World Market Thoughts for 9/12/2019

#DAX #Brent A regular complaint relates to the quantity of media market “experts” queuing up for interviews with prophecies about the end of the world being nigh. In the media, where quantity has no relationship to quality, we thought it perhaps an idea to examine some world markets, trying to define areas where some hesitation appears probable.

Staying close to home, the Euro Stocks 50 (presently trading around 3,690 points, is presently flirting with something we call a “stutter level”, a point at which a glass ceiling will often form. In the case of the EU50, this problem level has been evident since 2017 at 3,685 points and is finally starting to show some sign of hopefully breaking free and move upward. If our thoughts on this scenario are correct, movement now above 3,732 points calculates with an initial ambition at 3,975 points. Only with closure above such a level dare we mention “top” should prove to be around the 4,300 level. Certainly, we’re should this point as an ideal number to try a short with a fairly tight stop at 4,325 if gullible or 4,400 if sane. If historical experience is anything to go by, reversal could see a journey to the 3,000 point level!

Hey, chart goes here

The Nasdaq – or US Tech 100 – is presenting an interesting scenario. We’ve a strong argument which favours something traumatic, should the market achieve 8,634 points. While we can calculate a secondary at 9,475 points, we suspect real life shall intrude, especially as the market is already pretty close to our 8,634 target already. Anything now beyond 8,450 looks capable of reaching this level.

The US Market is always quite prescient when approaching major target levels, thankfully often showing a willingness to bypass them by simply gapping the index upward at the open repeatedly. If a cunning plan is to be enacted, it shall be worth watching for these gaps appearing anytime now!

We’re intending spend this week running the numbers against various world indices.

Hey, 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

10:19:38PM

BRENT

64.12

62.58

62.045

61.18

63.74

64.28

64.59

64.88

63.2

‘cess

10:22:03PM

GOLD

1460.69

               

4:38:58PM

FTSE

7232

               

‘cess

4:40:56PM

FRANCE

5871

               

‘cess

4:43:11PM

GERMANY

13175.02

13052

13001

12941

13135

13181

13199

13220

13111

4:55:14PM

US500

3145.42

               

Success

4:57:58PM

DOW

28024.7

               

Success

5:06:46PM

NASDAQ

8401.37

               

Success

5:08:45PM

JAPAN

23516

               

‘cess

 

 

6/12/2019 FTSE Closed at 7239 points. Change of 1.43%. Total value traded through LSE was: £ 4,814,897,408 a change of -16.68%

5/12/2019 FTSE Closed at 7137 points. Change of -0.71%. Total value traded through LSE was: £ 5,778,792,615 a change of 2.21%

4/12/2019 FTSE Closed at 7188 points. Change of 0.42%. Total value traded through LSE was: £ 5,653,961,334 a change of -20.69%

3/12/2019 FTSE Closed at 7158 points. Change of -1.74%. Total value traded through LSE was: £ 7,128,755,265 a change of 21.45%

2/12/2019 FTSE Closed at 7285 points. Change of -0.83%. Total value traded through LSE was: £ 5,869,768,076 a change of 26.83%

29/11/2019 FTSE Closed at 7346 points. Change of -0.94%. Total value traded through LSE was: £ 4,628,092,745 a change of 28.25%

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%

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