dip Archives - Itechment

FTSE 100 Tech Update: Big Line of Former Resistance to Turn Support on a Dip What’s inside:

FTSE 100 slashes through significant trend-line resistance, trades to new record highs
Old resistance to turn new support
Looking higher, January/March top-side trend-line may act as next stopping point

See what’s driving sterling and the FTSE 100. See our market forecasts for details.

On Friday, when we last took a look at the FTSE 100 we were focused on the 2013 trend-line which the index was trading up against, but now well above as the footsie moves further into record territory. Given the trend-line’s influence since January it was viewed as a more significant point of resistance than the March record high. Now that it’s been overcome, as per usual – old resistance becomes viewed as new support.

The FTSE is extended in the short-term, having risen in a fairly relentless fashion since the end of last month. With that said, though, there is no interest on this end in making a wager against the market; picking tops is a business we’ll leave to others. On a short-term correction we will look to a couple of sources of support as potential opportunities for ‘would-be’ longs to join the trend higher. First, the old high at 7447 may keep the market buoyed, but the potential source of support which has our most attention is the 2013 top-side trend-line. Given how well it kept a lid on the market on several occasions since January, it appears likely it will put a floor in on any weakness we may see in the coming days. It’s possible the trend-line rising up from the April low also collides with the ’13 t-line, further fortifying support for the market. In the event the market reverses hard through noted support we would need to reassess.

Looking higher, there is a top-side trend-line crossing over peaks in January and March which we will keep an eye on as resistance. It’s only viewed as a minor inflection point at this time given it is running higher with the market, but should the footsie continue to extend into this line from here without taking a rest it will increase the likelihood of seeing a pullback or consolidation develop at that juncture.

FTSE 100: Daily

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[“Source-ndtv”]

Brighton College A-level students

Private schools saw a dip in top A-level results this year, largely reflecting national trends, figures released by the sector suggest.

The proportion of private school A-level entries gaining grade A or better was 48.7%, down from 49.3% last year, says the Independent Schools Council.

This is still almost twice the national average of 25.8%, itself down slightly from 25.9% in 2015, says the ISC.

Council chairman Barnaby Lenon called the figures encouraging.

Overall, the 2016 A-level grades, published earlier this month, showed a marginal fall in top grades for the fifth successive year – but the Joint Council for qualifications described outcomes as relatively unchanged.

The ISC figures, for 495 UK independent schools offering A-levels, reflect the results of 36,992 candidates and suggest:

17.9% of pupils achieved at least one A*, down 0.6 percentage points, but more than double the national average of 8.1% (itself down 0.1% on 2015)
6.8% got at least three A* grades, down from 7% in 2015
55.5% got ABB – unchanged on 2015

Overall the pass rate for private school A-level students was 99.1% – one percentage point better than the national average, says the ISC.

And three-quarters (75.2%) of grades were B or higher, it adds, compared with 52.9% nationally

According to the ISC, more private schools are choosing to offer the International Baccalaureate, with the number rising by 5% on last year.

The ISC says the figures show academic success is still a “top priority” at independent schools, with a strong focus on good grades in the subjects preferred by the most selective universities.

“A concerted effort to halt grade inflation in recent years has seen the top grades both nationally and in independent schools level off and fall slightly, so it is encouraging to see the headline A* and A figure remain solid,” said Mr Lenon.

“Of particular note is the number of students achieving ABB grades, which will see many of them moving on to the university of his or her choice, a high number to the top institutions.”

[Source:- BBC]

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dip

FTSE 100 Tech Update: Big Line of Former Resistance to Turn Support on a Dip

Private schools A-level dip reflects national trends