Trends and Targets's blog

Precogz Daily Forecast for 17/10/2012

Like the DOW JONES on Monday evening, the FTSE managed to meet target on Tuesday, even slightly outperforming it. The map of closing prices for the FTSE now suggests the next closing target at 5893 with 5921 possible intraday. Legislating against this movement occurring immediately, the DJ essentially flatlined last night, failing to make it above 13556 which would have provided sufficient oomph for 13586. This weakness tends to hint, should DOW futures sink below 13524, the FTSE will tend to experience a pretty morose day.

Precogz Daily Forecast for 16/10/2012

 Thank goodness for Mondays. It only took the FTSE a few minutes to escape above the drop zone and remove the immediate scenario which pointed to an absolutely foul day. Equally amusing is what occurred with the Dow Jones last night. Once London had closed, the DJ managed to overperform itself, very slightly. This tends to indicate a huge drop is no longer on the cards.

Precogz Daily Forecast for 15/10/2012

We've a bit of a problem with the Dow Jones at present. Essentially, it has a bottom target at 13166 and would require to CLOSE above 13416 to make a nonsense of such an aim. As a result, we're tending to weight our recovery potentials on UK market stocks with a degree of caution. Just as things tend not to go straight up, equally, straight down is not always the easiest option even when the ruling trend points to a target 200 points below current.

Precogz Forecast for 12/10/2012

No idea what drugs the FTSE took on Thursday! All normal logic suggested gloom and it somehow managed to kill the immediate misery with a move above 5810. Whereas the DOW JONES continues on a drunken path toward a bottom potential at 13165. It's quite unusual for the two indices to wander off in different directions and in this instance, we suspect the DJI movement will be the ruling trend. Perhaps we're being too cynical in suggesting the FTSE is being driven up to ensure it does not fall as far!

Precogz Daily Forecast for 4/10/2012

FTSE movement above 5844 remains with the potential of providing some entertainment. Fans of chart pattern 'double bottom' arithmetic will assume a 30 point rise is available. We compute target at 5896.
As usual, there's a problem. Movement intraday below yesterdays opening level on the FTSE (5785) suggests 5764 with secondary at 5731.
It's worth remembering, in addition to Euroshambles nonsense, the US Weekly jobs numbers are at 1:30pm today and this will tend to provide some sort of irrational market movement.

Precogz Daily Forecast for 3/10/2012

Tuesday will be remembered as the day GOLD didn't really go up. Interestingly, it didn't drop below 1775 either which means the logic for a rise to targets remains intact. As for the FTSE, opening it low spoiled all sorts of scenario' and led to a confusing day with a majority of shares marching on the spot, along with the market as a whole. Once again for the FTSE, movement below 5793 has the potential of drifting the index back to 5763 with secondary a further 20 points further down.

Precogz Daily Forecast for 2/10/2012

Our slightly dull market outlook is enhanced from a glance at the performance of GOLD  recently as it signals a path toward 1818USD next with the potential for a stutter at 1809. At time of writing, GOLD is 1779.8 and the commodity need only drop below 1775 to cancel these potentials for the near term future. Essentially, if money is going on Gold, the stock market will tend to underperform.

Precogz Forum Requests 01/10/2012

On Tuesday 2nd October, there will be no requests published. Back to normal on Wednesday tho'. Sorry.

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.

 

Precogz Daily Forecast for 1/10/2012

The massive Monday outlook is larger than ever, now covering 52 shares. In completing weekend analysis, few stocks provided either any confidence for the future nor notice of immediate dangers. As a result, whatever Euroshambles event is next planned can be anticipated to drive the markets. We note the EURO/US Dollar relationship achieved our target on Friday before falling back. A grain of encouragement came from the fact the movement even exceeded - slightly - our upper target before the retrace occurred. Perhaps this signals a few good days for the stock markets are possible.

Precogz Forum Requests 28/09/2012

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.

 

LSE:AVN - Avanti Com - Close Mid-Price, 354.25p 2.09%. High: 361.5p. Low: 354.25p.

It's not really doing much interesting. Close below 345=bad=315p Close above 372=good=395 ***

 

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