Daily Brief - The Friday Edition (Dec 24, 2021)

The 10 days ahead: TOGGLE Leading Indicator The TOGGLE Leading Indicator is the aggregated indicator of all TOGGLE insights for stocks in the US market

The leading indicator has recently retraced in neutral territory (within 0.1 and -0.1), after correctly highlighting the chance of the market rebounding from the latest drawdown.

Guide to reading this dashboard

• Top-left chart: SPX overimposed over colouring based on the TLI, blue = bullish and red = bearish
• Top-right chart: scatter plot of the TLI (x-axis) vs the performance of SPX 12 days forward (y-axis), with the current level of the TLI shown as a dashed orange line
• Bottom-left chart: orange area chart is the 2-week change in price of the S&P 500, dark grey line is the TOGGLE leading indicator, shifted to the right by 2 weeks
• Bottom-right chart: Analysis of led-forward correlation of TLI vs the return of SPX

Important disclaimer: you can see for yourself that the correlation between the TLI and SPX was far from 1:1, so use at your own discretion. Past performance is not indicative of future returns!_

Upcoming at TOGGLE Every week we’ll be sharing a sneak peek of exciting new feature releases.

What to expect for 2022 at TOGGLE?

2022 will be a big one for TOGGLE. We will be introducing new features in the app as the year progresses and here’s a sneak peek of some exciting new features:

• Portfolio Protection tools - for when the market goes the wrong way!
• Better support for intraday trading
• New data science tools, to discover what drives your securities
• Better support for trading
• And more…

General Interest - Today the Webb telescope goes into orbit! Every week we endeavour to bring you one high quality article post from around the internet, of general interest.

Space images can be very philosophical. Take the photo known as ‘Pale Blue Dot’ for example.

Shot from Voyager 1 outside of the Neptune orbit. It shows Earth as the eponymous azure dot, perfectly struck by a ray of sunlight.

Pale Blue Dot

Carl Sagan went on to write his celebrated comment to the photography, which starts like so:

Look again at that dot. That's here. That's home. That's us. On it everyone you love, everyone you know, everyone you ever heard of, every human being who ever was, lived out their lives (full text here).

If Pale Blue Dot shows us how small we are in the vastness of space, another famous image offers the perfect counterpoint: how immense is the Universe that surrounds us.

The image is known as the Hubble Ultra Deep Field

Hubble Ultra Deep Field

The dots in the image above are not stars, they are galaxies.

The Ultra Deep Field shows 10,000 galaxies at various stages of maturities, some as old as 13 billion years ago.

To get a sense of how small the picture is in the sky, consider that “peering into the Ultra Deep Field is like looking through a 2.5 metre-long soda straw”. It’s like looking at one of the small craters on the moon.

The picture was taken by the Hubble telescope, which has served the scientific community honourably for decades.

Soon however, Hubble will be joined by its newer, stronger, more powerful successor: the Webb Space Telescope!

Webb’s mirror is 60x larger than Hubble, or as big as a London red bus

The new telescope promises to bring us into a new frontier of space imaging, from revisiting the Hubble Deep Space Field to resolving features in exoplanets for the first time.

Webb launches today from Kourou, French Guiana.