Our popular FTSE for Friday

#FreeFutures

“Wake up Calls” come in all forms. While we await the FTSE experiencing its own one, a personal incident occurred at 07.15am on Thursday. My phone started its self-congratulatory alarm tone, demanding it be shut off. Unusually, there wasn’t the standard “Dismiss” notification, so through tired eyes, I entered the usual Samsung “Close All Applications” screen to buy myself some piece and quiet.

It kept going.

I told the phone to restart itself. The noise continued.

I tore the phone out of its protective case, removed the back, removed the battery. The noise continued.

My wife, plaintively, said, “Maybe it’s holding a residual charge”.

I stuffed the Galaxy Note under the pillow, the case and the battery on the bedside table. This didn’t even diminish the beeping.

Then I noticed my wife’s phone was also on my bedside table. Unusually, she’d set an alarm as we’d a big delivery due, the time unspecified. At bedtime, we’d also swapped sides on the bed, a last ditch effort to try and find the cause of her sore back. It can be assumed, my humour had slightly improved by the time the FTSE opened at 08.00am, the hi-jinx 20 point swing in the opening minute tending confirm the day was going to be confusing.  Needless to say, it was, and rather spitefully, our delivery arrived just as London closed at 16.30. And my wife couldn’t help, due to her back…

 

We’ve reason, yet again, to be slightly nervous with the FTSE from a Big Picture perspective. The index is now on its 9th uptrend, since October last year. Most of the ducks appear to be lined up, just awaiting a final trigger for reversal to commence to a potential 6830 points. It’s not a pretty picture and below 6998 points looks like providing the final trigger. In terms of reversals, this certainly isn’t a crash of biblical proportions, but below 6830 would certainly justify real concern. To escape this mess, the FTSE need only close a session above 7069 points.

Hey, chart goes here

Trends and Targets. Our incredible past performance is not a reliable indicator of future results.

 

 

 

As for Friday, the market is mildly interesting as weakness below 7016 points looks capable of triggering reversals to an initial 6985 points. If broken, our secondary calculates at 6949 points. Given the market closed Thursday at 7027 points, very little movement is required to light the touch-paper but we’d advocate extreme caution, if such a trigger is hit by a spike down (again) in the opening minute of trade. The tightest stop appears to be 7059 points.

 

Our alternate scenario comes, should the FTSE stumble above 7059 as this apparently makes 7096 a viable ambition. If exceeded, our secondary is at 7116 points, along with a strong hint of some further recovery in the coming week. The tightest stop, in this game plan, is quite attractive at 7025 points. Our usual caveat, regarding any opening second spike remains..

Hey, chart goes here

Trends and Targets. Our incredible past performance is not a reliable indicator of future results.

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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
10:24:04PM BRENT 75.21 74.1 73.46 75.1 75.49 75.885 74.47 Success
10:27:44PM GOLD 1753.79 1745 1729 1764 1764 1769 1750 Success
10:34:51PM FTSE 7065.09 7022 6999 7060 7074 7101 7024 ‘cess
10:37:44PM FRANCE 6657.2 6609 6593 6647 6672 6679 6637 ‘cess
10:39:46PM GERMANY 15701.63 15634 15593.5 15700 15744 15751 15675 Success
10:43:12PM US500 4470.17 4464 4442 4486 4487 4496 4465 ‘cess
10:45:37PM DOW 34730 34490 34318 34720 34944 35074.5 34729 ‘cess
10:47:45PM NASDAQ 15505 15364 15355 15437 15537 15577 15457 ‘cess
10:49:18PM JAPAN 30463 30192 30023 30427 30530 30598.5 30330 ‘cess

 

16/09/2021 FTSE Closed at 7027 points. Change of 0.16%. Total value traded through LSE was: £ 6,013,769,162 a change of 0.85%
15/09/2021 FTSE Closed at 7016 points. Change of -0.26%. Total value traded through LSE was: £ 5,962,830,996 a change of 19.14%
14/09/2021 FTSE Closed at 7034 points. Change of -0.73%. Total value traded through LSE was: £ 5,004,739,047 a change of 6.33%
13/09/2021 FTSE Closed at 7086 points. Change of 0.81%. Total value traded through LSE was: £ 4,706,844,854 a change of 19.18%
10/09/2021 FTSE Closed at 7029 points. Change of 0.07%. Total value traded through LSE was: £ 3,949,508,746 a change of -29.02%
9/09/2021 FTSE Closed at 7024 points. Change of -1%. Total value traded through LSE was: £ 5,564,442,934 a change of 5.99%
8/09/2021 FTSE Closed at 7095 points. Change of -0.76%. Total value traded through LSE was: £ 5,249,791,565 a change of 12.94%

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:ASC Asos** **LSE:DDDD 4D Pharma** **LSE:EXPN Experian** **LSE:GKP Gulf Keystone** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:NWG Natwest** **LSE:ODX Omega Diags** **LSE:POLY Polymetal** **

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Updated charts published on : Asos, 4D Pharma, Experian, Gulf Keystone, HSBC, British Airways, Igas Energy, Natwest, Omega Diags, Polymetal,

LSE:ASC Asos Close Mid-Price: 3050 Percentage Change: -0.52% Day High: 3104 Day Low: 2991

In the event Asos experiences weakness below 2991 it calculates with a dr ……..

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View Previous Asos & Big Picture ***

LSE:DDDD 4D Pharma. Close Mid-Price: 75.9 Percentage Change: + 4.55% Day High: 77 Day Low: 69

In the event 4D Pharma experiences weakness below 69 it calculates with a ……..

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View Previous 4D Pharma & Big Picture ***

LSE:EXPN Experian. Close Mid-Price: 3347 Percentage Change: + 1.45% Day High: 3367 Day Low: 3299

Further movement against Experian ABOVE 3367 should improve acceleration ……..

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View Previous Experian & Big Picture ***

LSE:GKP Gulf Keystone. Close Mid-Price: 194.4 Percentage Change: + 0.21% Day High: 200.5 Day Low: 194

Continued trades against GKP with a mid-price ABOVE 200.5 should improve ……..

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View Previous Gulf Keystone & Big Picture ***

LSE:HSBA HSBC Close Mid-Price: 368.9 Percentage Change: -0.95% Day High: 373.9 Day Low: 368.55

Target met. Weakness on HSBC below 368.55 will invariably lead to 366 wit ……..

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View Previous HSBC & Big Picture ***

LSE:IAG British Airways. Close Mid-Price: 142.46 Percentage Change: + 3.89% Day High: 143.14 Day Low: 136.52

In the event British Airways experiences weakness below 136 it calculates ……..

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View Previous British Airways & Big Picture ***

LSE:IGAS Igas Energy. Close Mid-Price: 19.5 Percentage Change: + 25.81% Day High: 28 Day Low: 15.95

Target met. All Igas Energy needs are mid-price trades ABOVE 28 to improv ……..

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View Previous Igas Energy & Big Picture ***

LSE:NWG Natwest. Close Mid-Price: 212 Percentage Change: + 0.81% Day High: 214.1 Day Low: 211

Further movement against Natwest ABOVE 214.1 should improve acceleration ……..

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View Previous Natwest & Big Picture ***

LSE:ODX Omega Diags Close Mid-Price: 50 Percentage Change: -1.96% Day High: 50.5 Day Low: 49

Weakness on Omega Diags below 49 will invariably lead to 45. If broken, o ……..

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View Previous Omega Diags & Big Picture ***

LSE:POLY Polymetal Close Mid-Price: 1326 Percentage Change: -1.38% Day High: 1348 Day Low: 1320

Target met. Continued weakness against POLY taking the price below 1320 c ……..

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View Previous Polymetal & Big Picture ***

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

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