FTSE for FRIDAY and YouGov Plc (LSE:YOU & FTSE:UKX)
Movements are a funny old thing. This year, and we are only on Month Three, we’ve seen a series of movements taking over the media. Fast losing media interest is the Israel/Gaza thing, joining the Russia/Ukraine thing on the boring shelf, alongside the Trans silly arguments and now, we’ve the Trump/Biden mess threatening to take precedence. We rather strongly suspect the UK shall opt to try and sneak a General Election in May, during the US chaotic noise. Of course, this gives some justification to review how one of the polling companies is doing on the stock market!
Oddly, despite finding Mr Trump a truly abhorrent option, the only thing worse than him seems to be the current US President Biden, someone who is displaying fairly advanced symptoms of dementia. Together, they present a similar structure to that facing UK voters where we’re presented with a pair of political entities, each of which has proved their ability to dodge accusations of competence. Perhaps the time has come for a “None Of The Above” option to enter ballot papers, giving everyone a chance to voice their true feelings.
Anyway, returning to being whimsical, YouGov certainly have potentials, the market doubtless forecasting a massive year of ridiculous “Voter Intention” surveys. Currently trading around 1165p, it needs above 1230p to hopefully trigger a cycle up to an initial 1528p with secondary, if beaten, a ridiculous looking 1818p and a new all time high. Visually, it appears certain 1528p shall provoke some hesitation, if achieved.
If things intend go wrong for this vote influencer, below 1000p appears to have the potential of triggering reversal to an initial 844p with secondary, if broken, at a bottom of 772p and perhaps a bounce.
As for the FTSE for FRIDAY, the UK market is certainly (finally) starting to look interesting. Index movements now exceeding 7786 should create a scenario, where recovery to an initial 7846 is possible with our secondary, if beaten, at 7896 and a chance of some hesitation. However, this situation gives an impression the market is finally breaking from hiatus since 2022, along with the hope it’s entering a new ball game. This being the case, we can produce a Big Picture cycle ambition at a longer term 8038 with our eventual secondary coming along at 8178 points.
Near term, if the FTSE plans any mischief, below 7719 allows for reversal to an initial tame 7704 points with our secondary, if broken, at 7677 points and hopefully a rebound.
Have a good weekend, one thankfully without a boring Grand Prix. Hopefully the next one from Australia shall provide entertainment.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:18:39PM | BRENT | 8469 | 8402 | 8355 | 8452 | 8532 | 8576 | 8470 | ‘cess | ||
| 9:22:47PM | GOLD | 2161.72 | 2157 | 2155 | 2165 | 2173 | 2179 | 2162 | |||
| 9:27:43PM | FTSE | 7729.8 | 7711 | 7699 | 7740 | 7746 | 7753 | 7725 | ‘cess | ||
| 10:27:49PM | STOX50 | 4988.3 | 4973 | 4962 | 4995 | 5000 | 5008 | 4985 | ‘cess | ||
| 10:32:03PM | GERMANY | 17915.5 | 17882 | 17851 | 17932 | 17946 | 17976 | 17901 | Success | ||
| 10:37:14PM | US500 | 5152.9 | 5123 | 5119 | 5156 | 5162 | 5172 | 5144 | Success | ||
| 10:40:02PM | DOW | 38903 | 38690 | 38622 | 38908 | 39028 | 39125 | 38895 | Shambles | ||
| 10:42:30PM | NASDAQ | 18008.6 | 17912 | 17793 | 18030 | 18092 | 18152 | 18014 | Success | ||
| 10:46:47PM | JAPAN | 38513 | 38306 | 38180 | 38530 | 38897 | 38989 | 38764 | ‘cess |