DOW JONES for 12/08/2019

#DAX #BRENT As the worlds leading country for jail population, you’d think the USA would be good at prisons. Events this weekend tend suggest this isn’t the case and all their practice has counted for nothing. Losing the countries highest profile guest of their penal system must be a major oops. Is the DOW as safe?

We’ve a reason for questioning the DOW as when we last reviewed it at Easter, a good argument existed suggesting the index should climb above 28,000 points. Alas, the market managed the mid 27 thousands, then fell back. It was interesting to note the index trashed this years immediate uptrend before enacting some surprise recovery. Oddly, when this sort of thing happens with European markets, we always fear the worst as any future break below a trend is both expected and will doubtless be vile. But North America is different as, when a price breaks below a trend, then recovers above, the market will invariably climb to safety again.

Often, we feel this is the difference in national psyche – across the pond hoping for the best but on this side, we expect the worst.

If the USA continues “hoping for the best”, it appears movements now exceeding 26,415 calculate with the ambition of an initial 26,637 points. If exceeded, it will be sane to hope for continued recovery toward 27,272. The visuals quite strongly suggest some hesitation if such a level makes an appearance.

By taking the European standpoint, in the scenario of the DOW falling below Red – presently around 26,000 points, reversal risks being quite share down to 25,289 points initially. If broken, secondary is a longer term 24,592 points.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

4:53:40PM

BRENT

58.18

59.23

51.205

43.18

62.97

59.97

60.74

62.41

56.7

‘cess

4:55:17PM

GOLD

1497.6

               

5:14:31PM

FTSE

7300.45

               

5:17:44PM

FRANCE

5345.2

               

5:23:49PM

GERMANY

11762

11669

11646

11575

11755

11770

11797

11839

11711

‘cess

5:29:10PM

US500

2924.42

               

5:32:25PM

DOW

26323

               

Shambles

5:34:47PM

NASDAQ

7662

               

5:36:27PM

JAPAN

20535

               

‘cess

9/08/2019 FTSE Closed at 7253 points. Change of -0.45%. Total value traded through LSE was: £ 6,096,050,006 a change of -17.83%

8/08/2019 FTSE Closed at 7286 points. Change of 1.22%. Total value traded through LSE was: £ 7,419,094,252 a change of 8.46%

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