Trends and Targets's blog

Trends and Targets for 25/08/2017

FTSE FOR FRIDAY (FTSE:UKX) There's little doubt this week has been grotty with the markets moving slower than a politician trying to issue an apology. From our perspective, the last couple of sessions were signalling some decent upward movements but the reality has been somewhat slow. It's still August though with the inevitable feeling of sluggishness.

Trends and Targets for 24/08/2017

WPP PLC & PROVIDENT FINANCIAL (LSE:WPP & LSE:PFG) This pair of shares, in discovering gravity, provoked a large quantity of emails from folk. Invariably, when a share price is forced down by more than 10% at the open, expecting a reasonable bounce will often prove wasted exercise. Sometimes a price is genuinely forced down to a new trading level, most times not as the market will tend flatten movements before trapping yet another bunch of private investors.

Trends and Targets for 23/08/2017

NATIONAL EXPRESS & the other SIRIUS (LSE:NEX & LSE:SRSP) In a couple of "firsts", we're looking at a share which inspired one of the funniest song lyrics ever (arse... the size of a small countree!) along with another share which isn't even trading, due to a period of suspension. But it is potentially interesting!

Trends and Targets for 22/08/2017

The Pound, The Euro and a Toilet Flush... (FX:GBPEUR) One of the more encouraging signals, when viewing a trend, is spotting when a price is under manual control. We come to this conclusion, generally when the level of market manipulation eases above ridiculous and such is the fable currently being fed by Pound / Euro movements. The chart below shows the last 10 years.

Trends and Targets for 21/08/2017

FTSE FOR THE WEEK (FTSE:UKX) Our Friday outlook was to prove devastatingly accurate, the FTSE bottoming at 7302.47 while our target was 7301.78. Pretty close by any standards and, aside from blowing our trumpet, we're taking some assurance from our drop target not actually being worsened. Even though it was pretty damned close and again, goes some way to explaining why our two FTSE columns are consistently our "best read" despite never mentioning Bruce Forsyth...

Trends and Targets for 18/08/2017

FTSE FOR FRIDAY (FTSE:UKX) Following a week of artificial movements, generated by artificial outrage against artificial politicians, the FTSE closed on Thursday somewhat ambigiously. Strangely, at lunchtime we'd given a client drop parameter from 7398 points to 7382.05 points and the market bounced at 7382.16, so perhaps some strength exists as our target was not broken.

Trends and Targets for 17/08/2017

SKY PLC (LSE:SKY)  There's a saying about "Chicken Little" running around shouting The Sky is Falling and we suspect such a description rather neatly fits ourselves, despite being blissfully clueless about just who Chicken Little was. It's funny, generally when you attempt to cancel a service, you're call is handled by a UK Call Centre who attempts to change your mind. When cancelling SKY, there was a strong suspicion the conversation was being held with a distant country.

Trends and Targets for 16/08/2017

Mears Group (LSE:MER) Recently this company attained a degree of notice and now, with a recent notification regarding profits, it seems the market have a cunning plan. On Monday, the share price closed at 485p and when we woke this morning, it presented itself at 452p. By most standards, a fairly substantial forced movement downward of 6.8%, before any trading actually took place. It seems the market wants to bring this down.

Trends and Targets for 15/08/2017

Trends and Targets for 11/08/2017

FTSE FOR FRIDAY (FTSE:UKX)  Life used to be simple. A request for a rope swing to amuse grandchildren ensured, rather than watching the FTSE, a massive engineering project was undertaken. Didn't we once throw a bit of rope over a branch and tie a handy stick to the bottom? If the rope broke, the stick broke, or the branch broke, it was all part of the fun. Wish I'd stayed indoors watching the FTSE fake everyone out!

Syndicate content