Our famed FTSE for Friday

#FTSE_Futures FTSE:UKX January has certainly proved interesting, the UK market experiencing an unheard of 350 point range. Unheard of, unless you take the time to examine 2021 when this was matched 6 times! Numerically, it wasn’t such a big deal but despite media behaving like a circle of feral school kids yelling “fight, fight” over the Russia thing, the FTSE felt quite vibrant.

We believe this a positive attitude relates to the UK index finally exceeding Blue on the chart, along with finally bettering the high pre-Covid, as both signals tended boost other markets worldwide, when they exceeded these levels in 2020 and 2021. It’s already the case the Russia reversal of just a week ago has corrected, the market feeling like “oops, we over-reacted”, giving an interesting suggestion we should anticipate 8121 points as the level at which we should next anticipate real FTSE volatility.

 

From a near term perspective, it appears above 7598 points should next make an attempt at 7638 next with secondary, if bettered, at 7700 points. If triggered, the tightest stop is apparently quite wide at 7540 points.

Our alternate reversal scenario requires the UK to stumble below 7492 points. Such a triggering event risks reversals to 7452 with secondary, if broken, at 7402 points. At present, the FTSE needs break below Blue (7370 points) to justify hysterics as some quite nasty reversals could be anticipated thereafter. Visually, it appears unlikely.

 

Have a good weekend. 52 days until the next Grand Prix…


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:56:33PM BRENT 88.91 87.94 87.01 88.99 89.98 90.27 87.82
10:00:27PM GOLD 1795.12 1791 1787 1807 1817 1824 1797 Success
10:03:43PM FTSE 7572.59 7480 7463 7520 7597 7621 7507 Success
10:06:36PM FRANCE 6996 6946 6903 6997 7062 7075 6976
10:08:46PM GERMANY 15529.86 15329 15241 15458 15583 15628 15425
10:11:29PM US500 4363.55 4307 4278 4358 4430 4453 4362 Success
10:14:32PM DOW 34412.2 33892 33611 34223 34784 34841 34376 Success
10:17:12PM NASDAQ 14139.19 13960 13921 14095 14370 14461 14224 Success
10:18:19PM JAPAN Nothing looks sane 26670 26989 26523
27/01/2022 FTSE Closed at 7554 points. Change of 1.14%. Total value traded through LSE was: £ 8,151,826,198 a change of 20.71%
26/01/2022 FTSE Closed at 7469 points. Change of 1.33%. Total value traded through LSE was: £ 6,753,491,510 a change of 0.93%
25/01/2022 FTSE Closed at 7371 points. Change of 1.01%. Total value traded through LSE was: £ 6,691,379,675 a change of -33.53%
24/01/2022 FTSE Closed at 7297 points. Change of -2.63%. Total value traded through LSE was: £ 10,066,916,711 a change of 27.66%
21/01/2022 FTSE Closed at 7494 points. Change of -1.2%. Total value traded through LSE was: £ 7,885,774,103 a change of 20.92%
20/01/2022 FTSE Closed at 7585 points. Change of -0.05%. Total value traded through LSE was: £ 6,521,628,941 a change of -25.14%
19/01/2022 FTSE Closed at 7589 points. Change of 0.34%. Total value traded through LSE was: £ 8,711,225,225 a change of 13.49%

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:BDEV Barrett Devs** **LSE:DARK Darktrace Plc** **LSE:EMG MAN** **LSE:FRES Fresnillo** **LSE:GKP Gulf Keystone** **LSE:HSBA HSBC** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:ODX Omega Diags** **LSE:OXIG Oxford Instruments** **LSE:POLY Polymetal** **LSE:RMG Royal Mail** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Barrett Devs, Darktrace Plc, MAN, Fresnillo, Gulf Keystone, HSBC, IG Group, ITM Power, National Glib, Omega Diags, Oxford Instruments, Polymetal, Royal Mail, Standard Chartered, Tesco, Vodafone, VICTORIA, Zoo Digital,


LSE:BDEV Barrett Devs Close Mid-Price: 602.4 Percentage Change: -1.15% Day High: 604.2 Day Low: 592.8

If Barrett Devs experiences continued weakness below 592.8, it will invar ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 388 Percentage Change: + 8.20% Day High: 385.4 Day Low: 347.6

Weakness on Darktrace Plc below 347.6 will invariably lead to 286 next wi ……..

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LSE:EMG MAN Close Mid-Price: 188.2 Percentage Change: -8.46% Day High: 198.9 Day Low: 187.7

Target met. Continued weakness against EMG taking the price below 187.7 c ……..

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LSE:FRES Fresnillo Close Mid-Price: 636.4 Percentage Change: -7.47% Day High: 667.6 Day Low: 630.4

Target met. In the event Fresnillo experiences weakness below 630.4 it ca ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 223 Percentage Change: -0.89% Day High: 226 Day Low: 221

Continued trades against GKP with a mid-price ABOVE 226 should improve th ……..

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LSE:HSBA HSBC. Close Mid-Price: 538.3 Percentage Change: + 2.98% Day High: 547 Day Low: 520.4

Target met. Further movement against HSBC ABOVE 547 should improve accele ……..

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LSE:IGG IG Group. Close Mid-Price: 845.5 Percentage Change: + 2.86% Day High: 883 Day Low: 832

Target met. All IG Group needs are mid-price trades ABOVE 883 to improve ……..

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LSE:ITM ITM Power Close Mid-Price: 241.8 Percentage Change: -9.78% Day High: 267.6 Day Low: 235.6

Target met. In the event ITM Power experiences weakness below 235.6 it ca ……..

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LSE:NG. National Glib. Close Mid-Price: 1097.2 Percentage Change: + 2.14% Day High: 1102.6 Day Low: 1062.2

Target met. Further movement against National Glib ABOVE 1102.6 should im ……..

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LSE:ODX Omega Diags. Close Mid-Price: 11.75 Percentage Change: + 0.00% Day High: 12.12 Day Low: 11.25

Weakness on Omega Diags below 11.25 will invariably lead to 10p with seco ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2100 Percentage Change: -1.41% Day High: 2125 Day Low: 2060

In the event Oxford Instruments experiences weakness below 2060 it calcul ……..

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LSE:POLY Polymetal Close Mid-Price: 1094.5 Percentage Change: -5.32% Day High: 1144 Day Low: 1093

Weakness on Polymetal below 1093 will invariably lead to 1027 with second ……..

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LSE:RMG Royal Mail. Close Mid-Price: 435.2 Percentage Change: + 1.02% Day High: 436.4 Day Low: 421

Target met. Continued weakness against RMG taking the price below 421 cal ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 546.2 Percentage Change: + 4.24% Day High: 557.4 Day Low: 521.2

Target met. Continued trades against STAN with a mid-price ABOVE 557.4 sh ……..

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LSE:TSCO Tesco. Close Mid-Price: 300 Percentage Change: + 1.42% Day High: 302.2 Day Low: 294.3

Further movement against Tesco ABOVE 302.2 should improve acceleration to ……..

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LSE:VOD Vodafone. Close Mid-Price: 126.08 Percentage Change: + 1.50% Day High: 128.46 Day Low: 122.76

In the event of Vodafone enjoying further trades beyond 128.46, the share ……..

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LSE:VOG VICTORIA Close Mid-Price: 4.2 Percentage Change: -3.45% Day High: 4.35 Day Low: 4.12

Continued weakness against VOG taking the price below 4.12 calculates as ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 144.5 Percentage Change: + 1.05% Day High: 144.5 Day Low: 139

Continued trades against ZOO with a mid-price ABOVE 144.5 should improve ……..

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

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