Trends and Targets's blog

Trends and Targets for 31/05/2017

RED ROCK, COAL OF AFRICA, and CONDOR GOLD (LSE:RRR, LSE:CZA, LSE:CNR)  One of these stupid philosophy questions, "if a tree falls in the forest, does it make a sound if no-one hears it?" sprung to mind when walking the dogs. With a sound like two shotgun blasts, a large pine tree snapped when assaulted by a very slight breeze. My two Golden Retrievers discovered warp speed despite me being rooted in place at the sudden spectacle - 100 yards away.

Trends and Targets for 30/05/2017

FTSE FOR THE WEEK (FTSE:UKX) An unexpected call to assist with a pre-demolition survey was to provide one of the more enjoyable holiday weekends ever experienced. An absurd qualification, forgotten for years, taken to give assistance to a chum was to provide an all expenses fun weekend in the north of Scotland. A journey involving multiple ferries, ridiculous alcohol quantities, finished with the pair of us driving off-road to a long closed business housed in a massive shed far beyond the back of beyond.

Trends and Targets for 26/05/2017

FTSE FOR FRIDAY (FTSE:UKX)  The turmoil of the past week has not, perhaps amazingly, been reflected on the markets. However, with other events throughout Europe, similar resilience has been shown by markets with the somewhat worrying concept of markets becoming "used" to terrorism. We'll prefer take the mindset there's a lot of 'stiff upper lip' going on with the unpleasant background being peoples death do not effect economic considerations.

Trends and Targets for 25/05/2017

FLYBE GROUP (LSE:FLYB) & FERRARI (NYSE:RACE)  FlyBe has been following a pretty solidly defined glide path since 2011 with the price being, frankly, quite boring. The current BLUE downtrend is at roughly 40.128p with a clear suggestion should the share better this level, it's perhaps moving into takeoff territory. But for now, we suspect it faces a hard landing once we exhaust all flight related clichés!

Trends and Targets for 24/05/2017

SIRIUS MINERALS (LSE:SXX) Our prior Sirius outlook (link here) expressed some doubts, verging on hysteria, that Sirius actually CLOSE a session above 31p to permit confidence for the future.  It certainly managed the lame move from 23 to our initial 26p target without much drama but aside from providing a textbook case of "this is why we give two targets" by reversing from 26p, the share price has since managed similar integrity to Mrs May's firm policy statements - temporary at best!

Trends and Targets for 23/05/2017

GAME DIGITAL (LSE:GMD) & #Nutters Hashtag Nutters is a reference to ourselves and a favourite area of irritation. The "Alphabet Game" which the stock market often indulges; earlier alphabet entries being more active, has once again made itself known. In shares we monitor, 131 "A-M" shares feature against just 81 "N-Z" stocks so far in May. The conclusion remains, if you want a faster mover then look at the first half of the alphabet.

Trends and Targets for 22/05/2017

FTSE FOR THIS WEEK (FTSE:UKX) If needing cheered up as a result of the deluge of political drivel, why not try adding technical indicators to charts. Like Christmas Tree ornaments they cheer up an otherwise boring outlook - except for one rather important detail which is now making itself known. We DO NOT use any technical indicators though if we had to use just one, Stochastic can sometimes prove useful; they do need "tuned" separately for each instrument.

Trends and Targets for 19/05/2017

FTSE FOR FRIDAY & GOLD too (FTSE:UKX & GOLD)  We don't usually cover GOLD in this section but something ridiculous happened Thursday which proved worthy of mention. When we issue our lunchtime FUTURES update, sometimes we highlight an item as BOLD to hint it's a complete "no brainer" trade. And sometimes, when we do this, we cover our posterior by giving a contrary view, just in case the market reacts against our projection. Guess what, it did!

Trends and Targets for 18/05/2017

HOWDEN JOINERY (LSE:HWDN) Every now and then, we get a bunch of emails asking about a share we tend ignore. Sometimes, this grouping of interest can suggest news is brewing, sometimes it suggests someone is talking rubbish in discussion forums. And sometimes it's because it's a bank and we've ignored it again. Howdens is perhaps presenting a different picture, one worth keeping an eye on.

Trends and Targets for 17/05/2017

FTSE UPDATE (FTSE:UKX) Legend has it Scotland once played Brazil in a World Cup game and a Scottish footballer scored the first goal. He was berated by his team mates for "making them angry". The FTSE appeared to experience similar emotion when it broke into the 7500's with the result after hours futures have been a laugh with - at time of writing - a ridiculous 8 point range in 4 hours. If the market could talk, would it say "I didn't mean to break 7500...?" Or is it a lure for folks to open shorts?

Syndicate content