#FTSE #Gold #Dax With minimal fanfare, the FTSE actually has done something interesting for the first time in a year. We’ve been moaning about the repeated trend breaks but unusually, the index broke the NINTH uptrend of the year a week ago, created a new TENTH uptrend. And then, returned above the previous trend. This behaviour generally presages some real market growth.
Goodness knows, the FTSE deserves a break as it has been essentially flatlining since April, using the 7,000 point level as a strange pivot. Hopefully we’re finally witnessing the first early warning for some proper recovery, ideally catching up with European performance. We suspect chasing USA growth levels shall prove an ambition too far. Despite the index currently only 78 points above its 7,000 point pivot, we’re inclined to invest some hope the market has let slip ‘a cunning plan’ for the rest of the year. If we were to rely on conventional trend lines, presently the FTSE needs above 7,380 points to batter its way through the downtrend since 2018. Or alternately, to better 7,550 points to exceed the market high, pre-Covid19.
We probably cannot say this often enough but it’s often NOT the trend which is important but instead, how the market reacts to a trend! In this immediate instance, generally some optimism is called for despite appearing to weave a lot of cloth from a single thread.
Our opening paragraphs suggest optimism, quite neatly ignoring the salient detail Thursday managed to close the day 5 points below the previous day. Visually, it’s not the most disturbing signal as the FTSE now need only exceed 7,131 points to give hope for a near term charge toward 7,181 points. If bettered, our secondary calculates at a useful 7,271 points. The secondary is especially interesting, visually creating a recent “Higher High” and placing the UK index in a scenario, where longer term oomph to 7,547 calculates as possible, rather neatly matching the market level prior to the Pandemic hit.
For everything to go pear shaped (our garden pears are bitter this year!), the FTSE needs below 7,056 to give potential early warning as this allegedly should trigger reversal down to 7,011 points. If broken, our secondary calculates at 6,932 points.
Have a good weekend, hopefully drier than it is here in Argyll.
Our thanks to the folk who “buy us a coffee” every time they find one of the ads on this page worth a visit!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:35:58PM | BRENT | 76.63 | 74.95 | 74.74 | 75.88 | 76.7 | 77.22 | 76.16 | Success | ||
| 9:40:02PM | GOLD | 1739.91 | 1737 | 1725.5 | 1755 | 1758 | 1764 | 1742 | Success | ||
| 9:42:00PM | FTSE | 7090 | 7060 | 7035.5 | 7097 | 7133 | 7143.5 | 7080 | ‘cess | ||
| 9:56:56PM | FRANCE | 6703 | 6659 | 6650.5 | 6681 | 6718 | 6723 | 6672 | Success | ||
| 10:03:03PM | GERMANY | 15665 | 15549 | 15539 | 15635 | 15695 | 15717 | 15633 | ‘cess | ||
| 10:05:18PM | US500 | 4450.32 | 4403 | 4384 | 4424 | 4465 | 4481.5 | 4442 | Success | ||
| 10:07:28PM | DOW | 34789 | 34348 | 34179.5 | 34564 | 34883 | 34942.25 | 34640 | Success | ||
| 10:09:08PM | NASDAQ | 15311 | 15184 | 15112 | 15237 | 15355 | 15440 | 15193 | ‘cess | ||
| 10:10:28PM | JAPAN | 30271 | 30022 | 29955 | 30135 | 30295 | 30364 | 30180 | Success |
23/09/2021 FTSE Closed at 7078 points. Change of -0.07%. Total value traded through LSE was: £ 5,362,462,206 a change of 4.68%
22/09/2021 FTSE Closed at 7083 points. Change of 1.48%. Total value traded through LSE was: £ 5,122,671,663 a change of -18.56%
21/09/2021 FTSE Closed at 6980 points. Change of 1.12%. Total value traded through LSE was: £ 6,290,005,050 a change of -2.8%
20/09/2021 FTSE Closed at 6903 points. Change of -0.86%. Total value traded through LSE was: £ 6,471,386,958 a change of -56.78%
17/09/2021 FTSE Closed at 6963 points. Change of -0.91%. Total value traded through LSE was: £ 14,974,489,872 a change of 149%
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%
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:BARC Barclays** **LSE:CCL Carnival** **LSE:EXPN Experian** **LSE:ITRK Intertek** **LSE:NWG Natwest** **LSE:POLY Polymetal** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:TSCO Tesco** **
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Updated charts published on : Asos, Barclays, Carnival, Experian, Intertek, Natwest, Polymetal, Rockhopper, Rolls Royce, Tesco,
LSE:ASC Asos. Close Mid-Price: 3345 Percentage Change: + 2.01% Day High: 3353 Day Low: 3276
Further movement against Asos ABOVE 3353 should improve acceleration towa ……..
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View Previous Asos & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 183.96 Percentage Change: + 1.51% Day High: 184.74 Day Low: 181.84
All Barclays needs are mid-price trades ABOVE 184.74 to improve accelerat ……..
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View Previous Barclays & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 1644.6 Percentage Change: + 3.10% Day High: 1652 Day Low: 1591.6
Continued trades against CCL with a mid-price ABOVE 1652 should improve t ……..
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View Previous Carnival & Big Picture ***
LSE:EXPN Experian Close Mid-Price: 3338 Percentage Change: -1.48% Day High: 3418 Day Low: 3331
All Experian needs are mid-price trades ABOVE 3418 to improve acceleratio ……..
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View Previous Experian & Big Picture ***
LSE:ITRK Intertek Close Mid-Price: 5304 Percentage Change: -2.25% Day High: 5474 Day Low: 5308
This has become “slightly” interesting, making me wonder if it shall prove ……..
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View Previous Intertek & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 217.3 Percentage Change: + 1.73% Day High: 217.7 Day Low: 213.4
Target met. In the event of Natwest enjoying further trades beyond 217.7, ……..
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View Previous Natwest & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 1302 Percentage Change: -3.27% Day High: 1346 Day Low: 1303.5
Target met. In the event Polymetal experiences weakness below 1303.5 it c ……..
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View Previous Polymetal & Big Picture ***
LSE:RKH Rockhopper Close Mid-Price: 6.2 Percentage Change: -26.97% Day High: 6.1 Day Low: 4.5
Target met. Continued weakness against RKH taking the price below 4.5 cal ……..
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View Previous Rockhopper & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 126.94 Percentage Change: + 3.90% Day High: 127.3 Day Low: 122.68
Target met. Further movement against Rolls Royce ABOVE 128 should improve ……..
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View Previous Rolls Royce & Big Picture ***
LSE:TSCO Tesco Close Mid-Price: 259.55 Percentage Change: -0.80% Day High: 264.1 Day Low: 259.5
Target met. All Tesco needs are mid-price trades ABOVE 264.1 to improve a ……..
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View Previous Tesco & Big Picture ***