THE #FTSE (FTSE:UKX) #BRENT #NK225 We remain reticent about the FTSE’s positive chances, despite Hamiltons stonking drive in F1 along with one of the home nations teams apparently doing well in a football tournament. And as for Wimbledon, thankfully good weather continues to provide adequate excuses to utterly ignore it. Our attitude to sport is simple. If it doesn’t have an engine, it’s not a sport.
The current situation with the FTSE remains a bit dodgy as below 7570 now suggests coming weakness to an initial 7496 points with secondary, when broken, down at 7360 points. We would anticipate some sort of bounce at the 7360 level and as the chart shows, the index trend remains safely above the uptrend since the BREXIT vote – now lurking around 7050 points.
For the FTSE to escape the current drop cycle, it need only exceed 7696 points which provides a fairly reasonable Risk/Reward argument.
One curious thing happening with the FTSE is the odd intraday dance during the last week, presenting almost identical a picture to that which we mentioned about the DOW JONES last week. The argument goes along the lines of a suspicion the market is teasing short positions, prior to a surprise upward surge. In this regard, the DOW JONES indeed surged upward and is now teasing the 24,500 level. In the case of the FTSE, this suggests 7696 may provide a guest appearance soon.
What happens if 7696 is bettered?
Apparently we should anticipate 7800 points initially, maybe even 7905 points!
It looks like interesting times ahead.
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
|
10:21:17PM |
BRENT |
77.07 |
76.2 |
75.64 |
74.35 |
77.7 |
77.6 |
78.08 |
78.69 |
76.45 |
Success |
|
|
10:45:13PM |
GOLD |
1255.5 |
||||||||||
|
10:47:35PM |
FTSE |
7637.18 |
Shambles |
|||||||||
|
10:49:34PM |
FRANCE |
5377.7 |
||||||||||
|
10:51:38PM |
GERMANY |
12511 |
‘cess |
|||||||||
|
10:53:43PM |
US500 |
2761.42 |
Success |
|||||||||
|
10:57:13PM |
DOW |
24475 |
‘cess |
|||||||||
|
10:58:58PM |
NASDAQ |
7211.42 |
Success |
|||||||||
|
11:00:37PM |
JAPAN |
21815 |
21625 |
21598 |
21509 |
21780 |
21867 |
21949.5 |
22120 |
21687 |
Success |
6/07/2018 FTSE Closed at 7609 points. Change of 0.08%. Total value traded through LSE was: £ 5,423,999,959 a change of -1.7%
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%
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:BDEV Barrett Devs** **LSE:BPC Bahamas Pet** **LSE:CAR Carclo** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:HUR Hurrican Energy** **LSE:ITV ITV** **LSE:KAZ Kaz Minerals** **LSE:NG. National Glug** **LSE:RBS Royal Bank Scot** **
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Updated charts published on : BALFOUR BEATTY, Barrett Devs, Bahamas Pet, Carclo, Foxtons, Genel, Hurrican Energy, ITV, Kaz Minerals, National Glug, Royal Bank Scot,
LSE:BBYLSE:BBY BALFOUR BEATTY. Close Mid-Price: 285 Percentage Change: + 1.03% Day High: 287.3 Day Low: 281.9
2018=9Target Met. Further moves above 288 remain suggesting recovery to 294 next ……..
View Previous BALFOUR BEATTY & Big Picture ***
LSE:BDEV Barrett Devs Close Mid-Price: 483 Percentage Change: -0.88% Day High: 491.3 Day Low: 481.6
2018=12In the event of continued weakness below 481p, we’re looking for travel do ……..
View Previous Barrett Devs & Big Picture ***
LSE:BPCLSE:BPC Bahamas Pet. Close Mid-Price: 4.1 Percentage Change: + 18.84% Day High: 4.1 Day Low: 3.45
Target Met. This has gotten interesting as ^up now above 4.1 enters a cycl ……..
View Previous Bahamas Pet & Big Picture ***
LSE:CARLSE:CAR Carclo. Close Mid-Price: 110 Percentage Change: + 1.38% Day High: 116 Day Low: 107
This still appears to be getting interesting as moves now above 116 enter ……..
View Previous Carclo & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 53.3 Percentage Change: -3.44% Day High: 55.7 Day Low: 52.9
Now below 52 and travel downward to an initial 50p remains extremely proba ……..
View Previous Foxtons & Big Picture ***
LSE:GENL Genel Close Mid-Price: 234 Percentage Change: -2.30% Day High: 242 Day Low: 223
Target Met. Weakness now below 223 gives some hope of 206 providing a prop ……..
View Previous Genel & Big Picture ***
LSE:HURLSE:HUR Hurrican Energy. Close Mid-Price: 54 Percentage Change: + 7.36% Day High: 55 Day Low: 51
2018=23Movement now up above 55 still suggests travel to 56p next, a point where ……..
View Previous Hurrican Energy & Big Picture ***
LSE:ITVLSE:ITV ITV. Close Mid-Price: 180.4 Percentage Change: + 4.28% Day High: 182.8 Day Low: 177.15
Target Met. This is becoming visually impressive as now above 183 makes ne ……..
View Previous ITV & Big Picture ***
LSE:KAZ Kaz Minerals Close Mid-Price: 810.4 Percentage Change: -1.29% Day High: 831.4 Day Low: 790.8
Target Met or close enough. Now trades below 788 risk being an issue as re ……..
View Previous Kaz Minerals & Big Picture ***
LSE:NG.LSE:NG. National Glug. Close Mid-Price: 876.5 Percentage Change: + 2.03% Day High: 875.1 Day Low: 861.5
Target Met. Further recovery bettering 876 now suggests movement to an ini ……..
View Previous National Glug & Big Picture ***
LSE:RBS Royal Bank Scot Close Mid-Price: 248.3 Percentage Change: -0.56% Day High: 251.7 Day Low: 246.2
Below 246 remains suggesting travel down toward 240p with some bounce pote ……..
View Previous Royal Bank Scot & 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:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **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:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MKS Marks and Spencer** **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: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!
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