FTSE Big Pic 10/04/2020

#FTSE #DOW Usually, we’d be doing mental handstands, the period between Xmas and the Easter market break usually dragging on for years. This time, we were taken completely unawares by Easter, utterly surprised at the market closing on Friday and Monday. Where did that come from? Hopefully, we’re not the only folk aghast at the sudden appearance of a ‘holiday’. For us, the penny finally dropped once the US closed on Thursday.

Of course, we can’t actually do anything for the ‘holiday’. The demon grand-daughters cannot visit but equally, we can’t pack the dogs into the car and grab a ferry to an island with a decent beach and BBQ potentials. Absolutely nothing shall differentiate this weekend from every other recently except, perhaps, the weather.

 

On the other hand, the FTSE managed to close for the long weekend in a region which apparently permits some optimism. You’re going to need sit down for the next bit.

 

Our software claims movement now above 5,845 allows market travel to an initial 6,266 points. If exceeded, the secondary calculation is now at 6,499 points and beyond. Sharp-eyed readers will notice we’ve credited this potential entirely to ‘our software’, thanks to a decision to employ social distancing from the computer.

It will be worth remembering, come the market re-opening on Tuesday, all the bean counters who count death shall return to work. There’s the risk the media will joyfully find some truly dreadful numbers to gloat over, somehow managing to consign the fact it’s 4 days of misery into the small print.

 

For now, have a safe weekend. And enjoy the chocolate.

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

10:16:01PM

BRENT

32.77

32.1

30.325

34.5

36.88

37.4375

33.4

Success

10:22:26PM

GOLD

1685.88

1670

1664.5

1685

1690

1698.5

1673

Success

10:25:50PM

FTSE

5882

5784

5756.5

5866

5893

5940

5797

Success

10:37:47PM

FRANCE

4533.7

4403

4360

4474

4561

4581

4463

‘cess

10:39:52PM

GERMANY

10707

10489

10442

10588

10712

10778

10532

‘cess

10:41:34PM

US500

2793

2705

2652.5

2777

2806

2823.5

2758

Success

11:04:04PM

DOW

23776

23620

23496

23832

24015

24216

23678

Success

11:10:27PM

NASDAQ

8247

8112

8073

8217

8300

8326

8205

‘cess

11:12:09PM

JAPAN

19467

19126

18997

19380

19615

19669.5

19336

Success

9/04/2020 FTSE Closed at 5842 points. Change of 2.91%. Total value traded through LSE was: £ 7,054,916,655 a change of 16.86%
8/04/2020 FTSE Closed at 5677 points. Change of -0.47%. Total value traded through LSE was: £ 6,036,851,647 a change of -23.98%
7/04/2020 FTSE Closed at 5704 points. Change of 2.19%. Total value traded through LSE was: £ 7,941,411,250 a change of 28.33%
6/04/2020 FTSE Closed at 5582 points. Change of 3.08%. Total value traded through LSE was: £ 6,188,185,847 a change of 7.79%
3/04/2020 FTSE Closed at 5415 points. Change of -1.19%. Total value traded through LSE was: £ 5,740,716,351 a change of -13.64%
2/04/2020 FTSE Closed at 5480 points. Change of 0.48%. Total value traded through LSE was: £ 6,647,447,638 a change of -4.67%
1/04/2020 FTSE Closed at 5454 points. Change of -3.83%. Total value traded through LSE was: £ 6,973,403,008 a change of -12.8%

 

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