Is the AIM Market crashing?

#FTSE #CAC40 Over the last five years, we’ve often sung the praises of the UK’s junior market as it appeared to have left its, often questionable, behaviour behind. Instead, it tends perform with considerable strength, far outstripping the once respectable FTSE 100 both in performance and also, adherence to what passes for logic in the marketplace. In fact, since the March 2020 pandemic drop, the AIM has tended mimic the North American markets in strength, leaving the FTSE languishing far behind.

To illustrate just how strong the AIM has become, we’ve presented the FTSE 100 as a chart overlay in dark blue. By May of last year, the AIM once again left the FTSE in its cloud of broken dreams, soaring onward with true superhero strength.

Thanks to the recent market corrections, which are spoiling the party internationally, there are early signals the AIM shall face some reversals. As a result, it may prove wise in the days ahead to glance at the index before becoming convinced a share is “cheap”. Even in normal times, there’s no such thing as a “cheap” share, internet chatrooms stuffed full of people who felt their 10p bargain could never go lower as everyone said it was ‘cheap’.

 

Our hesitancy comes from AIM market behaviour over the last 5 sessions. Currently trading around 1195 points, the index needs above 1250 to convince us the recent trend break was fake. The immediate situation isn’t terribly dreadful, suggesting weakness below 1191 shall commence a reversal cycle to an initial 1167 with secondary, if broken, at a hopeful bottom of 1150 points. There is an unpleasant implication, if the 1150 level breaks, as the index faces future reversals to a hopeful bottom of 1041 points.

At present, we’re inclined favourably toward a viewpoint of 1150 eventually providing a “bottom” level on the immediate cycle.

 

In the unlikely event the index somehow finds reason to exceed 1250, we calculate an initial target of 1292 with secondary, if bettered, still at our long term 1368 points, this being a level where we suspect some real turbulence shall prove possible on the AIM.

Hey, chart goes here

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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
9:53:55PM BRENT 68.43 Shambles
9:56:31PM GOLD 1810.41 ‘cess
10:00:36PM FTSE 6911 6819 6802 6736 6890 6922 6939.5 6984 6833 ‘cess
10:03:09PM FRANCE 6369 6300 6272.5 6235 6357 6385 6394 6442 6348 Success
10:14:12PM GERMANY 15263
10:16:01PM US500 4326 Success
10:18:48PM DOW 34541 ‘cess
10:20:54PM NASDAQ 14735 Success
10:22:56PM JAPAN 27701 Success

 

 

20/07/2021 FTSE Closed at 6881 points. Change of 0.54%. Total value traded through LSE was: £ 5,514,441,062 a change of 18.32%
19/07/2021 FTSE Closed at 6844 points. Change of -2.34%. Total value traded through LSE was: £ 4,660,799,780 a change of -7.14%
16/07/2021 FTSE Closed at 7008 points. Change of -0.06%. Total value traded through LSE was: £ 5,019,385,780 a change of -1.58%
15/07/2021 FTSE Closed at 7012 points. Change of -1.11%. Total value traded through LSE was: £ 5,099,995,306 a change of 13.98%
14/07/2021 FTSE Closed at 7091 points. Change of -0.46%. Total value traded through LSE was: £ 4,474,388,413 a change of 6.25%
13/07/2021 FTSE Closed at 7124 points. Change of -0.01%. Total value traded through LSE was: £ 4,211,106,808 a change of 2.19%
12/07/2021 FTSE Closed at 7125 points. Change of 0.06%. Total value traded through LSE was: £ 4,120,988,724 a change of -9.74%

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:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:DDDD 4D Pharma** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:OPG OPG Power Ventures** **LSE:POG Petrop etc** **LSE:POLY Polymetal** **LSE:SDY Speedyhire** **LSE:STAN Standard Chartered** **LSE:VOG VICTORIA** **

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Updated charts published on : Aston Martin, Asos, Aviva, BALFOUR BEATTY, Block Energy PLC, 4D Pharma, Foxtons, Fresnillo, Genel, Hikma, Hargreaves Lansdown, HSBC, IG Group, International Personal Finance, Lloyds Grp., Marks and Spencer, OPG Power Ventures, Petrop etc, Polymetal, Speedyhire, Standard Chartered, VICTORIA,

LSE:AML Aston Martin. Close Mid-Price: 1746 Percentage Change: + 1.25% Day High: 1758.5 Day Low: 1690

In the event Aston Martin experiences weakness below 1690 it calculates w ……..

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View Previous Aston Martin & Big Picture ***

LSE:ASC Asos Close Mid-Price: 3744 Percentage Change: -1.99% Day High: 3897 Day Low: 3652

Target met. Weakness on Asos below 3652 will invariably lead to 3564 with ……..

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View Previous Asos & Big Picture ***

LSE:AV. Aviva. Close Mid-Price: 380.7 Percentage Change: + 1.04% Day High: 384.6 Day Low: 373.8

If Aviva experiences continued weakness below 373.8, it will invariably l ……..

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View Previous Aviva & Big Picture ***

LSE:BBY BALFOUR BEATTY Close Mid-Price: 288.8 Percentage Change: -1.70% Day High: 295.4 Day Low: 287

Weakness on BALFOUR BEATTY below 287 will invariably lead to 280 with sec ……..

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View Previous BALFOUR BEATTY & Big Picture ***

LSE:BLOE Block Energy PLC Close Mid-Price: 2.25 Percentage Change: -6.25% Day High: 2.35 Day Low: 2.25

Target met. Continued weakness against BLOE taking the price below 2.25 c ……..

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View Previous Block Energy PLC & Big Picture ***

LSE:DDDD 4D Pharma Close Mid-Price: 83.1 Percentage Change: -4.04% Day High: 87 Day Low: 82.2

Target met. In the event 4D Pharma experiences weakness below 82.2 it cal ……..

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View Previous 4D Pharma & Big Picture ***

LSE:FOXT Foxtons Close Mid-Price: 46.75 Percentage Change: -1.48% Day High: 49.35 Day Low: 45.35

In the event Foxtons experiences weakness below 45.35 it calculates with ……..

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View Previous Foxtons & Big Picture ***

LSE:FRES Fresnillo Close Mid-Price: 769 Percentage Change: -3.00% Day High: 800.2 Day Low: 766.2

Weakness on Fresnillo below 766.2 will invariably lead to 758 with second ……..

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View Previous Fresnillo & Big Picture ***

LSE:GENL Genel Close Mid-Price: 138 Percentage Change: -1.99% Day High: 139.6 Day Low: 135.2

Continued weakness against GENL taking the price below 135.2 calculates a ……..

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View Previous Genel & Big Picture ***

LSE:HIK Hikma Close Mid-Price: 2626 Percentage Change: -0.34% Day High: 2667 Day Low: 2622

Continued trades against HIK with a mid-price ABOVE 2667 should improve t ……..

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View Previous Hikma & Big Picture ***

LSE:HL. Hargreaves Lansdown Close Mid-Price: 1580 Percentage Change: -0.75% Day High: 1600.5 Day Low: 1559.5

Target met. Weakness on Hargreaves Lansdown below 1559.5 will invariably ……..

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View Previous Hargreaves Lansdown & Big Picture ***

LSE:HSBA HSBC. Close Mid-Price: 395.8 Percentage Change: + 1.02% Day High: 398.45 Day Low: 389.35

If HSBC experiences continued weakness below 389.35, it will invariably l ……..

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View Previous HSBC & Big Picture ***

LSE:IGG IG Group Close Mid-Price: 820 Percentage Change: -0.67% Day High: 828 Day Low: 810.5

Continued weakness against IGG taking the price below 810.5 calculates as ……..

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View Previous IG Group & Big Picture ***

LSE:IPF International Personal Finance. Close Mid-Price: 124.6 Percentage Change: + 1.14% Day High: 126.8 Day Low: 121.4

This is a bit of a nightmare as weakness now below 121 suggests travel dow ……..

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View Previous International Personal Finance & Big Picture ***

LSE:LLOY Lloyds Grp.. Close Mid-Price: 44.09 Percentage Change: + 1.34% Day High: 44.15 Day Low: 42.79

Target met. If Lloyds Grp. experiences continued weakness below 42.79, it ……..

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View Previous Lloyds Grp. & Big Picture ***

LSE:MKS Marks and Spencer Close Mid-Price: 131.55 Percentage Change: -0.57% Day High: 135.05 Day Low: 129.75

If Marks and Spencer experiences continued weakness below 129.75, it will ……..

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View Previous Marks and Spencer & Big Picture ***

LSE:OPG OPG Power Ventures Close Mid-Price: 12.25 Percentage Change: -2.20% Day High: 12.53 Day Low: 12.25

Continued weakness against OPG taking the price below 12.25 calculates as ……..

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View Previous OPG Power Ventures & Big Picture ***

LSE:POG Petrop etc Close Mid-Price: 21.24 Percentage Change: -1.67% Day High: 21.86 Day Low: 21.16

If Petrop etc experiences continued weakness below 21.16, it will invaria ……..

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View Previous Petrop etc & Big Picture ***

LSE:POLY Polymetal Close Mid-Price: 1568 Percentage Change: -1.29% Day High: 1600.5 Day Low: 1572

This is ropey as weakness below 1546 now suggests reversal to an initial 1 ……..

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View Previous Polymetal & Big Picture ***

LSE:SDY Speedyhire Close Mid-Price: 66.7 Percentage Change: -2.63% Day High: 69.3 Day Low: 67.2

Weakness on Speedyhire below 67.2 will invariably lead to 55 is ever pres ……..

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View Previous Speedyhire & Big Picture ***

LSE:STAN Standard Chartered. Close Mid-Price: 421.3 Percentage Change: + 0.52% Day High: 426.3 Day Low: 414.3

Target met. Weakness on Standard Chartered below 414.3 will invariably le ……..

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View Previous Standard Chartered & Big Picture ***

LSE:VOG VICTORIA Close Mid-Price: 3.75 Percentage Change: -7.41% Day High: 4.05 Day Low: 3.75

In the event VICTORIA experiences weakness below 3.75 it calculates with ……..

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View Previous VICTORIA & Big Picture ***

*** End of “Updated Today” comments on shares.

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