Barclays for 1/10/2019

#Gold #SP500 We’ve never experienced movement on the markets quite like those currently. It’s not just a UK Brexit thing, irrational and illogical appears the order of the day throughout Europe and the USA. We’re asked, almost daily, ‘are the markets about to suffer a correction?’. For quite a while, we were confident this was going to be the case but in the last few days, the FTSE managed to stagger above 7384 points. This is supposed to be a key signal of movement into relative safety.

We’re not sold on the prospect of continued growth on the FTSE and equally, we’re now less convinced things are about to fall apart. When last reviewing Barclays, we postulated 157p as a target, along with a return to relative safety. On 13 September, it finally achieved our 157p, actually with a day high at 157.12p. Before becoming too excited at our target being bettered, the day high was achieved 14 minutes before the end of day bell. Worse, the share price rapidly receded as if scalded, spending the next few weeks just messing around messily. It results in the situation where we’re nervous. Our target was minimally exceeded and we’re not sold on the prospect of 0.12p being relevant.

The situation now is slightly interesting as above 154.5p is supposed to generate recovery to 161.6p next. If bettered, secondary calculates at 177p along with very probable hesitation. There is, however, another factor to consider.

As the chart insert shows, once Barclays hit out 157p, the price retreated and in the period since, assiduously remains below Blue on the chart, the ruling downtrend since 2018. This is not a great signal as the price remains solidly in a zone with 112p exerting attraction. Currently, below just 144p suggests weakness coming to 136p next. If broken, secondary is at 112p and “hopefully” a proper bounce.

We’re vague in drawing conclusions, simply because the markets are not giving a sense of true direction. Things could break upward, just as easily as the could break downward. An example of how ludicrous things are came from Gold. Last night we’d given a “slow” drop target at 1464, not really expecting it anytime soon. At present, Gold is supposed to be a useful contra indicator for the index’. As folk who follow Gold will note, it broke our 1490 trigger and bounced at 1464 on a day the index’ were mucking around doing nothing positive.

Go figure!

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:16:21PM

BRENT

59.38

               

‘cess

10:18:32PM

GOLD

1473.63

1464

1461

1436

1488

1475

1476.75

1481

1467

Success

10:20:21PM

FTSE

7423.91

               

10:27:44PM

FRANCE

5670

               

‘cess

10:29:44PM

GERMANY

12449

               

‘cess

10:31:41PM

US500

2983

2962

2948

2933

2979

2986

2994

3010

2963

10:33:26PM

DOW

26987

               

10:43:03PM

NASDAQ

7763.72

               

10:44:37PM

JAPAN

21863

               

Shambles

 

 

30/09/2019 FTSE Closed at 7408 points. Change of -0.24%. Total value traded through LSE was: £ 6,488,689,828 a change of 25.92%

Trends and Targets for 30/09/2019

Purple Bricks (LSE:PURP) A colour made fashionable by a dead pop star provides sufficient reason for distrust with Purple Bricks. Prince, with sufficient clout to do his own thing, often proved the axiom, “just because you can, doesn’t mean you should.” Anyone who’s suffered his extended album tracks will know the meaning of self indulgent. His legacy, as far as this writer was concerned, transpired to be distaste for any fad which prefers Purple.

Something has gone terribly wrong with Purple Bricks share price with the result extreme caution is now required, if it somehow manages CLOSE below 91p. Unfortunately, this looks likely as weakness now below 110p indicates coming travel to an initial 78p, almost matching the share price at the initial launch.

From our perspective, this shall prove an extremely dangerous situation as below 78p and we can calculate an initial 44p with secondary, if (when) broken at an ultimate bottom of 31p. This ultimate bottom certainly presents a level where our rules will suggest, rather firmly, the share price will bounce with some integrity. As to whether it ever attempts its historical highs above 5 quid in the future looks unlikely, unless some miracle occurs.

At present, Purple Bricks requires exceed 137 just to exceed the immediate downtrend and enter a cycle where our initial calculation suggests 148p with secondary, if bettered, a donk against 186p and the historical uptrend.

We’re not impressed with the ones performance but if the share indeed ever manages visit the 30’s, if should prove worth keeping an eye on.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

12:41:24PM

BRENT

61.31

59.9

59.595

58.78

62

62.08

62.745

63.71

60.25

‘cess

12:43:36PM

GOLD

1497.49

               

Success

12:50:24PM

FTSE

7410

               

‘cess

1:43:53PM

FRANCE

5612

               

1:45:55PM

GERMANY

12349

12302

12267

12219

12386

12405

12446.25

12490

12312

‘cess

1:56:15PM

US500

2966.52

               

Success

1:59:21PM

DOW

26859

               

‘cess

2:33:32PM

NASDAQ

7696

               

Success

3:05:53PM

JAPAN

21745

               

Success

 

27/09/2019 FTSE Closed at 7426 points. Change of 1.02%. Total value traded through LSE was: £ 5,153,175,724 a change of -21.17%

FTSE for Friday for 27/09/2019

#DAX #Nasdaq Rarely have we been so glad to welcome the weekend. This week really sucked on the #FTSE, a hysteria of panic uncontrolled movements, strangely reminiscent of our elected MP’s at Westminster. Calling them “leaders” would be akin to describing a housefly as a genius because it can fly. In fact, Westminster appears infested by politicians who can’t do politics! At least a housefly can fly…

 In Scotland, we became used to this calibre of MP for decades until they were swept away by Scotland’s largest party. Sorry if giving the impression of little respect for the current crop of incompetents.

There’s little doubt the antics of politicians are again effecting the market, the FTSE proving more irrational than other markets and generally providing a confused week. Allegedly, the situation now is of movement above 7395 apparently being capable of triggering growth to an initial 7445 points. If exceeded, secondary calculates at 7485 points.

We have doubts and would recommend a tight stop, if the scenario triggers. Unfortunately, the tightest available is quite wide presently at 7333 points!

The reason for this is fairly simple. Below 7351 risks triggering reversal to an initial 7333 points. Below 7333 and continued weakness to 7280 calculates as possible, perhaps even 7247 if negatives news manages to power a grotty Friday. Visually, a down day on the market will make some sense as despite Thursday achieving a “higher high”, the speed of reversal thereafter was noteworthy and we’ve a suspicion the UK index intends remain within its tight September trend, at least until the end of the month.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:42:30PM

BRENT

61.68

60.61

60.11

   

61.98

62.29

 

60.96

Sorry

10:44:26PM

GOLD

1503.72

1500

1497

   

1513

1516.5

 

1502

Success

10:47:53PM

FTSE

7380.1

7345

7328.5

   

7391

7416

 

7345

Success

10:50:42PM

FRANCE

5637.7

5530

5528.5

   

5641

5657.5

 

5585

‘cess

10:52:56PM

GERMANY

12328

12192

12157.5

   

12344

12367.5

 

12268

‘cess

10:55:46PM

US500

2979.07

2963

2958.5

   

2987

2994.5

 

2969

10:58:03PM

DOW

26915

26754

26672.5

   

26985

27013

 

26870

Shambles

10:59:44PM

NASDAQ

7769.82

7717

7689

   

7823

7842

 

7734

11:05:58PM

JAPAN

21969

21945

21885

   

22127

22166

 

22038

‘cess

 

26/09/2019 FTSE Closed at 7351 points. Change of 0.85%. Total value traded through LSE was: £ 6,536,751,448 a change of 42.18%

25/09/2019 FTSE Closed at 7289 points. Change of -0.03%. Total value traded through LSE was: £ 4,597,482,306 a change of -12.72%

24/09/2019 FTSE Closed at 7291 points. Change of -0.48%. Total value traded through LSE was: £ 5,267,350,098 a change of -41.38%

23/09/2019 FTSE Closed at 7326 points. Change of -0.25%. Total value traded through LSE was: £ 8,986,324,808 a change of -29.08%

20/09/2019 FTSE Closed at 7344 points. Change of -0.16%. Total value traded through LSE was: £ 12,670,572,411 a change of 125.4%

19/09/2019 FTSE Closed at 7356 points. Change of 0.57%. Total value traded through LSE was: £ 5,621,323,285 a change of 3.9%

18/09/2019 FTSE Closed at 7314 points. Change of -0.08%. Total value traded through LSE was: £ 5,410,113,434 a change of -11.15%

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:AFC AFC Energy** **LSE:AGM Applied Graph.** **LSE:ASC Asos** **LSE:BLOE Block Energy PLC** **LSE:BPC Bahamas Pet** **LSE:CCL Carnival** **LSE:HIK Hikma** **LSE:IQE IQE** **LSE:MKS Marks and Spencer** **LSE:NG. National Glug** **LSE:PMG Parkmead** **LSE:SXX Sirius Mins** **

********

Updated charts published on : AFC Energy, Applied Graph., Asos, Block Energy PLC, Bahamas Pet, Carnival, Hikma, IQE, Marks and Spencer, National Glug, Parkmead, Sirius Mins,


LSE:AFC AFC Energy Close Mid-Price: 4.68 Percentage Change: -3.90% Day High: 4.99 Day Low: 4.6

Continuing below 4.6 gives the suggestion of a coming bounce at 4.20p. If ……..

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View Previous AFC Energy & Big Picture ***


LSE:AGM Applied Graph. Close Mid-Price: 19 Percentage Change: -5.00% Day High: 20 Day Low: 19

Continued weakness against AGM taking the price below 19 calculates as le ……..

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View Previous Applied Graph. & Big Picture ***


LSE:ASC Asos Close Mid-Price: 2347 Percentage Change: -4.36% Day High: 2489 Day Low: 2367

In the event Asos experiences weakness below 2367 it calculates with a dr ……..

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View Previous Asos & Big Picture ***


LSE:BLOE Block Energy PLC Close Mid-Price: 4.45 Percentage Change: -12.75% Day High: 4.9 Day Low: 4.4

Target met. Weakness on Block Energy PLC below 4.4 will invariably lead t ……..

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View Previous Block Energy PLC & Big Picture ***


LSE:BPC Bahamas Pet Close Mid-Price: 1.95 Percentage Change: -7.14% Day High: 2.3 Day Low: 1.95

Continued weakness against BPC taking the price below 1.95 calculates as ……..

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LSE:CCL Carnival Close Mid-Price: 3389 Percentage Change: -7.20% Day High: 3705 Day Low: 3352

This is getting a little twitchy as below 3350 suggests weakness to an ini ……..

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View Previous Carnival & Big Picture ***


LSE:HIKLSE:HIK Hikma. Close Mid-Price: 2187 Percentage Change: + 1.48% Day High: 2206 Day Low: 2143

Target met. Continued trades against HIK with a mid-price ABOVE 2206 shou ……..

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LSE:IQELSE:IQE IQE. Close Mid-Price: 63.65 Percentage Change: + 4.95% Day High: 63.9 Day Low: 58.3

This looks worth keeping an eye on as ^up above 64 still indicates 69.50 n ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 180.25 Percentage Change: -0.96% Day High: 182.1 Day Low: 176.85

Target met. Weakness on Marks and Spencer below 176.85 will invariably le ……..

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LSE:NG.LSE:NG. National Glug. Close Mid-Price: 887 Percentage Change: + 2.75% Day High: 889.4 Day Low: 860.5

Target met. Continued trades against NG. with a mid-price ABOVE 889.4 sho ……..

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View Previous National Glug & Big Picture ***


LSE:PMG Parkmead Close Mid-Price: 36.5 Percentage Change: -3.31% Day High: 37.1 Day Low: 36.3

If Parkmead experiences continued weakness below 36.3, it will invariably ……..

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View Previous Parkmead & Big Picture ***


LSE:SXX Sirius Mins Close Mid-Price: 3.71 Percentage Change: -8.97% Day High: 4.2 Day Low: 3.65

A couple of slight changes but it’s still looking like weakness on Sirius ……..

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View Previous Sirius Mins & Big Picture ***


*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AMER Amerisur** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **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:ITV ITV** **LSE:KAZ Kaz Minerals** **LSE:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:PMO Premier** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RBD Reabold Resources PLC** **LSE:RBS Royal Bank Scot** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:TAN Tanfield** **LSE:TAP was Rythm One** **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** **

********


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.

Sainsbury for 26/09/2019

#Gold #WallSt With all this Brexit hullabaloo, we’ve a sneaking suspicion the markets anticipate the major supermarkets to do rather well in the event of any supplies crisis. After all, in times of shortage or disruptions, retailers price goods against “worst possible” scenario. Almost accidentally, they will generally do rather well out of a major issue as the need for “Special Offers” or price comparison vanishes.

Already, Sainsbury are poised at the starting gate for some reasonable share price movement.

Essentially, there looks like a trigger level of 225p which, if exceeded, allows price growth to an initial 238p. Better still, if exceeded, this allows ongoing travel toward a secondary calculation of 284p. Beyond 284p, we shall need re-examine the tea leaves (if we can afford them) as some quite extraordinary longer term movement becomes possible.

Of course, there’s a fly on the soufflé.

Regular readers will be aware of out historical hysteria over Gap Up / Gap Down movements on shares. On many occasions, they proved incredibly reliable indicators for serious trouble ahead and in the case of Sainsbury, it produced a couple of textbook warning gaps. We’ve circled them on the chart.

Unless Sainsbury actually makes an effort to close above 225p anytime soon, it’s trading in a region where below 192p risks reversal down to an initial 167p. Worse, if broken, our longer term secondary (and hopefully bottom) calculates down at 138p. We can go lower as ultimate bottom, the point we cannot calculate below, is at 100p. At present, nothing threatens such a calamity

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:51:24PM

BRENT

61.65

               

‘cess

9:53:13PM

GOLD

1503.86

1501

1497.5

1485

1508

1508

1509.5

1512.74

1502

Success

9:55:25PM

FTSE

7306.38

               

‘cess

10:00:14PM

FRANCE

5595.2

               

Success

10:02:19PM

GERMANY

12264

               

‘cess

10:04:50PM

US500

2984.97

               

‘cess

10:33:35PM

DOW

26984

26734

26618

26481

26915

27028

27078.5

27205

26884

10:37:02PM

NASDAQ

7805

               

Success

10:42:53PM

JAPAN

22030

               

25/09/2019 FTSE Closed at 7289 points. Change of -0.03%. Total value traded through LSE was: £ 4,597,482,306 a change of -12.72%

Metro Bank Plc for 25/09/2019

#FTSE #Japan Falling faster than Boris Johnston’s credibility, Metro Bank could not be ignored. A Bond Sale, coming in the same year they announce an ‘accounting issue’, failed to attract sufficient buyers and the initiative was cancelled. Their already spectacularly bad share price suffered – spectacularly!

Usually with this sort of thing, when a price experiences a massive 36% reversal, we look hard to try an identify a logical bounce point. After all, it’s often quite possible to snag a 15% rebound, even if any bounce is deemed as to be of the “dead cat” variety. Instead, Metro presents us with quite a major issue, due to its proximity to the “dead parrot” side of trading. The companies share price movements, since their fanfare listing in 2016, proved to be utterly dreadful. At time of writing, it’s trading around the 175p level with the potential of weakness below this level driving the price further down to 103p.

At 103p, we would hope for a bounce, potentially a fairly useful one but the danger comes if 103p is broken on any initial downward surge. Our secondary is at 76p and this is a level we cannot calculate below. Obviously, we can but all the answers are prefaced with minus signs.

Before any bounce from current could be taken seriously, the share almost needs double in value as only above 315p dare we start to suspect the reversal has been a dreadful mistake and things are going to be okay for the future. When we review how the price was managed on the 24th Sept, even above 222p is supposed to bring 238p which, if bettered, gives a very slight hope bottom is already in. This being the case, our secondary calculates at an unlikely 338p.

We suspect this shall be worth watching, if it approaches the 76p level.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:17:56PM

BRENT

61.6

               

10:21:59PM

GOLD

1532.08

               

Shambles

10:46:41PM

FTSE

7254.43

7243

7231

7183

7293

7304

7316.5

7341

7256

‘cess

10:50:22PM

FRANCE

5601.7

               

‘cess

10:53:04PM

GERMANY

12254

               

‘cess

10:56:05PM

US500

2969.57

               

‘cess

11:00:41PM

DOW

26840.7

               

Shambles

11:03:19PM

NASDAQ

7719.62

               

Success

11:05:06PM

JAPAN

21850

21806

21764

21636

21966

22009

22085.5

22178

21862

Success

 

24/09/2019 FTSE Closed at 7291 points. Change of -0.48%. Total value traded through LSE was: £ 5,267,350,098 a change of -41.38%

Sports Direct for 24/09/2019

#Gold #SP500 In the current market place, there are few shares presenting any real picture of optimism but for some reason, despite the word “sports” in the name, Sports Direct appear on the edge of becoming useful. The trigger level isn’t even that far away!

Above 285p exceeds the very obvious Blue downtrend since 2015 and appears very capable of launching the share in the direction of 307p next. Visually there’s plenty of reason to anticipate some sort of hesitation at the 307p, if only due to the share prices historic behaviour around this level. But in the event it actually closes a session above 307p, we’re able to calculate the potential of 342p making a future appearance. In fact, if driven by positive news flow, it could quickly surge to 423p in the future.

All it needs do is start going up!

For any indication it’s all starting to go wrong, the share price presently requires slip below 265p as reversal to an initial 240p seems possible. If broken, secondary calculates down at 203p and hopefully a bottom is feels capable of rebounding from. Given the companies immediate efforts to purchase “Goals Soccer” outright very soon, it will be interesting how the market reacts to any acquisition.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:11:06PM

BRENT

63.7

               

10:12:47PM

GOLD

1522.92

1516

1511.5

1506

1525

1527

1532

1540

1516

‘cess

10:15:33PM

FTSE

7354

               

Shambles

10:22:43PM

FRANCE

5639

               

‘cess

10:29:50PM

GERMANY

12387

               

Success

10:31:33PM

US500

3000.07

2980

2970

2953

2998

3004

3007

3016

2990

10:34:45PM

DOW

27022.7

               

Shambles

10:36:37PM

NASDAQ

7852.37

               

10:39:12PM

JAPAN

21949

               

‘cess

 

23/09/2019 FTSE Closed at 7326 points. Change of -0.25%. Total value traded through LSE was: £ 8,986,324,808 a change of -29.08%

20/09/2019 FTSE Closed at 7344 points. Change of -0.16%. Total value traded through LSE was: £ 12,670,572,411 a change of 125.4%

19/09/2019 FTSE Closed at 7356 points. Change of 0.57%. Total value traded through LSE was: £ 5,621,323,285 a change of 3.9%

18/09/2019 FTSE Closed at 7314 points. Change of -0.08%. Total value traded through LSE was: £ 5,410,113,434 a change of -11.15%

17/09/2019 FTSE Closed at 7320 points. Change of -0.01%. Total value traded through LSE was: £ 6,089,337,683 a change of 3.99%

16/09/2019 FTSE Closed at 7321 points. Change of -0.62%. Total value traded through LSE was: £ 5,855,486,633 a change of 3.71%

13/09/2019 FTSE Closed at 7367 points. Change of 0.31%. Total value traded through LSE was: £ 5,645,792,852 a change of -3.82%

Glencore for 23/09/2019

#BRENT #DAX Our July report (link) explained the chances of Glencore hitting 228p. It did but something funny happened. The price did not actually break 228p on the first surge downward. By normal rules, this is a good thing, suggesting we should not be terribly worried at the share pivoting above and below the 228 level in the weeks since.

We’ve been keeping a slightly mad eye on some of the major shares, looking for early warning signals the market is about to be trashed by the effect of Brexit. While the retail banks all appear to be wandering around ringing sad bells to keep the unwary clear, there are pretty mixed signals amongst many other shares. Some of the major miners (Fresnillo for instance) adopted a stance of utter defeat some time ago, others like Glencore are sending slightly different signals. Equally, amongst Oil shares, the situation is far from clear and overall we’re forced to conclude no-one has a clue what effect Brexit shall bring.

In-house, we suspect a dip before the actual Brexit day (whenever that is) followed by strong market recovery with the first piece of positive news. Our basis for this is fairly straightforward – sometimes things need a good shakeup.

As for Glencore, since hitting our 228p, the price has moved in a fairly predictable fashion with the result it need now only trade above 263p to become useful. Exceeding a trigger such as this should enter a cycle to an initial 270p with secondary, if bettered, a longer term 304p. Visually, we’d be quite enthusiastic to witness 304p against this as further confident growth looks extremely possible.

That’s the end of the good news. We’re basing a lot of optimism on 228p not breaking on the first downward surge. (It actually hit 227.95p but we’d inclined to believe this a callibration error)

Now below 218p and travel downhill to an initial 204p looks possible. If broken, secondary calculates at a bottom – hopefully – of 132p.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

1:55:44PM

BRENT

63.92

62.82

60.86

57.64

64.6

64.87

65.53

66.56

63.3

1:57:57PM

GOLD

1517

               

‘cess

2:45:35PM

FTSE

7324

               

‘cess

2:48:12PM

FRANCE

5663.7

               

Success

2:52:36PM

GERMANY

12469

12392

12346.5

12292

12483

12492

12519

12592

12415

‘cess

2:56:15PM

US500

2987.42

               

‘cess

3:01:32PM

DOW

26908

               

‘cess

3:12:11PM

NASDAQ

7810.74

               

‘cess

3:24:30PM

JAPAN

21967

               

20/09/2019 FTSE Closed at 7344 points. Change of -0.16%. Total value traded through LSE was: £ 12,670,572,411 a change of 125.4%