#FTSE #Robot There are indications something positive wants to happen with the FTSE. The extraordinary day experienced on Thursday has almost galvanised the UK market and now, above 10,723 points should kick open the door of a brave new world for the index. At time of writing, FTSE futures look quite convincing at 10,695 points, 43 points above the level at which the market closed Thursday, an impressive 1.67% upward. This are not getting quite interesting from a near term perspective but we’d prefer sprinkle some sanity on our outpouring of hope.
After all, this is the FTSE we’re talking about, not our Garden Robot which is proving pretty reliable in patrolling the lawn and has displaced a little red tractor! We even took a video: The Robot Mower. (video (13 seconds)) opens in a new window.
From a near term perspective, above 10.723 points is supposed to trigger gains toward an utterly useless 10,740 points. If triggered, the tightest stop loss point looks like 10,660 points. There’s another reason why this is worth mentioning as our secondary target, if this useless initial 10,740 points is bettered, calculates at a slightly more useful 10,882 points. Rather more importantly though, this would take the index into a zone where a longer term 11,319 points calculates as a viable longer term ambition.
Of course, we’re approaching a Silverstone Formula1 weekend, a race which home champion Louis Hamilton is supposed to win. After all, with a prior 9 wins at the circuit, they should just award him the place without the annoying hindrance of an actual race spoiling what looks like a fairly good weekend.
Unfortunately, the FTSE, like Mr Hamilton, doesn’t need do much to foul things up. Below 10,470 points would be troubling, risking triggering reversals down to an initial 10,376 points with our less likely secondary, if broken, calculating down at 10,265 points.
We do suspect, if an effort is made to keep the UK marching in place, 10.376 will provide a reasonable rebound level…
Have a good weekend and enjoy the race. Hopefully it rains on the circuit, giving drivers the chance to display their competence.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:23:57PM | BRENT | 7163.6 | 7070 | 7017 | 7130 | 7176 | 7211 | 7147 | ‘cess | ||
| 11:48:57PM | GOLD | 4135.86 | 4024 | 3976 | 4081 | 4142 | 4171 | 4102 | |||
| 10:54:55PM | FTSE | 10669.7 | 10517 | 10450 | 10580 | 10698 | 10744 | 10620 | Success | ||
| 11:00:47PM | STOX50 | 6353.8 | 6259 | 6212 | 6304 | 6366 | 6375 | 6325 | |||
| 11:10:19PM | GERMANY | 25622.5 | 24953 | 24648 | 25165 | 25664 | 25777 | 25430 | |||
| 11:13:21PM | US500 | 7482.7 | 7427 | 7414 | 7474 | 7494 | 7506 | 7464 | ‘cess | ||
| 11:19:06PM | DOW | 52962.3 | 52013 | 51841 | 52402 | 52998 | 53331 | 52422 | |||
| 11:22:34PM | NASDAQ | 29310.3 | 29080 | 28825 | 29420 | 29575 | 29664 | 29280 | |||
| 11:25:52PM | JAPAN | 68110 | 67439 | 66862 | 67951 | 68615 | 68818 | 68107 | ‘cess |
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:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BP. BP PLC** **LSE:ECO ECO (Atlantic) O & G** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **
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Updated charts published on : Aviva, Astrazeneca, Barclays, BP PLC, ECO (Atlantic) O & G, Hikma, HSBC, Lloyds Grp., Marks and Spencer, Natwest, Rolls Royce, Sainsbury,
LSE:AV. Aviva. Close Mid-Price: 664.4 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. All Aviva needs are mid-price trades ABOVE 668.8 to improve a ……..
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View Previous Aviva & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 14538 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Continued trades against AZN with a mid-price ABOVE 14686 sho ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 522.1 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Continued trades against BARC with a mid-price ABOVE 524 should improve t ……..
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View Previous Barclays & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 464.4 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Weakness on BP PLC below 450.6 will invariably lead to 442p with secondar ……..
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View Previous BP PLC & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 49.5 Percentage Change: + 0.00% Day High: 0 Day Low: 0
This is not looking great as weakness below 44 now indicates the potential ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 1554 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Further movement against Hikma ABOVE 1573 should improve acceleration tow ……..
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View Previous Hikma & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 1445.2 Percentage Change: + 0.00% Day High: 0 Day Low: 0
All HSBC needs are mid-price trades ABOVE 1456.8 to improve acceleration ……..
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View Previous HSBC & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 114.65 Percentage Change: + 0.00% Day High: 0 Day Low: 0
In the event of Lloyds Grp. enjoying further trades beyond 115, the share ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 386.1 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Further movement against Marks and Spencer ABOVE 386.6 should improve acc ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 678.6 Percentage Change: + 0.00% Day High: 0 Day Low: 0
In the event of Natwest enjoying further trades beyond 681.8, the share s ……..
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View Previous Natwest & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 1475.2 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Continued trades against RR. with a mid-price ABOVE 0 should ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 337.2 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. In the event of Sainsbury enjoying further trades beyond 338 ……..
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