{"id":1138,"date":"2019-08-08T22:53:28","date_gmt":"2019-08-08T21:53:28","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1138"},"modified":"2019-08-09T08:40:17","modified_gmt":"2019-08-09T07:40:17","slug":"ftse-for-9-08-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/08\/08\/ftse-for-9-08-2019\/","title":{"rendered":"FTSE for 9\/08\/2019"},"content":{"rendered":"\n

#DOW #DAX #GOLD <\/strong> Unusually, this is a report I’d prefer not write! Why? Because the market is making little sense presently. August is supposed to be a bit boring but predictable except thanks to a toxic combination of Mr Trump & Boris, it seems the world doesn’t know how to react.<\/p>\n\n\n\n

There’s often a reversal in the markets at the end of \nJuly \/ start of August and we often feel it’s the case of the markets being \n“parked” during the holiday season. This allows a bit of volatility but strong \nmovements are never expected until the grown-ups return in September. This year \nhas been just a little different and the FTSE, for instance, has been abandoned \nin a region where The Big Picture promises reversal down to 6,600 or so.<\/p>\n\n\n\n

If the market has indeed been “parked”, it’s the \nequivalent of dumping your kids in the central divider of the M25 and telling \nthem to place on the grass while you go shopping. As the chart below highlights, \nthe market is now trading below this years uptrend, only needing some negative \nforce to drive a dangerous and sharp reversal.<\/p>\n\n\n\n

Taking the attitude of the market indeed being parked, \nit appears anything near term on the FTSE above 7,286 points should prove \ncapable of a lift to an initial 7,332 points. If exceeded (and we do not expect \nall this on a Friday!) our secondary calculation is at 7,408 points. As the \nchart illustrates, the primary target indicates a challenge return to the RED \nuptrend. If the secondary is achieved, it will appear the drop was indeed \ninspired by the holiday mood and we should hope for further recovery as the \nmonth continues.<\/p>\n\n\n\n

Of course, we’d be remiss if we didn’t peer into the \nabyss… <\/p>\n\n\n\n

It looks like the index now requires fail below 7,207 \npoints to cause anguish as this calculates with an initial potential of 7,185 \npoints. If broken, secondary is at 7,156 points. Visually, there is reason to \nhope for a bounce, should 7,156 make an appearance.<\/p>\n\n\n\n

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

10:04:57PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

57.63<\/font><\/TD>

\n\t

56.64<\/font><\/TD>

\n\t

56.235<\/font><\/TD>

 <\/TD> \n\t

57.62<\/font><\/TD>

\n\t

57.92<\/font><\/TD>

\n\t

58.545<\/font><\/TD>

 <\/TD> \n\t

56.96<\/font><\/TD>

\n\t

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

\n\t

10:22:29PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1501.49<\/font><\/TD>

\n\t

1489<\/font><\/TD>

\n\t

1481.5<\/font><\/TD>

 <\/TD> \n\t

1510<\/font><\/TD>

\n\t

1510<\/font><\/TD>

\n\t

1516<\/font><\/TD>

 <\/TD> \n\t

1492<\/font><\/TD>

\n\t

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

\n\t

10:24:19PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7276.74<\/font><\/TD>

\n\t

7214<\/font><\/TD>

\n\t

7197.5<\/font><\/TD>

 <\/TD> \n\t

7304<\/font><\/TD>

\n\t

7305<\/font><\/TD>

\n\t

7328<\/font><\/TD>

 <\/TD> \n\t

7233<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:26:12PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5371<\/font><\/TD>

\n\t

5331<\/font><\/TD>

\n\t

5313<\/font><\/TD>

 <\/TD> \n\t

5376<\/font><\/TD>

\n\t

5388<\/font><\/TD>

\n\t

5404<\/font><\/TD>

 <\/TD> \n\t

5338<\/font><\/TD>

\n\t

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

\n\t

10:28:02PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

11807.16<\/font><\/TD>

\n\t

11716<\/font><\/TD>

\n\t

11672<\/font><\/TD>

 <\/TD> \n\t

11813<\/font><\/TD>

\n\t

11855<\/font><\/TD>

\n\t

11890<\/font><\/TD>

 <\/TD> \n\t

11733<\/font><\/TD>

\n\t

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

\n\t

10:29:52PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2932.07<\/font><\/TD>

\n\t

2880<\/font><\/TD>

\n\t

2868.5<\/font><\/TD>

 <\/TD> \n\t

2907<\/font><\/TD>

\n\t

2942<\/font><\/TD>

\n\t

2950<\/font><\/TD>

 <\/TD> \n\t

2893<\/font><\/TD>

\n\t

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

\n\t

10:32:59PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

26353.5<\/font><\/TD>

\n\t

26102<\/font><\/TD>

\n\t

26005<\/font><\/TD>

 <\/TD> \n\t

26209<\/font><\/TD>

\n\t

26400<\/font><\/TD>

\n\t

26434<\/font><\/TD>

 <\/TD> \n\t

26240<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:35:41PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7710<\/font><\/TD>

\n\t

7551<\/font><\/TD>

\n\t

7493.5<\/font><\/TD>

 <\/TD> \n\t

7607<\/font><\/TD>

\n\t

7741<\/font><\/TD>

\n\t

7799.5<\/font><\/TD>

 <\/TD> \n\t

7574<\/font><\/TD>

\n\t

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

\n\t

10:37:28PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

20790<\/font><\/TD>

\n\t

20520<\/font><\/TD>

\n\t

20456.5<\/font><\/TD>

 <\/TD> \n\t

20679<\/font><\/TD>

\n\t

20815<\/font><\/TD>

\n\t

20937<\/font><\/TD>

 <\/TD> \n\t

20520<\/font><\/TD>

\n\t

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

 <\/p>\n

8\/08\/2019 FTSE Closed at 7286 points. Change of 1.22%. Total value traded through LSE was: \u00a3 7,419,094,252 a change of 8.46%<\/h>\n","protected":false},"excerpt":{"rendered":"

#DOW #DAX #GOLD Unusually, this is a report I’d prefer not write! Why? Because the market is making little sense presently. August is supposed to be a bit boring but predictable except thanks to a toxic combination of Mr Trump & Boris, it seems the world doesn’t know how to react. There’s often a reversal … <\/p>\n

Continue reading “FTSE for 9\/08\/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-1138","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1138","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=1138"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1138\/revisions"}],"predecessor-version":[{"id":1139,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1138\/revisions\/1139"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1138"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}