#FTSE #SP500
The name successfully conceals an organisation which has, since 1909, been trading internationally with some considerable success. It was all the fault of Henry Ford and his everyman car, the Model T. Rubber plantations in Asia needed money to expand fast, due to the burgeoning demand for car tyres, and the original incarnation of the company stepped forward.
A few years later, their name changed to Scottish Mortgage and Investment Trust, the company expanded their interests, now including equity markets worldwide. LSE:SMT once had a chairman who famously expressed “The fact is that this country has got itself into a really dreadful mess… We continue to have more confidence in investment prospects overseas than in the UK“. This was in 1975 but it’s certain the sentiment remains true, their activities still being global.
From an immediate share price perspective, there’s quite a lot pointing toward optimism. But unfortunately, the price need only tumble below 800p to risk triggering reversal to 740p next. Visually, such an ambition isn’t terrible, essentially matching the level of the Blue trend break at the start of July. Normally we’d anticipate a bounce should such a reversal occur, especially as things become dangerous in the event 740p breaks as “bottom” calculates at 619p, a price level from which it’s difficult to visualise any quick recovery.
However, the share price “only” needs exceed the recent high of 884p to enter the realms of hope, calculating with an initial recovery potential to 978p initially with secondary, if exceeded, a more encouraging target at 1164p.
Our inclination is to suspect Scottish Mortgage Investment Trust share price intends recovery in the months ahead as the market made a very deliberate movement to break through the immediate Blue downtrend. Fingers crossed time!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:39:22PM | BRENT | 99.75 | Shambles | ||||||||
| 10:42:54PM | GOLD | 1717.53 | |||||||||
| 10:44:55PM | FTSE | 7309.54 | 7287 | 7280 | 7251 | 7318 | 7367 | 7391 | 7430 | 7329 | ‘cess |
| 10:46:40PM | STOX50 | 3576 | |||||||||
| 10:49:51PM | GERMANY | 13116.67 | ‘cess | ||||||||
| 10:51:38PM | US500 | 3936 | 3910 | 3898 | 3860 | 3942 | 3963 | 3976 | 3998 | 3938 | Success |
| 10:53:25PM | DOW | 31797 | |||||||||
| 10:55:35PM | NASDAQ | 12147 | ‘cess | ||||||||
| 10:57:25PM | JAPAN | 27478 | Success |
26/07/2022 FTSE Closed at 7306 points. Change of 0%. Total value traded through LSE was: £ 6,619,636,706 a change of 9.19%
25/07/2022 FTSE Closed at 7306 points. Change of 0.41%. Total value traded through LSE was: £ 6,062,435,734 a change of 37.23%
22/07/2022 FTSE Closed at 7276 points. Change of 0.08%. Total value traded through LSE was: £ 4,417,687,866 a change of -18.83%
21/07/2022 FTSE Closed at 7270 points. Change of 0.08%. Total value traded through LSE was: £ 5,442,605,910 a change of -14.07%
20/07/2022 FTSE Closed at 7264 points. Change of -0.44%. Total value traded through LSE was: £ 6,333,828,189 a change of 35.6%
19/07/2022 FTSE Closed at 7296 points. Change of 1.01%. Total value traded through LSE was: £ 4,670,793,885 a change of -13.24%
18/07/2022 FTSE Closed at 7223 points. Change of 0.89%. Total value traded through LSE was: £ 5,383,848,988 a change of -4.09%
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:ASC Asos** **LSE:CNA Centrica** **LSE:DGE Diageo** **LSE:GLEN Glencore Xstra** **LSE:IGG IG Group** **LSE:NWG Natwest** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Aston Martin, Asos, Centrica, Diageo, Glencore Xstra, IG Group, Natwest, Zoo Digital,
LSE:AML Aston Martin Close Mid-Price: 436.2 Percentage Change: -7.11% Day High: 480 Day Low: 437.2
If Aston Martin experiences continued weakness below 437.2, it will invar ……..
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View Previous Aston Martin & Big Picture ***
LSE:ASC Asos Close Mid-Price: 1032 Percentage Change: -7.94% Day High: 1140 Day Low: 1028
Weakness on Asos below 1028 will invariably lead to 972 with secondary (i ……..
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View Previous Asos & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 89.38 Percentage Change: + 1.06% Day High: 91.06 Day Low: 88.26
Further movement against Centrica ABOVE 91.06 should improve acceleration ……..
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View Previous Centrica & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 3727 Percentage Change: + 0.13% Day High: 3742.5 Day Low: 3708.5
Continued trades against DGE with a mid-price ABOVE 3742.5 should improve ……..
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View Previous Diageo & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 438.8 Percentage Change: + 1.39% Day High: 445.55 Day Low: 437.2
Further movement against Glencore Xstra ABOVE 445.55 should improve accel ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IGG IG Group Close Mid-Price: 789.5 Percentage Change: -0.75% Day High: 805.5 Day Low: 789.5
Further movement against IG Group ABOVE 805.5 should improve acceleration ……..
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View Previous IG Group & Big Picture ***
LSE:NWG Natwest Close Mid-Price: 229.4 Percentage Change: -0.35% Day High: 233.6 Day Low: 228.1
In the event of Natwest enjoying further trades beyond 233.6, the share s ……..
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View Previous Natwest & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 126 Percentage Change: + 1.20% Day High: 126 Day Low: 124.5
All Zoo Digital needs are mid-price trades ABOVE 126 to improve accelerat ……..
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View Previous Zoo Digital & Big Picture ***