#FTSE #FreeFutures As the nation waits, terrified, for the incoming storm, we’re forced to wonder how the stock markets shall be affected with a looming Armageddon event, rated RED by the Met Office. Trains not running, schools closed, even the threat of a couple of centimetres of snow. Swindon is even closing the libraries! Somehow, the media seem to forget; “it’s winter, we get storms” and instead, allocate levels of hysteria not seen since last week. The printed media appear blissfully unaware hysteria no longer sells newspapers, instead opting to embrace the cry of “wolf” in the hope they get something right for a change.
Thankfully, the FTSE remains trading in a relatively safe position and unless the incoming storm does something extraordinary, we suspect the London market shall continue it’s current slow dance of going up a bit, then down a bit, but essentially remaining marching on the spot. When we review movements since the start of this year, it looks like a pivot level has been established at around 7474 points, the visuals suggesting movement now below such a point should trigger reversal to an initial 7380 with secondary, if broken, at 7277 points along with a probable rebound.
We would warn there’s a major problem with a secondary such as this, the movement taking the index yet again below Blue on the chart, a downtrend established before Covid hit the fan. Closure below this trend line risks being quite nasty, taking the UK index into a region where bottom calculates at 6897 points eventually. Visually, quite a lot of things need happen before we’d feel justified in issuing our own equivalent of a RED warning.
Near term, with the market closing Thursday at 7529 points, we feel it need only exceed 7540 points to bring gains toward an initial 7570 points. If bettered, our secondary calculation comes along with 7603 points. While these target levels are relatively tame, they conform to a suspicion the market is in placeholder mode, until such time decisions are made on Russia, Covid-19, or the UK PM.
On a brighter note, it was announced the guy who “fiddled” the Formula 1 race ending to cheat Louis Hamilton out of a world championship finish has lost his job. And with the first Grand Prix of 2022 only 30 days away, all this good news must surely ensure the FTSE experiences a happier day on Friday, despite the weather…
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:43:37PM | BRENT | 91.53 | 90.8 | 90.185 | 91.96 | 93.22 | 94.655 | 91.24 | |||
| 9:45:31PM | GOLD | 1898.86 | 1882 | 1877 | 1895 | 1901 | 1905 | 1885 | Success | ||
| 9:47:48PM | FTSE | 7511.86 | 7491 | 7474 | 7526 | 7554 | 7567 | 7518 | Success | ||
| 9:51:36PM | FRANCE | 6919.7 | 6903 | 6876 | 6958 | 6976 | 6987 | 6933 | Shambles | ||
| 9:55:02PM | GERMANY | 15174 | 15130 | 15098 | 15276 | 15317 | 15390 | 15245 | ‘cess | ||
| 9:57:58PM | US500 | 4381.52 | 4372 | 4364 | 4431 | 4445 | 4458 | 4405 | Success | ||
| 10:01:28PM | DOW | 34321 | 34224 | 34150 | 34581 | 34735 | 34794 | 34463 | Success | ||
| 10:04:00PM | NASDAQ | 14164 | 14139 | 14016 | 14393 | 14438 | 14548 | 14316 | |||
| 10:07:00PM | JAPAN | 26882 | 26863 | 26813 | 27013 | 27204 | 27248 | 27063 | Success |
17/02/2022 FTSE Closed at 7537 points. Change of -0.87%. Total value traded through LSE was: £ 5,734,831,803 a change of -14.78%
16/02/2022 FTSE Closed at 7603 points. Change of -0.07%. Total value traded through LSE was: £ 6,729,531,357 a change of 15.27%
15/02/2022 FTSE Closed at 7608 points. Change of 1.02%. Total value traded through LSE was: £ 5,838,071,822 a change of -10.14%
14/02/2022 FTSE Closed at 7531 points. Change of -1.7%. Total value traded through LSE was: £ 6,497,209,256 a change of -4.96%
11/02/2022 FTSE Closed at 7661 points. Change of -0.14%. Total value traded through LSE was: £ 6,836,505,104 a change of 3.17%
10/02/2022 FTSE Closed at 7672 points. Change of 0.38%. Total value traded through LSE was: £ 6,626,677,333 a change of -0.02%
9/02/2022 FTSE Closed at 7643 points. Change of 1%. Total value traded through LSE was: £ 6,627,688,349 a change of 1.84%
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:DARK Darktrace Plc** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:FRES Fresnillo** **LSE:HUR Hurrican Energy** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:MKS Marks and Spencer** **LSE:OXIG Oxford Instruments** **LSE:PPC President Energy** **LSE:SCLP Scancell** **
********
Updated charts published on : Darktrace Plc, Diageo, ECO (Atlantic) O & G, Fresnillo, Hurrican Energy, Igas Energy, IG Group, Marks and Spencer, Oxford Instruments, President Energy, Scancell,
LSE:DARK Darktrace Plc Close Mid-Price: 319.8 Percentage Change: -6.93% Day High: 344.6 Day Low: 316.6
If Darktrace Plc experiences continued weakness below 316.6, it will inva ……..
</p
View Previous Darktrace Plc & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 3616 Percentage Change: + 0.31% Day High: 3639.5 Day Low: 3586.5
Weakness on Diageo below 3586.5 will invariably lead to 3580 with seconda ……..
</p
View Previous Diageo & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 36 Percentage Change: + 2.13% Day High: 37.25 Day Low: 35.15
Target met. All ECO (Atlantic) O & G needs are mid-price trades ABOVE 37. ……..
</p
View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 695 Percentage Change: + 4.29% Day High: 696 Day Low: 668
Continued trades against FRES with a mid-price ABOVE 696 should improve t ……..
</p
View Previous Fresnillo & Big Picture ***
LSE:HUR Hurrican Energy. Close Mid-Price: 7.6 Percentage Change: + 31.72% Day High: 8.37 Day Low: 5.85
Target met. Continued trades against HUR with a mid-price ABOVE 8.37 shou ……..
</p
View Previous Hurrican Energy & Big Picture ***
LSE:IGAS Igas Energy. Close Mid-Price: 18.7 Percentage Change: + 3.31% Day High: 18.7 Day Low: 17.6
Further movement against Igas Energy ABOVE 18.7 should improve accelerati ……..
</p
View Previous Igas Energy & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 772.5 Percentage Change: + 1.11% Day High: 774 Day Low: 760
Continued weakness against IGG taking the price below 760 calculates as l ……..
</p
View Previous IG Group & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 186 Percentage Change: -2.54% Day High: 191.65 Day Low: 186.2
Weakness on Marks and Spencer below 186.2 will invariably lead to 173 wit ……..
</p
View Previous Marks and Spencer & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 1944 Percentage Change: -3.28% Day High: 2005 Day Low: 1900
Target met. Continued weakness against OXIG taking the price below 1900 c ……..
</p
View Previous Oxford Instruments & Big Picture ***
LSE:PPC President Energy Close Mid-Price: 1.54 Percentage Change: -0.65% Day High: 1.55 Day Low: 1.52
In the event President Energy experiences weakness below 1.52 it calculat ……..
</p
View Previous President Energy & Big Picture ***
LSE:SCLP Scancell Close Mid-Price: 14 Percentage Change: -0.88% Day High: 14.2 Day Low: 13.62
In the event Scancell experiences weakness below 13.62 it calculates with ……..
</p
View Previous Scancell & Big Picture ***