Trends and Targets for 23/07/2018

FTSE THIS WEEK (FTSE:UKX) Our suspicion of a market which has wandered into full blown holiday mode was confirmed when the FTSE achieved our trigger 7705 on Friday, then reversed faster than a politician faced with a yes/no question.

There remains a strong argument favouring reversal on the marketplace to the 7360 level and just because it hasn’t happened yet does not mean we can rule it out. Regular readers, along with anyone expecting us to be punctual for a meeting, will know our grasp of time is a bit tenuous. The situation remains of weakness now below 7560 being very capable of 7360 next with secondary, if broken, down around the 7150 mark. If demanding early warning, our eyebrows shall elevate should the FTSE make it below 7591 points in the coming week.

On the basis we’re being unnecessarily cautious, the market now requires better 7720 points to give a suspicion a drop isn’t around the corner as such strength propels the FTSE into a region where 7800 is allegedly available. If bettered, top calculates at 7867 points.

Otherwise, we can now refine the thickness of our “straight line” as being from 7560 up to 7720 points. Which, if trips dips and bounces, makes for a pretty profitable straight line. Experience teaches this sort of thing usually ends in tears but when viewing 2017, the state of affairs continued until September! We’ve used identical circle sizes over the same periods in 2017 and 2018…

Holidays! Who lost their mind and approved the concept?

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

6:21:38PM

BRENT

73.02

71.8

71.64

71.02

72.3

73.57

74.325

75.36

723

6:26:39PM

GOLD

1232.5

‘cess

6:30:14PM

FTSE

7672

8:11:19PM

FRANCE

5392

Success

8:13:50PM

GERMANY

12548

Success

8:16:15PM

US500

2802.52

Success

8:18:46PM

DOW

25075.3

Success

8:20:55PM

NASDAQ

7352.24

Sorry

8:24:26PM

JAPAN

22528

22483

22346

22118

22660

22725

22753.5

22845

22505

Success

 

20/07/2018 FTSE Closed at 7678 points. Change of -0.08%. Total value traded through LSE was: £ 5,972,757,582 a change of -5.7%
19/07/2018 FTSE Closed at 7684 points. Change of 0.1%. Total value traded through LSE was: £ 6,333,565,850 a change of 7.85%
18/07/2018 FTSE Closed at 7676 points. Change of 0.66%. Total value traded through LSE was: £ 5,872,564,247 a change of -0.15%
17/07/2018 FTSE Closed at 7626 points. Change of 0.34%. Total value traded through LSE was: £ 5,881,481,055 a change of 19.07%
16/07/2018 FTSE Closed at 7600 points. Change of -0.8%. Total value traded through LSE was: £ 4,939,520,492 a change of -7.42%
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%

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:DGE Diageo** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:POL Polo Resources** **LSE:RBS Royal Bank Scot** **LSE:TCG Thomas Cook Group** **LSE:VEC Vectura** **LSE:VOD Vodafone** **

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Updated charts published on : Diageo, Genel, Hikma, Polo Resources, Royal Bank Scot, Thomas Cook Group, Vectura, Vodafone,


LSE:DGELSE:DGE Diageo. Close Mid-Price: 2883.5 Percentage Change: + 0.96% Day High: 2885 Day Low: 2850

2018=35

Now above 2886 and a cycle toward 2917p looks viable. Secondary calculates ……..

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View Previous Diageo & Big Picture ***


LSE:GENLLSE:GENL Genel. Close Mid-Price: 277.5 Percentage Change: + 2.78% Day High: 282 Day Low: 268.5

2018=10

This still has the potential of above 282 suggesting coming traffic in the ……..

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View Previous Genel & Big Picture ***


LSE:HIKLSE:HIK Hikma. Close Mid-Price: 1614.5 Percentage Change: + 4.30% Day High: 1650 Day Low: 1548

2018=14

Target Met. That was pleasantly precise and now, above 1650 indicates 1723 ……..

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View Previous Hikma & Big Picture ***


LSE:POL Polo Resources Close Mid-Price: 3.15 Percentage Change: -3.67% Day High: 3.06 Day Low: 3.04

2018=35

This has become a little messy as below 3p indicates the potential of a fa ……..

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View Previous Polo Resources & Big Picture ***


LSE:RBS Royal Bank Scot Close Mid-Price: 241.8 Percentage Change: -0.70% Day High: 243.5 Day Low: 240.9

2018=7

The scenario (expectation) remains of below 240 leading to 231p and hopefu ……..

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View Previous Royal Bank Scot & Big Picture ***


LSE:TCG Thomas Cook Group Close Mid-Price: 95.3 Percentage Change: -2.80% Day High: 98.45 Day Low: 94.95

2018=35

Below 94 suggests continued weakness will doubtless appear to 83p. If brok ……..

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View Previous Thomas Cook Group & Big Picture ***


LSE:VECLSE:VEC Vectura. Close Mid-Price: 80.95 Percentage Change: + 2.21% Day High: 81 Day Low: 78.9

2018=14

Something interesting is happening here as ^up above 81 indicates the pote ……..

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View Previous Vectura & Big Picture ***


LSE:VOD Vodafone Close Mid-Price: 177.64 Percentage Change: -0.34% Day High: 177.9 Day Low: 175.12

2018=18

Weakness now below 175 indicates 173 with secondary 170, essentially sugge ……..

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View Previous Vodafone & 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: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: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: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:TLW Tullow** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **LSE:VED Vedanta** **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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