Barclays for 25/07/2019

#SP500 #NK225 It’s funny but Mrs May always struck as the type of person found running a local authority (keen not to rock the boat) but unsuited to run a country. Now, she’s been replaced by someone who used to run a local authority – London. Life is doubtless going to become interesting and we’re starting to wonder if the banks shall benefit.

Barclays share price has cheerfully wandered through the downtrend for the last year, a movement we suspect was not accidental. Quite an interesting situation now presents itself as share price growth above 163p calculates as capable of movement to an initial 175p. If bettered, secondary works out at a surprising 193p!

We’re a little surprised at this behaviour. The drift through the downward trend removed Barclays, quite neatly, from a zone which has been promising a bottom eventually of 134p. Or far worse, if such a level broke. The immediate situation calls for a revamp of our thinking as the share requires closure below 158p to give a pretty firm suggestion some strong growth is not on the cards, anytime soon.

A suspicion exists of the market simply opting to start a new trend, while everyone tries to figure out what the new bloke in the hot seat is going to do next. Of course, the media will have us believe he also doesn’t know from one minute to the next. Hopefully Boris adopts Mr Trumps Twitter habits, entertaining the nation and giving those who seek to be offended plenty to moan about.

For now, some slight optimism exists for Barclays.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:21:02PM

BRENT

63.01

               

Shambles

10:22:38PM

GOLD

1426.55

               

10:29:27PM

FTSE

7513.9

               

Success

10:31:01PM

FRANCE

5630.2

               

10:33:13PM

GERMANY

12563

               

10:35:32PM

US500

3016.72

2996

2993

2984

3010

3019

3022.25

3030

3002

Success

10:38:07PM

DOW

27262

               

10:40:18PM

NASDAQ

7989.77

               

Success

10:47:44PM

JAPAN

21743

21613

21577.5

21514

21699

21768

21788.5

21847

21641

‘cess

24/07/2019 FTSE Closed at 7501 points. Change of -0.73%. Total value traded through LSE was: £ 6,389,282,051 a change of 12.21%

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