Cobham progress stopped by general stocks weaknessCOB Cobham News
· Revenue 6% higher, benefiting from favourable currency translation. Organic5 revenue growth of 1%
· Underlying operating profit of £210.3m, slightly ahead of expectations
· Progressing delivery on the onerous contracts provided for in 2016, including KC-46, although risks and challenges remain
· Strong free cash flow generation as a result of management focus, later phasing of 2016 onerous contract cash flows, lower capital expenditure and £27m of advance customer receipts
· More resilient Balance Sheet with year-end gearing ratio at 1.3x and US$545m revolving credit facilities refinanced for five years or over
· Agreed divestment of AvComm and Wireless test and measurement for US$455m in cash; transaction will increase focus, reduce risk and further strengthen Balance Sheet
· Unchanged expectations for 2018 before divestment and currency translation
Analysis - I think if stocks return to their rally we could se a test of the top of this range near the 150p mark - but this is dependant on the bull market returning.
FTSE
FTSE volatilityTVC:UKX is looking to breach the Red Komo (cloud) on the Ichimoku. It hit the top resistance blue line and is now headed to the bottom support blue line around 7106. Could be a near term short play and the geo-political backdrop is reinforcing this (lots of bad Brexit news and retail sector suffering Toys R Us, Maplin have gone into administration and several companies including Foxtons have reported drops in profits). Medium term I'm expecting the volatility to continue in and around the range of the blue resistance and support lines.
Divi driven rise but looks bearish still, drop to 7100I feel that shorting the rallies is still the best play for the moment, with the 7240 area initially resistance to watch today. There is still a chance that we rise to the out of hours Sunday high at 7328 but it was only the larger divi yesterday that fuelled the rise, so a bit of a big ask for the bulls. The 2 hour chart had resistance at 7275 and if you ignored the divi overshoot we have dropped off that level.
I am looking for a drop down to 7150, especially if the 7179 support breaks today, and then 7100 below that.
FTSE 100 shortMy short-term bias is still bearish. I feel price will fall to at the least close the gap. I'm not confident this is a solid break of this short-term resistance as price has failed to take this level with any real conviction. Price is currently stalling at the 61.8 fib which I mapped out on the 1hr chart for this current retracement.
self explanatory
FTSE shortStill some downside. Expecting price to reach the 6940 s/r zone. This zone also correlates with the 0.38 fib retracement on the monthly chart. Will wait and see what happens.
Self explanatory.
FTSE: Don't Say You Weren't Warned! +643.5 Points ProfitsSo how many of you were surprised and got caught off guard with the recent market bloodbath? Be honest! Were you all surprised about it? If you weren't and you cashed in on this massive drop, congrats! As for me, I warned about a coming BIG MOVE way back on January 9th on my site to the people who trusted me that this was coming and issued a SELL recommendation to them. And BOY! Did it pay off for them! If you trade indexes, then you know what kind of profits were made on this.
Here's what I posted here on January 29th as well: " FTSE: Set For A BIG Fall! Could Be Worth 600+ points! So Far +82 ". Did you listen? If you did, congrats to you!
But now that this has happened...what now? Well, what this massive drop has done is to launch the Footsie into a corrective phase. As my wave count shows, the highs were the end of a long wave 3. What follows a wave 3? Why of course...a corrective wave 4. This drop was only the first salvo fired in this wave 4 and this means that prices are heading even lower than the lows of this spike down. But as with any corrective wave, things are not going to be crystal clear as to the how this correction will unfold and where and when the good trading opportunities will present themselves.
I am constantly analyzing and re-analyzing this and many other indexes and trading instruments and I update my charts to my followers daily. Unfortunately, I don't have the time to post them here. PM me if you want to know how to get the updates.
7450 SupportAm watching the 7450 level for support today. Is this just a pullback in the overall bullish trend or are the bears finally waking up? If 7450 breaks then it may well get a lot more bearish. Consumer spending slowing down, companies making redundancies. Some big companies struggling or going into administration in the UK. US stock markets certainly got ahead of themselves.
FTSE: Set For A BIG Fall! Could Be Worth 600+ points! So Far +82Recommendation: SELL
Earlier this month, I issued a STRONG SELL call on the footsie. Right after I issued that sell call, it proceeded higher. BUT not for long! When it reached the upper TL, it got rejected and then ......down she went! From where we got in on the sell to present, it has moved 82 points (as of this post). On a standard lot of 1000 indexes, well, you do the math. BUT if my projections are correct, I am projecting this to fall MUCH MORE! All the way down to 7155 OR MORE! That would be a total move of 600+ points! Try the math on that! But of course thing can always change and my projections can be wrong. That is why I update this Daily and constantly readjust if needed. If you want to see those updated charts daily, PM me and ask me how.
FTSE 100 LONG.Update on FTSE SHORT I posted a few days ago.
NOW WE MAY HAVE A CHANGE TO GO LONG.
If prices get into get pass the 7685 price level, I may go in for a long position up to 7780.
ENTRY: 7685.5
TARGET PROFIT: 7780.
FTSE 100 BUY 4HTREND CONTINUATION INVESTORS WILL SUPPORT THE UP MOVE. RSI OVERSOLD + SIGNS OF CORRECTION
Glaxo ShortPrice has tested 1380 numerous times which can be seen with the long wicks testing and rejecting this level.
There is RSI Divergence also which shows weakness in the price, sell a break of the counter trend and target the lows.
Alternatively set an alert just above 1380 if the price breaks and closes above this level it would be a strong buy signal.
BUY FTSE100 Ascending TriangleD1 - the candles have a lot of lower wicks showing price doesn't want to go lower
H1 - ascending triangle, if price breaks out buy above the resistance line with a stop below the trend line, with a target at the recent highs.
WILL THE FTSE 100 COLLAPSE?Will the FTSE 100 collapse?
No idea, the only thing we can do now is sit back and let the markets do the work.
To be fair, GBP has been appreciating rapidly, are we currently in the exhaustive period? Are prices now start to decline?
This obviously has to be taken into consideration when dealing with INDICES.
I've got a few orders filled in.
I'll update you guys!
FTSE cleared the recent high of 7582. What's next?FTSE 100 had a solid green candle on 27 December 2017 when the market re-opened and it closed at 7620.70 which was above the previous high of 7582.90 on 7 November 2017.
Investors like you may be wondering this index in the near term. From a technical outlook, it would appear that the index has a near-term bullish bias since it made the low of 7288.70 on 1 December 2017.
Based on our forecast, if the bullish momentum continues, we could potentially see the index text 7660-7675 range and if the price surpasses this range, the index could potentially be testing the next level of resistance at 7790. On the other hand, should there be any retracement of the index, we will revisit the chart and provide our updated forecast to the downside targets when the index closes below 7582.90 which was the high on 7 November 2017. We have set an alert on 7582.90 and watch this index very closely.
Good trading
NinjaSingapore
28 December 2017
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UK100 FTSE Bullish Cypher PatternBULLISH CYPHER PATTERN
Took a break from the long term analysis. Now looking at opportunities for the coming few weeks.
The first one I'm looking at here is a bullish Cypher pattern which has already complete and we are well on our way to hit the first target of this type of pattern which is the 38.2% retracement at 7399 then the second target which is at 7472. I'm sure some traders are already in this trade. I'm not (smh) but depending on what happens when markets open, I may just get in to this and get whatever pips I can. Surfing and fishing at the same time right?
What do you think of this?
critic, refute, agree!
Mentors not Trolls!
DOW JONES / FTSE DiverganceThe divergence between these indexes is reaching an extreme in my opinion, even considering the Brexit concerns in the UK, I think this will correct somewhat before the new year.
THE IMPORTANCE OF VOLUME ANALYSIS: Part IIThe wave is currently finalized and is working as planned:
I ended the previous post pointing at the lack of the volume required to confirm trend reversal at supposed point 5.
And in fact, for quite a while the price kept slowly drifting up and down without substantial moves in any direction.
This situation lasted until bearish volume spike on 07/11 that initiated real trend reversal.
It is also necessary to point out that though that spike was only medium in nature, but the change in its volume compared to previous data was sudden and drastic.
Later the volume changes were driving the price accordingly up and down, but most importantly the local bearish trend was established and continued successfully.
Currently, the price is close to the crossing of the line 2-4 at which volume dynamics should be carefully monitored as this may provide a good tip if this is really the end of the analyzed downtrend.
If you have any questions, feel free to ask in comments or PM me.
Looking like 7565 is the short term high. Drop down to 7450FTSE 100 might well have topped out at 7565 recently and is about to start a leg down to the 7450 support area. Dow is about to hit 23k, while the S&P is struggling to break 2560.
Nestle: 5th wave higher just startedI am long, bought yesterday. Expecting the 5th wave to be in the making. If 80 chf breaks lower i will close, then it will probably make some kind of more complex structure.
There is a nice risk:reward in this position, plus i like the fundamental situation around Nestle. I had some good reads about it, also Goldman, UBS, Kepler, Citi all have targets above 90 chf on a midterm horizont for Nestle.
Of course there is nothing sure in this markets thats why i am always securing my positions with a stop. Sometimes the best setups just turn and become a loser.
