FTSE for FRIDAY 15/05/2020

#Gold #Dow #FTSE Two wood pigeon, a crow, and a magpie walked into a bar and none of them were even blonde! Walking in the forest on Thursday, the same 4 birds looked deep in conversation, just standing on the grass. Grudgingly, they flew off before the camera app would even start. The FTSE, down 3.5% at the time, was clearly the victim of the animals scheming as there was no doubt they were up to no good.

 

When the markets experience “A Day” such as Thursday, curiosity demands the cause be identified with the first check being the Business section of Google News, always expecting the media to be misreporting something Trump or Johnston has said. The next choice is presently China and aside from a brilliant headline – “China Threatens to Stop Buying Aussie Politicians” – there was nothing clear. It’s Thursday and US weekly jobless claims day, an event usually capable of driving the market upward regardless how many people are not eating properly. Oil prices proved pretty useless, Gold was slightly interesting. But UK and Europe indexes had taken a stupid pill, as had the US market futures prior to the open.

It looked like our initial suspects, the 2 fat pigeons, a crow, and a magpie, must indeed be the culprits thanks to conventional news sources being utterly divided as to the cause of a day of flamboyant drops. Of course, it’s the markets, and sometimes things happen because things happen. However, from our perspective, there was to be something pretty useful with the level of drops achieved, one of the rare situations where we can be pretty confident of a future scenario.

 

There appears to be a pretty major trigger level down at 5,660 points. Movement now below such a point promises reversal to an initial 5,550 points followed by a bounce of sorts. But if 5,550 breaks, it’s easy to suspect a secondary of 5,395 shall make itself known pretty fast. If triggered, the tightest stop is at 5,775 and hideously wide. It’s possible 5,720 will suffice but the levels of volatility presently are tending demand absurd stop levels.

Equally, it’s visually possible no stop shall be required if the movement triggers as reversal risks being swift.

 

A contrary scenario asks, what happens if the FTSE (not after hours futures) exceeds 5,775 points? In such a case, we’d hope for movement to an initial 5,851 points with secondary, if bettered, at 5,907 points. Put plainly, we’re about to experience a “Fingers Crossed Friday!”

Have a good weekend.

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
10:39:56PM BRENT 31.77 30 29.505 31 31.8 31.915 30.27 ‘cess
10:42:15PM GOLD 1730.72 1710 1701 1719 1737 1741.75 1721 Success
10:44:19PM FTSE 5789.07 5720 5688.5 5790 5801 5849.5 5724 Success
11:02:27PM FRANCE 4303.02 4242 4170 4303 4315 4323.5 4242 Success
11:04:48PM GERMANY 10462 10164 10076 10286 10481 10566 10355 Success
11:14:32PM US500 2851.84 2828 2810.5 2860 2859 2864 2831 Success
11:17:06PM DOW 23634 23223 23095 23420 23683 23813.75 23430 Success
11:19:00PM NASDAQ 9093 8930 8862 9020 9116 9148.5 9016 ‘cess
11:20:53PM JAPAN 20078 19900 19748.5 20100 20161 20249.25 19900 Success

 

14/05/2020 FTSE Closed at 5741 points. Change of -2.76%. Total value traded through LSE was: £ 6,132,234,871 a change of 5.73%
13/05/2020 FTSE Closed at 5904 points. Change of -1.5%. Total value traded through LSE was: £ 5,799,712,485 a change of 7.88%
12/05/2020 FTSE Closed at 5994 points. Change of 0.93%. Total value traded through LSE was: £ 5,375,886,438 a change of -7.35%
11/05/2020 FTSE Closed at 5939 points. Change of 0.07%. Total value traded through LSE was: £ 5,802,382,632 a change of 2.67%
7/05/2020 FTSE Closed at 5935 points. Change of 1.4%. Total value traded through LSE was: £ 5,651,341,668 a change of -8.8%
6/05/2020 FTSE Closed at 5853 points. Change of 0.07%. Total value traded through LSE was: £ 6,196,887,003 a change of 18.35%
5/05/2020 FTSE Closed at 5849 points. Change of -100%. Total value traded through LSE was: £ 5,236,126,168 a change of 0%

 

 

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