price of Brent I meant to click on a And the next big one to watch out for to the upside is going to be the 200 week Moving average which comes into play at 62 dollars and 91 cents That's going to be the big of the watch out for so we got we got 61 62 and 62 92 to the upside for wti What you do want to see and it's also going to confirm the boat charts here Solid as the market was moving positive on a weekly chart here And I saw an increase in positive momentum and then we flip over to a daily to a daily chart Now you can see that as I mentioned in the last few days It swung from being a negative territory to positive territory. So you can be more confident the move is going to last If we do see any pullbacks We could find support in at 60 dollars a barrel south of that in a 59 51 And then below that back towards 48 dollars a barrel So we did see quite a it was a very popular strategy to buy the dip strategy over the last two months See the potential areas we could see Buying buyer stepping into the fold should we see a downturn? Looking now over at wti. I said a month multi month high not not as aggressive as brent But that the chart doesn't look too dissimilar Our first thing you notice here is that it's traded north of the april high So we're not at a highest level not seen since kind of since uh made of this year Similar to brent looking at the lows from late june Broad you speaking a nice push higher Uh, we're at a multi month. We're at a multi month high Positive momentum is really taken off and asked to use sessions So you can be more confident that the upper move is going to continue So at the time being positive are going to be fixated on the February high of 54 dollars and 63 cents this price here And a move north of that will then bring traders looking towards 56 dollars and 56 55 dollars and 56 dollars Similar again keep an eye out on the 200 week moving average at 58 dollars and 75 cents It's obviously a bit further away than brent is from its 200 week moving average But it's going to be a big level to keep an eye out for We'll have a look now if should we see any downside moves in in wti Where we could potentially find some support So we're pretty much at that level now not too far away from now Which is the uh, which comes which is coincides with the april high of 85 dollars. So 80 topologies 53 dollars and 85 cents And then south of that we're coming back towards 53 bucks a barrel or this this high here from september At 52 dollars and 53 cents These are potential levels We could see some buyers stepping it in the fold if we do see it a bit of a pullback in the price of wti Just having a look now I'll have a look now at a couple at the um, a boat uh, the nasdaq and also the um The price of apple in just a couple minutes time and as well. I quickly run through some fx pairs first of all Turning our attention to the us dollar versus sorry the euro versus the us dollar We could be looking at if a potential head and shoulders top reversal pattern on the on the on the euro dollar for those of you that that don't know that um that um particular chair pattern from technical analysis in effect. This is the a snapshot here taken from stock charts dot com It effectively it effectively shows you head and shoulders for buy the market rallies to one point here Creating the left shoulder has a pullback down to here Pushes on higher here creates a head and then that head then the correction of that head goes back here Not too dissimilar to the reaction lows from the first shoulder. So creating creating a neckline along here Market push is higher here again for the crit right shoulder and the right shoulder does not take out The the height of the head so kind of creates almost as the as the name suggests kind of a head and shoulders Is what appears to be appears on the chart and then The market then breaks back below What's called the neckline here when you draw a line between the reaction lows from the left shoulder and the head And it pushes lower. It's not uncommon for the market to After breaks below the neckline to return to the neckline before we see another set off again and in terms of rough price Target prediction The you measure the price action the price distance between the Height of the head and the neckline and then you project that to the downside once once it breaks south here That's a very quick rough rundown of the head and shoulders top reversal pattern And if you just look at this chart here on the euro dollar the market pushed higher here creating the left shoulder pulls back to a reaction those after the correction of the Creating a multi multi-year height Pushes higher here creates a head at this price here at say 1292 then just back lower again In around to the 116 70 region the reaction low of the head pushes higher here Tops doesn't even get as high as 119 and then looks to actually push lower yet again and as you can as I pointed out The the right shoulder didn't get anywhere near as high as as the head and if you notice The the neckline when you could join the dots and draw a light parallel line across From the reaction nose of the left shoulder and the reaction nose from the head comes into play in around the 116 70 level now We've actually dipped back you actually dip below that and as I mentioned It's not uncommon for the market once it breaks below the neckline to move back up the neckline Before potentially moving south again as I stated The trembling price targets on head and shoulder top reversal of what you do If you take the high of the head which comes to play at 1292 And then subtract that from where the neckline is in around 116 70 you're talking over 400 pips there and you can project that to the downside so take an over 400 pips South of 116 70 we'll bring it back back down Towards kind of the one to 112 South of 112 But as you go south towards 112 you will come into you will come into a couple of areas where we saw some consolidation So it's the price consolidation in around the 113 mark looking at the 30 moving average The 30 moving average comes into 112 50 that could be a stumbling block or else or else 112 itself. So We could be looking at a reversal head head and shoulder top pattern on the on the euro dollar and The textbook price target would tell you it's somewhere in around the in around the price target would be somewhere sub 112 But as you as you pointed out heading back towards sub 112 We could we could potentially encourage some support in at 113 or at 112 50 I'll quickly run through what's going on and the pound versus the The pound versus the u.s dollar Pond us bearing in mind we do the bank of england update this week There's I think there's probably more traders than than than not expecting a rate rise from the bank of england this week A lot of us are being kind of priced in So if you don't see a rate like from the bank of england we could potentially see a big sell-off in the Price of the pound bearing amount footsie 100 is very Sensitive to fluctuations in the British pound. So in our direction, we see a move on the British pound to keep an eye on the footsie 100 Broadly speaking if you look here from the lows in March The pound is being kind of creating higher highs and higher lows We haven't had it's in a really tight range On the on the pound versus the u.s dollar in the last few weeks Uh, but at the same time we're still above the one or two moving average and the one or two moving average did act as support Uh on a few occasions within the last few months. So why would we remain north of the one or two moving average at 130 06? It's likely we could see it's potentially Potentially see a further move higher a wider continuation of the wider positive movement on the pound versus the u.s dollar One of the areas that we need to actually overtake initially will be this area here 132 67 and then beyond that the october high at 133 35 And then beyond that we saw some price consolidation in around the 134 52 level And then then of course looking looking beyond that again will be the september high of 136 59 Should we move south of the fifth of the 100 day moving average at 130 06? We can then bring us back down towards 129 or even down towards the maturity moving average at 128 43 Turning our attention now to the euro versus the British pound euro sterling It's broadly been moving higher the last number of months But not to the simmer to the pound versus the u.s. Dollar has been in a relatively tight range the last few the last few The last few weeks and the market is Is size is clearly below the one or two moving average Which did seem to act as a bit of a consolidation area and also notice how the failed to take out the 50 day moving average on a couple of occasions So the market could be turning over on itself And as I mentioned the there's been a broad sell-off in the euro ever since Thursday's update The by the european central bank So we've been pushing lower on the euro versus the British pound as you can see the price has been largely lower Looking at the momentum indicator apart on the MACD We can see that momentum is positive momentum declined and actually swung into negative territories We're confirming with the negative move We could see some support come into play at the 100 day moving opportunity moving average Which is in this price here in around 80 side zero spot 8755 and if you go south of that we can then be looking back down towards zero spot 8600 Notice how the market actually stopped short on the turning moving average here in september And it did act as well both support resistance and then support back in In the in bay time. So that's why it's a it has acted as support resistance previously So as it has formed it may act as a support to the downward move that we're currently seeing here Move to the upside the first big level need to take out will be the 100 day moving average at zero spot 8 941 and then beyond that the 50 day moving average which has acted as resistance on a couple of occasions this one Payed at zero spot eight nine 75 and then what we've got beyond that. We've been looking towards zero spot nine We're looking towards 90 pence and then we're looking towards zero spot nine one zero zero Keeping an eye now to have a turning our attention now to the us dollar versus the japanese yen Just one second there, please Since september uh early september the dollar yen has been pushing higher shinsa wabi Has remained as prime minister of japan He's very much in favor of doing all the takes to get to get inflation Basically off off off the ground in japan Stimulantly use whenever a stimulus accounts. We've seen quite a decent depreciation in the end on the back of that also as i mentioned the united states has um Is looking to select a new head of central bank it could be looking towards your own powell Some of the us indicators have been strong recently. We've done for apparels coming off this friday. So keep an eye out for that So while the market has been pushing higher I failed to take out the july high at one of 14 49s with that That's something to keep an eye on but it could just be the market putting back before potentially the next move higher If you do take out one of 14 49 on dollar yen the next level to watch out for will will be um This level back here from back in january in at one 15 62 and then beyond that we also looking looking towards about about about the 117 118 region on that Notice how as the market has Come off here. We have seen a bit of a slight decline in positive momentum So we could see a bit of a pullback perhaps maybe towards 113 Everybody back towards 112 or maybe back down towards the 100 day utility moving average at 111 spot 74 But the trend has been very consistently higher for the last say six or seven weeks run a multi. We've hit a multi month high Only only on friday. So I would suggest that kind of the wider upper trend is is likely to stay in place I'll take a look now at the nasdaq 100 which at which had a great day in friday given the updates He had an alphabet google zonder Microsoft and also amazon given that At the market hate a as well. It's pretty much not too far away from An all-time high I would say I would be I'll be cautious About looking at taking a taking a short position From a call at a top too early on the on the nasdaq 100 the market has i've been pushing higher saw that upward trend if you notice here how the The momentum swung from negative here into positive and it's been a quite a common theme that we've seen on the on the nasdaq for a number of for a number of months now markets pushes higher Well, I one of the reason why I use a maxi indicator is that we can see where the momentum is and while the market was pushing higher here We saw the market create higher highs all along here But the momentum indicator was steadily declining and then of course what we see a large Large drop-off large sell-off put only only a correction of the rally to want to push another high here Simmer similar situation here market has quite an intense sell-off and you get that's reflected by the by the steady increase In negative momentum and then as market pushes higher again. What do we see? We saw something similar on the sqp 500 for the market was on it's an all-time high It's an all-time high and quite steadily declining the momentum and what does that do we see a bit of a correction here back Pulled back a few hundred points only to go on a new all-time high so And the way I see it is that marketing going on that the wider trend of of of moving to the upside is still is in place and at the same time Positive momentum is actually expanding So if you are going to use If you are going to have an indication of what could be nearly indication of a bit of a of a bit of a sell-off In the nest like 100 I would I would keep an eye on the maxi indicator. We may if you see divergence between Uh on a positive momentum declining or even even increasing negative momentum by the price is moving up That could be an early warning sign and we're in for a bit of a correction, but While while the market is creating all-time highs and it's in positive positive momentum Uh, we could it is likely that we could see additional, um All-time highs being created on the on the nasdaq in relation to apple of course have numbers coming out Have numbers coming out On thursday People were quite downbeat about about tech stocks. They were people were afraid this sell-off that we saw here Was because we saw a lot of concern that the tech earnings were going to live up to expectations And if you look at alphabet google's owner microsoft and amazon the old Has steadily increased in profit steadily increased in revenue and all exceeded expectations And that's precisely why we saw this number here I don't just saying if there are some concerns in relation to In relation to iphone sales china And and india have their own smartphones, which are kind of Gobbling up some of the competition from from From the products from apple roles is seeing a bit of a kind of a saturation of the iphone market in the kind of western world You know people aren't necessarily changing their their smartphone as quickly as they once were so we could see We could see a bit of a dip potentially on iphone sales But it's obviously going to be an important factor in the the apple numbers are going to be a big player What we see out of the movement in the nasdaq But I will say this bearing in mind people were concerned about expectations being too high going into apple microsoft And amazon and look what happened there market Cleared up on friday I'm not a great record highs It's actually good timing that the german numbers come out just here and give me give me a moment Give me a hint to show you on our platform where we have our economic indicators What you can do on our trading platform Is go to the market poll section click on market calendar And this here is an economic calendar of all the major economic events that are that are planned for the week What you could notice how that the economic data just actually appeared on my screen as the numbers came out If you on the right hand tab here if you click on the alert What you could do is the alert will just automatically if you've got the trading platform open The alert will just ping up on your screens. You don't have to worry about missing economic indicators It'll show you a breakdown of the numbers What what the actual number is in this case german cpi came in at 1.6 percent The consensus that the forecast was for a reading of 1.7 percent and the prior reading in the previous reading was 1.8 percent So it's obviously very useful information And because the full breakdown of what we can expect we even actually give a rating here red being the most important And then obviously other other other colors and dots indicate that it isn't as important But I'll follow to you if you're if you're gonna be trading the financial markets You know what economic indicators are coming out what time what the prior reading was and what the consensus was as you can see here We have a we have the we have the alerts tab set up here So if you want to keep an eye out if you want to be kept in the loop You don't have to actually worry about Keeping an eye on the screen while it comes out just take this this alert here and then it'll actually automatically keep resetting for you Keep as I mentioned Bank of England have a great decision at 12 o'clock high noon on thursday And looking ahead to friday we can quick scan of what we could expect from the non-farm payrolls Speaking which I'll be talking about our seminars and webinars In just one second because we do have one for non-farm payrolls We are looking for we're expecting a number of three hundred fifteen thousand to be added for the payrolls That's and because because our clocks have changed and the americans clocks haven't changed as of yet That is why it's going to be out at half 12 this friday rather than the usual time of half one So now you know we're the fine economic indicators. I'll show you on a platform as well Some of the charts that i've even covered up myself in this webinar If you go to the market pulse and click on chart forum third option down This is the chart forum here You will get a rundown of Archometry analysis a few hundred words are written about a particular chart And some of the stuff that I use in this webinar was actually as early on the on the chart forum and Keep an eye on that that that has updated several times throughout the day Market insight here click on mark click on the market pulse Second option down some of the articles that we write and some of the some of the economic data alerts get posted to The inside section and the other ones that don't get up that posted the inside get posted to our the news site Our this is on the website itself So if you go to cmcmarkets.com under news analysis You can see here on over the topic they give you the most most popular and most most recent articles of Myself and other analysts here at cmc have written And uh, lastly before I wrap wrap wrap up this webinar I just want to point out that we do have other events on the horizon On wednesday wednesday coming wednesday at the first of november At 1930 greenwich mean time, but uh, london uk time We have a webinar covering live index trading and covering the key global indices And as I mentioned, we have non-farm payrolls coming up this friday friday the third of november So that means therefore we will be having a webinar covering the non-farm payrolls our webinar starts at 12 15 Because the numbers come out at 12 at half 12 So on friday the third of november 12 15 greenwich mean time uk time We're going to be having an update. We're going to be having the non-farm payrolls webinar And then as we do every monday at 12 15 Monday the 6th november this day week I'll be back. I'll be back in the hot seat covering the weekly market update Um, thank you very much for your your your your your attention Please sign up for other other webinars. Please contact us on twitter if you have any questions in relation to what's going on in the news and the markets I've been div madden. Thank you from everyone here at cmc markets. Have a good trading week and good luck Yes, there is going to be a recording of the webinar. Yes, you're very welcome to serve me In relation to the webinar In and within the next hour or so I will be tweeting it out a copy of this webinar And I will also I'll go back to show you Market insight market insight can be found by clicking on market pulse Second option down. I have the tab open right here already in about an hour's time I'm going to have a copy of the youtube video of this webinar made and it's going to be I'm going to tweet it out for myself And it's also going to be on the insight to keep an eye out for that You're very welcome. Have a good trading week and good luck


Welcome back here to the channel. As you can see, we have a new box, NRG Innovations. We have one of the new lightweight sim wheels that we're gonna be taking a look at today and seeing how actually light they are. So without further ado, let's see which wheel I've chosen. As you can see, also beautiful packaging, as always from NRG Innovations. And the wheel we've chosen is this right here. And that's this Nirochrome scale styled lightweight sim racing wheel. Definitely a very sweet looking wheel. And of course we have the horn button and everything in the box. So we're gonna take a look at actually how light is this wheel compared to my plethora of NRG Innovations wheels. Oh, we're dropping some formula drift cars. We have my Alcatara suede, my Alcatara suede and deep dish. And of course the OG Mint Green and Nirochrome. We're gonna put a new little rabbit on there. It's kind of coming off. So we're gonna take the weight of basically all these wheels and we're gonna be checking it compared to the new lightweight sim wheel. So we're gonna grab a scale over here. The rim is definitely very beautiful and awesome looking. We're gonna open it up, take a look at it and see exactly how light this actually is. So let's open this up, get the scale out here and we'll continue from there. All right, so we did open up the wheel and as you can see the Nirochrome and scaling and that NRG logo that is implemented into there. We have a nice leather finish on the wheel as well as a very beautiful grip on the back for finger grips and of course thumb grips for when you're doing racing It's extremely light off the grab. How light is it actually compared to other wheels? So we set this one aside over there and we're gonna start with my Alcaterra and Suede wheel that they sent me. We're going to put that on there. And if you can't, slide it over there. It's two pounds and two ounces for two pounds, 2.0 ounces on that Alcaterra Suede wheel with no dish. So pretty hefty wheel. This is one of the ones the rims they did send me as well as the other Alcaterra Suede NRG. Big thank you to them. So before we continue, we should guys check out their new NRG Innovations website with all the information on all the new sim gear and everything. It is live. So make sure you guys check out the new NRG website www.getnrg.com, g-e-t-n-r-g.com of course. So next rim on the block is the deep dish Alcaterra and Suede wheel. So let's take a look at that one. Set that one back there so we can actually see the weight. Two pounds, 1.6 ounces. So a little bit lighter than the first wheel that we measured. So, and it probably has to do with this is solid thick spokes, no cutouts. And this one has of course, you know, the cutouts in the spokes. So, the OG Mint Green and Neuro Chrome wheel. The original wheel that I had on the channel, this one comes in at two pounds, 0.8 ounces. So, how light is the new wheel compared to those? The new lightweight sim wheels that I have from them comes in at a whopping 1 pound, 3.8 ounces. So a good pound lighter than the predecessor wheels that I was using. So it's definitely a huge weight loss for this wheel. Now how does this compare to say the Factor G920 wheel? Well, we have one of those, so we're gonna take a look at that. We're gonna put that one over there. So this is the Fanatec wheel that came on my Fanatec setup. And this wheel is pretty hefty, actually. This wheel is a one pound, 14 ounces. So it's a pretty hefty wheel. Now, Factor G920 wheel. We still haven't had Factor G920 wheel because this is what you'd be taking off a G920 to put this on. So just for reference sake, 1 pound, 3 ounces, 3.8 ounces. Factor G920 wheel with the center hub, 1 pound, 0.9 ounces. So, 350 millimeter lightweight energy innovations wheel is actually a very good wheel. Actually just as light as the Factor G920 wheel. So will this put wear and tear on your G920? I don't think so at all because it weighs about the same. So with that being said, let's get this on the rig, take it for a rip and actually feel how this feels because it's definitely a lot lighter. I definitely love how the rim looks and feels. So we're gonna put it on the rig and we're gonna go for a full send on it. So let's hop over to the sim rig, get this mounted on the wheel and go full send sideways. All right, so we are on the simulator. We do have the wheel all hooked up onto our fan-detect base. We just hooked it on with the screws without having, whether we've been putting the bezeling or anything on it right now, this is just gonna be a first impression, the first impression of the wheel. It's solid, it doesn't move, it doesn't flex. There was, I was, you know, pleasantly surprised with how it feels. I love the, you know, the leather feel and it's kind of a good grippy feel. So we do have it on here. We are at a track that you guys all know on the channel, Aussie Driftland and in car you all know and that is my 350Z. So we're gonna take this for the first rip with how everything I have it set now. I'm not sure if we're gonna have to adjust our force feedback or turn it down some but we're definitely gonna see. So let's go full send. We're gonna drop that a little bit. There we go. So we're gonna go full send here at Aussie. Oh, I can already tell that there is, you can see the wheel kind of has a little twitch to it because of how high the force feedback is. So I think we're gonna have to dial the feedback back because, you know, a couple of pound difference makes a huge difference in how the wheel rotates and reacts. So, oh yeah. The wheel response is actually much quicker. As you can see it's kind of got a little twitch to it and I think that's because it's rotating so, so much easier. You know, it would definitely be very more pronounced on say a G920 or things of that nature but this wheel is definitely very, very light. So, I think I have a sticker back here. Yep, yep. It was a quality control sticker I was feeling on the back of the wheel. So we're gonna dial our feedback actually back on our Fanatec wheel. We are actually 75%. So we're gonna dial it back to 60 and see if that works because if we can dial our force feedback back a little bit, it's gonna make everything feel much nicer. Oh yeah, it definitely rotates much quicker and much easier. Definitely super excited to have this wheel on my rig now. You know, energy innovations coming out with the lightweight sim wheels making it less stress on your rig and feel all the torque from your wheel. You can feel every little, like I guess bump and crack on this car right now because without the base having to throw such a heavy wheel around, you know, it's gonna be able to utilize its force feedback better and you know, energy did a great job with, you know, making the wheels light as possible but still very sturdy. And I'm, you know, I like the grip feel of it. The leather slide into my hands is definitely a cool thing because I'm so used to the suede wheels. So I wanted a leather style wheel. So this is kind of, you know, great to have leather style wheel, you know, in my arsenal of wheels because we all know you can have too many wheels. And I think that was the correct force feedback change that I needed to make. And I love the black with the scaled style neurochrome in the middle.  So you can put a full size rim on your rig as well. And with the lightweight wheels, you know, definitely going to be a great addition to the sim rig. I, like I said, I'm giving these two of these other rims to my teammates. One of them is rocking a thrust master and they always rocking a G920. So I'll be getting their impressions and stuff on the wheel as well once they start running them. So I may pull out the G920 and throw this on my G920 as well. But so may she just follow me on all social media all which found in the description box below. I hope you guys enjoyed this little video, this little tidbit of the new sim wheel that is on the rig here for the channel. You can be doing a lot more with this wheel and things of that nature. I'm getting the flow of it. So make sure you follow me on all social media all which are found in the description box below. As always, I thank you guys for coming back and watching Hot People Rabbit. I'll see you guys on the track.


Did you know that the very first course that I taught in 2009 was about how to use LinkedIn to grow your visibility and your business? Most of my students even back then were holistic practitioners such as coaches and healers. So I helped them to optimize their LinkedIn profile and their use of LinkedIn so that they could be more top of mind for their network so that they can get more client inquiries and more opportunities professionally. Well, I have taught that LinkedIn course every couple years since then. And I'm excited to announce that next week is my newest version of my LinkedIn marketing course. This time I'm also going to add how to use ads on LinkedIn, paid ads to reach a lot more of the people that you like your content and offers to be shown to. So I'm excited for this. We're going to actually do the work together and not just talk about it. Check out the link in the description of the video.


I might want to get you to all know me, and I'm doing this talk about unit tennis stuff. Well, I'm in front of this get-to-moment and fairly active as application manager, so I have a little bit of experience in this area. And, well, I didn't want to hold this talk, so the first slide is about not holding it. Well, that was a hard one. I could slide about not holding talks, a short introduction to the human process, what people change, and this slide I just did a few hours ago because some things were missing and I wanted to just put some in and discuss a little bit. Okay, not holding talks. Very important. It's not a good idea to know people who have scandals, so just run away. I gave up after like five minutes, and that's why I'm standing here.  Now, the real talk. We need a new container process. There was a presentation at that conf which was quite good and described why we need this complex process and complex checks, and if anyone doesn't know about it, he should just fetch the video and everything is okay. Just a few main points. We need new people who want to help deep end because all people draw out and the distribution is growing all the time. On the other hand, it's not a good place. We can't give out accounts just because we want because it's a quick thing. Security problems on our machines, which isn't good. And we have quality assurance problems because not everybody who wants to help really knows what he's doing. It's not a problem, they can learn, but we can't give them up on permissions instantly. The last point is a bit complicated. I personally think it's important to keep the number of developers relatively low. So we have at least, well, we should know everybody who is working on this project. Not personally, but we should have an idea who this person is, who he's doing and probably should have already talked with the PRC only. It's my personal idea of the project, but that's probably not what most people think. Security process, it's fairly easy. We have interested persons, they need already existing developers, they advocate them and after like four months at the moment, they get an application manager. That's not planned actually. It should be possible to get an application manager very fast. Well, I shouldn't do that all the time. We aim to ensure that people have the same philosophical background as we have. So there's a part of the process which just checks knowledge about free software and whatever it's related to that. And the other part is checking that they are actually able to have the project. That's not so important in one aspect because it's just needed to give a reasoning to give someone a count, but why should you give a count for people who don't have it? After the application manager has finished the checks, the report is created. Frontest checks it, which is not very useful at the moment. The account manager checks it a few months later and creates an account after that. Well, I can't finish it at the moment because it's not able to create accounts. The actual checks are not very good in my opinion. We have a lot of questions. Most of them are used to do, like, what would you do if, which is not very interesting, doesn't help very much and just shows that people are able to read the documentation. No, it shows that they are not, but... Yeah. There are obviously enough people who are not able to read the documentation. So, it has its advantages. There are a few tasks added in the last 18 months or so. The documentation thing is fairly old. I added the fix in RCBAC and do some work and prepare an improvement and stuff like that to see that people are actually able to perform the duties as developer. The last thing is something most applicants don't know about application managers are supposed to look at other work, not only at the packages that are submitted to the application manager, but also to see what they are doing in the BTS and how they are interacting with other developers, past users and back submitters and stuff like that. It's not included in the wrapper at the moment, which is not very good, I think, but I'm planning to change it in the next time. There will be quite a complicated change in the next month, nobody knows about it, and even GANF is looking a bit irritated at the moment, but I'm far less aware of what I want. Yeah, we can go to the next slide. Yeah, if you want. Yeah, we have the new GANF... Yeah, we have... We have... Yeah, we have dark instance, deep-end archive script instance on one of GANF's machines, but it's not mandatory to use it and only a few application managers actually use it, and not sure how many, and most of them aren't active anyway, so I just see the reports after they were submitted and only eight or nine people have submitted reports in the last six months, which is not very good. Mike? Yeah? Mike, one of you is seeing what's built on that from the archive, there's about one or two packages a week, which is... Yeah, but... It corresponds to the fact that half of the applicants in the process at the moment are processed by three application managers, which are Joach, me, and Craig Small, who's doing less work than earlier, but still does quite a lot. Not very good, but it does a lot of work. So, the advantages of the Q-introses. We have problems that many people are interested in being associated with deep-end because it's cool and everybody should have cool things alive and cool email addresses and stuff like that, and the very long process filters these people. They just drop out after like eight weeks or so and get rejected after some time. The questions at the moment lead to reading documentation, reading documentation, reading documentation. At the same time, people are weird, but take some time and they understand what we want to hear from them and we hope that they actually apply the procedure themselves. Okay. Yeah, we have also a long time to educate people in the skills part before they get after commissions, which means we can ask them to do sponsoring tasks, like checking other people's packages, and the moves are very important because daily quality assurance needs the moves a lot and I want that new and maintainers invest time in helping to assure the quality of the quality solution. Okay, next slide. What are the problems of the healing process? It sucks up a lot of time and it's lost. We have a lot of answers which get in the red format and are lost after that and we will not see them again. This is obviously not very good because a lot of times they're still writing them and checking them and discussing about them and it's not very good. It's people who are very experienced and are application managers at home, so we need that time and people who are very motivated and want a giant project and we also need those people. So it's not really good to waste their time. Consequence is change checks to be based on actual tasks. That means doing stuff that helps devian instantly, not after playing out the account but in families. So what can we do to use such task-based check? I have started this with two applicants. One of them is not very active. I hope that will change and the other one is Russ Orberry. Some of you should know him. He's quite active on devian release at the moment with one of the tasks I gave him. He's up to maintain a new server and Kerberos and stuff like that. He's very active in open source. Any way an applicant who would join instantly would be out. Well, I can't use him. So what can applicants do? They can help maintain us to clean up the bug tracking system. Most packages, larger packages, have a lot of unchecked bugs. All bugs should be classified as reflected in the changes in the BTS recently. The new overview which shows bugs are not in categories like patch or patch provided won't fix a confirmed unreproducible and unclassified. And that's where new maintainers can help without getting further permissions. They can look at bug reports, check if they fly, see if they can reproduce them and perhaps find a solution to patch whatever. Next point, WMPP bugs. We have a lot of them, mostly useless. We have request for packages that are two years old or more for packages that are long dead upstream. They're not dead a lot anymore and actually not needed anymore. So it could be an idea to ask new maintainers to go check 15 of the old bugs and close and attack them while retighting them. And well, I'm keeping this fairly short because I have a lot of slides about it. They can do sponsored QA uploads and an boost. We also need that all the time because it gives us a fairly buggy. What we're doing at the moment is transition support and management. He's asking maintainers to coordinate and is filing bugs to document what the situation is. And this is actually something that release team is doing most of the time but they always need help. So we could use active new maintainers for that too. So what can they do to, yeah, I don't know if it is at one resources site, but just skip it. So the purpose of this task is more that they can show to use the control bug that they can communicate with maintainers, with bugs submitters, with other developers and stuff like that. Cleaning up WMPP shows the same skills and knowledge about QA versus because it's important to understand that you can't just close intent to adopt or so because they actually need maintainers and sounds fairly dumb that I'm saying it, but I have seen people who have done that. So that's not really good. Okay, short social skills, especially that because there are many intent packages for people who have no time or not enough they don't know enough about DVM to provide proper packages, don't find sponsors, and you need people to communicate this problem and help them either to learn enough to provide the packages or draw to the front page of the next slide. Yeah, we need people who go for packages and find packages that need help, which means often packages which have a lot of RC bugs, a lot of important older bugs, and find a way to solve that problem. That's either uploading a new version as an app or QA app out or we move it there, or asking for new maintainer. There are pretty few people that refuse or are against the idea of non-maintainers. I know, I'm not one. Who are any of you? I'm a lot of one. Well, we have talked about it anyway tomorrow about QA app and moves by non-maintainers and external contributions, but I believe we can use every help we can get and it's not always enough to just provide packages in the BTS but sometimes you just need someone who's caring about a package and preparing a new upload, because sometimes no developer is interested in a package but some non-maintainers are. I think the main, the important part is that the sponsor is aware that if something goes wrong with the new, he's also responsible for fixing it, because he has uploaded it. Of course, if the uploader says, no, I only sponsor that, that's fine. I think the important part is that the sponsor is aware that he's also responsible for the new. I have some questions that some people in the project have written about that he has sponsored before. It's not, I just check a package, upload it and that's it. They are responsible for this upload. Every bike they introduce with this upload is their responsibility. They can forward it to the applicant or a new maintainer or an interested person who is doing the packaging, but if that person isn't answering, they have to fix it. It's their work. And some people who are going over independent mentors who are just uploading stuff without actually checking it or caring about the package enough to be able to check it. Okay. Kim, you guys? No, I post one. Kindly post five. I have four minutes of action. I think it's more than this. Okay. It's like nothing is impossible. Yeah, I've heard about the offers that they just like re-signed the package and showed it to people. Yeah, some people just take it well. It was because of the few problems of finding packages that contain exploits or whatever. So, like recently, you have said I've automated an upload queue for this one post. No. I've asked him about it. He said he's doing only uploads to his own post and checking the bindings there. So it's actually just remote people. Nothing more. What do you mean? I have to look into my regular archive for that moment. I keep my memory with the iPad. Okay. Yeah, I think we're done with this slide. Just part of tasks is mainly used to demonstrate that people have the needed skills to join the game. And while some parts for NMU's interactions with other developers are needed and knowledge about MIA and procedures needed and stuff like that. Um, transition management. It's probably some of complex tasks and I wouldn't ask any human trainer to do it, but some who are able to do it and should do it because... Yeah. Um... Please call me Ms. Simon. It was 15 minutes. Okay. But I'm done in a few minutes. No problem. Um, transition management is quite complex because it requires to have deep insight into tech problems. You have to understand, at the moment, for example, if libraries are exporting C++ binary interface or just a C binary interface, if a release manager doesn't get it right every time. Not you. Okay. You're not a release manager. I don't care. Um, it needs a fairly good knowledge of the internal procedures we have about contacting maintainers and caring about it, actually, and communications with a release team. People who do this and then maintain application are probably a good example for people who will join the release team in a few months. I'm probably very sure that we will be able to do it in the next year. Okay. Yeah. Disadvantage. What's this idea? We can't use it for documentation. You maintain us because all tasks are listed, are very concentrated on them. Now, well, there are other possibilities like translation and coordination of translations that are also known as color puzzles. Um, most application managers need to learn more about product assurance. It's the sad fact that most more application managers are not very informed about human internal processes. I see a lot of really bad application reports and some application managers just don't know what's, what has changed since they've learned about TVN. That's a big problem anyway with the normal system of task-based checks because, well, even the questions show the problems that they can't help to educate new maintainers. Um, we need something, we need to do something about it, but we have no alternatives as application managers and so we just have to do with them wait until we have enough resources to replace them or ask them to, um, well, read about demonetized policies and, um, come back later. It's a problem. Uh, it needs a lot more time for application managers. Um, the future, uh, questions are very easy. You go to a list of questions, see the answers, okay, okay, okay, fix me, fix me, fix me. It's very easy. You can, like, do a complete application in four hours or so and, uh, are done with it. Um, with such task-based check system, we need to invest a lot of time. We need to find tasks, we need to, um, check what the applicant is doing and help them. We can't, uh, believe that they just know how to work with it. It's, uh, just an educational program. Um, yeah, it does. And the last part is application, uh, no, uh, reports are becoming less comparable because we have individual tasks and can't say he couldn't answer this question and this one, this one is performing a lot worse than another applicant. It creates a higher load on application managers and the front desk and the account manager. Okay, um, yeah, that's why I don't have that much time. Um, I see an other disadvantage of your, the procedure you're expecting. Uh, I have um, I haven't asked you, sorry. I see, another disadvantage just, just tell it. Uh, disadvantage is when you find a sponsor package from the upstream and when the upstream want to be involved in the beyond. Mm-hmm. And that's not necessarily want to know anything about QA, is it focused, is it focusing on the aspect? Well, it doesn't need an account then. It could just use sponsor after us. Uh, I'm not forgiving account starts to everyone. It's definitely a problem we have that there are too many developers at the moment. People who would just need like five thoughts a year and everything would be okay. And, uh, there are plans to remove, uh, the developers as far as we know. That's the application of the account manager's so he should come up with that. Okay, um, we could discuss this later. I think I would want to go through all my slides and then come back. Okay, um, advantages of, uh, check based, um, and end chat. Because it's a lot more interesting, you don't have to go through a list of questions and, uh, uh, then just quote from the policy or standard of reference. Um, um, it attracts other kinds of applicants. Um, at the moment we have, okay, at the moment we have, um, a lot of applicants who are just, um, interested in, um, um, yeah, uh, yeah, getting an account and you don't have to need a technical skills but know how to answer questions. And, on the other hand, we have people who are interested in having Givian but are not able to concentrate on, I don't know, thought questions for DMP and, uh, 2005 for T&S at the moment. So, um, we should change that a bit to attract another kind of person. Um, real tasks help to educate people. We don't need, um, a whole educational program but it helps to just give them some advice on how to address the tasks and how to help inactive maintainers or stuff like that. It's better to do it with real tasks and what if, what if, uh, something will help you, what would you do just better. Um, and the best bit is everything that's needed. If you do a Q&A approach, it helps people. It's no problem. That's just a wonderful thing about it. Okay, um, that's almost my last slide. Um, consequences for the Q&A team. Um, we need, we, as a Q&A team, um, need to accept help from outside us. This means we need, uh, to document some tasks better. We need, um, to allow people to just go in the tab and, uh, change a lot of things to just make them accessible for other people. Um, that means for example, we need to give read access to some tools, like, uh, medicine or my own history or stuff like that to allow maintainers. It's a moment that I've kept on, uh, project machines and, uh, only accessible to shared access and not maintainers don't have that. So we should I don't know, um, for, um, creating, uh, web interface for all these tools, it's, uh, fairly easily just to the CGI with an input field and, um, give all the options and stuff like that. Um, I'm a colleague with a medicine CGI at the moment. You have that? Yeah, but it's not, uh, it's not good. Yeah, but it's not, uh, it's not good. And I developed this week of web frontend for medicine. Uh, web frontend for medicine. I think when you develop a new frontend, you should ask the question if that information is, uh, is supposed to be open to the whole world or just to people in the new development queue. If you want to, uh, if you want to have a new development queue, if you want just available for new developers, you maybe think about creating, uh, an alias project or something like that and adding new maintenance to that project. No, but I actually want to, if we read access to almost all tools we have. Okay, that's an R-tool. It's a bit difficult because of personal data. It's not personal data. I don't understand why it's personal data if you give read access to, uh, I don't know, 900 developers. Yeah, at the moment 900 people can just go in there and limit it to 500 people and have a few minutes to have it done. Yes, but I don't see a difference. I see a difference. Because we are all part of the project, so we have access to the approach data. Has anyone actually looked at the stuff in MIA? Yes. And, uh, six people or so. Um, it's mostly, uh, not very personal. Mostly, but yeah. There's a problem of doing it, um, without, um, asking for permissions. We shouldn't over-archize, but we should try to do, uh, if we've right made something huge that's asking if we can publish it. It helps. But the next thing Yeah, I'm not sure information is there. Mark, I think there's a lot of tools that we really could try to open. And I would say medicine, for example, is something we definitely could open to the world. Because, uh, the information is public, it's just medicine is something that's the nicest tool to access to. Uh, I think we really need to be very careful about, I think something like MIA history is more problematic. And I think what's important is we should start with the easy ones. And I don't have any issues to say, oh, I'm your application manager. If you need some output from this tool, we'll tell you and I'll just send it back to you. Well, for example, at the moment we have like four months of time before you get an application manager, even after you've tried. We need to come with us. But I think that something is in there at large. The back is not so... Yeah, sure. Okay, I'll just close it and come to the end. Yeah, okay. Here's an example here. Yesterday I saw at the end a few lines about the maintainer because he was wondering what he was doing inside the MIA. And I gave him the answer because he asked him. Yeah. So, we can do it on IOS. But if you give the information out anyway, why don't we create web tools? Not because it's difficult, but we should... We might proceed and... Yeah. So, the last thing is actually the QA team should provide a list of tasks that can be done in the application process. Things that can be checked like we know the package needs help and we have a list of packages that need help. And we have transitions that are pending. We have people who need to be asked if they're really MIA or just not active at the moment, but will come back in too much or so. And we should make this more organized. It's a great, complicated moment to get information. But all the QA pages you have to look there and there and there. It shouldn't change. So, let's not do this. I'm done. Okay. Well, that's one of the main problems I have at the moment. I want to away from questions but I have no idea how to do this for translation or documentation people. I need to know them. They have just other tasks. Okay. But I have 10 days for the documentation tasks. I think it's easier in a way because people applying for documentation and new mentorship will almost always be active already and they will always already have a track record in that area. So you can just take what they have already done as the task really which is what happened in my case. Yes. We have a problem. Once the key is inside the key ring you can upload a package even if you have no knowledge. This is no problem. It's a problem. I don't know anything about package upload. But the project trust that he won't be uploading things that he doesn't know about. That's why I think the current TNS and PMP part is very important for people going that route because at least they will have the policy and procedures in their head and they will know where to go with questions if they do decide. They want to start with you have to trust people in the project to be sensible about using the right they have. Although on the other hand I have said before that I wouldn't mind personally if there would be a split in what the right speed is. If we move to a more task-based situation where we are asking people to learn about uploading if they want to then we get all the people that want to do documentation by just checking the documentation translations that they have done. What do we do with those two types of people when they get to the end part? Do we separate a new key ring for people just doing documentation uploads or we don't allow uploads at all and we just put those people able to access the machine to get information about Madison or to get information or what? The basic question is first what is the development part? The question is is the development part of our community and then they have some tasks that can do for example upload packages or the development part is a person who can upload packages. So when I personally would come and say a developer is somebody who is part of our community who has voting rights who can access all machines. And of course as part of the community being a developer a good citizen of our community if you say that some of them have additional privilege that I would say or additional tasks. Some of them for example have the right to move packages other have the right to upload packages so some of them have access to boxes other people have total access for example to Murphy I don't have access to Murphy but the other thing you should say is that there will be a hearing which is a people with trust some of them of course have the right to upload packages but if somebody says he is doing the communication he won't be able to upload a package he goes to some additional let's say package tasks after it can upload. What I have said just now about not having any skills is nonsense of course but in the context of having installed I know what I'm doing I would never start a new package especially not a library but I mean that for example if a person doesn't go to the philosophy and procedures and then it becomes a DDM then the documentation maintainer so is it a person of the project that has voting rights that has access it's a co-op part of the project but even if it needs to go to PNP there's no way around it there's only a way around it yeah of course but then he becomes a DDM or whatever we call it and why is he a DDM developer with voting rights where it's just a documentation maintainer that has access to machines that's another question that has to be answered too as an applicant in Nigeria has a problem with a French translator he did this translation in the past he was thinking that he had to write to a DDM address email address he goes to join he feels he feels a philosophy and a procedure at least then I took the application and I said no he was an completely inactive for more than one year and the only rational reason to project him was that no I can't I said to your team because you have the possibility to upload that's a wrong reason that is a wrong reason but he had worked a lot in the past if he was inactive for a year that's a good reason to reject him but rejecting him because yes but he was pretending that you know he was threatening me in fact sorry that's true we have a huge flatware to use in the program oh may I it's not a lie it's a privilege five minutes for the discussion I don't think we should talk too much about documentation people uploading pregnancy lab because the other way round documentation developed by years so it's not worth discussing it at the moment and I've already asked if he would do application management for the next post but he was interested in doing it he would say he would think about it but he said launched but we should complete things and I don't know anything about it I think we should turn it back to the rest of the seminar state I think the real reason why I got in fairly easily is because I showed a broader interest than just documentation I think that was a life part of the decision you really want to have people in the project who are interested in deviant and working on deviant and getting deviant further you don't want to keep them out because they don't know see or whatever most people record it no I know that but they have probably better background than I do I think one general goal of the NF process is to check whether people are generally interested and if they are able to show that they're interested in packaging, documentation or whatever you can trust them that they do reasonable things and we don't have to discuss too much about whether they will refuse things we should enable people to do stuff I think one of the problems when you sort of use the labor of new maintainers to propel the deviant forward is that you sort of you run the danger of exhausting them yeah but in some moment we ask them to answer stupid questions I understand I'm using them in another way so I guess you should use them in a way which helps us some of the ground is probably appropriate but you should always bear in mind that when you ask people to do a lot of things and then you reward them with an official deviant membership and then they might become inactive we have the same problem at the moment I believe that you have tracked most of your applicants how many are missing nowadays 20% 25% I think that is a real problem yeah but the real thing is that the task that he described exhausts you you are not right for them if you are exhausted by doing a bit of work I don't want people to work like 10 hours a week for 6 weeks I want them to do a few things to show that they are able to do it so Elamaten looks like I should say the two final sentences but you say something that I really want to keep and you say I should make a list of possible tasks that could give applicants I think that is a very very big deal because there is very often that there is a lot of small things that should be done but for whatever reason I don't have time or whatever to do it and you should just keep those things so that we can start a climb yeah and now this is a problem when I had such a task for us he needed something to do but I didn't know what I should ask him to do so I went around and asked Abba and Steve and release management people were saying I haven't asked you I would make this my free documentation for you this is not for us but it's good they like to make fun but we need to concentrate on the list of tasks discussion later at BBQ in about four minutes we proceed with South Park George how do you do it? how do you do it? how do you do it? how do you do it? how do you do it?