Trends and Targets for 3/11/2017

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FTSE FOR FRIDAY (FTSE:UKX) We always joke about our Friday FTSE report being world famous, literally due to website visitors from all over the world taking this specific report. Hopefully accuracy for a near term punt also has something to do with it!

From the point at which the index closed Thursday (7556 points), we're tending view 7584 points as presenting a fairly reasonable target. Secondary, if bettered, comes along at 7606 points. Unfortunately, the tightest available sane stop looks like 7509 points which is a bit wide when viewing the Risk / Reward for a near term trade. Part of the reason for this width comes from the playground the FTSE is about to enter. Had the index closed just two points higher, we'd be adjusting that secondary upwards, perhaps by 70 points.

Complicating things has been FTSE Futures during the evening of 2nd November. Futures reached a high of 7570 points, this often indicating the market will probably open UP for the day - potentially as high as 7570. Our rule of thumb is, should the FTSE spike UP at the open, unless this spike bettered within the first 90 minutes, expect a rewind day.

However, in keeping with a craven need to produce more "rules", if the index actually opens above 7570, this will indicate strength beyond near term influences and therefore, even if it does rewind, it'll probably go higher later in the session.

Confused? Try being us while BoE play with interest rate announcements.

 

As the chart below shows, the FTSE has NOT yet closed above 7556 and created a new "ALL TIME HIGH". While we harbour a suspicion the index intends further upward movement during November / December, we'd be remiss not covering our arse by viewing drop scenario.

If 7509 indeed breaks, weakness toward an initial 7480 looks about right. Secondary, if broken, comes in at 7450 points. Should this scenario trigger, stop can be comfortably tight at 7525 points though, in reality, it's possible 7514 will suffice.

Have a good weekend. It certainly feels the FTSE intends experience a reasonable Friday. Hopefully nothing occurs overnight to spoil our optimism for the day ahead.

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

10:02:55PM

BRENT

60.65

59.72

59.145

58.31

60.8

60.82

61.03

61.38

59.72


10:06:03PM

US CRUD

54.79

               

10:08:19PM

GOLD

1277.2

               

10:11:52PM

FTSE

7569.33

               

'cess

10:13:55PM

FRANCE

5516.5

5484

5476

5456

5521

5521

5537.5

5555

5489

Success

10:16:04PM

GERMANY

13464

               

10:18:09PM

US500

2580.5

               

'cess

10:20:33PM

DOW

23514

               

'cess

10:22:39PM

JAPAN

22597

               

 

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:BT.A British Telecom** **LSE:CEY Centamin** **LSE:FGP Firstgroup** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:NG. National Glug** **LSE:POLY Polymetal** **LSE:RMG Royal Male** **LSE:SHP Shire** **LSE:SUMM Summit** **LSE:TLW Tullow** **LSE:VOD Vodafone** **

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Updated charts published on : British Telecom, Centamin, Firstgroup, IQE, ITV, National Glug, Polymetal, Royal Male, Shire, Summit, Tullow, Vodafone,


LSE:BT.A British Telecom Close Mid-Price: 253.6 Percentage Change: -2.65% Day High: 267.8 Day Low: 249.4

Target Met. That certainly took its time. Below 249 suggests 244 next and ........

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View Previous British Telecom & Big Picture ***


LSE:CEY Centamin Close Mid-Price: 137.3 Percentage Change: -3.92% Day High: 144.3 Day Low: 136.9

Intraday dance steps are being used to confuse (successfully) this lots in ........

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View Previous Centamin & Big Picture ***


LSE:FGPLSE:FGP Firstgroup. Close Mid-Price: 113.6 Percentage Change: + 0.53% Day High: 114.1 Day Low: 112.2

Now up above 115p suggests coming growth to 117p initially. Secondary, if ........

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View Previous Firstgroup & Big Picture ***


LSE:IQELSE:IQE IQE. Close Mid-Price: 153 Percentage Change: + 4.44% Day High: 160.5 Day Low: 147.75

Target Met. This lot need closure above 156p to permit a party as while 17 ........

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View Previous IQE & Big Picture ***


LSE:ITV ITV Close Mid-Price: 160.8 Percentage Change: -0.74% Day High: 163.1 Day Low: 158.9

Target Met. Now below 158 and 155 awaits, along with the hope of a rebound ........

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View Previous ITV & Big Picture ***


LSE:NG.LSE:NG. National Glug. Close Mid-Price: 915.2 Percentage Change: + 1.84% Day High: 924.4 Day Low: 895.9

Below 895 points at 880 next with some fake bounce potentials. However, bo ........

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View Previous National Glug & Big Picture ***


LSE:POLY Polymetal Close Mid-Price: 904.5 Percentage Change: -0.22% Day High: 923.5 Day Low: 890.5

Now above 924 and a visit toward 959p looks very possible. Secondary remai ........

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View Previous Polymetal & Big Picture ***


LSE:RMGLSE:RMG Royal Male. Close Mid-Price: 381 Percentage Change: + 3.00% Day High: 381.7 Day Low: 369.9

Below 367 remains with 361 now showing trampoline potentials. Secondary co ........

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View Previous Royal Male & Big Picture ***


LSE:SHPLSE:SHP Shire. Close Mid-Price: 3735 Percentage Change: + 1.99% Day High: 3758.5 Day Low: 3654.5

By some miracle, this regained the trend! Near term, up above 3759 signals ........

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View Previous Shire & Big Picture ***


LSE:SUMM Summit Close Mid-Price: 147.5 Percentage Change: -4.84% Day High: 152.5 Day Low: 147.5

Now below 147 and we still anticipate 124p as making an appearance. Second ........

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View Previous Summit & Big Picture ***


LSE:TLWLSE:TLW Tullow. Close Mid-Price: 193.1 Percentage Change: + 3.76% Day High: 194.7 Day Low: 183.9

Movement near term ^up above 195p tends suggest a shift toward 210 next wi ........

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View Previous Tullow & Big Picture ***


LSE:VODLSE:VOD Vodafone. Close Mid-Price: 221.3 Percentage Change: + 1.07% Day High: 222.65 Day Low: 218.55

Target Met. Now above 223p and growth toward 229p makes sense. Secondary, ........

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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:CLLN CARILLION PLC** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **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:KAZ Kaz Minerals** **LSE:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MKS Marks and Spencer** **LSE:MOS Mobile Streams** **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:STAN Standard Chartered** **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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