France, the CAC40 Index. (EU:PX1)
It took a low flying Chinook helicopter to initiate a classic ‘just stop & think’ moment. Determined to ensure grand-daughters enjoy their next visit, time spent on Youtube discovering how to make bottle rockets from 2ltr coke bottles had revealed something more interesting. The girls already enjoy target shooting and what could be better than aiming a crossbow at a plastic bottle target, a hit making a successful ‘kaboom’ and the bottle vanishes in a mist of water.
Apparently, inflating a 2ltr bottle, half filled with water, to a pressure of 30 pounds per square inch (psi), would give the desired result. Obviously, it was important to build a practice rig and as the massive Chinook flew overhead, I was nervously watching a Pepsi bottle making ominous creaks and groans while the compressor bravely pumped away. As it achieved 10 psi, wondering why we’ve been buzzed by military hardware on several occasions recently, a little alarm bell rung. The nearby city of Glasgow is about to host a major Climate Conference, world leaders are attending, the military will be keeping a weather eye on everything. And meanwhile, I was about to conduct a very loud experiment designed to impress a 10 year old firing a crossbow. Needless to say, as the Climate Conference kicks off this weekend, the girls will attending a local softplay, walking the dog, and generally trying to avoid anything which sounds like an serious explosion. The collection of empty plastic bottles were placed in the green recycling bin, just as Boris Johnston announced this was also a waste of time…
The above, obviously, has nothing to do with France, other than the fact their countries leadership shall be in Glasgow for this Climate jamboree. Oh, and the rather important detail the CAC40 is looking fairly positive at the moment. The index finally exceeded the pre-pandemic level back in April (the FTSE still isn’t close) and has performed pretty strongly since. Despite some recent questionable behaviour, we suspect France intends continue growth. Already, the index has challenged its previous all time high of 6928 points back in 2001, achieving 6914 points this August. Perhaps this imaginary “Double Top” shall be blamed for causing hesitation but with a 20 year hiatus between the highs, we have doubts. According to our software, the CAC40 needs reverse below 6230 before any dip must be taken seriously.
Instead, the index only requires above 6800 points to suggest Big Picture influences shall exert themselves, calculating with a cycle to an initial 7350 points. If bettered, our longer term secondary works out at 7591 points and we emphatically would expect hesitation at such a level.
To visit the dark side, the index needs below 6230 points. Movement such as this works out with a reversal potential to an initial 5973 with secondary, if broken, at 5654 points. Perhaps more painfully, reversal such as this risks fouling up all Big Picture calculations, forcing us back to the drawing board.
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:13:26PM | BRENT | 85.26 | ‘cess | ||||||||
| 10:15:04PM | GOLD | 1808 | 1791 | 1789 | 1782 | 1800 | 1810 | 1813.5 | 1818 | 1796 | |
| 10:17:17PM | FTSE | 7236.78 | Shambles | ||||||||
| 10:19:44PM | FRANCE | 6715.5 | ‘cess | ||||||||
| 10:22:45PM | GERMANY | 15645.61 | |||||||||
| 10:26:28PM | US500 | 4573.27 | 4538 | 4530 | 4515 | 4560 | 4575 | 4584 | 4597 | 4555 | ‘cess |
| 10:29:28PM | DOW | 35761.4 | |||||||||
| 10:32:24PM | NASDAQ | 15548.22 | Success | ||||||||
| 10:37:58PM | JAPAN | 28799 |
25/10/2021 FTSE Closed at 7222 points. Change of 0.25%. Total value traded through LSE was: £ 4,548,373,792 a change of -2.6%
22/10/2021 FTSE Closed at 7204 points. Change of 0.19%. Total value traded through LSE was: £ 4,669,794,204 a change of -12.27%
21/10/2021 FTSE Closed at 7190 points. Change of -0.46%. Total value traded through LSE was: £ 5,323,076,986 a change of 2.72%
20/10/2021 FTSE Closed at 7223 points. Change of 0.08%. Total value traded through LSE was: £ 5,182,365,180 a change of -1.88%
19/10/2021 FTSE Closed at 7217 points. Change of 0.19%. Total value traded through LSE was: £ 5,281,678,962 a change of 1.68%
18/10/2021 FTSE Closed at 7203 points. Change of -0.43%. Total value traded through LSE was: £ 5,194,650,270 a change of -14.83%
15/10/2021 FTSE Closed at 7234 points. Change of 0.37%. Total value traded through LSE was: £ 6,099,387,832 a change of 10.37%
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:BARC Barclays** **LSE:BT.A British Telecom** **LSE:EMG MAN** **LSE:FRES Fresnillo** **LSE:MKS Marks and Spencer** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **
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Updated charts published on : Barclays, British Telecom, MAN, Fresnillo, Marks and Spencer, Rolls Royce, Sainsbury, Scancell,
LSE:BARC Barclays. Close Mid-Price: 200.6 Percentage Change: + 0.87% Day High: 203.85 Day Low: 199.44
All Barclays needs are mid-price trades ABOVE 203.85 to improve accelerat ……..
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View Previous Barclays & Big Picture ***
LSE:BT.A British Telecom Close Mid-Price: 135.2 Percentage Change: -1.10% Day High: 137.4 Day Low: 135.15
In the event British Telecom experiences weakness below 135.15 it calcula ……..
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View Previous British Telecom & Big Picture ***
LSE:EMG MAN Close Mid-Price: 236.1 Percentage Change: -0.08% Day High: 239.1 Day Low: 235.2
Target met. Further movement against MAN ABOVE 239.1 should improve accel ……..
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View Previous MAN & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 923 Percentage Change: + 0.70% Day High: 924.2 Day Low: 900.8
Target met. Continued trades against FRES with a mid-price ABOVE 924.2 sh ……..
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View Previous Fresnillo & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 182.15 Percentage Change: + 2.36% Day High: 184.65 Day Low: 177.5
This is a bit of a mess, trading marginally above the pre-pandemic drop le ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 132.54 Percentage Change: -1.89% Day High: 136.14 Day Low: 131.24
If Rolls Royce experiences continued weakness below 131.24, it will invar ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 295.9 Percentage Change: + 0.78% Day High: 301 Day Low: 293.6
In the event of Sainsbury enjoying further trades beyond 301, the share s ……..
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View Previous Sainsbury & Big Picture ***
LSE:SCLP Scancell. Close Mid-Price: 21.5 Percentage Change: + 0.00% Day High: 21.75 Day Low: 21.5
This continues to flatline but the visuals suggest the share is approachin ……..
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View Previous Scancell & Big Picture ***