Trends and Targets for 5/02/2018

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Trends and Targets for 5/02/2018

Created 4/02/2018 at 18:08

FTSE THIS WEEK. (FTSE:UKX) Something quite off colour happened on Friday evening with FTSE Futures. We'd been bathing in a smug afterglow (due to our prediction on the FTSE proving pretty concise) when a loud flushing noise on the Futures market at 6:30pm scared us silly.

Usually, in after hours trading, FTSE Futures refrain from the dramatic movements displayed by the USA but on Friday evening, FTSE Futures were to suffer a full blown stuffing whereas the German market simply received a bit of a polite kicking which paid lip service to the 400 point droop on the Dow Jones. It was a strange event, one we suspect shall prove to be "overcooked" with the UK market experiencing some surprise recovery fairly soon.

There is, however, little doubt the FTSE has a problem around 7365 points as weakness below could easily propel the market downhill to 7230 points, a level awash with some very real issues and risking a loss of confidence in strength since the start of last December. (Deep breath time) Below 7230 and we get to mention a bottom ambition around the 6800 point. Which stinks!

Perhaps we're being unduly optimistic but the numbers do tend suggest FTSE Future drops were over-exaggerated. We also question the integrity of a market which witnessed an almost predefined 50 (ish) point loss each day for the last four sessions. Things like this will often be reversed with brutal efficiency and while the FTSE need only exceed 7473 to move above the immediate drop trend, the initial target of  7517 should prove useful as it's perfectly capable of generating a longer term secondary around the 7600 point.

And this shall require a revisit to the numbers...

For now, we'd suspect the week to start with some early drops on the FTSE but hopefully the 7365 will remain unsullied, allowing a totally unexpected bounce to take place. Fingers crossed time!

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

Dn

10:17:06PM

BRENT

68.2

67.93

67.625

66.84

69

69.88

70.24

70.98

68.76


--

10:20:04PM

US CRUD

                 

--

10:24:21PM

GOLD

                 

Success

Dn

10:28:00PM

FTSE

                 

Success

Dn

10:44:24PM

FRANCE

                 

Success

Dn

10:58:04PM

GERMANY

12704

12683

12678.5

12371

12803

12803

12876.25

12904

12733

Success

--

11:02:30PM

US500

2757

               

Success

UP

11:09:01PM

DOW

25477

               

Success

Dn

11:12:03PM

JAPAN

22931

               

'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:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:HIK Hikma** **LSE:IHG Intercontinental Hotels Group** **LSE:KAZ Kaz Minerals** **LSE:NG. National Glug** **LSE:POLY Polymetal** **LSE:RBS Royal Bank Scot** **LSE:SDY Speedyhire** **LSE:SUMM Summit** **LSE:TLW Tullow** **

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Updated charts published on : Barclays, BALFOUR BEATTY, Barrett Devs, British Telecom, Hikma, Intercontinental Hotels Group, Kaz Minerals, National Glug, Polymetal, Royal Bank Scot, Speedyhire, Summit, Tullow,


LSE:BARC Barclays Close Mid-Price: 195.56 Percentage Change: -0.90% Day High: 198.32 Day Low: 195.32

This is not ideal as movement now below 195 tends demand coming weakness t ........

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View Previous Barclays & Big Picture ***


LSE:BBY BALFOUR BEATTY Close Mid-Price: 271.2 Percentage Change: -2.06% Day High: 276.5 Day Low: 270.8

Target Met. Anything now under 270 and there's a chance of a bounce by 267 ........

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View Previous BALFOUR BEATTY & Big Picture ***


LSE:BDEV Barrett Devs Close Mid-Price: 574.6 Percentage Change: -1.71% Day High: 584.2 Day Low: 574.2

Target Met or close enough. If this fails to bounce now, weakness below 57 ........

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View Previous Barrett Devs & Big Picture ***


LSE:BT.A British Telecom Close Mid-Price: 250.35 Percentage Change: -2.21% Day High: 256.35 Day Low: 240.05

Target Met. Some care was taken to ensure this did not actually close belo ........

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View Previous British Telecom & Big Picture ***


LSE:HIK Hikma Close Mid-Price: 942 Percentage Change: -1.36% Day High: 963.6 Day Low: 942

This has managed break a very obvious uptrend, resulting in the situation ........

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View Previous Hikma & Big Picture ***


LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4656 Percentage Change: -1.23% Day High: 4716 Day Low: 4660

This appears to be suffering a slowdown in ambition. Weakness continuing b ........

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View Previous Intercontinental Hotels Group & Big Picture ***


LSE:KAZ Kaz Minerals Close Mid-Price: 797.6 Percentage Change: -3.88% Day High: 839.6 Day Low: 791.2

This is starting to become a little nasty. Below 791 and a trip to 770 is ........

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View Previous Kaz Minerals & Big Picture ***


LSE:NG. National Glug Close Mid-Price: 791.4 Percentage Change: -0.78% Day High: 798.5 Day Low: 783.8

We remain expectant of the price reaching 745 with future weakness below 7 ........

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View Previous National Glug & Big Picture ***


LSE:POLY Polymetal Close Mid-Price: 797.8 Percentage Change: -1.68% Day High: 820 Day Low: 797

Further weakness now below 797 and a trip to 781 now looks valid with seco ........

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View Previous Polymetal & Big Picture ***


LSE:RBS Royal Bank Scot Close Mid-Price: 286.6 Percentage Change: -0.10% Day High: 288.3 Day Low: 284.3

Continued weakness below 284 still suggests some travel to 281p and hopefu ........

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View Previous Royal Bank Scot & Big Picture ***


LSE:SDY Speedyhire Close Mid-Price: 53 Percentage Change: -2.57% Day High: 55.6 Day Low: 53

Continued weakness below 53 now looks capable of a bounce, hopefully, at 4 ........

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View Previous Speedyhire & Big Picture ***


LSE:SUMM Summit Close Mid-Price: 187.5 Percentage Change: -5.06% Day High: 202.5 Day Low: 187.5

Below 187 and a trip to 182 remains probable with secondary if (when) brok ........

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View Previous Summit & Big Picture ***


LSE:TLW Tullow Close Mid-Price: 196 Percentage Change: -2.54% Day High: 207.3 Day Low: 195.2

This seems to be trying for a slowdown as below 195 points at 187 initiall ........

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View Previous Tullow & 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: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:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG 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: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:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SGP Supergroup** **LSE:SHP Shire** **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:VOD Vodafone** **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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