Author: T&T Staff

#GOLD #FRANCE If we accept US market experience under Mr Trump as gospel, it appears a look at UK Defence industries may be justified. For this reason, we took a hard look at #Qinetic as their performance over the last 18 months has already been “interesting”.

The immediate situation is fairly straightforward. Price movement now exceeding 307p should prove capable of targeting an initial 319p. Surprisingly, we note we already have three seperate criteria demanding movement to the 319p. Visually, it also makes sense despite the strong potential of a Glass Ceiling forming at such a level. Only with closure above 319p does our secondary calculation at 335p start to make sense, along with a new all time high.

Qinetic share price requires break below 267p to spoil the party, this tending nudge the price in the direction of 214p initially. If broken, secondary is at 187p.

For now, we’d be fairly comfortable with the suggestion 319 intends make a guest appearance fairly soon. As for the longer term, should the company follow the example of several US contractors, apparently we are supposed to believe the really longer term attraction comes from 365p.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:20:19PM	BRENT	63.72
10:25:26PM	GOLD	1427.34	1414	1408	1401	1425	1428	1432	1439	1418	‘cess
10:27:39PM	FTSE	7694.28									Success
10:29:26PM	FRANCE	5606	5580	5565	5545	5616	5625	5641.5	5673	5578	‘cess
10:30:54PM	GERMANY	12435.53									‘cess
10:33:27PM	US500	3022.07
10:35:36PM	DOW	27233
10:53:28PM	NASDAQ	7992									‘cess
10:55:49PM	JAPAN	21636									‘cess

 

29/07/2019 FTSE Closed at 7686 points. Change of 1.81%. Total value traded through LSE was: £ 5,698,235,425 a change of -1.48%

#FTSE #Brent This DNA testing fad looks like creating more trouble than Boris. Over the weekend, surprising news broke about three ‘brand new’ cousins when DNA evidence of late uncle’ activities emerged. Believing “this sort of thing only happened in TV soaps” is now a thing of the past but it makes for delicious gossip!

As for the markets, thus far SAGA has triggered an upward movement, albeit slowly. Lloyds Group on the other hand appears intent on heading to an initial 51.8p, requiring above 58.8p to trash the prospects. And Barclays has done nothing of note, despite their share price appearing more resilient than Lloyds.

Our “FTSE for FRIDAY” proved reliable with the index comfortably moving to our initial 7547 points. Thankfully, the market eventually closed the week above this target level at 7552 points, giving considerable hope for the next few sessions. The situation now suggests moves above 7561 points should bring a visit to an initial 7582 points. If exceeded, secondary calculates at 7617 points. Overall, the market needs break below 7380 points to give early warning it’s all about to go wrong.

Aston Martin Lagonda share price has certainly taken a tumble. Without going into a lot of boring detail, for some time we’d been calculating a bottom around the 4 quid mark. However, recent reversals cause us to revisit this potential and now we’re showing 539p as bottom. We cannot calculate share price closure below such a point. At present, the price requires exceed 861p to regain the trend and give optimism. For now, it’s less 007 and more Oh Oh.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
12:18:37PM	BRENT	63.24	61	59.235	56.46	64.64	63.93	64.26	64.72	63.1
12:20:41PM	GOLD	1419.05
12:23:27PM	FTSE	7549.96									‘cess
1:24:34PM	FRANCE	5603
1:28:18PM	GERMANY	12425	12354	12321.5	12279	12421	12449	12470.5	12529	12391
1:30:12PM	US500	3022.52
1:36:09PM	DOW	27165
1:38:09PM	NASDAQ	8003.6									‘cess
1:40:00PM	JAPAN	21653

  

26/07/2019 FTSE Closed at 7549 points. Change of 0.8%. Total value traded through LSE was: £ 5,783,845,666 a change of -16.38%

#FTSE #DOW Probably the only thing more boring than reading an analysis about the markets in this weather, is writing one. There’s something about Scotland which removes ones tolerance to heat as anything above 20 tends be regarded as “too hot”. As for the FTSE, it looks ready to wilt a bit more.

The market closed Thursday at 7500 points, its lunge downward to 7460 a few hours earlier proving pretty much exactly as expected from our lunchtime report. If any miracle bounce is to be judged as genuine, the index needs better 7533 points as this should apparently trigger some further movement to a modest 7547 points. If bettered, secondary is at 7582 points. If triggered, the tightest stop looks like 7493 points.

We’re not convinced as to the recovery potentials, instead suspecting below 7460 shall prove capable of reversal to an initial 7400 points. If broken, secondary calculates at 7361 points. The tightest stop looks like it’s around 7507 points.

That’s it. Have a good weekend!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:53:22PM	BRENT	63.01
9:55:11PM	GOLD	1414.53									‘cess
9:58:47PM	FTSE	7473									Shambles
10:00:40PM	FRANCE	5566.7									Success
10:03:11PM	GERMANY	12352	12296	12219	12091	12427	12445	12459.5	12514	12338	Suc’ambles
10:05:09PM	US500	3005									‘cess
10:10:15PM	DOW	27112.5	27048	26982	26852	27225	27365	27488	27631	27185	Success
10:12:47PM	NASDAQ	7968.62									Shambles
10:14:35PM	JAPAN	21610									‘cess

25/07/2019 FTSE Closed at 7489 points. Change of -0.16%. Total value traded through LSE was: £ 6,916,977,228 a change of 8.26%

#SP500 #NK225 It’s funny but Mrs May always struck as the type of person found running a local authority (keen not to rock the boat) but unsuited to run a country. Now, she’s been replaced by someone who used to run a local authority – London. Life is doubtless going to become interesting and we’re starting to wonder if the banks shall benefit.

Barclays share price has cheerfully wandered through the downtrend for the last year, a movement we suspect was not accidental. Quite an interesting situation now presents itself as share price growth above 163p calculates as capable of movement to an initial 175p. If bettered, secondary works out at a surprising 193p!

We’re a little surprised at this behaviour. The drift through the downward trend removed Barclays, quite neatly, from a zone which has been promising a bottom eventually of 134p. Or far worse, if such a level broke. The immediate situation calls for a revamp of our thinking as the share requires closure below 158p to give a pretty firm suggestion some strong growth is not on the cards, anytime soon.

A suspicion exists of the market simply opting to start a new trend, while everyone tries to figure out what the new bloke in the hot seat is going to do next. Of course, the media will have us believe he also doesn’t know from one minute to the next. Hopefully Boris adopts Mr Trumps Twitter habits, entertaining the nation and giving those who seek to be offended plenty to moan about.

For now, some slight optimism exists for Barclays.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:21:02PM	BRENT	63.01									Shambles
10:22:38PM	GOLD	1426.55
10:29:27PM	FTSE	7513.9									Success
10:31:01PM	FRANCE	5630.2
10:33:13PM	GERMANY	12563
10:35:32PM	US500	3016.72	2996	2993	2984	3010	3019	3022.25	3030	3002	Success
10:38:07PM	DOW	27262
10:40:18PM	NASDAQ	7989.77									Success
10:47:44PM	JAPAN	21743	21613	21577.5	21514	21699	21768	21788.5	21847	21641	‘cess

24/07/2019 FTSE Closed at 7501 points. Change of -0.73%. Total value traded through LSE was: £ 6,389,282,051 a change of 12.21%

#FTSE #Nasdaq It’s that time of the month again when we can justify bad temper moods, a typical outcome when reviewing the UK’s retail banks. Lloyds, for instance, experienced a month with a 2p range, doing nothing useful. Similar to the UK’s outgoing Prime Minister and our national Brexit hiatus!

It would be nice to suggest the last month has at least dropped some clues for the shares future behaviour but frankly, it hasn’t. The immediate situation does, thankfully, give a slightly tenuous scenario which could give early warning for some upward travel.

Apparently, above 57.7p should bring movement to a stunning 57.91p. Even by day trade standards, this would be a pretty useless trading plan but the key signal will come if 57.91p is bettered. This will hint at the potential of coming upward travel. Above 57.91p calculates with the potential of 58.8p next. Beyond such a point and we’re showing 62.28p. Yet, this is all pretty useless if we zoom out and view the last 5 years…

The share price presently requires exceed Blue, presently at 64p, to give real hope for genuine price recovery. Nothing from immediate movements gives hope this will prove possible. Instead, the threat remains of weakness below 56p driving Lloyds down to an initial 51.8p. If broken, secondary is a “bottom hopefully” at 46.8p. Our use of the term “bottom hopefully” is careful, given achieving such a drop will bring Lloyds into territory where quite severe reversals are possible with the number 26p being bandied around as an ultimate drop target.

Perhaps our new “representative of real people” shall provide a breath of fresh air in Number 10? After all, across the water Mr Trump hasn’t exactly hurt the marketplace but we’re not holding our breath.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:19:00PM	BRENT	64.19									Shambles
10:20:29PM	GOLD	1418.29
10:22:02PM	FTSE	7564.5	7533	7512	7483	7578	7579	7604	7623	7546	Success
10:23:31PM	FRANCE	5630									Success
10:26:13PM	GERMANY	12528									Success
10:35:39PM	US500	3001.39									Success
10:38:28PM	DOW	27323									Success
10:40:42PM	NASDAQ	7928.02	7913	7886	7858	7949	7970	7977	8034	7929	‘cess
10:42:29PM	JAPAN	21691									‘cess

 

23/07/2019 FTSE Closed at 7556 points. Change of 0.56%. Total value traded through LSE was: £ 5,694,241,566 a change of 14.91%

SAGA PLC (LSE:SAGA) Our previous review against SAGA had a pretty grim drop target, especially as it was trading around 120 at the time of report. Time, the mortal enemy took hold, Saga indeed withered to our 67p this year. Which is a bit funny, given Saga’s mission is to exploit folk battling the ravages of time.

It’s always easy to treat the old and decrepit, those above 50, with some distain. But our software, developed entirely in-house, was created by someone who’s been dying his hair for 30 years already! In fairness, a family trait ensured he cultivated a badgers white streak from his 20’s.

The scary thing about our 67 “bottom” was not the calculation but rather, the method employed by the market to take the price down. On April 4th, the price of SAGA was manipulated (gapped) from 107p directly to 67p. This was a disaster, the harsh movement tending imply the market wanted the share price below our target level. As time hacked away at the share, it was to eventually reach 31p, a price level we simply cannot understand. When we look at it, about the only thing it represents is one of these moments when you go into a room and immediately forget why you’re there. We cannot emphasise sufficiently, we’ve no idea why 31p appeared. Anything below 67p took the price into a region where we could calculate no lower.

For now, it’s probable the best thing we should do is look for signals SAGA share price is recovering with some integrity. Moves now above 50.1p are supposed to generate recovery to an initial 56.75p. If exceeded, the very first box is ticked to suggest bottom is “in”. Secondary, if bettered, calculates at a longer term 86.75p and takes the price into the region of the April Gap (circled). Generally this can be regarded as a good thing, giving considerable hope for the future.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:41:09PM	BRENT	63.17
10:06:12PM	GOLD	1425.48	1419	1411.785	1398.09	1431	1431	1437	1450.11	1422
10:08:12PM	FTSE	7522.29									‘cess
10:09:37PM	FRANCE	5567.2
10:15:38PM	GERMANY	12314
10:17:19PM	US500	2987.72	2968	2949	2924	2988	2991	2995	3003	2975
10:19:13PM	DOW	27187
10:21:02PM	NASDAQ	7912.99
10:22:45PM	JAPAN	21416

 

22/07/2019 FTSE Closed at 7514 points. Change of 0.08%. Total value traded through LSE was: £ 4,955,600,068 a change of -12.06%

#Brent #DAX Starting a new week by reviewing our previous reports certainly provides an easy way to clear the mental fog of a lazy weekend. While we tend not review our FTSE for FRIDAY (in case an apology is needed!), Fridays song and dance managed to step on all the wrong notes. Confusing would be an understatement.

The funny thing though, it was not just the FTSE which self immolated. Japan retained some dignity but of course, when the Nikkei opens in the early hours of Monday, it will probably follow the rest of the world in adopting a chaotic stance to market moves.

The problem we experienced, broadly speaking, related to our initial upward targets. Most markets hit and slightly exceeded these targets. But as the day progressed, rather than attempt higher travel, markets instead opted to race downward faster than the media attempting to take the worst possible meaning from anything said by Trump, Corbyn, or Johnstone.

Our suspicion remains of some coming reversals, hopefully nothing severe. And doubtless surprise recovery toward the middle of August.

As for Ethereum (prior report link), the fake coin indeed reached our initial bounce target of 227, even exceeding it slightly and hitting 237. The recovery situation can be refined slightly as movements above 237 should now bring an initial 251 dollars. If exceeded, our secondary is at 271 dollars. If triggered, the market needs below 209 to cancel the rise potentials. Please remember, from a bigger picture stance, we suspect it intends hit 95 dollars eventually!

Cairn Energy hasn’t really done anything interesting yet but near term, any drift below 152p should find a bottom by 143.75p, a point at which we’d hope for a rebound. This potential is enhanced, due to its previous drip to this level back in June.

A G Barr, once pride of Scotland, allowed us to issue a warning (link here) for the future, if the share closed a session below 616p. The share price has now closed below this trigger twice and now just awaits a drip below 600p and it shall doubtless fulfil the next part of our outlook, a trip down to 498p. While we’re fond of our warning, “if it ain’t going down, it’s going up”, only 4 sessions have elapsed since the severe drop. The share requires above 712p just to give a slight hint a further drop is not on the immediate cards.

It remains worth keeping an eye on as we do anticipate a rebound, should 498p make an appearance.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
7:07:58PM	BRENT	62.72	61.68	61.385	60.76	62.71	63.24	64.075	65.07	62.23	‘cess
7:09:27PM	GOLD	1425.57
7:11:39PM	FTSE	7493.51									Shambles
7:24:57PM	FRANCE	5547.7									‘cess
7:27:13PM	GERMANY	12215									‘cess
7:41:38PM	US500	2969	2968	2945.5	2921	3000	3007	3016	3032	2972	Shambles
7:44:43PM	DOW	27103									‘cess
9:04:30PM	NASDAQ	7807.87									Shambles
9:08:57PM	JAPAN	21263									Success

 

19/07/2019 FTSE Closed at 7508 points. Change of 0.2%. Total value traded through LSE was: £ 5,635,394,031 a change of 0.93%