#FTSE #GOLD It’s funny how a week ago, we were prepped for a bit of wind and unusually for the weather services, the climate actually lived up to their expectations. Winds over 100mph did indeed bring disaster, part of the fence around the heating oil tank was loosened. Of course, we enjoyed an inevitable power cut and literally hundred of trees were blown down in our usual dog walking forest. They were all pine trees, many still hanging threateningly at a 45 degree angle but upon checking out our forest on the plateau above the garden cliff, everything is standing. But of course, these trees are all deciduous trees, solidly built, and even a dead oak tree remained untouched by the weather.
All things considered, the hurricane proved pretty unimpressive, not comparing with the one 12 months ago which launched one of our garden sheds into the trees. But the events last week were expected to effect more than Argyll, so the panic unfolded in a media desperate to generate “clicks”. Now, a week later, the memory of the wind has virtually gone, the only evidence being the number of fir trees blown down.
Oddly, this simile returns us to the FTSE, a market which is being slow to grow but once up, should hopefully present a stronger resistance to any coming storms! While we’re often frustrated by the often useless UK market place, recent events perhaps indicate the pace of movement may actually become useful.
For instance, last Friday we laid out criteria for the UK market to experience some gains, writing; “above 8585 points risks triggering further recovery to an initial 8643”. With the FTSE closing Thursday at 8646 points, almost exactly at our target level, the 58 point gain which took 5 sessions to achieve was both impressive and extremely annoying. It used to be the case where a movement such as this would occur generally within a single session, it comes after a week where the UK market (Open to Close Values) experienced 1 point, 30 points, 24 points, and finally 89 points on Thursday. No matter which way we look at the painful trudge to our target level, waiting for 5 sessions to pick up 58 points to our initial target level was a pretty foul scenario for traders. While the concept of timeframes remains something quite beyond us, it is also a reminder to “get a feel” of the market as you’ll usually fulfil your worst fears…
Currently, should the FTSE manage to exceed just 8664 points, we calculate the index should next enter a cycle to an initial 8717 points with our secondary, if bettered, working out at 8775 points. Neither target level is visually improbable and overall, we shall have no option but to assume an eventual visit to 8825 points can be anticipated. If exhibiting blind faith in this picture, the tightest stop loss looks like 8600 points.
Our converse scenario expects index movement below 8600 to trigger reversals to an initial 8560 points with our secondary, if broken, presenting itself as a bottom of 8480 points, along with a very possible bounce.
Have a good weekend. With the next Grand Prix scheduled for 16 March, the only interesting thing we have to look forward to is a forecast of snow, not entirely unexpected for winter in Argyll.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:48:47PM | BRENT | 7585.3 | 7493 | 7430 | 7570 | 7654 | 7698 | 7574 | |||
| 10:58:31PM | GOLD | 2794.03 | 2759 | 2742 | 2774 | 2800 | 2808 | 2787 | Success | ||
| 11:08:45PM | FTSE | 8659.8 | 8644 | 8623 | 8670 | 8691 | 8740 | 8608 | Success | ||
| 11:25:04PM | STOX50 | 5289.7 | 5263 | 5248 | 5298 | 5308 | 5326 | 5274 | ‘cess | ||
| 11:31:11PM | GERMANY | 21744 | 21652 | 21603 | 21734 | 21798 | 21871 | 21660 | ‘cess | ||
| 11:45:55PM | US500 | 6075.2 | 6036 | 6020 | 6067 | 6086 | 6102 | 6060 | |||
| 11:55:30PM | DOW | 44919 | 44633 | 44471 | 44765 | 44978 | 45029 | 44826 | ‘cess | ||
| 11:59:05PM | NASDAQ | 21578.2 | 21382 | 21291 | 21517 | 21612 | 21678 | 21490 | |||
| 11:57:14PM | JAPAN | 39611 | 39490 | 39409 | 39647 | 39714 | 39742 | 39491 | Success |
30/01/2025 FTSE Closed at 8646 points. Change of 1.04%. Total value traded through LSE was: £ 4,930,240,161 a change of -10.24%
29/01/2025 FTSE Closed at 8557 points. Change of 0.28%. Total value traded through LSE was: £ 5,492,931,897 a change of 11.31%
28/01/2025 FTSE Closed at 8533 points. Change of 0.35%. Total value traded through LSE was: £ 4,934,936,161 a change of 3.9%
27/01/2025 FTSE Closed at 8503 points. Change of 0.01%. Total value traded through LSE was: £ 4,749,731,761 a change of -19.91%
24/01/2025 FTSE Closed at 8502 points. Change of -0.74%. Total value traded through LSE was: £ 5,930,778,515 a change of -10.73%
23/01/2025 FTSE Closed at 8565 points. Change of 0.23%. Total value traded through LSE was: £ 6,643,702,165 a change of 25.9%
22/01/2025 FTSE Closed at 8545 points. Change of -0.04%. Total value traded through LSE was: £ 5,277,040,750 a change of 4.97% 
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:CAR Carclo** **LSE:CCL Carnival** **LSE:EXPN Experian** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IDS International Distribution** **LSE:IHG Intercontinental Hotels Group** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **
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Updated charts published on : Carclo, Carnival, Experian, Glencore Xstra, Hikma, HSBC, British Airways, International Distribution, Intercontinental Hotels Group, Scottish Mortgage Investment Trust, Standard Chartered, Tullow,
LSE:CAR Carclo Close Mid-Price: 22.6 Percentage Change: -2.59% Day High: 23.2 Day Low: 22.4
Continued weakness against CAR taking the price below 22.4 calculates as ……..
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View Previous Carclo & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 2057 Percentage Change: + 2.34% Day High: 2069 Day Low: 2034
In the event of Carnival enjoying further trades beyond 2069, the share s ……..
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View Previous Carnival & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 3985 Percentage Change: + 0.58% Day High: 3996 Day Low: 3948
Further movement against Experian ABOVE 3996 should improve acceleration ……..
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View Previous Experian & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 352.95 Percentage Change: + 2.16% Day High: 355.5 Day Low: 339.85
Target met. Weakness on Glencore Xstra below 339.85 will invariably lead ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 2280 Percentage Change: + 1.42% Day High: 2288 Day Low: 2246
Target met. All Hikma needs are mid-price trades ABOVE 2288 to improve ac ……..
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View Previous Hikma & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 840.2 Percentage Change: + 0.53% Day High: 840.1 Day Low: 831.5
In the event of HSBC enjoying further trades beyond 840.1, the share shou ……..
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View Previous HSBC & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 334.8 Percentage Change: + 1.24% Day High: 336.4 Day Low: 330.1
Continued trades against IAG with a mid-price ABOVE 336.4 should improve ……..
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View Previous British Airways & Big Picture ***
LSE:IDS International Distribution. Close Mid-Price: 364.8 Percentage Change: + 0.05% Day High: 366.2 Day Low: 364.8
Continued trades against IDS with a mid-price ABOVE 366.2 should improve ……..
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View Previous International Distribution & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 10790 Percentage Change: + 1.03% Day High: 10840 Day Low: 10695
Target met. In the event of Intercontinental Hotels Group enjoying furthe ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 1072 Percentage Change: + 1.52% Day High: 1079 Day Low: 1062
Target met. In the event of Scottish Mortgage Investment Trust enjoying f ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 1086 Percentage Change: + 0.37% Day High: 1088 Day Low: 1071
All Standard Chartered needs are mid-price trades ABOVE 1088 to improve a ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TLW Tullow Close Mid-Price: 19.01 Percentage Change: -1.96% Day High: 20 Day Low: 18.51
In the event Tullow experiences weakness below 18.51 it calculates with a ……..
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View Previous Tullow & Big Picture ***