{"id":1007,"date":"2019-06-13T22:31:51","date_gmt":"2019-06-13T21:31:51","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1007"},"modified":"2019-06-14T08:09:17","modified_gmt":"2019-06-14T07:09:17","slug":"ferrari-and-friday-ftse-for-14-06-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/06\/13\/ferrari-and-friday-ftse-for-14-06-2019\/","title":{"rendered":"Ferrari and Friday FTSE for 14\/06\/2019"},"content":{"rendered":"\n

#Brent #France Despite enjoying a horrific F1 season, Ferrari share price appears to be resilient. We’d assumed, following last weekends attempt to “cheat” their way to victory, the price would take a hammering but instead, it remains on track with hope of giving further growth to new highs.<\/p>\n\n\n\n

The furore over a Ferrari driver who, when pressured \nfor the lead, drove off track, cutting a corner. Once the car was completely off \ntrack, the following Mercedes was thus in the lead until the Ferrari bloke \nrejoined the track and tried force him into the wall. For a few days, plenty of \nex-F1 drivers were moaning Ferrari should not have suffered a penalty, that \nchorus of complaint abruptly stopping when technical data was published showing \nexactly what the Ferrari guy had done. There’s nothing quite like a bit of \ncontroversy to make a race interesting but we’d question why the Ferrari just \ndidn’t cede the place they’d gained unfairly?<\/p>\n\n\n\n

Perhaps the more interesting thing about this nonsense \nis final proof Ferrari performance on track has nothing to do with their share \nprice!<\/p>\n\n\n\n

The immediate situation allows for moves above 155.75 \nto provoke continued growth to 160 and a new all time high. Of greater interest \nis the secondary, should 155.75 be exceeded. We calculate Ferrari has sufficient \nimpetus for a longer term boost to 185. For it all to go wrong, the share \nrequires closing a session below 132 dollars. While perhaps below the immediate \nuptrend at 140 will serve to cancel the future, we’d really prefer the 132 level \nas the “safe” point for stop loss.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

FTSE for FRIDAY <\/strong>\nLess controversial the Ferrari but no less exciting (okay, that’s rubbish), the \nUK index broke the immediate uptrend for 2019, only to recover above it a few \nweeks later. In fact, from a bigger picture perspective, it’s difficult not to \nadmit we suspect the next major point of interest is around the 7,600 level. Our \nusual logic implies this means short positions are liable to underperform.<\/p>\n\n\n\n

Near term, reversal below 7350 suggests coming travel \ndown to 7300, a point we’d expect a rebound. In fact, we’d have considerable \nalarm if 7300 breaks as reversal to 7230 and below becomes very possible.<\/p>\n\n\n\n

More likely, it appears moves below 7381 should power \nrecovery to a truly useless 7392 points. What surprises, if 7392 is exceeded, is \nour secondary at 7471 points, along with a challenge of the downtrend since last \nyear. Recent, often grudging, movements of the FTSE tend suggest hoping for a \n100 point day should join other ambitions, such as wishing the media would focus \nless Brexit and political leadership campaigns. Surely there’s a cat up a tree \nsomewhere, deserving an in-depth report.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n<\/a><\/font><\/p>\n\n\n
\n\t

Time Issued<\/font><\/TD>

\n\t

Market<\/font><\/TD>

\n\t

Price At Issue<\/font><\/TD>

\n\t

Short Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Long Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Prior<\/font><\/TD> <\/TR>\nFUTURES<\/font><\/a>

\n\t

9:47:40PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

60.98<\/font><\/TD>

\n\t

59.41<\/font><\/TD>

\n\t

58.665<\/font><\/TD>

\n\t

57.48<\/font><\/TD>

\n\t

61.03<\/font><\/TD>

\n\t

62.22<\/font><\/TD>

\n\t

62.4375<\/font><\/TD>

\n\t

62.9<\/font><\/TD>

\n\t

60.37<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

9:49:13PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1342.08<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

9:54:08PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7376.82<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

9:56:01PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5371.5<\/font><\/TD>

\n\t

5352<\/font><\/TD>

\n\t

5335<\/font><\/TD>

\n\t

5303<\/font><\/TD>

\n\t

5393<\/font><\/TD>

\n\t

5395<\/font><\/TD>

\n\t

5412<\/font><\/TD>

\n\t

5432<\/font><\/TD>

\n\t

5357<\/font><\/TD>

\n\t

<\/TD> <\/TR>\n

\n\t

9:58:10PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

12180<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:00:15PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2894.42<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

10:02:11PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

26121.6<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Shambles<\/font><\/TD> <\/TR>\n

\n\t

10:15:23PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7508.37<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

10:20:14PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

21062<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n\n<\/TABLE>\n\n

13\/06\/2019 FTSE Closed at 7368 points. Change of 0.01%. Total value traded through LSE was: \u00a3 4,923,428,175 a change of -21.53%<\/h>\n","protected":false},"excerpt":{"rendered":"

#Brent #France Despite enjoying a horrific F1 season, Ferrari share price appears to be resilient. We’d assumed, following last weekends attempt to “cheat” their way to victory, the price would take a hammering but instead, it remains on track with hope of giving further growth to new highs. The furore over a Ferrari driver who, … <\/p>\n

Continue reading “Ferrari and Friday FTSE for 14\/06\/2019”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1007","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=1007"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1007\/revisions"}],"predecessor-version":[{"id":1008,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1007\/revisions\/1008"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1007"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}