Investing.com - Financial Markets Worldwide
📈 Will you get serious about investing in 2025? Take the first step with 50% off InvestingProClaim Offer

London Stocks Turn Bullish

ByBrad Thomas
Published 01/18/2012, 05:44 AM
Updated 07/09/2023, 06:31 AM
BIG
-
SMLL
-

In the face of toxic sentiment and downgrades galore a bullish condition is building in the London Stock Market

UK Equity Markets & Three Big Days A change in trend? It is certainly looking that way. We have had three big days in the "back end of the UK market". This has been the strongest three day rally since the start of September - definitely out of character behavior! The 50 day moving average has been broken and it looks like the 100 day is about to be breached. Moves above/below the 100 day MA need to be given careful consideration because once this level is broken the FTSE Fledgling Index tends to say above/below the 100 day MA for extended periods of time. Incidentally the FTSE Small Cap index has already moved above its 100 day MA.

FTSE Fledgling Index
Chart - 1
The London Stock Market is still the 2nd most important stock exchange in the world. What happens beneath the scenes here is echoed by what is going on beneath the scenes in the US. Expect more upside in stocks over the coming weeks.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.