Trends and Targets for 24/08/2018

FTSE FOR FRIDAY (FTSE:UKX #DAX #NK225 ) The market is on the edge of becoming slightly scary. Then again, it always is. Conversely, with shares we generally lean to optimism, whereas with the #FTSE, expecting the worst rarely disappoints – eventually!

Chart goes here

However, like a visit to the dentist which keeps being cancelled, the FTSE has so far resolutely failed to actually fall off a cliff with, perhaps, The White Cliffs of Dover & Brexit waiting to provoke the perfect metaphor. The problem, if we could call it such, is the FTSE now trades in “Higher High” territory and this tends make drops underperform. A perfect instance is shaping up for Friday.

In the event the FTSE manages trade below just 7545 points, it enters a phase where weakness to an initial 7490 looks possible. If broken, our secondary ambition calculates at 7450 points. If triggered, stop is at 7585 points, a healthy risk/reward scenario. But the problem is, unless the market intends “get real” about reversal, any weakness is liable to fade out before 7490, simply due to the Big Picture upward strengths.

However, should the index decide to opt messing about, instead giving some upward strength, movement now above 7605 should prove capable of triggering near term growth to 7623 points, a fairly tame ambition. If exceeded, 7653 looks like a viable secondary. If triggered, stop is a little wide at 7556 points.

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

9:38:39PM

GOLD

1185.67

Success

9:44:03PM

BRENT

75.01

9:46:10PM

FTSE

7649

9:50:49PM

FRANCE

5417.2

‘cess

9:53:53PM

GERMANY

12367

12310

12275

12220

12410

12468

12586

12745

12308

9:56:16PM

US500

2857.57

Shambles

10:06:32PM

DOW

25676

‘cess

10:09:15PM

NASDAQ

7417.12

Success

10:11:46PM

JAPAN

22506

22421

22383

22332

22498

22534

22620

22877

22304

 

23/08/2018 FTSE Closed at 7563 points. Change of -0.15%. Total value traded through LSE was: £ 6,966,445,199 a change of -4.37%
22/08/2018 FTSE Closed at 7574 points. Change of 0.12%. Total value traded through LSE was: £ 7,284,592,540 a change of 12.38%
21/08/2018 FTSE Closed at 7565 points. Change of -0.34%. Total value traded through LSE was: £ 6,482,287,728 a change of 32.74%
20/08/2018 FTSE Closed at 7591 points. Change of 0.44%. Total value traded through LSE was: £ 4,883,481,928 a change of -2.25%
17/08/2018 FTSE Closed at 7558 points. Change of 0.03%. Total value traded through LSE was: £ 4,995,924,570 a change of -18.94%
16/08/2018 FTSE Closed at 7556 points. Change of 0.79%. Total value traded through LSE was: £ 6,163,458,056 a change of -7.57%
15/08/2018 FTSE Closed at 7497 points. Change of -1.5%. Total value traded through LSE was: £ 6,668,537,339 a change of 18.15%

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:PMO Premier** **LSE:POG Petrop etc** **LSE:RED REDT** **

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Updated charts published on : Premier, Petrop etc, REDT,


LSE:PMOLSE:PMO Premier. Close Mid-Price: 122.7 Percentage Change: + 0.99% Day High: 126.2 Day Low: 121.3

2018=12

In a slight change to the numbers, movement now above 127.35 indicates com ……..

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View Previous Premier & Big Picture ***


LSE:POGLSE:POG Petrop etc. Close Mid-Price: 6.65 Percentage Change: + 4.56% Day High: 6.7 Day Low: 6.33

2017=84

We’re starting to suspect the recent trend breaks were fake, designed to b ……..

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View Previous Petrop etc & Big Picture ***


LSE:REDLSE:RED REDT. Close Mid-Price: 9 Percentage Change: + 9.09% Day High: 9.15 Day Low: 8.25

2018=23

Target Met. Moves now exceeding 9.15 shall be regarded as heading to an in ……..

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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: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: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:NIPT Premaltha** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **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** **

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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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