#FTSE #SP500
“It’s beginning to feel a lot like Chaos” almost sounds like a song title. With Covid-19 causing the UK’s isolation from Europe, only within Britain could things become more stupidly enacted. News of the new version of the virus apparently not becoming dangerous until after Xmas, unless you live in Wales, provoked some ridiculous behaviour. Travel within the UK is still possible, politicians fearing negative feedback if internal borders are closed. Illogical nods in the direction of “being seen to do something” came with recommendations on the size of family gatherings.
Here in our bit of Scotland, the usual invasion by grandchildren for the holiday break has been adjusted, thanks to travel within Scotland not being allowed after Xmas day. As we were not keen on the idea of hosting the monsters for at least 21 days, Christmas was brought forward to Tuesday 21st with the girls returning home on the 24th December. It makes sense, or at least it would, had reliable Covid tests been available prior to their invasion this weekend.
Of course, thrown into this mix has been the failure of the UK and Europe to complete their Brexit talks, the latest health emergency ensuring the political self imposed deadline was missed on Sunday.
None of this has anything to do with Barclays share price. Or does it?
Our previous review against Barclays three weeks ago gave criteria for the share to boost to 154p, a number which has been completely absent from recent movements. Instead, the price achieved 150p before flopping back to 135p. This version of reality has imposed itself across many members of the FTSE 100, the index clearly feeling the indecision broadcast by a UK Govt seemingly more concerned with headlines rather than substance.
We shall be quite concerned, if Barclays (presently trading around 145p) finds an excuse to fall below 137p on the chart (Red) as this feels capable of providing reversal to an initial 125p with secondary, if broken, at a bottom hopefully of 116p. There’s a very real danger if the share price finds an excuse to close a session below 116p, sharp reversal to 68p becomes viable.
There is some hope available, the share price needing to trade above 150p to impart the potential of Christmas cheer. Above this level, recovery to 161p calculates as possible with secondary, if bettered, a rather more useful 190p.
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | PriorFUTURES |
| 8:22:33PM | BRENT | 52.35 | 51.17 | 50.78 | 50.22 | 51.87 | 52.46 | 55.15 | 55.49 | 42.42 | Success |
| 8:24:36PM | GOLD | 1882.13 | 1877 | 1873.5 | 1868 | 1888 | 1896 | 1901 | 1909 | 1878 | |
| 8:27:31PM | FTSE | 6538 | 6505 | 6476 | 6433 | 6551 | 6568 | 6585.5 | 6612 | 6518 | Shambles |
| 8:39:30PM | FRANCE | 5511.7 | 5498 | 5476 | 5438 | 5537 | 5551 | 5558 | 5578 | 5522 | ‘cess |
| 8:52:06PM | GERMANY | 13675 | 13597 | 13532.5 | 13452 | 13680 | 13733 | 13795.75 | 13909 | 13600 | ‘cess |
| 8:54:18PM | US500 | 3725 | 3685 | 3670 | 3650 | 3720 | 3728 | 3732 | 3767 | 3706 | Shambles |
| 8:57:46PM | DOW | 30377 | 30178 | 30077.5 | 29976 | 30282 | 30382 | 30471 | 30618 | 30262 | Success |
| 9:01:50PM | NASDAQ | 12750 | 12654 | 12593.5 | 12529 | 12730 | 12763 | 12791.5 | 12853 | 12658 | Shambles |
| 9:13:01PM | JAPAN | 26876 | 26683 | 26582.5 | 26469 | 26793 | 26925 | 26959 | 27051 | 26750 |
18/12/2020 FTSE Closed at 6529 points. Change of -0.34%. Total value traded through LSE was: £ 9,442,789,780 a change of 73.6%
17/12/2020 FTSE Closed at 6551 points. Change of -0.29%. Total value traded through LSE was: £ 5,439,357,090 a change of -30.57%
16/12/2020 FTSE Closed at 6570 points. Change of 0.88%. Total value traded through LSE was: £ 7,834,302,099 a change of 42.32%
15/12/2020 FTSE Closed at 6513 points. Change of -0.28%. Total value traded through LSE was: £ 5,504,806,685 a change of -17.61%
14/12/2020 FTSE Closed at 6531 points. Change of -0.23%. Total value traded through LSE was: £ 6,681,528,209 a change of 9.32%
11/12/2020 FTSE Closed at 6546 points. Change of -0.8%. Total value traded through LSE was: £ 6,112,009,870 a change of -15.57%
10/12/2020 FTSE Closed at 6599 points. Change of 0.53%. Total value traded through LSE was: £ 7,239,162,237 a change of 27.24%