This week has not been the most interesting on the FTSE. Or indeed other world markets, starting with fears of missiles hitting Saudi oil refineries, moving onto fears of Astrazeneca vaccine side effects and it being banned. But now, the fear of missiles seems to be receding and the price of crude oil has followed. In addition, various international agencies announce the vaccine is safe.
Even Boris Johnston is getting a doze tomorrow but perhaps he shall be struck down by a meteorite instead, this apparently being riskier than the vaccine itself. From a personal note, it’s been 5 weeks since the jag and no unpleasant side effects. I’m still a small, fat, ugly, hairy, Scottish bloke!
Receding oil prices rarely bode well for the share price of Oil Majors on the FTSE, perhaps able to exert a dampening effect on our thoughts for Friday. But a return to optimism over the potential of a return to “normality” may well promote a feel good factor for the FTSE. In addition, it’s spring and here in Argyll the snow has melted with the temperature moving into double figures, always an encouraging sign even if it’s only 10c as a day high.
We should now be skipping around like lambs, if the FTSE manages above 6814 points as this should now generate sufficient impetus for an initial gain in the direction of 6857 points. If bettered, our secondary calculates at 6918 points but with the recent pace of movement, we suspect this shall prove too difficult to expect in a single day. More importantly, these sort of index gains lay out longer term ramifications for the UK market, launch the FTSE into a zone where we need to admit 7208 points should present a major point of attraction in the future, providing a level at which we’d suspect some hesitation. Unfortunately, the still remains considerably short of an attempt at the pre pandemic high of 7500 points, cementing the UK’s place as the slowest market amongst the G7 nations.
For things to go wrong, the FTSE needs limp below 6733 points, entering a region where reversal toward 6691 calculates as possible. If broken, our secondary works out at 6635 points.
Have a good weekend. Only another week until Formula1 recommences. Will not miss the “pleasure” of rising absurdly early to watch the first GP of the season traditionally being from Ozz. At least Bahrain will start at a civilised time.
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:49:49PM | BRENT | 62.79 | 61.34 | 59.325 | 63.99 | 63.87 | 65.9 | 62.23 | Success | ||
| 9:52:24PM | GOLD | 1736.6 | 1718 | 1711 | 1733 | 1739 | 1743.5 | 1729 | Success | ||
| 10:13:08PM | FTSE | 6741 | 6718 | 6709 | 6786 | 6794 | 6817 | 6718 | ‘cess | ||
| 10:18:13PM | FRANCE | 6016 | 6003 | 5983 | 6033 | 6030 | 6039 | 6010 | Success | ||
| 10:22:54PM | GERMANY | 14705 | 14674 | 14630 | 14719 | 14804 | 14823.75 | 14527 | Success | ||
| 10:27:17PM | US500 | 3921 | 3906 | 3884 | 3939 | 3938 | 3947 | 3919 | ‘cess | ||
| 10:34:45PM | DOW | 32918 | 32879 | 32816 | 32991 | 33035 | 33075 | 32879 | |||
| 10:38:54PM | NASDAQ | 12820 | 12772 | 12679 | 12995 | 13076 | 13158 | 12948 | |||
| 10:41:41PM | JAPAN | 30000 | 29894 | 29727.5 | 30037 | 30273 | 30387.5 | 30060 |
18/03/2021 FTSE Closed at 6779 points. Change of 0.25%. Total value traded through LSE was: £ 5,996,916,137 a change of -9.18%
17/03/2021 FTSE Closed at 6762 points. Change of -0.6%. Total value traded through LSE was: £ 6,602,740,362 a change of -14.86%
16/03/2021 FTSE Closed at 6803 points. Change of 0.8%. Total value traded through LSE was: £ 7,754,900,384 a change of 34.17%
15/03/2021 FTSE Closed at 6749 points. Change of -0.18%. Total value traded through LSE was: £ 5,779,699,069 a change of 6.67%
12/03/2021 FTSE Closed at 6761 points. Change of 0.37%. Total value traded through LSE was: £ 5,418,064,712 a change of -9.29%
11/03/2021 FTSE Closed at 6736 points. Change of 0.16%. Total value traded through LSE was: £ 5,972,975,685 a change of -1.35%
10/03/2021 FTSE Closed at 6725 points. Change of -0.07%. Total value traded through LSE was: £ 6,055,011,331 a change of -12.01%
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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:AV. Aviva** **LSE:BLVN Bowleven** **LSE:EME Empyrean** **LSE:IGG IG Group** **LSE:MRW Morrisons** **LSE:RKH Rockhopper** **LSE:RMG Royal Mail** **LSE:VOD Vodafone** **
********
Updated charts published on : Applied Graphene, Aston Martin, Aviva, Bowleven, Empyrean, IG Group, Morrisons, Rockhopper, Royal Mail, Vodafone,
LSE:AGM Applied Graphene Close Mid-Price: 42.5 Percentage Change: -3.41% Day High: 44 Day Low: 42.5
This has proven less than spectacular and it’s still the case the price ne ……..
</p
View Previous Applied Graphene & Big Picture ***
LSE:AMLLSE:AML Aston Martin. Close Mid-Price: 2045 Percentage Change: + 1.94% Day High: 2150 Day Low: 2008
Above 2194 should now make this useful, pointing at an initial 2406 with s ……..
</p
View Previous Aston Martin & Big Picture ***
LSE:AV.LSE:AV. Aviva. Close Mid-Price: 398.5 Percentage Change: + 1.79% Day High: 399.4 Day Low: 393
All Aviva needs are mid-price trades ABOVE 399.4 to improve acceleration ……..
</p
View Previous Aviva & Big Picture ***
LSE:BLVN Bowleven Close Mid-Price: 6.25 Percentage Change: -3.85% Day High: 6.5 Day Low: 5.75
In the event Bowleven experiences weakness below 5.75 it calculates with ……..
</p
View Previous Bowleven & Big Picture ***
LSE:EMELSE:EME Empyrean. Close Mid-Price: 5.3 Percentage Change: + 1.92% Day High: 5.43 Day Low: 4.75
Target met. Further movement against Empyrean ABOVE 5.43 should improve a ……..
</p
View Previous Empyrean & Big Picture ***
LSE:IGGLSE:IGG IG Group. Close Mid-Price: 884 Percentage Change: + 3.94% Day High: 886.5 Day Low: 852.5
Continued trades against IGG with a mid-price ABOVE 886.5 should improve ……..
</p
View Previous IG Group & Big Picture ***
LSE:MRWLSE:MRW Morrisons. Close Mid-Price: 177.7 Percentage Change: + 0.08% Day High: 179.65 Day Low: 177.25
In the event of Morrisons enjoying further trades beyond 179.65, the shar ……..
</p
View Previous Morrisons & Big Picture ***
LSE:RKHLSE:RKH Rockhopper. Close Mid-Price: 12 Percentage Change: + 9.49% Day High: 12.1 Day Low: 10.4
Target met. Continued trades against RKH with a mid-price ABOVE 12.1 shou ……..
</p
View Previous Rockhopper & Big Picture ***
LSE:RMGLSE:RMG Royal Mail. Close Mid-Price: 526 Percentage Change: + 1.58% Day High: 530.8 Day Low: 520.4
In the event of Royal Mail enjoying further trades beyond 530.8, the shar ……..
</p
View Previous Royal Mail & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 136.12 Percentage Change: -0.58% Day High: 138.14 Day Low: 135.66
Further movement against Vodafone ABOVE 138.14 should improve acceleratio ……..
</p
View Previous Vodafone & Big Picture ***