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Video / 02 March 2018 at 8:24 GMT

Why I'm looking to sell FTSE: Lambert

Clive Lambert - FuturesTechs
Clive Lambert of FuturesTech explains why he is short FTSE. 

He is selling at 7,142 and 7,165 with a stop at 7,200. His initial targets are 7,010 and 6,860 and his bigger picture targets are 6,565-90 and 6,100.

Lambert explains the background to a selected trade every Friday on Trading Floor.
02 March
phil c phil c
Hi Clive, Have you any timescales in mind for your short term and big-picture scenarios please? (I realise that this is hard to do with random factors e.g. Steel Tariff announcements muddying the pool!!).
02 March
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
It could be a matter of weeks. If we're still holding above 7000 going into the middle of the month maybe that will be "risk averted" for the time being. We have options expiry to throw into the mix as well!
02 March
phil c phil c
OK, thanks. I'll sell my Tulip and Bitcoin stash then in anticipation of buying the (huge) dip next month!
02 March
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
You've still got tulips?! Should have sold them in 1637AD!!
02 March
phil c phil c
I'm playing the long game! It's just in a longer than expected Elliot wave 3 at the moment. Same with my Beany Babies.
08 March
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
If you're in this trade I would advise covering it. Clearly Equities don't have an appeitite to go down for now, and although this one is still hanging around our entry levels we are seeing dips being bought and things still look pretty strong in the US.
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