#Gold #SP500
Market volumes appear to have gone through the floor for the start of July. Quite literally, the financial value of trades through LSE appear to have dropped 25% in the first couple of days trading this month, far from encouraging, the dip also substantially below fiscal levels for the same period in 2020 and 2021. Goodness knows how the holiday month, August, shall perform. Needless to say, we shall be keeping a weather eye on this, due to low volumes never being associated with a vibrant happy marketplace.
We’ve been asked to include the Euro STOXX 50 in our daily deliberations, but before we start, we opted to take a bigger picture glance at the index. One fair criticism of the Dax and the CAC is the proliferation of trading gaps, making it difficult and dangerous to place ‘fire and forget’ orders on some platforms. Few things are more annoying than a carefully thought out trading scenario being skipped over, due to a market gap appearing for usually unknown reasons. The STOXX 50 certainly appears less infected by trading gaps, this being a primary reason why some traders are apparently switching from Germany and France.
One thing which immediately managed a “sore thumb” impersonation was a series of market movements on the chart, just as June drizzled to a close. We’re always a little interested, when something breaks below an established uptrend as it’s often a pretty sane early warning signal of coming trauma. The converse can often prove equally true and the Stoxx50 managed it in glorious technocolour. On the 27th and 28th of June, the index poked above the uptrend, yet failed to actually close above Red.
The two chart insets below show what happened, quite clearly advising anyone paying attention this Red uptrend in important and the market is aware of it. The care with which the market ensured the index was not permitted to close a session in safety is extremely interesting, almost promising future closure above Red shall be a pretty safe indicator of coming gains. However, if we toss our suspicions to the side, the immediate prospects are not encouraging.
Now below 3430 points risks triggering some painful reversals, threatening a cycle down to an initial 3030 points. Should such a level break, our ‘longer term’ secondary works out at 2621 points and hopefully a solid bottom. Unfortunately, visually each target level makes quite a lot of sense.
Our alternate is a little easier on the eye, the index needing above 3490 to hopefully trigger a cycle of surprise gains to an initial 3662 points with secondary, if exceeded, calculating at a game changing (for the longer term) 3790 points. We suspect the Stoxx50 shall prove interesting as currently, the index doesn’t ‘feel’ like it wants to go down. Unfortunately, the market has also placed itself in a position, where world events can force swift reversals while the index loiters below Red on the chart.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:42:11PM | BRENT | 113.11 | ‘cess | ||||||||
| 9:43:50PM | GOLD | 1808.62 | 1803 | 1800 | 1796 | 1811 | 1815 | 1820 | 1832 | 1803 | |
| 9:45:32PM | FTSE | 7226 | |||||||||
| 9:47:14PM | FRANCE | 5951 | |||||||||
| 9:49:19PM | GERMANY | 12780 | |||||||||
| 9:50:54PM | US500 | 3810 | 3788 | 3781 | 3768 | 3806 | 3822 | 3854 | 3893 | 3788 | |
| 9:52:51PM | DOW | 30984 | |||||||||
| 9:54:29PM | NASDAQ | 11527 | |||||||||
| 9:57:16PM | JAPAN | 26255 |
4/07/2022 FTSE Closed at 7232 points. Change of 0.64%. Total value traded through LSE was: £ 3,546,030,521 a change of -26.75%
1/07/2022 FTSE Closed at 7186 points. Change of 0.24%. Total value traded through LSE was: £ 4,840,883,193 a change of -20.03%
30/06/2022 FTSE Closed at 7169 points. Change of -1.96%. Total value traded through LSE was: £ 6,053,180,020 a change of 8.35%
29/06/2022 FTSE Closed at 7312 points. Change of -0.15%. Total value traded through LSE was: £ 5,586,821,429 a change of -8.41%
28/06/2022 FTSE Closed at 7323 points. Change of 0.9%. Total value traded through LSE was: £ 6,100,040,096 a change of -3.89%
27/06/2022 FTSE Closed at 7258 points. Change of 0.69%. Total value traded through LSE was: £ 6,347,029,355 a change of 0.8%
24/06/2022 FTSE Closed at 7208 points. Change of 2.68%. Total value traded through LSE was: £ 6,296,850,381 a change of 10.86%
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:AFC AFC Energy** **LSE:AV. Aviva** **LSE:EMG MAN** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:VOD Vodafone** **
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Updated charts published on : AFC Energy, Aviva, MAN, Oxford Instruments, Parkmead, Speedyhire, Spirax, Vodafone,
LSE:AFC AFC Energy Close Mid-Price: 19 Percentage Change: -4.47% Day High: 20.5 Day Low: 18.74
Target met. In the event AFC Energy experiences weakness below 18.74 it c ……..
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View Previous AFC Energy & Big Picture ***
LSE:AV. Aviva. Close Mid-Price: 404.7 Percentage Change: + 0.77% Day High: 406.6 Day Low: 402
The situation with this now is a need to exceed 453p to trigger movement t ……..
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View Previous Aviva & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 245.6 Percentage Change: + 0.95% Day High: 250.5 Day Low: 243.2
All MAN needs are mid-price trades ABOVE 265 to improve acceleration towar ……..
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View Previous MAN & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 1966 Percentage Change: -0.81% Day High: 1992 Day Low: 1888
Continued weakness against OXIG taking the price below 1888 calculates as ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:PMG Parkmead. Close Mid-Price: 42.25 Percentage Change: + 0.60% Day High: 42.1 Day Low: 41.6
Below 41 now risks reversal kicking in to an initial 38 with secondary, if ……..
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View Previous Parkmead & Big Picture ***
LSE:SDY Speedyhire Close Mid-Price: 42.85 Percentage Change: -1.04% Day High: 43.6 Day Low: 42.65
If Speedyhire experiences continued weakness below 42.65, it will invaria ……..
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View Previous Speedyhire & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 10130 Percentage Change: + 0.75% Day High: 10370 Day Low: 10025
All Spirax needs are mid-price trades ABOVE 10370 to improve acceleration ……..
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View Previous Spirax & Big Picture ***
LSE:VOD Vodafone. Close Mid-Price: 128.66 Percentage Change: + 1.02% Day High: 130.48 Day Low: 128.3
Continued trades against VOD with a mid-price ABOVE 130.48 should improve ……..
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View Previous Vodafone & Big Picture ***