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FORMULA ONE, FTSE FOR FRIDAY, and FERRARI too.  (NASDAQ:FWONA, NYSE:RACE, FTSE:UKX) Following the F1 world championship stitch up last year, our interest in GP has dwindled a bit but it's hard to ignore the Silverstone weekend. We've also been wilfully ignoring Liberty Media, the folk who now own F1 as their NASDAQ listing is still "a bit new". But... it's Silverstone, hopefully hosting their penultimate GP - we always wonder at a race track, devoted to motorsports, being unable to cope with people arriving by car.

However, upon hearing the folk who financially backed the NASDAQ listing have now cashed in, there's a good chance the price shall become interesting. LIBERTY MEDIA (NASDAQ:FWONA) price movements since launch in January have proven less than interesting but there's some signs the share could surprise us. Currently trading around 33.21, it need only better 33.5 to arrest the immediate decline, in doing so enter an area where some upward travel becomes possible. Our barometer if 33.5 bettered is to anticipate growth to a fairly lacklustre 35.15.

This is one of these 'key numbers' which, if bettered, will suggest the recent droop was a bottom as above 35.15 it appears sane to anticipate 36.9, perhaps even 38 in the future.

For it all to go horribly wrong, the share needs below 32.4 as weakness toward 30.5 makes sense with secondary 29.5. But for now, we're taking slight encouragement from the share price NOT being trashed despite the initial backers selling their shares.

In the future, it will certainly prove interesting when ALL F1 broadcasts are exclusive to Sky and advertisers see their audience exposure dramatically reduced due to a broadcaster charging premium prices to allow people to watch relentless sponsor/partner advertising.

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FERRARI (NYSE:RACE)  Perhaps due to their less than grotty F1 performance, RACE are now outperforming logic. The market opted to manipulate the price above the highest we'd calculated - 76 (circled) - and it indeed appears a new trend has commenced. The situation now is of movement near term above 93.2 bringing 95.3 into view with secondary, if bettered, coming in at 99.25. While neither ambition is particularly spectacular, perhaps continuing positive results shall bring another upward manipulation gap and make our 99.25 seem conservative.

To spoil the party, Ferrari share price requires tumble below RED (85.5 currently). For now, it is viewed as having ticked all the boxes for 95.3 fairly soon. Hopefully they avoid doing anything silly at Silverstone this weekend.

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FTSE FOR FRIDAY (FTSE:UKX)  Despite it being the holiday season, the market managed inflict a spectacular degree of humiliation this week. We noticed, rather belatedly, the FTSE was trapped between 7300 and 7400, produced a slick graphic and urgently alerted clients what was going on. Within hours, 5 sessions earlier than expected, the FTSE broke trend above 7400 points.

A pretty embarrassing oops moment ensued.

We've updated clients of our hurried rehash of the numbers as it appears the market doesn't intend giving out free gifts during the next 6 weeks of usual "pretend" moves across the marketplace. Near term, it appears anything above 7435 should bring growth to 7455, perhaps even 7472 points.  Unfortunately, due to the prior nonsense before 7400 was bettered, the stop position is almost a "best guess" at 7400 points. To be completely comfortable, we'd prefer mentioning 7304 as the stop position which, frankly, takes risk/reward to new levels of stupidity.

What happens if 7400 breaks?

We're looking at weakness coming to 7375 points with secondary, if broken, at an unlikely looking 7320 points. If triggered, stop can be at 7435 points.

Finally, please remember we're talking about The FTSE above, not after hours FTSE Futures.

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FUTURES

 

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior


10:25:31PM

BRENT

48.48

47.26

46.71

46

47.93

48.65

49.63

50.78

47.55



10:27:51PM

GBPUSD /100

129.4

               

'cess


10:27:51PM

GBPUSD /100.

Changed direction to up!

10:29:58PM

GOLD

1217

               

10:32:31PM

FTSE

7426.77

               

10:35:07PM

FRANCE

5243.5

               

'cess


10:36:45PM

GERMANY

12658

               

10:38:49PM

US500

2448

               

10:41:51PM

DOW

21567

21510

21469

21432

21570

21568

21582

21626

21509



10:41:51PM

DOW.

Short at 21626 and wait

10:43:55PM

JAPAN

20130

20049

20032

19980

20089

20174

20295

20447

20089



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:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:KAZ Kaz Minerals** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:POLY Polymetal** **LSE:QFI Quadrise** **LSE:RMG Royal Male** **LSE:SL. Standard Life** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Barclays, Barrett Devs, Gulf Keystone, Glencore Xstra, Kaz Minerals, Lloyds Grp., Marks and Spencer, Polymetal, Quadrise, Royal Male, Standard Life, Taylor Wimpey,


LSE:BARCLSE:BARC Barclays. Close Mid-Price: 211.3 Percentage Change: + 1.59% Day High: 213.15 Day Low: 208.5

Above 214 signals a very probable 220p with secondary, if bettered, a less ........

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LSE:BDEVLSE:BDEV Barrett Devs. Close Mid-Price: 600.5 Percentage Change: + 1.87% Day High: 601 Day Low: 587.5

Target Met. Now above 601 points at 613p next with secondary, if bettered, ........

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LSE:GKP Gulf Keystone Close Mid-Price: 92.5 Percentage Change: -1.07% Day High: 94.5 Day Low: 92.5

Below 92p still points at 87 where it really must bounce due to a break si ........

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View Previous Gulf Keystone & Big Picture ***


LSE:GLEN Glencore Xstra Close Mid-Price: 314.55 Percentage Change: -0.14% Day High: 319.6 Day Low: 313.4

Up above 320p still suggests 324p shall prove a viable ambition. Secondary ........

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LSE:KAZ Kaz Minerals Close Mid-Price: 578.5 Percentage Change: -1.62% Day High: 594 Day Low: 577

Above 594p still suggests 651p initially with secondary 708p. Visually, it ........

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LSE:LLOYLSE:LLOY Lloyds Grp.. Close Mid-Price: 67.4 Downtrend now: 68.07 Uptrend now: 0 Percentage Change: + 2.06% Day High: 68.09 Day Low: 66.2

Price movement above 68.1 are now pointing at 69.01 next with secondary st ........

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LSE:MKSLSE:MKS Marks and Spencer. Close Mid-Price: 327 Percentage Change: + 3.42% Day High: 328.3 Day Low: 316.1

This certainly appears to be bouncing and above 329 remains signalling 336 ........

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LSE:POLYLSE:POLY Polymetal. Close Mid-Price: 872 Percentage Change: + 0.11% Day High: 896 Day Low: 865

This is showing signs of making an effort to climb as above 896 still look ........

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View Previous Polymetal & Big Picture ***


LSE:QFI Quadrise Close Mid-Price: 2.48 Percentage Change: -13.91% Day High: 2.76 Day Low: 2.41

Target Met. By breaking 2.5 this entered best guess territory as now below ........

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LSE:RMGLSE:RMG Royal Male. Close Mid-Price: 411 Percentage Change: + 1.48% Day High: 412.7 Day Low: 400.5

Weakness now below 400p points at 386 (for the 4th time since 2014) with s ........

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LSE:SL.LSE:SL. Standard Life. Close Mid-Price: 410.9 Percentage Change: + 1.03% Day High: 413.2 Day Low: 406.4

Above 414p signals coming oomph to 437 with secondary if bettered, at 452p ........

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LSE:TW.LSE:TW. Taylor Wimpey. Close Mid-Price: 183.2 Percentage Change: + 3.33% Day High: 184 Day Low: 178.4

If only this had been permitted close a tad higher as movement now above 1 ........

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View Previous Taylor Wimpey & 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:AV. Aviva** **LSE:BBY BALFOUR BEATTY** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:CLLN CARILLION PLC** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **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:LMI LonMin** **LSE:MONI Monitise** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:PMO Premier** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:PPC President Energy** **LSE:RBS Royal Bank Scot** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SGP Supergroup** **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:TSCO Tesco** **LSE:VEC Vectura** **LSE:VED Vedanta** **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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