#FTSE #Nasdaq Our amazingly popular weekly article, usually complaining about the UK FTSE 100 index has, for some reason, been attracting a lot of attention from Indonesia. Visitor numbers from that country proved sufficient to make it the 2nd most popular source of traffic, after the UK. The US, China, Germany, and France trailed behind with our unknown friends on Reunion Island now pushed far down the lists. Despite the thrill of reviewing where folk are based, another slight thrill is starting to grab our attention.
We’ve shown one of our insets on the chart, a close up of the uptrend (Red) since 2009. There’s a pretty easy conclusion to be drawn of a market, perfectly aware of this trends existence. For today, when we extrapolate this trend line, the FTSE 100 only needs close above 7029 to regain the trend. The implications thereafter are quite extraordinary, the Big Picture currently claiming the potential of recovery to a believable 7377 points.
Despite our unbreakable belief the FTSE shall experience considerable hesitation around the 7550 level (the pre-pandemic high), in the event the FTSE somehow trades above this initial 7377 target, we’re now able to calculate a longer term attraction at 8112 points. This would represent a new all time high for the UK, levels of confidence which are a surprise, given the impact of Brexit and Covid on the country. Our hope for the future is also built upon the FTSE following the example from other international markets, all of which it’s still lagging behind.
As for the immediate market potentials, this week has been pretty dire with the index continually failing to act properly, when faced with downward triggers or upward triggers. The trading range daily has been around 40 points which, for an index in the 7,000’s, is quite a disappointment. There’s a certain threat of movement below 6998 points forcing reversal to a useless 6980 points. If broken, our secondary calculates at 6930 points. Beware any trigger which occurs in the first second of trade on the FTSE as it’s liable to prove a fake!
If this reversal scenario triggers, the tightest stop feels like 7035 points.
Our alternate, the gain scenario, feels more probable. Movement above 7035 points should make an attempt at 7060 points initially. If exceeded, our secondary ambition works out at 7110 points and a decent start to the holiday weekend.
Special holiday weekend thanks to the folk who found some of the adverts on this page fascinating yesterday.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:16:04PM | BRENT | 69.25 | 67.92 | 67.58 | 68.54 | 69.29 | 69.46 | 68.38 | |||
| 10:17:44PM | GOLD | 1896 | 1888 | 1879 | 1899 | 1903 | 1906 | 1892 | ‘cess | ||
| 10:19:38PM | FTSE | 7041.84 | 6998 | 6988 | 7029 | 7045 | 7059.5 | 7011 | |||
| 10:32:26PM | FRANCE | 6438 | 6406 | 6397 | 6444 | 6466 | 6471.5 | 6420 | Success | ||
| 10:36:20PM | GERMANY | 15467 | 15350 | 15320 | 15447 | 15489 | 15528 | 15391 | ‘cess | ||
| 10:38:13PM | US500 | 4212.07 | 4181 | 4172 | 4202 | 4214 | 4220.5 | 4197 | |||
| 10:40:37PM | DOW | 34566 | 34380 | 34284 | 34478 | 34614 | 34652 | 34455 | Shambles | ||
| 10:42:30PM | NASDAQ | 13695 | 13620 | 13598.5 | 13700 | 13735 | 13773.5 | 13637 | |||
| 10:45:12PM | JAPAN | 28898 | 28343 | 28214 | 28576 | 28904 | 28981.75 | 28740 | Success |
27/05/2021 FTSE Closed at 7019 points. Change of -0.1%. Total value traded through LSE was: £ 11,159,138,786 a change of 114.44%
26/05/2021 FTSE Closed at 7026 points. Change of -0.04%. Total value traded through LSE was: £ 5,203,804,555 a change of -0.88%
25/05/2021 FTSE Closed at 7029 points. Change of -0.31%. Total value traded through LSE was: £ 5,249,852,674 a change of 45.96%
24/05/2021 FTSE Closed at 7051 points. Change of 0.47%. Total value traded through LSE was: £ 3,596,890,836 a change of -36.82%
21/05/2021 FTSE Closed at 7018 points. Change of -0.03%. Total value traded through LSE was: £ 5,693,397,928 a change of 0.83%
20/05/2021 FTSE Closed at 7020 points. Change of 1.01%. Total value traded through LSE was: £ 5,646,307,617 a change of -4.36%
19/05/2021 FTSE Closed at 6950 points. Change of -1.19%. Total value traded through LSE was: £ 5,903,633,845 a change of 15.89%
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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:CBX Cellular Goods** **LSE:HIK Hikma** **LSE:IGAS Igas Energy** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:POLY Polymetal** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:TW. Taylor Wimpey** **LSE:ZOL Zoldav** **
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Updated charts published on : Applied Graphene, Aston Martin, Cellular Goods, Hikma, Igas Energy, Lloyds Grp., Natwest, Polymetal, Sainsbury, Spirax, Taylor Wimpey, Zoldav,
LSE:AGM Applied Graphene. Close Mid-Price: 31 Percentage Change: + 5.44% Day High: 31 Day Low: 30
If Applied Graphene experiences continued weakness below 30, it will inva ……..
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View Previous Applied Graphene & Big Picture ***
LSE:AML Aston Martin. Close Mid-Price: 2123 Percentage Change: + 5.46% Day High: 2119 Day Low: 1986
In the event of Aston Martin enjoying further trades beyond 2119, the sha ……..
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View Previous Aston Martin & Big Picture ***
LSE:CBX Cellular Goods Close Mid-Price: 6.15 Percentage Change: -4.21% Day High: 6.45 Day Low: 6.1
In the event Cellular Goods experiences weakness below 6.1 it calculates ……..
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View Previous Cellular Goods & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 2454 Percentage Change: -1.56% Day High: 2515 Day Low: 2462
Target met. Further movement against Hikma ABOVE 2515 should improve acce ……..
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View Previous Hikma & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 17.8 Percentage Change: -11.00% Day High: 19.2 Day Low: 17.8
If Igas Energy experiences continued weakness below 17.8, it will invaria ……..
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View Previous Igas Energy & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 49.91 Percentage Change: + 3.08% Day High: 49.62 Day Low: 48.24
All Lloyds Grp. needs are mid-price trades ABOVE 49.62 to improve acceler ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 205.9 Percentage Change: + 2.13% Day High: 207.1 Day Low: 200.3
^ Now worth a watch, it appears NWG are preparing to move soon. Above 207. ……..
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View Previous Natwest & Big Picture ***
LSE:POLY Polymetal. Close Mid-Price: 1726.5 Percentage Change: + 0.82% Day High: 1735 Day Low: 1709
Continued trades against POLY with a mid-price ABOVE 1735 should improve ……..
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View Previous Polymetal & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 266 Percentage Change: + 1.06% Day High: 267 Day Low: 261.7
All Sainsbury needs are mid-price trades ABOVE 267 to improve acceleratio ……..
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View Previous Sainsbury & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 12770 Percentage Change: + 1.55% Day High: 12760 Day Low: 12530
Target met. All Spirax needs are mid-price trades ABOVE 12760 to improve ……..
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View Previous Spirax & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 167 Percentage Change: -3.27% Day High: 172.8 Day Low: 166.9
If Taylor Wimpey experiences continued weakness below 166.9, it will inva ……..
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View Previous Taylor Wimpey & Big Picture ***
LSE:ZOL Zoldav Close Mid-Price: 25 Percentage Change: -1.96% Day High: 25.5 Day Low: 24.5
If Zoldav experiences continued weakness below 24.5, it will invariably l ……..
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View Previous Zoldav & Big Picture ***