{"id":1271,"date":"2019-10-10T23:23:45","date_gmt":"2019-10-10T22:23:45","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1271"},"modified":"2019-10-11T08:09:59","modified_gmt":"2019-10-11T07:09:59","slug":"ftse-for-friday-11-10-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/10\/10\/ftse-for-friday-11-10-2019\/","title":{"rendered":"#FTSE for Friday, 11\/10\/2019"},"content":{"rendered":"\n

#SP500 #JAPAN <\/strong>As the clock ticks down (or not) to Brexit, we’ve been considering suggestions on how to trade! The reason is fairly basic, there’s a good chance of market volatility with a bunch of lazy writers quoting trite Warren Buffet sayings. It would be nice to say we already know what’s coming but it’d also be utter bulls**t. While many respected economists are queuing up to do their “talking heads” thing to predict calamity, famine, markets crashing, lack of toilet paper, etc, it’s worth remembering not a single one of them got it right with the crash which culminated in 2009, a crash we still feel the effects of.<\/p>\n\n\n\n

It’s possible, if these clowns are predicting chaos, we \nshould actually anticipate the opposite, should Brexit actually happen.<\/p>\n\n\n\n

One thing is certain. Even if there is no chaos, the \nmarket will invent some on Brexit day as wild swings will be the immediate \nfashion. Of course, the reason for wild swings is rather less glamorous than \nfolk like to admit. A game of “trap the stop loss” and “trigger the order” will \ncommence, effectively meaning STOPS and ORDERS risk proving a really bad idea.<\/p>\n\n\n\n

Imagine, for instance, a trader with a cunning plan \nwhich involves Lloyds shares. Visually, there’s a heck of an argument suggesting \nthis should go up in price, if it only betters 57p. Equally, if it drops below \n48p, it’s probably going down. On Brexit day, it would be perfectly feasible for \nthe price to surge to 57p for a second, triggering the buy order. And at 2 \nseconds past 8am, it would probably fall below 48p, triggering the stop loss.<\/p>\n\n\n\n

So, if the trader had allocated \u00a310K to the Lloyds \ntrade, they’d lose nearly \u00a31,600 within the opening seconds of the market day. \nThis is not a fairytale, it happens.<\/p>\n\n\n\n

To trade safely at Brexit, if Brexit ever happens, \nSTOPS are liable to be the enemy and therefore, worth either expanding to absurd \nlevels or removing entirely. Equally, on the subject of ORDERS, they can prove \ndangerous unless opting to chase the absurd. In the case of Lloyds, a buy order \naround 30p would make sense. RBS on the other hand allows 142p, perhaps even \n100p.<\/p>\n\n\n\n

We’ll cover this in greater detail as the month \nunravels.<\/p>\n\n\n\n

As for Friday, the FTSE is making as much sense as a \nLabour politician when asked their policy on Europe. While genuinely preferring \nto avoid distain and distrust against any specific party (they all deserve it), \nLabour justifying a position where they approve of Europe membership, while \nbeing determined to leave is frankly beyond parody. Even up here in Scotland, \nlunatics appear to be flourishing in politics. <\/p>\n\n\n\n

At a time when almost 1\/4 million Scots marched in \ntorrential rain, on Edinburgh last weekend for independence (somehow the media \ndidn’t notice nor did the SNP) and nearly 2\/3 of the country voted Remain, it \nwould be logical to expect the SNP to be working hard to achieve their \nindependent aim? Nope, their focus appears to be on saving England from its \napparently mistaken belief that Leaving Europe is a good thing. Scottish \npoliticians seem to be competing with the national football team in achieving \nabsolutely nothing and being a joke in their own country.<\/p>\n\n\n\n

The index closed Thursday at 7197 points and appears to \nhave set 7225 points as a valid trigger level for any real rise. Above 7225 \nexpects a useless 7235 points initially with secondary, if bettered, at 7309 \nallegedly. Recent market behaviour has seen rises fail roughly half way to their \nsecondary and if this is the case again, the index will probably fizzle at 7270 \npoints or so.<\/p>\n\n\n\n

If triggered, the tightest stop looks like 7140 points.<\/p>\n\n\n\n

The alternate position; what happens if 7140 breaks? We \ncalculate reversal to an initial 7122 with secondary, if broken, at 7091 points. \nWe’d add, if the index starts trading below RED, this years uptrend, Boris need \nonly announce something daft to provoke 7027 points very fast.<\/p>\n\n\n\n

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

10:09:55PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

59.33<\/font><\/TD>

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

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

\n\t

10:11:51PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1494.75<\/font><\/TD>

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

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

\n\t

10:24:09PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7166.23<\/font><\/TD>

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

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:25:50PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5563<\/font><\/TD>

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

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

\n\t

10:27:35PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

12208.35<\/font><\/TD>

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

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

\n\t

10:28:54PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2951.62<\/font><\/TD>

\n\t

2906<\/font><\/TD>

\n\t

2885<\/font><\/TD>

\n\t

2861<\/font><\/TD>

\n\t

2930<\/font><\/TD>

\n\t

2957<\/font><\/TD>

\n\t

2965<\/font><\/TD>

\n\t

2977<\/font><\/TD>

\n\t

2906<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:31:06PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

26616<\/font><\/TD>

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

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:32:31PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7777.12<\/font><\/TD>

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

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:34:09PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

21738<\/font><\/TD>

\n\t

21448<\/font><\/TD>

\n\t

21351.5<\/font><\/TD>

\n\t

21219<\/font><\/TD>

\n\t

21633<\/font><\/TD>

\n\t

21749<\/font><\/TD>

\n\t

21800<\/font><\/TD>

\n\t

21967<\/font><\/TD>

\n\t

21570<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n\n<\/TABLE>\n\n

 <\/p>\n

10\/10\/2019 FTSE Closed at 7186 points. Change of 0.28%. Total value traded through LSE was: \u00a3 5,457,100,667 a change of 4.75%<\/h><\/p>\n
9\/10\/2019 FTSE Closed at 7166 points. Change of 0.32%. Total value traded through LSE was: \u00a3 5,209,605,060 a change of -0.79%<\/h><\/p>\n
8\/10\/2019 FTSE Closed at 7143 points. Change of -0.75%. Total value traded through LSE was: \u00a3 5,250,871,756 a change of -5.63%<\/h><\/p>\n
7\/10\/2019 FTSE Closed at 7197 points. Change of 0.59%. Total value traded through LSE was: \u00a3 5,564,169,791 a change of 8.23%<\/h><\/p>\n
4\/10\/2019 FTSE Closed at 7155 points. Change of 1.1%. Total value traded through LSE was: \u00a3 5,141,232,015 a change of -4.88%<\/h><\/p>\n
3\/10\/2019 FTSE Closed at 7077 points. Change of -0.63%. Total value traded through LSE was: \u00a3 5,404,760,567 a change of -16.8%<\/h><\/p>\n
2\/10\/2019 FTSE Closed at 7122 points. Change of -3.23%. Total value traded through LSE was: \u00a3 6,496,135,228 a change of -7.41%<\/h><\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

#SP500 #JAPAN As the clock ticks down (or not) to Brexit, we’ve been considering suggestions on how to trade! The reason is fairly basic, there’s a good chance of market volatility with a bunch of lazy writers quoting trite Warren Buffet sayings. It would be nice to say we already know what’s coming but it’d … <\/p>\n

Continue reading “#FTSE for Friday, 11\/10\/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-1271","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1271","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=1271"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1271\/revisions"}],"predecessor-version":[{"id":1272,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1271\/revisions\/1272"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1271"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}