Trends and Targets for 9/04/2018

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FTSE THIS WEEK (FTSE:UKX) The index remains somewhat reticent of exceeding our 7217 points mentioned on Friday. Despite the highest achieved being 7214 points, we're still fairly hopeful some upward travel is possible, if only to celebrate children returning to prison (school)!

Near term, the market needs better 7258 points to exceed the downtrend since the start of the year. This is apparently going to prove possible with movement now above 7217 as a cycle to an initial 7350 should commence with secondary, if bettered, at 7510 points. Visually there's a fly in the ointment at the 7300 level as it appears a Glass Ceiling is auditioning. In reality, this is very liable to promote some sort of stumble on the way up but closure above the Glass Ceiling will tend make a challenge of the highs from January a reality.

That's about the end of the good news as until the market actually closes above that BLUE line, it remains in a position where reversal to 6,800 is the primary consideration.

We'd certainly raise an eyebrow or three should the index wither below 7050 points as this is looking certain to provoke 7,000 points initially. With secondary down at 6820, reasonably close to our 6,800 calculation.

For now, there's some hope and when we look at what some shares are doing, it will prove sensible to keep a weather eye on the banks.

 

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


8:26:17PM

BRENT

66.89

66.71

65.87

64.34

68.27

69.16

69.46

70.37

67.94



8:28:43PM

GOLD

1333.96

               

Shambles


8:31:27PM

FTSE

7147

               

8:34:02PM

FRANCE

5221

               

8:36:04PM

GERMANY

12189

12148

12107

12044

12206

12297

12393.5

12623

12148



8:40:46PM

US500

2605

               

Success


8:45:24PM

DOW

23950

               

Success


8:48:37PM

NASDAQ

6444

               

Success


8:50:29PM

JAPAN

21399

               

 

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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:BP. BP PLC** **LSE:DGE Diageo** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:HUR Hurrican Energy** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glug** **LSE:QFI Quadrise** **LSE:RBS Royal Bank Scot** **LSE:RTHM Rythm One** **LSE:TCG Thomas Cook Group** **LSE:TW. Taylor Wimpey** **LSE:VEC Vectura** **

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Updated charts published on : BP PLC, Diageo, Firstgroup, Foxtons, Genel, Hikma, Hurrican Energy, International Personal Finance, Lloyds Grp., National Glug, Quadrise, Royal Bank Scot, Rythm One, Thomas Cook Group, Taylor Wimpey, Vectura,


LSE:BP. BP PLC Close Mid-Price: 498.4 Percentage Change: -0.28% Day High: 502.5 Day Low: 496.05

2018=28

Now above 503 and 509 is viable near term with secondary 526p. Only with c ........

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View Previous BP PLC & Big Picture ***


LSE:DGE Diageo Close Mid-Price: 2492.5 Percentage Change: -0.10% Day High: 2501.5 Day Low: 2482

2018=55

Movement now above 2502 still indicates recovery to an initial 2578 with s ........

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View Previous Diageo & Big Picture ***


LSE:FGPLSE:FGP Firstgroup. Close Mid-Price: 93.9 Percentage Change: + 4.45% Day High: 94.6 Day Low: 89

2018=28

This is still looking slightly interesting as above 95 indicates some pote ........

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View Previous Firstgroup & Big Picture ***


LSE:FOXTLSE:FOXT Foxtons. Close Mid-Price: 83.4 Percentage Change: + 1.83% Day High: 85 Day Low: 82.3

2018=28

Continued growth above 85 remains pointing at 91 with secondary, if better ........

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View Previous Foxtons & Big Picture ***


LSE:GENLLSE:GENL Genel. Close Mid-Price: 178.6 Percentage Change: + 4.08% Day High: 179.2 Day Low: 169.6

2018=9

Now above 180 and travel toward a pretty confident 187p makes a lot of sen ........

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View Previous Genel & Big Picture ***


LSE:HIKLSE:HIK Hikma. Close Mid-Price: 1204 Percentage Change: + 1.60% Day High: 1246 Day Low: 1185

2018=18

Movement continuing above 1246 remains with a visit toward 1276 making sen ........

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View Previous Hikma & Big Picture ***


LSE:HURLSE:HUR Hurrican Energy. Close Mid-Price: 36 Percentage Change: + 5.26% Day High: 36.18 Day Low: 34

2018=28

This appears to be heading to a near term 38p which may prove critical. Th ........

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View Previous Hurrican Energy & Big Picture ***


LSE:IPFLSE:IPF International Personal Finance. Close Mid-Price: 245.6 Percentage Change: + 4.42% Day High: 248 Day Low: 233

2018=14

Now above 248 and we remain looking for 254 next with secondary now at 261 ........

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View Previous International Personal Finance & Big Picture ***


LSE:IQELSE:IQE IQE. Close Mid-Price: 122.4 Percentage Change: + 7.46% Day High: 123.1 Day Low: 110.1

2018=8

Movement now below 110p indicates a bottom potential at 101p, rather neatl ........

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View Previous IQE & Big Picture ***


LSE:LLOYLSE:LLOY Lloyds Grp.. Close Mid-Price: 66.32 Percentage Change: + 0.21% Day High: 66.6 Day Low: 65.98

2018=28

There is a moderate chance this is about to become interesting. #Lloyds wa ........

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View Previous Lloyds Grp. & Big Picture ***


LSE:NG.LSE:NG. National Glug. Close Mid-Price: 824.5 Percentage Change: + 0.05% Day High: 831 Day Low: 818.1

2018=14

Now above 831 remains with the suggestion of 852 next with secondary, if b ........

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View Previous National Glug & Big Picture ***


LSE:QFI Quadrise Close Mid-Price: 3.33 Percentage Change: -12.50% Day High: 3.35 Day Low: 2.69

2018=11

This is very bad as below 2.69 makes 1.675 almost inevitable. No idea what ........

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View Previous Quadrise & Big Picture ***


LSE:RBS Royal Bank Scot Close Mid-Price: 261 Percentage Change: -0.65% Day High: 262.4 Day Low: 260.1

2018=6

This is NOT displaying symptons similar to Lloyds but near term above 263. ........

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View Previous Royal Bank Scot & Big Picture ***


LSE:RTHMLSE:RTHM Rythm One. Close Mid-Price: 169 Percentage Change: + 6.29% Day High: 167 Day Low: 157

2018=9

Below 157 still indicates 145 initially with secondary still at a "must bo ........

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View Previous Rythm One & Big Picture ***


LSE:TCGLSE:TCG Thomas Cook Group. Close Mid-Price: 118.8 Percentage Change: + 0.51% Day High: 119.8 Day Low: 117.7

2018=28

If this now makes it above 128p, then movememt toward 137 can be hoped wit ........

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View Previous Thomas Cook Group & Big Picture ***


LSE:TW.LSE:TW. Taylor Wimpey. Close Mid-Price: 188.8 Percentage Change: + 0.69% Day High: 190.05 Day Low: 186.8

2018=18

This has gotten a little interesting as ^above 190p now looks capable of 1 ........

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View Previous Taylor Wimpey & Big Picture ***


LSE:VECLSE:VEC Vectura. Close Mid-Price: 82.95 Percentage Change: + 4.60% Day High: 83 Day Low: 78.45

2018=14

Near term, movement ^up above 83 should prove capable of 88, regaining the ........

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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: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:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:ITV ITV** **LSE:KAZ Kaz Minerals** **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:POLY Polymetal** **LSE:PPC President Energy** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SHP Shire** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:UKOG UK Oils and Gas** **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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