FTSE for FRIDAY (FTSE:UKX), trading around 10,399 at time of writing.

The breath taking arrogance of UK politicians has proven quite distasteful, while we await the results from a parliamentary seat somewhere near Manchester. We used to see this sort of thing in Scotland, where Labour politicians treated the public vote as theirs, each election promising a guaranteed seat at the trough Eventually, the penny dropped with the electorate, the entitled Labour politicians ejected almost entirely and replaced by an SNP government, an organisation which has managed to produce its own “entitled” troughers and is now paying the price. Hopefully we shall reach a stage where local independent politicians start to take seats as it’s becoming clear large political parties only owe allegiance to themselves, rather than the electorate.

It would be lovely if the results from Manchester toppled the smarmy expectations, though this would risk the current UK Prime Minister staying in place longer. Unfortunately, our suspicion is the Labour guy shall take the seat as he’s disturbingly confident he’s about to be anointed as the next PM.

Making Thursday even more irritating was the Bank of England, opting to continue their suffocating assault on the UK economy. They could easily have surfed the “glory” of the previous evenings England football match, celebrating by doing something positive with interest rates. Unfortunately, the political masters of the BoE clearly do not approve of such an action, so the entire country (and stock market) continues to be suffocated by a central bank following an economic policy which is a proven failure.

It certainly appears the case the FTSE was far from impressed by the BoE actions, setting things up for a Friday with reversals expected. Now below 10.375 looks capable of triggering reversal to an initial 10,335 with our secondary, if broken, at 10,256 and hopefully a rebound. However, it’s worth pointing out the danger of a third level, should the UK index find an excuse to close below 10,256 as a further journey to 10,033 is expected and a very probable market bottom.

Then again, the market does not need to work hard to express some optimism, only needing above 10,435 to trigger gains in the direction of 10,509 points with our secondary, if bettered, at 10,642 points.

From the feel of things, we suspect reversals shall be on the cards.

Have a good weekend.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
11:42:36PM	BRENT	7854.6	7625	7481	6176	8317	7931	7970	8100	7801
11:45:10PM	GOLD	4204.66	4201	4189	4142	4234	4276	4284	4312	4242
11:47:44PM	FTSE	10401.4	10376	10340	10279	10421	10470	10501	10542	10426
11:51:42PM	STOX50	6327.2	6242	6203	6156	6302	6344	6365	6397	6276
11:53:57PM	GERMANY	25046.3	24835	24735	24612	25010	25104	25163	25224	25021
11:09:49PM	US500	7497	7402	7347	7270	7491	7531	7571	7627	7488
11:13:23PM	DOW	51569.5	51478	51236	50885	51716	52243	52302	53164	51980
11:16:07PM	NASDAQ	30361.2	29962	29770	29540	30220	30468	30551	30868	30325
11:34:15PM	JAPAN	71824	71060	70799	70363	71529	72114	73530	75127	71470

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…

In the event of Natwest enjoying further trades beyond 641.2, the share s ……..

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View Previous Natwest & Big Picture ***

FTSE for FRIDAY (FTSE:UKX), trading around 10,399 at time of writing.

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

LSE:BBY BALFOUR BEATTY. Close Mid-Price: 871 Percentage Change: + 0.00% Day High: 0 Day Low: 0

LSE:BP. BP PLC. Close Mid-Price: 490.05 Percentage Change: + 0.00% Day High: 0 Day Low: 0

LSE:EMG MAN. Close Mid-Price: 299.2 Percentage Change: + 0.00% Day High: 0 Day Low: 0

LSE:EXPN Experian. Close Mid-Price: 2509 Percentage Change: + 0.00% Day High: 0 Day Low: 0

LSE:HSBA HSBC. Close Mid-Price: 1442.4 Percentage Change: + 0.00% Day High: 0 Day Low: 0

LSE:IAG British Airways. Close Mid-Price: 463.1 Percentage Change: + 0.00% Day High: 0 Day Low: 0

LSE:ITRK Intertek. Close Mid-Price: 5815 Percentage Change: + 0.00% Day High: 0 Day Low: 0

LSE:NWG Natwest. Close Mid-Price: 641.2 Percentage Change: + 0.00% Day High: 0 Day Low: 0

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

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