FTSE 100 (UKX) Down $7.5 Over Past 4 Hours, Started Today Up 1.32%; Crosses 50 and 100 Day Moving Averages

FTSE 100 4 Hour Price Update

Updated September 16, 2020 11:14 PM GMT (07:14 PM EST)

FTSE 100 came into the current 4 hour candle down 0.12% (7.5) from the open of the previous 4 hours, marking the 2nd candle in a row a decrease has occurred. Out of the 14 instruments in the equity indices asset class, FTSE 100 ended up ranking 5th for the four-hour candle in terms of price change relative to the previous 4 hours.

FTSE 100 Daily Price Recap

6105.54 was the closing price of the day for FTSE 100, resulting in today being one in which price moved up 1.32% ($79.29) from the day prior. Relative to other instruments in the equity indices asset class, FTSE 100 ranked 2nd since the day prior in terms of percentage price change. The daily price chart of FTSE 100 below illustrates.


FTSE 100 Technical Analysis

Notably, FTSE 100 crossed above its 50 and 100 day moving averages yesterday. For additional context, note that price has gone up 5 out of the past 10 days.

Overheard on Twitter

Behold! Here are the top tweets related to FTSE 100:

  • From simonjgarrett:

    @bbcpress @GaryLineker The average boss (& many are pretty average) of a FTSE 100 company earns about £4 million per year and Denise Coates at Bet365 gets £323 million so why on earth do people pile on to @GaryLineker who’s paid to entertain rather than make money from the rest of us? Don’t get it.

  • 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 financepapi_:

    People may have seen me tweet about indexes, or make reference to the S&P 500, NASDAQ-100, FTSE 100 etc.But what do these actually mean and is it possible to invest in them?Grab a cuppa (yes, tea, because coffee tastes like dirt)It’s time for a thread

As for a news story related to FTSE 100 getting some buzz:

Should Apple be worth the entire FTSE 100…and be the fourth biggest equity “market”? | The Market Ear

One of the recent options giants, Apple, saw the stock continue lower as well as Apple volatility moving lower, VXAPL….Below chart shows Apple and Apple vol, VXAPL….Note VXAPL was actually down big yesterday, despite Apple actually putting in a big down candle….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”.