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12th February 2018

Todays discussion

Todays post

FTSE in my opinion will rise to the 7345 area later in week but today 7150 to 7200 range will be order of the day.

I think at least a retracement of the bounce on Friday would be reasonable.  But then, this isn't a reasonable market.

 

 

 

Long looking for 7300 area where I think we’ll fail. Might take a few days to get there though. Buy the dip!

Big dividend on Wednesday too.. 19 points. Feels like they usual ramp it up beforehand now then on Wednesday afternoon when we’re all looking for longs for the divi rally it sells off!

It is a bit more than that, nearly 25 in fact, so should underpin a bit of bullishness till then

Guess the bulls can't break 7200 then!

Quote from Nick on 12th February 2018, 4:10 pm

It is a bit more than that, nearly 25 in fact, so should underpin a bit of bullishness till then

Nice.. well it’s just ranging between 7160 (Fridays high) and 7200. If it can hold 7160 then will probably rally quite a bit.. US closing the gap, ideally needs to stay positive on the day for bulls