FTSE for FRIDAY 20/12/2019

#Nasdaq #Sp500 #FTSE As we crawl, remorselessly into the jaws of Xmas, the market has already entered “dozy mode”. This is the period of hiatus, when the grown ups have left the building, leaving a bunch of unpaid interns <joke> to man the markets keyboards. The puzzle, usually this boring bit starts on the 24th with a “surprise” flurry of activity 15 minutes before the market closes for the holiday.

All kidding aside, we’re genuinely puzzled at the lack of activity in prices. Financial volumes traded through London have been quite literally record breaking for 2019, since the General Election result was declared. Common sense alone should indicate fireworks but the reality has been somewhat sluggish. Perhaps tomorrow, Friday, the dreaded 3rd Friday of the month and clearing day, shall prove capable of igniting some interest at 10.15am.

At present, the FTSE certainly appears poised for some action as movement now above 7577 points (we are talking about the FTSE, not after hours futures) looks very capable of a surge upward to an initial 7607 points. If exceeded, our secondary calculation is at 7668 points. If triggered, visually the tightest stop should be 7500 but, to be real, 7530 should suffice if the market plays by the rules.

The surprising thing since the Conservative victory in England comes from our Big Picture calculation, this now firmly promoting 7750 as a danger level when the market almost must should experience some volatility.

To suggest concern, the index needs fail below 7526, this looking capable of triggering reversal to an initial 7504 points. If broken, secondary comes in at 7476 points though, if some grotty news breaks, it could quickly crash down to 7425 points.

We’re only giving the down criteria as a sort of CYA exercise as the FTSE appears to be enjoying some strong upward forces, for the present. Perhaps this is one of these “Santa Rally” things!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:46:43PM	BRENT	66.08	65.56	65.265		66.09	66.3	66.59		65.84	‘cess
10:49:05PM	GOLD	1478.68	1473	1471		1477	1481.6	1483.5		1477
10:52:45PM	FTSE	7572.6	7523	7513.5		7574	7586	7604.75		7522	Success
10:54:36PM	FRANCE	5969	5941	5937		5980	5975	5980		5955	Shambles
10:57:01PM	GERMANY	13228	13139	13093		12340	13251	13287.5		13152	‘cess
10:59:15PM	US500	3207.5	3189	3182		3199	3209	3212.5		3187	Success
11:01:22PM	DOW	28393	28235	28173		28317	28396	28411		28251	Success
11:03:41PM	NASDAQ	8645.9	8562	8538		8630	8652	8676.25		8556	Success
11:07:00PM	JAPAN	23848	23793	23693		23930	23931	23959.5		23800	‘cess

 

19/12/2019 FTSE Closed at 7573 points. Change of 0.44%. Total value traded through LSE was: £ 12,902,220,870 a change of 105.17%

18/12/2019 FTSE Closed at 7540 points. Change of 0.2%. Total value traded through LSE was: £ 6,288,425,252 a change of -24.93%

17/12/2019 FTSE Closed at 7525 points. Change of 0.08%. Total value traded through LSE was: £ 8,377,255,941 a change of -3.48%

16/12/2019 FTSE Closed at 7519 points. Change of 2.26%. Total value traded through LSE was: £ 8,678,908,281 a change of -19.58%

13/12/2019 FTSE Closed at 7353 points. Change of 1.1%. Total value traded through LSE was: £ 10,792,434,555 a change of 97.15%

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%