A day which was supposed to be spent “going fishing” turned into one of these “I went into the kitchen for X, came across Y and was distracted, finally going somewhere else for Z. And completely forgot X” days. Needless to say, we were not even going to get to the point where fishing rods were attached to the car. But when the pair of us went into the kitchen to make a couple of flasks of coffee, my chum asked if I’d a sparkplug suitable for his garden lawnmower. So while the coffee machine was slaving away, we went out to the workshop to dig out a plug and the chainsaws caught his eye.
Apparently his neighbours have agreed the monster hedge between their properties can come down and they’ll go 50:50 on a new fence. But no-one approves the quotes from contractors, feeling between 5 and 7 thousand pounds to be a bit of a rip off. When my chum saw my chainsaws, he suddenly had a “good idea”, asking if he could borrow a 26 inch machine to tackle his hedge. Of course, I was happy to oblige, though suggested a quick lesson on how to tackle a hedge would be considerably beneficial. The problem using a chainsaw to tackle a bush comes from the sheer volume of vegetation sucked back into the saw. The trick is quite simple, using the top side of the saw blade for the cutting stroke, this ensuring vegetation was flung away from the machine.
I suggested we go up to our log cutting area for a demonstration as we’ve a holly bush which must be terminated this year as it has ideas above its station. Leaving the coffee machine to finish, we headed up to the cutting area, started the machine, and I demonstrated the easiest way to remove bushes, even slashing into a rhododendron bush as a secondary example of this supposedly safe cutting technique. When this routine was finished, my chum asked how long a tree had been in the stream! A large chunk of what looked like Beech visually was blocking the stream, though water was somehow making itself under the tree without any impromptu swimming pools being formed. This lump of tree had silently been swept over the waterfall, almost certainly in a position to block the stream during the next confluence of water, due to heavy weather. It made sense for us to attack this tree trunk, even fetching a 4 ton winch to drag the thing up the bank.
At some point, the coffee was remembered, so we made ourselves comfortable while enjoying the view, a distant military ship of some sort doing impressive patrol manoeuvres in the sea, fairly close to the secret nuclear submarine base. The presence of a couple of powerful tug boats also brought the suggestion the naval destroyer was working in concert with a submerged vessel. We suspect someone has decreed these big commercial tugs MUST be available in case the “pride of Britain’s Fleet” breaks down. It was just another Thursday, though one with extraordinary good weather.
Fishing was completely forgotten and it was all because my friend asked for a spark plug, creating a new high in the usual game of “I went into the kitchen and…” But we did make plans to do fishing things next week, weather allowing.
As for the FTSE, above 10524 should trigger movement to an initial 10583 with our secondary, if beaten, at 10657 points. This secondary, matching market highs since the start of April, is almost certain to provoke market hesitation. It looks like the FTSE shall need above 10,690 points to provoke the upward cycle which is apparently coming.
If things intend go wrong for the FTSE, below 10358 risks triggering reversal down to an initial 10196 with our secondary, if broken, down at 10034 along with the potential for a rebound.
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 |
| 11:28:03PM | BRENT | 10045.3 | 9583 | 9442 | 9207 | 9852 | 10140 | 10267 | 10739 | 9800 | Success |
| 11:31:02PM | GOLD | 4691.35 | 4665 | 4655 | 4616 | 4710 | 4742 | 4769 | 4804 | 4716 | Success |
| 11:35:46PM | FTSE | 10379 | 10341 | 10322 | 10272 | 10400 | 10471 | 10516 | 10575 | 10431 | Success |
| 11:38:31PM | STOX50 | 5852.9 | 5825 | 5733 | 5619 | 5867 | 5911 | 5953 | 6007 | 5871 | ‘cess |
| 11:40:37PM | GERMANY | 24087 | 23838 | 23705 | 23520 | 24000 | 24260 | 24363 | 24538 | 25083 | |
| 11:46:56PM | US500 | 7117.3 | 7058 | 7022 | 6980 | 7096 | 7148 | 7196 | 7234 | 7048 | Shambles |
| 11:52:19PM | DOW | 49215.9 | 48953 | 48800 | 48451 | 49240 | 49523 | 50098 | 50769 | 49315 | |
| 11:44:27PM | NASDAQ | 26951.5 | 26533 | 26490 | 26321 | 26713 | 26997 | 27153 | 27358 | 26856 | Shambles |
| 11:47:29PM | JAPAN | 59333 | 58282 | 58220 | 57560 | 58890 | 59538 | 60199 | 60474 | 59178 | Success |
23/04/2026 FTSE Closed at 10457 points. Change of -0.18%. Total value traded through LSE was: £ 6,985,316,582 a change of -3.94%
22/04/2026 FTSE Closed at 10476 points. Change of -0.21%. Total value traded through LSE was: £ 7,271,923,237 a change of 4.79%
21/04/2026 FTSE Closed at 10498 points. Change of -1.05%. Total value traded through LSE was: £ 6,939,310,505 a change of -19.68%
20/04/2026 FTSE Closed at 10609 points. Change of -0.54%. Total value traded through LSE was: £ 8,639,261,853 a change of -7.81%
17/04/2026 FTSE Closed at 10667 points. Change of 0.74%. Total value traded through LSE was: £ 9,370,886,318 a change of 52.53%
16/04/2026 FTSE Closed at 10589 points. Change of 0.28%. Total value traded through LSE was: £ 6,143,664,232 a change of -12.74%
15/04/2026 FTSE Closed at 10559 points. Change of -0.47%. Total value traded through LSE was: £ 7,040,462,072 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:EMG MAN** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:IQE IQE** **
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Updated charts published on : MAN, Foxtons, Genel, IQE,
LSE:EMG MAN Close Mid-Price: 245.6 Percentage Change: -7.32% Day High: 266.4 Day Low: 240.2
Below 240 strongly suggests coming reversal to an initial 224 with seconda ……..
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View Previous MAN & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 41.55 Percentage Change: -5.57% Day High: 43.8 Day Low: 41.55
Target met. In the event Foxtons experiences weakness below 41.55 it calc ……..
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View Previous Foxtons & Big Picture ***
LSE:GENL Genel Close Mid-Price: 50.5 Percentage Change: -0.98% Day High: 52.2 Day Low: 50.2
If Genel experiences continued weakness below 50.2, it will invariably le ……..
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View Previous Genel & Big Picture ***
LSE:IQE IQE Close Mid-Price: 49.75 Percentage Change: -20.53% Day High: 64.5 Day Low: 42
This has suddenly got a little fruity as weakness below 42 should next drt ……..
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View Previous IQE & Big Picture ***