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Ftse100

FTSE: Bullish and bearish scenario explained.The UK index was strongly sold near the 7,730 Resistance this month and has so far reacted with a decline. This drop is so far being contained on the 1D MA200 (orange line). 1D has turned neutral (RSI = 47.582, MACD = 11.270, ADX = 21.739) which is normally an indication of support. Following the Golden Cross late in December, this sequence is similar with the last Golden Cross occurrence in April, 2019. Same pattern with a top afterwards, rejection and support on the 1D MA200. So as long as the orange rectangle (seen on the chart) holds, we are bullish towards 7,670 - 7,730. If the orange barrier breaks, then selling will most likely escalate towards the 7,000 1W Support. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:UKX
by InvestingScope
JD Sports Very Much Bullish!JD Sports has a good history of trending well as we saw from the trend between December 2018 to May 2019. Price became exhausted and went into consolidation from May 2019 to September 2019 and the breakout in September was the first indication of further trends to come, which is what we are currently experiencing. This has not been the neatest of trends but price has consistently been heading to the upside forming higher highs and higher lows. Price may become exhausted again and form a period of consolidation and in that case, we would just need to wait for a breakout to confirm a continuation of the bull trend. A break above £8.90 should see further moves to the upside and give us the opportunity to add to our already profitable positions. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
LSE:JD.Long
by Sublime_Trading
3
GLOBAL INDEXES BREAKING-OUT? PHASE I-Pre EARNINGS(Ft.15 charts)Four Major Global Indices; Series on Equities- January 19th 20' Questions that need answers Plenty of good news last week (Chinese Growth ~6%, PHASE I deal, global bounce in manufacturing data, USMCA vote etc etc) . Many worries had been pacified ahead of earnings, so what is the price action in some of the major global markets? Spoiler , obviously due to the high correlation, equity markets are near break-out points globally . This idea is a continuation of my previous idea, which has been tracking the SPX extremely well in the past two weeks. The question is will the momentum run in the SPX continue to 3450? Based on this chart on global indices, in case a breakout occurs, SPX might over-extend even further to 3450. And then there's the earnings season.. US equities were the first ones to show signs of breaking out the 3000 range back in November of 2019. This means that despite the high correlation, equity markets globally have been trailing behind, and only now appear to show signs of breaking out. Before I get into the indices charts, firstly few important updates for the weeks ahead: 1. DXY appears to be breaking out of the wedge, attempting to come back inside the uptrend. Despite all the new liquidity that was pumped by the FED in their "Not QE" operations, the dollar seems to have regained strength post Phase I. Of course, this devalues other indices, but at the same time implies that the demand for the dollar continues. Two very contrasting factors that can be the difference between a bull run and a liquidity crunch. 2. TLT medium duration notes. Attempting to breakout of the downtrend, but without any success the past two weeks. TLT is a great inter-temporal hedge to stocks. And if TLT breaks out in the next few weeks, it might give a hint for a potential pause to the rally in equities. 3. Boeing BA, the elephant in the room . To keep it short, if BA's earnings are a debacle, this can really dampen the drive for equities in the short term. Getting the MAX back flying, it's the difference between SPX having positive and negative operating profits. Closing below 320, eventually 317, we could see a sell-off back to ~290. 4. IEMG . Emerging markets are breaking out of their rectangular formation. Still far from their all time highs. Emerging markets are the growth engine . Tariffs staying in place post phase I, certainly doesn't help. 5. NIKKEI 225 . Back to indices. Nikkei's current trend developments and targets. ~26000-27000 would be the optimal range in case a breakout occurs for 2020. 6. DAX 30 . Sentiment is lacking, but there appears to be a small bounce in manufacturing data. Of course, this is on the back of the expanded balance sheets, and the rally will last as long as the ECB keeps QE-eternity and the FED keeps the "Not QE" bill purchases. 7. FTSE100 . Post Brexit and post phase I, searching for a breakout. Expectations are that the BoE will provide an accommodating environment, perhaps with few rate cuts. Retail sales data isn't getting better, maybe that'll change if the expected fiscal spending increase takes place? 8. Stoxx50 . Pitchfork based on the usual fib. levels. Again, obviously high correlations, trailing breakout. 9. Stoxx600 . More importantly, the the index as a whole is doing much better. Practically has followed SPX500 without trailing. 10. FTSE MIB 40. QE accommodating environment largest beneficiaries are the southern European economies. Nevertheless, how can the stock market be breaking-out, after the economy practically had a mini-recession in 2018, and the economy has grown at 0.1 %? 11. IBEX 35 . Of course similar story to the FTSE MIB40. All the worries about the new socialist government, and yet here we are- a new rally. 12. SG30- Using Singapore, as a proxy to India cancelling all the noise there. The newest Cass freight index points out that the slump in global trade has continued despite the bounce in manufacturing. Singapore as a major travelling, a trading hotpot and due to the openness of the economy can give a hint of the actual strength and improvement in economic conditions. 13. OMX30. OMX30, currently forming a bearish wedge. Interestingly, Riksbanken had a surprise hike in rates back to 0%, despite the slump in manufacturing data(no bounce). 14. OMXPI. Overall the Nordics as a safe heaven have tracked SPX carefully. OMXPI despite the low volume, managed to breakout. Question is, is this a good selling spot or a trend continuation? 15. Russell 2000. Finally, US small caps. Many issues with them, one being over-leverage. 170 proved to be a great profit taking point on Friday, as I've suggested previously. To wrap up this extensive idea on global markets. Breakout areas are a great profit taking point. If we do not breakout of the current range, instead we might get a 5-7% correction. I wasn't satisfied with the deal, but that's a discussion for another idea. Banks had a satisfying performance last week, and looking ahead NFLX on Tuesday could give off some hints about the direction where the tech sector will be heading. As mentioned BA is the major one. Disclosure on their progress will be key to overall market return s. To answer some of my questions shortly, what I can say is, currently stocks are expensive, but are they overpriced? - Not as long as the "Not QE" program is supplying juicy liquidity that seems to be flowing directly to equities. The larger issue at hand, is that investors are becoming accustomed to QE as the answer to all of their worries. Underneath QE, there's practically no growth ; 2% with fiscal deficits rising and QE expansion, how can this mean that the US economy is sustainably growing? This is it for global markets analysis. Thank you for the support! Means that my effort is not in vain. Message me if you'd like to discuss ideas, charts. I'll try to answer in due time. Step_ahead_ofthemarket- ________________________________________________________________________________________ >>I do not share my ideas for the likes or the views. This channel is only dedicated to well informed research and other noteworthy and interesting market stories.>> However, if you'd like to support me and get informed in the greatest of details, every thumbs up and follow is greatly appreciated! Disclosure: This is just an opinion, you decide what to do with your own money. For any further references or use of my content- contact me through any of my social media channels.
TVC:UKX
by step_ahead_ofthemarket
7
Travis Perkins - Supplying profits and building accounts?Buy Travis Perkins (TPK.L) Travis Perkins plc is a United Kingdom-based product supplier to the building, construction and home improvement markets. The Company operates through segments, which include General Merchanting, Plumbing & Heating, Contracts and Consumer. Market Cap: £4.07Billion Travis Perkins has completed an inverse head and shoulders bottom pattern on the weekly chart as prices advanced above 1495p. The shares gapped higher on the outcome of the general election in the UK, rising sharply towards 1841p. The shares have consolidated in recent weeks to close the gap created at 1544.5p and we have now seen a break higher from a wedge pattern. This suggests there will be a continuation higher in price over the coming days and weeks. Stop: 1495p Target 1: 1830p Target 2: 2000p Target 3: 2330p
LSE:TPKLong
by Investamate
BT Group - Filled the gapBuy BT Group (BT.A.L) BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as various communications services ranging from phone and broadband to managed networked information technology (IT) solutions and cyber security protection. Market Cap: £18.96Billion BT has broken out of a channel pattern on the daily chart. The shares recieved a boost following the Conservative win in the General Election and the shares gapped higher. We have now seen that gap get filled, which should attract fresh buying interest. Stop: 181.6p Target 1: 212p Target 2: 230p Target 3: 265p
LSE:BT.ALong
by Investamate
UK100: Could the slide bellow 7,190 extend?FTSE100 (UK100) index is also an interesting one to watch this week. The index was bounded in a range above 7,000 handle since August. Note that FTSE has been in a loose inverse relation with the pound since the Brexit referendum. So, in case of a clear Conservative win this Thursday, a strong rally in both the pound and FTSE would be a strong sign of return in investor confidence. Take in mind that the UK elections are held when markets are open, and a new government may be formed on Friday, so volatility could be significant throughout the night and also during all day at Friday. UK100 index were steady on Monday after posting the biggest weekly loss in 9 weeks last week. A firmer pound prevented more extreme gains as the latest poll showed the Conservatives increasing its lead over Labour by two-digits percentage points. The UK100 index is trading below the 50-day and 200-day SMAs on 4-hour chart. The RSI indicator is sloping down on both H4 and D time frames. This morning FTSE broke the first support at 7,200. We opened Short position at 7,190 with Stop Loss above 7,250 and Take Profit around 7,130. There is located the lower line of Bollinger Bands on 4-hour chart and since October this level is acting as key support. On opposite side, the first resistance is the top in the last 3 days at 7,256, followed by H4 50 SMA, middle line of BBs and 200 SMA (on both H4 and daily charts is around 7,320). Do you trade this index and how?
OANDA:UK100GBPShort
by ForexTrendline
Tesco - Pattern consolidation for long trajectory.Tesco: -In the daily chart: Price action has consolidated into a rangebound symmetrical triangle, this usually symbolises continuation (to the upside) but I do not discount the possibility of a short if we fail to breakout long and in-turn breakout in the opposite direction. Identifying a breakout: In this case price has had bullish candles deviate outside of the range, however, using both a price and time filters for confirmed entry, no bullish daily candle has so far managed to close outside. As we are right at the upper wall of the pattern, this could occur soon for a nice RRR ONLY IF we get a bullish daily candle close long. Catalysts for the move: UK election - If the conservatives gain a majority on Thursday night then I expect this entry position to be triggered, if not then i expect the opposite for this and the FTSE100 in general if labour win or there is uncertainty with a hung parliament.
LSE:TSCOLong
by TomSaundersFXS
FTSE Bottoming Pattern on 4 Hour Trade/ British ElectionsJust before I talk about this trade, just a fair warning that the British Elections are this week on Thursday December 12th. So a high risk event, and will be dominated by Brexit promises. I have spoken about how Central Banks in the Western world are stuck, and they are now attempting to maintain confidence in the system. They want to go back to easing and QE but remember, QE was supposed to be a one time desperate policy to prevent a 1920-30's like great depression. When we go back to QE, people will realize it did not work in the first place. They will use different names to mask QE, but this is the confidence crisis that looms. These central banks have one role now: to keep assets propped. This will eventually be morphed into buyers of LAST RESORT (instead of lenders of last resort...which was the central banks original mandate when they were first being formed). I am expecting higher equity prices in the US because there is nowhere to go for yield anymore. Also, many investors know the Fed will support this market. Not to mention the President needs high stock markets if he wants to win the next election using "Keeping America Great" slogan. Yes, we will have pullbacks, but equity markets will go higher. I speak about why this can be a problem for the Fed and the US Dollar. Post linked below. In terms of the current FTSE chart, we did make a bottoming/ double bottom pattern at a flip/support zone. From here, we had a nice break above a flip zone marked in blue, a strong break, and now it seems we are making our first higher low which will be confirmed with this current 4 hour candle close. Target will be the flip zone at 7340 for the trade.
FOREXCOM:UK100Long
by Uncharted-FX
UKX Price Action Analysis | Distribution SchematicThe Distribution Schematic #2, by Richard Wyckoff: bit.ly UK100 is currently in Phase D and has already done a Bearish SFP, which indicates a possible downtrend. This seems like a nice example of the Distribution Schematic #2 and also has a fundamental background due to #Brexit. Rest is Risk Management. Entry: 7390 SL: 7810 TP-1: 6910 TP-2: 6610 TP-3: 6360 R/R: 2.44 ‪Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.‬ ‪The ideas published here are not financial advices. ‬
TVC:UKXShort
by CompositeTrader
5
Ferguson - Turning up the heatBuy Ferguson (FERG.L) Ferguson PLC is a distributor of plumbing and heating products. The Company operates through seven business units: Blended Branches, Waterworks standalone, HVAC standalone, Industrial standalone, Fire and Fabrication, Facilities Supply standalone and B2C e-commerce. Market Cap: £15.35Billion Ferguson is trading in a bullish long term channel. The shares are trading just below all time high and there is no sign of the momentum slowing. The small corrective move lower in recent days has attracted buying interest and a move to new highs is expected. Stop: 6545p Target 1: 7200p Target 2: 7600p Target 3: 8000p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:FERGLong
by Investamate
BT - Dialling upBuy BT Group (BT.A.L) BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as various communications services ranging from phone and broadband to managed networked information technology (IT) solutions and cyber security protection. Market Cap: £18.96Billion BT has broken out of a channel pattern on the daily chart. The breakout move has retraced 50% of the impulsive move higher and retested the broken channel. The shares appear to be stabilising around 185p, while the Conservatives remain in the lead in the opinion polls then the shares could continue higher in relief of avoiding the threat of part nationalisation from a Labour Government. Stop: 181.6p Target 1: 212p Target 2: 230p Target 3: 265p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:BT.ALong
by Investamate
1
FTSE 100 - Selling ralliesTrade Idea Broken out of the channel formation to the downside. Continued downward momentum from 7404 resulted in the pair posting net daily losses yesterday. Negative overnight flows lead to an expectation of a weaker open this morning. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 7310, resulting in improved risk/reward. Expect trading to remain mixed and volatile. We look to Sell at 7310 Stop: 7355 Target 1; 7095 Target 2: 7005
FX:UK100Short
by Signal_Centre