From our perspective, it has been a terrible week. My wife was diagnosed with Covid19 on Monday with her symptoms erupting faster than a Post Office lawyer pretend he’s got solid legal arguments.. By Tuesday morning, we were both blessed with the horrid illness, deciding we were going to take it easy for the week ahead, providing only the popular derivatives such as FTSE, Brent, Wall St, Gold. Hopefully this weekend should see the pair of us make significant improvements. It was funny on Tuesday, a call from my bloodwork consultant asking what the heck was going on. When we explained it was a Covid thing, his response was to suggest we just close for the week as it’s too difficult to handle the symptoms while pretending to be professional. But of course, he still had immediate questions relating to the S&P500 etc.
Our FTSE for Friday is now looking fairly positive, perhaps even meaningful. Their share price movements look almost too specific giving a visual impersonation of some imminent weekness but otherwise, there’s a pretty sane potenial of below 7576 bringing the price back to an initial 7622 with secondary, if broken at 7399 and a more than reasonable hope for a bounce. This degree of optimism is fairly unusual, especially as it produces a pretty picture where there’s a strong argument for 7399 and a trampoline level.. Should the FTSE manage above 7770 points, we shall be looking for recovery to an initial 7902 with secondary, if beaten, at 8069 points.
We’re being lazy, looking only at the top futures shares until my brain starts functioning.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:47:14PM | BRENT | 7667 | 7633 | 7595 | 7506 | 7682 | 7763 | 7787 | 7838 | 7711 | |
| 9:49:47PM | GOLD | 2023.5 | 2020 | 2016 | 2008 | 2031 | 2040 | 2045 | 2053 | 2024 | |
| 10:01:39PM | DOW | 37693 | 37436 | 37337 | 37200 | 37712 | 37745 | 37773 | 37908 | 37602 | |
| 10:06:22PM | FTSE | 7652.9 | 7645 | 7632 | 7600 | 7675 | 7683 | 7699 | 7717 | 7652 |
11/01/2024 FTSE Closed at 7576 points. Change of -0.98%. Total value traded through LSE was: £ 8,259,450,269 a change of 68.77%
10/01/2024 FTSE Closed at 7651 points. Change of -0.42%. Total value traded through LSE was: £ 4,893,879,848 a change of -19.09%
9/01/2024 FTSE Closed at 7683 points. Change of -0.14%. Total value traded through LSE was: £ 6,048,276,632 a change of 28.89%
8/01/2024 FTSE Closed at 7694 points. Change of 0.07%. Total value traded through LSE was: £ 4,692,765,125 a change of -13.08%
7/01/2024 FTSE Closed at 7689 points. Change of -0.44%. Total value traded through LSE was: £ 5,398,845,060 a change of 19.89%
4/01/2024 FTSE Closed at 7723 points. Change of -100%. Total value traded through LSE was: £ 4,502,996,889 a change of 0%
3/01/2024 FTSE Closed at 7682 points. Change of 0%. Total value traded through LSE was: £ 4,597,057,566 a change of 0%
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.
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.
If you want to ask a question about something Market Related intraday, don’t hesitate to email private.client@trendsandtargets.com. If something has gone volatile and a quick answer is needed, we’ve probably already run the numbers on it. As you’ll appreciate, we try and avoid spamming people needlessly.
Section One – Outlook Updated Today. Click here for Section Two – Outlook remains valid stocks
Click Epic to jump to share: LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BP. BP PLC** **LSE:CBX Cellular Goods** **LSE:DARK Darktrace Plc** **LSE:EME Empyrean** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:IHG Intercontinental Hotels Group** **LSE:ITRK Intertek** **LSE:SRP Serco** **
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Updated charts published on : Avacta, Astrazeneca, BP PLC, Cellular Goods, Darktrace Plc, Empyrean, EasyJet, Hikma, Intercontinental Hotels Group, Intertek, Serco,
LSE:AVCT Avacta. Close Mid-Price: 106 Percentage Change: -3.20% Day High: 109.5 Day Low: 105.5
Continued weakness against AVCT taking the price below 105.5 calculates as leading to an initial 100p with secondary (if broken) at a longer term 70p and a bounce. The share requires to sneak ABOVE 147 now calculates with the potential of a visit to 166 next with secondary, if bettered, now at 192p
Previous Report:
10/01/2024 If Avacta experiences continued weakness below 107, it will invariably lead to 100p with secondary (if broken) at a longer term 70p and a bounce. The share requires to sneak ABOVE 147 now calculates with the potential of a visit to 166 next with secondary, if bettered, now at 192p
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View Previous Avacta & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 10830 Percentage Change: -0.64% Day High: 11022 Day Low: 10832
Target met. Further movement against Astrazeneca ABOVE 11022 should improve acceleration toward an initial 11134p with secondary (if initial bettered) at 11748p. The share would require to weaken BELOW 9851 will invariably lead to 9709p with secondary (if broken) at a longer term 9685p.
Previous Report:
10/01/2024 Continued trades against AZN with a mid-price ABOVE 10926 should improve the share value to firstly 11009p with secondary, if beaten, at 11748p. The share would require to weaken BELOW 9851 will invariably lead to 9709p with secondary (if broken) at a longer term 9685p.
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View Previous Astrazeneca & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 454.2 Percentage Change: -0.49% Day High: 459.95 Day Low: 453.6
If BP PLC experiences continued weakness below 453.6, it will invariably lead to 450p with secondary (if broken) at a longer term 427p and probably a bounce. According to “GaGa”, the 427p level is almost mandated in the absence of miracles. The share requires to sneak ABOVE 490p to improve acceleration toward an initial 510p with secondary, if bettered, at 534p.
Previous Report:
10/01/2024 In the event BP PLC experiences weakness below 455 it calculates with a drop potential of 450p with secondary (if broken) at a longer term 427p and probably a bounce. According to “GaGa”, the 427p level is almost mandated in the absence of miracles. The share requires to sneak ABOVE 490p to improve acceleration toward an initial 510p with secondary, if bettered, at 534p.
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View Previous BP PLC & Big Picture ***
LSE:CBX Cellular Goods. Close Mid-Price: 0.47 Percentage Change: -1.05% Day High: 0.75 Day Low: 0.48
Continued trades against CBX with a mid-price ABOVE 0.75 should improve the share value to firstly 0.88p with secondary, if bettered, at 1.4p. The share would require to weaken BELOW 0.32 it calculates with a drop potential of 0.22p with secondary (if broken) at a longer term 0.18p.
Previous Report:
30/10/2023 An interesting gain, achieved without any news breaking. Given everything kicked out at precisely 12.30, it appears there’s an expectation of something positive despite internet chatrooms being devoid of clues. Then again, maybe they just overcooked the relaxation. The immediate situation suggests gains above 0.62 should attempt an initial 0.88 with secondary, if bettered, at 1.4p.
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View Previous Cellular Goods & Big Picture ***
LSE:DARK Darktrace Plc Close Mid-Price: 365.9 Percentage Change: + 9.03% Day High: 370.4 Day Low: 354.1
Further movement against Darktrace Plc ABOVE 370.4 should improve acceleration toward an initial 414p with secondary, if beaten, an unlikely looking 478p. The price would require to slip BELOW 320, it will invariably lead to 290p with secondary, if broken, at 231p.
Previous Report:
09/01/2024 If Darktrace Plc experiences continued weakness below 320.4, it will invariably lead to 290 with secondary, if broken, at 231p. It needs a miracle above 351p to give any hope now, signalling an initial 414 with secondary, if beaten, an unlikely looking 478
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View Previous Darktrace Plc & Big Picture ***
LSE:EME Empyrean. Close Mid-Price: 0.54 Percentage Change: -5.10% Day High: 0 Day Low: 0
In the event Empyrean experiences weakness below 0.54 it calculates with a drop potential of 0.5p with secondary (if broken) at a longer term 0.16p. The share requires to sneak ABOVE 1.07p bringing recovery to 1.24p with secondary, if bettered, at 1.75p, perhaps even 2.25p.
Previous Report:
27/12/2023 Continued weakness against EME taking the price below 0.55 calculates as leading to an initial 0.5p with secondary (if broken) at a longer term 0.16p. The share requires to sneak ABOVE 1.07p bringing recovery to 1.24p with secondary, if bettered, at 1.75p, perhaps even 2.25p.
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View Previous Empyrean & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 514.2 Percentage Change: + 0.98% Day High: 533.6 Day Low: 516
Target met. Further movement against EasyJet ABOVE 533.6 should improve acceleration toward an initial 544p with secondary (if initial bettered) at 592p. The mid-price would require to trade BELOW 350, it will invariably lead to 346p with secondary (if broken) at a longer term 265p.
Previous Report:
21/12/2023 All EasyJet needs are mid-price trades ABOVE 522.8 to improve acceleration toward an initial 528p with secondary (if initial bested) at 592p. The mid-price would require to trade BELOW 350, it will invariably lead to 346p with secondary (if broken) at a longer term 265p.
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View Previous EasyJet & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1903 Percentage Change: + 0.66% Day High: 1927.5 Day Low: 1891
Target met. Further movement against Hikma ABOVE 1927.5 should improve acceleration toward an initial 1942p with secondary (if initial bettered) at 1962p. The mid-price would require to trade BELOW 1711p calculates as leading to an initial 1602p with secondary, if broken, a probable bottom at 1391p eventually.
Previous Report:
09/01/2024 Target met. All Hikma needs are mid-price trades ABOVE 1899.5 to improve acceleration toward an initial 1925p with secondary (if initial exceeded) at 1962p. The mid-price would require to trade BELOW 1711p calculates as leading to an initial 1602p with secondary, if broken, a probable bottom at 1391p eventually.
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View Previous Hikma & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 7150 Percentage Change: -0.50% Day High: 7286 Day Low: 7160
All Intercontinental Hotels Group needs are mid-price trades ABOVE 7286 to improve acceleration toward an initial 7382p with secondary (if initial bettered) at 8053p. The share would require to weaken BELOW 5200p to suggest trauma, calculating with an initial 4117p with secondary, if broken, at a bottom (hopefully) of 3401p.
Previous Report:
20/12/2023 Further movement against Intercontinental Hotels Group ABOVE 7182 should improve acceleration toward an initial 7382 with secondary (if initial bettered) at 8053p. The share would require to weaken BELOW 5200p to suggest trauma, calculating with an initial 4117p with secondary, if broken, at a bottom (hopefully) of 3401p.
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:ITRK Intertek Close Mid-Price: 4292 Percentage Change: + 0.05% Day High: 4365 Day Low: 4290
Continued trades against ITRK with a mid-price ABOVE 4365 should improve the share value to firstly 4729 with secondary, if beaten, a longer term 5549p The share would require to weaken BELOW 3820 risks promoting reversal down to an initial 3540 with secondary, if broken, at 3211.
Previous Report:
18/12/2023 Below 3820 risks promoting reversal down to an initial 3540 with secondary, if broken, at 3211. Visually, there is a suggestion of anticipating a bounce from our primary target.
The alternate scenario expects movement above 4290 to visit an initial 4729 with secondary, if beaten, a longer term 5549p
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View Previous Intertek & Big Picture ***
LSE:SRP Serco Close Mid-Price: 163.5 Percentage Change: + 0.18% Day High: 165.2 Day Low: 163.4
Continued trades against SRP with a mid-price ABOVE 165.2 should improve the share value to firstly 174p with secondary, if bettered, at 199p. The share would require to weaken BELOW 135p, it will invariably lead to 134p with secondary (if broken) at a longer term 122p and a vague hope of a bounce.
Previous Report:
14/12/2023 In the event of Serco enjoying further trades beyond 164.2, the share should experience improved acceleration toward an initial 174p with secondary, if bettered, at 199p. The share would require to weaken BELOW 135p, it will invariably lead to 134p with secondary (if broken) at a longer term 122p and a vague hope of a bounce.
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View Previous Serco & Big Picture ***
*** End of “Updated Today” comments on shares.