Trends and Targets for 11/09/2017

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FTSE FOR THE WEEK (FTSE:UKX) A sneaking suspicion the FTSE has been reacting to the US Hurricane business makes us wonder whether any one the US fruitcake element will prove successful is blowing, shooting, praying, or looting the storm away. Watching CNN news, the excitement was palpable when a wheelie bin blew over in Miami 10 hours before the storm made landfall. FTSE behaviour reminds of the old adage, when the US catches cold, the UK develops pneumonia.

If this indeed is the case, the coming week is liable to be trashed by a UK market rushing to the emergency department but to be realistic, we'd refrain from panic unless the FTSE finds sufficient excuse to slither below 7300 points. In fact, if looking for early warning of coming troubles, even below 7350 permits a raised eyebrow. We've some doubts as to whether any storm effects actually shall stick, mainly thanks to so called 'social media' and its ability to illustrate reality despite an entire world media becoming excited due to a Miami wheelie bin falling over in the early hours of Sunday morning, long before the hurricane actually arrived.

So, if the market is in trouble, below 7350 gives early warning whereas if it's all probable fakery but above 7388 gives an early clue of media hysterics being ignored. The interesting aspect is the proximity of both numbers, essentially suggesting the market doesn't have a clue what to do.

Our own thinking is to resort to looking at recent lows as they suggest should the future break below 7300, a drop toward 7250 now makes sense with secondary 7183. And this, unfortunately, takes the index into the realms of lower lows with 7020 proving to be the ruling attraction.

Equally, if we look for "higher highs", while above 7388 gives some hope for an upward break, we'd prefer waiting see the FTSE better 7440 as 7525 looks about right with secondary 7600 points. And as mentioned on Friday, above 7600 represents a game changer for the FTSE with 7,900 possible with secondary, if bettered, at a long term 8,700.

And if you think this means you can go long at 7,388 with a target of 8,700 and a stop just below 7,350... you're on your own. Sometimes we don't take numbers too seriously. And sometimes we regret this flippant attitude.

Chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:21:06PM

BRENT

53.71

53.49

53.035

52.45

54.2

54.2

54.82

55.01

53.5

Shambles

10:25:45PM

US CRUD

47.87

               

10:30:54PM

GOLD

1346.82

               

Success

10:33:45PM

FTSE

7366

               

10:43:55PM

FRANCE

5109

               

10:46:17PM

GERMANY

12295

12243

12192.5

12135

12325

12325

12382.5

12555

12241

'cess

10:48:08PM

US500

2463

               

10:51:36PM

DOW

21819

               

10:54:05PM

JAPAN

19291

               

Success

 

 

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 [email protected] 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:ASC Asos** **LSE:AV. Aviva** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:EME Empyrean** **LSE:IAG British Airways** **LSE:NIPT Premaltha** **LSE:OXIG Oxford Instruments** **LSE:RBS Royal Bank Scot** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:SDY Speedyhire** **LSE:STAN Standard Chartered** **LSE:VOD Vodafone** **

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Updated charts published on : Asos, Aviva, Carclo, Caspian, Empyrean, British Airways, Premaltha, Oxford Instruments, Royal Bank Scot, Rockhopper, Royal Male, Speedyhire, Standard Chartered, Vodafone,


LSE:ASC Asos Close Mid-Price: 5605 Percentage Change: -0.66% Day High: 5674 Day Low: 5541

It starts to feel this intends reach 5096 before any real bounce. Near ter ........

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View Previous Asos & Big Picture ***


LSE:AV.LSE:AV. Aviva. Close Mid-Price: 506 Percentage Change: + 0.20% Day High: 508.5 Day Low: 503

Continued drops below 503p signal 495 with slight bounce potentials, given ........

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View Previous Aviva & Big Picture ***


LSE:CAR Carclo Close Mid-Price: 139.5 Percentage Change: -2.11% Day High: 142.75 Day Low: 140

The point at which this closed is dangerous as below 139.5 allows for 135 ........

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View Previous Carclo & Big Picture ***


LSE:CASP Caspian Close Mid-Price: 6.62 Percentage Change: -1.85% Day High: 6.75 Day Low: 6.38

Below 6.3 suggests 5.3 with secondary a hopeful bounce point of 4.5p. The ........

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View Previous Caspian & Big Picture ***


LSE:EMELSE:EME Empyrean. Close Mid-Price: 21.62 Percentage Change: + 40.65% Day High: 22 Day Low: 16

Target Met. Whatever news provoked this to become Buzz Lightyear has chang ........

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View Previous Empyrean & Big Picture ***


LSE:IAGLSE:IAG British Airways. Close Mid-Price: 593.5 Downtrend now: 611.706 Uptrend now: 0 Percentage Change: + 0.51% Day High: 595 Day Low: 585.5

Weakness below 585p still brings 566p into the frame. Secondary is at 528 ........

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View Previous British Airways & Big Picture ***


LSE:NIPT Premaltha Close Mid-Price: 8.12 Percentage Change: -1.52% Day High: 8.25 Day Low: 7.88

It has taken since March for this to approach our 7.5 for a target met but ........

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View Previous Premaltha & Big Picture ***


LSE:OXIGLSE:OXIG Oxford Instruments. Close Mid-Price: 1138 Percentage Change: + 3.64% Day High: 1143 Day Low: 1118

Target Met. This is now looking capable of moves above 1143 generating an ........

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View Previous Oxford Instruments & Big Picture ***


LSE:RBSLSE:RBS Royal Bank Scot. Close Mid-Price: 244.4 Percentage Change: + 1.33% Day High: 244.5 Day Low: 239.6

This remains with the potential of 237 providing some sort of bounce point ........

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View Previous Royal Bank Scot & Big Picture ***


LSE:RKHLSE:RKH Rockhopper. Close Mid-Price: 23.5 Percentage Change: + 8.05% Day High: 23.25 Day Low: 22

Target Met or close enough as we like where this actually closed the sessi ........

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View Previous Rockhopper & Big Picture ***


LSE:RMG Royal Male Close Mid-Price: 376 Percentage Change: -0.29% Day High: 377.5 Day Low: 370.1

Below 370 remains with 355 showing trampoline potentials. Secondary comes ........

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View Previous Royal Male & Big Picture ***


LSE:SDYLSE:SDY Speedyhire. Close Mid-Price: 52 Percentage Change: + 0.00% Day High: 52 Day Low: 51

Below 51 still hints at 50 with some bounce potential but realistically it ........

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View Previous Speedyhire & Big Picture ***


LSE:STANLSE:STAN Standard Chartered. Close Mid-Price: 740.9 Percentage Change: + 0.05% Day High: 742.9 Day Low: 729.6

Below 729 still points at 720p with some bounce potentials. Secondary, if ........

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View Previous Standard Chartered & Big Picture ***


LSE:VOD Vodafone Close Mid-Price: 213.75 Percentage Change: -0.63% Day High: 214.75 Day Low: 212.9

Further weakness near term below 211 suggests 201p will ideally provide a ........

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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:AFC AFC Energy** **LSE:AGM Applied Graph.** **LSE:AMER Amerisur** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:CLLN CARILLION PLC** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IEH Intelligent energy** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:KAZ Kaz Minerals** **LSE:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MKS Marks and Spencer** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:OPG OPG Power Ventures** **LSE:PMG Parkmead** **LSE:PMO Premier** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RED REDT** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SGP Supergroup** **LSE:SHP Shire** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **LSE:VEC Vectura** **LSE:VED Vedanta** **LSE:VOG VICTORIA** **LSE:WTG Watchstone** **LSE:ZOL Zoldav** **

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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.

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