Trends and Targets for 8/09/2017

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FTSE FOR FRIDAY (FTSE:UKX) As with hurricanes, sometimes an occasional satellite photo of the markets isn't a bad idea and in the case of the FTSE, it also provides one of our rare  "print it out and stick it on the wall" comments. In addition, the second chart below is especially curious when viewed against its 21 year old parent.

Chart goes here

Chart goes here

Firstly, there's something important about The Big Picture. It tells us, once again, should the FTSE now trade above the 7,600 point mark, it enters a cycle to 7,900 next. Secondary comes in at a very probable 8,700 points. Additionally, amazingly and even astoundingly, our software advises if the movement triggers then no stop is required!

This particular proposal is given as a result of just two criteria. Either the stop should be as tight as heck OR the width of a required stop is too stupid to suggest. When this sort of nonsense crops up, here's a reasonable rule of thumb; if the movement triggers, stick in a stop loss just below the prior days lowest level. Or accept your trading software' default and crucially, go do something else for a while and stop paying attention to the markets.

For now though, it's quite curious how market conditions in the last few weeks tend mimic the FTSE big picture. It's certainly something we don't recall seeing previously and if this microcosm of the Big Picture behaves the same way, allegedly the FTSE is about to experience a near term boost. If this is the case, here's the key numbers.

Near term, should the FTSE better 7414, it enters a position where we're looking for some growth to 7465 points initially. Our secondary, if such a level is bettered, comes in at 7550 points. About the sanest stop appears to be 7350 though, if we resort to drawing lines, there's a suggestion a stop could be placed at 7399 points.

Have a good weekend.

FUTURES

 

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:58:36PM

BRENT

54.46

53.5

53.11

52.6

54.3

54.67

55.2575

56.03

53.63

Success

10:01:01PM

US CRUD

49.34

               

10:04:36PM

GOLD

1349.65

               

Success

10:08:10PM

FTSE

7401

               

'cess

10:11:12PM

FRANCE

5119

               

'cess

10:14:28PM

GERMANY

12324.69

               

'cess

10:20:54PM

US500

2466.62

               

10:23:24PM

DOW

21804

               

10:26:00PM

JAPAN

19413

19318

19291.5

19228

19422

19471

19557.5

19660

19370


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:AGM Applied Graph.** **LSE:ASC Asos** **LSE:BARC Barclays** **LSE:BP. BP PLC** **LSE:CEY Centamin** **LSE:FOXT Foxtons** **LSE:IPF International Personal Finance** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:OXIG Oxford Instruments** **LSE:RBS Royal Bank Scot** **LSE:RR. Rolls Royce** **LSE:SXX Sirius Mins** **LSE:TLW Tullow** **LSE:UKOG UK Oils and Gas** **LSE:VEC Vectura** **

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Updated charts published on : Applied Graph., Asos, Barclays, BP PLC, Centamin, Foxtons, International Personal Finance, Lloyds Grp., Marks and Spencer, Oxford Instruments, Royal Bank Scot, Rolls Royce, Sirius Mins, Tullow, UK Oils and Gas, Vectura,


LSE:AGM Applied Graph. Close Mid-Price: 120 Percentage Change: -0.83% Day High: 125.62 Day Low: 117.5

Continued weakness below 117 remains suggesting 84 with secondary 78, effe ........

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View Previous Applied Graph. & Big Picture ***


LSE:ASCLSE:ASC Asos. Close Mid-Price: 5642 Percentage Change: + 0.32% Day High: 5656 Day Low: 5574

Despite intraday traffic, this has failed to actually close below 5606 and ........

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View Previous Asos & Big Picture ***


LSE:BARC Barclays Close Mid-Price: 184 Percentage Change: -1.00% Day High: 186.75 Day Low: 183.85

As this managed break below 184, the word on the street is of movement bel ........

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View Previous Barclays & Big Picture ***


LSE:BP.LSE:BP. BP PLC. Close Mid-Price: 449.9 Percentage Change: + 0.71% Day High: 451.55 Day Low: 447.25

Near term, above 452 is supposed to generate growth toward 460p next with ........

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View Previous BP PLC & Big Picture ***


LSE:CEYLSE:CEY Centamin. Close Mid-Price: 158.9 Percentage Change: + 1.66% Day High: 159.3 Day Low: 155.2

This is starting to exhibit some useful ideas as beyond 160p suggests a ne ........

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View Previous Centamin & Big Picture ***


LSE:FOXT Foxtons Close Mid-Price: 83.5 Percentage Change: -2.34% Day High: 88.75 Day Low: 83.25

Now below 83 points at 81.5 with some bounce potentials. Secondary though, ........

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View Previous Foxtons & Big Picture ***


LSE:IPFLSE:IPF International Personal Finance. Close Mid-Price: 209 Percentage Change: + 0.84% Day High: 214.25 Day Low: 203

Target Met or close enough as movement now above 215 now allows for 222 ne ........

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View Previous International Personal Finance & Big Picture ***


LSE:LLOYLSE:LLOY Lloyds Grp.. Close Mid-Price: 63.08 Percentage Change: + 0.05% Day High: 63.34 Day Low: 62.2

Nothing new except an updated chart. We're still regarding this with a ja ........

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View Previous Lloyds Grp. & Big Picture ***


LSE:MKSLSE:MKS Marks and Spencer. Close Mid-Price: 327.2 Percentage Change: + 0.68% Day High: 328.3 Day Low: 323.2

Near term movement continuing above 329 looks like finding 339p awaiting w ........

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View Previous Marks and Spencer & Big Picture ***


LSE:OXIGLSE:OXIG Oxford Instruments. Close Mid-Price: 1098 Percentage Change: + 0.37% Day High: 1129 Day Low: 1096

Above 1129 still looks up to 1142 next with secondary, if bettered, at a l ........

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View Previous Oxford Instruments & Big Picture ***


LSE:RBS Royal Bank Scot Close Mid-Price: 241.2 Percentage Change: -1.39% Day High: 244.7 Day Low: 240.7

Outlook unchanged. Chart updated. Below 240 remains with 237 next but we'r ........

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View Previous Royal Bank Scot & Big Picture ***


LSE:RR. Rolls Royce Close Mid-Price: 884 Percentage Change: -0.90% Day High: 895 Day Low: 881.5

Target Met. This has managed to close in a dangerous place, indicating a l ........

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View Previous Rolls Royce & Big Picture ***


LSE:SXX Sirius Mins Close Mid-Price: 25.08 Percentage Change: -3.58% Day High: 26.42 Day Low: 24.78

Target Met. Ideally it shall bounce anytime now, so above 27.5 should give ........

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View Previous Sirius Mins & Big Picture ***


LSE:TLWLSE:TLW Tullow. Close Mid-Price: 166.9 Percentage Change: + 0.24% Day High: 170.2 Day Low: 163.9

Target Met. Now above 171 and 175 looks capable of some stutters, though w ........

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View Previous Tullow & Big Picture ***


LSE:UKOG UK Oils and Gas Close Mid-Price: 8.43 Percentage Change: -6.13% Day High: 10 Day Low: 8.38

Above 10p still signals 10.25 next with secondary calculating at 13.75p. ........

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View Previous UK Oils and Gas & Big Picture ***


LSE:VEC Vectura Close Mid-Price: 89.95 Percentage Change: -5.32% Day High: 96.05 Day Low: 88.9

This has gotten really nasty as we've little chance but to regard below 88 ........

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View Previous Vectura & 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:AMER Amerisur** **LSE:AV. Aviva** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **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:FGP Firstgroup** **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:IQE IQE** **LSE:ITV ITV** **LSE:KAZ Kaz Minerals** **LSE:LMI LonMin** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:OPG OPG Power Ventures** **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: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:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **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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