THE FTSE THIS WEEK (FTSE:UKX) Yes again we were sharply reminded of the “holiday” element in trading as values through London slumped 16% against the previous day, yet the FTSE celebrated with an interesting upward day on Friday. However… despite our initial target being exceeded by 12 points, the visuals give us some concerns.
Essentially, our question is simple. Has the market managed to trap itself in a region between 7,500 and 7,700 for the holiday season?
Dance steps during July (so far) lend credence to such a notion there there’s very little doubt growth now bettering 7717 points should make a valiant effort to reach 7806 points with secondary, if bettered, at 7906 points. Aside from the strange coincidence of numbers, an ambition at 7900 very neatly will match the heights of May and doubtless provoke the “double top” believers to throw their hands up in glee as some reversal should follow.
Or will it?
We’re genuinely uncertain what’s coming. A glance at the chart – and in particular the RED uptrend – shows a fragile market, one which only requires some negative news to provoke trouble. In the case of the FTSE, we would expect anything now below 7575 to drive the index back to an initial 7360 points. If broken, our secondary calculation lurks down at 7100 points.
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
|
10:13:41PM |
BRENT |
74.83 |
74.2 |
73.535 |
72.77 |
75.2 |
75.86 |
76.25 |
77.45 |
74.2 |
‘cess |
|
|
10:15:40PM |
GOLD |
1241.86 |
‘cess |
|||||||||
|
10:17:29PM |
FTSE |
7673.14 |
‘cess |
|||||||||
|
10:20:39PM |
FRANCE |
5435 |
‘cess |
|||||||||
|
10:45:18PM |
GERMANY |
12553 |
‘cess |
|||||||||
|
10:51:44PM |
US500 |
2803.07 |
‘cess |
|||||||||
|
10:54:58PM |
DOW |
25037 |
‘cess |
|||||||||
|
10:58:06PM |
NASDAQ |
7379 |
Success |
|||||||||
|
11:01:50PM |
JAPAN |
22577 |
22440 |
22410 |
22318 |
22598 |
22680 |
22726 |
22867 |
22367 |
Success |
13/07/2018 FTSE Closed at 7661 points. Change of 0.09%. Total value traded through LSE was: £ 5,335,259,467 a change of -14.51%
12/07/2018 FTSE Closed at 7654 points. Change of 0.83%. Total value traded through LSE was: £ 6,240,611,480 a change of -2.23%
11/07/2018 FTSE Closed at 7591 points. Change of -1.31%. Total value traded through LSE was: £ 6,383,168,183 a change of 6.72%
10/07/2018 FTSE Closed at 7692 points. Change of 0.05%. Total value traded through LSE was: £ 5,981,269,158 a change of 5.33%
9/07/2018 FTSE Closed at 7688 points. Change of 1.04%. Total value traded through LSE was: £ 5,678,830,364 a change of 4.7%
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%
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:AGM Applied Graph.** **LSE:ASC Asos** **LSE:DGE Diageo** **LSE:GENL Genel** **LSE:HL. Hargreaves Lansdown** **LSE:MKS Marks and Spencer** **LSE:RTHM Rythm One** **LSE:SHP Shire** **LSE:STAN Standard Chartered** **
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Updated charts published on : Applied Graph., Asos, Diageo, Genel, Hargreaves Lansdown, Marks and Spencer, Rythm One, Standard Chartered,
LSE:AGM Applied Graph. Close Mid-Price: 38.5 Percentage Change: -7.23% Day High: 41.5 Day Low: 38.5
2018=70
This has managed to get into trouble as below 38 indicates weakness to 33. ……..
View Previous Applied Graph. & Big Picture ***
LSE:ASC Asos Close Mid-Price: 5750 Percentage Change: -1.20% Day High: 5928 Day Low: 5706
2018=10
This appears to be going to the dark side as below 5700 makes travel down ……..
View Previous Asos & Big Picture ***
LSE:DGELSE:DGE Diageo. Close Mid-Price: 2804 Percentage Change: + 0.70% Day High: 2835.5 Day Low: 2799
2018=35
Target Met. Now above 2836 and it appears travel toward 2850 can be expect ……..
View Previous Diageo & Big Picture ***
LSE:GENLLSE:GENL Genel. Close Mid-Price: 279 Percentage Change: + 3.53% Day High: 280.5 Day Low: 265
2018=10
This still has the potential of above 281 suggesting coming traffic in the ……..
View Previous Genel & Big Picture ***
LSE:HL. Hargreaves Lansdown Close Mid-Price: 2057 Percentage Change: -0.34% Day High: 2102 Day Low: 2056
2018=18
The situation now is of growth bettering 2102 entering a cycle to 2148p ne ……..
View Previous Hargreaves Lansdown & Big Picture ***
LSE:MKSLSE:MKS Marks and Spencer. Close Mid-Price: 314.5 Percentage Change: + 0.42% Day High: 316.6 Day Low: 314.2
2018=18
Now above 317p and it appears 321 shall provide a bit of a stutter. But se ……..
View Previous Marks and Spencer & Big Picture ***
LSE:RTHMLSE:RTHM Rythm One. Close Mid-Price: 195 Percentage Change: + 11.43% Day High: 200 Day Low: 181
2018=12
Despite a stonking bounce, this remains a bit uncertain due to our demand ……..
View Previous Rythm One & Big Picture ***
LSE:SHPLSE:SHP Shire. Close Mid-Price: 4340 Percentage Change: + 0.09% Day High: 4376.5 Day Low: 4338
2018=14
Moves now bettering 4377 confirm this on a path to 4417 next. Secondary, i ……..
View Previous Shire & Big Picture ***
LSE:STAN Standard Chartered Close Mid-Price: 671 Percentage Change: -0.59% Day High: 682.1 Day Low: 670.4
2018=12
Target Met. Ongoing weakness below 668 remains with the suggestion of trav ……..
View Previous Standard Chartered & 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:AMER Amerisur** **LSE:AV. Aviva** **LSE:BARC Barclays** **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:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **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: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:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **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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