#FTSE hashtags don’t work in X!
When Bank of England economists concluded maintaining high interest rates and therefore, high prices and damage to the UK economy, was the way to fight prices going up, remains a jaw dropping type of logic from some sort of mirror universe. When the fact the Government recently increased the tax on jobs (Employers National Insurance), it’s hard not to conclude both the UK Government and the Bank of England are at war with the country, doing their best to dampen down any hope of things getting better. The whole shambles starts to feel like surgeons deliberately botching heart surgery to ensure the patient dies, thus “curing” the patient of any future cardiac problems. When the UK got to the point where unemployment levels were actually falling, it’s questionable why hitting employers with an additional tax on jobs made any sense.
As expected, the FTSE reacted negatively to the news about UK Interest Rates, actually managing to exceed the drop on Budget Day at the end of October!
From an immediate perspective, we’re inclined to anticipate further reversals on the market, perhaps even testing the Red uptrend since 2023. But of course, our software is giving a UK inspired miserable view as below 8078 points calculate with the potential of travel down to an initial 8015 points. This certainly comes close to the Red uptrend but our secondary if a worry, calculating at 7900 points and the potential for breaking the most recent uptrend, spelling a miserable start to 2025.
Should this trigger, the tightest stop is at 8125 points.
Our scenario, if things intend go right for the UK index, it needs above 8125 points to hopefully trigger an initial 8144 points with our secondary, if bettered, at 8168 points. Despite this being a vaguely attractive points gain, it presents a visual issue, making it harder for the index to climb higher… Unless, of course, some index chaos kicks in. Perhaps the UK government will discover people need air to breath and it isn’t being taxed yet?
Have a good weekend.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:36:16PM | BRENT | 7241.5 | 7233 | 7160 | 7078 | 7283 | 7369 | 7411 | 7471 | 7288 | Shambles |
| 10:38:44PM | GOLD | 2593.9 | 2584 | 2564.5 | 2544 | 2601 | 2626 | 2641 | 2660 | 2603 | |
| 10:42:49PM | FTSE | 8110.7 | 8079 | 8061 | 7953 | 8139 | 8140 | 8160 | 8187 | 8108 | |
| 10:47:53PM | STOX50 | 4870.9 | 4864 | 4849 | 4796 | 4911 | 4911 | 4931 | 4953 | 4879 | Success |
| 10:58:15PM | GERMANY | 19945 | 19934 | 19906 | 19840 | 20001 | 20105 | 20177 | 20258 | 19973 | |
| 11:02:10PM | US500 | 5868.4 | 5864 | 5831 | 5796 | 5890 | 5936 | 5948 | 5976 | 5880 | |
| 11:05:47PM | DOW | 42351.5 | 42289 | 42113 | 41895 | 42509 | 42758 | 42885 | 43076 | 42500 | ‘cess |
| 11:10:05PM | NASDAQ | 21093.4 | 21072 | 21011 | 20881 | 21182 | 21402 | 21555 | 21735 | 21231 | ‘cess |
| 11:12:50PM | JAPAN | 38885 | 38713 | 38495 | 38202 | 38930 | 39376 | 39430 | 39666 | 39100 | Success |
19/12/2024 FTSE Closed at 8105 points. Change of -1.05%. Total value traded through LSE was: £ 5,790,138,165 a change of 13.02%
18/12/2024 FTSE Closed at 8191 points. Change of -0.05%. Total value traded through LSE was: £ 5,123,160,668 a change of -23.19%
17/12/2024 FTSE Closed at 8195 points. Change of -0.81%. Total value traded through LSE was: £ 6,670,012,289 a change of 49.11%
16/12/2024 FTSE Closed at 8262 points. Change of -0.46%. Total value traded through LSE was: £ 4,473,170,966 a change of 7.01%
13/12/2024 FTSE Closed at 8300 points. Change of -0.13%. Total value traded through LSE was: £ 4,180,122,576 a change of -10.3%
12/12/2024 FTSE Closed at 8311 points. Change of 0.12%. Total value traded through LSE was: £ 4,660,074,740 a change of -19.71%
11/12/2024 FTSE Closed at 8301 points. Change of 0.25%. Total value traded through LSE was: £ 5,804,184,495 a change of 29.66% 
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:AV. Aviva** **LSE:CAR Carclo** **LSE:CPI Capita** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:IPF International Personal Finance** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:SDY Speedyhire** **
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Updated charts published on : Aviva, Carclo, Capita, Genel, Glencore Xstra, International Personal Finance, National Glib, Ocado Plc, Speedyhire,
LSE:AV. Aviva Close Mid-Price: 458.6 Percentage Change: -1.14% Day High: 460.4 Day Low: 456.1
Target met. Weakness on Aviva below 456.1 will invariably lead to 450p wi ……..
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View Previous Aviva & Big Picture ***
LSE:CAR Carclo. Close Mid-Price: 25.8 Percentage Change: + 2.38% Day High: 25 Day Low: 23.6
Target met. In the event Carclo experiences weakness below 23.6 it calcul ……..
</p
View Previous Carclo & Big Picture ***
LSE:CPI Capita Close Mid-Price: 14.26 Percentage Change: -2.46% Day High: 14.5 Day Low: 13.9
Weakness on Capita below 13.9 will invariably lead to 11p with secondary ……..
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View Previous Capita & Big Picture ***
LSE:GENL Genel Close Mid-Price: 62 Percentage Change: -2.82% Day High: 62.6 Day Low: 58.8
Target met. Continued weakness against GENL taking the price below 58.8 c ……..
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View Previous Genel & Big Picture ***
LSE:GLEN Glencore Xstra Close Mid-Price: 354.1 Percentage Change: -2.26% Day High: 358.55 Day Low: 353.7
Target met. In the event Glencore Xstra experiences weakness below 353.7 ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IPF International Personal Finance Close Mid-Price: 126 Percentage Change: -1.56% Day High: 128.5 Day Low: 125.5
If International Personal Finance experiences continued weakness below 12 ……..
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View Previous International Personal Finance & Big Picture ***
LSE:NG. National Glib Close Mid-Price: 921.6 Percentage Change: -0.50% Day High: 923 Day Low: 915.2
Target met. Continued weakness against NG. taking the price below 915.2 c ……..
</p
View Previous National Glib & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 296.2 Percentage Change: -2.15% Day High: 301 Day Low: 294.9
Weakness on Ocado Plc below 294.9 will invariably lead to 279p with secon ……..
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View Previous Ocado Plc & Big Picture ***
LSE:SDY Speedyhire Close Mid-Price: 27.9 Percentage Change: -3.96% Day High: 29.5 Day Low: 27.7
Weakness on Speedyhire below 27.7 will invariably lead to 24 with our sec ……..
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View Previous Speedyhire & Big Picture ***