#FTSE #Formula1 Our £200 Aldi robot lawnmower finally provoked complete betrayal, the little red tractor finding itself listed on Gumtree, surplus to requirements and in “fair” working order (aka the brakes don’t work). To sweeten the deal, our self propelled lawnmower is free with the tractor. Absurdly, this is all due to a garden robot which has is equipped with a 7 inch blade, replacing the tractor which has 38 inch blades! The thing we’d realised is the robot mower’s job isn’t to just cut the grass, a task we’d generally tackle with the tractor every week or two. Instead, the little robot comes out of its garage every couple of days, spending around 6 hours wandering aimlessly on the grass, essentially providing an ongoing manicure. The grass literally never gets the chance to grow and our lawn has never looked better. The secret to a perfect lawn appears to be avoiding the grass growing to the point where it needs cut. Instead, rather obviously, a little robot doing regular pedicures does the job perfectly. If only Gillette or Wilkinson Sword would invent a razor for blokes, a little robot which wandered around the face while you slept!
Obviously, we’ve a dodgy simile between the foregoing and the FTSE, though in this instance, we’re referring to it as Big Picture and Near Term. Big Picture on the market is effectively a break between grass cuts, whereas Near Term is… near term. We keep an eye on these markers as when Near Term and Big Picture targets coincide, this is generally a point from which some larger market movements can be anticipated.
For the FTSE, the current Big Picture looks like the chart below.
At present, there is a strong Big Picture suggestion movement above 10716 points on the FTSE should generate traffic to an initial 10797 points with our secondary, if beaten, calculating at a longer term 0832 points. It’s not the worst scenario, allowing a stop loss with 10640 points.
Our alternate reversal scenario if a little less pleasant, suggesting below 10610 points could trigger reversals to an initial 10589 points with our secondary, if broken, at 10458 points. Oddly, due to this little dance being enacted within trend lines, the stop loss level for a short position is also at 10640 points!
But from a near term perspective, things become interesting. Apparently, above 10665 points has the potential to trigger movement to a fairly tame 10,699 points. But our secondary, if such a level is exceeded, calculates at 10800 points, just three points away from a Big Picture target. The underlying suggestion is of “something” being due to occur on the FTSE.
From a near term reversal stance, there is a risk below 10611 points shall promote reversal to an initial 10589 with our secondary, if broken, at 10458 points. We are not confident this reversal scenario shall prove viable but if triggered, the tightest stop is 10660 points.
For Friday, we’re inclined toward some optimism for the FTSE, though market futures at time of writing disagree.
Time will tell. Have a good weekend and enjoy the Grand Prix from Hungary, sometimes a good race. Maybe Louis Hamilton shall be treated fairly…
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:05:59PM | BRENT | 9406 | 9278 | 9007 | 8684 | 9410 | 9945 | 10040 | 10730 | 9682 | ‘cess |
| 11:13:20PM | GOLD | 4048.52 | 4039 | 3996 | 3940 | 4071 | 4165 | 4178 | 4252 | 4103 | Success |
| 11:10:07PM | FTSE | 10608.8 | 10591 | 10518 | 10437 | 10648 | 10621 | 10652 | 10736 | 10585 | |
| 11:14:03PM | STOX50 | 6213.1 | 6204 | 6194 | 6149 | 6232 | 6232 | 6247 | 6265 | 6206 | Success |
| 11:17:46PM | GERMANY | 24775.3 | 24690 | 24604 | 24384 | 24800 | 24878 | 24934 | 25015 | 24751 | ‘cess |
| 11:21:21PM | US500 | 7414.9 | 7397 | 7388 | 7342 | 7423 | 7423 | 7442 | 7464 | 7402 | Shambles |
| 11:48:32PM | DOW | 51692.3 | 51534 | 51416 | 51053 | 51734 | 51882 | 51960 | 52102 | 51671 | Success |
| 11:51:15PM | NASDAQ | 28544.4 | 28271 | 28196 | 27866 | 28513 | 28718 | 28900 | 29109 | 28491 | Success |
| 11:57:43PM | JAPAN | 65375 | 64946 | 64840 | 63931 | 65282 | 65937 | 66394 | 66885 | 65548 |
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:AV. Aviva** **LSE:BME B & M** **LSE:CNA Centrica** **LSE:ECO ECO (Atlantic) O & G** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:SCLP Scancell** **
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Updated charts published on : B & M, Centrica, ECO (Atlantic) O & G, Genel, Gulf Keystone, Scancell,
LSE:AV. Aviva. Close Mid-Price: 683.6 Percentage Change: + 0.00% Day High: 687 Day Low: 679.4
The next task for Aviva is to get the price above 692.8 (not with a fake s ……..
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View Previous Aviva & Big Picture ***
LSE:BME B & M. Close Mid-Price: 212.2 Percentage Change: + 0.00% Day High: 217.4 Day Low: 212
Target met. If the price of B & M manages to move ABOVE 217.4, initial UP ……..
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View Previous B & M & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 161.4 Percentage Change: + 0.00% Day High: 175.75 Day Low: 161
In the event of CNA share price managing to break below 161p (obviously, ……..
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View Previous Centrica & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 60 Percentage Change: + 0.00% Day High: 60.6 Day Low: 58.2
If the price of ECO (Atlantic) O & G manages to move ABOVE 60.6p, initial ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:GENL Genel. Close Mid-Price: 52.2 Percentage Change: + 0.00% Day High: 52.2 Day Low: 50.8
If Genel intends to relax, the price needs to get below 50.8p (but ignore ……..
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View Previous Genel & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 179.4 Percentage Change: + 0.00% Day High: 179.4 Day Low: 174.6
Target met. Further movement against Gulf Keystone ABOVE 179.4 should imp ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:SCLP Scancell. Close Mid-Price: 10.75 Percentage Change: + 0.00% Day High: 12.9 Day Low: 10
Managing to get the share price BELOW 10p is the next problem level for S ……..
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View Previous Scancell & Big Picture ***