#FTSE for FRIDAY #DAX #SP500 Obviously the UK market is doomed, expected to flounder around in chaos once the reality of the truth about Santa Claus existence is realised. But perhaps the outlook isn’t quite as grim as the weather here in Scotland where, it appears, we are even exporting lots of 2nd hand boats in addition to lots of whisky, oil, and energy.
Enquiries revealed this is a consequence of a cheap UK pound, thus making boats (and used motorcycles) desirable purchases from abroad. If the current rain continues, we’re going to need some of these boats back!
As for the FTSE, we remain harbouring a suspicion it intends visit the 6,600 level, requiring above 7,385 presently to trash the prospects. Now, from both immediate and midterm perspectives, something odd is happening.
The index closed Thursday at 7140 points, needing above 7172 to enter a near term cycle toward 7243 points. Surprisingly (and very strange to report), our ‘normal’ logic would give a secondary at 7385, suggesting an immediate donk against BLUE on the chart. Even if we chose to pare our thoughts conservatively, a mid term secondary above 7243 comes in at 7325 points, ie; sometime next week.
About the only near term signal of “it all going wrong” will be of moves below 7086 reaching (and breaking) an initial 7055 points. This would carry the implication the FTSE has already topped out, permitting a secondary at 7010 points.
In summary, it feels like some upward pressure should continue on Friday but we’re pretty far from confident about the rest of this month.
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
9:53:16PM |
BRENT |
70.9 |
‘cess |
||||||||
|
9:59:24PM |
GOLD |
1223.67 |
‘cess |
||||||||
|
10:04:15PM |
FTSE |
7138.56 |
|||||||||
|
10:06:30PM |
FRANCE |
5127 |
Shambles |
||||||||
|
10:08:54PM |
GERMANY |
11511 |
11511 |
11434 |
11357 |
11614 |
11665 |
11690.5 |
11777 |
11538 |
|
|
10:11:50PM |
US500 |
2804.27 |
2787 |
2780.5 |
2768 |
2815 |
2818 |
2835 |
2843 |
2771 |
|
|
10:15:53PM |
DOW |
26188 |
|||||||||
|
10:17:51PM |
NASDAQ |
7145.17 |
|||||||||
|
10:19:39PM |
JAPAN |
22425 |
8/11/2018 FTSE Closed at 7140 points. Change of 0.32%. Total value traded through LSE was: £ 6,260,451,030 a change of -1.49%
7/11/2018 FTSE Closed at 7117 points. Change of 1.09%. Total value traded through LSE was: £ 6,355,130,386 a change of 3.79%
6/11/2018 FTSE Closed at 7040 points. Change of -0.89%. Total value traded through LSE was: £ 6,123,146,129 a change of 22.19%
5/11/2018 FTSE Closed at 7103 points. Change of 0.13%. Total value traded through LSE was: £ 5,011,125,441 a change of -36.56%
2/11/2018 FTSE Closed at 7094 points. Change of -0.28%. Total value traded through LSE was: £ 7,898,425,259 a change of -6.23%
1/11/2018 FTSE Closed at 7114 points. Change of -0.2%. Total value traded through LSE was: £ 8,423,507,721 a change of -6.44%
31/10/2018 FTSE Closed at 7128 points. Change of 1.32%. Total value traded through LSE was: £ 9,003,178,238 a change of 33.39%