FTSE 5500 - 5 Jan

S&P500 closed up 1.6% (1133). Australia ASX closed up 1% (4924) and heading for 5200. Japan (10681) up 0.25% failed to close above 10700 resistance. Hang Seng (22500) up nearly 2% looking to retest of High 23000.

FTSE Pivot is 5440 indicating Market Long positions.  Looking for 5545 High this week with a possible spike to 5600. Market is indicting a possible flat open at 08:00. Daily 5ema(5428) > 10ema(5384) supports the LONG position. Watching to see if the Daily MACD(12,26,9) can get above 50. Will only consider shorting from the HIGH reached on 6th Jan 2010

16:30
5ema(5524) > 10ema(5522) on 15min charts

High 5531, Low 5500, Macd(6) Stoc(74), BB 5509-55437
Long 5440 Closed 5520

13:30
5ema(5520) > 10ema(5520) on 15min charts
High 5536, Low 5499, Macd(12.5) Stoc(16), BB 5482-5544
Long 5440 Stop 5512 (20ema) Target 5545
Macd Bear cross (15.70) at 13:15 Warning!!!!
Using 10ema(5520) < 20ema(5513) as exit criteria

10:00
5ema(5492) > 10ema(5487) on 15min charts
High 5501, Low 5483, Macd(11.8)  Stoc(72)
Long 5440 Stop 5478 (20ema) Target 5545
Macd Bull cross (8.1) at 14:45 on 4th Jan 2010

08:00
5ema(5483) > 10ema(5476) on 15min charts
High 5500, Low 5457, Macd(12)  Stoc(84)
Long 5440 Stop 5466 (20ema) Target 5545
Macd Bull cross (8.1) at 14:45