Wincing while making a report on a dead parrot, starts to feel different this week. Maybe, there is a faint heartbeat from the #FTSE, the UK’s resident deceased avian! It’s worth remembering we’re still awaiting the UK reaching the starting point where the index can reasonably be expected to move from recovery to growth. As this level is around 7,550 points, with the FTSE now at 7,076 points, there remains distance to travel until the UK reaches “the starting point”.
As most other countries have been trading above their pre-pandemic highs for some time, we can hope the FTSE discovers sufficient strength to reach the start line fairly fast. For instance, Wall St kicked things off last year in November, Germany celebrated the start of 2021 by finally passing its pre-Covid high, and even France joined the party at the start of April. The Australian market, the ASX 200 is currently prowling seductively at the starting line and we’re curious how long it shall take to “kick off”, experiencing a surge toward the 7,850 level. At time of writing, Australia is trading around 7,100 points and a 10% rise will prove worthwhile, confirming a desire to attain new all time highs.
To return to the FTSE, we still need search for strength capable of bringing the UK up to the 7,550 level. As always, please remember we are discussing the real time market and NOT after hours futures!
The index closed Thursdays session at 7,076, needing above just 7,088 to trigger a cycle toward an initial 7,125 points. If exceeded, we calculate a secondary at 7,182 as a viable ambition. If triggered, the tightest stop is painfully wide at 7,000 points.
Despite these targets obviously falling far short of our growth trigger of 7,550, an interesting aspect of the calculations is our secondary level. In the event the UK finds reason to trade above this 7,182 level, the market hits a Big Picture trigger level, one which should promote a longer term concept of growth to 7,719 points with secondary, if bettered, a very sane looking 8,069 points. This will suffice to confirm the FTSE moving into the future with other grown up markets.
The converse argument continues to recede, now requiring the FTSE below 6,760 points for concern, along with sharp reversal potential to 6,265 points.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:23:07PM | BRENT | 68.18 | 67.81 | 67.36 | 68.8 | 69.06 | 69.305 | 68.2 | ‘cess | ||
| 9:24:51PM | GOLD | 1814.89 | 1787 | 1776 | 1798 | 1818 | 1828.5 | 1790 | Success | ||
| 9:27:53PM | FTSE | 7103 | 7025 | 7001 | 7061 | 7106 | 7129.5 | 7074 | ‘cess | ||
| 9:29:56PM | FRANCE | 6384 | 6317 | 6300 | 6343 | 6384 | 6392 | 6352 | ‘cess | ||
| 9:33:05PM | GERMANY | 15226 | 15089 | 15039.5 | 15186 | 15275 | 15303.5 | 15176 | ‘cess | ||
| 10:14:26PM | US500 | 4199.97 | 4166 | 4155.5 | 4186 | 4202 | 4207.5 | 4166 | ‘cess | ||
| 10:18:39PM | DOW | 34546 | 34450 | 34402.5 | 34557 | 34560 | 34609 | 34450 | Shambles | ||
| 10:26:19PM | NASDAQ | 13612 | 13399 | 13319.5 | 13550 | 13622 | 13700 | 13472 | ‘cess | ||
| 10:29:17PM | JAPAN | 29323 | 29162 | 29091 | 29323 | 29427 | 29553.5 | 29200 | Success |
6/05/2021 FTSE Closed at 7076 points. Change of 0.53%. Total value traded through LSE was: £ 8,012,209,382 a change of 24%
5/05/2021 FTSE Closed at 7039 points. Change of 1.68%. Total value traded through LSE was: £ 6,461,512,143 a change of 1.02%
4/05/2021 FTSE Closed at 6923 points. Change of -0.66%. Total value traded through LSE was: £ 6,395,995,707 a change of -1.38%
30/04/2021 FTSE Closed at 6969 points. Change of 0.11%. Total value traded through LSE was: £ 6,485,673,817 a change of 11.9%
29/04/2021 FTSE Closed at 6961 points. Change of -0.03%. Total value traded through LSE was: £ 5,795,996,815 a change of 1.77%
28/04/2021 FTSE Closed at 6963 points. Change of 0.27%. Total value traded through LSE was: £ 5,695,013,979 a change of 9.25%
27/04/2021 FTSE Closed at 6944 points. Change of -100%. Total value traded through LSE was: £ 5,212,742,605 a change of 0%
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
Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:ASC Asos** **LSE:BLOE Block Energy PLC** **LSE:CAR Carclo** **LSE:DDDD 4D Pharma** **LSE:GLEN Glencore Xstra** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:NG. National Glug** **LSE:VEC Vectura** **LSE:VOD Vodafone** **
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Updated charts published on : AFC Energy, Asos, Block Energy PLC, Carclo, 4D Pharma, Glencore Xstra, IQE, ITM Power, ITV, National Glug, Vectura, Vodafone,
LSE:AFC AFC Energy Close Mid-Price: 54.2 Percentage Change: -6.71% Day High: 56.6 Day Low: 52.9
If AFC Energy experiences continued weakness below 52.9, it will invariab ……..
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View Previous AFC Energy & Big Picture ***
LSE:ASC Asos Close Mid-Price: 5008 Percentage Change: -3.40% Day High: 5232 Day Low: 4932
Weakness on Asos below 4932 will invariably lead to 4326 with secondary, ……..
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View Previous Asos & Big Picture ***
LSE:BLOE Block Energy PLC Close Mid-Price: 2.7 Percentage Change: -3.57% Day High: 2.85 Day Low: 2.6
All Block Energy PLC needs are mid-price trades ABOVE 2.85 to improve acc ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:CAR Carclo. Close Mid-Price: 46.9 Percentage Change: + 12.74% Day High: 47 Day Low: 42
Target met. Further movement against Carclo ABOVE 47 should improve accel ……..
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View Previous Carclo & Big Picture ***
LSE:DDDD 4D Pharma Close Mid-Price: 102 Percentage Change: -7.78% Day High: 110.6 Day Low: 101.4
Weakness on 4D Pharma below 101.4 will invariably lead to 92 with seconda ……..
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View Previous 4D Pharma & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 312.3 Percentage Change: + 0.77% Day High: 312 Day Low: 306.4
All Glencore Xstra needs are mid-price trades ABOVE 312 to improve accele ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IQE IQE Close Mid-Price: 54.6 Percentage Change: -3.02% Day High: 56.7 Day Low: 54.1
Weakness on IQE below 54.1 will invariably lead to 53 with secondary (if ……..
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View Previous IQE & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 343.8 Percentage Change: -17.47% Day High: 406.6 Day Low: 342
Target met. Weakness on ITM Power below 342 will invariably lead to 323 w ……..
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View Previous ITM Power & Big Picture ***
LSE:ITV ITV Close Mid-Price: 125.5 Percentage Change: -1.53% Day High: 129.9 Day Low: 124.8
All ITV needs are mid-price trades ABOVE 129.9 to improve acceleration to ……..
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View Previous ITV & Big Picture ***
LSE:NG. National Glug. Close Mid-Price: 933.8 Percentage Change: + 2.60% Day High: 932.6 Day Low: 915.2
Target met. In the event of National Glug enjoying further trades beyond ……..
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View Previous National Glug & Big Picture ***
LSE:VEC Vectura. Close Mid-Price: 116.6 Percentage Change: + 2.46% Day High: 120 Day Low: 114.6
All Vectura needs are mid-price trades ABOVE 120 to improve acceleration ……..
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View Previous Vectura & Big Picture ***
LSE:VOD Vodafone. Close Mid-Price: 142.02 Percentage Change: + 1.05% Day High: 142.24 Day Low: 139.54
In the event of Vodafone enjoying further trades beyond 142.24, the share ……..
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View Previous Vodafone & Big Picture ***