Long FTSE100Hi all, FTSE100 seems to be struggling to recover from the brutal February stock crash, added to the recent BREXIT issues, all fundamentals do not support a bullish outlook. But technically we could be getting ready to trade higher, we gotta be optimistic at this point. A good deal from the BREXIT talks could fuel the buys. For now investors are mostly observing and making small bet, we seem to be holding steady above the 6000 big figure. We still got reasons to buy at this point, that would be a solid discount. For the fundamentals as worse as it is, UK seems to be making trade deals with other good economies, Japan for instance. I wouldn't make a big sell bet right now, that's why for this week, we looking to go long on UK FTSE 100 Index
A ideal entry will be 5915, with invalidation points being around 5750, targets could well be above 6100 to 6250. Just a personal outlook, take at your own risk.
HAPPY TRADING
Ftse100
Bitcoin Is Doing Worse Than Major Equity Indexes The Past MonthRupert Douglas, head of institutional sales for crypto brokerage Koine, isn’t ruling out a further drop. “It’s tough right now to say how far BTC retraces,” he told CoinDesk. “My concern is around equities, where I believe tech is in a bubble not dissimilar to 2000,” he added.
The equities markets are mixed Tuesday, with some hopeful numbers out of Asia while the European and U.S. markets are tanking.
#FTSE100 (UK100) Reached first profit targetTraders, as per our weekend multi timeframe analysis, FTSE100 has reached its first profit targer. More can come if this market picks up momentum. FTSE100 (UK100) reached the first profit target of the pattern. I did not take this long but it was a very accurate trade. Congratulations to those who took it. 👍😄
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Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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ridethepig | Selling the Footsie📌 Exchanging
A quick chart update here for today's flow which is essentially intended to cast some light over No-deal Brexit motives.
In all cases, losing market access is a bad idea in the short-term and particularly when done frantically. The apparently desirable opportunity to cause maximum damage from Downing Street with NDB is playing an important role in hijacking the flows into UK assets. Recommend avoiding a waste of energy and time attempting to defend portfolios with UK exposure and subsequently focusing elsewhere.
Just think back to our coverage of the Pound when buyers were eaten up. This time sellers of UK exposure wish to occupy the downside in Equities to deliver complete annihilation of the economy. With 6,000 holding sellers have time to prevent the recovery and can move lower into Wednesday. The correct path of least resistance is to the downside, a break below 5,775 will leave buyers no choice but to capitulate.
Thanks all for keeping the feedback coming 👍 or 👎
ridethepig | Positional Play in UK Equities 📌 UK Equities remain vulnerable with Brexit & Covid in play.
(Similar representation for those tracking the moves in S&P, NQ, DJIA and etc...)
(1) Firstly challenge the view that Rishi's stimulus produces an immediate effect and anything more than a spring mattress; the furlough scheme is incredibly expensive and weighing heavy despite being totally justified.
(2) Recognise the idea that we are in a dead-cat-bounce in Equities broadly and that the UK is particularly exposed to these corrections which is key in positional swings! With this said, I struggle to find positives in the UK and in doing so prevents exposure on the bid. In order to bring interest in UK Equities I would need to see the current lows swept and in the event of a no-deal Brexit then we can see as low as 3579.x.
(3) Keep to the strategy - avoid getting soft hands and closing out too early (out of fear of missing the rally) and try rather to operate with a sense of calm and tranquility.
(4) Aim for total destruction of UK assets in the coming year, sadly the individual mobility of almost every sector will be affected from the political suicide.
(5) Get used to observing the complacency and "sell on rallies"; do not let an emotional retail approach be decisive.
(6) Remember what is important for Positional swings ... we are not attacking, or even defending, but remaining nimble with the capital outflows, rather like meandering water.
Thanks as usual for keeping the feedback coming 👍 or 👎
UK100 6024.3 - 0.3 % LONG IDEA * STRUCTURE & REVERSAL Hey Every-one
Here's an idea on the FTSE 100 looking at it from the 4H chart which is trading in a descending triangle structure on a couple of time-frames but more focus on the 4H. The index just tested the bottom of structure or rather support looking for a push up with the bulls to respect the descending triangle structure before we see any break-out of any sort.
let's see how it goes..
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
TP 1 - 6070.5
TP 2 - 6111.0
SL - 5985.5
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
🐻FTSE is in a bear market - 2 levels to look out for.The FTSE100 is clearly in a bear market
It's running under the Ichimoku cloud, the 50 day MA is turning lower, RSI moment is bearish and major UK stocks are heading back to their March lows. There seems to be a small section of UK stocks that are doing well, but even those are looking a little overstretched now.
Levels to look out for 5,700 and major support at 5,550.
I have linked to my last idea where I went over in detail the bull and bear cases for the FTSE should you want to learn more.
FTSE100 - UKX - Range Bound. FTSE100 Weighted by various components, as well as that there was news that few companies from FTSE100 index will be removed and replaced.
However, let's focus on technical aspects:
We are within a range bound area for a while! Could look at it like bullish flag or a wedge/Triangle pattern (Be careful of fake break out). Which ever way this index breaks - I have kept the key support and resistance areas lined up. Those will be the areas I will be looking into in-depth. I advise you to perhaps add alerts or feeling towards risky side at limit orders, so you won't miss the trade opportunity!
Just a trading idea, not a recommendation.
Best wishes,
Trade Journal
🐱The FTSE 100 is what a dead-cat bounce looks likeCompared to major indices in the US, Europe and Asia, the FTSE100 is getting beaten up, and beaten up bad.
Macro economic factors for the UK are very bearish, with huge job layoffs and big unemployment numbers when the UK furlough scheme ends, not a lot has changed since my last update.
Major FTSE 100 companies like Taylor Wimpey, BP, Lloyds, BT etc are all leading the way with the beat downs.
The bounce started strong and we got all the way up to 6,500 before getting chopped down back to 6,000.
Since then the FTSE has never really gotten off the ground and has been playing around the 6,000 level for the last few weeks.
Without strong fundamentals to lead the FTSE higher, it looks like the next level is going to be lower.
Using fib and past support and psychology levels the next areas of support are 5,900, 5,700 and then 5,500.
Have a question about the FTSE100? Leave a comment below.
Decision time for FTSEThe British index is in a complete impasse due to concern over the second wave of viruses.
If the index can throw itself back into the green rising channel, things will get better for the kingdom, but if the falling channel is stronger it can retreat back to the lower horizontal support.
Only personal opinions and ideas. Does not Include Legal Investment advice...