FTSE 100 Daily Price Recap
FTSE 100 is up 2.82% ($158.53) since the day prior, marking the 2nd day in a row an increase has occurred. Out of the 8 instruments in the 8 major global equity indices asset class, FTSE 100 ended up ranking 6th for the day in terms of price change relative to the day prior. The daily price chart of FTSE 100 below illustrates.
FTSE 100 Technical Analysis
Volatility for FTSE 100 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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. For another vantage point, consider that FTSE 100’s price has gone up 15 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about FTSE 100:
- From DrHoenderkamp:
@YourSpace_Beth @victoriabeckham @SpursOfficial @RishiSunak @Conservatives looking after all their mates in the FTSE 100 companies and we see the greed and self serving nature of all of the above and more. Whilst small businesses like me, my BIL, my best friend and more have no income, fall through massive gaps in gvt support.
- From ws1:
#FTSE not quite as exuberant as the US nonetheless based on the rsi only one stock in the ftse 100 technically oversold is #CNA Nearly 50 are over 50 .. Overly simplistic maybe but technically speaking the bargains have all been snapped up. imo now is not the time to be chasing.
- From DmMatthewsd7:
@katiehind @RishiSunak Vast numbers of the ftse 100+250 made notable profits year after year. They are still furloughing! No claim against them! They and their staff also paid notable taxes. The proposal did not come with caveat on how much money a company made. This appears an attack on the beckhams!