FTSE for Friday: does the Santa rally start here?
After a quiet day here on Thanksgiving and as investors continue to digest the implications of the Autumn Budget, independent analyst Alistair Strang shares his forecast for the FTSE 100.
28th November 2025 07:56
by Alistair Strang from Trends and Targets
Thanksgiving Thursday went exactly as expected, the FTSE 100 almost managing to close two whole points above Wednesday's close. Over the years, we’ve learned the best thing to do on US Thanksgiving is anything which doesn’t involve the markets.
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However, there is hope the markets shall rebound from their enforced slumber, with above 9,700 points provoking movement to an initial 9,760 points. Our secondary, if bettered, calculates at a silly sounding 9,941 points and some hesitation.
While our secondary makes a lot of numeric sense, the jump seems rather large by UK standards and very liable to take until Christmas. Or so we think. But, from our perspective, there are several arguments proposing further “proper” gains on the FTSE.
Should things intend to go turkey shaped, below 9,658 risks promoting reversal to an initial 9,623 with our secondary, if broken, at 9,590 points. Our suspicion is the market intends to head up, any long position needing a stop around 9,658 points.
Have a good weekend.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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