Trends and Targets for 4/09/2017
FTSE FOR THE COMING WEEK (FTSE:UKX) The current 'Korea Thing' reminds of the John Wyndham's (the Day of the Triffids bloke) book, the Kraken Wakes. It's a usual 'The Worlds Ending' short story and in it, the two hero's discuss which shares they've bought due to sea shipping lanes closing. Both had gone for airline stocks and now, we wonder if the building sector will face a surge! Even though the world is ending apparently.
The FTSE certainly completed August with some reasonable potentials for the future as movements now above 7460 signal continued traffic toward an initial 7528 points with secondary coming in at a thermonuclear 7,600 points. The BLUE line on the chart coincides with 7528 later this week...
We've a bit of an issue with the 7,600 ambition as once the FTSE starts bettering this point, a further 200+ point surge becomes very available. However, it certainly appears any bonk against the 7,600 level is liable to provoke a stutter, if only due to the challenge facing a market attempting to beat the June high. And this, despite us facing financial ruin due to avaricious Europeans and physical ruin due to North Korea.
This is why we tend ignore the news. According to UK headlines, we should all be digging holes and puling it in over ourselves!
There's a slight issue with current growth potentials, due to the immediate growth curve. It's essentially too steep and presents the situation where the FTSE needs slip below RED - currently 7296, before becoming worried about upward travel. As this presents an unpleasantly near 150 point stop loss width, it's not entirely useful.
But what happens if 7296 now breaks?
Initially, we calculate weakness now toward 7175 but should such a level break with any substance, it seems 7025 comes in as a bottom where a bounce can be hoped. But "normal" rules say the market is going to 7,600 as top on the current cycle.
|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop||Prior|
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:DGE Diageo** **LSE:EME Empyrean** **LSE:FRES Fresnillo** **LSE:GLEN Glencore Xstra** **LSE:HL. Hargreaves Lansdown** **LSE:KAZ Kaz Minerals** **LSE:NG. National Glug** **LSE:POLY Polymetal** **LSE:TW. Taylor Wimpey** **LSE:VED Vedanta** **
Updated charts published on : British Telecom, Diageo, Empyrean, Fresnillo, Glencore Xstra, Hargreaves Lansdown, Kaz Minerals, National Glug, Polymetal, Taylor Wimpey, Vedanta,
LSE:BT.A British Telecom Close Mid-Price: 288.45 Percentage Change: -1.40% Day High: 293.05 Day Low: 287.95
This managed to ooze slightly above 292 with the result the situation rema ........
LSE:DGE Diageo Close Mid-Price: 2589 Percentage Change: -0.12% Day High: 2616 Day Low: 2590.5
Further movement now above 2616 presents 2697 with secondary a very vague ........
LSE:EMELSE:EME Empyrean. Close Mid-Price: 11.38 Percentage Change: + 9.64% Day High: 11.38 Day Low: 10.12
The situation now is of near term movements above 11.38 leading to 12.75 i ........
LSE:FRESLSE:FRES Fresnillo. Close Mid-Price: 1617 Percentage Change: + 0.06% Day High: 1655 Day Low: 1609
Movements now above 1655 suggest 1698 as a pretty major point of interest ........
LSE:GLENLSE:GLEN Glencore Xstra. Close Mid-Price: 367 Percentage Change: + 2.09% Day High: 368.05 Day Low: 360.25
Now above 369 tends make us suspect 374 shall provide some hiccups, if on ........
LSE:HL.LSE:HL. Hargreaves Lansdown. Close Mid-Price: 1402 Percentage Change: + 0.14% Day High: 1412 Day Low: 1396
Anything above 1412 should justify 1419 next. The secondary comes in at 14 ........
LSE:KAZLSE:KAZ Kaz Minerals. Close Mid-Price: 869.5 Percentage Change: + 3.45% Day High: 873 Day Low: 851
Now above 873 signals longer term movement toward 1120 next with secondary ........
LSE:NG. National Glug Close Mid-Price: 968.8 Percentage Change: -0.61% Day High: 981.7 Day Low: 968.3
Anything now above 982 should bring 988 into view which, if bettered, give ........
LSE:POLY Polymetal Close Mid-Price: 866 Percentage Change: -2.09% Day High: 895.5 Day Low: 855
Ongoing weakness below 855 looks like 836 next and hopefully some sort of ........
LSE:TW.LSE:TW. Taylor Wimpey. Close Mid-Price: 201.7 Percentage Change: + 0.60% Day High: 202.2 Day Low: 199.3
Above 203 signals 206 as an important point of interest as closure above m ........
LSE:VEDLSE:VED Vedanta. Close Mid-Price: 877.5 Percentage Change: + 2.93% Day High: 880 Day Low: 857
Target Met. Bettering 880 still looks like 895 and a stutter given the his ........
*** 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:CLLN CARILLION PLC** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **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:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MKS Marks and Spencer** **LSE:MONI Monitise** **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:RMG Royal Male** **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:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:UKOG UK Oils and Gas** **LSE:VEC Vectura** **LSE:VOD Vodafone** **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.
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]