FTSE 100 (UKX) Outperforms All 8 major Global Equity Indices, Up 2.3%; in an Uptrend Over Past 14 Days

FTSE 100 Daily Price Recap

FTSE 100 entered today at 5770.63 in US dollars, up 2.3% ($129.6) from the previous day. FTSE 100 outperformed all 8 assets in the 8 major global equity indices asset class since the previous day. Let’s take a look at the daily price chart of FTSE 100.

FTSE 100 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Interestingly, a trend in the other direction exists on the 14 and 30 day timeframes, where price is headed up. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to sell rallies. For another vantage point, consider that FTSE 100’s price has gone up 6 of the previous 10 trading days.

Overheard on Twitter

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

  • From Greyhound_Bluey:

    @RumblesOfSteel “Doing your best” is not enough if you are totally inept. We would all “do our best” if we were PM, MD of a FTSE 100 company, centre-forward for England, whatever. Would it exempt us from criticism if we screwed up.

  • From ZorTrades:

    How sustainable is it that the biggest stock, Microsoft, MSFT -1.98% is closing in on the value of the whole of London’s FTSE 100, an index that includes global giants such as Royal Dutch Shell, HSBC and Unilever ?

  • From truemagic68:

    Apple ( share capital value $1.2 trillion) & Amazon (share capital value $1.1 trillion) are worth more than the entire FTSE 100 companies £1.46 trillion. And behind those two US moguls come Microsoft and Intel!

For a longer news piece related to UKX that’s been generating discussion, check out:

Oil shock, dire forecasts knock UK’s FTSE 100 lower – Reuters

Investors were on edge after U.S. crude oil futures for delivery in May fell for the first time on Monday to as much as negative $40 a barrel, with sinking oil demand since the start of the coronavirus outbreak squeezing storage facilities….Analysts are forecasting a 22% drop in earnings for companies listed on the pan-European STOXX 600 index , according to Refinitiv data.