#FTSE #DOW Probably the only thing more boring than reading an analysis about the markets in this weather, is writing one. There’s something about Scotland which removes ones tolerance to heat as anything above 20 tends be regarded as “too hot”. As for the FTSE, it looks ready to wilt a bit more.
The market closed Thursday at 7500 points, its lunge downward to 7460 a few hours earlier proving pretty much exactly as expected from our lunchtime report. If any miracle bounce is to be judged as genuine, the index needs better 7533 points as this should apparently trigger some further movement to a modest 7547 points. If bettered, secondary is at 7582 points. If triggered, the tightest stop looks like 7493 points.
We’re not convinced as to the recovery potentials, instead suspecting below 7460 shall prove capable of reversal to an initial 7400 points. If broken, secondary calculates at 7361 points. The tightest stop looks like it’s around 7507 points.
That’s it. Have a good weekend!
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
9:53:22PM |
BRENT |
63.01 | |||||||||
9:55:11PM |
GOLD |
1414.53 |
‘cess | ||||||||
9:58:47PM |
FTSE |
7473 |
Shambles | ||||||||
10:00:40PM |
FRANCE |
5566.7 |
Success | ||||||||
10:03:11PM |
GERMANY |
12352 |
12296 |
12219 |
12091 |
12427 |
12445 |
12459.5 |
12514 |
12338 |
Suc’ambles |
10:05:09PM |
US500 |
3005 |
‘cess | ||||||||
10:10:15PM |
DOW |
27112.5 |
27048 |
26982 |
26852 |
27225 |
27365 |
27488 |
27631 |
27185 |
Success |
10:12:47PM |
NASDAQ |
7968.62 |
Shambles | ||||||||
10:14:35PM |
JAPAN |
21610 |
‘cess |