#FTSE #WallSt
Sometimes it’s possible to utterly confuse yourself by looking at something too closely. Other times, you risk crashing in flames, ‘cos you didn’t bother looking. And at present, it’s worth looking at the FTSE every which way, because it’s behaving utterly cluelessly. We’ve always the fear; “If it ain’t goin’ up, it’s gonna go down” will apply when shares behave this way, so perhaps we should look for dangerous drop triggers against the London main index.
The immediate chart below reviews minute by minute movements on the FTSE, since the start of March. Visually, it’s pretty clear things have proven fairly tepid since the start of April, the market effectively flatlining. The previous high on the FTSE was 7688 points, achieved on February 10th, and the market has yet to attempt to exceed such a level. To be fair, there’s a heck of a strong argument demanding the FTSE head to 7740 points next, if only the index would wander above the Blue line on the chart. At time of writing, this Blue level is at 7637 points and we shall prove as attainable as a UK politician telling the truth. To be blunt, the closer the index approaches the trend, the greater the chances of the market opting to react in a negative fashion. Hence, our suspicion we need to check drop triggers.
It looks like the first indication of real trouble shall come, if the FTSE stumbles below 7594 points as this calculates with the potential of sharp reversal to an initial 7538 points. The visuals against such a reversal tend imply a reasonable chance of a bounce, given all the market lows in the first week of April. Things become a little more dangerous, should 7538 break as travel down to a secondary at 7436 works out as possible.
At this level, things risk becoming nastier than a Scottish ‘summer’ day, due to the need for divine intervention to inhibit a further reversal cycle which eventually approaches the 7200 point level…
During the course of Thursday evening, news from the USA regarding potential interest rate changes provoked hysterics on most indices. In common with the rest of the world, FTSE futures dropped sharply but we feel the level at which the real market opens on Friday morning shall be crucial, both in defining if the FTSE faces some near term drops or, if the market opens the day above 7594 points, a slight chance for another day enjoying watching London do very little…
Have a good weekend and enjoy the Italian GP.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:39:41PM | BRENT | 108.35 | 106.4 | 105.32 | 108 | 108.9 | 109.305 | 107.1 | |||
| 10:52:03PM | GOLD | 1951.69 | 1936 | 1931 | 1950 | 1958 | 1966 | 1948 | ‘cess | ||
| 10:54:33PM | FTSE | 7551.43 | 7534 | 7528 | 7561 | 7591 | 7607 | 7541 | Shambles | ||
| 10:56:37PM | FRANCE | 6599 | 6583 | 6512 | 6642 | 6758 | 6802 | 6680 | Success | ||
| 11:02:15PM | GERMANY | 14332 | 14303 | 14245 | 14435 | 14464 | 14517 | 14365 | Success | ||
| 11:05:05PM | US500 | 4388.72 | 4384 | 4372 | 4410 | 4439 | 4456 | 4391 | Success | ||
| 11:07:31PM | DOW | 34751 | 34714 | 34477 | 34990 | 35114 | 35291 | 34808 | Shambles | ||
| 11:10:38PM | NASDAQ | 13704 | 13662 | 13632 | 13844 | 13869 | 13946 | 13825 | Success | ||
| 11:13:06PM | JAPAN | 27125 | 27056 | 26783 | 27266 | 27333 | 27394 | 27219 | Success |
21/04/2022 FTSE Closed at 7627 points. Change of -0.03%. Total value traded through LSE was: £ 8,624,086,669 a change of 11.51%
20/04/2022 FTSE Closed at 7629 points. Change of 0.37%. Total value traded through LSE was: £ 7,734,053,627 a change of 26.25%
19/04/2022 FTSE Closed at 7601 points. Change of -0.2%. Total value traded through LSE was: £ 6,126,164,773 a change of -7.53%
14/04/2022 FTSE Closed at 7616 points. Change of 0.47%. Total value traded through LSE was: £ 6,624,976,338 a change of 20.3%
13/04/2022 FTSE Closed at 7580 points. Change of 0.05%. Total value traded through LSE was: £ 5,507,163,189 a change of -5.24%
12/04/2022 FTSE Closed at 7576 points. Change of -100%. Total value traded through LSE was: £ 5,811,485,837 a change of 0%
11/04/2022 FTSE Closed at 7618 points. Change of 0%. Total value traded through LSE was: £ 5,589,702,864 a change of 0%
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:AML Aston Martin** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:POG Petrop etc** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **
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Updated charts published on : Aston Martin, British Airways, Intercontinental Hotels Group, Petrop etc, Standard Chartered, The Trainline,
LSE:AML Aston Martin. Close Mid-Price: 900.2 Percentage Change: + 5.19% Day High: 905.6 Day Low: 831
Further movement against Aston Martin ABOVE 905.6 should improve accelera ……..
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View Previous Aston Martin & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 152.9 Percentage Change: + 6.17% Day High: 155.96 Day Low: 145.82
In the event of British Airways enjoying further trades beyond 155.96, t ……..
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View Previous British Airways & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5306 Percentage Change: + 1.03% Day High: 5386 Day Low: 5254
All Intercontinental Hotels Group needs are mid-price trades ABOVE 5386 t ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:POG Petrop etc. Close Mid-Price: 1.95 Percentage Change: + 21.88% Day High: 2.3 Day Low: 1.7
In terms of percentage gains, this allegedly demands being reviewed but t ……..
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View Previous Petrop etc & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 524.2 Percentage Change: + 1.87% Day High: 527 Day Low: 514.2
Continued trades against STAN with a mid-price ABOVE 527 should improve t ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TRN The Trainline. Close Mid-Price: 289.2 Percentage Change: + 0.98% Day High: 303.2 Day Low: 270.3
Further movement against The Trainline ABOVE 303.2 should improve acceler ……..
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View Previous The Trainline & Big Picture ***