#FTSE #CAC40 Dinner table arguments, as every married couple knows, generally verge on the absurd. For instance, an attempt tonight to resolve a software issue quickly devolved into the utterly absurd with two brains toddling off in different directions. The basic question was quite simple. Is Zero an Odd or Even number? A masterful subject change became a rush to a computer to discover whether Southern Ireland is actually north of Northern Ireland. (It is! but Southern Ireland is just called Ireland, to be fair.)
As for Zero, we couldn’t agree but decided it safest to assume Zero isn’t a number, even though it is. After all, if we write ‘1’, we mean ‘one’ whereas if we write ‘100’ we mean ‘a hundred’. Therefore, zero must have a place in the world, despite some irritating software results. The whole nonsense conversation came about, due to finally trying to resolve an irritating software glitch. When postulating market futures, every now and then our initial ‘fast’ targets calculate with small decimals such as 0.12 or 0.25 and they shouldn’t. Once around 10 years had gone by, it was finally noticed this only happens when an index number ends in zero. The collection of formula which kicks into life is supposed to spit out a perfectly formed whole number target as the result. But when a days trading Open/Close/High/Low numbers are collated and calculated, we often see this irritating little decimal sidekick to the target number.
My wife opted to suggest short circuiting the process, forcing the final result to be rounded up or down, if an index value was greater than 1,000 points. Essentially, it became a “life’s too short” answer. It made sense but anxious not to leave her with a “win”, moving on to mentioning; ‘not many folk know Southern Ireland extends north of Northern Ireland’ returned our natter to an acceptable level of silly.
As for Taylor Wimpey LON:TW., we’re curious as to how the share price shall perform, given the ever growing price of raw materials for building. A recent visit to a builders yard to buy a few metres of a specific type of flooring was a horror show. The yard had ceased stocking the material, due to the price performing completely insanely, despite the timber market already being insane. The guy in the yard kept referring to his ipad for prices as they only order it in for specific sales. Eventually, the joke opportunity couldn’t be ignored and I described the product as being volatile, a Chipto Currency as opposed to a Crypto Currency. Needless to say, the humour needed explained, thanks to most folk being unaware of what happens with Crypto movements. But with Taylor Wimpey a doubtless victim of current Chipto Currency variations, surely their share price shall be at risk if building projects start to price themselves out of the market? (It can be assumed I was quite proud of my ChiptoCurrency joke as the flooring is made from wood chips, glued together, compressed, baked and weatherproof…)
Presently trading around 152p, weakness on Taylor Wimpey below 145p calculates with the potential of reversal to an initial 126p. If broken, our secondary calculates at a hopeful bottom around 107p, ideally a point where a bounce should occur.
In a normal world, we’d usually not be concerned as there’s already a strong argument suggesting the share price wants to head to 239p eventually, doubtless with some pause for thought at the 203p level. Unfortunately, thanks to movements in 2021 proving fairly tepid, doubt is establishing itself and unless the share manages above it’s prior high of 185p, we suspect it shall prove worth watching for a visit to the 107p level.
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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 |
| 9:47:33PM | BRENT | 83.94 | ‘cess | ||||||||
| 9:50:06PM | GOLD | 1788.19 | |||||||||
| 9:51:57PM | FTSE | 7271.21 | 7238 | 7220 | 7191 | 7282 | 7290 | 7304 | 7326 | 7256 | |
| 9:55:09PM | FRANCE | 6929 | 6896 | 6887 | 6871 | 6914 | 6931 | 6937.75 | 6947 | 6920 | Success |
| 10:05:40PM | GERMANY | 15956 | Success | ||||||||
| 10:13:47PM | US500 | 4628 | |||||||||
| 10:17:43PM | DOW | 36030 | ‘cess | ||||||||
| 10:26:40PM | NASDAQ | 15958 | Success | ||||||||
| 10:28:03PM | JAPAN | 29517 | 29431 | 29323 | 29215 | 29525 | 29647 | Clueless |
2/11/2021 FTSE Closed at 7274 points. Change of -0.19%. Total value traded through LSE was: £ 5,594,886,752 a change of 24.19%
1/11/2021 FTSE Closed at 7288 points. Change of 0.7%. Total value traded through LSE was: £ 4,505,252,834 a change of -24.3%
29/10/2021 FTSE Closed at 7237 points. Change of -0.17%. Total value traded through LSE was: £ 5,951,106,978 a change of 27.04%
28/10/2021 FTSE Closed at 7249 points. Change of -0.06%. Total value traded through LSE was: £ 4,684,429,352 a change of -6.92%
27/10/2021 FTSE Closed at 7253 points. Change of -0.33%. Total value traded through LSE was: £ 5,032,708,114 a change of -16.48%
26/10/2021 FTSE Closed at 7277 points. Change of 0.76%. Total value traded through LSE was: £ 6,025,954,185 a change of 32.49%
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%
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:AFC AFC Energy** **LSE:AVCT Avacta** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:HL. Hargreaves Lansdown** **LSE:ITM ITM Power** **LSE:OPG OPG Power Ventures** **LSE:QFI Quadrise** **LSE:SCLP Scancell** **LSE:VOG VICTORIA** **
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Updated charts published on : AFC Energy, Avacta, Diageo, Experian, Hargreaves Lansdown, ITM Power, OPG Power Ventures, Quadrise, Scancell, VICTORIA,
LSE:AFC AFC Energy Close Mid-Price: 59.9 Percentage Change: -7.28% Day High: 67.2 Day Low: 59.2
In the event of AFC Energy enjoying further trades beyond 67.2, the share ……..
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View Previous AFC Energy & Big Picture ***
LSE:AVCT Avacta Close Mid-Price: 110 Percentage Change: -8.94% Day High: 113.5 Day Low: 98
Continued weakness against AVCT taking the price below 98 calculates as l ……..
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View Previous Avacta & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 3713.5 Percentage Change: + 1.56% Day High: 3715.5 Day Low: 3657.5
Target met. All Diageo needs are mid-price trades ABOVE 3715.5 to improve ……..
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View Previous Diageo & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 3388 Percentage Change: + 0.12% Day High: 3411 Day Low: 3372
Further movement against Experian ABOVE 3411 should improve acceleration ……..
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View Previous Experian & Big Picture ***
LSE:HL. Hargreaves Lansdown. Close Mid-Price: 1581.5 Percentage Change: + 1.35% Day High: 1581.5 Day Low: 1553
Above 1625 should now bring an initial 1672 with secondary, if bettered, c ……..
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View Previous Hargreaves Lansdown & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 487 Percentage Change: -4.42% Day High: 519.5 Day Low: 480.4
In the event of ITM Power enjoying further trades beyond 519.5, the share ……..
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View Previous ITM Power & Big Picture ***
LSE:OPG OPG Power Ventures. Close Mid-Price: 15 Percentage Change: + 3.45% Day High: 15.5 Day Low: 14.62
All OPG Power Ventures needs are mid-price trades ABOVE 15.5 to improve a ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:QFI Quadrise Close Mid-Price: 3.45 Percentage Change: -2.95% Day High: 3.3 Day Low: 3.21
In the event Quadrise experiences weakness below 3.21 it calculates with ……..
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View Previous Quadrise & Big Picture ***
LSE:SCLP Scancell. Close Mid-Price: 19.88 Percentage Change: + 4.61% Day High: 20 Day Low: 18.88
If Scancell experiences continued weakness below 18.88, it will invariabl ……..
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View Previous Scancell & Big Picture ***
LSE:VOG VICTORIA Close Mid-Price: 3.1 Percentage Change: -0.80% Day High: 3.14 Day Low: 3.1
Weakness on VICTORIA below 3.1 will invariably lead to 2.75 with secondar ……..
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View Previous VICTORIA & Big Picture ***