#FTSE #Falklands It’s 169 days until Christmas, 10 days until the UK finds itself with another useless Prime Minister. and 9 days until the World Cup final,. The ongoing production line of leaders who shouldn’t have advanced beyond being local ton councillors continues and we suspect folk who live in the Falklands or Gibraltar should be worried. It’s unlikely they view leadership from “the mother country” and believe their future is safe. In a similar fashion, we’re a bit twitchy about the prospects for the FTSE and how Sterling shall hold up. Everything feels like a countdown!
From our (sometimes a bit cynical) perspective, we shall ring alarm bells if the FTSE wanders below 10,410 points as this threatens to trigger reversal down to an initial 10,341 with our secondary, if broken, at 10,210 points. This secondary is liable to be a problem, dumping the value of the FTSE into a region with the potential of ongoing drama down to 9.632 points. Visually, this sort of thing would be worse than appearing on BBC Question Time, moving the FTSE into territory where further drops in 1,000 point increments become very possible.
This is why we’re very nervous about the next Prime Minister. The stock market feels poised to render judgement.
Unfortunately, the FTSE needs above 10,680 to start providing evidence of real movement, dark threats of recovery to an initial 10,950, maybe even a future 11.230 points. This particular secondary would certainly be a brave new world, one where we could dream of successful FTSE 100 components along with a FTSE hanging its coat on a distant hook just above 12,000 points.
Unfortunately, for now, we suspect the FTSE 100 shares Louis Hamilton’s chances of winning a Drivers Championship this year. Worse still, we’ve another 7 days to wait before the next Formula1 fiasco, ideally a race in which Hamilton wins and none of the other drivers make it to the end of the day. Perhaps a bit like Mr Farage’s forthcoming election.
Have a good weekend. The Met Office say most of us shall be using sun creams.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:51:53PM | BRENT | 7612.7 | 7558 | 7387 | 7678 | 7928 | 8054 | 7743 | |||
| 9:59:28PM | GOLD | 4123.34 | 4053 | 4029 | 4093 | 4138 | 4180 | 4106 | Success | ||
| 10:03:17PM | FTSE | 10464.5 | 10394 | 10298 | 10474 | 10562 | 10592 | 10483 | ‘cess | ||
| 10:31:59PM | STOX50 | 6274.2 | 6226 | 6208 | 6265 | 6292 | 6303 | 6235 | |||
| 10:50:24PM | GERMANY | 25107.7 | 24835 | 24519 | 25038 | 25147 | 25224 | 25086 | |||
| 10:58:09PM | US500 | 7537.8 | 7476 | 7456 | 7509 | 7545 | 7559 | 7488 | Success | ||
| 11:11:29PM | DOW | 52427 | 52227 | 52007 | 52401 | 52582 | 52683 | 52430 | ‘cess | ||
| 11:15:48PM | NASDAQ | 29720.8 | 29347 | 29181 | 29523 | 29772 | 29851 | 29559 | Success | ||
| 11:22:17PM | JAPAN | 68855 | 67366 | 66760 | 67868 | 69007 | 69829 | 68540 | Success |
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
Click Epic to jump to share: LSE:AZN Astrazeneca** **LSE:CPI Capita** **LSE:GENL Genel** **LSE:PHP Primary Health** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Astrazeneca, Capita, Genel, Primary Health, Zoo Digital,
LSE:AZN Astrazeneca. Close Mid-Price: 13354 Percentage Change: + 0.00% Day High: 0 Day Low: 0
If Astrazeneca experiences continued weakness below 12,738, it will invar ……..
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View Previous Astrazeneca & Big Picture ***
LSE:CPI Capita. Close Mid-Price: 221 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Weakness on Capita below 221 will invariably lead to 216p with secondary ……..
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View Previous Capita & Big Picture ***
LSE:GENL Genel. Close Mid-Price: 56.4 Percentage Change: + 0.00% Day High: 0 Day Low: 0
This only needs above 57.7 to become useful, ideally giving an initial ta ……..
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View Previous Genel & Big Picture ***
LSE:PHP Primary Health. Close Mid-Price: 93.1 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Almost getting interesting as above 95 should next visit an initial 99.5 w ……..
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View Previous Primary Health & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 11.75 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Weakness on Zoo Digital below 11p will invariably lead to 10.25 with our s ……..
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View Previous Zoo Digital & Big Picture ***