FTSE, Mining, Banking, & Flying

The last six sessions of the #FTSE have been epically boring for us at Trends and Targets, giving a maximum range of 46 points. With all the “stuff” going on in the world, surely the UK market does not need try too hard to find an excuse to actually do something but despite the failure of the FTSE to become interesting, we’re curious about a couple of details which are otherwise unremarked.

Three sectors arouse our immediate interest, the Banking Sector, Major Miners, and Travel & Leisure. All three of these sectors are starting to take a real interest in life, using the time when the FTSE is otherwise asleep to display early signs of considerable hope for the months ahead. For instance, with the banking sector, we already see early suggestions of a justifiable 20% increase across share prices in the weeks ahead. And with the Miners, it’s pretty easy to extrapolate a 12% average rise across sector share prices. With Travel & Leisure we’re slightly less confident, the markets perhaps exercising caution with Covid-19 vaccines but in the event the sector index closes above 9,000 points, we anticipate an initial 15% surge in prices, perhaps over 30% if confidence floods back.

It’s obviously early days, especially as confidence has not yet leaked with sufficient force to nudge the FTSE but perhaps things shall reach a critical mass, moving with enhanced speed once the vaccine program rolls out in early March with under 50’s receiving ‘The Call’ to attend a clinic.

Hey, chart goes here

 

As for our popular FTSE for Friday, we’re inclined to some near term alarm, thanks to whatever scared the pants off America on Thursday. With the S&P down 2.5%, the Nasdaq down 3.6% and the Dow Jones experiencing a 1.8% drop, we suspect a bout of nerves shall leach across the Atlantic for Friday, provoking some reversals. At least, until the USA opens for business!

When the USA closed on Thursday, FTSE Futures were at 6588, substantially below the UK markets closing price of 6651 points. As a result, it’s probable the UK shall open solidly down on Friday morning and this presents some major problems.

In the event the FTSE opens below 6607 points, we suspect continued reversals to an initial 6577 points with secondary, if broken, at 6508 and hopefully a bounce.

 

The opposite scenario is quite strange as should the FTSE open above 6607, there’s a chance of some insane and unexpected recovery toward 6650 with secondary 6701 points. It can be safely assumed we don’t expect this as it nudges the UK into a region where we can again discuss the possibility of future movements to 7133 points and above.

 

Have a good weekend, for amusement keep an eye on Scottish Politics (They now have renamed ‘The Crown Office’ to ‘The Clown Office’) and importantly, Formula1 recommences in just 30 days.

 

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
10:54:48PM BRENT 66.1 65.59 64.825 66.45 66.57 67.025 65.64 ‘cess
11:04:56PM GOLD 1770.51 1768 1763 1783 1801 1809.5 1785 ‘cess
11:07:02PM FTSE 6601.5 6567 6550 6641 6653 6665.5 6599
11:11:33PM FRANCE 5727 5714 5674 5767 5770 5793.5 5730 Success
11:14:44PM GERMANY 13781 13731 13668.5 13851 13860 13913.5 13765 Success
11:17:35PM US500 3830 3824 3813 3870 3874 3898.5 3834 Shambles
11:23:10PM DOW 31420 31286 31088.5 31538 31699 31865 31480 Success
11:25:27PM NASDAQ 12803 12765 12746.5 12915 13055 13151 12880 ‘cess
11:27:54PM JAPAN 29615 29538 29471 29680 29913 30032.5 29712 Shambles
25/02/2021 FTSE Closed at 6651 points. Change of -0.11%. Total value traded through LSE was: £ 6,358,793,501 a change of -9.6%
24/02/2021 FTSE Closed at 6658 points. Change of 0.5%. Total value traded through LSE was: £ 7,033,846,680 a change of -16.27%
23/02/2021 FTSE Closed at 6625 points. Change of 0.2%. Total value traded through LSE was: £ 8,400,811,010 a change of 24.64%
22/02/2021 FTSE Closed at 6612 points. Change of -0.18%. Total value traded through LSE was: £ 6,739,937,565 a change of 0.76%
19/02/2021 FTSE Closed at 6624 points. Change of 0.11%. Total value traded through LSE was: £ 6,689,261,003 a change of 15.24%
18/02/2021 FTSE Closed at 6617 points. Change of -1.39%. Total value traded through LSE was: £ 5,804,629,617 a change of -22.73%
17/02/2021 FTSE Closed at 6710 points. Change of -0.56%. Total value traded through LSE was: £ 7,511,824,336 a change of 35.06%

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