Two Fifteen

Two Fifteen – 12 January 2021

Another sort of dull day today (SXXP -0.05%) with the benefit that we had some earnings to distract us in the morning. EU equities all trading pretty mixed today with Banks leading the way and Utilities lagging. Indices mostly in the red with FTSE 100 the clear underperformer (-0.6%). Volumes seem to be better than yesterday but in line with the last 20 days (-2% vs 20d AVAT). Bitcoin definitely one I enjoy watching, had its biggest drop since March yesterday but already up +12% from yesterday’s low – the uptrend clearly remains. Support level at $28000 or even its 50dma at 24213 (33800 last).

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