FTSE For Ever 3/02/2020

#Brent #DAX At some point in a blokes life, daughter buys slippers for Xmas. She thinks it funny, he think them ridiculous but wears ’em, the result surprisingly comfortable. But a sole detaches one evening, a problem easily fixed with superglue. Fast forward to 3am, Europe and the US markets closed, Asia ended, finally it’s time for bed, the trading week has finished.

Finding the right-hand slipper is now glued to sock which is glued to skin proved utterly ridiculous, while hopping around the bedroom, trying to be discrete and avoid waking wife. A memory of an old ‘Andy Cap’ cartoon punch-line, “Never seen anyone try and take their trousers off over their head” emerges, along with a fit of the giggles. A true ‘you had to be there moment’ which thankfully lacked witnesses.

Five minutes later, wife proved quite acidic when using nail varnish remover to separate slipper, a sock, from a foot. Along with questioning why I’d felt it so important to stay up late, ‘just’ to watch the markets. To be honest, Asia wasn’t even open and I’d been watching something called “Star Trek:Picard”. Like slippers, surprisingly good.

In case no-one noticed, the world ended when the FTSE closed on Friday. If it were a share, we’d project it heading to around 6,600 eventually. Software suggests weakness now below 275 should reach an initial 7,090 with secondary, when broken, at 6,570. But really, we should now hope bottom somewhere in the 6,600 region.

In our earlier “FTSE for FRIDAY”, we’d speculated on a bottom of 7,280. The UK market closed the week at 7,279,65 points. (Or 7,286 after clearing by 5pm) But regardless, it closed at a calculated drop level.

Perhaps this means the 4 Horsemen are not galloping toward us as we rather doubt closing 0.35 of a point below our drop target  gives reason to panic. It was only 0.004% wrong, well within our bounds of competence. In fact, we rather suspect if anything is galloping toward the market, it’s a rebound.

Should this ‘odour of rodent’ prove correct, the UK market need only exceed 7,328 to enter a cycle to an 7,400 points. If bettered, secondary is up at 7,508 points where we need review the tea leaves quite urgently, due to 200 point gains calculating as possible.

Life just got interesting!

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

5:37:44PM

BRENT

56.64

55.75

51.425

43.62

62.8

57.77

58.195

58.96

56.3

‘cess

5:40:18PM

GOLD

1589.75

               

‘cess

5:49:31PM

FTSE

7265.58

               

Success

5:52:43PM

FRANCE

5782

               

Success

10:15:30PM

GERMANY

12944

12919

12853

12689

13011

13031

13075

13139

12921

Success

10:17:51PM

US500

3229.17

               

Success

10:23:11PM

DOW

28284.2

               

Success

10:25:48PM

NASDAQ

9009.12

               

Success

10:29:11PM

JAPAN

22697

               

‘cess

 

 

31/01/2020 FTSE Closed at 7286 points. Change of -1.29%. Total value traded through LSE was: £ 6,115,076,170 a change of 9.99%

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%

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