FTSE 100 4 Hour Price Update
Updated September 14, 2020 11:14 PM GMT (07:14 PM EST)
6020.79 was the closing price of the four-hour candle for FTSE 100, resulting in the current 4 hour candle being one in which price moved down 0.13% ($8) from the previous 4 hours. Out of the 14 instruments in the equity indices asset class, FTSE 100 ended up ranking 7th for the four-hour candle in terms of price change relative to the previous 4 hours.
FTSE 100 Daily Price Recap
The choppiness in the recent daily price action of FTSE 100 continues; to start today, it came in at a price of 6032.09 US dollars, up 0.33% (19.62) since the previous day. Out of the 14 instruments in the equity indices asset class, FTSE 100 ended up ranking 5th for the day in terms of price change relative to the previous day. Here is a daily price chart of FTSE 100.
FTSE 100 Technical Analysis
For another vantage point, consider that FTSE 100’s price has gone down 6 of the previous 10 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to FTSE 100:
- From hbinfopeter:
@Robin25461631 @Smudgedann @marketgem @Borg74 Not in the class of Polly Peck! PP was a tiny British textile company; expanded rapidly in the 1980s and became a constituent of the FTSE 100 before collapsing in 1991 with debts of £1.3bn. market capitalization went from £300,000 to £1.7 billion at its peak..it was all a fraud!
- From truemagic68:
News that Nvidia is to buy ARM from Softbank for circa $40bn & with Tik-Tok preferring for choice to bed down with Oracle gave Asian markets a modest fillip – Suggested European opening calls– FTSE 100 -27 at 6053, DAX +100 at 13279 CAC40 +32 at 5066, DJIA +250 at 27888 at 6.00am
- From XXV25:
@HTScotPol @JamboAldo Why are any of you suprised at these payments. Its been going on for years and years. Yes they seem generous but no different from those working in the City or FTSE 100 companies. 99% won’t ever be in that league but I won’t loose any sleep over it. #ResignSturgeon
In terms of news links for FTSE 100 here’s one to try:
One of the recent options giants, Apple, saw the stock continue lower as well as Apple volatility moving lower, VXAPL….On Aug 31 we wrote; “If this Apple trajectory is defying logic or not we leave to others to discuss, but overwriting longs with some upside calls here does look interesting, …” We all know what has happened since then, Apple has gone down, and Apple vol has moved lower, the perfect environment for the ones that used elevated vols to overwrite “must be longs”….Below chart shows Apple and Apple vol, VXAPL….Imagine NASDAQ holds here, puts in a big hammer candle, people come back from the long weekend, realize nothing has really changed as “whale gamma” is just another of many trades, people start buying the market…and vol starts selling off….Our point here is that NASDAQ and equities could well be going lower, but unless it is a crash about to happen, vols are not cheap here….We prefer much more to overwrite longs here (use that elevated vol) than chasing expensive vols…especially given the fact our VIX guy just called us earlier today explaining “vols must rise further given how Apple and Tesla are trading post the split…that was supposed to be positive”.