{"id":1790,"date":"2020-04-23T23:09:12","date_gmt":"2020-04-23T22:09:12","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1790"},"modified":"2020-04-24T08:37:09","modified_gmt":"2020-04-24T07:37:09","slug":"ftse-for-friday-24-04-2020","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2020\/04\/23\/ftse-for-friday-24-04-2020\/","title":{"rendered":"FTSE for FRIDAY 24\/04\/2020"},"content":{"rendered":"

#FTSE #GOLD <\/strong> Our throwaway theory of Covid-19 starting a new trend provoked some emails, along with some further thoughts on the issue. We wonder if we’re in a “What happens within CoronaVirus stays within CoronaVirus” phase of market misbehaviour. Of course, if you believe such a trite saying shall prove to be the case in the long term, you will be wrong.<\/p>\n

Without exception, if a market makes an irrational, quickly corrected, movement, it becomes certain the move shall be factored in when future price calculations take effect. While we may pretend ‘The CoronaVirus Blip’ was just one of these things, in the future when software is collating market swings in the computation of movement potentials, no-one is in the business of writing software and telling the computer to just ignore that anomaly.<\/p>\n

We can already see this nonsense with closing prices on the FTSE. If the FTSE now closes a session below 4,993 points, we are pretty certain it shall lose a further 1,000 points.<\/p>\n

 <\/p>\n

However, for Friday, things do not look quite as grim.<\/p>\n

 <\/p>\n

Near term, it appears FTSE (the market, NOT after-hours futures) only requires trade above 5,850 to calculate the potential of further movement toward 5,920 points. If exceeded, our secondary target level works out at 5,963 points.<\/p>\n

A couple of things worth remembering. Firstly, if a rise triggers, there’s a weird chance of some hesitation at 5,887 points. This was virtually the last high back on April 14th, so perhaps this is why we’ve a warning popping up on our software. Secondly, we’ve proposed an overall rise of 113 points and we don’t expect a Friday to prove so forthcoming. Fridays are rarely generous.<\/p>\n

 <\/p>\n

For fans of “headless chicken” days on the market, we shall now be concerned if the FTSE wanders below 5,780 as a reversal to 5,732 looks possible. If broken, secondary comes in at 5,670 points.<\/p>\n

 <\/p>\n

Have a good weekend and remember, avoid family. It freaks them out, when they stay in the same house as you.<\/p>\n

\"Hey,<\/span><\/span><\/p>\n

 <\/p>\n

FUTURES<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Time Issued<\/td>\nMarket<\/td>\nPrice At Issue<\/td>\nShort Entry<\/td>\nFast Exit<\/td>\nSlow Exit<\/td>\nStop<\/td>\nLong Entry<\/td>\nFast Exit<\/td>\nSlow Exit<\/td>\nStop<\/td>\nPrior<\/td>\n<\/tr>\n
9:37:53PM<\/td>\nBRENT<\/td>\n24.4<\/td>\n23.5<\/td>\n23.005<\/td>\n<\/td>\n25.15<\/td>\n26.2<\/td>\n26.7075<\/td>\n<\/td>\n24<\/td>\n‘cess<\/td>\n<\/tr>\n
9:39:54PM<\/td>\nGOLD<\/td>\n1732.28<\/td>\n1706<\/td>\n1695.5<\/td>\n<\/td>\n1720<\/td>\n1739<\/td>\n1746<\/td>\n<\/td>\n1719<\/td>\n‘cess<\/td>\n<\/tr>\n
9:41:42PM<\/td>\nFTSE<\/td>\n5763.73<\/td>\n5730<\/td>\n5712<\/td>\n<\/td>\n5786<\/td>\n5843<\/td>\n5866<\/td>\n<\/td>\n5779<\/td>\n‘cess<\/td>\n<\/tr>\n
9:45:38PM<\/td>\nFRANCE<\/td>\n4397.7<\/td>\n4391<\/td>\n4364.5<\/td>\n<\/td>\n4455<\/td>\n4477<\/td>\n4510.5<\/td>\n<\/td>\n4423<\/td>\nSuccess<\/td>\n<\/tr>\n
9:49:40PM<\/td>\nGERMANY<\/td>\n10375<\/td>\n10318<\/td>\n10261<\/td>\n<\/td>\n10498<\/td>\n10612<\/td>\n10660<\/td>\n<\/td>\n10412<\/td>\nSuccess<\/td>\n<\/tr>\n
9:52:19PM<\/td>\nUS500<\/td>\n2795.27<\/td>\n2781<\/td>\n2768.5<\/td>\n<\/td>\n2815<\/td>\n2847<\/td>\n2865<\/td>\n<\/td>\n2807<\/td>\n<\/td>\n<\/tr>\n
10:15:10PM<\/td>\nDOW<\/td>\n23486<\/td>\n23368<\/td>\n23258.5<\/td>\n<\/td>\n23671<\/td>\n23890<\/td>\n23929.5<\/td>\n<\/td>\n23589<\/td>\nSuccess<\/td>\n<\/tr>\n
10:17:48PM<\/td>\nNASDAQ<\/td>\n8614<\/td>\n8595<\/td>\n8535.5<\/td>\n<\/td>\n8688<\/td>\n8799<\/td>\n8816.5<\/td>\n<\/td>\n8674<\/td>\n‘cess<\/td>\n<\/tr>\n
10:20:23PM<\/td>\nJAPAN<\/td>\n19362<\/td>\n19315<\/td>\n19220<\/td>\n<\/td>\n19427<\/td>\n19646<\/td>\n19704<\/td>\n<\/td>\n19390<\/td>\nSuccess<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

23\/04\/2020 FTSE Closed at 5826 points. Change of 0.97%. Total value traded through LSE was: \u00a3 5,675,602,564 a change of -4.08%<\/h5>\n
22\/04\/2020 FTSE Closed at 5770 points. Change of 2.29%. Total value traded through LSE was: \u00a3 5,917,121,031 a change of -3.58%<\/h5>\n
21\/04\/2020 FTSE Closed at 5641 points. Change of -2.94%. Total value traded through LSE was: \u00a3 6,136,810,305 a change of 18.04%<\/h5>\n
20\/04\/2020 FTSE Closed at 5812 points. Change of 0.45%. Total value traded through LSE was: \u00a3 5,198,867,869 a change of -28.63%<\/h5>\n
17\/04\/2020 FTSE Closed at 5786 points. Change of 2.81%. Total value traded through LSE was: \u00a3 7,284,056,629 a change of 24.33%<\/h5>\n
16\/04\/2020 FTSE Closed at 5628 points. Change of 0.55%. Total value traded through LSE was: \u00a3 5,858,772,454 a change of -15.73%<\/h5>\n
15\/04\/2020 FTSE Closed at 5597 points. Change of -100%. Total value traded through LSE was: \u00a3 6,952,759,094 a change of 0%<\/h5>\n

<\/a><\/span><\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

#FTSE #GOLD Our throwaway theory of Covid-19 starting a new trend provoked some emails, along with some further thoughts on the issue. We wonder if we’re in a “What happens within CoronaVirus stays within CoronaVirus” phase of market misbehaviour. Of course, if you believe such a trite saying shall prove to be the case in … <\/p>\n

Continue reading “FTSE for FRIDAY 24\/04\/2020”<\/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-1790","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1790","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=1790"}],"version-history":[{"count":2,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1790\/revisions"}],"predecessor-version":[{"id":1792,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1790\/revisions\/1792"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1790"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}