.#Gold #DowJones With the Central Banks of the world enjoying their annual bean feast at Jackson Hole, deciding what to do to implement decisions from the World Economic Forum meeting at the ski resort of Davos, we always flinch at the name of #JacksonHole. It was the late 1990’s and we’d enacted a cracking property deal, obviously deciding we deserved a fun ski holiday. So we booked a week at Jackson Hole, a week at Vail, and a final week at Breckenridge, discovering the latter had been ruined by snow-boarder day tripper students. This isn’t a snob thing, the ski and snow-boarder disciplines being quite different. Imagine being on a motorway, traffic from a slip road on the right heading across three lanes to an exit road on the left. While this chaotic state of incompetence happens on the M8 in Glasgow, the number of bumps and near misses isn’t exactly fun. Thankfully, nowadays ski resorts tend assign some specific runs to specific disciplines. Personally, I fail to value the time our family holiday was ruined when a snow-boarder T-boned me, leading to hospital time. Oddly, my wife and daughter still regard that particular trip as their best holiday ever! (Val d’Isere and a week with my credit card… Our then 14 y/o daughter even stayed for another week, due to becoming best-friends with the hotel owners daughter. Amazingly, they are still chums, bemoaning the fact neithers’ children ski.)
The Jackson Hole meeting in the USA is, we suspect, interesting. As a ski resort, the place was perfect, allowing the ability to ski backwards at speed while taking snapshots of everyone. Queues for ski lifts were managed by local rangers, angrily jumping in on any queue jumpers. Essentially, the place was “too good” as memories are made of disasters when skiing. But the economic meeting in Jackson Hole potentially sets up the economic mood for the rest of the year and currently, if we ignore Crude Oil but instead looks at international indices, the markets appear to have an expectation for further gains against a background of the USA immolating itself with the pantomime of a forthcoming presidential election. As a recent convert to the Meghan Kelly Show and her 2 hour daily politics report, it’s a shame we don’t host a similar commentator in the UK.
However, the markets continue to nudge upwards, making us suspect once Jackson Hole completes, the markets shall experience a few weeks of positive action until the reality of the potential chaos from the USA hits home across Europe. On one side, there is a presidential candidate who’s never won an election, never really left the country, nor visited its borders, and a potential vice-president who appears to be concealing a really long Pinocchio nose. And on the other side, there is Mr Trump.
Costain Plc are one of the companies nudging their way upward. It’s a share which historically has provided very slow movements but recently, things seem to be changing a bit. Share price movements above just 103p should prove significant, allowing price recovery to an initial 120p with our longer term secondary, if bettered, working out at 150p. What’s a bit worrying about this optimistic sounding scenario is we shall regard the long term attraction as coming from a future 164p, a target level which fails to create any sort of Higher High and thus represents a price level where some volatility can be anticipated.
If things intend go horribly wrong for Costain, below 88 risks triggering reversals to an initial 68p with our secondary, if broken, working out at an eventual 57p and hopefully a rebound. Visually, the current picture suggests some ongoing gains.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:00:18PM | BRENT | 7557.3 | ‘cess | ||||||||
| 11:02:39PM | GOLD | 2512.9 | 2494 | 2484 | 2468 | 2511 | 2520 | 2527 | 2538 | 2504 | |
| 11:05:50PM | FTSE | 8294.8 | |||||||||
| 11:10:22PM | STOX50 | 4891.3 | ‘cess | ||||||||
| 11:15:20PM | GERMANY | 18484 | ‘cess | ||||||||
| 11:18:10PM | US500 | 5625.9 | |||||||||
| 11:30:55PM | DOW | 40918.5 | 40739 | 40690 | 40592 | 40877 | 40939 | 40993 | 41077 | 40871 | ‘cess |
| 11:33:41PM | NASDAQ | 19845.2 | |||||||||
| 11:36:31PM | JAPAN | 36275 |
21/08/2024 FTSE Closed at 8283 points. Change of 0.12%. Total value traded through LSE was: £ 5,428,290,323 a change of 49.7%
20/08/2024 FTSE Closed at 8273 points. Change of -0.99%. Total value traded through LSE was: £ 3,626,221,676 a change of -7.78%
19/08/2024 FTSE Closed at 8356 points. Change of 0.54%. Total value traded through LSE was: £ 3,932,181,241 a change of -1.04%
16/08/2024 FTSE Closed at 8311 points. Change of -0.43%. Total value traded through LSE was: £ 3,973,574,909 a change of -9.98%
15/08/2024 FTSE Closed at 8347 points. Change of 0.8%. Total value traded through LSE was: £ 4,413,998,964 a change of 1.84%
14/08/2024 FTSE Closed at 8281 points. Change of 0.56%. Total value traded through LSE was: £ 4,334,159,938 a change of 16.54%
13/08/2024 FTSE Closed at 8235 points. Change of 0.3%. Total value traded through LSE was: £ 3,719,074,811 a change of -40.15% 
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:FOXT Foxtons** **LSE:IQE IQE** **LSE:SPX Spirax** **LSE:TRN The Trainline** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Foxtons, IQE, Spirax, The Trainline, Taylor Wimpey,
LSE:FOXT Foxtons Close Mid-Price: 65.2 Percentage Change: -1.81% Day High: 66.4 Day Low: 65
Continued trades against FOXT with a mid-price ABOVE 71.4 should improve t ……..
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View Previous Foxtons & Big Picture ***
LSE:IQE IQE Close Mid-Price: 27.65 Percentage Change: -0.18% Day High: 28.2 Day Low: 27.35
Below 26p looks troubling, allowing reversal to an initial 22.75 with our ……..
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View Previous IQE & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 7335 Percentage Change: -0.27% Day High: 7385 Day Low: 7300
If Spirax experiences continued weakness below 7300, it will invariably l ……..
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View Previous Spirax & Big Picture ***
LSE:TRN The Trainline Close Mid-Price: 308 Percentage Change: -0.26% Day High: 315 Day Low: 303.4
In the event of The Trainline enjoying further trades beyond 345, the shar ……..
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View Previous The Trainline & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 165.65 Percentage Change: + 0.06% Day High: 165.75 Day Low: 163.75
Continued trades against TW. with a mid-price ABOVE 165.75 should improve ……..
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View Previous Taylor Wimpey & Big Picture ***