#Gold #JAPAN Here in Argyll. we generally anticipate monsoon conditions during the first week of August. This year, it appears July is spicing things up, strong winds and torrential non stop rain suggesting the annual monsoon has arrived a month early. All things considered, it’s perhaps not such a bad thing as the weeks following the monsoon generally enjoy pretty mild weather, almost as if we’ve been given our ration of rain for the autumn months and can relish doing battle with lawns which just will not stop growing.
Therefore, if you are considering a break in Argyll or Scotlands Wets coast, August and September now look perfectly safe, ideal times to plan a vacation weekend without bringing clothing for all four seasons.
And if you believe that, you’ll believe anything, even headlines about “Cheap” shares!
One of our favourite occasions for gritting teeth came when a client emailed asking about CMC Markets, telling us a popular online resource is referring to them – at 650p – as “So Cheap”. This is a term we instantly dislike, two words which should warn the reader the person who created “the analysis” has approached their task with an in-built bias. This sort of thing usually leaves investors walking funny… There’s no such thing as a “cheap” share and neither is there an “expensive” share. The only thing which is real is the share price!
And so, by which standards dare we judge FTSE 250 Trading and Investing platform CMC Markets current share price as “dirt cheap” and “tremendous value”, according to one commentator? We could quickly jump back to our report on 20th May which proposed a target of 495p, suggesting above such a level would require us to revisit things. On this subject, they’ve just forced our hand, gapping the share UP from 458p to 540p, neatly decapitating our upper level.
We’ve an immediate problem here, while despising clickbait headlines, it appears the share price may indeed be in positive territory. Currently, above just 651p looks capable of triggering gains to an initial 764p. Our longer term secondary calculates at a future 927p, a truly impressive rise from present price levels. The share needs break Red on the chart, currently around 442p.
In the event the price actually falls below an unlikely 442p, a visit down to an initial 245 calculates as possible with our secondary, if broken, at just 80p. Absolutely nothing – from a chart perspective – suggests this reversal scenario is probable. For now, it looks like the folk “ramping” the share might actually have a point, a pleasant change.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:04:17PM | BRENT | 7113.4 | Success | ||||||||
| 11:27:13PM | GOLD | 4041.93 | 3959 | 3902 | 3831 | 3989 | 4115 | 4164 | 4238 | 4064 | Success |
| 11:33:29PM | FTSE | 10472.5 | ‘cess | ||||||||
| 11:38:17PM | STOX50 | 6278.1 | ‘cess | ||||||||
| 11:53:13PM | GERMANY | 25045 | |||||||||
| 11:56:05PM | US500 | 7477.9 | ‘cess | ||||||||
| 11:58:15PM | DOW | 52255.3 | |||||||||
| 11:03:07PM | NASDAQ | 29773 | |||||||||
| 11:09:35PM | JAPAN | 68920 | 68785 | 68044 | 66746 | 69676 | 70233 | 70485 | 71050 | 69553 |
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:AV. Aviva** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:DGE Diageo** **LSE:FRES Fresnillo** **LSE:NWG Natwest** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **
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Updated charts published on : Aviva, BP PLC, Carclo, Diageo, Fresnillo, Rolls Royce, Sainsbury,
LSE:AV. Aviva. Close Mid-Price: 651.6 Percentage Change: + 0.00% Day High: 0 Day Low: 0
In the event of Aviva enjoying further trades beyond 655.8, the share sho ……..
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View Previous Aviva & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 455.6 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. If BP PLC experiences continued weakness below 454.35, it wil ……..
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View Previous BP PLC & Big Picture ***
LSE:CAR Carclo. Close Mid-Price: 34.3 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Continued weakness against CAR taking the price below 28p cal ……..
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View Previous Carclo & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 1483.5 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Now below 1467 looks capable of a visit to an initial 1399 with our second ……..
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View Previous Diageo & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 2794 Percentage Change: + 0.00% Day High: 0 Day Low: 0
In the event Fresnillo experiences weakness below 2670 calculates as lead ……..
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View Previous Fresnillo & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 679.6 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. All Natwest needs are mid-price trades ABOVE 680 to improve a ……..
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View Previous Natwest & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 1461 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. In the event of Rolls Royce enjoying further trades beyond 14 ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 330.6 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Continued trades against SBRY with a mid-price ABOVE 330.6 should improve ……..
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View Previous Sainsbury & Big Picture ***