Trends and Targets for 17/07/2017

Share this

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.

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
9:29:06PM BRENT 49.15 48 47.76 47.28 48.48 49.2 49.63 51.51 48

9:32:30PM GBPUSD /100 130.99                 Success
9:34:18PM GOLD 1229.09                 'cess
9:37:57PM FTSE 7400.98                 Success
9:37:57PM FTSE. Monday downday
9:40:56PM FRANCE 5241                

9:43:53PM GERMANY 12662.2 12560 12523.5 12472 12650 12665 12705.5 12749 12595

9:47:23PM US500 2459.32                 Success
9:51:09PM DOW 21660                 Success
9:51:09PM DOW. MUST recoil by secondary
9:53:20PM JAPAN 20041                 'cess

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: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 ........

Subscribe for more

View Previous Amerisur & Big Picture ***


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 ........

Subscribe for more

View Previous Barrett Devs & Big Picture ***


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 ........

Subscribe for more

View Previous Empyrean & Big Picture ***


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 ........

Subscribe for more

View Previous LonMin & Big Picture ***


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 ........

Subscribe for more

View Previous Polymetal & Big Picture ***


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 ........

Subscribe for more

View Previous Royal Male & Big Picture ***


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 ........

Subscribe for more

View Previous Standard Life & Big Picture ***


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 ........

Subscribe for more

View Previous Sirius Mins & Big Picture ***


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 ........

Subscribe for more

View Previous Taylor Wimpey & Big Picture ***


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 ........

Subscribe for more

View Previous Vodafone & 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: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!

 

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.
Type the characters you see in this picture. (verify using audio)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated. Not case sensitive.
429538