#Stoxx50 #SP500 When struggling with the decision of what to write about a share, we will often review mentions in Google News as sometimes this can be sufficient to kick start the process of trying to produce an interesting article. Sainsbury, due to release some financial results on Thursday 2nd November, obliged on the news front with the astounding announcement they are about to start selling Pineapples without the green leafy bit.
GB News managed to take first prize in the Clickbait Odds, reporting “Sainsbury rolls out a HUGE change to staple food…”, a truly impressive headline only let down by a story limper than a lettuce racing Liz Truss for longevity. Once choosing to ignore all the “green” nonsense credentials, it transpires it’s cheaper to ship pineapples without their crowns. Doubtless, this is indicative of the lengths the supermarket are willing to take in efforts to reduce costs seamlessly and perhaps an indication of what we should anticipate from their financials. If only they’d do something about their abhorrent self service checkouts.
From a near term perspective, it feels like the market are anticipating positive news from Sainsbury. It’s certainly the case movement above 262p calculates with the potential of a lift to 274p with secondary, if exceeded, at 282p. The secondary looks fairly significant, allowing the share price to produce a higher high, along with breaking above the downtrend since 2021. This will result in us believing we have produced a viable third level ambition, one which calculates at a future 323p.
However, if the supermarket sector intends follow the master class of irrational share movements from the Financial Sector, we’d have concerns should the market find itself motivated to break below Red, currently 250p, as this risks traffic down to an initial 240p with secondary, if broken, at 224p. We have quite a strong reason to hope for a bounce, should the 224p level make itself known.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:15:38PM | FTSE | 7366.5 | Shambles | ||||||||
| 10:18:18PM | BRENT | 8469 | ‘cess | ||||||||
| 10:21:12PM | GOLD | 1982.9 | |||||||||
| 10:24:20PM | STOX50 | 4110.2 | 4083 | 4074 | 4060 | 4102 | 4117 | 4121 | 4165 | 4091 | Success |
| 10:28:30PM | GERMANY | 14986 | ‘cess | ||||||||
| 10:33:58PM | US500 | 4240 | 4200 | 4189 | 4170 | 4220 | 4245 | 4261 | 4284 | 4214 | Success |
| 10:37:07PM | DOW | 33275 | Success | ||||||||
| 10:40:58PM | NASDAQ | 14688.3 | |||||||||
| 10:43:36PM | JAPAN | 31895 | Success |
1/11/2023 FTSE Closed at 7342 points. Change of 0.29%. Total value traded through LSE was: £ 4,632,018,053 a change of -20.08%
31/10/2023 FTSE Closed at 7321 points. Change of -0.08%. Total value traded through LSE was: £ 5,795,517,732 a change of 15.68%
30/10/2023 FTSE Closed at 7327 points. Change of 0.49%. Total value traded through LSE was: £ 5,010,011,648 a change of 25.72%
27/10/2023 FTSE Closed at 7291 points. Change of -0.86%. Total value traded through LSE was: £ 3,985,095,310 a change of -23.59%
26/10/2023 FTSE Closed at 7354 points. Change of -0.81%. Total value traded through LSE was: £ 5,215,729,676 a change of -2.48%
25/10/2023 FTSE Closed at 7414 points. Change of 0.34%. Total value traded through LSE was: £ 5,348,410,782 a change of 19.98%
24/10/2023 FTSE Closed at 7389 points. Change of 0.2%. Total value traded through LSE was: £ 4,457,908,651 a change of 13.65%
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:AML Aston Martin** **LSE:ASC Asos** **LSE:AZN Astrazeneca** **LSE:IQE IQE** **LSE:RR. Rolls Royce** **
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Updated charts published on : Aston Martin, Asos, Astrazeneca, IQE, Rolls Royce,
LSE:AML Aston Martin Close Mid-Price: 199.3 Percentage Change: -8.91% Day High: 217.6 Day Low: 180
Target met. In the event Aston Martin experiences weakness below 180 it c ……..
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View Previous Aston Martin & Big Picture ***
LSE:ASC Asos Close Mid-Price: 365 Percentage Change: -7.69% Day High: 384.8 Day Low: 344.4
Now below 344 indicates the potential of reversal to an initial 317 with s ……..
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View Previous Asos & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 10336 Percentage Change: + 0.84% Day High: 10402 Day Low: 10248
Movement continuing below 10248 calculates with the potential of reversals ……..
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View Previous Astrazeneca & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 14.5 Percentage Change: + 6.30% Day High: 14.8 Day Low: 12.32
Target met. Weakness on IQE below 12.32 will invariably lead to 11.9p wit ……..
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View Previous IQE & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 220.3 Percentage Change: + 2.27% Day High: 220.9 Day Low: 214.7
This is getting interesting (again) as above 221 now works out with the po ……..
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View Previous Rolls Royce & Big Picture ***