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15 August 2014             
    
    
    
    
    
    
    
    
UK Index Summary
 CloseVolume1 day ChangeP&F TrendStop
FTSE 100 6685.26532.8m+28.58+0.4% Bear 6 Aug 2014 6850.00
FTSE 250 15675.6199.6m+148.08+1.0% Bull 11 Aug 2014 15050.00
FTSE SmallCap Index 4393.22134.2m+17.09+0.4% Bear 14 Apr 2014 4525.00
FTSE All Share 3571.61861.5m+17.97+0.5% Bear 10 Jul 2014 3660.00
Closing prices through Thu Aug 14, 2014

FTSE 100 pressures 6700

 

The FTSE 100 index extended its rally from the March/April floor near 6500 on Thursday.  The market has pushed up to supply from the May-July trading band.  That congestion zone starts near the lateral region along 6700, and may hinder further progress towards the highs evident in the 6800-6900 area.

In the meantime, the FTSE 250 passed both the 50 and 200-day moving averages.  The market is about to challenge the late-July barrier around 15800.
 

Stock Action

 

Aveva Group has generated a bullish P&F Breakout signal on the automated scanner.  This follows Thursday's move through 2050.  Former support at the April floor near 1900 has produced a rebound to break the short-term downtrend.  One would expect to see a further recovery, possibly towards the 2300 region.

Mucklow also appears on the list of 'Bull' P&F Breakouts, with the signal price at 460.  This one-year Bar chart shows the stock bouncing from support near 440 to probe resistance at the highs of the medium-term range (base?), in that 460 area.  Note this is a sideways region running across the page.

Portfolio Update

 

Mitchells & Butlers has extended its recovery to break downtrend resistance as delineated by the 50-day moving average.  The late-June/early-July barrier at the lateral region near 400 has also yielded.  Next chart resistance is in the 430 area.  The stop on the long is raised to 365.

 

The stop on the short trade held in International Personal Finance is also adjusted; lowered to 600.  The stock holds the downtrend from the June high.

A long is opened in Domino's Pizza, see Chart of the Day below.

 

Chart of the day: Base breakout by Domino's Pizza

 

Domino's Pizza UK & Irl has finally broken out of the base formation that has been forming above the late-2013 floor at 462.5.  That pattern seems capable of sustaining additional gains towards last September's ceiling near 625, and potentially the 2013 peak area around 700.

We have followed the bullish P&F Breakout signal at 580.  The stop is placed just beneath mid-range support (note this formed near both the 50 and 200-day MAs), at 525, for now.

 

 

Portfolio
UK Equity Trading (long/short) Longs
Date Stock Code Type Open Price Current Price % P&L Stop Comment
22 Apr 2014 Daily Mail & General TrustDMGT Long 837 840.5 +0.42%785
28 Apr 2014 Unilever PLCULVR Long 2615 2592 -0.88%2515
28 May 2014 Rolls-Royce Group PLCRR/ Long 1016 1047 +3.05%980
29 May 2014 William Hill PLCWMH Long 355.2 347.2 -2.25%320
18 Jun 2014 Capita Group PLCCPI Long 1151 1194 +3.74%1120
26 Jun 2014 Vodafone Group PLCVOD Long 194.25 196.3 +1.06%188
2 Jul 2014 Antofagasta PLCANTO Long 781.5 813 +4.03%735
11 Jul 2014 Capital & Counties Properties PLCCAPC Long 329.1 335.1 +1.82%310
18 Jul 2014 Centrica PLCCNA Long 311.2 314.6 +1.09%299
29 Jul 2014 Next PLCNXT Long 6690 6805 +1.72%6150
30 Jul 2014 Soco International PLCSIA Long 431 437.2 +1.44%398
5 Aug 2014 Mitchells & Butlers PLCMAB Long 380.4 405 +6.47%365
6 Aug 2014 Tullow Oil PLCTLW Long 728.5 704 -3.36%675
6 Aug 2014 Spectris PLCSXS Long 1930 2008 +4.04%1840
8 Aug 2014 Booker Group PlcBOK Long 129.2 131.2 +1.55%120
11 Aug 2014 Reed Elsevier PLCREL Long 955.5 964 +0.89%905
11 Aug 2014 Smith (DS) PLCSMDS Long 274.2 274.1 -0.04%255
12 Aug 2014 Trinity Mirror PLCTNI Long 187.25 196 +4.67%175
14 Aug 2014 Domino's Pizza UK & IrlDOM Long 580 584.5 +0.78%525
UK Equity Trading (long/short) Shorts
Date Stock Code Type Open Price Current Price % P&L Stop Comment
8 May 2014 Hunting PlcHTG Short 832.5 884.5 -6.25%875
9 May 2014 John Wood Group PLCWG/ Short 770 745 +3.25%820
2 Jun 2014 Close Brothers Group PLCCBG Short 1296 1281 +1.16%1380
4 Jul 2014 Sage Group PLCSGE Short 386.1 390.5 -1.14%400
8 Jul 2014 International Personal Finance PlcIPF Short 570 517 +9.30%600
9 Jul 2014 Aviva PLCAV/ Short 493.9 506 -2.45%530
15 Jul 2014 Provident Financial PLCPFG Short 2130 2070 +2.82%2220
25 Jul 2014 Diageo PLCDGE Short 1797.5 1729 +3.81%1750
25 Jul 2014 United Business Media PLCUBM Short 634 617 +2.68%665
29 Jul 2014 Intermediate Capital GroupICP Short 416.3 401.5 +3.56%432
1 Aug 2014 Spirent PLCSPT Short 98.65 103.3 -4.71%106
7 Aug 2014 Sainsbury (J)SBRY Short 298.4 308.2 -3.28%312
12 Aug 2014 Serco Group PLCSRP Short 330.5 318.9 +3.51%360
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