Trends and Targets for 3/08/2018

FTSE FOR FRIDAY #FTSE #GOLD #CAC40 A trip to the mainland, discovering in the process Scots had forgotten how to drive in rain, was marred when uplifting one of the dogs from the Pet Hospital. A Golden Retriever looks silly with the back end of her coat shaved bald.

Thursday was “one of these days”, seasoned rather indiscreetly with a FTSE which fell off a cliff while we were cursing incompetent drivers who clearly felt 10 mph was a sensible top speed on a wet and steaming motorway. We were rather surprised when the market opted to bounce from our completely hypothetical 7550 points, the bottom end of this ridiculous straight line the market has been exploring for a couple of months. This time, we’re not entirely convinced the 7550 level shall hold.

Near term, it appears weakness continuing below 7549 should make an attempt at 7471 points. If broken, our secondary calculates at 7420 points.

However, the “thing” about a rangebound market is it’s supposed to bounce from the bottom of the range, so we’d be churlish to ignore the potentials. Near term, movement above 7588 is supposed to reach upward to an initial 7607 points. And if exceeded, our secondary is a rather more interesting 7670 points.

Our suspicion, rather strongly, is of a market about to finally break its rangebound state. It also carries the implication growth achieved at the end of July was indeed a feint, designed to give false confidence.

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

12:03:36AM

BRENT

73.4

‘cess

12:05:24AM

GOLD

1209.69

1206

1202

1191

1215

1220

1224

1230

1213

‘cess

12:09:02AM

FTSE

7629.15

Success

12:10:49AM

FRANCE

5489.2

5450

5441

5411

5490

5490

5502.5

5522

5450

‘cess

12:13:24AM

GERMANY

12609.55

Success

12:16:08AM

US500

2829.87

Success

12:17:49AM

DOW

25349

Success

12:19:48AM

NASDAQ

7382.24

Success

12:22:08AM

JAPAN

22570

Success

2/08/2018 FTSE Closed at 7575 points. Change of -1.01%. Total value traded through LSE was: £ 9,840,475,514 a change of -1.02%
1/08/2018 FTSE Closed at 7652 points. Change of -1.24%. Total value traded through LSE was: £ 9,941,905,370 a change of 85.64%
31/07/2018 FTSE Closed at 7748 points. Change of 0.62%. Total value traded through LSE was: £ 5,355,409,774 a change of 3.16%
30/07/2018 FTSE Closed at 7700 points. Change of -0.01%. Total value traded through LSE was: £ 5,191,373,123 a change of -6.91%
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%

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:AMER Amerisur** **LSE:BARC Barclays** **LSE:CPI Capita** **LSE:EME Empyrean** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:KAZ Kaz Minerals** **LSE:MKS Marks and Spencer** **LSE:RR. Rolls Royce** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Amerisur, Barclays, Capita, Empyrean, EasyJet, Fresnillo, Glencore Xstra, Hikma, Kaz Minerals, Marks and Spencer, Rolls Royce, Taylor Wimpey,


LSE:AMERLSE:AMER Amerisur. Close Mid-Price: 13.82 Percentage Change: + 0.00% Day High: 14.82 Day Low: 13.68

2018=70

Continued weakness below 13.6p indicates a fake bounce at 13p, prior to it ……..

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View Previous Amerisur & Big Picture ***


LSE:BARCLSE:BARC Barclays. Close Mid-Price: 186.54 Percentage Change: + 0.00% Day High: 197.5 Day Low: 185.18

2018=12

Barclays enacted a rather contrived stitch up at the open of trade. Now, b ……..

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View Previous Barclays & Big Picture ***


LSE:CPI Capita Close Mid-Price: 133.6 Percentage Change: -9.76% Day High: 145.95 Day Low: 134

Below 133 still threatens travel down to 130p next. Secondary is close at ……..

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View Previous Capita & Big Picture ***


LSE:EMELSE:EME Empyrean. Close Mid-Price: 8.9 Percentage Change: + 0.00% Day High: 8.9 Day Low: 7.65

2017=17

Target Met or close enough as above 9p indicates 10.75 next with secondary ……..

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View Previous Empyrean & Big Picture ***


LSE:EZJLSE:EZJ EasyJet. Close Mid-Price: 1530 Percentage Change: + 0.00% Day High: 1582 Day Low: 1532.5

2018=35

Below 1530 indicates travel to an initial target of 1483. If broken, our s ……..

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View Previous EasyJet & Big Picture ***


LSE:FRESLSE:FRES Fresnillo. Close Mid-Price: 993 Percentage Change: + 0.00% Day High: 1018.5 Day Low: 978.4

2018=35

Continued weakness now below 978 suggests travel to 950 next with secondar ……..

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View Previous Fresnillo & Big Picture ***


LSE:GLENLSE:GLEN Glencore Xstra. Close Mid-Price: 312.95 Percentage Change: + 0.00% Day High: 321 Day Low: 307

2018=23

Target Met. This is at risk of serious danger now. Anything below 306p can ……..

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View Previous Glencore Xstra & Big Picture ***


LSE:HIKLSE:HIK Hikma. Close Mid-Price: 1660 Percentage Change: + 0.00% Day High: 1700 Day Low: 1650

2018=14

Now above 1700 indicates 1723 next with secondary, if bettered, up at 1765 ……..

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View Previous Hikma & Big Picture ***


LSE:KAZLSE:KAZ Kaz Minerals. Close Mid-Price: 587.8 Percentage Change: + 0.00% Day High: 760.2 Day Low: 570

2018=7

Target Met. We’d been expecting the drop but all in one day was still a su ……..

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View Previous Kaz Minerals & Big Picture ***


LSE:MKSLSE:MKS Marks and Spencer. Close Mid-Price: 292.3 Percentage Change: + 0.00% Day High: 298.3 Day Low: 291

2018=18

This is quite bad and rather unexpected as continued discounting below 291 ……..

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View Previous Marks and Spencer & Big Picture ***


LSE:RR.LSE:RR. Rolls Royce. Close Mid-Price: 1058 Percentage Change: + 7.11% Day High: 1065.5 Day Low: 966.4

2018=23

Target Met. Bettering 1066 remains with the fairly useful ambition of 1160 ……..

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View Previous Rolls Royce & Big Picture ***


LSE:TW.LSE:TW. Taylor Wimpey. Close Mid-Price: 169.75 Percentage Change: + 0.00% Day High: 172.7 Day Low: 168.9

2018=23

The scenario remains of weakness below 168 allowing for 157 and ideally a ……..

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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:ASC Asos** **LSE:AV. Aviva** **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:DGE Diageo** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **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: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: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.

 

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