Trends and Targets for 23/03/2018

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FTSE FOR FRIDAY (FTSE:UKX)  Hopefully, one good thing to come from the "Ant & Dec" debacle shall be the demise of their Australian based 'I'm a Nonentity' program. It's existence colours opinions of an entire fabulous country - hosting F1 this weekend - and also an excuse to review the ASX too.

Something quite odd has been going on with the Aussie indice. It finally achieved our big picture target of 6002, managing to eventually better target by 150 points toward the end of last year. Since then, it has been a little crazy, fuelling a strong suspicion any weakness now below 5875 shall drive the market back to 5,703 points.

The visuals suggest it should be reasonable to hope for some sort of bounce at the 5700 level as the implication of movement below BLUE is quite nasty, allowing for 5485 initially. This would prove a really bad thing as it comes with unwanted baggage which threatens the uptrend since the crash of 2009.

Any bounce from the 5700 level, capable of bettering the prior highs at 6150, should prove important, launching the market toward a longer term 6950 points.

Chart goes here

As for the FTSE for Friday, another fitting F word springs to mind as the market is certainly not playing ball. Weakness now continuing below 6913 points enters a slippery slope toward 6870 next with secondary, when broken, down at around 6810 points - a very familiar number for regular readers.

Experience has taught there's something almost magnetic about these Big Picture numbers as we've been whinging about the 6,800 level for months, 'knowing' the market wanted to make its way there and only requiring a suitable excuse.

Alas, achieving 6,800 will provide absolutely no certainty of a near term bounce. The market needs exceed 7130 just to escape the immediate March downtrend, a feat which if triggered allows recovery toward 7185 points initially. Secondary, if bettered, is an almost certain 7250 points.

But in our heart of hearts, we really expect 6,800 or so before hoping sanity shall prevail.

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


10:06:37PM

BRENT

68.43

             

66.67



10:08:47PM

US CRUD

64.1

62.95

62.5

61.44

63.96

65.66

66.32

68.46

62.95



10:11:15PM

GOLD

1330.51

             

1324



10:15:28PM

FTSE

6901

             

6913

Success

 

10:15:28PM

FTSE.

Could hit xxxx

             


10:22:21PM

FRANCE

5112

             

5116

Success


10:26:11PM

GERMANY

11984

             

12010

Success


10:29:08PM

US500

2640.42

             

2693

Success


10:34:30PM

DOW

23913

             

24160

Success


10:36:56PM

NASDAQ

6653

6648

6611

6420

6825

6825

6867.5

6941

6698

Success


10:39:54PM

JAPAN

20767

             

21023

Success

 

 

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:BT.A British Telecom** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:HSBA HSBC** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:POLY Polymetal** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **LSE:VOD Vodafone** **

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Updated charts published on : British Telecom, Fresnillo, Genel, HSBC, IG Group, Intercontinental Hotels Group, ITV, Lloyds Grp., Marks and Spencer, Polymetal, Rythm One, Sainsbury, Standard Chartered, Tullow, Vodafone,


LSE:BT.A British Telecom Close Mid-Price: 218.85 Percentage Change: -1.40% Day High: 221.45 Day Low: 216.4

2018=38%

Target Met. Continued disconnect below 216 remains with 208 next with seco ........

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View Previous British Telecom & Big Picture ***


LSE:FRES Fresnillo Close Mid-Price: 1159.5 Percentage Change: -2.07% Day High: 1192.5 Day Low: 1150.5

2018=25%

Further weakness below 1150 still indicates travel down to 1130 next with ........

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View Previous Fresnillo & Big Picture ***


LSE:GENL Genel Close Mid-Price: 152.2 Percentage Change: -4.64% Day High: 163.8 Day Low: 151.8

2018=21%

Target Met. Now above 164 and travel toward a pretty confident 187p makes ........

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View Previous Genel & Big Picture ***


LSE:HSBA HSBC Close Mid-Price: 677.9 Percentage Change: -2.32% Day High: 700.76 Day Low: 675.3

2018=27%

Target Met. Further dribbles below 675 still suggest 654p with bounce pote ........

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View Previous HSBC & Big Picture ***


LSE:IGGLSE:IGG IG Group. Close Mid-Price: 841 Percentage Change: + 2.87% Day High: 868.5 Day Low: 823.5

2018=29%

Target Met. We still anticipate some hesitation around the current point, ........

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View Previous IG Group & Big Picture ***


LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4411 Percentage Change: -1.43% Day High: 4479 Day Low: 4394

2018=40%

Weakness continuing below 4394 still points downhill to 4352 next with som ........

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View Previous Intercontinental Hotels Group & Big Picture ***


LSE:ITVLSE:ITV ITV. Close Mid-Price: 144.75 Percentage Change: + 1.29% Day High: 144.85 Day Low: 141.4

2018=23%

This is still really nasty as below 141 indicates 132 next with secondary ........

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View Previous ITV & Big Picture ***


LSE:LLOY Lloyds Grp. Close Mid-Price: 66.06 Percentage Change: -1.64% Day High: 67.11 Day Low: 65.69

2018=14%

There are still indications of movement now below 65.5 bringing travel dow ........

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View Previous Lloyds Grp. & Big Picture ***


LSE:MKS Marks and Spencer Close Mid-Price: 265.3 Percentage Change: -1.70% Day High: 274 Day Low: 262.3

2018=60%

Target Met. This has gotten nastier than blue jeans from Tesco! The share ........

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View Previous Marks and Spencer & Big Picture ***


LSE:POLY Polymetal Close Mid-Price: 727.8 Percentage Change: -0.52% Day High: 740.4 Day Low: 722

2018=8%

This has remained on the dark side with weakness below 722 signalling 706 ........

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View Previous Polymetal & Big Picture ***


LSE:RTHMLSE:RTHM Rythm One. Close Mid-Price: 180 Percentage Change: + 2.27% Day High: 188 Day Low: 170

2018=40%

Target Met. Below 170 now indicates 145 initially with secondary still at ........

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View Previous Rythm One & Big Picture ***


LSE:SBRY Sainsbury Close Mid-Price: 229 Percentage Change: -1.29% Day High: 231.7 Day Low: 227.9

2018=33%

Below 227p indicates a fake bounce coming at 224 but realistically, it app ........

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View Previous Sainsbury & Big Picture ***


LSE:STAN Standard Chartered Close Mid-Price: 727.1 Percentage Change: -2.68% Day High: 741.4 Day Low: 723.3

2018=23%

Ongoing weakness below 723 remains pointing at 705 as a very probable boun ........

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View Previous Standard Chartered & Big Picture ***


LSE:TLW Tullow Close Mid-Price: 189.75 Percentage Change: -2.54% Day High: 198.95 Day Low: 186.85

2018=33%

Target Met. This is mildly interesting as above 199 now points at 202 next ........

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View Previous Tullow & Big Picture ***


LSE:VOD Vodafone Close Mid-Price: 192.36 Percentage Change: -2.27% Day High: 196.7 Day Low: 191.18

2018=17%

Target Met. Weakness now below 191p still points down at 189p next with se ........

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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:AMER Amerisur** **LSE:ASC Asos** **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:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:KAZ Kaz Minerals** **LSE:LMI LonMin** **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:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SHP Shire** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **LSE:VEC Vectura** **LSE:VED Vedanta** **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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