Trends and Targets for 12/02/2018

The spam filter installed on this site is currently unavailable. Per site policy, we are unable to accept new submissions until that problem is resolved. Please try resubmitting the form in a couple of minutes.
Share this

FTSE THIS WEEK (FTSE:UKX) We should find a way of building our articles which gives folks an idea of which bit to read. Due to our habit of giving "if x then y" and "if a then b" scenario, it would be useful if we could always position each scenario in a way which told the reader what to expect.

Taking us down this road are our two FTSE headline analysis from last week, each of which has proven rather prescient. Our throwaway comment on Friday of the FTSE being capable of slithering down to the 7,000 level actually transpired in FTSE Futures during the evening as 6980 made a guest appearance for a few seconds. Then FTSE Futures bounced by a remarkable 180 points. The Futures market tucked themselves up for the weekend, almost as if nothing had happened! It really was not a pretty sight to behold.

The immediate situation suggests the FTSE intends travel to the 6,800 level before we can hope for a bounce. The problem comes if 6,790 is breached as it ticks a box pointing at the risk of continued weakness making itself known, perhaps down toward 6650 before a real bounce can be hoped.

One odd thing, perhaps giving some hope, is the uptrend since the BREXIT vote. The FTSE hit it, then bounced, on Friday. But unfortunately, by just 7 points, it did break the trend during the session as it should have bounced at 7077.324 (roughly).

As the foregoing is the drop scenario, we expect the 6,800 level but are considerably less comfortable proposing 6,650. Additionally, we've shown the Uptrend Since 2009 which suggests "headless chicken mode" be engaged below 6,100 points currently.

On a more optimistic note, the FTSE did appear to bounce off the Brexit Uptrend, despite the behaviour of FTSE Futures after hours on Friday 9th. In addition, there have been some pretty strange market movements, all of which conspire to suggest the immediate drop is being coerced. The circled minute by minute 50 points a day managed decline on the FTSE from January 29th through to February 2nd alone merits a stewards enquiry.

As we've said repeatedly, this sort of nonsense will often provide sharp and vivid changes of direction and for the FTSE, the market requires better 7,200 points to escape the immediate drop trend.

So, if the FTSE somehow pulls a rabbit from a hat, what happens if 7,200 is bettered?

Initially, we are looking for a movement above 7265 which will serve to tick the first "Bottom is In" box. Our secondary is a rather more interesting 7,400 points, placing the FTSE firmly in a zone where we can dream of a future 7,550 or so.

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

--

10:57:42PM

BRENT

62.48

               

Success

Dn

11:00:49PM

US CRUD

58.89

57.97

56.92

55.7

59.6

59.76

60.415

61.23

58.6

Success

--

11:02:33PM

GOLD

1314.7

               

Dn

11:05:11PM

FTSE

7138.93

               

'cess

--

11:08:50PM

FRANCE

5108

               

Success

--

11:12:27PM

GERMANY

12252

               

Shambles

--

11:17:39PM

US500

2627

2531

2502

2427

2610

2639

2648

2687

2585

Success

--

11:23:10PM

DOW

24316

               

'cess

Dn

11:25:56PM

JAPAN

21287

               

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:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:FOXT Foxtons** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:KAZ Kaz Minerals** **LSE:PMO Premier** **LSE:RBS Royal Bank Scot** **LSE:RED REDT** **LSE:SCLP Scancell** **LSE:SHP Shire** **LSE:SUMM Summit** **LSE:TLW Tullow** **LSE:VED Vedanta** **

********

Updated charts published on : Asos, Aviva, BALFOUR BEATTY, BP PLC, British Telecom, Foxtons, Hikma, Hargreaves Lansdown, British Airways, Kaz Minerals, Premier, Royal Bank Scot, REDT, Scancell, Shire, Summit, Tullow, Vedanta,


LSE:ASC Asos Close Mid-Price: 6638 Percentage Change: -2.09% Day High: 6800 Day Low: 6636

Weakness below 6636 remains pointing down at 6543 initially with secondary ........

Subscribe for more

View Previous Asos & Big Picture ***


LSE:AV. Aviva Close Mid-Price: 486.5 Percentage Change: -1.40% Day High: 493.5 Day Low: 484.8

Continued weakness now below 484 still is suggesting 480 next with seconda ........

Subscribe for more

View Previous Aviva & Big Picture ***


LSE:BBY BALFOUR BEATTY Close Mid-Price: 267 Percentage Change: -0.78% Day High: 273.2 Day Low: 265.7

As we'd feared, the movement above the trigger level appears to be fake. F ........

Subscribe for more

View Previous BALFOUR BEATTY & Big Picture ***


LSE:BP. BP PLC Close Mid-Price: 470.05 Percentage Change: -2.30% Day High: 479.35 Day Low: 466.8

Weakness continuing below 466 now shows a price of 464 with some slight bo ........

Subscribe for more

View Previous BP PLC & Big Picture ***


LSE:BT.A British Telecom Close Mid-Price: 230.95 Percentage Change: -1.93% Day High: 235.55 Day Low: 230.2

Weakness now below 230 still suggests travel down to 225 next with seconda ........

Subscribe for more

View Previous British Telecom & Big Picture ***


LSE:FOXTLSE:FOXT Foxtons. Close Mid-Price: 74 Percentage Change: + 2.64% Day High: 76.5 Day Low: 71.5

This situation remains that should the immediate target of 77.5 be bettere ........

Subscribe for more

View Previous Foxtons & Big Picture ***


LSE:HIK Hikma Close Mid-Price: 862 Percentage Change: -3.30% Day High: 885.8 Day Low: 840.6

Target Met. Further drizzles below 840 now suggest 776 with slight fake bo ........

Subscribe for more

View Previous Hikma & Big Picture ***


LSE:HL. Hargreaves Lansdown Close Mid-Price: 1677 Percentage Change: -2.30% Day High: 1723 Day Low: 1673.5

This is getting a little concerning as weakness below 1673 points at 1664 ........

Subscribe for more

View Previous Hargreaves Lansdown & Big Picture ***


LSE:IAG British Airways Close Mid-Price: 591.4 Percentage Change: -0.87% Day High: 599.4 Day Low: 589.6

Weakness below 589 still suggests a dip to 575 next with secondary 537p. ........

Subscribe for more

View Previous British Airways & Big Picture ***


LSE:KAZLSE:KAZ Kaz Minerals. Close Mid-Price: 765.4 Percentage Change: + 0.71% Day High: 768.8 Day Low: 744.4

Continued leakage below 744 still signals travel to 715 next with seconda ........

Subscribe for more

View Previous Kaz Minerals & Big Picture ***


LSE:PMO Premier Close Mid-Price: 72.65 Percentage Change: -6.80% Day High: 77.85 Day Low: 72.4

This is not looking brilliant as weakness continuing below 72 suggests 68 ........

Subscribe for more

View Previous Premier & Big Picture ***


LSE:RBS Royal Bank Scot Close Mid-Price: 274.5 Percentage Change: -3.21% Day High: 283.6 Day Low: 273.5

Target Met. Weakness continuing below 271 indicates travel down to 265 nex ........

Subscribe for more

View Previous Royal Bank Scot & Big Picture ***


LSE:RED REDT Close Mid-Price: 6.8 Percentage Change: -2.16% Day High: 6.95 Day Low: 6.9

Weakness now felt below 6.8 signals traffic in the direction of 5.8 next a ........

Subscribe for more

View Previous REDT & Big Picture ***


LSE:SCLPLSE:SCLP Scancell. Close Mid-Price: 13.2 Percentage Change: + 7.76% Day High: 14 Day Low: 12.5

Guess someone fed this Red Bull as it seems to have started flying. Above ........

Subscribe for more

View Previous Scancell & Big Picture ***


LSE:SHP Shire Close Mid-Price: 3075 Percentage Change: -0.60% Day High: 3096 Day Low: 3034

This appears to be drawing attention to itself for the wrong reasons as we ........

Subscribe for more

View Previous Shire & Big Picture ***


LSE:SUMM Summit Close Mid-Price: 162.5 Percentage Change: -7.14% Day High: 172.5 Day Low: 162.5

Target Met. Further weakness down below 162 makes a trip to 150 seem viabl ........

Subscribe for more

View Previous Summit & Big Picture ***


LSE:TLW Tullow Close Mid-Price: 175.45 Percentage Change: -3.09% Day High: 181.95 Day Low: 174

Target Met. Or near enough. Weakness now below 173 points at 160 initially ........

Subscribe for more

View Previous Tullow & Big Picture ***


LSE:VED Vedanta Close Mid-Price: 701.4 Percentage Change: -3.60% Day High: 728.2 Day Low: 697.2

Target Met. Or near enough. Below 695p now brings 634 with some sort of bo ........

Subscribe for more

View Previous Vedanta & 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:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:BPC Bahamas Pet** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HSBA HSBC** **LSE:HUR Hurrican 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:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MKS Marks and Spencer** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SDY Speedyhire** **LSE:SGP Supergroup** **LSE:STAN Standard Chartered** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **LSE:VEC Vectura** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:WTG Watchstone** **LSE:ZOL Zoldav** **

********


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.

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
481196