#FTSE for FRIDAY (FTSE:UKX) # CAC40 #NASDAQ Sometimes it can feel the market just isn’t with you. Over time, I’ve noticed this phenomena exists with various entities. Personally, the last five years were punctuated with dishwashers. One simply flooded then stopped, another went on fire (!) and this week’s award went to the one which kept draining, presumably all night. Then gave up with a dreadful electric smell.
Before the era of the dishwasher, lawnmower failures were an annual disaster and a “Benny Hill Chase” involving a self powered petrol thing never to be forgotten. This sort of nonsense is easily observed in others – once employing a wonderful lady called Helena around whom computers would fail. As a computer & software company, this was to become a fairly major issue made doubly apparent when she admitted games consoles she bought for her children always failed.
And of course, there are some weeks when the markets bite back. For us, we attempt provide a comment for clients relating to market direction the next day. Rather more often than 50:50, we’re pretty accurate but the last week covered ourselves in something which didn’t smell like glory. While our “if x then y” scenarios obviously still prove concise, it’s always nicer being able to give a clue as to whether setting the alarm clock is a good idea.
As for Friday, every indication suggests we are about to suffer an up day on the FTSE but given our track record this week, it shall make sense to wait and see if the FTSE can exceed 7645 before becoming excited. Given the market closed Thursday at 7601 points, this implies a reasonable need for growth but above 7645 and we can suggest an initial 7683 points. Better still, if exceeded then travel toward 7718 becomes viable. Unfortunately, the stop required for this scenario is at 7581 points, making it a fairly wide position.
On the down side of life, what happens if 7581 breaks?
In such an event, we’re looking at reversal to 7555 initially with secondary, when broken, at 7508 points. Stop can be at 7610 points.
Have a good weekend. With Silverstone to watch and football & tennis to avoid, it should be action packed!
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
|
10:04:34PM |
BRENT |
77.48 |
77 |
‘cess |
||||||||
|
10:06:05PM |
GOLD |
1258.34 |
1251 |
|||||||||
|
10:08:01PM |
FTSE |
7623.87 |
7567 |
‘xess |
||||||||
|
10:10:36PM |
FRANCE |
5376 |
5305 |
5276 |
5237 |
5371 |
5394 |
5415 |
5474 |
5344 |
‘cess |
|
|
10:14:59PM |
GERMANY |
12484 |
12292 |
‘cess |
||||||||
|
10:16:48PM |
US500 |
2737 |
2708 |
Success |
||||||||
|
10:19:21PM |
DOW |
24352 |
24122 |
Success |
||||||||
|
10:22:29PM |
NASDAQ |
7105.54 |
6995 |
6937.5 |
6869 |
7080 |
7106 |
7122.5 |
7165 |
7061 |
Success |
|
|
10:24:25PM |
JAPAN |
21692 |
21441 |
5/07/2018 FTSE Closed at 7603 points. Change of 0.4%. Total value traded through LSE was: £ 5,517,754,349 a change of 31.11%
4/07/2018 FTSE Closed at 7573 points. Change of -0.26%. Total value traded through LSE was: £ 4,208,633,198 a change of -43%
3/07/2018 FTSE Closed at 7593 points. Change of 0.61%. Total value traded through LSE was: £ 7,383,714,945 a change of 16.1%
2/07/2018 FTSE Closed at 7547 points. Change of -1.17%. Total value traded through LSE was: £ 6,359,923,208 a change of -9.62%
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% 
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:BDEV Barrett Devs** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:HUR Hurrican Energy** **LSE:KAZ Kaz Minerals** **LSE:MKS Marks and Spencer** **LSE:NG. National Glug** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Barrett Devs, Foxtons, Genel, Hurrican Energy, Kaz Minerals, Marks and Spencer, National Glug, Taylor Wimpey,
LSE:BDEV Barrett Devs Close Mid-Price: 487.3 Percentage Change: -1.14% Day High: 504 Day Low: 485.6
2018=12
In the event of continued weakness below 485p, we’re looking for travel do ……..
View Previous Barrett Devs & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 55.2 Percentage Change: -2.30% Day High: 56.7 Day Low: 55.2
2018=35
Now below 55 and travel downward to an initial 50p remains extremely proba ……..
View Previous Foxtons & Big Picture ***
LSE:GENL Genel Close Mid-Price: 239.5 Percentage Change: -5.15% Day High: 255.5 Day Low: 236
2018=10
This is still feeling dodgy as below 236 indicates 230 next with secondary ……..
View Previous Genel & Big Picture ***
LSE:HURLSE:HUR Hurrican Energy. Close Mid-Price: 50.3 Percentage Change: + 5.01% Day High: 52.9 Day Low: 48
2018=23 
Target Met. Movement now ^up above 53 indicates 56p next, a point where a ……..
View Previous Hurrican Energy & Big Picture ***
LSE:KAZLSE:KAZ Kaz Minerals. Close Mid-Price: 821 Percentage Change: + 1.48% Day High: 837 Day Low: 803.2
2018=7
Weakness below 803 still mutters about travel down to an initial 788p. If ……..
View Previous Kaz Minerals & Big Picture ***
LSE:MKSLSE:MKS Marks and Spencer. Close Mid-Price: 309 Percentage Change: + 1.15% Day High: 310.2 Day Low: 305.4
2018=18
Price movements now above 311 point at travel to an initial 314 next with ……..
View Previous Marks and Spencer & Big Picture ***
LSE:NG.LSE:NG. National Glug. Close Mid-Price: 859.1 Percentage Change: + 0.44% Day High: 861.4 Day Low: 848.8
2018=14
Near term electro shock treatment above 862 indicates the potential of gro ……..
View Previous National Glug & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 171.5 Percentage Change: -1.41% Day High: 177.9 Day Low: 171.2
2018=23
Target Met. While the situation remains of weakness below 171 allowing for ……..
View Previous Taylor Wimpey & 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:BBY BALFOUR BEATTY** **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:FRES Fresnillo** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **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:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MOS Mobile Streams** **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: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.