Killeens Financial Banner

Killeens Financial Banner

Wednesday, 8 October 2014

This morning's punt: Short on the FTSE

An hour and a half after the UK stock market opened this morning, it seems clear that the plunge of the FTSE is continuing. This morning's punt is, accordingly, against the FTSE100:

The chart shows the FTSE 100 since 2010. The uptrend that commenced  in July 2011 has come to an end and a downtrend commences from here. At present prices are plunging. The plunge may continue, or the index may swing back, to moderate into a more gentle decline. At the moment it looks like plunge continuing.

No comments:

Post a Comment