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UK 100

ridethepig | Positional Play in UK Equities 📌 UK Equities remain vulnerable with Brexit & Covid in play. (Similar representation for those tracking the moves in S&P, NQ, DJIA and etc...) (1) Firstly challenge the view that Rishi's stimulus produces an immediate effect and anything more than a spring mattress; the furlough scheme is incredibly expensive and weighing heavy despite being totally justified. (2) Recognise the idea that we are in a dead-cat-bounce in Equities broadly and that the UK is particularly exposed to these corrections which is key in positional swings! With this said, I struggle to find positives in the UK and in doing so prevents exposure on the bid. In order to bring interest in UK Equities I would need to see the current lows swept and in the event of a no-deal Brexit then we can see as low as 3579.x. (3) Keep to the strategy - avoid getting soft hands and closing out too early (out of fear of missing the rally) and try rather to operate with a sense of calm and tranquility. (4) Aim for total destruction of UK assets in the coming year, sadly the individual mobility of almost every sector will be affected from the political suicide. (5) Get used to observing the complacency and "sell on rallies"; do not let an emotional retail approach be decisive. (6) Remember what is important for Positional swings ... we are not attacking, or even defending, but remaining nimble with the capital outflows, rather like meandering water. Thanks as usual for keeping the feedback coming 👍 or 👎
OANDA:UK100GBPShort
by ridethepig
3
FTSE consolidation endingA triangle price pattern and RSI near 50 shows that daily FTSE is entering the final stages of consolidation. this means we shall soon see the next big candle move from the market. On the fundamental side things are looking bearish as virus cases spike again and IMF and Central Banks are being very negative regarding the economic recovery. The contrarian point is that potential stimulus, even more of it, could boost the stocks to keep indices from falling. In UK Boris Johnson said today that next week the Economy Phase 12 plan will be rolled out. He actually said the same thing in his May's speech, so I am not having much faith here. Many cities across the globe, including the UK, are starting to close again because of the virus spikes, so markets are very cautious and more on the bearish side. Please support the idea and share your thoughts on FTSE! Good Luck and Stay Healthy!
TVC:UKX
by Antonio_trader
2