Trends and Targets for 16/03/2018

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FTSE FOR FRIDAY (FTSE:UKX) A bunch of folk requested we add the Nasdaq to our daily index analysis. This seemingly simple request was to prove a bit awkward in filling, due to disparity amongst various feeds. Finally though, we're happy at what we're looking at but it has thrown up a little problem.

Unlike the DOW & SP500, the NASDAQ has not been outperforming itself when we step back and review its Big Picture potentials. Quite the opposite in fact as it's still got a little bit to go before we find ourselves scratching our heads. Currently trading around 7031 points, it certainly looks capable of some stumbles around the 7409 point. Secondary, if bettered (ever), comes along at 8570 points - above which we're currently clueless! This index needs fall below 6275 points, just to indicate the immediate rate of acceleration has eased.

As for Fridays FTSE, this week has been truly confusing with the market proving exceedingly difficult to read. The problem remains, there are more arguments wanting to pressure the index downward than upward as the index currently requires above 7255 points, just to stop us talking about drops into the 6800's.

Near term, there's little doubt in our calculation which suggests anything now below 7120 points should generate weakness toward an initial useless 7100 points. Secondary, if broken, calculates at 7050 points. The tightest possible stop looks like 7190 points.

Alternately, if some miracle can now drive the index above 7190 points, we're looking for growth to an initial 7230 points with secondary, if bettered, at 7250 points. Stop can be at 7120, the above paragraphs trigger level!

Have a good weekend.

 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


10:33:56PM

GOLD

1316.94

               

10:36:07PM

BRENT

64.93

               

10:38:00PM

US CRUD

61.2

60.84

60.565

60.23

61.5

61.5

61.89

62.47

60.8



10:49:13PM

FTSE

7143

               

10:53:29PM

FRANCE

5272

               

10:56:19PM

GERMANY

12378

               

Success


11:02:20PM

US500

2753.37

               

11:05:03PM

DOW

24917

               

11:06:41PM

NASDAQ

7051

               

11:11:45PM

JAPAN

21809

21518

21427.5

21210

21822

21822

21884.5

21969

21693


 

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:ASC Asos** **LSE:CBUY Cloudbuy** **LSE:HIK Hikma** **LSE:OXIG Oxford Instruments** **LSE:RED REDT** **LSE:RTHM Rythm One** **LSE:TSCO Tesco** **

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Updated charts published on : Asos, Cloudbuy, Hikma, Oxford Instruments, REDT, Rythm One, Tesco,


LSE:ASCLSE:ASC Asos. Close Mid-Price: 7730 Percentage Change: + 2.87% Day High: 7770 Day Low: 7504

Target Met. This is getting interesting now as further movement above 777 ........

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View Previous Asos & Big Picture ***


LSE:CBUYLSE:CBUY Cloudbuy. Close Mid-Price: 4.8 Percentage Change: + 2.13% Day High: 4.8 Day Low: 4.7

Continued movement bettering 4.8 now suggests growth to an initial 5.5p wi ........

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View Previous Cloudbuy & Big Picture ***


LSE:HIKLSE:HIK Hikma. Close Mid-Price: 1105 Percentage Change: + 18.95% Day High: 1143 Day Low: 960.8

Target Met. That seemed to take ages. Further growth above 1143 points at ........

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View Previous Hikma & Big Picture ***


LSE:OXIGLSE:OXIG Oxford Instruments. Close Mid-Price: 723 Percentage Change: + 2.99% Day High: 733 Day Low: 680

The share price still appears stuffed with weakness below 680 pointing at ........

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View Previous Oxford Instruments & Big Picture ***


LSE:RED REDT Close Mid-Price: 6.4 Percentage Change: -3.76% Day High: 6.65 Day Low: 6.4

Weakness now felt below 6.4 still signals traffic in the direction of 5.8 ........

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View Previous REDT & Big Picture ***


LSE:RTHM Rythm One Close Mid-Price: 195 Percentage Change: -2.50% Day High: 208 Day Low: 192

Target Met. Now below 192 and we still can hope for a bounce at 178p. Crit ........

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View Previous Rythm One & Big Picture ***


LSE:TSCOLSE:TSCO Tesco. Close Mid-Price: 214 Percentage Change: + 1.76% Day High: 217.3 Day Low: 213

Target Met. This is starting to looks hopeful. Closure above 215 will conf ........

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View Previous Tesco & 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:AV. Aviva** **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:CAR Carclo** **LSE:CASP Caspian** **LSE:CEY Centamin** **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:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **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: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: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:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **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: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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