#FTSE #SP500 In news from the town of Reading, it was revealed a man has been jailed for stealing a single £49 t-shirt from JD Sports. Personally, an initial reaction would expect the headline to read “Main detained under the Mental Health Act for stealing a T-shirt valued at £49.” Perhaps I’m being a little cruel but suspect for most folk in the UK, the life cycle of a T-shirt invariably ends with it becoming an oily rag and even then, only once it has suffered punishment duty as bedtime wear for a while.
Maybe a little cynical but unless a T-shirt has been signed by all the members of the UK Royal Family, it would be difficult to attach any sort of value to it. My wife has long ceased buying me ridiculous T-shirts as she appreciated Teletubbies, Tinkerbell, or Trump (for comedic value) would provoke a willingness to look ridiculous. The only time I drew the line were a series of UK political garments as they journeyed directly into their oily rag destination as abhorring anything to do with funding our incompetent UK politicians makes sense. Most of them already know the way to the trough.
Nowadays, probably all our household T-shirts are sourced via Temu, a shopping source which always entertains with their terrible sizing for products, along with incomprehensible designs and slogans. Often suspecting Temu must make charity shops look expensive for this sort of rubbish, an unwelcome opportunity to wander round a shopping mall recently proved “interesting”. Many outlets are retailing product which my wife knew as fact was available via Chinese company Temu, many factors cheaper. While an outlet in a shopping mall does give the opportunity to feel the fabric, it must be asked if the price hike from Temu for a 75p future rag to a shelf priced future rag at £7.50 is questionable. Obviously this is a personal rant as we think Temu actually has a primary aim of earning foreign currency, prior to the company eventually deciding to seek a listing in London or New York. With the companies now legendary quality control issues, it often feels profit is not the real motive.
As for JD Sports, it has experienced a pretty awful six months since our review in January. While the share price did achieve our upward targets, at no time has it closed above our secondary of 136p, so we’re a bit jaded if trying to report confidence for the future. There are some early signals something positive may be about to happen.
We’ve chosen to assign 137p as a major trigger level, believing closure above such a level should now prove fairly game changing. Such a miracle would dump the share in a zone where we can calculate future recovery to an initial 161p with secondary, if beaten, at 167p and some probable hesitation, if only due to the presence of the Blue downtrend since 2022. Surprisingly, in the future, closure above this historic trend shall place the share at the mercy of a long term attraction from 232p!
Our converse scenario risks reversal below 110p bringing a visit to an initial 99p with secondary, if broken, a less likely 82p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:51:57PM | BRENT | 7714.1 | ‘cess | ||||||||
| 10:54:26PM | GOLD | 2326.53 | |||||||||
| 10:58:18PM | FTSE | 8250.6 | 8217 | 8197 | 8141 | 8247 | 8268 | 8279 | 8290 | 8235 | ‘cess |
| 11:01:35PM | STOX50 | 4965.7 | ‘cess | ||||||||
| 11:05:05PM | GERMANY | 18462.4 | |||||||||
| 11:07:18PM | US500 | 5291.6 | 5248 | 5231 | 5208 | 5268 | 5300 | 5308 | 5328 | 5273 | |
| 11:10:08PM | DOW | 38718 | |||||||||
| 11:12:24PM | NASDAQ | 18652 | |||||||||
| 11:16:59PM | JAPAN | 38431 | ‘cess |
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4/06/2024 FTSE Closed at 8232 points. Change of -0.36%. Total value traded through LSE was: £ 7,684,560,050 a change of 30.84%
3/06/2024 FTSE Closed at 8262 points. Change of -0.16%. Total value traded through LSE was: £ 5,873,182,024 a change of -59.21%
31/05/2024 FTSE Closed at 8275 points. Change of 0.53%. Total value traded through LSE was: £ 14,399,322,984 a change of 74.95%
30/05/2024 FTSE Closed at 8231 points. Change of 0.59%. Total value traded through LSE was: £ 8,230,680,116 a change of 35.4%
29/05/2024 FTSE Closed at 8183 points. Change of -0.86%. Total value traded through LSE was: £ 6,078,579,262 a change of 7.75%
28/05/2024 FTSE Closed at 8254 points. Change of -0.76%. Total value traded through LSE was: £ 5,641,394,856 a change of 14.03%
24/05/2024 FTSE Closed at 8317 points. Change of -100%. Total value traded through LSE was: £ 4,947,346,285 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. 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:AZN Astrazeneca** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:PMG Parkmead** **
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Updated charts published on : Astrazeneca, Marks and Spencer, National Glib, Parkmead,
LSE:AZN Astrazeneca. Close Mid-Price: 12404 Percentage Change: + 0.47% Day High: 12470 Day Low: 12322
Further movement against Astrazeneca ABOVE 12470 should improve accelerat ……..
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View Previous Astrazeneca & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 311.6 Percentage Change: + 1.80% Day High: 313.5 Day Low: 305.1
All Marks and Spencer needs are mid-price trades ABOVE 313.5 to improve a ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 911.8 Percentage Change: + 2.91% Day High: 913.4 Day Low: 884.6
Continued trades against NG. with a mid-price ABOVE 913.4 should improve ……..
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View Previous National Glib & Big Picture ***
LSE:PMG Parkmead. Close Mid-Price: 14.5 Percentage Change: + 8.21% Day High: 14.75 Day Low: 12.75
Allegedly, above 14.75 should now promote movement to an initial 16.25 wit ……..
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View Previous Parkmead & Big Picture ***