#Gold #WallSt August always presents various reasons to dislike the markets. The obvious one, it’s holiday time when volumes dip and the markets lose ‘buzz’. Also, if not on holiday, who actually prefers being stuck in doors watching monitors, when it’s a nice day outside. Another, less clear, is from Scotland. It can be difficult typing with severely swollen fingers, thanks to a cocktail of midge bites and horsefly bites. Perhaps staying in doors would be wiser!
A visit to A&E at midnight on a Friday is never fun and with a throat swollen to horror movie dimensions, the start of an extremely unpleasant weekend was ahead. Due to 8 weeks of frankly astounding weather here on Scotland’s West Coast, everything which can eat you is enjoying a fabulous breeding season. Particular stars this year are Horsefly (aka Cleggs), A&E seeing a distressing number of folk suffering bites which, in previous years, were completely un-noticed. It’s something to do with the weather, apparently.
As someone now taking 2,000mg of antibiotics a day, along with industrial strength antihistamine pills, morning and night, the idea of wandering outside ‘taking advantage’ of the sunshine has become abhorrent. Long sleeved shirts are the order of the day, gloves worn, a fine midge hood worn, and if no-one is looking, trousers also tucked into socks. Sitting at the monitors, watching the markets, is no longer such a bad idea while counting the hours until the Scottish weather does what it does best, suddenly cooling down and the wind picking up.
As we sit indoors, watching everyone enjoy sitting outdoors, it makes sense to wonder how drinks giant, Diageo, are looking as it has been an age since we reviewed their share price. While the company will certainly have suffered from loss of trade during lockdown, apparently retail sales of alcohol flourished during the worst of the pandemic, doubtless creating a swings and roundabouts scenario for purveyors of necessary home medicine for those missing visiting their local. Such has been the pattern of share price movements since the share soared above its pre-pandemic levels in April, we’re emboldened to present a future movement scenario.
Above 3,629p suggests the potential of coming growth toward an initial 3,743p with secondary, if bettered, at a longer term 3,961p. If the share price follows the pattern of similar shares in North America, we’d expect some volatility at this secondary level, potentially forcing reversal in the future toward 3,609p and ideally, another bounce.
Near term, for things to go horribly wrong, the price needs relax below 3,400p as this threatens reversal to an initial 3,229p. Below such a point, we’d prefer give the dry Martini another stir as the implications for reversal become as unpleasant as the weather here in Argyll. Quite honestly, we never thought we’d reminisce fondly of the year we were stuck in a mountain road snow drift, during August!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:27:20PM | BRENT | 73.02 | Success | ||||||||
| 9:29:35PM | GOLD | 1813 | 1811 | 1805 | 1796 | 1819 | 1819 | 1823 | 1829 | 1811 | ‘cess |
| 9:31:24PM | FTSE | 7064.06 | Success | ||||||||
| 9:35:58PM | FRANCE | 6658 | Success | ||||||||
| 9:38:31PM | GERMANY | 15532 | ‘cess | ||||||||
| 9:48:37PM | US500 | 4391.42 | ‘cess | ||||||||
| 9:56:34PM | DOW | 34878 | 34806 | 34761.5 | 34618 | 34968 | 34992 | 35054 | 35137 | 34902 | Shambles |
| 9:58:30PM | NASDAQ | 14972 | ‘cess | ||||||||
| 10:00:51PM | JAPAN | 27567 | Success |
2/08/2021 FTSE Closed at 7081 points. Change of 0.7%. Total value traded through LSE was: £ 4,347,850,496 a change of -16.5%
30/07/2021 FTSE Closed at 7032 points. Change of -0.65%. Total value traded through LSE was: £ 5,206,905,420 a change of -14.32%
29/07/2021 FTSE Closed at 7078 points. Change of 0.88%. Total value traded through LSE was: £ 6,077,251,516 a change of 24.02%
28/07/2021 FTSE Closed at 7016 points. Change of 0.29%. Total value traded through LSE was: £ 4,900,403,964 a change of 0.43%
27/07/2021 FTSE Closed at 6996 points. Change of -0.41%. Total value traded through LSE was: £ 4,879,437,530 a change of 9.03%
26/07/2021 FTSE Closed at 7025 points. Change of -0.03%. Total value traded through LSE was: £ 4,475,417,848 a change of 19.69%
23/07/2021 FTSE Closed at 7027 points. Change of 0.85%. Total value traded through LSE was: £ 3,739,108,834 a change of -21.27%
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:BLOE Block Energy PLC** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:HIK Hikma** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:MRW Morrisons** **LSE:ODX Omega Diags** **LSE:OPG OPG Power Ventures** **LSE:PHP Primary Health** **LSE:POG Petrop etc** **LSE:SPX Spirax** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Block Energy PLC, Diageo, Experian, Hikma, IG Group, International Personal Finance, Morrisons, Omega Diags, OPG Power Ventures, Primary Health, Petrop etc, Spirax, Zoo Digital,
LSE:BLOE Block Energy PLC. Close Mid-Price: 2.65 Percentage Change: + 10.42% Day High: 2.65 Day Low: 2.4
This has gotten almost interesting as above 2.65 suggests ongoing traffic ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 3600.5 Percentage Change: + 0.84% Day High: 3628 Day Low: 3565
Further movement against Diageo ABOVE 3628 should improve acceleration to ……..
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View Previous Diageo & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 3213 Percentage Change: + 1.42% Day High: 3232 Day Low: 3167
Target met. In the event of Experian enjoying further trades beyond 3232, ……..
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View Previous Experian & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 2675 Percentage Change: + 1.10% Day High: 2680 Day Low: 2632
Target met. Further movement against Hikma ABOVE 2680 should improve acce ……..
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View Previous Hikma & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 908 Percentage Change: + 1.79% Day High: 913 Day Low: 896
In the event of IG Group enjoying further trades beyond 913, the share sh ……..
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View Previous IG Group & Big Picture ***
LSE:IPF International Personal Finance Close Mid-Price: 145 Percentage Change: -2.82% Day High: 151.4 Day Low: 143.8
Target met. All International Personal Finance needs are mid-price trades ……..
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View Previous International Personal Finance & Big Picture ***
LSE:MRW Morrisons. Close Mid-Price: 273 Percentage Change: + 2.02% Day High: 272.5 Day Low: 267.6
Further movement against Morrisons ABOVE 272.5 should improve acceleratio ……..
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View Previous Morrisons & Big Picture ***
LSE:ODX Omega Diags. Close Mid-Price: 52 Percentage Change: + 1.96% Day High: 52 Day Low: 50.5
This perhaps is showing early sign of potential. Above 55 should prove cap ……..
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View Previous Omega Diags & Big Picture ***
LSE:OPG OPG Power Ventures. Close Mid-Price: 13.75 Percentage Change: + 12.24% Day High: 14 Day Low: 12.03
Continued weakness against OPG taking the price below 12 calculates as lea ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:PHP Primary Health. Close Mid-Price: 165.5 Percentage Change: + 1.04% Day High: 165.5 Day Low: 163.9
Target met. In the event of Primary Health enjoying further trades beyond ……..
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View Previous Primary Health & Big Picture ***
LSE:POG Petrop etc Close Mid-Price: 21.36 Percentage Change: -0.28% Day High: 21.7 Day Low: 20.56
In the event Petrop etc experiences weakness below 20.56 it calculates wi ……..
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View Previous Petrop etc & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 15195 Percentage Change: + 1.23% Day High: 15225 Day Low: 14980
Further movement against Spirax ABOVE 15225 should improve acceleration t ……..
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View Previous Spirax & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 148.5 Percentage Change: + 8.39% Day High: 148.5 Day Low: 137
Target met. In the event of Zoo Digital enjoying further trades beyond 14 ……..
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View Previous Zoo Digital & Big Picture ***