#Gold #SP500 It’s surely only a matter of days until some politician kicks the doors down in some BAE factory, hoping to get their “Election Battle” photograph while poised on a tank or beside some bombs. There is a certain rhythm to these cliché photo opps, though Teresa May managed to put the scheme of pause when the public appreciated she was no Mrs Thatcher, no matter how big the tank was. Of course, the difference with Thatcher was the tank was proud to be photographed with her, the image finding its was into multiple company publicity materials. It would be difficult to anticipate either of the current combatants for No 10 appearing on a sales brochure, except perhaps as distant cardboard targets on a shooting range.
Times have certainly changed!
It has been a few years since we reviewed BAR Systems Plc, still the largest defence contractor in Europe and rated 7th largest in the world league, a veritable “one stop shop” for those interested in exotic target practice and more. Recently, we learned some respect for military gizmo engineering when a good idea fell apart. A secluded shooting range in our garden allows Olympic class target shooting and it seemed a good idea to attach a cell phone camera to a modest sniper scope, intending to increase the zoom while watching the image via a tablet. The brilliant scheme worked perfectly, a bit of white drainage pipe sliding over the the body of the scope and with amble gaffer tape, the camera stayed put. The result was “just like the movies”, right until the point the trigger was pulled. Then, it all quite literally fell apart, suggesting greater success would be achieved with a weapon which didn’t suffer an extreme recoil. Thus, a CO2 cylinder powered .22 was used, something which just gave a gentle tap of recoil. And nope, it didn’t work. As a result, while writing this, my 3d Printer is producing an entirely new set of mountings which will incorporate both the scope and the old Samsung phone camera. But the real question is, “why bother?” Unless the cunning plan for this summer involved shooting wasps, this level of magnification isn’t needed on the 75 yard range.
From glancing at the BAE website, it is almost certain the company produce weapons capable of shooting the wings off a Scottish midge, probably while safely located in Barbados. It’s a throwaway observation but this year is proving extremely bad for a pest which is a greater nuisance than a prospective SNP candidate. Quite literally, on Friday I bumped into 3 Forestry workers making their way down the hill, all equipped with big chainsaws.
“You’re chucking it early?” I asked.
“Bloody Midges,” the guy in the lead said. This was quite worrying as forestry staff are famed for being immune to everything, even tourists. But if a plague of midges was sufficient to get them off the hill, it also made a lot of sense to retrace my dog walking route immediately. It transpires this was the correct decision as apparently the local Facebook community page was over-run by complaints. Anyone coming to Scotland’s West Coast on a summer vacation is strongly advised to pack a product called “Avon, Skin so Soft”. The midges hate it and with apologies to Avon, almost as strongly as most wearers detest the oily coating.
This year, BAE recently managed break below their strong uptrend and the company share price feels set for some more fairly slight reversals. Presently trading around 1337, below 1320p risks triggering reversal to an initial 1281 with our secondary, if broken, down at an eventual 1221p. Visually, there is some reason to hope for a rebound at such a point.
Of course, we live in a world where BAE doubtless don’t lack customers as they’re unlikely to express a dislike for any of the wars going on. As a result, our converse scenario is fairly interesting with the share price only needing above 1387 to trigger gains in the direction of 1425 with our secondary, if beaten, at 1489 and yet another all time high. We admit the current series of slight reversals feels more like a deliberate slow down, rather than a real reflection of trading conditions.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 1:22:07AM | BRENT | 8408.6 | Success | ||||||||
| 1:25:25AM | GOLD | 2320.89 | 2300 | 2286 | 2269 | 2323 | 2328 | 2340 | 2355 | 2315 | Success |
| 1:27:26AM | FTSE | 8178.8 | |||||||||
| 1:29:42AM | STOX50 | 4913.3 | Success | ||||||||
| 1:32:51AM | GERMANY | 18174.7 | ‘cess | ||||||||
| 1:36:10AM | US500 | 5476.4 | 5420 | 5393 | 5360 | 5440 | 5492 | 5497 | 5506 | 5476 | Success |
| 1:39:02AM | DOW | 38829.5 | Shambles | ||||||||
| 1:45:25AM | JAPAN | 38420 | Success |
17/06/2024 FTSE Closed at 8142 points. Change of -0.05%. Total value traded through LSE was: £ 5,355,562,392 a change of 9.34%
14/06/2024 FTSE Closed at 8146 points. Change of -0.21%. Total value traded through LSE was: £ 4,897,995,674 a change of -10.04%
13/06/2024 FTSE Closed at 8163 points. Change of -0.63%. Total value traded through LSE was: £ 5,444,343,185 a change of -29.92%
12/06/2024 FTSE Closed at 8215 points. Change of 0.83%. Total value traded through LSE was: £ 7,768,504,488 a change of -2.17%
11/06/2024 FTSE Closed at 8147 points. Change of -0.98%. Total value traded through LSE was: £ 7,940,759,501 a change of 69.47%
10/06/2024 FTSE Closed at 8228 points. Change of -0.21%. Total value traded through LSE was: £ 4,685,518,096 a change of -0.6%
7/06/2024 FTSE Closed at 8245 points. Change of -0.48%. Total value traded through LSE was: £ 4,713,927,581 a change of 0.32% 
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:BT.A British Telecom** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:JET Just Eat** **LSE:SBRY Sainsbury** **LSE:VOD Vodafone** **
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Updated charts published on : British Telecom, Intercontinental Hotels Group, ITM Power, Just Eat, Sainsbury, Vodafone,
LSE:BT.A British Telecom Close Mid-Price: 138.65 Percentage Change: -0.64% Day High: 143 Day Low: 136.4
Target met. All British Telecom needs are mid-price trades ABOVE 143 to i ……..
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View Previous British Telecom & Big Picture ***
LSE:IHG Intercontinental Hotels Group Close Mid-Price: 8136 Percentage Change: -0.54% Day High: 8290 Day Low: 8112
Of moderate interest for the near term, above 8315 should next trigger mov ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 48.24 Percentage Change: -2.66% Day High: 50.1 Day Low: 48
Below 48 looks bad, working out with the potential of weakness coming to a ……..
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View Previous ITM Power & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1006 Percentage Change: + 1.62% Day High: 1012 Day Low: 978
Just Eat share price continues to eat itself and movement now below 978 th ……..
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View Previous Just Eat & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 258.8 Percentage Change: + 0.00% Day High: 260.2 Day Low: 257.6
Now below just 252 looks dodgy, risking triggering reversal to an initial ……..
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View Previous Sainsbury & Big Picture ***
LSE:VOD Vodafone. Close Mid-Price: 69.78 Percentage Change: + 1.19% Day High: 70.16 Day Low: 69.18
This share has behaved terribly, the recent visit to 68 being – from our p ……..
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View Previous Vodafone & Big Picture ***