Trends and Targets for 31/10/2016
FTSE for the week and a ramble about the DOW (FTSE:UKX & DOWi:DJI) The DOW has been excruciately boring for a while, presumably while the free world awaits the results of an election. We're also mildly curious about what will happen. In the UK, despite a hostile media trashing the current Labour leader, he won by a landslide. Obviously the USA is different (or is it?) and the constant negative campaign against the one with Boris' hair will doubtless cost him the campaign...
The DOW JONES currently faces a dilemma around 18309.1 points. If the US market betters such a point, there's an enhanced expectation it's about to surge to around 18440 points in a clear indication the election hiatus has ceased. In such an event, our secondary of 18707 makes a lot of sense, despite painting a shiny new all time high for the American market. This would be a really big deal, triggering our law of Higher Highs and forcing us to mention 20525 as the real long term attraction.
We know some folk print this stuff out (and quote it back to us) so perhaps this is one worth printing and sticking on the wall. But do remember if below 18,000 points all calculations get tossed!
The FTSE was a bit off colour on Friday. It broke our 6942 and bounced, exactly at our initial target. The movement was only worth 15 points at best but importantly, as 6927 was not broken, we've slight hope the index will do something to escape this zone which has a bottom at 6480 points. Reinforcing this gullibility is the bounce from 6927 bettered our 7001 trigger by 5 points as the day ground to a close to we're supposed to evince optimism for Monday.
The situation now is of movement above 7007 bringing a visit to an initial 7021 points. Secondary, if initial bettered, calculates as 7058 points. In fact, we're being a bit "Monday" with that secondary as the market could easily overshoot by a further 35 points or so. If such were to happen, it would now appear growth such as proposed which gets close to the 7100 level will easily place the FTSE in a region where the next major point of interest is now 7218 points.
Perhaps it shall be an interesting week with fireworks...
Of course, the converse remains. Anything now breaking 6927 allows an initial 6908 with secondary 6851 points. And this is a major problem as the market will be in a region where 6730 presents itself as a major attraction.
As usual, we shall update if the market gets outside these parameters during the week.
|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop||Prior|
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:IAG British Airways** **LSE:IGG IG Group** **LSE:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MONI Monitise** **LSE:RBS Royal Bank Scot** **LSE:RXP Roxi Pet.** **LSE:SHP Shire** **LSE:TPL Tethys** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOG VICTORIA** **
Updated charts published on : British Airways, IG Group, Lloyds Grp., LonMin, Monitise, Royal Bank Scot, Roxi Pet., Shire, Tethys, Tesco, Taylor Wimpey, VICTORIA,
LSE:IAGLSE:IAG British Airways. Close Mid-Price: 438 Percentage Change: + 5.93% Day High: 444.4 Day Low: 409.3
Continued trades against IAG with a mid-price ABOVE 445 should improve the ........
LSE:IGGLSE:IGG IG Group. Close Mid-Price: 829 Percentage Change: + 1.16% Day High: 833 Day Low: 813.5
Target Met or close enough as anything now above 835 looks capable of a ne ........
LSE:LLOYLSE:LLOY Lloyds Grp.. Close Mid-Price: 57.74 Downtrend now: 66.418 Uptrend now: 48.223 Percentage Change: + 0.42% Day High: 57.95 Day Low: 56.99
Without surprise, Lloyds is still messy. Above 58p still reports as being ........
LSE:LMI LonMin Close Mid-Price: 184 Percentage Change: -0.41% Day High: 186.5 Day Low: 178.75
Target Met or near enuff as below 178 now indicates 168 next with secondar ........
LSE:MONILSE:MONI Monitise. Close Mid-Price: 2.6 Downtrend now: 2.799 Uptrend now: 0 Percentage Change: + 4.42% Day High: 2.61 Day Low: 2.48
This is perhaps worth keeping a weather eye on as anything now above 2.78 ........
LSE:RBS Royal Bank Scot Close Mid-Price: 194 Downtrend now: 203.488 Uptrend now: 0 Percentage Change: -1.22% Day High: 208 Day Low: 191.7
Target Met. The spike at the open bothers us as it indicates RBS is about ........
LSE:RXPLSE:RXP Roxi Pet.. Close Mid-Price: 10.5 Percentage Change: + 9.09% Day High: 11.75 Day Low: 9.88
Continued trades against RXP with a mid-price ABOVE 11.75 should improve t ........
LSE:SHP Shire Close Mid-Price: 4781.5 Percentage Change: -3.40% Day High: 4929.5 Day Low: 4772.5
Weakness on Shire below 4772 will invariably lead to 4733 with secondary ( ........
LSE:TPL Tethys Close Mid-Price: 1 Percentage Change: -38.46% Day High: 1.12 Day Low: 0.75
Target Met. If this now gets below 0.75p, an initial 0.22p looks like best ........
LSE:TSCOLSE:TSCO Tesco. Close Mid-Price: 215.75 Percentage Change: + 0.70% Day High: 216.3 Day Low: 210
Further movement against Tesco ABOVE 217 should improve acceleration towar ........
LSE:TW.LSE:TW. Taylor Wimpey. Close Mid-Price: 143.1 Percentage Change: + 3.02% Day High: 143.5 Day Low: 137
Continued weakness against TW. taking the price below 137 calculates as l ........
LSE:VOG VICTORIA Close Mid-Price: 31 Downtrend now: 34.484 Uptrend now: 0 Percentage Change: -2.36% Day High: 32.25 Day Low: 28.75
Target Met. Further weakness below 28p suggests a bottom at 24.75p is appr ........
*** 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:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:CAR Carclo** **LSE:CBUY Cloudbuy** **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:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:IEH Intelligent energy** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:KAZ Kaz Minerals** **LSE:MKS Marks and Spencer** **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:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SGP Supergroup** **LSE:SL. Standard Life** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TLW Tullow** **LSE:VED Vedanta** **LSE:VOD Vodafone** **LSE:WTG Watchstone** **LSE:XEL Xcite Energy** **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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