#brent #Japan A Scottish politician actually said something truthful and accurate over the weekend. “After a ‘summer’ like this, the Scots should be asking for their money back!” Quite literally, on Saturday morning, a breath of the air here in Argyll provoked a glance to the mountains, expecting to see a dusting of snow. We’ve now had the heating on since the middle of August as any excuse for short sleeves has vanished. But as for Lloyds, things still look capable of heating up…
One of our favourite “charty” signals is given, when a share price exceeds the level of a prior trend break. Lloyds managed this exquisite trick on August 15th, when the share price managed to exceed 57p, usually a pretty certain signal of imminent gains. To double up on the potential, Lloyds also exhibited a Gap Down/Gap Up manoeuvre earlier in August, something we always bang on about as being a precursor for positive movement. Both these little pixy dust signals do produce a little problem, essentially a risk of the share price gains running out at 61.8p or so.
For Lloyds, closure above 61.8p should now be quite significant, literally to the point of being game changing, as it shall signal a complete change in the share price behaviour. Such an event calculates with the potential of a lift to an initial 68.5p with our longer term secondary, if bettered, calculating at 71.9p and a price level where some hesitation can be anticipated.
If some trouble is scheduled, the share price now needs below 55p to risk problems, working out with the potential of reversal to an initial 51p with our secondary, if broken, at 47p
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 1:13:00AM | BRENT | 8013.9 | 7856 | 7795 | 7708 | 7996 | 8059 | 8096 | 8288 | 7877 |
| 1:16:54AM | GOLD | 2514.57 | 2515 | |||||||
| 1:18:48AM | FTSE | 8349.8 | 8323 | |||||||
| 1:20:43AM | STOX50 | 4894.7 | 4888 | |||||||
| 1:23:16AM | GERMANY | 18631.2 | 18547 | |||||||
| 1:25:46AM | US500 | 5616.9 | 5584 | |||||||
| 1:28:15AM | DOW | 41222.1 | 41142 | |||||||
| 1:31:32AM | NASDAQ | 19509 | 19632 | |||||||
| 1:33:48AM | JAPAN | 38051 | 37826 | 37686 | 37347 | 38131 | 38302 | 38473 | 38670 | 38140 |
26/08/2024 FTSE Closed at 8327 points. Change of 0.47%. Total value traded through LSE was: £ 4,287,242,825 a change of -9.07%
22/08/2024 FTSE Closed at 8288 points. Change of 0.06%. Total value traded through LSE was: £ 4,714,962,713 a change of -13.14%
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 -100%. Total value traded through LSE was: £ 4,413,998,964 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:MMAG Music Magpie** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Music Magpie, Sainsbury, Spirax, The Trainline, Tesco, Taylor Wimpey,
LSE:MMAG Music Magpie. Close Mid-Price: 5.75 Percentage Change: + 0.00% Day High: 5.75 Day Low: 5.75
It seems above 6.25 should now prove slightly useful, giving the potential ……..
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View Previous Music Magpie & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 287.6 Percentage Change: + 1.55% Day High: 286.4 Day Low: 283.2
In the event of Sainsbury enjoying further trades beyond 286.4, the share ……..
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View Previous Sainsbury & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 7310 Percentage Change: + 0.27% Day High: 7360 Day Low: 7260
Weakness on Spirax below 7260 will invariably lead to 7197p with secondar ……..
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View Previous Spirax & Big Picture ***
LSE:TRN The Trainline Close Mid-Price: 303.2 Percentage Change: -0.72% Day High: 307.4 Day Low: 302.4
Continued weakness against TRN taking the price below 302.4 calculates as ……..
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View Previous The Trainline & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 349.1 Percentage Change: + 0.72% Day High: 349.9 Day Low: 345.9
All Tesco needs are mid-price trades ABOVE 349.9 to improve acceleration ……..
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View Previous Tesco & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 165.85 Percentage Change: + 1.00% Day High: 166.4 Day Low: 164.05
Further movement against Taylor Wimpey ABOVE 166.4 should improve acceler ……..
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View Previous Taylor Wimpey & Big Picture ***