#Gold #SP500 With Mr Musk’s SpaceX grabbing all the headlines, it’s easy to forget other companies exist in his playground, one in particular we suspect is worthy of a glance. New Zealander Peter Beck, subject of the highly recommended book “When the Heavens Went On Sale, and his company, Rocket Lab specialise in sending small satellites into orbit but also, were contracted by NASA to send a payload to the Moon. SpaceX, specialising in doing big stuff, don’t regard them as competition, the company still shooting off payloads from New Zealand South Island while being based, inevitably, in California, where components are built and shipped to the New Zealand launch site to be thrown upward.
While the company Wikipedia entry is useful, the book is better as it generates real laughter, especially when the inventor tests a new rocket design on a bicycle. At night, on the main road through his town. To indicate how seriously they are taking their current position, Rocket Labs “Launch Complex 1” is licensed to launch rockets every 72 hours for the next 30 years. This tends suggest a company which isn’t expecting to vanish into the clouds with little warning. Meanwhile, here’s a snapshot of the moon the other night, during the eclipse around 3am. We’re not planning on firing a rocket at it.
When Rocket Lab was back at 4.5 dollars, we knocked together a series of calculations pointing at potential growth to 7.5 eventually. The share price achieved this level in the last few days, even closing a session at 7.46p but given the intraday high, suggesting further hope may be possible. All the share needs do it trade above 7.54p!
It’s now the case where above 7.54 should trigger continued price recovery to an initial $8.1 with our secondary, if bettered, at $9.6. This is liable to prove quite a big deal as closure above our secondary level ticks a major box for a longer term journey to nearly $18.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:05:19PM | BRENT | 7242.2 | |||||||||
| 11:09:22PM | GOLD | 2557.65 | 2548 | 2544 | 2525 | 2570 | 2601 | 2610 | 2631 | 2576 | ‘cess |
| 11:12:54PM | FTSE | 8273 | |||||||||
| 11:17:03PM | STOX50 | 4857.4 | ‘cess | ||||||||
| 11:21:24PM | Wall St | 41615 | |||||||||
| 11:37:48PM | US500 | 5639 | 5612 | 5590 | 5556 | 5641 | 5692 | 5706 | 5730 | 5633 | |
| 11:50:33PM | GERMANY | 18797 | Success | ||||||||
| 11:53:27PM | NASDAQ | 19424.1 | |||||||||
| 11:56:14PM | JAPAN | 36860 |
18/09/2024 FTSE Closed at 8253 points. Change of -0.67%. Total value traded through LSE was: £ 6,902,679,441 a change of 22.65%
17/09/2024 FTSE Closed at 8309 points. Change of 0.37%. Total value traded through LSE was: £ 5,628,109,018 a change of 50.11%
16/09/2024 FTSE Closed at 8278 points. Change of 0.06%. Total value traded through LSE was: £ 3,749,335,232 a change of -16.44%
13/09/2024 FTSE Closed at 8273 points. Change of 0.4%. Total value traded through LSE was: £ 4,486,905,265 a change of -19.07%
12/09/2024 FTSE Closed at 8240 points. Change of 0.57%. Total value traded through LSE was: £ 5,544,211,682 a change of 9.81%
11/09/2024 FTSE Closed at 8193 points. Change of -0.15%. Total value traded through LSE was: £ 5,048,721,179 a change of -0.13%
10/09/2024 FTSE Closed at 8205 points. Change of -0.79%. Total value traded through LSE was: £ 5,055,044,781 a change of 31.7% 
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:IQE IQE** **LSE:ITV ITV** **LSE:MKS Marks and Spencer** **LSE:PMG Parkmead** **LSE:SPX Spirax** **
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Updated charts published on : IQE, ITV, Marks and Spencer, Parkmead, Spirax,
LSE:IQE IQE Close Mid-Price: 17.4 Percentage Change: -0.80% Day High: 18.04 Day Low: 17.3
Weakness on IQE below 17.3 will invariably lead to 16p with secondary (if ……..
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View Previous IQE & Big Picture ***
LSE:ITV ITV Close Mid-Price: 80.9 Percentage Change: -0.25% Day High: 81.2 Day Low: 80.6
It’s now the case this needs above 89 to promote recovery to an initial 94 ……..
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View Previous ITV & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 367.4 Percentage Change: -0.78% Day High: 373.2 Day Low: 365.2
Target met. All Marks and Spencer needs are mid-price trades ABOVE 373.2 ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:PMG Parkmead Close Mid-Price: 9.25 Percentage Change: -5.13% Day High: 9.75 Day Low: 9.25
Weakness on Parkmead below 9.25 will invariably lead to 8.5p with seconda ……..
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View Previous Parkmead & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 7220 Percentage Change: -2.10% Day High: 7385 Day Low: 7185
Target met. In the event Spirax experiences weakness below 7185 it calcul ……..
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View Previous Spirax & Big Picture ***