FTSE for FRIDAY 29/11/2019

#FTSE #GOLD As the US rendered homage to turkeys while the UK PM paid homage to a chicken, markets experienced a pretty muted day. However, the Dow Jones remains optimistic and closed before Thanksgiving in useful territory for the near future. Hopefully the rally potentials continue.

For the DOW, now above 28,175 calculates with the potential of an initial 28,315 points. If exceeded, our secondary calculation comes out with 28,430 points. But realistically, this need not be the end of the story thanks to 29,125 points now lazing around in the clouds and claiming it’s a longer term attraction.

All kidding aside, in the event 29,125 ever makes an appearance, there’s a pretty good argument favouring a short position as we’d not be shocked to witness a 1,000 point tumble, once sufficient excuse had been invented to panic the markets. While we’re being cynical, somehow or other this sort of thing actually does happen.

As for the FTSE for FRIDAY, despite the index experiencing a lacklustre Thursday (we suspect, due to the US being closed), the FTSE certainly looks capable of some continued growth. We’ve a couple of small alarm bells ringing thanks to the market showing considerable hesitation exceeding 7,450 points but at present, the near term numbers come out as; Movement above 7,420 calculates with an initial useless ambition of 7,436 points. If exceeded, our secondary is at 7,466.

This scenario shall better the 7,450 level and create a new high (since August) on a Friday, generally not the most suitable day for exuberant behaviour.

If trouble is planned, reversal below 7,385 looks capable of an initial 7,350 points. If broken on any initial surge downward, our longer term secondary is at 7,323 points and hopefully a rebound.

Have a good weekend. It’s the final F1 of the season, probably a boring race as everything is already decided!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:49:32PM	BRENT	63.32	62.52	62.35			63.37	63.55
10:51:33PM	GOLD	1456.3	1452	1444.5			1459	1461
10:57:17PM	FTSE	7412.31	7383	7371			7420	7432			Success
10:59:08PM	FRANCE	5915.7	5898	5887			5919	5925			Success
11:00:54PM	GERMANY	13255.36	13213	13201			13268	13282.5
11:02:37PM	US500	3151.32	3141	3137			3152	3154.5
11:04:33PM	DOW	28118.7	28067	28020			28142	28174
11:13:18PM	NASDAQ	8442.87	8409	8397			8444	8455.5
11:14:54PM	JAPAN	23468	23375	23317.5			23485	23525

 

28/11/2019 FTSE Closed at 7416 points. Change of -0.17%. Total value traded through LSE was: £ 3,608,679,537 a change of -31.8%

27/11/2019 FTSE Closed at 7429 points. Change of 0.35%. Total value traded through LSE was: £ 5,291,535,835 a change of -43.03%

26/11/2019 FTSE Closed at 7403 points. Change of 0.09%. Total value traded through LSE was: £ 9,287,781,943 a change of 67.52%

25/11/2019 FTSE Closed at 7396 points. Change of 0.96%. Total value traded through LSE was: £ 5,544,320,565 a change of 6.78%

22/11/2019 FTSE Closed at 7326 points. Change of 1.22%. Total value traded through LSE was: £ 5,192,412,665 a change of -5.45%

21/11/2019 FTSE Closed at 7238 points. Change of -0.33%. Total value traded through LSE was: £ 5,491,994,018 a change of -12.81%

20/11/2019 FTSE Closed at 7262 points. Change of -0.83%. Total value traded through LSE was: £ 6,298,819,044 a change of 17.12%