{"id":1284,"date":"2019-10-17T23:05:22","date_gmt":"2019-10-17T22:05:22","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1284"},"modified":"2019-10-18T08:22:32","modified_gmt":"2019-10-18T07:22:32","slug":"ftse-for-18-10-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/10\/17\/ftse-for-18-10-2019\/","title":{"rendered":"#FTSE for 18\/10\/2019"},"content":{"rendered":"\n

#F<\/strong>reeFutures Despite the FTSE index only being up 0.2%, it has been an extraordinary week for the market with surprising numbers of shares nudging above their growth triggers. Very few have reached their initial targets. Perhaps suggesting caution until news of a Brexit deal actually turns out to be real! Until then, just watch “The Good Place” on telly…<\/p>\n\n\n\n

Even then, there risks being trouble on the horizon.\n<\/p>\n\n\n\n

In a world already aflame with protest against \ncack-handed government, Hong Kong protests invade our nightly news, protests on \nSpain continued unabashed (unless including the bashing from the police), and of \ncourse, French protests have become so commonplace, the media ignores them. In \nthe wings, the UK faces a problem with Scotland if the current agreement goes \nahead. Apparently it disadvantages the entire country, already agitating for \nindependence and voted nearly 2\/3 against leaving the EU. While unrest from \nScotland feels unthinkable, nearly 4% of the population marched on Edinburgh in \nfoul conditions a few days ago in favour of independence. This massive turnout \nwas not widely covered by UK media, aside from an interesting analysis on the \nBBC suggesting if more than 3.5% of a counties populace take to the streets, \ntheir revolution will succeed.<\/p>\n\n\n\n

Long story short, even if Westminster successfully \nachieves some sort of Brexit agreement, it becomes highly unlikely we’ve seen \nthe end of this messy story as far as the UK is concerned.<\/p>\n\n\n\n

For Friday, the FTSE is in a fairly interesting \nposition. It closed Thursday at 7182 and needs exceed Thursday high of 7238 \nbefore we dare believe the FTSE is celebrating in earnest, showing the potential \nof some real recovery. Near term, above 7242 indicates coming growth to an \ninitial 7257 points. If exceeded, secondary is a more useful 7294 points and a \nlevel where some hesitation is expected. However, if the market opts to “go for \nit”,  we can mention a third level target at 7349 and this calculates as a \npoint where some volatility is expected. Interesting to note, it also intersects \nwith the downtrend since July.<\/p>\n\n\n\n

As always, we’ve an “however” and alternate scenario. \nThe lowest the market has achieved in October has been 7004 points, this being a \nconcern. We had calculated a “bottom and bounce level” at 7034 points and the \nindex squirmed below. Thankfully, for those chasing a bounce, we’d also proposed \na stop loss around 6,990 points and the index has certainly provided payback.<\/p>\n\n\n\n

But our 7034 did break, hinting at a risk of real \nweakness if sufficient excuse discovered.<\/p>\n\n\n\n

Now, below 7141 calculates as entering a cycle down to \nan initial 7083 points. If broken, secondary calculates at 7024. This again \nshall take the FTSE into the land of lower lows where an ill timed Tweet or \npolitical quote could rapidly provoke reversal to 6750 points.<\/p>\n\n\n\n

For now, we shall not be surprised to witness 7349 \nbefore everything unravels again.<\/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

10:01:40PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

59.67<\/font><\/TD>

\n\t

58.25<\/font><\/TD>

\n\t

57.87<\/font><\/TD>

 <\/TD> \n\t

59.3<\/font><\/TD>

\n\t

59.77<\/font><\/TD>

\n\t

60.14<\/font><\/TD>

 <\/TD> \n\t

59.12<\/font><\/TD>

\n\t

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

\n\t

10:04:46PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1492.5<\/font><\/TD>

\n\t

1487<\/font><\/TD>

\n\t

1484.125<\/font><\/TD>

 <\/TD> \n\t

1495<\/font><\/TD>

\n\t

1498<\/font><\/TD>

\n\t

1501<\/font><\/TD>

 <\/TD> \n\t

1489<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:06:19PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7185.43<\/font><\/TD>

\n\t

7161<\/font><\/TD>

\n\t

7139<\/font><\/TD>

 <\/TD> \n\t

7195<\/font><\/TD>

\n\t

7239<\/font><\/TD>

\n\t

7255<\/font><\/TD>

 <\/TD> \n\t

7162<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:11:55PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5677.2<\/font><\/TD>

\n\t

5656<\/font><\/TD>

\n\t

5627.5<\/font><\/TD>

 <\/TD> \n\t

5710<\/font><\/TD>

\n\t

5737<\/font><\/TD>

\n\t

5746.25<\/font><\/TD>

 <\/TD> \n\t

5674<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:32:09PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

12661.28<\/font><\/TD>

\n\t

12592<\/font><\/TD>

\n\t

12522.5<\/font><\/TD>

 <\/TD> \n\t

12726<\/font><\/TD>

\n\t

12812<\/font><\/TD>

\n\t

12867<\/font><\/TD>

 <\/TD> \n\t

12619<\/font><\/TD>

\n\t

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

\n\t

10:34:02PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2999.32<\/font><\/TD>

\n\t

2985<\/font><\/TD>

\n\t

2980.5<\/font><\/TD>

 <\/TD> \n\t

3003<\/font><\/TD>

\n\t

3009<\/font><\/TD>

\n\t

3012.5<\/font><\/TD>

 <\/TD> \n\t

2990<\/font><\/TD>

\n\t

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

\n\t

10:37:04PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

27040<\/font><\/TD>

\n\t

26914<\/font><\/TD>

\n\t

26867.5<\/font><\/TD>

 <\/TD> \n\t

27077<\/font><\/TD>

\n\t

27126<\/font><\/TD>

\n\t

27191.5<\/font><\/TD>

 <\/TD> \n\t

27001<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:39:54PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7944.37<\/font><\/TD>

\n\t

7912<\/font><\/TD>

\n\t

7886.5<\/font><\/TD>

 <\/TD> \n\t

7952<\/font><\/TD>

\n\t

7957<\/font><\/TD>

\n\t

7988<\/font><\/TD>

 <\/TD> \n\t

7930<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:42:33PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

22524<\/font><\/TD>

\n\t

22421<\/font><\/TD>

\n\t

22315<\/font><\/TD>

 <\/TD> \n\t

22612<\/font><\/TD>

\n\t

22690<\/font><\/TD>

\n\t

22765.5<\/font><\/TD>

 <\/TD> \n\t

22200<\/font><\/TD>

\n\t

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

17\/10\/2019 FTSE Closed at 7182 points. Change of 0.21%. Total value traded through LSE was: \u00a3 6,840,362,941 a change of -0.43%<\/h><\/p>\n
16\/10\/2019 FTSE Closed at 7167 points. Change of -0.61%. Total value traded through LSE was: \u00a3 6,869,588,006 a change of -8.47%<\/h><\/p>\n
15\/10\/2019 FTSE Closed at 7211 points. Change of -0.03%. Total value traded through LSE was: \u00a3 7,505,649,682 a change of 32.93%<\/h><\/p>\n
14\/10\/2019 FTSE Closed at 7213 points. Change of -0.47%. Total value traded through LSE was: \u00a3 5,646,210,010 a change of -31.78%<\/h><\/p>\n
11\/10\/2019 FTSE Closed at 7247 points. Change of 0.85%. Total value traded through LSE was: \u00a3 8,276,859,342 a change of 51.67%<\/h><\/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\n\n","protected":false},"excerpt":{"rendered":"

#FreeFutures Despite the FTSE index only being up 0.2%, it has been an extraordinary week for the market with surprising numbers of shares nudging above their growth triggers. Very few have reached their initial targets. Perhaps suggesting caution until news of a Brexit deal actually turns out to be real! Until then, just watch “The … <\/p>\n

Continue reading “#FTSE for 18\/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-1284","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1284","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=1284"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1284\/revisions"}],"predecessor-version":[{"id":1285,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1284\/revisions\/1285"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1284"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}