#FTSE #DOW Centrica must be tempting a bunch of folk hoping to jump in, viewing the price as a “bargain”. We have doubts, hoping it shall bounce around the 60p mark but worried, ‘cos if broken, the big picture suggests “bottom” may reside around 40p. Needs a miracle above the 90p level to foul up these prospects!
As for the FTSE for Friday, we’re more than a little concerned about the drop experienced on Thursday. When we issued our 10am report to clients, we’d speculated on the market achieving a bottom at 7407 points. Somehow or other, the FTSE contrived to reach 7406.9 around 11:30am, showing half hearted bounces in the period since. Despite a bunch of day traders doubtless viewing the chart, gleefully assuming “double bottom” and expecting Friday to show gains, we’re not entirely convinced. There’s something a bit funny going on with international futures – mainland Europe and the US behaving as if Friday should experience recovery, the FTSE rather less so.
Weakness now below 7406 points calculates with an initial drop target at 7368 points. If (when) broken, our secondary comes along at 7310 points and we’d hope for a real bounce at such a level. If triggered, tightest stop is at 7442 points.
In the event the market (the FTSE during trading hours) manages above 7442, our initial ambition is for movement to 7470 points. If bettered, secondary calculates up at 7503 points.
This week has been difficult and we suspect health fears have knocked the FTSE off its track to head to 7690 points
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
10:11:28PM |
BRENT |
56.48 |
55 |
54.505 |
55.81 |
56.8 |
57.1875 |
55.8 |
‘cess | ||
10:13:24PM |
GOLD |
1576.78 |
1564 |
1559.5 |
1573 |
1579 |
1580.5 |
1571 |
Success | ||
10:15:26PM |
FTSE |
7453.67 |
7402 |
7393.5 |
7452 |
7473 |
7483 |
7415 |
Success | ||
10:17:25PM |
FRANCE |
6084.7 |
6025 |
5999 |
6063 |
6099 |
6116 |
6049 |
‘cess | ||
10:19:27PM |
GERMANY |
13743.16 |
13667 |
13649 |
13732 |
13762 |
13789.5 |
13708 |
‘cess | ||
10:21:48PM |
US500 |
3380.07 |
3354 |
3344.5 |
3373 |
3381 |
3385.355 |
3363 |
‘cess | ||
10:24:03PM |
DOW |
29465 |
29308 |
29234 |
29400 |
29528 |
29589.5 |
29411 |
Success | ||
10:26:15PM |
NASDAQ |
9617.27 |
9514 |
9478.5 |
9590 |
9637 |
9665 |
9585 |
‘cess | ||
10:28:24PM |
JAPAN |
23727 |
23564 |
23507.5 |
23679 |
23782 |
23823 |
23687 |
Success |
13/02/2020 FTSE Closed at 7452 points. Change of -1.09%. Total value traded through LSE was: £ 6,664,066,181 a change of 30.17%
12/02/2020 FTSE Closed at 7534 points. Change of 0.47%. Total value traded through LSE was: £ 5,119,461,685 a change of -10.2%
11/02/2020 FTSE Closed at 7499 points. Change of 0.71%. Total value traded through LSE was: £ 5,701,269,309 a change of 0.17%
10/02/2020 FTSE Closed at 7446 points. Change of -0.27%. Total value traded through LSE was: £ 5,691,847,581 a change of -12.91%
7/02/2020 FTSE Closed at 7466 points. Change of -0.51%. Total value traded through LSE was: £ 6,535,596,145 a change of 5.4%
6/02/2020 FTSE Closed at 7504 points. Change of 0.29%. Total value traded through LSE was: £ 6,200,545,970 a change of -22.21%
5/02/2020 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 7,970,542,064 a change of 19.14%
11/02/2020 FTSE Closed at 7499 points. Change of 0.71%. Total value traded through LSE was: £ 5,701,269,309 a change of 0.17%
10/02/2020 FTSE Closed at 7446 points. Change of -0.27%. Total value traded through LSE was: £ 5,691,847,581 a change of -12.91%
7/02/2020 FTSE Closed at 7466 points. Change of -0.51%. Total value traded through LSE was: £ 6,535,596,145 a change of 5.4%
6/02/2020 FTSE Closed at 7504 points. Change of 0.29%. Total value traded through LSE was: £ 6,200,545,970 a change of -22.21%
5/02/2020 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 7,970,542,064 a change of 19.14%
7/02/2020 FTSE Closed at 7466 points. Change of -0.51%. Total value traded through LSE was: £ 6,535,596,145 a change of 5.4%
6/02/2020 FTSE Closed at 7504 points. Change of 0.29%. Total value traded through LSE was: £ 6,200,545,970 a change of -22.21%
5/02/2020 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 7,970,542,064 a change of 19.14%
5/02/2020 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 7,970,542,064 a change of 19.14%