FTSE for FRIDAY (FTSE:UKX) We heard the weight of international laughter, when last weeks FTSE for FRIDAY report fell apart as the index opted to wander all over the place. As suspected, the market indeed bounced from the 7000 level once again, wandered about like a drunk football fan who’s lost his pals, then closed the session once again at the 7000 level. Nothing about the days trading inspired any confidence, the lacklustre performance paving the way for a truly foul “Freedom Day” as England allegedly returned to normality.
There are a few details worthy of mention.
The notorious uptrend since October last year remains valid. The market has broken this uptrend, requiring close a session above 7030 points to nonsense the trend break. At time of writing, the FTSE needs better 7062 points to regain the Red uptrend and give confidence for surprise growth. Until such an event, the Big Picture suggests the FTSE is now loitering in a region where reversal to 6675 looks possible and if broken, ‘bottom’ calculates around 6500 points.
As for the near term and the FTSE for Friday, we dare not disregard the market open on Thursday as it proved fascinating. The FTSE experienced a downward spike at the open, often a reliable signal of good things ahead. Both France and Germany were better behaved, opting to head upward directly from the market open and we watched, with fading hope, for any sign the UK intended match Europe. Obviously, it failed to happen with the result the FTSE experienced a pretty boring day, one which failed to exhibit any reasonable degree of upward strength. Worse, thanks to the market breaking its immediate uptrend, there’s a very real risk reversals shall prove traumatic.
Near term, below 6955 threatens travel down to an initial 6915 points. If broken, our secondary works out at 6890 points. And if triggered, the tightest stop is painfully wide at 7003 points.
Our alternate scenario can be pretty straightforward as above 7003 calculates with the potential of 7022 points. If bettered, our secondary is at 7047 points.
Have a good weekend and remember, we appreciate the folk who take a look at adverts on this page.
FUTURES
Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
10:26:45PM | GERMANY | 15562 | 15448 | 15406 | 15562 | 15586 | 15660.5 | 15466 | ‘cess | ||
10:29:01PM | BRENT | 73.17 | 71.25 | 70.79 | 72.6 | 73.46 | 74.4 | 71.3 | ‘cess | ||
10:31:44PM | GOLD | 1806.88 | 1792 | 1787 | 1803 | 1809 | 1813 | 1799 | ‘cess | ||
10:34:02PM | FTSE | 6988 | 6953 | 6933 | 7004 | 7017 | 7037 | 6963 | Shambles | ||
10:43:29PM | FRANCE | 6493 | 6472 | 6460 | 6505 | 6525 | 6540 | 6485 | ‘cess | ||
10:46:44PM | US500 | 4378.97 | 4348 | 4334 | 4369 | 4381 | 4392 | 4348 | |||
10:49:30PM | DOW | 34882 | 34668 | 34607 | 34797 | 34886 | 34944 | 34780 | |||
10:52:08PM | NASDAQ | 14989 | 14838 | 14786 | 14933 | 14990 | 15042 | 14840 | Success | ||
10:54:27PM | JAPAN | 28038 | 27874 | 27825 | 28018 | 28074 | 28158.75 | 27914 | ‘cess |
22/07/2021 FTSE Closed at 6968 points. Change of -0.43%. Total value traded through LSE was: £ 4,748,992,590 a change of -28.77%
21/07/2021 FTSE Closed at 6998 points. Change of 1.7%. Total value traded through LSE was: £ 6,667,496,815 a change of 20.91%
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%
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:IPF International Personal Finance** **LSE:POG Petrop etc** **LSE:POLY Polymetal** **LSE:QFI Quadrise** **LSE:RKH Rockhopper** **LSE:SCLP Scancell** **LSE:ZOL Zoldav** **LSE:ZOO Zoo Digital** **
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Updated charts published on : International Personal Finance, Petrop etc, Polymetal, Quadrise, Rockhopper, Scancell, Zoldav, Zoo Digital,
LSE:IPF International Personal Finance. Close Mid-Price: 126.2 Percentage Change: + 2.77% Day High: 129.2 Day Low: 120
If International Personal Finance experiences continued weakness below 12 ……..
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View Previous International Personal Finance & Big Picture ***
LSE:POG Petrop etc. Close Mid-Price: 22.04 Percentage Change: + 2.89% Day High: 22.5 Day Low: 20.92
Target met. Continued weakness against POG taking the price below 20.92 c ……..
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View Previous Petrop etc & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 1534.5 Percentage Change: -0.26% Day High: 1543 Day Low: 1521.5
In the event Polymetal experiences weakness below 1521.5 it calculates wi ……..
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View Previous Polymetal & Big Picture ***
LSE:QFI Quadrise. Close Mid-Price: 3.2 Percentage Change: + 1.91% Day High: 3.15 Day Low: 2.99
Continued weakness against QFI taking the price below 2.99 calculates as ……..
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View Previous Quadrise & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 9.21 Percentage Change: + 3.25% Day High: 8.99 Day Low: 8.67
Ongoing travel above 9.25 suggests coming recovery to 10 with secondary 11 ……..
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View Previous Rockhopper & Big Picture ***
LSE:SCLP Scancell. Close Mid-Price: 20.5 Percentage Change: + 1.23% Day High: 20.5 Day Low: 19.85
Ongoing weakness below 19.85 suggests 17.1p as a potential bottom. Visuall ……..
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View Previous Scancell & Big Picture ***
LSE:ZOL Zoldav. Close Mid-Price: 49 Percentage Change: + 4.26% Day High: 49 Day Low: 47
Target met. Further movement against Zoldav ABOVE 49 should improve accel ……..
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View Previous Zoldav & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 131.5 Percentage Change: + 0.00% Day High: 131.5 Day Low: 131.5
This is starting to show interesting potentials as above 132 currently ind ……..
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View Previous Zoo Digital & Big Picture ***
*** End of “Updated Today” comments on shares.
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