Good day. It's Francis Hunt. We're going to take a look at a few shares today.

We've got an interesting stock that I believe has just broken out for you Northrop Grumman Corp. You can see I've got my typical green line. That shows our buy stop entry and our stop loss line. But what I've done is I've taken quite a macro view. The reason behind is I want to reinforce key levels of significance. Over here you can see we had a very nice pattern that met its target. It also had its funnel and we've drawn those lines right the way through. It's amazing how these key levels come up again as significant in a chart.

It also ties in with a 61.8 per cent Fibonacci golden mean taken from the extreme high to the extreme low. See how that funnel access level has tied up and run all the way through the chart.

Further to which I've done a smaller Fib just from that relative high to that relative low. It's encapsulating the capitulation element of the move. You can see these red candles all the way down. Constance Brown, a Fibonacci expert, refers to capturing this element of a Fib as being almost more significant. We get a tie up of the 61.8% of that level with 50% of the bigger Fib. We also get the tie ups of the two 23.6% levels. This gives us a very interesting entrapment box near the zero at this key level.

Further to which you can see that we've got a couple of interim and a lovely target that goes right off the screen. Given the full scale amplitude of this I feel equities are going to be doing very, very well and a lot of these big targets are going to be met given the time. I believe we're going to hyper-inflate and there is going to be stagflation to boot.

I wanted to also recap a stock I had introduced to you a while back - Rolls-Royce. It's an interesting one. It's one that didn't work for me in the end. We got an excellent break. We made a nice progress to our interim target, small stall and then we got right up to our second interim target which was going really, really well, but then events, dear boy, events. They change everything.

Rolls-Royce had an engine blow up on Qantas Airlines and no doubt this had a substantial affect with possible liability and you can see how this brought the share action right the way down.

Unfortunately for us, while I believe it found support in the funnel, it did just poke its nose below our stop levels and we were taken out at that point. However, it has since recovered immensely. Good order flow coming through for Rolls-Royce and it's now back at that second interim target level given that news. So high probability is different from a guarantee and this is high probability trading. I believe they will progress onwards to make their full target as initially envisaged and, but for those events, we wouldn't have been shaken out.

Another one I spoke of was TecDAX. That was the index or technology stocks in Germany. This was the last slide I shared with you at the time and this is where it is today. So we did progress, but first, we met our interim target, got a little bit nervous and broke back into the funnel. We weren't stopped out but we got caught in a nice little entrapment box in the funnel there at that level. Your traditional entry would have been by that round circle. My entry was not as good and then we have a nice trend all the way up to the second interim target. I suspect we're now going to have a little bit of a stall at these levels (that's what I'm indicating with the blue line) before powering on to the 59.60 level.

So equities looking good for me for the year ahead in an environment where I suspect hyperinflation and stagflation will continue to be themes.

This is Francis Hunt, the Market Sniper. I look forward to speaking to you again.