The #FTSE. A big picture view. #BRENT #DAX Every now an then, we feel the need to torment ourselves by looking at the FTSE since 1995. The index has certainly provided entertainment over the years and now, appears heading for pastures new.
A favourite in-house approach is fairly basic. “If it were a share, what would we expect?”
In the case of the FTSE, the ruling argument favours 8750 as a sane future point where some stumbles should occur. The only thing more ridiculous than this calculation is the width of drop needed to cancel the number. At present, the FTSE requires slip below 6280 to nullify the growth equation!
We’ve painted the historical glass ceiling at 6,900 points and thus far, from a charty perspective, the index has done everything right. Once the market broke upward, it achieved a series of new highs before “testing” the prior glass ceiling (no idea why this should happen). Since “testing” the historical ceiling, the index has again moved higher – for two days – and is now just waiting sufficient excuse to better 7904 points and commence some further acceleration.
That’s about the end of any immediate positive spin on things as despite all these healthy growth ambitions, we rather suspect some relaxation shall be required first. Unfortunately, the immediate situation is the index requires break below 7490 to confirm our fears, bringing 7360 into view. A drop such as this, while spectacular, would do nothing to alarm us. Below 7360 would give cause for concern, suggesting somewhere around the 7100 level as a viable bounce point.
For now, it’s August, it’s boring, and if you’re in Scotland, it’s also raining constantly. Roll on mid-September.
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
|
9:58:40AM |
BRENT |
73.04 |
71.45 |
71.18 |
69.92 |
72.31 |
73.21 |
73.35 |
73.7 |
72.2 |
Shambles |
|
|
10:00:15AM |
GOLD |
1212 |
||||||||||
|
10:02:27AM |
FTSE |
7678.36 |
‘cess |
|||||||||
|
10:07:24AM |
FRANCE |
5402.7 |
Success |
|||||||||
|
10:15:45AM |
GERMANY |
12534 |
12382 |
12366.5 |
12242 |
12447 |
12533 |
12557.5 |
12616 |
12394 |
Success |
|
|
10:19:36AM |
US500 |
2838.17 |
Success |
|||||||||
|
10:22:09AM |
DOW |
25357 |
Success |
|||||||||
|
10:32:00AM |
NASDAQ |
7421.87 |
Success |
|||||||||
|
10:34:15AM |
JAPAN |
22203 |
Success |
10/08/2018 FTSE Closed at 7667 points. Change of -0.96%. Total value traded through LSE was: £ 5,311,037,680 a change of 2.17%
9/08/2018 FTSE Closed at 7741 points. Change of -0.45%. Total value traded through LSE was: £ 5,198,020,570 a change of -5.35%
8/08/2018 FTSE Closed at 7776 points. Change of 0.75%. Total value traded through LSE was: £ 5,491,644,452 a change of -5.04%
7/08/2018 FTSE Closed at 7718 points. Change of 0.72%. Total value traded through LSE was: £ 5,783,256,365 a change of -3.91%
6/08/2018 FTSE Closed at 7663 points. Change of 0.05%. Total value traded through LSE was: £ 6,018,611,086 a change of 89.31%
3/08/2018 FTSE Closed at 7659 points. Change of 1.11%. Total value traded through LSE was: £ 3,179,276,502 a change of -67.69%
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% 
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:FRES Fresnillo** **LSE:LLOY Lloyds Grp.** **LSE:RBS Royal Bank Scot** **LSE:SCLP Scancell** **LSE:VED Vedanta** **
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Updated charts published on : Fresnillo, Lloyds Grp., Royal Bank Scot, Scancell, Vedanta,
LSE:FRES Fresnillo Close Mid-Price: 989.2 Percentage Change: -3.21% Day High: 1015 Day Low: 952.6
2018=35
Target Met. This is getting a little dramatic as weakness now below 950 ma ……..
View Previous Fresnillo & Big Picture ***
LSE:LLOY Lloyds Grp. Close Mid-Price: 61.86 Percentage Change: -0.40% Day High: 62.07 Day Low: 61.6
2018=23
Ongoing weakness now below 61.6 indicates travel down to 60p next. If brok ……..
View Previous Lloyds Grp. & Big Picture ***
LSE:RBS Royal Bank Scot Close Mid-Price: 247.9 Percentage Change: -1.67% Day High: 252.8 Day Low: 245.6
2018=7
This is skating on increasingly thin ice as below 245 is suggesting near t ……..
View Previous Royal Bank Scot & Big Picture ***
LSE:SCLP Scancell Close Mid-Price: 11.45 Percentage Change: -3.78% Day High: 11.9 Day Low: 11.25
2018=18
This is getting rather dangerous now as weakness below 11.25 looks capable ……..
View Previous Scancell & Big Picture ***
LSE:VEDLSE:VED Vedanta. Close Mid-Price: 838 Percentage Change: + 0.60% Day High: 841.6 Day Low: 836.6
2018=14
Share price growth above 842 should generate traffic to 900 next. If excee ……..
View Previous Vedanta & 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:DGE Diageo** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **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: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: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: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: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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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.