#FTSE for FRIDAY #Dax #Nasdaq So called ‘Social Media’ isn’t something we really do, other than daily links published to Twitter. However, someone saw fit to link our #Ferrari article when discussing it on ‘Reddit’ and suddenly we’re deluged with hits from the USA and Dubai. Needless to say, our love affair with Google Analytics continues; our hard core folk on Reunion Island along with Singapore also visiting for our Friday column.
November has proven pretty grotty on the FTSE, the index displaying a 300 point range in total which often proved untradeable. As the month draws to a close, the last few days started give some positive signs for December. Whether this expands into a fabled ‘Santa Rally’ looks pretty inconclusive as this point. However, we shall raise an eyebrow if the index manages above 7080 points anytime soon.
Apparently, growth such as this should bring some continued recovery to an initial 7135 points. If exceeded, secondary calculates at 7215 points. If triggered, stop can reside at 7018 points at very tightest. It is fairly noteworthy our secondary target coincides with the ruling downtrend since August, almost promising a rebound should it occur in the next trading week.
What happens if 7018 breaks?
It’s slightly boring but a trip down to 7010 makes a lot of sense. The problem with this movement comes, should 7010 break. In such an instance, our secondary computes at 6959 points, perhaps even 6912 points if things are really going wrong. Visually, there are ample reasons to hope for a solid bounce, should 6912 make an appearance.
For now though, we suspect Friday shall provide some upward entertainment. 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 |
|
10:38:50PM |
BRENT |
59.71 |
‘cess |
||||||||
|
10:40:13PM |
GOLD |
1224.9 |
|||||||||
|
10:42:33PM |
FTSE |
7060.42 |
|||||||||
|
10:44:23PM |
FRANCE |
5018 |
|||||||||
|
10:46:29PM |
GERMANY |
11342.2 |
11274 |
11211 |
11140 |
11370 |
11406 |
11462.25 |
11527 |
11302 |
|
|
10:49:15PM |
US500 |
2742 |
‘cess |
||||||||
|
10:55:11PM |
DOW |
25369 |
‘cess |
||||||||
|
10:59:34PM |
NASDAQ |
6900.36 |
6854 |
6833 |
6770 |
6923 |
6940 |
6968 |
6987 |
6836 |
‘cess |
|
11:01:38PM |
JAPAN |
22271 |
Shambles |