FTSE for 16/03/2020

#Brent #DAX #FTSE There’s something almost horrific about the words “Underlying Health Condition”. Even at this early stage, the media opt to slide the term in, following news of a Covid-19 death, obviously sending the comforting message – ‘you’ll be okay’ to the rest of the populace. Have gone through chemo in 2019, this writer enjoys an “underlying health condition” thus, is concerned. A lingering cold since Xmas gives a reminder of the strength – or otherwise – of the immune system.

We’re going to focus on the FTSE daily while this volatility remains as it certainly has an underlying health condition. Our report on Friday proved pretty concise, the market opting to march up to the top of a hill, then march all the way down again. It closed the day at 5323 points.

Weakness now below 5237 should anticipate reversal down to an initial 5136 points. If broken, secondary now calculates down at 4948 points. This is obviously pretty dangerous, tending confirm the risk of longer term reversal down to the 3,000’s. Unfortunately, the tightest visual stop loss level in this scenario is absurdly wide at 5404 points.

Above 5404 is supposed to generate a lift to 5444 points. If exceeded, secondary is at 5503 points. We have our doubts.

Finally, always remember we are discussing The FTSE during trading hours, not FTSE After Hours Futures.

Hey, chart goes here
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

7:04:06PM

BRENT

35.32

33.33

31.905

25

35.3

36.7

39.135

41.15

33.7

7:06:38PM

GOLD

1530.66

               

‘cess

7:08:27PM

FTSE

5664

               

‘cess

8:18:52PM

FRANCE

4304

               

Success

8:25:31PM

GERMANY

9620.5

9050

8611

6987

9675

9732

9983

10294

9340

Success

8:52:09PM

US500

2669.2

               

Success

9:06:49PM

DOW

22860

               

Success

9:11:25PM

NASDAQ

7829

               

Success

9:38:40PM

JAPAN

17973

               

Success

 

 

13/03/2020 FTSE Closed at 5366 points. Change of 2.46%. Total value traded through LSE was: £ 11,248,883,463 a change of 60.84%

12/03/2020 FTSE Closed at 5237 points. Change of -10.87%. Total value traded through LSE was: £ 6,993,953,766 a change of -24.85%

11/03/2020 FTSE Closed at 5876 points. Change of -1.41%. Total value traded through LSE was: £ 9,307,244,216 a change of -11.98%

10/03/2020 FTSE Closed at 5960 points. Change of -0.08%. Total value traded through LSE was: £ 10,574,130,773 a change of -8.51%

9/03/2020 FTSE Closed at 5965 points. Change of -7.55%. Total value traded through LSE was: £ 11,557,885,051 a change of 24.01%

6/03/2020 FTSE Closed at 6452 points. Change of -3.77%. Total value traded through LSE was: £ 9,320,342,676 a change of 15.12%

5/03/2020 FTSE Closed at 6705 points. Change of -1.61%. Total value traded through LSE was: £ 8,096,440,019 a change of 2.53%

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