Last Full Day FTSE 30/12/2019

#DAX #FTSE #GOLD We’ve probably all experienced the utter horror of a “friendly” family game of Monopoly/Scrabble on Xmas day, an event which turns into a battlefield with trust the only casualty. My own Xmas trauma was different. It involved a game of chess with a 6 year old grand-daughter, so what could go wrong? Especially after being told “Don’t let her win, she hates it!”.

As expected, the game needed punctuated with common sense suggestions. “If you make that move, it means I will move this and you will lose your player.”  All remained calm and peaceful for around 30 minutes until her Dad decided he could help. Then her Mum decided she’d join us at the table to help with my wife, finally, joining the revolution. Opting to stop giving suggestions to the opposing team, a true battle ensued with me facing 3 adults, a smug 6 year old, and a 9 year old ensuring everyone had fresh drinks. I think she was also on Google looking for smart moves!

What is it about Xmas Day which brings out a competitive streak in people? (they lost…)

I’ll admit to something similar, when it comes to face the markets. For a few sessions, I’ve been sagely suggesting 8750 as a probable ceiling on the Nasdaq. It was one of these inevitable things, an obvious point of reversal. And so, when the US market opted to gap the market up by 28 points at the open on Friday, it became unpleasantly clear I’d lost this particular battle. The market clearly had its own ideas, concepts which did not align with logic. The situation with this US market is a bit unpleasant. The next level, the area in which it really must show serious reversal is at 9100 points.

But if going short, doubtless it shall be wise to employ a really tight stop as opening second manipulation tends spoil every argument.

As for Monday and the FTSE, above 7665 calculates with an immediate potential at 7686 points. If bettered, secondary works out at 7698 points. If triggered, the tightest stop is at a reasonable 7622 points.

To be fair, we’d only expect any real reversal, if below 7622 points. In such a trigger, the visuals suggest an initial 7610 with secondary, if broken, down at 7592 points.

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

9:55:10PM

BRENT

66.98

66.46

66.3

 

66.07

67.04

67.135

 

66.68

Success

10:06:34PM

GOLD

1511.79

1506

1502.5

 

1514

1516

1518.5

 

1506

10:08:28PM

FTSE

7630.96

7621

7603

 

7661

7678

7692

 

7601

10:10:16PM

FRANCE

6023.5

6017

6004.5

 

6045

6062

6076

 

6017

10:12:10PM

GERMANY

13297.28

13279

13260

 

13337

13398

13425.75

 

13338

10:16:08PM

US500

3236.1

3233

3228

 

3244

3252

3298

 

3230

10:18:51PM

DOW

28622

28608

28557.5

 

28698

28733

28858.5

 

28608

10:21:05PM

NASDAQ

8763

8744

8721

 

8794

8817

8854.25

 

8744

10:23:17PM

JAPAN

23802

23753

23687

 

23897

23945

24037.5

 

23788

 

27/12/2019 FTSE Closed at 7644 points. Change of 0.28%. Total value traded through LSE was: £ 2,906,900,069 a change of -43.81%

23/12/2019 FTSE Closed at 7623 points. Change of 0.54%. Total value traded through LSE was: £ 5,173,556,993 a change of -55.23%

20/12/2019 FTSE Closed at 7582 points. Change of 0.12%. Total value traded through LSE was: £ 11,554,966,677 a change of -10.44%

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 -100%. Total value traded through LSE was: £ 8,377,255,941 a change of 0%

16/12/2019 FTSE Closed at 7519 points. Change of 0%. Total value traded through LSE was: £ 8,678,908,281 a change of 0%

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