FTSE for FRIDAY  (FTSE:UKX) too scared to move?

#FTSE #Stoxx As another week goes by with the FTSE doing very little of interest,  our inclination remains to examine reasons the market may not be exhibiting movement of any strength. Our conspiracy theory for the current lethargy remains being a suspicion the market is afraid, if things start to go up, a runaway series of gains could see the UK’s index accelerate upward by an astounding 7.7% to somewhere around 9386 points. The entire concept is obviously daft, or would be, if not for the number of occasions we’ve seen the market panic, when the grown ups realise they’ve let a share price drift below a major trigger level. It’s never a surprise, seeing a share experience an unscheduled surge upward very soon after a serious drop trigger is enabled.

In the case of the FTSE, the index wandered above a serious gain trigger at the start of May, spending the intervening month wandering around like US ex-President Biden once he’s muttered incoherently into a microphone and discovered some bushes to hide in. We’ve also been keeping a weather eye on the French CAC 40 index, if only for seeking some humour from the French President being smacked in the face by his “wife?”. When the French government tried to declare in was obvious fake Russian footage, they’d somehow missed the fact the worlds media also so it happen live. After the story changed to it being the couple “letting off steam” after a Long Haul flight, my wife and I cheerfully reminisced about all the times she’d smacked me in the face with both hands, after a boring flight. To be fair, she admits she’s often considered it, as 12 hours of my brilliant humour can apparently be difficult. Returning to the point, despite the French market experiencing a foul week, the index has now managed to close in a “lower low” position which doesn’t bode well for the start of June.

 

Returning to the FTSE, if “they” opt to open the gates and let the market run free, it’s now the case we should anticipate movement above 8824 points as triggering market growth to an initial 8900 points with our secondary, if exceeded, calculating at an eventual 8990 points. This secondary target level would be important, signalling a new Higher High and placing the index on a route which should eventually find its way to 9386 points. If triggered, the tightest stop looks like 8716 points.

However, if our suspicion of the markets casting around to discover an excuse to avoid a sharp 7.7% rise proves correct, weakness now below 8700 points feels very capable of providing reversals down to an initial 8645 points with our secondary, if broken, at 8585 points.

Have a good weekend. It’s the Spanish Grand Prix, usually a great excuse for plenty of cheating while the drivers learn to actually race again, now the horror of Monaco is behind them.

FUTURES


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:09:07PM BRENT 6328.5
11:12:02PM GOLD 3317.03 ‘cess
11:16:14PM FTSE 8733.5 8698 8682 8634 8735 8747 8758 8779 8723 Shambles
11:19:17PM STOX50 5364.6 5347 5336 5295 5377 5420 5453 5488 5390 ‘cess
11:22:53PM GERMANY 23929.2 ‘cess
11:28:19PM US500 5901.2 Shambles
11:31:03PM DOW 42142
11:37:10PM NASDAQ 21306.1 Shambles
11:40:40PM JAPAN 37864

 

29/05/2025 FTSE Closed at 8716 points. Change of -0.11%. Total value traded through LSE was: £ 4,745,696,803 a change of -0.05%
28/05/2025 FTSE Closed at 8726 points. Change of -0.59%. Total value traded through LSE was: £ 4,748,118,751 a change of -20.39%
27/05/2025 FTSE Closed at 8778 points. Change of 0.7%. Total value traded through LSE was: £ 5,964,362,693 a change of -17.68%
23/05/2025 FTSE Closed at 8717 points. Change of -0.25%. Total value traded through LSE was: £ 7,245,191,684 a change of 42.4%
22/05/2025 FTSE Closed at 8739 points. Change of -0.53%. Total value traded through LSE was: £ 5,088,072,082 a change of 2.41%
21/05/2025 FTSE Closed at 8786 points. Change of 0.06%. Total value traded through LSE was: £ 4,968,302,608 a change of -5.54%
20/05/2025 FTSE Closed at 8781 points. Change of -100%. Total value traded through LSE was: £ 5,259,543,985 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:FRES Fresnillo** **LSE:IAG British Airways** **LSE:IPF International Personal Finance** **LSE:RR. Rolls Royce** **LSE:TERN Tern Plc** **

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Updated charts published on : Fresnillo, British Airways, International Personal Finance, Rolls Royce, Tern Plc,


LSE:FRES Fresnillo. Close Mid-Price: 1171 Percentage Change: + 3.26% Day High: 1168 Day Low: 1103

In the event of Fresnillo enjoying further trades beyond 1168, the share ……..

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LSE:IAG British Airways Close Mid-Price: 332.8 Percentage Change: -0.06% Day High: 340 Day Low: 333

All British Airways needs are mid-price trades ABOVE 340 to improve acce ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 159.8 Percentage Change: + 2.04% Day High: 160 Day Low: 157

Continued trades against IPF with a mid-price ABOVE 160 should improve th ……..

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LSE:RR. Rolls Royce Close Mid-Price: 851 Percentage Change: -0.79% Day High: 871 Day Low: 847.2

Further movement against Rolls Royce ABOVE 871 should improve acceleratio ……..

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LSE:TERN Tern Plc. Close Mid-Price: 1.95 Percentage Change: + 5.41% Day High: 2.1 Day Low: 1.83

In the event of Tern Plc enjoying further trades beyond 2.1, the share sh ……..

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*** End of “Updated Today” comments on shares.

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