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Lloyds Banking Group (LSE:LLOY), surviving Xmas!  

#Brent #Nasdaq  With Christmas nearly upon us, my wife spent quite a few hours assembling, illuminating, and decorating an 8 foot Xmas tree. The finished creation looks fantastic from two angles but, from the kitchen door, it’s strangely reminiscent of “The Sorting Hat” from the Harry Potter franchise. The issue, distortion of the core, probably due to it spending the last year under a pile of bags. My offer to fix it, using a six foot length of steel tube, tied to the trunk with cable ties, was refused as she’s decided “quirky” is actually quite nice.  And anyway, no one will notice it unless they sit in my seat, go into the kitchen, or sit at the dining table. Personally I think she’s spent too much time trying to make sense of Lloyds vague share price movements! Our domestic conversations are often fascinating…

 

 

Similar to our Xmas tree, Lloyds share price is misbehaving on a massive scale (from our perspective). When we previously reviewed the share, we expressed a longing for the share price to close above 57.2p but unfortunately the highest closing price achieved has been 56.48p, along with the best intraday price being just 57.06p. All things considered, it’s not a great situation, especially as the share price has now broken below Red on the chart, the uptrend since February of this year.

Interestingly, the trend-break level was at 53.4p but, by some sort of miracle, the share has closed at 53.7 since, thus allegedly making the trend break a fake – according to our rules. However, if we adhere to our other rules, the situation now should suggest weakness below 52.5p should promote reversal to an initial 51p with our secondary, if broken, at a very, very, probable bottom by 49p. Movements since July of this year we indicating 49p as a potential bottom target, this calculation remaining correct with reversals in October and again, the recent plunge below Red.

Perhaps this shall prove correct, making it worthwhile keeping an eye on this share as the market is indicating a reasonable chance for a bounce at 49p. Be warned, closing below such a target level would be a bad thing as we can advance 45.7p as a potential third level target. Reaching such a level would effectively undo all the work of 2024, indicates next year shall kick off at virtually the same level of this year.

 

Returning to our comment above about Lloyds marginally exceeding the trend break level, perhaps we should attempt to concentrate on “what if”, just in case the market is playing games.

Currently, closure above Red at 54p shall be treated as important, calculating with the potential of recovery to an initial 57.6 with our secondary, if bettered, working out at 61.5p. Neither ambition is particularly spectacular, dumping the share price into a zone where proper future growth becomes difficult and once again indicating the risk of the market spending time teasing traders until some sort of game changing reason for share price growth comes along. Unsurprisingly, the Retail Banking sector has left us disappointed with movements during 2024.

 

FUTURES

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
10:40:15PM BRENT 7112.6 7093 7021 6885 7166 7302 7391 7493 7180
10:43:57PM GOLD 2637.97 2648
10:47:18PM FTSE 8312.5 8320
10:50:17PM STOX50 4973.5 4933
10:54:32PM GERMANY 20415.5 20365
11:00:56PM US500 6091.2 6081
11:03:40PM DOW 44644 44624
11:11:08PM NASDAQ 21612.9 21382 21298 21187 21464 21631 21681 22147 21528
11:14:14PM JAPAN 39199 39190

 

6/12/2024 FTSE Closed at 8308 points. Change of -0.49%. Total value traded through LSE was: £ 4,647,469,843 a change of -11.07%
5/12/2024 FTSE Closed at 8349 points. Change of 0.17%. Total value traded through LSE was: £ 5,225,818,106 a change of -2.92%
4/12/2024 FTSE Closed at 8335 points. Change of -0.29%. Total value traded through LSE was: £ 5,383,163,281 a change of 3.03%
3/12/2024 FTSE Closed at 8359 points. Change of 0.57%. Total value traded through LSE was: £ 5,224,934,773 a change of 21.03%
2/12/2024 FTSE Closed at 8312 points. Change of 0.3%. Total value traded through LSE was: £ 4,317,215,202 a change of -3.75%
29/11/2024 FTSE Closed at 8287 points. Change of 0.07%. Total value traded through LSE was: £ 4,485,252,544 a change of 30.02%
28/11/2024 FTSE Closed at 8281 points. Change of 0.08%. Total value traded through LSE was: £ 3,449,559,431 a change of -33.99%

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 info@trendsandtargets.com. 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:EZJ EasyJet** **LSE:GENL Genel** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:JET Just Eat** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **

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Updated charts published on : Barclays, EasyJet, Genel, HSBC, British Airways, Just Eat, Music Magpie, Natwest,

LSE:BARC Barclays Close Mid-Price: 264.8 Percentage Change: -1.03% Day High: 269.45 Day Low: 264.25

Target met. Continued trades against BARC with a mid-price ABOVE 269.45 s ……..

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LSE:EZJ EasyJet Close Mid-Price: 574.4 Percentage Change: -0.24% Day High: 578.6 Day Low: 568.2

In the event of EasyJet enjoying further trades beyond 578.6, the share s ……..

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LSE:GENL Genel Close Mid-Price: 65.3 Percentage Change: -3.69% Day High: 68.4 Day Low: 64.9

All Genel needs are mid-price trades ABOVE 68.4 to improve acceleration t ……..

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LSE:HSBA HSBC Close Mid-Price: 743.6 Percentage Change: -1.02% Day High: 752 Day Low: 742.1

Further movement against HSBC ABOVE 752 should improve acceleration towar ……..

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LSE:IAG British Airways. Close Mid-Price: 283.3 Percentage Change: + 0.14% Day High: 285.4 Day Low: 281.9

Target met. Further movement against British Airways ABOVE 285.4 should ……..

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LSE:JET Just Eat. Close Mid-Price: 1374 Percentage Change: + 4.57% Day High: 1376 Day Low: 1306

Target met. Continued trades against JET with a mid-price ABOVE 1376 shou ……..

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LSE:MMAG Music Magpie. Close Mid-Price: 8.95 Percentage Change: + 0.00% Day High: 9.41 Day Low: 8.95

Continued trades against MMAG with a mid-price ABOVE 9.41 should improve ……..

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LSE:NWG Natwest. Close Mid-Price: 413.9 Percentage Change: + 0.34% Day High: 418.6 Day Low: 412.8

Further movement against Natwest ABOVE 418.6 should improve acceleration ……..

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FTSE for FRIDAY (FTSE:UKX) and #Jaguar, of course.

#Gold #Brent  With Jaguar making the headlines, it was easy to remember the first two times when I nearly bought a Jaguar! Back in the day, working for my family business ensured fuel was free, insurance was taken care of, and I’d the run of workshops, along with a mostly professional team of mechanics. This nonsense ensured I’d a Porsche years before it should have happened, a car which followed an awful Ferrari which never made it onto the road. I swapped it for a yacht… And the Ferrari wasn’t finished with its hatred of humans, deciding to catch fire while he had it on a trailer being taken to his premises. On the bright side, someone took a snapshot of the disaster which made the front page of newspapers here in Scotland.

 

But my first attempt to buy a Jag came from a brief love affair with a Jaguar Mk 9, discovered parked behind a house in the fabulous Ardnamurchan area of Scotland. It’s a peninsula, where if you take your eyes of the Jurassic scenery you can easily find yourself driving through the crater of a large, extinct, volcano on the way to Sanna Bay, probably the prettiest beach in Scotland. By any standards, the place is remote and it’s easy to totally underestimate how long a journey will take.

Me, I’d been in the area with a Soviet 4WD truck, demonstrating its abilities to a particular UK government organisation, already pretty confident there was zero chance they’d buy anything which wasn’t sporting a Landrover badge. But the prospect of a few days in my favourite part of Scotland made it an essential demonstration to give and as the nominated best 4wd operator in the company, plenty of fun awaited. The team from the government centre had some pretty good ideas, doubtless thinking they’d challenge the vehicles abilities, but instead we’d a lot of fun taking tracks which had been created by deer. When playtime was over and we headed out of the mountains toward the single track road, a big white car was spotted parked behind a cottage and I casually asked about it. It transpired it was fairly famous, having previously been the UK Ambassador to Washington’s personal vehicle. It had broken down a few years previously and was literally free to anyone who’d take it away. The paperwork was even all available on the kitchen table, along with a typed letter agreeing it was a freebie car.

After ditching the government guys, it was inevitable a visit to the Jaguar Mk9 was needed and after assuring myself the paperwork was indeed in order, a cunning plan started to brew. In addition to fuel, insurance, workshops, and an almost limitless choice of vehicles, there were a few recovery units which could bring this monster back to civilisation. After speaking to a workshop manager, he agreed to an expedition the following weekend as long as his wife could come. A hotel was organised, the three of us arriving at 3pm on Saturday just as it got dark. Typically, we all got hammered but assembled for breakfast by 9am. Around 11am, sufficient sobriety had entered the conversation to allow us to go find the Jaguar, the workshop managers enthusiasm quickly turning into anger as I’d failed to notice the only thing holding the car together was the white paint. He quite literally pushed his hand through one of the front wings and an effort to open the tailgate literally broke the handle off the car. We were most emphatically not risking attaching the winch to this thing as it would be unlikely we’d return to the city with anything more than a pile of rust. Even the registration number was a problem due to UK regulations. They demanded it be donated from a vehicle with a current MoT. Worse, they usually inspected the donor vehicle, making it difficult for folk like us to just write an MoT for the administration process.

Heck, the three of us had a great night though.

A few months later, I came across a Jaguar XK120, a true dream car. It had been dismantled, the owner running out of money before the body was stripped and the chassis cleaned of any corrosion. My workshop manager chum came along to look at it, explained clearly why I couldn’t touch it (seized engine, cracked gearbox, a load of really bad stuff) but if his wife would agree, he’d love to take it home and do the best he could, due to having access to some old Jaguar machinery. His wife agreed, they paid £1,500 for that XK120 and still own it 40 years later. They even started driving it around 25 years ago, a design shape which is right up with the E-type.

Eventually, I discovered an XJ6 Jaguar 4ltr,  I liked the look of, my tame workshop manager came along and gave the nod, the machine managing to maintain my attention for nearly two years. And then, like all sane people, I bought a white Volvo estate as my daily transport as I’d moved quite firmly away from my family business. But this has a lot to do with Jaguar unveiling their take on the Chrysler Crossfire in recent days, now as an electric vehicle trying to pretend it’s something else. I would never have driven through hell to retrieve one of these new models as they’re – to my taste – just a little ugly. Even the Crossfire never caught on in any quantity!

 

Obviously, this has quite a lot to do with the FTSE as I’ve endeavoured to show sometimes appearances can be deceiving.

 

If trend lines are stripped away from the chart, there is certainly some visual hope the FTSE intends head upward. It is the Xmas season after all, we deserve it. But when we review what actually happened on Tuesday of this week between 1pm and 2.30pm, there was a bit of a “oops” moment with the FTSE exceeded the Blue downtrend. While the index value ended below the Blue downtrend by the end of the session, what happened intraday felt similar to what happens when a puppy suddenly lunges in an unexpected direct, pulled back with a degree of panic.

This has created a situation where weakness anytime soon below 8320 points risks promoting reversal to an initial 8290 points with our secondary, if broken, a more interesting 8220 points. If triggered, the tightest stop looks like an attractive 8345 points, a pretty interesting Risk/Reward scenario.

However, maybe the upward break was simply an early move but one which should be hoped for. Today, for instance, has the US Jobs Report and it’s something which “sometimes” kicks the markets into life. Above 8353 points now allows for index movement to an initial trend challenging 8375 points with our secondary, with closure above such a point, working out at a longer term 8427 points. This would be game changing, kicking down an icy door and allowing Santa to visit…

Who knows. Have a good weekend and enjoy the final grand prix of the season. It has become questionable whether we shall bother watching again next year as the level of “cheating” by Formula1 management is becoming truly silly.

FUTURES

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:06:57PM BRENT 7213.7 7181 7146 7252 7291 7469 7243 ‘cess
11:24:53PM GOLD 2632 2624 2621 2632 2636 2641 2628 ‘cess
11:28:44PM FTSE 8345.6 8318 8305 8340 8364 8372 8347
11:32:31PM STOX50 4937.8 4935 4928 4946 4958 4970 4905 Success
11:36:49PM GERMANY 20323 20195 20120 20240 20375 20471 20200 ‘cess
11:43:56PM US500 6071.1 6062 6056 6077 6090 6098 6068 Shambles
11:46:49PM DOW 44760.5 44721 44667 44823 45060 45089 44970 Shambles
11:49:39PM NASDAQ 21408.8 21339 21284 21428 21515 21592 21388
11:52:30PM JAPAN 39173 39169 39002 39287 39472 39599 39243
5/12/2024 FTSE Closed at 8349 points. Change of 0.17%. Total value traded through LSE was: £ 5,225,818,106 a change of -2.92%
4/12/2024 FTSE Closed at 8335 points. Change of -0.29%. Total value traded through LSE was: £ 5,383,163,281 a change of 3.03%
3/12/2024 FTSE Closed at 8359 points. Change of 0.57%. Total value traded through LSE was: £ 5,224,934,773 a change of 21.03%
2/12/2024 FTSE Closed at 8312 points. Change of 0.3%. Total value traded through LSE was: £ 4,317,215,202 a change of -3.75%
29/11/2024 FTSE Closed at 8287 points. Change of 0.07%. Total value traded through LSE was: £ 4,485,252,544 a change of 30.02%
28/11/2024 FTSE Closed at 8281 points. Change of 0.08%. Total value traded through LSE was: £ 3,449,559,431 a change of -33.99%
27/11/2024 FTSE Closed at 8274 points. Change of 0.19%. Total value traded through LSE was: £ 5,225,979,725 a change of 8.57%

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 info@trendsandtargets.com. 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:BBY BALFOUR BEATTY** **LSE:CCL Carnival** **LSE:EZJ EasyJet** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:TRN The Trainline** **

********

Updated charts published on : BALFOUR BEATTY, Carnival, EasyJet, British Airways, Intercontinental Hotels Group, Just Eat, The Trainline,

LSE:BBY BALFOUR BEATTY Close Mid-Price: 449.6 Percentage Change: -0.62% Day High: 472.8 Day Low: 439.6

Target met. In the event of BALFOUR BEATTY enjoying further trades beyond ……..

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LSE:CCL Carnival. Close Mid-Price: 1911.5 Percentage Change: + 0.71% Day High: 1935.5 Day Low: 1899.5

Target met. In the event of Carnival enjoying further trades beyond 1935. ……..

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LSE:EZJ EasyJet. Close Mid-Price: 575.8 Percentage Change: + 1.73% Day High: 576.4 Day Low: 566

Target met. Continued trades against EZJ with a mid-price ABOVE 576.4 sho ……..

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LSE:IAG British Airways. Close Mid-Price: 282.9 Percentage Change: + 2.84% Day High: 282.9 Day Low: 274.2

Continued trades against IAG with a mid-price ABOVE 282.9 should improve ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 10180 Percentage Change: + 1.55% Day High: 10190 Day Low: 10020

Target met. Continued trades against IHG with a mid-price ABOVE 10190 sho ……..

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View Previous Intercontinental Hotels Group & Big Picture ***

LSE:JET Just Eat. Close Mid-Price: 1314 Percentage Change: + 7.18% Day High: 1322 Day Low: 1234

Further movement against Just Eat ABOVE 1322 should improve acceleration ……..

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LSE:TRN The Trainline. Close Mid-Price: 430.4 Percentage Change: + 0.00% Day High: 435.8 Day Low: 425.2

Target met. Further movement against The Trainline ABOVE 435.8 should imp ……..

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*** End of “Updated Today” comments on shares.

Posted on

Rio Tinto Plc (LSE:RIO), hello I must be going!

#Gold #Nasdaq  With almost boring repetition, Rio Tinto becomes yet another company facing suggestions it moves its main listing from London, in this instance to Sydney, Australia. This pressure to flee the London market, becoming notorious for underperforming against a reality, where members like RIO.L report;  “We have a clear path for a decade of profitable growth!” This sort of optimism often feels like a Red Rag for the FTSE, an index which often feels like it works hard to avoid shares enjoying a runaway success.

Perhaps we are entering a cycle, where the FTSE intends a future where listing are represented by traders from EastEnders Albert Square market, single focus business which can never do any better thanks to their position trapped in a closed environment. (And yes, we just admitted to our entire knowledge of East Enders, a TV program which is avoided with extreme care here in our bit of Argyll as we’ve already got sufficient misery due to the weather.) But it certainly raises a wry grin, the idea of the FTSE 100 containing listings for “Ricky’s Stall”, “Dens Barrow”, “Underworld Knickers” or “Dots Spot”, trying hard to be relevant to the UK by only paying attention to local business’s, rather than make the most of anything with international aspirations. Then again, perhaps the grown ups in London would prefer UK listings reflect companies who actually operate in the UK, rather than simply maintain their headquarters in this country and pay the national government the appropriate fine for any jobs they create. Somewhat amusingly, it appears the largest victim of the recent National Insurance heist looks like the government itself, given the huge number of folk employed at local and national government levels, along with all the usual dependent offshoots.

 

However, returning to LSE:RIO,  their share price looks like it’s quivering on the edge of doing something useful, making a sense of future direction possible. If reversals are coming, below 4726 should justify a hard look, this risking triggering reversal to an initial 4647 with our secondary, if broken, at 4357 and hopefully a bounce. The danger comes if the share price closes below 4357p as a third level drop potential works out at 3716p and hopefully a rebound.

Our converse, positive view, stumbles onto the scene if the share price manages exceed 5250p and this has the potential of triggering movement to an initial 5774p. Our secondary, if such a level is bettered, works out at a pretty useful 6224p and almost certain hesitation.

 

FUTURES

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:46:27PM BRENT 7248.9
10:50:16PM GOLD 2649.39 2632 2624 2613 2645 2658 2667 2681 2647
10:53:31PM FTSE 8314.6
11:18:52PM STOX50 4905.7 ‘cess
11:23:12PM GERMANY 20220.8 ‘cess
11:28:46PM US500 6082.8 Success
11:31:57PM DOW 45003.5 ‘cess
11:35:13PM NASDAQ 21464.4 21285 21199 21098 21376 21500 21574 22000 21335 ‘cess
11:38:20PM JAPAN 39603 ‘cess

 

4/12/2024 FTSE Closed at 8335 points. Change of -0.29%. Total value traded through LSE was: £ 5,383,163,281 a change of 3.03%
3/12/2024 FTSE Closed at 8359 points. Change of 0.57%. Total value traded through LSE was: £ 5,224,934,773 a change of 21.03%
2/12/2024 FTSE Closed at 8312 points. Change of 0.3%. Total value traded through LSE was: £ 4,317,215,202 a change of -3.75%
29/11/2024 FTSE Closed at 8287 points. Change of 0.07%. Total value traded through LSE was: £ 4,485,252,544 a change of 30.02%
28/11/2024 FTSE Closed at 8281 points. Change of 0.08%. Total value traded through LSE was: £ 3,449,559,431 a change of -33.99%
27/11/2024 FTSE Closed at 8274 points. Change of 0.19%. Total value traded through LSE was: £ 5,225,979,725 a change of 8.57%
26/11/2024 FTSE Closed at 8258 points. Change of -0.4%. Total value traded through LSE was: £ 4,813,247,138 a change of -58.36%

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 info@trendsandtargets.com. 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:CCL Carnival** **LSE:GENL Genel** **LSE:IAG British Airways** **LSE:RR. Rolls Royce** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **

********

Updated charts published on : Carnival, Genel, British Airways, Rolls Royce, Scottish Mortgage Investment Trust, The Trainline, Tesco,

LSE:CCL Carnival. Close Mid-Price: 1898 Percentage Change: + 1.69% Day High: 1899.5 Day Low: 1869.5

Further movement against Carnival ABOVE 1899.5 should improve acceleratio ……..

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LSE:GENL Genel Close Mid-Price: 67.3 Percentage Change: -4.13% Day High: 72.2 Day Low: 66.8

Target met. Continued weakness against GENL taking the price below 66.8 c ……..

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LSE:IAG British Airways. Close Mid-Price: 275.1 Percentage Change: + 4.05% Day High: 276.6 Day Low: 265.9

Target met. All British Airways needs are mid-price trades ABOVE 276.6 t ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 594.8 Percentage Change: + 0.57% Day High: 599.8 Day Low: 590.2

Further movement against Rolls Royce ABOVE 599.8 should improve accelerat ……..

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View Previous Rolls Royce & Big Picture ***

LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 983.6 Percentage Change: + 1.38% Day High: 982.6 Day Low: 967

In the event of Scottish Mortgage Investment Trust enjoying further trade ……..

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View Previous Scottish Mortgage Investment Trust & Big Picture ***

LSE:TRN The Trainline. Close Mid-Price: 430.4 Percentage Change: + 2.48% Day High: 431.2 Day Low: 417

Target met. In the event of The Trainline enjoying further trades beyond ……..

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View Previous The Trainline & Big Picture ***

LSE:TSCO Tesco. Close Mid-Price: 373 Percentage Change: + 0.51% Day High: 374.9 Day Low: 371.6

Further movement against Tesco ABOVE 374.9 should improve acceleration to ……..

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View Previous Tesco & Big Picture ***

*** End of “Updated Today” comments on shares

Posted on

Centrica Plc (LSE:CNA) , looking like a bright spark…

#FTSE #JAPAN When we previously reviewed Centrica, we made fun of the fact the owner of British Gas refer to themselves as an Electrical Service Company. Nowadays, their website trumpets Centrica Plc is an “international Energy and Services Company”, indicating their website folk have figured out what they actually do! Otherwise, the website manages to embrace the current Green hysteria with considerable effort being made to ensure they appear “on message” to those with a political agenda.

We’ve a bit of a personal horror going on at the antics of corporate bodies, due to currently being submerged in a book examining the science and data obscured by climate politics and posturing… It starts to appear, similar to politics, the green industry is now packed with folk who’re mainly interested in the level of pay available, rather than pay attention to any facts.

 

However, despite a kneejerk dislike of the homage paid to “Green” by Centrica PLC on their website, we cannot ignore recent price movements for LSE:CNA, especially as the share price – by a tiny amount – has managed to close a session above the downtrend since 2023. We suspect this may prove significant, due to the adherence to this trend shown over the years as a situation has been created where some positive movement on the price is possible. Unfortunately, due to Centrica’s historical parsimonious movements, nothing particularly spectacular is anticipated. For instance, our software indicates the BLUE line on the chart is currently at 129.694p and we’re raising an eyebrow, because the company share closed 3rd December at 130p, above the line by a tiny amount. We think this may prove important, simply due to Centrica’s usually small share price advances or reversals.

The immediate situation suggests now above 132p should trigger a cycle to 146p and visually, some hesitation. Our longer term secondary calculates at a more useful eventual 172p. Perhaps this is all a bit of a stretch, due to a share price closure just 0.306 of a penny above the trend.

 

Our obligatory converse review, we can suggest anything below 125 risks triggering reversal down to an initial 119p with our secondary, if broken, at 108p and a very possible bounce. But due to the share breaking the Blue downtrend, we tend regard this potential with a pinch of salt.

As always, it’s fingers crossed time but Centrica is worth being our next Advent Calendar share.

 

FUTURES

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:00:33PM BRENT 7366 ‘cess
11:03:23PM GOLD 2642.53
11:06:13PM FTSE 8348.8 8312 8282 8246 8337 8335 8384 8433 8312
11:09:23PM STOX50 4878.9 ‘cess
10:43:56PM GERMANY 20037
11:46:40PM US500 6055.3
11:50:19PM DOW 44785 ‘cess
11:53:54PM NASDAQ 21273.6
11:56:56PM JAPAN 39190 38852 38738 38512 39076 39416 39469 40078 39165 ‘cess

 

3/12/2024 FTSE Closed at 8359 points. Change of 0.57%. Total value traded through LSE was: £ 5,224,934,773 a change of 21.03%
2/12/2024 FTSE Closed at 8312 points. Change of 0.3%. Total value traded through LSE was: £ 4,317,215,202 a change of -3.75%
29/11/2024 FTSE Closed at 8287 points. Change of 0.07%. Total value traded through LSE was: £ 4,485,252,544 a change of 30.02%
28/11/2024 FTSE Closed at 8281 points. Change of 0.08%. Total value traded through LSE was: £ 3,449,559,431 a change of -33.99%
27/11/2024 FTSE Closed at 8274 points. Change of 0.19%. Total value traded through LSE was: £ 5,225,979,725 a change of 8.57%
26/11/2024 FTSE Closed at 8258 points. Change of -0.4%. Total value traded through LSE was: £ 4,813,247,138 a change of -58.36%
25/11/2024 FTSE Closed at 8291 points. Change of 0.35%. Total value traded through LSE was: £ 11,560,117,120 a change of 129.48%

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 info@trendsandtargets.com. 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:AAL Anglo American** **LSE:BARC Barclays** **LSE:EZJ EasyJet** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:NWG Natwest** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:STAN Standard Chartered** **

********

Updated charts published on : Anglo American, Barclays, EasyJet, HSBC, British Airways, Intercontinental Hotels Group, Natwest, Scottish Mortgage Investment Trust, Standard Chartered,

LSE:AAL Anglo American. Close Mid-Price: 2571 Percentage Change: + 0.33% Day High: 2593 Day Low: 2559.5

Target met. In the event of Anglo American enjoying further trades beyond ……..

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LSE:BARC Barclays. Close Mid-Price: 264.6 Percentage Change: + 0.67% Day High: 268.3 Day Low: 263.35

Target met. In the event of Barclays enjoying further trades beyond 268.3 ……..

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LSE:EZJ EasyJet. Close Mid-Price: 564.8 Percentage Change: + 3.29% Day High: 573.2 Day Low: 552

Target met. Further movement against EasyJet ABOVE 573.2 should improve a ……..

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LSE:HSBA HSBC. Close Mid-Price: 743.7 Percentage Change: + 0.79% Day High: 750.4 Day Low: 742.8

Target met. In the event of HSBC enjoying further trades beyond 750.4, th ……..

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LSE:IAG British Airways. Close Mid-Price: 264.4 Percentage Change: + 0.99% Day High: 266.4 Day Low: 261.5

Target met. In the event of British Airways enjoying further trades beyo ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 10005 Percentage Change: + 1.51% Day High: 9998 Day Low: 9862

Target met. Further movement against Intercontinental Hotels Group ABOVE ……..

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LSE:NWG Natwest. Close Mid-Price: 407.7 Percentage Change: + 0.27% Day High: 414.8 Day Low: 406.2

Target met. Continued trades against NWG with a mid-price ABOVE 414.8 sho ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 970.2 Percentage Change: + 1.08% Day High: 970.8 Day Low: 954.4

Target met. Further movement against Scottish Mortgage Investment Trust A ……..

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LSE:STAN Standard Chartered Close Mid-Price: 965.8 Percentage Change: -1.23% Day High: 995.2 Day Low: 964.2

Target met. Continued trades against STAN with a mid-price ABOVE 995.2 sh ……..

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*** End of “Updated Today” comments on shares

Posted on

Loungers Plc (LSE:LGRS), bringing a decent social environment!

#Gold #SP500   It’s that time of the year when chocolate grows on walls.  The inevitable office Cadbury Advent Calendar has been teasing by its very presence since sometime in November, the usual threats in place if it were touched before December. Needless to say, the first couple of days of December scrolled by before it was remembered and raided. Obviously everything is a matter of personal taste but we cannot recommend a Cadbury Creamy Chocolate wall decoration. Basically, it’s not particularly great, potentially made worse by the heating in the office remoulding the content of each square!

However, we’d considered doing an “Advent Calendar” type of headline piece for December, giving a series of shares which we thought may be worth perusal and as usual, we gave ourselves a row as we prefer being “tipsters”. Very few shares ever openly exhibit obvious – from our perspective – potentials for reasonable growth but surprisingly in this instance, we can take such an approach with Loungers Plc.

 

We’d never heard of the company, not entirely a surprise as while they operate around 260 sites in the UK, the company appear to have discovered a problem with Hadrian’s Wall, not a single outlet existing in Scotland. Their “look at us” map of the UK comes to a screaming halt at the Scottish border while even Northern Ireland enjoys the presence of an outlet, doubtless nothing to do with the fact the EU – without a border – exists just a few miles south?

We’re inclined to take the inviolate Scottish border seriously as the company boast they intend expand to around 400 outlets. As a result, it shall not prove difficult to venture north with an open cheque book as the hospitality industry continues to struggle, fighting both UK government rules and also some truly absurd Scottish government concepts. Thankfully the incompetent shambles which is the Scottish government appears to be on the verge of sorting itself out as it’s unlikely the “woke” agenda shall survive the next general election. When the current Scottish PM attended Mr Alex Salmonds memorial service at the weekend, he faced the wrath of protesters outside the church, folk quite angry at him effectively working against the country, questioning why he was attending a memorial for a man who came to despise him. Personally, we suspect the opportunity to put an entire days work on “expenses” was the single reason the bloke appeared.

 

However, assuming expansion into Scotland is on Loungers agenda, it will make sense to anticipate further improvement to their share price as their formula appears to be working. It’s certainly interesting that from a personal perspective, the idea of a decent local cafe/bar is always attractive as this is the sort of venue preferred.

 

And thus, if we favour our first “advent” share for December being Loungers Plc, our reasoning is fairly straightforward from a charty perspective.

The share price was recently gapped up massively from 238 to 307p and regardless of the cause, it is worth examining the results of such a movement. Visually, the most obvious outcome has been to create a new “higher high”, one of our favourite signals. Secondly, the share price was also gapped up above the immediate Blue downtrend, entering a brave new world for an interesting future.

Next above 313p looks capable of triggering further rises to an initial 329 with our longer term secondary, if bettered, at a confident looking future 390p.

 

Should things decide to go wrong, we shall panic if it finds an excuse to close below Blue, currently at 290p. We think this shall be worth keeping an eye on.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:52:41PM BRENT 7191.3
10:56:47PM GOLD 2641.95 2634 2628 2620 2645 2652 2658 2670 2638
10:58:50PM FTSE 8325.4 ‘cess
11:03:35PM STOX50 4854.2 ‘cess
11:05:58PM GERMANY 19926.5 ‘cess
11:40:59PM US500 6049 6021 6011 5997 6033 6053 6084 6169 6020 ‘cess
11:43:29PM DOW 44759
11:46:13PM NASDAQ 21147.9 Success
11:49:22PM JAPAN 39047 ‘cess

 

2/12/2024 FTSE Closed at 8312 points. Change of 0.3%. Total value traded through LSE was: £ 4,317,215,202 a change of -3.75%
29/11/2024 FTSE Closed at 8287 points. Change of 0.07%. Total value traded through LSE was: £ 4,485,252,544 a change of 30.02%
28/11/2024 FTSE Closed at 8281 points. Change of 0.08%. Total value traded through LSE was: £ 3,449,559,431 a change of -33.99%
27/11/2024 FTSE Closed at 8274 points. Change of 0.19%. Total value traded through LSE was: £ 5,225,979,725 a change of 8.57%
26/11/2024 FTSE Closed at 8258 points. Change of -0.4%. Total value traded through LSE was: £ 4,813,247,138 a change of -58.36%
25/11/2024 FTSE Closed at 8291 points. Change of 0.35%. Total value traded through LSE was: £ 11,560,117,120 a change of 129.48%
22/11/2024 FTSE Closed at 8262 points. Change of 1.39%. Total value traded through LSE was: £ 5,037,419,096 a change of -5.47%

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 info@trendsandtargets.com. 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:AAL Anglo American** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:HSBA HSBC** **LSE:ITM ITM Power** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:RKH Rockhopper** **LSE:SMT Scottish Mortgage Investment Trust** **

********

Updated charts published on : Anglo American, British Telecom, Carnival, HSBC, ITM Power, Just Eat, Lloyds Grp., Music Magpie, Natwest, Rockhopper, Scottish Mortgage Investment Trust,

LSE:AAL Anglo American. Close Mid-Price: 2562.5 Percentage Change: + 1.67% Day High: 2570.5 Day Low: 2503.5

Continued trades against AAL with a mid-price ABOVE 2570.5 should improve ……..

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LSE:BT.A British Telecom. Close Mid-Price: 160.9 Percentage Change: + 1.00% Day High: 161.9 Day Low: 159.7

Target met. All British Telecom needs are mid-price trades ABOVE 161.9 to ……..

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LSE:CCL Carnival. Close Mid-Price: 1873.5 Percentage Change: + 4.05% Day High: 1898 Day Low: 1790.5

Target met. Continued trades against CCL with a mid-price ABOVE 1898 shou ……..

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LSE:HSBA HSBC. Close Mid-Price: 737.9 Percentage Change: + 0.71% Day High: 739.1 Day Low: 730.8

All HSBC needs are mid-price trades ABOVE 739.1 to improve acceleration t ……..

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LSE:ITM ITM Power Close Mid-Price: 33 Percentage Change: -3.00% Day High: 34.9 Day Low: 32.46

In the event ITM Power experiences weakness below 32.46 it calculates wit ……..

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LSE:JET Just Eat. Close Mid-Price: 1298 Percentage Change: + 3.18% Day High: 1310 Day Low: 1252

Target met. All Just Eat needs are mid-price trades ABOVE 1310 to improve ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 52.82 Percentage Change: -0.45% Day High: 53.4 Day Low: 52.58

If Lloyds Grp. experiences continued weakness below 52.58, it will invari ……..

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LSE:MMAG Music Magpie. Close Mid-Price: 8.85 Percentage Change: + 0.00% Day High: 9 Day Low: 8.85

Further movement against Music Magpie ABOVE 9 should improve acceleration ……..

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LSE:NWG Natwest. Close Mid-Price: 406.6 Percentage Change: + 0.97% Day High: 407.3 Day Low: 398.8

All Natwest needs are mid-price trades ABOVE 407.3 to improve acceleratio ……..

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LSE:RKH Rockhopper. Close Mid-Price: 20.5 Percentage Change: + 8.47% Day High: 21.3 Day Low: 18.85

Target met. All Rockhopper needs are mid-price trades ABOVE 21.3 to impro ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 959.8 Percentage Change: + 1.80% Day High: 960.8 Day Low: 945

Target met. Continued trades against SMT with a mid-price ABOVE 960.8 sho ……..

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*** End of “Updated Today” comments on shares

Posted on

Natwest Group Plc (LSE:NWG) , fireworks in the rain… 

#Brent #Japan Two things spoiled Sunday.  Aside from a contrived decision to shuffle who got to start the race first, a pretty obvious attempt to create controversy and get people watching a seriously boring race, the positions immediately reversed by the leading drivers at the first bend, within a few laps it was decided to do something more interesting. As a result, our little tractor was fired up and 45 minutes spent churning up all the leafs on the lawn, the mulching blades creating perfect food for the grass. And then, there was the second thing which spoiled the day.

To be honest, I don’t really use a mobile phone with my most recent choice being what’s effectively a small tablet with phone functions. This has proven to be a bit of an error as the thing doesn’t fit in a shirt pocket or many inside jacket pockets. Thankfully, my waxed cotton jackets both have inside “poachers pockets”, a pouch which can hold a dead rabbit or a big fish. And in the world of Argyll, they are the ideal place to hold a Samsung Active tablet/phone which, to be fair, is dumped and forgotten on a coffee table when I get home. On Sunday evening, my wife was sorting through a box of Xmas decorations and decided it would be interesting if she took the micro SIM card from her phone and swapped it with mine for a few days. Her reasoning was she hates carrying a Tablet and a mobile, thinking my device would make her happier.

When she slid the micro-SIM carrier tray out of her phone, somehow or other she flicked it, propelling the SD memory card and the SIM card into a black hole. After taking the cushions off the furniture, we discovered the SD memory card but the SIM card was absent. And so, the box of Xmas decor had to be emptied and examined. Twice. Then everything on the coffee table had to be examined, then under the furniture, then the furniture was moved, along with the coffee table. And so it went on, even the cat’s coat being examined, along with the dogs. Eventually, we stopped searching for a break, deciding the play the end of the Grand Prix on fast forward but in doing so, discovering the boring race had stopped being boring. Then we returned to the hunt for the SIM card, even checking the cats window ledge lair (with protective latex gloves) and discovering the thing had been sick a few times. But the SIM card remained invisible, so my wife decided the cure was to take my tablet phone until her mobile company send her a replacement card. She cheerfully points out the last phone call received was two weeks ago, a grand-daughter wishing a happy birthday. And before that had been October, the leukaemia unit doing their best to utterly ruin a Tuesday by being nice.

 

But the micro-SD card remains vanished, our search achieving forensic levels, though it just dawned on me we didn’t check her computer keyboard. On the marketplace, searching for optimism against Natwest has become a little less difficult, the share price finally managing to close above our 397p trigger level which implies everyone can “bet the farm” on future share price movements. Usual caveats apply, the intellectually challenged may not be aware no sane person should trust a retail bank share price.

However, unlike our missing SD card, it certainly appears Natwest may actually find its way into the future. Currently, above 405p should trigger share price gains to an entirely believable 450p, a nice and tidy 10%+ gain which should challenge the highs from 2014. As a result, the visuals indicate a potential for some hesitation but above 450p, we can calculate an eventual 542p as very possible some time in the future. Perhaps by such a time, we shall have discovered our missing telephone card.

Then again, I could probably become quite used to my wife handling any calls or texts via my phone! The decision to abandon a BT telephone number still seems strange but we’d managed 6 years without anyone calling our “landline”, preferring always to make contact via one of our mobile numbers.

Should Natwest decide to immolate itself on the chart of dreams, their share price currently needs below 357p to introduce real panic. Such a triggering event calculates as capable of pushing reversal to an initial 305 with out secondary, if broke, a very probable bottom at 240p.

 

For now, we think gains on Natwest may be more probable than us finding this missing SIM card!

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
10:52:15PM BRENT 7210.9 7175 7148 7033 7248 7336 7383 7452 7278
10:54:42PM GOLD 2646.02 2651
10:57:27PM FTSE 8278 8270
11:00:15PM STOX50 4793.7 4788
11:13:19PM GERMANY 19652 19553
11:15:17PM JAPAN 38203 37992 37799 37578 38186 38493 38637 38852 38250
11:17:59PM US500 6031.2 6030
11:22:27PM DOW 44902.5 44725
11:32:14PM NASDAQ 20917.6 20847

 

29/11/2024 FTSE Closed at 8287 points. Change of 0.07%. Total value traded through LSE was: £ 4,485,252,544 a change of 30.02%
28/11/2024 FTSE Closed at 8281 points. Change of 0.08%. Total value traded through LSE was: £ 3,449,559,431 a change of -33.99%
27/11/2024 FTSE Closed at 8274 points. Change of 0.19%. Total value traded through LSE was: £ 5,225,979,725 a change of 8.57%
26/11/2024 FTSE Closed at 8258 points. Change of -0.4%. Total value traded through LSE was: £ 4,813,247,138 a change of -58.36%
25/11/2024 FTSE Closed at 8291 points. Change of 0.35%. Total value traded through LSE was: £ 11,560,117,120 a change of 129.48%
22/11/2024 FTSE Closed at 8262 points. Change of 1.39%. Total value traded through LSE was: £ 5,037,419,096 a change of -5.47%
21/11/2024 FTSE Closed at 8149 points. Change of 0.79%. Total value traded through LSE was: £ 5,329,138,992 a change of 5.3%

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 info@trendsandtargets.com. 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:AAL Anglo American** **LSE:JET Just Eat** **LSE:RKH Rockhopper** **LSE:SMT Scottish Mortgage Investment Trust** **

********

Updated charts published on : Anglo American, Just Eat, Rockhopper, Scottish Mortgage Investment Trust,

LSE:AAL Anglo American. Close Mid-Price: 2520.5 Percentage Change: + 5.42% Day High: 2531.5 Day Low: 2437

All Anglo American needs are mid-price trades ABOVE 2531.5 to improve acc ……..

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LSE:JET Just Eat. Close Mid-Price: 1258 Percentage Change: + 2.44% Day High: 1276 Day Low: 1226

In the event of Just Eat enjoying further trades beyond 1276, the share s ……..

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LSE:RKH Rockhopper. Close Mid-Price: 18.9 Percentage Change: + 10.20% Day High: 19 Day Low: 17.15

Target met. Further movement against Rockhopper ABOVE 19 should improve a ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 942.8 Percentage Change: -0.59% Day High: 951 Day Low: 941

All Scottish Mortgage Investment Trust needs are mid-price trades ABOVE 9 ……..

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*** End of “Updated Today” comments on shares.

Posted on

FTSE for FRIDAY (FTSE:UKX) and the dawn of December!

#FTSE #Gold  We dread “black Friday” for the quite absurd reason is nothing usually happens on the FTSE. The problem obviously emanates from the USA and their silly notion of closing on Thursday for Thanksgiving, opening the markets on Friday morning, then closing at Lunchtime to allow everyone to go shopping. It creates a situation where Europe traditionally does very little and we anticipate a worse echo that experienced on Thursday for the FTSE, where the market managed a trading width of just 30 points. In fact, from 11.20 until the market closed, the FTSE managed just 18 points of useless up/down games.

In short, we expect the FTSE to do very little on Friday, assuming an absence of poor behaviour by any of the warring nations in the world. Additionally, with UK politicians no longer getting their clothes bought for them, there’s doubtless going to be a deluge of government ministers besieging Matalan and similar discount stores. Oh, how we wish this would be true!

One advantage from the very flat day on the markets for Thursday was it gave a pretty thorough clue of what to watch for, if the start of December intends the month being hopeful. The immediate situation suggests above 8305 points should trigger FTSE gains, though we’d warn, as always, not to trust any upward spike above such a level at the opening seconds of trade. Certainly, we’re obviously within days of the time for the legendary Santa Rally to begin, so we should have signals fairly soon.

Currently, above 8305 points [caveat: not with an opening second spike] allows for market movement to an initial 8388 points and a fairly strong chance for some hesitation, due to the proximity of the immediate Blue downtrend. Our longer term secondary is quite impressive at an amazing 8600 points. The tightest stop is very useful at 8260 points.

 

Should things intend go wrong, below 8260 risks promoting reversal down to an initial 8239 points with our secondary, if broken, calculating at 8204 points.

We’re nearly at the end of what has been a pretty awful Grand Prix year with what’s often felt like artificial attempts to create excitement. With Qatar this weekend, followed by Abu Dhabi the following week, we’re not inclined to hold out hope for any real excitement. Unless it snows in Qatar…  Have a good weekend.

 

FUTURES

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:34:32PM BRENT 7267 7177 7156 7244 7301 7332 7239 ‘cess
11:38:26PM GOLD 2638.29 2621 2615 2632 2650 2654 2641
11:43:43PM FTSE 8286.5 8272 8258 8294 8296 8305 8280 ‘cess
11:50:07PM STOX50 4744 4742 4727 4757 4782 4793 4761 ‘cess
11:32:23PM GERMANY 19368.3 19311 19261 19387 19447 19495 19343 ‘cess
11:38:41PM US500 6005.6 6004 5984 6018 6020 6033 6003
11:44:50PM DOW 44794.3 44425 44235 44654 45003 45033 44704
11:47:56PM NASDAQ 20775.1 20764 20744 20812 20846 20892 20784 ‘cess
11:58:16PM JAPAN 38076 37983 37818 38120 38487 38687 38256

 

28/11/2024 FTSE Closed at 8281 points. Change of 0.08%. Total value traded through LSE was: £ 3,449,559,431 a change of -33.99%
27/11/2024 FTSE Closed at 8274 points. Change of 0.19%. Total value traded through LSE was: £ 5,225,979,725 a change of 8.57%
26/11/2024 FTSE Closed at 8258 points. Change of -0.4%. Total value traded through LSE was: £ 4,813,247,138 a change of -58.36%
25/11/2024 FTSE Closed at 8291 points. Change of 0.35%. Total value traded through LSE was: £ 11,560,117,120 a change of 129.48%
22/11/2024 FTSE Closed at 8262 points. Change of 1.39%. Total value traded through LSE was: £ 5,037,419,096 a change of -5.47%
21/11/2024 FTSE Closed at 8149 points. Change of 0.79%. Total value traded through LSE was: £ 5,329,138,992 a change of 5.3%
20/11/2024 FTSE Closed at 8085 points. Change of -0.17%. Total value traded through LSE was: £ 5,060,732,508 a change of -17.24%

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 info@trendsandtargets.com. 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:BBY BALFOUR BEATTY** **LSE:IAG British Airways** **LSE:IDS International Distribution** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:STAN Standard Chartered** **

********

Updated charts published on : BALFOUR BEATTY, British Airways, International Distribution, Scottish Mortgage Investment Trust, Standard Chartered,

LSE:BBY BALFOUR BEATTY. Close Mid-Price: 453.4 Percentage Change: + 0.44% Day High: 459.6 Day Low: 451.2

Continued trades against BBY with a mid-price ABOVE 459.6 should improve ……..

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LSE:IAG British Airways. Close Mid-Price: 260.6 Percentage Change: + 2.16% Day High: 262.5 Day Low: 256.1

Target met. Further movement against British Airways ABOVE 262.5 should ……..

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LSE:IDS International Distribution. Close Mid-Price: 356.6 Percentage Change: + 1.02% Day High: 361.2 Day Low: 355

Target met. In the event of International Distribution enjoying further t ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 948.4 Percentage Change: + 0.38% Day High: 949 Day Low: 942.2

In the event of Scottish Mortgage Investment Trust enjoying further trade ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 979.4 Percentage Change: + 0.62% Day High: 987.4 Day Low: 974.4

Target met. All Standard Chartered needs are mid-price trades ABOVE 987.4 ……..

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