Last Friday, we enjoyed a whinge about the 10,910 point level and the fact the #FTSE has been carefully avoiding closing above such a point. This notion, obviously ridiculous, almost treats the FTSE as if it were a sentient thing but we can’t help but notice the UK market remains strangely afraid of this value, the best achieved in the last 5 sessions being closure at 10,902 points. Or, close but no coconut, as most folk would say. Only with closure above 10,910 shall we dare believe the boredom of August is about to be left behind.
It feels more probable the UK index is again fated to experience some reversals. Currently, weakness below 10,755 suggests triggering reversal to 10,721 points and hopefully a bounce. In the event such a level breaks, things are liable to become a little nasty. Our secondary target of 10,663 could easily become quite troublesome, bringing the FTSE into a zone which breaks free of the August malaise and instead threatens a longer term visit to the 10,300 level. Should this scenario trigger, the tightest stop loss level looks like a very wide 10,893 points.
But there’s always the hope the current dangerous dance steps shall prove a distraction, the FTSE only needing to sneak above 10,806 to hopefully trigger a charge to 10,912 points with our longer term secondary, if bettered, at 10,950 points. And again, we will get to play the “Will it close above 10,910 points game” this remains a strong signal we’re waiting for which shall suggest the FTSE is about to experience another leg up.
With just another week until the Grand Prix season kicks off, all we can do is “enjoy” the incessant rain here in Argyll while continuing to do battle with technology. A throwaway new HP DeskJet 2900 printer (40 quid from Amazon) has become the latest portal to hell, our grand-daughters expecting to be able to print from their phones when visiting. This wireless nightmare has consumed more time than justifiable, refusing point blank to print in colour. But on the brighter side, our website now boasts an “HTTPS” prefix and aside from locking ourselves out, the process went fairly smoothly.
Have a good weekend. We face the children infesting, yet again!
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:34:42PM | BRENT | 8566.9 | 8538 | 8450 | 8600 | 8780 | 8821 | 8644 | ‘cess | ||
| 12:13:25AM | GOLD | 4345.42 | 4322 | 4311 | 4361 | 4363 | 4369 | 4342 | Success | ||
| 12:25:49AM | FTSE | 10799 | 10751 | 10704 | 10801 | 10817 | 10838 | 10787 | Success | ||
| 12:30:15AM | STOX50 | 6559.2 | 6541 | 6532 | 6554 | 6574 | 6586 | 6554 | ‘cess | ||
| 12:32:11AM | GERMANY | 26411 | 26283 | 26250 | 26375 | 26499 | 26568 | 26416 | |||
| 12:35:40AM | US500 | 7801 | 7756 | 7735 | 7795 | 7816 | 7835 | 7795 | |||
| 12:53:39AM | DOW | 53892.3 | 53621 | 53554 | 53737 | 54049 | 54134 | 53873 | ‘cess | ||
| 1:00:32AM | NASDAQ | 30060 | 29710 | 29557 | 29835 | 30169 | 30301 | 30000 | Success | ||
| 11:03:19PM | JAPAN | 68813 | 68117 | 67681 | 68374 | 69508 | 70173 | 69046 |
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:ASC Asos** **LSE:BBY BALFOUR BEATTY** **LSE:OCDO Ocado Plc** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Asos, BALFOUR BEATTY, Ocado Plc, Zoo Digital,
LSE:ASC Asos. Close Mid-Price: 394.5 Percentage Change: + 0.00% Day High: 401 Day Low: 392.5
In the event of ASC share price managing to exceed 401 (please, not an in ……..
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View Previous Asos & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 922.5 Percentage Change: + 0.00% Day High: 948 Day Low: 920.5
The next task for BALFOUR BEATTY is to get the price above 948 (not with ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 257.4 Percentage Change: + 0.00% Day High: 266 Day Low: 253
Simply managing to get the share price above 266 is the next hurdle for O ……..
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View Previous Ocado Plc & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 14.25 Percentage Change: + 0.00% Day High: 14.25 Day Low: 12.75
In the event of ZOO share price managing to exceed 14.25 (please, not an ……..
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View Previous Zoo Digital & Big Picture ***
*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.
Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AML Aston Martin** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:ONT Oxford Nanopore Tech** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SAGA SAGA Plc** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **
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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!
Risk Warning & Notice to Investors
Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Trends and Targets Ltd, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.