#FTSE #DOW Lockdown, for many folk, gave the opportunity to finally get around to doing something, a project, painting, repairs. As someone already working from home and generally on top of domestic chores, restriction on movement gave the chance to try out some new ideas. As folk who indulge in Archery know, drawing the bow on the same target gets boring and it never hurts to become creative, especially once the possibility of marking the target with dartboard scores is proven as a stupid idea.
Lucky enough to have a natural half amphitheatre at the top of the garden, a long planned ‘good idea’ came to fruition, when replacing the tyre valves on the tractor… This somewhat dodgy excuse for maintenance ensured 4 tubeless tyre valves were available, these immediately repurposed and fitted into the lids of 4 Lucozade bottles. With the aid of some glue, each bottle was pumped full of air to just about 50psi, the point at which the plastic felt rock solid.
The bottles were dangled on string, gently swaying in the breeze while aim was taken from 35 yards away, safe in the knowledge a ‘miss’ would still embed itself in a wooden backdrop.
It’s possible I now know what a sonic boom sounds like, when standing beside whatever caused it. The echo bounced up the valley and of the 4 targets, nothing remained except bottle lids dangling on string. A single arrow triggered them all. Walking down the driveway, distant neighbours were outside, scanning the sky and I’m sure many were also thinking of the secret nuclear weapons facility just a few miles away. When there was no repeat of the sound, no sirens, no telltale mushroom clouds, folk invariably drifted indoors. My wife has confiscated the longbow and is communicating with furious grunts.
This was something not to try at home, not very dangerous, not messy, just shockingly loud. The arrow itself was unmarked, safely embedded in the wooden background.
This tale, of course, brings us to the FTSE. What the heck is needed to make the index go with a bang?
Once again, we’re showing a chart which highlights the FTSE 100’s performance when compared with other important indicators. We’ve even thrown in Brazil to the mix, just for some exotic flavour. As can be seen, other nations are challenging their market highs before the pandemic struck, many quite happily exceeding it. The UK, unfortunately, remains steadily on course to nowhere and desperately needs something to make the market go with a bang. When news of a container ship gumming up Suez broke, we made an automatic assumption it would be a British vessel, doubtless caused by a mindset of constantly wondering what else can go wrong with our country.
We’ve been hoping the FTSE would start some recovery and the market has steadfastly avoid it. Oddly though, for the last few weeks we’ve been calculating the potential of reversal to around 6,600 points and this has been noticeable by its absence (so far). Perhaps some strength is lurking in the darkness?
Anything now above 6815 will convince us ‘something’ is happening, allowing a cycle to start toward 7050 points. While such an ambition is nowhere near the pre-pandemic highs of 7,500+, visually it should prove game changing for the longer term. As a result, we need occupy our time looking for reasons for the FTSE to better 6815 points.
FTSE for FRIDAY Near term, above 6693 calculates with the potential of movement up to an initial 6719 points. If exceeded, our secondary calculates at 6784 points with a surprisingly confident possibility. The secondary will prove, we suspect, quite a big deal, breaking from of the malaise which has marked the last week and placing London in a fairly useful position to commence further recovery toward 6843 points. If triggered, the tightest stop looks generous to the point of unlikely, at 6643 points.
Obviously, this will be comfortably above our trigger level above but as usual, we shall only be happy if the FTSE actually closes a session above 6815 points.
Alternately, below 6643 risks trouble, working out with the risk of reversal to an initial 6623 with secondary, if broken, at 6584 and hopefully a rebound, signalling the market remains trapped in a tight channel.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:00:19PM | BRENT | 61.73 | 60.8 | 60.475 | Subscribe | 62 | 62.55 | 63.48 | 61.8 | ||
| 11:02:57PM | GOLD | 1728.17 | 1721 | 1714.5 | 1732 | 1732 | 1737.5 | 1725 | ‘cess | ||
| 11:06:05PM | FTSE | 6706 | 6637 | 6610.5 | 6687 | 6712 | 6744.25 | 6672 | Success | ||
| 11:08:22PM | FRANCE | 5985.5 | 5941 | 5932 | 5967 | 5985 | 6006 | 5950 | Shambles | ||
| 11:11:09PM | GERMANY | 14693 | 14584 | 14565 | 14650 | 14698 | 14722 | 14594 | Success | ||
| 11:13:20PM | US500 | 3917 | 3878 | 3852 | 3907 | 3920 | 3932.5 | 3880 | ‘cess | ||
| 11:17:57PM | DOW | 32674 | 32283 | 32099.5 | 32360 | 32690 | 32761.5 | 32500 | Success | ||
| 11:20:19PM | NASDAQ | 12813 | 12763 | 12625 | 12862 | 12872 | 12983.5 | 12763 | ‘cess | ||
| 11:27:28PM | JAPAN | 29088 | 28590 | 28435.5 | 29815 | 29088 | 29130 | 28850 |
25/03/2021 FTSE Closed at 6674 points. Change of -0.57%. Total value traded through LSE was: £ 6,181,901,218 a change of 0.02%
24/03/2021 FTSE Closed at 6712 points. Change of 0.19%. Total value traded through LSE was: £ 6,180,734,714 a change of -2.58%
23/03/2021 FTSE Closed at 6699 points. Change of -0.4%. Total value traded through LSE was: £ 6,344,120,262 a change of 9.46%
22/03/2021 FTSE Closed at 6726 points. Change of 0.27%. Total value traded through LSE was: £ 5,795,599,482 a change of -59.88%
19/03/2021 FTSE Closed at 6708 points. Change of -1.05%. Total value traded through LSE was: £ 14,446,904,194 a change of 140.91%
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%
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:AV. Aviva** **LSE:CBX Cellular Goods** **LSE:GLEN Glencore Xstra** **LSE:IGAS Igas Energy** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:NG. National Glug** **LSE:ODX Omega Diags** **LSE:OXIG Oxford Instruments** **LSE:POG Petrop etc** **LSE:PPC President Energy** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Aviva, Cellular Goods, Glencore Xstra, Igas Energy, IQE, ITM Power, National Glug, Omega Diags, Oxford Instruments, Petrop etc, President Energy, Zoo Digital,
LSE:AV.LSE:AV. Aviva. Close Mid-Price: 400 Percentage Change: + 0.38% Day High: 402.4 Day Low: 395
Continued trades against AV. with a mid-price ABOVE 402.4 should improve ……..
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View Previous Aviva & Big Picture ***
LSE:CBX Cellular Goods Close Mid-Price: 9.25 Percentage Change: -5.14% Day High: 9.65 Day Low: 9.05
If Cellular Goods experiences continued weakness below 9.05, it will inva ……..
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View Previous Cellular Goods & Big Picture ***
LSE:GLEN Glencore Xstra Close Mid-Price: 268.85 Percentage Change: -3.34% Day High: 274.95 Day Low: 263.5
Target met. Weakness on Glencore Xstra below 263.5 will invariably lead t ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 25.8 Percentage Change: -3.55% Day High: 27.5 Day Low: 25
Continued weakness against IGAS taking the price below 25 calculates as l ……..
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View Previous Igas Energy & Big Picture ***
LSE:IQE IQE Close Mid-Price: 61.6 Percentage Change: -15.15% Day High: 73.25 Day Low: 60.25
Target met. In the event IQE experiences weakness below 60.25 it calculat ……..
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View Previous IQE & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 398 Percentage Change: -1.36% Day High: 406 Day Low: 380
If ITM Power experiences continued weakness below 380, it will invariably ……..
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View Previous ITM Power & Big Picture ***
LSE:NG.LSE:NG. National Glug. Close Mid-Price: 873 Percentage Change: + 1.25% Day High: 876.8 Day Low: 861.8
There’s a slightly interesting near term potential making itself known. Ne ……..
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View Previous National Glug & Big Picture ***
LSE:ODX Omega Diags Close Mid-Price: 79 Percentage Change: -7.60% Day High: 85.5 Day Low: 78
This has become a little wonky as weakness continuing below 78 looks like ……..
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View Previous Omega Diags & Big Picture ***
LSE:OXIGLSE:OXIG Oxford Instruments. Close Mid-Price: 1792 Percentage Change: + 2.52% Day High: 1810 Day Low: 1714
Weakness on Oxford Instruments below 1714 will invariably lead to 1530 wi ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:POG Petrop etc Close Mid-Price: 24.05 Percentage Change: -1.64% Day High: 24.8 Day Low: 23.95
Weakness on Petrop etc below 23.95 will invariably lead to 20 with second ……..
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View Previous Petrop etc & Big Picture ***
LSE:PPC President Energy Close Mid-Price: 2 Percentage Change: -4.76% Day High: 2.1 Day Low: 2
This is on the verge of enjoying an ‘oops’ moment as weakness continuing b ……..
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View Previous President Energy & Big Picture ***
LSE:ZOO Zoo Digital Close Mid-Price: 105.5 Percentage Change: -0.94% Day High: 107 Day Low: 105.5
Now above just 119 is all that’s required to allegedly trigger movement to ……..
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View Previous Zoo Digital & Big Picture ***