#STOXX #NASDAQ A recent Appeal Court judgement, from memory something to do with the usually poisonous issue of transgender rights, proved “interesting”. The lengthy written judgement, designed to expand upon the judges decision and provide clarity, became an issue. The initial written judgement, it was decided, needed clarification as it cited as “case law” previous court cases, ones where the decision was completely contrary to that claimed in the “written judgement”. It was quickly “leaked” the judgement had been written by AI and the software was experiencing issues with the nuances of the English language.
In other words, software could not cope with the subtlety of the classic Panda explanation, “Eats, Shoots, & Leaves”. The delicious mental picture of a Panda wandering into an enclosure, gunning down a zoo keeper, eating the body and leaving to catch the Number 9 bus, is at odds with the Panda diet of bamboo shoots and leafs. Legal finesse of the language had confused an AI, pointed in the direction of bodging together a major “Written Justification” in a case where the confusion of gender was already present.
We immediately thought of Relx Plc, their stated aim being the gibberish of;
We utterly distrust the current hype around AI, constantly expecting the bubble of optimism to messily burst, and were obviously amused at such a major judgement being justified by citing court cases where exactly the opposite had happened. No matter what, the implications for the legal system were not ideal, especially as so-called “AI” had just revealed its ambitions to be a “text to speech” software design, one which utterly lacked any semblance of intelligence. Unless it believed a mental picture of a Panda toting a Kalashnikov AK47.
Relx Plc share price, despite halving in recent months, still does not describe a market which has lost faith (in the false god) of AI. In fact, it’s still quite far from the point where we need fear a stake is being driven through its heart. Currently, below 2674p should trigger reversals to an initial 2382p and a possible bounce. Our secondary, if such a level breaks, calculates fairly close by at 1882p.
This secondary is a major issue. It takes the share price below an uptrend since 2012, exposing the painful reality of a potential future share price collapse to an eventual ridiculous sounding 13p. Which probably would be something of a disappointment to those surfing the AI wave. Unfortunately, there are plenty of shares, where once enthusiastic holders boast “the price was once xyz” with a plaintive note, believing it could head that way again.
At time of writing, Relx Plc share price needs above 3150p to indicate a sharp change in fortunes, giving an initial 3447 with our secondary, if bettered, at 3712p. We’re not optimistic for such an outcome. For now, we’re stuck with the title of a tune by Frankie Goes to Hollywood, quite unfair when applied to a corporate such as Relx Plc…
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:27:13PM | BRENT | 6758.7 | ‘cess | ||||||||
| 10:28:19PM | GOLD | 5415.88 | |||||||||
| 10:31:39PM | FTSE | 10159 | Success | ||||||||
| 10:35:43PM | STOX50 | 5941.2 | 5920 | 5880 | 5826 | 5950 | 5973 | 5989 | 6012 | 5934 | Success |
| 10:40:31PM | GERMANY | 24874 | Success | ||||||||
| 10:43:58PM | US500 | 6987.3 | |||||||||
| 10:54:01PM | DOW | 48974 | |||||||||
| 10:57:20PM | NASDAQ | 26138.1 | 25867 | 25783 | 25639 | 26067 | 26215 | 26353 | 26515 | 26124 | ‘cess |
| 10:59:59PM | JAPAN | 53729 | ‘cess |
28/01/2026 FTSE Closed at 10154 points. Change of -0.52%. Total value traded through LSE was: £ 7,361,268,388 a change of 11.9%
27/01/2026 FTSE Closed at 10207 points. Change of 0.58%. Total value traded through LSE was: £ 6,578,616,321 a change of 11.32%
26/01/2026 FTSE Closed at 10148 points. Change of 0.05%. Total value traded through LSE was: £ 5,909,471,540 a change of -3.4%
23/01/2026 FTSE Closed at 10143 points. Change of -0.07%. Total value traded through LSE was: £ 6,117,563,035 a change of -17.66%
22/01/2026 FTSE Closed at 10150 points. Change of 0.12%. Total value traded through LSE was: £ 7,429,608,745 a change of -10.7%
21/01/2026 FTSE Closed at 10138 points. Change of 0.12%. Total value traded through LSE was: £ 8,319,716,543 a change of -14.69%
20/01/2026 FTSE Closed at 10126 points. Change of -0.68%. Total value traded through LSE was: £ 9,752,396,465 a change of 107.45% 
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:AAL Anglo American** **LSE:CNA Centrica** **LSE:EXPN Experian** **LSE:GLEN Glencore Xstra** **LSE:IGG IG Group** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:VOD Vodafone** **
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Updated charts published on : Anglo American, Centrica, Experian, Glencore Xstra, IG Group, Lloyds Grp., National Glib, Oxford Instruments, Primary Health, Scottish Mortgage Investment Trust, Spirax, Vodafone,
LSE:AAL Anglo American. Close Mid-Price: 3476 Percentage Change: + 0.78% Day High: 3553 Day Low: 3446
Target met. Continued trades against AAL with a mid-price ABOVE 3553 shou ……..
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View Previous Anglo American & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 190.95 Percentage Change: + 1.81% Day High: 190.6 Day Low: 186.7
Target met. Continued trades against CNA with a mid-price ABOVE 190.6 sho ……..
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View Previous Centrica & Big Picture ***
LSE:EXPN Experian Close Mid-Price: 2719 Percentage Change: -2.37% Day High: 2791 Day Low: 2720
Target met. If Experian experiences continued weakness below 2720, it wil ……..
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View Previous Experian & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 505.8 Percentage Change: + 0.40% Day High: 510 Day Low: 501.7
All Glencore Xstra needs are mid-price trades ABOVE 510 to improve accele ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 1372 Percentage Change: + 0.59% Day High: 1371 Day Low: 1359
All IG Group needs are mid-price trades ABOVE 1371 to improve acceleratio ……..
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View Previous IG Group & Big Picture ***
LSE:LLOY Lloyds Grp. Close Mid-Price: 104.5 Percentage Change: -0.71% Day High: 105.5 Day Low: 103.85
In the event of Lloyds Grp. enjoying further trades beyond 105.5, the sha ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1230.5 Percentage Change: + 0.65% Day High: 1231 Day Low: 1213
Further movement against National Glib ABOVE 1231 should improve accelera ……..
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View Previous National Glib & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2540 Percentage Change: + 0.99% Day High: 2570 Day Low: 2510
Target met. Continued trades against OXIG with a mid-price ABOVE 2570 sho ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:PHP Primary Health. Close Mid-Price: 106 Percentage Change: + 0.66% Day High: 106.2 Day Low: 105
Target met. In the event of Primary Health enjoying further trades beyond ……..
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View Previous Primary Health & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 1235.5 Percentage Change: + 2.11% Day High: 1238 Day Low: 1211
Target met. Continued trades against SMT with a mid-price ABOVE 1238 shou ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 7330 Percentage Change: -0.81% Day High: 7510 Day Low: 7280
Further movement against Spirax ABOVE 7510 should improve acceleration to ……..
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View Previous Spirax & Big Picture ***
LSE:VOD Vodafone. Close Mid-Price: 106.3 Percentage Change: + 0.66% Day High: 106.35 Day Low: 104.65
Continued trades against VOD with a mid-price ABOVE 106.35 should improve ……..
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View Previous Vodafone & Big Picture ***