Trends and Targets for 2/07/2018

THE #FTSE, THE WIDER MARKET, and fish. Village fetes are sometimes a surprise. A small child approaches, demands you spend 3 quid on 3 green raffle tickets and the incident quickly forgotten. Until the PA system is shouting your dogs name as it has won a prize in the raffle.

A 12kg fresh salmon is rather a big fish and neither Golden Retriever looked inclined to carve the thing, so Saturday evening was consumed watching YouTube videos, sharpening knives, and resolving to never, ever, buy another raffle ticket.

Of course, this has absolutely nothing to do with the markets aside from the obvious – sometimes you can win and generally the source of the win will come as a surprise. Our preference has always been to win smaller, but win consistently.

As for the FTSE, it has come close to exceeding the downtrend since May and rubbishing the prospect of the market hitting 7360 points. The immediate BLUE downtrend is lurking around 7720 currently but we’re going to be cautious here and require the index exceed 7760 before blithely accepting a serious tumble is no longer possible. Should the FTSE wander above 7760, a cycle toward 7860 can be anticipated. And beyond.

However, we’re being cautious, perhaps due to all the negative media regarding World Trade, Trump, Brexit, and village fetes.

The index managed to complete June at 7661 points, now needing below 7574 to continue a drop cycle to 7484 as a major point of interest, somewhere a bounce can be hoped. But should 7484 break, 7360 looks like providing a magnetic compulsion. If hoping for a bounce at 7360, unfortunately a pretty wide 60 point stop looks necessary.

Chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:32:51PM

BRENT

79.21

76.3

75.6

74.29

78.15

79.54

80.255

82.95

76.82

Success

9:37:30PM

GOLD

1253.57

9:45:53PM

FTSE

7626.29

Success

10:10:22PM

FRANCE

5304.5

10:13:15PM

GERMANY

12282

‘cess

10:15:29PM

US500

2719.52

‘cess

10:17:55PM

DOW

24293.7

Success

10:20:35PM

NASDAQ

7048.99

‘cess

10:22:36PM

JAPAN

22238

22088

22020

21913

22324

22360

22412

22507

22210

 

29/06/2018 FTSE Closed at 7636 points. Change of 0.28%. Total value traded through LSE was: £ 7,037,137,894 a change of 9.52%
28/06/2018 FTSE Closed at 7615 points. Change of -0.08%. Total value traded through LSE was: £ 6,425,539,436 a change of -12.36%
27/06/2018 FTSE Closed at 7621 points. Change of 1.11%. Total value traded through LSE was: £ 7,331,631,797 a change of 15.83%
26/06/2018 FTSE Closed at 7537 points. Change of 0.37%. Total value traded through LSE was: £ 6,329,823,692 a change of 4.95%
25/06/2018 FTSE Closed at 7509 points. Change of -2.25%. Total value traded through LSE was: £ 6,031,040,113 a change of 0%
22/06/2018 FTSE Closed at 7682 points. Change of 1.67%. Total value traded through LSE was: £ corrupt data
21/06/2018 FTSE Closed at 7556 points. Change of -0.93%. Total value traded through LSE was: £ corrupt data

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:BBY BALFOUR BEATTY** **LSE:DGE Diageo** **LSE:PMO Premier** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SHP Shire** **LSE:UKOG UK Oils and Gas** **

********

Updated charts published on : BALFOUR BEATTY, Diageo, Premier, Rythm One, Sainsbury, Shire, UK Oils and Gas,


LSE:BBYLSE:BBY BALFOUR BEATTY. Close Mid-Price: 283.7 Percentage Change: + 1.54% Day High: 284.9 Day Low: 280.6

2018=9

Above 285 should still generate near term traffic toward 287.5p. This is l ……..

Subscribe for more

View Previous BALFOUR BEATTY & Big Picture ***


LSE:DGE Diageo Close Mid-Price: 2722 Percentage Change: -0.51% Day High: 2753.5 Day Low: 2723

2018=35

Target Met. Further price movement above 2755 suggests 2850 as being viabl ……..

Subscribe for more

View Previous Diageo & Big Picture ***


LSE:PMOLSE:PMO Premier. Close Mid-Price: 128.7 Percentage Change: + 1.02% Day High: 130 Day Low: 123.6

2018=12

Further growth above 130 suggests movement to 143p next. If exceeded, seco ……..

Subscribe for more

View Previous Premier & Big Picture ***


LSE:RTHM Rythm One Close Mid-Price: 170 Percentage Change: -0.58% Day High: 172 Day Low: 170

2018=12

Continued travel breaking below 170 remains with the potential of 145 ini ……..

Subscribe for more

View Previous Rythm One & Big Picture ***


LSE:SBRYLSE:SBRY Sainsbury. Close Mid-Price: 321.2 Percentage Change: + 0.41% Day High: 324.7 Day Low: 319.9

2018=23

It still appears movement above 325p should prove capable of taking this t ……..

Subscribe for more

View Previous Sainsbury & Big Picture ***


LSE:SHPLSE:SHP Shire. Close Mid-Price: 4265 Percentage Change: + 1.03% Day High: 4321 Day Low: 4247.5

2018=14

Moves now bettering 4321 confirm this on a path to 4417 next. Secondary, i ……..

Subscribe for more

View Previous Shire & Big Picture ***


LSE:UKOGLSE:UKOG UK Oils and Gas. Close Mid-Price: 2.11 Percentage Change: + 25.97% Day High: 2.23 Day Low: 1.6

2018=35

Now above 2.24 remains looking perfectly capable of 2.35 next. If bettered ……..

Subscribe for more

View Previous UK Oils and Gas & 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:BARC Barclays** **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: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: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:SCLP Scancell** **LSE:SDY Speedyhire** **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:VEC Vectura** **LSE:VED Vedanta** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:WTG Watchstone** **LSE:ZOL Zoldav** **

********


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.

 

This post has already been read 111 times!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.