{"id":1169,"date":"2019-08-22T23:49:22","date_gmt":"2019-08-22T22:49:22","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1169"},"modified":"2019-08-23T08:33:50","modified_gmt":"2019-08-23T07:33:50","slug":"ftse-for-23-08-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/08\/22\/ftse-for-23-08-2019\/","title":{"rendered":"FTSE for 23\/08\/2019"},"content":{"rendered":"\n

FTSE for FRIDAY<\/strong> Approaching the final week of a grotty month, the #FTSE currently behaves like a driver in slow traffic with a police car behind. Exquisite caution is being exercised and we feel it’s justified. Too many things are piling up, suggesting some reversal is almost upon us. This, obviously, would be silly for the driver of the car in traffic!<\/p>\n\n\n\n

Thursday proved a bit of a puzzle, literally world \nwide. Many markets (aside from the DOW) experienced upward triggers yet failed \nto move. Equally, a few hit downward triggers yet failed to move. The DOW, \ndesperate to please, hit an upward trigger, achieving initial target. It later \nhit a downward trigger, also achieving target. In plain English, it left us \npainfully aware the market isn’t giving away any immediate direction hints.<\/p>\n\n\n\n

For Friday, the FTSE is interesting. Weakness now below \n7103 points suggests coming reversal to an initial 7084 points. If broken, \nsecondary calculates at 7010 points and hopefully some sort of near term bounce. \nIf triggered, the tightest stop  looks like 7149 points.<\/p>\n\n\n\n

What happens if 7149 is exceeded?<\/p>\n\n\n\n

Initially, surprise recovery to an initial 7168 makes \nsome sense. If exceeded, our longer term secondary is at 7189 points.<\/p>\n\n\n\n

In both scenario, we’d remind the market is proving \ncautious and we shall not be aghast if the FTSE mimics everywhere else by only \nchasing initial targets.<\/p>\n\n\n\n

Have a good, dry, weekend.<\/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

10:13:39PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

69.69<\/font><\/TD>

\n\t

59.14<\/font><\/TD>

\n\t

58.925<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

60.58<\/font><\/TD>

\n\t

60.96<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

\n\t

10:15:43PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1498.56<\/font><\/TD>

\n\t

1492<\/font><\/TD>

\n\t

1489<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

1505<\/font><\/TD>

\n\t

1508.5<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

\n\t

10:18:04PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7127.78<\/font><\/TD>

\n\t

7101<\/font><\/TD>

\n\t

7084<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

7204<\/font><\/TD>

\n\t

7225.5<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

\n\t

10:22:57PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5394.2<\/font><\/TD>

\n\t

5387<\/font><\/TD>

\n\t

5373<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

5431<\/font><\/TD>

\n\t

5450<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

\n\t

10:24:41PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

11749<\/font><\/TD>

\n\t

11707<\/font><\/TD>

\n\t

11674.5<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

11856<\/font><\/TD>

\n\t

11902<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

\n\t

10:27:00PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2920.77<\/font><\/TD>

\n\t

2903<\/font><\/TD>

\n\t

2891<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

2939<\/font><\/TD>

\n\t

2950<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

\n\t

10:40:21PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

26230<\/font><\/TD>

\n\t

26087<\/font><\/TD>

\n\t

26011.5<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

26379<\/font><\/TD>

\n\t

26424.5<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:44:08PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7702.37<\/font><\/TD>

\n\t

7643<\/font><\/TD>

\n\t

7630<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

7737<\/font><\/TD>

\n\t

7761.5<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

\n\t

10:45:38PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

20598<\/font><\/TD>

\n\t

20535<\/font><\/TD>

\n\t

20486.5<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

20696<\/font><\/TD>

\n\t

20753<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

22\/08\/2019 FTSE Closed at 7128 points. Change of -1.04%. Total value traded through LSE was: \u00a3 5,055,126,990 a change of 4.34%<\/h>\n","protected":false},"excerpt":{"rendered":"

FTSE for FRIDAY Approaching the final week of a grotty month, the #FTSE currently behaves like a driver in slow traffic with a police car behind. Exquisite caution is being exercised and we feel it’s justified. Too many things are piling up, suggesting some reversal is almost upon us. This, obviously, would be silly for … <\/p>\n

Continue reading “FTSE for 23\/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-1169","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1169","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=1169"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1169\/revisions"}],"predecessor-version":[{"id":1170,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1169\/revisions\/1170"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1169"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}