Trends and Targets for 13/04/2018

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FTSE FOR FRIDAY & A BITCOIN SNARL (FTSE:UKX) Just for curiousity, we opened a demo trading account to try something with Bitcoin, essentially displaying similar fascination as a moth and a flame. The market is, in our opinion, utterly crooked! Firstly, there was the small matter of an immediate 50 quid loss...

This was easily explained, due to the product having a wide spread. So, a SELL order was immediately underwater, needing move by 50 points before the trade was at break even. This was not really a problem as the entry was in expectation of reversal down to 7375 eventually. We'd placed a silly wide stop loss, quite forgetting to take cognisance of the silly wide spread. A fairly large oops moment ensued as the product experienced similar spikes upward to those faced with Forex - another market we distrust immensely.

No worries, we entered the trade again as we're playing with imaginary money. This time, we had factored in the spread and calculated 7,940 would be safe. For a few seconds at 10pm, the market took Bitcoin 9 points above our calculation, falling back immediately and kept falling. This is why we hate Forex as it almost seems "they" use similar formula to ourselves, then add a couple of points for good measure.

Suffice to say Bitcoin remains called BitCon, at least around us.

As for the FTSE and FRIDAY, we are seeing early warning signs the UK market intends strengthen. Since the index finally made it above our 7217 point trigger earlier this week, it has launched upward in fits and starts. The immediate situation is of movement new term above 7269 points now suggesting growth toward an initial 7298 points with secondary, if bettered, at 7356 points. If triggered, stop can be dumped down around 7207 points.

What happens if 7207 breaks?

Hopefully very little as there are some suggestions the FTSE is entering a cycle above 7,500 points currently. It results in the situation where we tend expect drop targets to fail.

If we choose to take a threat of weakness seriously, below 7207 is supposed to bring 7191 points initially. An utterly useless trade, made only slightly attractive by the stop loss at 7240. But if 7191 breaks, there's a chance weakness shall become serious, allowing the FTSE to drip down toward 7159 points.

Have a good weekend. We shall continue to have Bitcon nightmares!

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


10:35:03PM

BRENT

71.87

70.28

69.8

   

72.86

73.345

   

'cess


10:51:15PM

GOLD

1335

1333.75

1330

   

1354

1367.25

   

10:53:21PM

FTSE

7270.15

7229

7221

   

7272

7277

   

11:09:11PM

FRANCE

5310.7

5284

5279.25

   

5313

5319

   

11:10:46PM

GERMANY

12414

12256

12179

   

12437

12461.5

   

'cess


11:13:38PM

US500

2661.37

2634

2621.5

   

2675

2688.5

   

Success


11:15:23PM

DOW

24470

24390

24312.5

   

24594

24641.25

   

'cess


11:17:38PM

NASDAQ

6657.87

6610

6581.5

   

6686

6730.25

   

'cess


11:19:24PM

JAPAN

21780

21679

21657.25

   

21819

21846

   

 

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

 

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:AV. Aviva** **LSE:CAR Carclo** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:LLOY Lloyds Grp.** **LSE:OXIG Oxford Instruments** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **LSE:VEC Vectura** **LSE:VED Vedanta** **

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Updated charts published on : Aviva, Carclo, MAN, Firstgroup, Lloyds Grp., Oxford Instruments, Sainsbury, Tesco, Vectura, Vedanta,


LSE:AV.LSE:AV. Aviva. Close Mid-Price: 509.6 Percentage Change: + 1.51% Day High: 510 Day Low: 502.8

2018=70

This appears to be trying a great escape as the closest to our 470 thought ........

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View Previous Aviva & Big Picture ***


LSE:CARLSE:CAR Carclo. Close Mid-Price: 95 Percentage Change: + 4.40% Day High: 95 Day Low: 90.2

2018=70

This is perhaps about to become interesting as above 95 indicates 100p nex ........

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View Previous Carclo & Big Picture ***


LSE:EMGLSE:EMG MAN. Close Mid-Price: 189.5 Percentage Change: + 7.98% Day High: 191.55 Day Low: 177.4

2018=35

This appears to be attempting a great escape as above 192 now indicates mo ........

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View Previous MAN & Big Picture ***


LSE:FGPLSE:FGP Firstgroup. Close Mid-Price: 110.1 Percentage Change: + 8.15% Day High: 113 Day Low: 103.7

2018=23

Above 113 remains with a target of 115 looking able to promote a stutter. ........

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View Previous Firstgroup & Big Picture ***


LSE:LLOYLSE:LLOY Lloyds Grp.. Close Mid-Price: 68.15 Percentage Change: + 1.70% Day High: 68.12 Day Low: 67

2018=23

Target Met. Moves now above 68.12 indicate 70p next with secondary, if bet ........

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View Previous Lloyds Grp. & Big Picture ***


LSE:OXIGLSE:OXIG Oxford Instruments. Close Mid-Price: 940 Percentage Change: + 7.92% Day High: 970 Day Low: 884

2018=10

Target Met. Moves now above 970 indicate 1005 next which is believable. Se ........

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View Previous Oxford Instruments & Big Picture ***


LSE:SBRYLSE:SBRY Sainsbury. Close Mid-Price: 253 Percentage Change: + 1.04% Day High: 254 Day Low: 248.9

2018=23

Growth above 254 should still bring an initial 257 with secondary, if bett ........

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View Previous Sainsbury & Big Picture ***


LSE:TSCOLSE:TSCO Tesco. Close Mid-Price: 233.2 Percentage Change: + 3.46% Day High: 234.1 Day Low: 227.5

2018=23

Target Met. This is starting to look fairly useful as above 235 signals ne ........

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View Previous Tesco & Big Picture ***


LSE:VECLSE:VEC Vectura. Close Mid-Price: 90.55 Percentage Change: + 2.90% Day High: 90.15 Day Low: 86.2

2018=14

Now above 91 and a visit to 94 remains sane. Secondary calculates as a lon ........

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View Previous Vectura & Big Picture ***


LSE:VEDLSE:VED Vedanta. Close Mid-Price: 751.4 Percentage Change: + 0.75% Day High: 752.4 Day Low: 723

2018=14

In a slight update of numbers, something seems to be happening here as abo ........

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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:ASC Asos** **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:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EZJ EasyJet** **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:IAG British Airways** **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:LMI LonMin** **LSE:MKS Marks and Spencer** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **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:RBS Royal Bank Scot** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SHP Shire** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TLW Tullow** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **LSE:VOD Vodafone** **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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