Trends and Targets for 22/06/2018

FTSE for FRIDAY (FTSE:UK) This week has been pretty grotty on the markets and it appears the anguish is going to continue. What’s surprising us a little was we’d expected some sort of slump by mid July but things appear to be kicking off early. Perhaps it’s just politicians inflicting maximum damage prior to their holidays!

The current situation is a little unpleasant with the suggestion continued weakness on the FTSE below 7539 shall provoke travel downhill toward an initial 7479 points. Worse, if such a level breaks, our secondary (and bounce point hopefully) calculates at 7427 points. The big question, of course, is whether the market shall prove capable of yet another day with 120 point volatility? If the immediate drop triggers, stop can be emplaced at 7640 points.

Rather more scary – and probably due to be covered in our Sunday evening analysis – is a contention of 7360 actually providing a magnetic influence on the market at present, something which doubtless shall make any near term bounces underperform.

What happens if the market somehow makes its way above 7640, given the FTSE closed on Thursday at 7556 points. Above 7640 allows for an initial 7681 points. If exceeded, secondary calculates at a rather less likely 7725 points. If triggered, stop can be 7620 at tightest. Normally we’d cheerfully suggest “wider is better” but given the ruling influence is seen as being 7360, we’d not be doing anyone a favour with a massive stop loss against a LONG position we suspect shall fail.

The reason?

We’ll stop talking about a bottom of 7360 but only if the FTSE somehow betters 7750 points.

Chart goes here

Our initiative, mapping values traded through the stock market came to a shuddering halt, thanks to a data download on Thursday evening which was corrupted…

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

11:20:51PM

BRENT

73.2

Success

11:22:47PM

GOLD

1267.9

‘cess

11:25:31PM

FTSE

7551.9

Success

11:27:46PM

FRANCE

5312

Success

11:31:15PM

GERMANY

12478

12443

12387

12121

12659

12659

12725

12818

12546

‘cess

11:33:32PM

US500

2749.04

Success

11:36:00PM

DOW

24472

Success

11:38:11PM

NASDAQ

7205.74

Sorry

11:39:59PM

JAPAN

22419

22387

22280

22117

22587

22655

22681

22780

22478

‘cess

21/06/2018 FTSE Closed at 7556 points. Change of -0.93%. Total value traded through LSE was: £ 0 a change of -100%
20/06/2018 FTSE Closed at 7627 points. Change of 0.32%. Total value traded through LSE was: £ 7,069,313,880 a change of -2.71%
19/06/2018 FTSE Closed at 7603 points. Change of -0.37%. Total value traded through LSE was: £ 7,266,497,554 a change of 32.03%
18/06/2018 FTSE Closed at 7631 points. Change of -0.03%. Total value traded through LSE was: £ 5,503,551,631 a change of -58.08%
15/06/2018 FTSE Closed at 7633 points. Change of -1.7%. Total value traded through LSE was: £ 13,127,209,955 a change of 34.8%
14/06/2018 FTSE Closed at 7765 points. Change of 0.8%. Total value traded through LSE was: £ 9,738,026,893 a change of 39.41%
13/06/2018 FTSE Closed at 7703 points. Change of 0%. Total value traded through LSE was: £ 6,985,003,306 a change of 8.79%

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:BARC Barclays** **

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Updated charts published on : Barclays,


LSE:BARC Barclays Close Mid-Price: 190 Percentage Change: -1.91% Day High: 194.24 Day Low: 189.3

2018=12

Target Met. Weakness now continuing below 188.5 allows for an initial 185 ……..

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View Previous Barclays & Big Picture ***


*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AFC AFC Energy** **LSE:AGM Applied Graph.** **LSE:AMER Amerisur** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:KAZ Kaz Minerals** **LSE:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MKS Marks and Spencer** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:PMO Premier** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RBS Royal Bank Scot** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SHP Shire** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **LSE:VEC Vectura** **LSE:VED Vedanta** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:WTG Watchstone** **LSE:ZOL Zoldav** **

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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!

Risk Warning & Notice to Investors

Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Trends and Targets Ltd, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.

 

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