#FTSE for Friday 13/12/2019

#DOW #DAX Providing an outlook for Friday 13th December is proving quite difficult. It appears reasonable to assume the Battle of Clowns in the UK has tended confuse the market, recent movements appearing decidedly hesitant with share prices extremely difficult to map from a near term perspective. The market has proven to be at risk from the next stupid headline, each designed to make voters fear “the other guy”.

A glance at European papers essentially reveals the UK is being laughed at, quite a surprising feat considering Spains two general elections this year, along with the countries political prisoners. Elsewhere, Sweden joined Italy in suggesting UK voters would be holding their nose, whilst voting. All in all, not a flattering picture for an election and probably not the ideal image for our country!

As for Friday, it’s worth taking an updated look at the FTSE medium term, specifically the Index during opening hours and not FTSE Futures. Above 7309 now suggests traffic in the direction of 7384 points. If exceeded, secondary is a more enlightened 7410 points. Visually, there are plenty of reasons to anticipate a stumble around the 7400 level as we suspect only closure above 7410 shall prove capable of igniting a longer term rally toward the 7650 level.

Of course,  as always there’s a flip side to the argument. If the market perceives the election result negatively, reversal below 7193 could easily provoke travel down to an initial 7036 points. If broken, secondary is at 6936 and hopefully some sort of rebound.

While writing this headline section, the media announced the “Exit Poll” and market futures reacted positively. As a result, we shall not be surprised to see our upward targets around the 7400 level achieved – if the poll turns out to be correct. It’s going to be a long night as the only thing which matters is the actual result.

However, it appears Friday shall prove to be an UP day on the FTSE.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:30:02PM	BRENT	63.94	63.4	62.99		64.2	64.23	64.485	Subscribe	63.7	‘cess
9:31:55PM	GOLD	1470.05	1463	1454	Subscribe	1472	1479	1489.5		1467	Success
10:32:47PM	FTSE	7280.45	7218	7036.5		7255	7338	7381	Subscribe	7230	‘cess
10:38:28PM	FRANCE	5905.2	5844	5822	Subscribe	5888	5911	5920.5		5843	Success
10:40:51PM	GERMANY	13323.55	13101	13017.5		13221	13325	13358		13187	‘cess
10:46:58PM	US500	3173.3	3136	3122		3161	3176	3189	Subscribe	3136	Success
10:51:06PM	DOW	28178.8	27960	27915	Subscribe	28076	28226	28275.5		28018	Success
10:52:55PM	NASDAQ	8477.5	8375	8348		8441	8492	8522.25	Subscribe	8396	Success
10:57:18PM	JAPAN	23756	23590	23549	Subscribe	23719	23781	23855			Success

 

12/12/2019 FTSE Closed at 7273 points. Change of 0.79%. Total value traded through LSE was: £ 5,474,098,560 a change of -29.24%

11/12/2019 FTSE Closed at 7216 points. Change of 0.04%. Total value traded through LSE was: £ 7,735,942,999 a change of 44.42%

10/12/2019 FTSE Closed at 7213 points. Change of -0.28%. Total value traded through LSE was: £ 5,356,569,029 a change of 11.8%

9/12/2019 FTSE Closed at 7233 points. Change of -0.08%. Total value traded through LSE was: £ 4,791,115,303 a change of -0.49%

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%