Trends and Targets for 30/07/2018

FTSE for August. (FTSE:UKX) #FTSE #BRENT #NK225 Now all the politicians have gone camping, we enter August, a month we detest due to a history of irrational movements. We sometimes suspect all paid employees of the markets are on holiday, leaving unpaid interns to man the levers.

It’s easy to imagine a “Post-It” note on monitors with the legend; ‘keep FTSE between 7550 and 7750’ as despite the presence of a couple of pretty trend lines, it’s difficult to conclude anything shall actually change as we enter peak holiday time. Except, obviously, in Scotland where summer has apparently ended as the temperature has dropped dramatically. (We’re based in Scotland and notice these things)

Since the start of June, it became obvious we could paint trend lines until the cows came home but broadly speaking, neither market indices nor popular shares have been reacting to breaking trends. While it was easy to blame the phenomena on Brexit, this pattern of events was repeated through Europe and – broadly speaking – the USA.

Due to some common sense stretching logic, it now appears the FTSE must actually better 7760 to truly suggest it’s breaking free from the current 200 point wide flat line. Such a miracle should prove capable of 7865 initially and visually a challenge against the prior high.

Of course, if things now intend go south, below 7570 is supposed to now alarm us  with an initial drop target at 7460 with secondary, if broken, down at 7360.

Otherwise, if you’re parked on the M20 while making your way to the tunnel, rest assured we remain fascinated with the market and truly suspect it will remain flat for a while. Unless something happens.

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

4:27:15PM

BRENT

74.78

74.2

73.73

73.2

75.2

75.32

75.7375

76.38

74.2

4:28:47PM

GOLD

1223.65

‘cess

4:30:40PM

FTSE

7475

‘cess

4:32:15PM

FRANCE

5486.2

Success

4:33:57PM

GERMANY

12821

8:30:09PM

US500

2817.82

Success

8:36:40PM

DOW

25458.8

8:52:14PM

NASDAQ

7289

‘cess

9:00:11PM

JAPAN

22604

22509

22460.5

22370

22639

22732

22759

22900

22546

 

27/07/2018 FTSE Closed at 7701 points. Change of 0.5%. Total value traded through LSE was: £ 5,576,810,683 a change of -9.57%
26/07/2018 FTSE Closed at 7663 points. Change of 0.07%. Total value traded through LSE was: £ 6,167,111,078 a change of 1.99%
25/07/2018 FTSE Closed at 7658 points. Change of -0.66%. Total value traded through LSE was: £ 6,046,971,973 a change of -8.48%
24/07/2018 FTSE Closed at 7709 points. Change of 0.71%. Total value traded through LSE was: £ 6,607,606,745 a change of 36.7%
23/07/2018 FTSE Closed at 7655 points. Change of -0.3%. Total value traded through LSE was: £ 4,833,553,865 a change of -19.07%
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%

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:BT.A British Telecom** **LSE:CASP Caspian** **LSE:NIPT Premaltha** **LSE:RED REDT** **

********

Updated charts published on : British Telecom, Caspian, Premaltha, REDT,


LSE:BT.ALSE:BT.A British Telecom. Close Mid-Price: 236 Percentage Change: + 4.96% Day High: 239.05 Day Low: 230

2018=18

Target Met. It appears the mood may have changed here as above 240 hints r ……..

Subscribe for more

View Previous British Telecom & Big Picture ***


LSE:CASPLSE:CASP Caspian. Close Mid-Price: 10.75 Percentage Change: + 3.61% Day High: 10.75 Day Low: 10.38

2018=35

It appears our suspicion is proving correct as above 10.75 still suggests ……..

Subscribe for more

View Previous Caspian & Big Picture ***


LSE:NIPTLSE:NIPT Premaltha. Close Mid-Price: 8.85 Percentage Change: + 5.99% Day High: 8.85 Day Low: 8.35

2017=126

With movement now above 8.9p, this still entertains the possibility of 12. ……..

Subscribe for more

View Previous Premaltha & Big Picture ***


LSE:REDLSE:RED REDT. Close Mid-Price: 7.6 Percentage Change: + 17.28% Day High: 7.7 Day Low: 6.52

2018=23

Target Met. This now risks being useful as above 7.7 indicates 9.2p next. ……..

Subscribe for more

View Previous REDT & 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:CAR Carclo** **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: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: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: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** **

********


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 79 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.