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#FTSE #GOLD It will be party time if the FTSE manages to wander above 10179 points, a level which seems attainable, despite near term dramatics. To explain, the Nasdaq managed to undo the Covid-19 drop of March 2020 in December of that year. The German DAX managed the same feat in September 2024 while Wall St kicked the Covid damage in August 2024. The S&P 500 took until the end of 2022 and Australia still suffers from the artificial Covid19 drop, needing above 9890 points to depart the economic trauma imposed by Covid19 manipulation.\u00a0 Even Brazil, where the nuts come from, still suffers its own version of Long Covid, needing above 171,300 points to free itself from the 2020 misery.<\/p>\n
Judging by the behaviour of those markets which have broken above the arithmetic restrictions imposed by the worldwide synchronised Covid19 drop of March 2020, we’re almost excited for the FTSE Next Year<\/b><\/u> as while things are certainly looking good.\u00a0 For the near term, FTSE closure above 9915 looks like being a big deal, calculating with the potential of a market lift to 9977 points with our secondary, if bettered, calculating at 10179. This secondary is a really big deal level, holding the implication the UK FTSE shall have shuffled from “recovery” to “growth”, a Big Picture cycle which should lead to an initial 10595 with our long term secondary calculating at an impressive 10877 points and some almost certain hesitation.<\/p>\n
In other words, the signs in the tea leaves at the bottom of the cup indicate a potentially rather good 2026, at least until 10,877 points makes a guessed appearance…\u00a0 We do currently have a bit of a problem, due to an inability to calculate above 10,877 with our FTSE data which extends back 40 years. For this reason, we’re essentially suggesting the UK has the potential for another 1,000 points above current levels, then things risk running out of steam. Perhaps the UK political class shall do the country a favour, resign en-mass, and be replaced by a bunch of smartphones running a Pound Shop AI.<\/p>\n
From a near term perspective, it seems likely weakness below 9800 points shall trigger reversal to an initial 9775 points with our secondary, if broken, at a less likely 9650 points. Our paranoia is embracing the notion the market is enacting some reversals, prior to yet another upward surge. If things intend to get better, a near term movement above 9872 should tick the first box for a surprise change of direction, giving a reasonable stop loss level.<\/p>\n
Finally, we finally discovered something more interesting than watching (or not watching) Formula1. There’s a sport called Mountain Carts which should be offered at every ski resort off season. The things are three wheeled unpowered go carts, running downhill on mountain roads from the top of chair lifts. It’s absolutely hypnotic to watch with “races” taking from 4 to 15 minutes and the participants seem to range from corporate bonding sessions, stag or hen outings, and some serious competition between some fanatics, most of whom get beaten by a first timer who has just started working in a call centre! Hopefully the sport finds a home in Scotland, the skier within anxiously twitching for a chance to compete.<\/p>\n
Search YouTube for “Mountain Carts – First, Grindelwald” to spend 4 minutes viewing more entertainment than a Monaco Grand Prix could ever offer.<\/p>\n
And have a good weekend! It’s my birthday, officially allowed to do sod all on Sunday!<\/p>\n
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