Trends and Targets for 17/07/2017
FTSE FOR THE WEEK (FTSE:UKX) A Silverstone weekend left us surprisingly concerned at the antics of the 11th team in the pits, the cast of "CARS 3". Every time the camera swung past their garage, no less the EIGHT crash helmets were displayed! The implication is worrying and a bit of a bombshell. It appears Pixars film studio must require small humans to drive cartoon cars. Additionally, the media bring news the UK faces a female Dr Who catastrophe. (Okay, it's the holiday season and we're bored)
Competing with Ferrari in a clown competition is, of course, the FTSE. (For the majority who didn't watch the GP, Ferrari managed to lose tyres in both cars just two laps from the end in a spectacular case of synchronised cock-up) During July, it appears the 7300 has provided a pretty firm floor and we've a growing suspicion the market intends park the FTSE in a range between roughly 7350 and 7450 for a few days. But the visuals continue to suggest a major tripwire awaits if 7300 breaks as 7270 should swiftly follow. But the secondary of 7160 is a bit more scary. Unfortunately, if this one triggers, recent market variations have been so ridiculous is requires at least a 100 point stop.
However, if our suspicion of the market being parked, essentially treading water, proves correct, anything near term above 7420 should prove capable of generating 7450 initially. Secondary, if beaten, is a theoretical 7550 BUT we'd prefer awaiting until the immediate downtrend - currently 7480 - is bettered before allocating any credibility to such an ambition. If this upward movement triggers, the visuals indicate a stop level of 7380 is about the tightest sanely possible.
|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop||Prior|
|9:51:09PM||DOW.||MUST recoil by secondary|
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.
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Section One - Outlook Updated Today. Click here for Section Two - Outlook Remains Valid shares
Click Epic to jump to share: LSE:AMER Amerisur** **LSE:BDEV Barrett Devs** **LSE:EME Empyrean** **LSE:LMI LonMin** **LSE:POLY Polymetal** **LSE:RMG Royal Male** **LSE:SL. Standard Life** **LSE:SXX Sirius Mins** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **
Updated charts published on : Amerisur, Barrett Devs, Empyrean, LonMin, Polymetal, Royal Male, Standard Life, Sirius Mins, Taylor Wimpey, Vodafone,
LSE:AMER Amerisur Close Mid-Price: 16.5 Percentage Change: -5.71% Day High: 17.5 Day Low: 16.75
Target Met. Weakness now below 16.5 points at a "must bounce" region somew ........
LSE:BDEV Barrett Devs Close Mid-Price: 585.5 Percentage Change: -2.50% Day High: 603 Day Low: 584
Now above 603 points at 613p next with secondary, if bettered, at 632p. Th ........
LSE:EMELSE:EME Empyrean. Close Mid-Price: 11.38 Percentage Change: + 0.00% Day High: 12.25 Day Low: 11.38
Above 12.25 still signals 13p next with secondary 16.75 and a fairly major ........
LSE:LMILSE:LMI LonMin. Close Mid-Price: 67.5 Percentage Change: + 6.30% Day High: 67.5 Day Low: 63.5
This is almost interesting as near term above 68p should prove capable of ........
LSE:POLYLSE:POLY Polymetal. Close Mid-Price: 889.5 Percentage Change: + 2.01% Day High: 903 Day Low: 868
Moving above 896 still looks like 933p initially and a challenge of BLUE o ........
LSE:RMG Royal Male Close Mid-Price: 401 Percentage Change: -2.43% Day High: 414.1 Day Low: 398
Now below 498p points at 386 (for the 4th time since 2014) with secondary ........
LSE:SL.LSE:SL. Standard Life. Close Mid-Price: 414.5 Percentage Change: + 0.88% Day High: 416.7 Day Low: 413
Above 417p signals coming oomph to 437 with secondary if bettered, at 452p ........
LSE:SXXLSE:SXX Sirius Mins. Close Mid-Price: 29.2 Percentage Change: + 0.76% Day High: 29.5 Day Low: 28.59
It's probably worth watching for intraday traffice ^up above 32.75 anytime ........
LSE:TW. Taylor Wimpey Close Mid-Price: 180.5 Percentage Change: -1.47% Day High: 185.2 Day Low: 180.3
Continued moves above 186 should provide 188 with secondary 195. Annoyingl ........
LSE:VOD Vodafone Close Mid-Price: 218.8 Downtrend now: 238.315 Uptrend now: 210.54 Percentage Change: -0.93% Day High: 221.3 Day Low: 218.4
At risk of admitting fallibility, we're fairly clueless as to this lots pr ........
*** 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:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **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: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: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:KAZ Kaz Minerals** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **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:QFI Quadrise** **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:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:UKOG UK Oils and Gas** **LSE:VEC Vectura** **LSE:VED Vedanta** **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!
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About the author
Trends and Targets - a new name, but the same old team of analysts with their magic secret software! Formerly Precogz, they provide Interactive Investor’s clients with daily movement forecasts before trading commences, covering nearly 50 of the most popular traded shares.
Note: The analysts cannot give financial advice or strategy solutions. If you want to get hold of them, their email is: [email protected]