#FTSE #Gold A few weeks can make a heck of a difference. Both are the same scene, the ‘only’ difference being an absence of Scotland’s usual grotty weather causing the 7 mtr garden waterfall to dry out. What was revealed, uniform rows of leafy moss hugging the cliff face, able to survive the worst of our climate here in Argyll.
The FTSE, on the other hand, is proving less than interesting and the 20 point trading range experienced during most of Thursday justified spending the day clearing vegetation from the stream, rather than watching the markets. The day felt similar to one of those “pretend” sessions, when London is scheduled to close at 12.30pm prior to a holiday and the market grudgingly goes through the motions. It was only with an hour of trade left did the index suddenly discover an ability to rise by a further lacklustre 20 points.
Unlike the waterfall snapshots, The FTSE, exhibits remarkably consistent behaviour. The two charts above highlight a remarkable lack of interesting behaviour, making us experience a mental transition from “is today the day” to “what’s the point, I’m going to clear the waterfall” and this sort of thing becomes a vicious circle, begging the question; “are people losing interest in the UK market?” The immediate situation has seen many triggering movements across members of the FTSE 100 but the lack of follow through is proving quite dismaying. In plain English, many shares should be going up yet failing to do so. We take some hope from the UK Aim market as it continues to outperform the FTSE and at 1,264 points, it’s 300 points above the high achieved before the Covid-19 drop. The FTSE 100, at 6938 points, is still languishing 560 points BELOW the pre Covid-19 high.
Perhaps naively, we’ve constantly expected “today will be the day”, constantly been let down, and we’re losing faith. Of course, the point at which the UK decides to play catch up will invariably occur when the maximum number of folk at looking elsewhere! The immediate situation with the FTSE now suggests the index requires exceed 7,125 points to make proper recovery almost impossible to avoid.
FTSE for FRIDAY
If we indulge our favourite scenario, a hunt for early signs of strength, above 6,960 points is now supposed to provoke the FTSE to attempt 6,995 points. Given recent conditions, we cannot sniff at the 35 point rise potential, even with the tightest stop looking like 6,900 points.
In the event 6,995 is exceeded, this gives the first hint of strength, especially as our secondary calculates at 7,055 points, placing the index solidly in a zone where an attempt at our Big Picture trigger level 7,125 can be expected. Visually, there are many suggestions the FTSE is about to experience some weakness and as a result, we’re curious as to whether “now is the time?”
If things intend go wrong, below 6,903 looks troubling, capable of sparking reversal down to an initial 6,873 points. If broken, our secondary calculates at 6,851 and the prospect of some sort of rebound. The implication should such a level break is the market finding a bottom around 6,785 points.
Have a good weekend. Us, by working on the waterfall, we’ve ticked off a nasty chore, so shall enjoy the good weather and do sod all…
*** And yet again, many thanks to those who find the adverts on this page interesting.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:13:54PM | BRENT | 65.13 | 64.11 | 63.8 | 64.97 | 65.8 | 66.015 | 64.51 | |||
| 10:15:54PM | GOLD | 1784.49 | 1777 | 1773.5 | 1788 | 1796 | 1802.5 | 1783 | |||
| 10:18:18PM | FTSE | 6905.87 | 6879 | 6856.5 | 6923 | 6941 | 6950 | 6885 | |||
| 10:27:15PM | FRANCE | 6239.8 | 6234 | 6221 | 6258 | 6265 | 6285 | 6239 | Success | ||
| 10:31:30PM | GERMANY | 15250 | 15210 | 15177.5 | 15270 | 15338 | 15369 | 15249 | ‘cess | ||
| 10:33:44PM | US500 | 4137.17 | 4122 | 4112 | 4146 | 4179 | 4188.75 | 4154 | Shambles | ||
| 10:35:41PM | DOW | 33826 | 33715 | 33562 | 33875 | 34069 | 34099.5 | 33850 | Success | ||
| 10:37:36PM | NASDAQ | 13780 | 13713 | 13676.5 | 13803 | 13895 | 13942.5 | 13764 | |||
| 10:40:17PM | JAPAN | 28906 | 28782 | 28671.5 | 28982 | 29207 | 29291 | 29020 | Success |
22/04/2021 FTSE Closed at 6938 points. Change of 0.62%. Total value traded through LSE was: £ 5,660,042,698 a change of 11.95%
21/04/2021 FTSE Closed at 6895 points. Change of 0.52%. Total value traded through LSE was: £ 5,055,857,470 a change of -18.68%
20/04/2021 FTSE Closed at 6859 points. Change of -2.01%. Total value traded through LSE was: £ 6,216,900,407 a change of 19.04%
19/04/2021 FTSE Closed at 7000 points. Change of -0.27%. Total value traded through LSE was: £ 5,222,332,197 a change of -24.15%
16/04/2021 FTSE Closed at 7019 points. Change of 0.52%. Total value traded through LSE was: £ 6,885,119,827 a change of 21.21%
15/04/2021 FTSE Closed at 6983 points. Change of 0.63%. Total value traded through LSE was: £ 5,680,355,568 a change of 19.55%
14/04/2021 FTSE Closed at 6939 points. Change of 0.71%. Total value traded through LSE was: £ 4,751,574,999 a change of -6.5%
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!
Click Epic to jump to share: LSE:CEY Centamin** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EXPN Experian** **LSE:HSBA HSBC** **LSE:ITRK Intertek** **LSE:NG. National Glug** **LSE:VEC Vectura** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Centamin, Diageo, Empyrean, Experian, HSBC, Intertek, National Glug, Vectura, Zoo Digital,
LSE:CEYLSE:CEY Centamin. Close Mid-Price: 117.4 Percentage Change: + 2.44% Day High: 118.55 Day Low: 115
Further movement against Centamin ABOVE 118.55 should improve acceleratio ……..
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View Previous Centamin & Big Picture ***
LSE:DGELSE:DGE Diageo. Close Mid-Price: 3316.5 Percentage Change: + 2.74% Day High: 3319 Day Low: 3239.5
Continued trades against DGE with a mid-price ABOVE 3319 should improve t ……..
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View Previous Diageo & Big Picture ***
LSE:EMELSE:EME Empyrean. Close Mid-Price: 5.65 Percentage Change: + 10.78% Day High: 5.65 Day Low: 5.1
All Empyrean needs are mid-price trades ABOVE 5.65 to improve acceleratio ……..
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View Previous Empyrean & Big Picture ***
LSE:EXPNLSE:EXPN Experian. Close Mid-Price: 2771 Percentage Change: + 3.05% Day High: 2793 Day Low: 2689
In the event of Experian enjoying further trades beyond 2793, the share s ……..
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View Previous Experian & Big Picture ***
LSE:HSBA HSBC Close Mid-Price: 415.5 Percentage Change: -0.08% Day High: 416.1 Day Low: 412.15
Continued weakness against HSBA taking the price below 412.15 calculates ……..
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View Previous HSBC & Big Picture ***
LSE:ITRKLSE:ITRK Intertek. Close Mid-Price: 6138 Percentage Change: + 1.52% Day High: 6156 Day Low: 6020
All Intertek needs are mid-price trades ABOVE 6156 to improve acceleratio ……..
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View Previous Intertek & Big Picture ***
LSE:NG.LSE:NG. National Glug. Close Mid-Price: 915 Percentage Change: + 1.21% Day High: 917.5 Day Low: 904
All National Glug needs are mid-price trades ABOVE 917.5 to improve accel ……..
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View Previous National Glug & Big Picture ***
LSE:VEC Vectura Close Mid-Price: 113.6 Percentage Change: -0.53% Day High: 116.6 Day Low: 113
The share needs a miracle above 118 to suggest optimism, giving 123 as ini ……..
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View Previous Vectura & Big Picture ***
LSE:ZOOLSE:ZOO Zoo Digital. Close Mid-Price: 127.5 Percentage Change: + 4.94% Day High: 127.5 Day Low: 121.5
Further movement against Zoo Digital ABOVE 127.5 should improve accelerat ……..
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View Previous Zoo Digital & Big Picture ***