#FTSE & #FreeFutures As we crawl into what’s traditionally the 2nd quietest month of the year, after August, the FTSE isn’t yet doing much to gather peoples attention. The market opened June at 7022 points, closing the month at 7037 points. The in-between bit experienced a real trading range of just 200 points, discounting two fake opening second market spikes. Long story short, June was about as exciting as waiting for the toaster to pop up. Then realising you’d forgotten to turn it on…
The UK market has been pretty flat since April, movements tending to favour little nudges rather than anything solid. This painful experience suggests not holding out for anything special during the holiday period of July & August. Of course, the UK stock market, always blessed with a sense of humour, is liable to use this period to actually engage in proper movements, favouring a time when actual trades are at low levels. Obviously, this is just a silly theory but it’s based on experience; never, ever, expect the market to do the obvious. Just because the punters install “holiday brain” most emphatically will not require the market to do similar.
Who knows, with so called “Freedom Day” looming later this month, perhaps it shall be used as an excuse for positive movement as the FTSE remains solidly behind most other major markets in its recovery from the Covid-19 low. A couple of straightforward examples come from France & Germany. Had the FTSE (currently 7125 points) matched France, it would presently be 1,000 points higher. Had the FTSE matched Germany, it would be 1,400 points higher.
We’ve been hoping for signs of a surge to the 7550 level but even when something occurs which, in normal markets would be a trigger, the FTSE simply enacts a polite little hop before failing to exceed targets.
Presently trading around 7123 points, the index is supposed to be on track for 7145 points. Given the tiny number of points involved, we’ll opt to take the stance of using this very short term target as a potential trigger level.
Should the index stumble above 7145 points, we can calculate the potential of 7177 points next with secondary, if exceeded, coming along at 7192 points. This secondary has the potential to become quite a big deal, effectively matching the highest level achieved since last years pandemic droop, taking the UK market to the edge of higher highs and hopefully, significant further gains to 7330 points.
If things intend go wrong, the FTSE needs trade below 7085, this enjoying the potential of provoking reversals to an initial 7064 points. Should such a level break, our secondary works out at 7031 points and the visuals suggest a bounce should such a level appear.
Have a good weekend. Hopefully Formula One shall not again produce another boring race from Austria.
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:34:23PM | BRENT | 75.56 | 75.1 | 74.555 | 76 | 76.28 | 76.8225 | 75.24 | Success | ||
| 10:38:03PM | GOLD | 1776.95 | 1765 | 1759 | 1776 | 1784 | 1787 | 1772 | Success | ||
| 10:41:04PM | FTSE | 7144 | 7049 | 7016 | 7084 | 7149 | 7176 | 7113 | ‘cess | ||
| 10:43:13PM | FRANCE | 6571 | 6528 | 6519 | 6555 | 6575 | 6602.5 | 6540 | ‘cess | ||
| 10:48:22PM | GERMANY | 15625 | 15487 | 15416 | 15638 | 15710 | 15731.5 | 15572 | Success | ||
| 10:50:35PM | US500 | 4318 | 4294 | 4290 | 4314 | 4322 | 4327 | 4308 | Success | ||
| 10:53:03PM | DOW | 34616 | 34493 | 34434 | 34604 | 34644 | 34696 | 34546 | ‘cess | ||
| 10:55:16PM | NASDAQ | 14553 | 14477 | 14442 | 14577 | 14616 | 14639 | 14508 | |||
| 10:58:26PM | JAPAN | 28739 | 28649 | 28567.5 | 28730 | 28797 | 28845.5 | 28649 |
1/07/2021 FTSE Closed at 7125 points. Change of 1.25%. Total value traded through LSE was: £ 4,682,685,719 a change of -14.48%
30/06/2021 FTSE Closed at 7037 points. Change of -0.71%. Total value traded through LSE was: £ 5,475,559,287 a change of 23.7%
29/06/2021 FTSE Closed at 7087 points. Change of 0.21%. Total value traded through LSE was: £ 4,426,489,456 a change of -5.63%
28/06/2021 FTSE Closed at 7072 points. Change of -0.9%. Total value traded through LSE was: £ 4,690,740,791 a change of -4.03%
25/06/2021 FTSE Closed at 7136 points. Change of 0.38%. Total value traded through LSE was: £ 4,887,856,351 a change of -13.99%
24/06/2021 FTSE Closed at 7109 points. Change of 0.49%. Total value traded through LSE was: £ 5,682,704,264 a change of 17.41%
23/06/2021 FTSE Closed at 7074 points. Change of -0.23%. Total value traded through LSE was: £ 4,840,178,620 a change of 4.89%
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:AVCT Avacta** **LSE:EXPN Experian** **LSE:HIK Hikma** **LSE:IHG Intercontinental Hotels Group** **LSE:PHP Primary Health** **LSE:QFI Quadrise** **
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Updated charts published on : Avacta, Experian, Hikma, Intercontinental Hotels Group, Primary Health, Quadrise,
LSE:AVCT Avacta. Close Mid-Price: 185.4 Percentage Change: + 4.98% Day High: 179.5 Day Low: 170.5
Even above 207 should give an early indication of some recovery taking pla ……..
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Further movement against Experian ABOVE 2841 should improve acceleration ……..
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LSE:HIK Hikma. Close Mid-Price: 2540 Percentage Change: + 3.84% Day High: 2540 Day Low: 2459
All Hikma needs are mid-price trades ABOVE 2540 to improve acceleration t ……..
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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4876 Percentage Change: + 1.37% Day High: 4922 Day Low: 4832
This has some surprising potentials, perhaps even truly amazing given the ……..
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LSE:PHP Primary Health. Close Mid-Price: 154.6 Percentage Change: + 0.45% Day High: 155.1 Day Low: 153.9
In the event Primary Health experiences weakness below 153.9 it calculate ……..
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LSE:QFI Quadrise Close Mid-Price: 3.5 Percentage Change: -2.78% Day High: 3.5 Day Low: 3.36
Continued weakness against QFI taking the price below 3.36 calculates as ……..
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