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 ……..

Subscribe for more

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 ……..

Subscribe for more

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 ……..

Subscribe for more

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 ……..

Subscribe for more

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 ……..

Subscribe for more

View Previous Bahamas Pet & Big Picture ***


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 ……..

Subscribe for more

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 ……..

Subscribe for more

View Previous Hikma & Big Picture ***


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 ……..

Subscribe for more

View Previous IQE & Big Picture ***


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 ……..

Subscribe for more

View Previous Marks and Spencer & Big Picture ***


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 ……..

Subscribe for more

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 ……..

Subscribe for more

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 ……..

Subscribe for more

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.

This post has already been read 707 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.