Trends and Targets's blog

 The FTSE managed to perform in a completely extraordinary fashion once again. The chart below shows the market's shambles for the day with a BLUE line which dates back to 23rd May, 2013. A reasonable person would anticipate the market moving above such a point being capable of producing some sort of rise. After all, the Dow Jones has exceeded its own version of this BLUE line and has grown by 150 points. The unanswered question is simple.

Every now and then, we give our charts a pretty border. This is to highlight shares with a chance of becoming interesting in coming days. One such today is JKX but be careful to read the criteria in the commentary as there's a cautionary caveat. The big question we're being asked is obviously, "is the FTSE stuffed or not?". If it manages to close below 6242, we'll be less than optimistic for its prospects in the coming months.

A client asked us to look at a DJi component called Alcoa Inc [NYSE:AA]. The share is on the edge of doing something interesting and movement, ideally closure, above 8.9USD carries the expectation of some moment toward 9.9USD mid-term. Remembering this share does not start growth -  from our perspective - until the price exceeds 16USD, it certainly has plenty of room for movement. As usual, no idea what they do!