Trends and Targets for 25/01/2019

FTSE for FRIDAY #Nasdaq #Gold #Patisserie Valerie’s demise came as a surprise, even to us. We’re quite used to companies issuing unexpected news but equally aware their share price movements generally warn of such in the weeks/months before. With Patisserie Val (LSE:CAKE), there was absolutely nothing. In fact, the converse was true as a fairly strong argument existed for a price rise.

We can only speculate on the causes of its death, given the news rather a lot of shares were sold prior to CAKE being crushed. Investors can be confident the regulators will doubtless fully investigate and, as usual, do nothing!

 

As for the UK market for Friday, it’s complicated…

The market closed Thursday at 6818 points, threatening weakness continuing below 6800 shall bring reversal to 6659 points next! Our secondary, if 6659 breaks, is at 6590 points. The tightest stop position is quite wide, presenting itself at 6909 points.

The pace of decline during the last few sessions has been fairly relentless, if gentle. Unfortunately, given the point the market closed on Thursday, there is little reason not to anticipate some further weakness.

Only if now above 6909 dare we take any recovery seriously as this permits an initial 6943 with secondary, if bettered, calculating at a visually unlikely 6991 points.

Chart goes here.

 

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:52:40PM

BRENT

61.26

9:54:12PM

GOLD

1281.08

1276

1273.5

1270

1283

1286

1287.7

1291.6

1278

9:56:40PM

FTSE

6817.89

9:59:55PM

FRANCE

4877.2

10:10:55PM

GERMANY

11147

‘cess

10:12:24PM

US500

2637.67

10:17:58PM

DOW

24512

10:19:26PM

NASDAQ

6679.62

6646

6626

6598

6686

6711

6737

6789

6654

10:21:54PM

JAPAN

20595

24/01/2019 FTSE Closed at 6818 points. Change of -0.35%. Total value traded through LSE was: £ 5,228,542,413 a change of -14.93%
23/01/2019 FTSE Closed at 6842 points. Change of -0.85%. Total value traded through LSE was: £ 6,146,255,553 a change of 20.58%

 

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