Every Friday, through July and August, we’ve been whining about the need for the UK market to actually CLOSE a session above 10,910 points. Rather impressively, the FTSE100 has employed exquisite skill in remaining below our trigger level, certainly managing to sneak above during intraday trade but with remarkable discipline, ensuring each session failed to CLOSE above our trigger level. This has created a situation, where there’s the implicit suggestion closure above 10,910 shall signal a period of positive trade for the FTSE. Visually, what has been created is something we call a Horizontal Trend and generally closure above such a trend line should herald imminent fireworks.
Therefore, from a near term perspective, we’re at the stage of trying to produce target values which should afford the UK market the opportunity to CLOSE above 10,910 points. This being the case, above 10,867 points currently calculates with the potential of a lift to 10,922 points. Despite such a lift intraday, this target level provides nothing new and doesn’t come with an expectation of closure above our trigger level. However, should 10,922 points be exceeded, our “longer term” (or later the same day) secondary calculates at 10,999 points. This should make closure above 10,910 points almost a slam dunk expectation.
Hopefully the current UK Prime Minister hasn’t got any great ideas to surprise the media with. Though we’ve a private suspicion at some point, the idea shall arise of Selling Gibraltar to Spain, the Falklands to Argentina, Northern Ireland to Ireland, and Scotland to Scotland…
Our converse scenario, if things decide to go wrong, suggests weakness below 10,689 risks bringing a visit down to an initial 10,609 points with our secondary, if broken, at 10,509 points and a potential level for a reasonable bounce. Reversals like this shall illustrate a nasty problem, introducing a third level target – if everything else fails – down at 10,289 points and the potential introduction of a price level which should become a pivot until the end of this year.
Anyway, it’s a Grand Prix weekend, the race from Italy giving sufficient excuse for Carbonara for dinner on Sunday while we analyse just what went wrong with Ferrari this time around! Have a good weekend.
FUTURES
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 | 9500.1 | 9342 | 9208 | 9515 | 9635 | 9741 | 9533 | ‘cess | ||
| 11:16:55PM | GOLD | 4473.47 | 4382 | 4375 | 4402 | 4510 | 4520 | 4467 | Success | ||
| 11:28:55PM | FTSE | 10833.8 | 10737 | 10685 | 10777 | 10867 | 10888 | 10828 | Success | ||
| 11:31:53PM | STOX50 | 6380.9 | 6338 | 6320 | 6366 | 6386 | 6393 | 6358 | Success | ||
| 11:35:32PM | GERMANY | 26024.1 | 25788 | 25694 | 25897 | 26047 | 26187 | 25999 | ‘cess | ||
| 11:40:09PM | NASDAQ | 29460.6 | 29434 | 29285 | 29490 | 29527 | 29564 | 29480 | |||
| 11:45:48PM | DOW | 53678 | 53046 | 52743 | 53152 | 53727 | 53761 | 53626 | |||
| 11:49:27PM | US500 | 7746.1 | 7691 | 7684 | 7716 | 7758 | 7772 | 7738 | |||
| 11:53:14PM | JAPAN | 64624 | 63690 | 63620 | 64271 | 64885 | 65350 | 64563 |
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:CNA Centrica** **LSE:GLEN Glencore Xstra** **LSE:NG. National Glib** **LSE:VOD Vodafone** **
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Updated charts published on : Centrica, Glencore Xstra, National Glib, Vodafone,
LSE:CNA Centrica. Close Mid-Price: 148.3 Percentage Change: + 0.00% Day High: 150.4 Day Low: 146.8
If Centrica experiences continued weakness below 146.8, it will invariabl ……..
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View Previous Centrica & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 605.8 Percentage Change: + 0.00% Day High: 614 Day Low: 596.7
If the price of Glencore Xstra manages to move ABOVE 614, initial UP targ ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1146 Percentage Change: + 0.00% Day High: 1154 Day Low: 1130.5
Weakness on National Glib below 1130.5 will invariably lead to 1139p with ……..
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View Previous National Glib & Big Picture ***
LSE:VOD Vodafone. Close Mid-Price: 122.3 Percentage Change: + 0.00% Day High: 124 Day Low: 119.95
Continued trades against VOD with a mid-price ABOVE 124 should improve th ……..
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View Previous Vodafone & 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:ASC Asos** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **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: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:NWG Natwest** **LSE:OCDO Ocado Plc** **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:ZOO Zoo Digital** **
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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.