FTSE for FRIDAY 31/01/2020

#FTSE #DAX By any standards, this has been a terrible week. Both dogs AND both cats decided to celebrate this final last week of European unity by throwing up, the dogs at least alerting us, the cats choosing the Forex Model and doing it without any warning.

Who knew both types of animal could suffer their own version of ‘Winter Vomiting Bug’?

But once we’d opted to make a group booking at the Vets, the diagnosis was straightforward, if somewhat expensive. Apparently there was something doing the rounds locally, the Vets Practice gifted unusually high levels of January income as domestic pets enacted their own post-Xmas weight loss regime.

One amusing result following ‘Vet day’ has been angry cat & cat-hating dog deciding to bury their differences, an event which has taken nearly two years.

Similarly, this week the FTSE felt like it’s had a similar complaint to the animals, one day feeling okay, the next utterly foul. We’ve a vague hope, similar to our household pets, it shall make recovery with a ‘so what was bothering you’ action.

Anytime now would be good!

The market closed Thursday in a position where it becomes relatively easy to extrapolate a reversal cycle to 6,700 points. If broken, secondary calculates at a “must bounce” bottom of 6,400 points. If we opt draw lines on charts, the current scenario allows this, the market needing above 7,460 to cancel the concept. Of course, as usual, we’ve got a ‘However’.

Brexit has never happened before, so there’s no playbook telling us what to expect. In fact, the reality of an 11 month exit period is liable to make 2020 interesting, as rumour vs reality should constantly happen while negotiations progress.

In addition, the low experienced on Thursday was a point at which we’d ordinarily hope for a rebound, so we’re going to look for miracle recovery signs for the FTSE near term. The UK Market, unlike one of the Golden Retrievers, is unlikely to try climb inside the dishwasher, a game she plays when her appetite is normal. But should the FTSE manage above a near term 7,402 points, it calculates with an initial ambition at 7,438 points.

If above this level, further computations return 7,490 as a target level. We’re not confident about such a number, due to the immediate downtrend being at 7,460 and almost certainly capable of provoking hesitation in movement.

Now we’ve spent time pretending optimism, what happens if the FTSE makes its way below 7,357 points? Initially we are looking at reversal to 7,309 points with secondary, if broken, down at 7,280 points. As always, beware a Spike Down at the market open on Friday morning as such will doubtless be an indication of a recovery day ahead!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:24:37PM	BRENT	58.12	57.8	57.285		58.4	58.37	58.615		57.34	Success
10:26:49PM	GOLD	1575.16	1572	1567.5		1578	1584	1585.5		1576	‘cess
10:29:33PM	FTSE	7425	7378	7353		7457	7456	7483.5		7400	Success
10:31:24PM	FRANCE	5911.2	5857	5841.5		5912	5912	5932.5		5860	Success
10:33:39PM	GERMANY	13274	13116	13073		13176	13282	13339.5		13183	Success
10:37:13PM	US500	3290.92	3269	3257		3278	3298	3316		3269	Success
10:42:53PM	DOW	28835.4	28555	28435.5		28714	28876	28919.25		28780	Success
10:46:27PM	NASDAQ	9220.04	9100	9071.5		9133	9234	9263		9144	Success
10:49:08PM	JAPAN	23209	22911	22816.5		23015	23241	23300		23090	Success

30/01/2020 FTSE Closed at 7381 points. Change of -1.36%. Total value traded through LSE was: £ 5,559,853,454 a change of 15.61%

29/01/2020 FTSE Closed at 7483 points. Change of 0.04%. Total value traded through LSE was: £ 4,809,159,339 a change of -5.83%

28/01/2020 FTSE Closed at 7480 points. Change of 0.92%. Total value traded through LSE was: £ 5,106,872,635 a change of -10.29%

27/01/2020 FTSE Closed at 7412 points. Change of -2.28%. Total value traded through LSE was: £ 5,692,912,952 a change of 6.13%

24/01/2020 FTSE Closed at 7585 points. Change of 1.04%. Total value traded through LSE was: £ 5,364,214,029 a change of -0.13%

23/01/2020 FTSE Closed at 7507 points. Change of -0.85%. Total value traded through LSE was: £ 5,371,375,210 a change of -4.17%

22/01/2020 FTSE Closed at 7571 points. Change of -0.51%. Total value traded through LSE was: £ 5,604,978,241 a change of 11.63%