#FreeFutures
The last few years have witnessed considerably fewer dramatics on the FTSE, when the USA Payrolls figures are released on the first Friday of a month. It used to be a really big deal, FTSE movements often proven more dramatic than Wall St futures but nowadays, rather less so. But we keep a weather eye on movements at 1.30pm, just in case!
It’s easy to suspect the employment figures from the USA shall continue to show an improvement and maybe, this time around, when combined with forthcoming UK house price figures, there shall be sufficient excuse to blow the FTSE upward. It’s even the 5th November & Fireworks day, again an excuse for questionable good cheer. Quite why the nation is supposed to celebrate a failed attempt to blow up parliament escapes us. In France, a national holiday known as Bastille Day is assumed to celebrate the beginning of the end for the government and monarchy. Needless to say, in France itself, this national holiday isn’t really about politics and memories of history, instead an attempt to celebrate the nation coming together by taking the day off and enjoying fireworks.
Of course, 5th November isn’t a national holiday in the UK, a country notoriously parsimonious with such concepts. But there are signs the day should experience some gains on the stock market.
Currently trading around 7287 points, the FTSE needs exceed 7303 to hopefully trigger near term gains toward an initial 7326 points. While such a movement is pretty tame, our secondary calculation at 7365 points looks quite attainable. Our biggest concern with this scenario? It looks about as close to a sure things as the market ever gives! Our secondary target also intersects with the Blue downtrend which dates back to 2018, a level which shall doubtless provide sufficient excuse for some market collywobbles. The index needs trade below 7237 to scrub these potentials.
If we opt to review our reversal scenario, below 7237 now threatens the risk of reversal to an initial 7199 points. If broken, the market shall hopefully bottom at 7183 points.
Have a good weekend and remember, it’s the Mexican Grand Prix, one often worth watching.
Once again, many thanks to all the folks who effectively buy us a coffee by visiting some of the fascinating adverts which appear on this page.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:53:46PM | BRENT | 80.72 | 79.9 | 79.14 | 81.44 | 83.18 | 84.07 | 81.77 | ‘cess | ||
| 9:55:57PM | GOLD | 1792.19 | 1769 | 1757 | 1779 | 1799 | 1803 | 1777 | Success | ||
| 9:57:45PM | FTSE | 7278.71 | 7237 | 7220 | 7263 | 7292 | 7298 | 7271 | |||
| 9:59:45PM | FRANCE | 6997.8 | 6961 | 6952 | 6988 | 7000 | 7011 | 6980 | |||
| 10:01:46PM | GERMANY | 16022 | 15920 | 15885 | 15982 | 16065 | 16089 | 16018 | |||
| 10:03:53PM | US500 | 4677 | 4657 | 4650 | 4670 | 4684 | 4690 | 4667 | |||
| 10:05:47PM | DOW | 36093 | 35979 | 35900 | 36130 | 36185 | 36249 | 35995 | |||
| 10:09:00PM | NASDAQ | 16336.4 | 16161 | 16079 | 16228 | 16385 | 16472 | 16255 | ‘cess | ||
| 10:11:26PM | JAPAN | 29722 | 29587 | 29522.5 | 29692 | 29762 | 29787 | 29656 |
4/11/2021 FTSE Closed at 7279 points. Change of 0.43%. Total value traded through LSE was: £ 6,894,189,975 a change of 28.51%
3/11/2021 FTSE Closed at 7248 points. Change of -0.36%. Total value traded through LSE was: £ 5,364,561,051 a change of -4.12%
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%
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:BBY BALFOUR BEATTY** **LSE:BLVN Bowleven** **LSE:CEG Challenger Energy (aka Bahamas Pet)** **LSE:CNA Centrica** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:IHG Intercontinental Hotels Group** **LSE:QFI Quadrise** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **
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Updated charts published on : BALFOUR BEATTY, Bowleven, Challenger Energy (aka Bahamas Pet), Centrica, Diageo, Experian, Intercontinental Hotels Group, Quadrise, Sainsbury, Tesco,
LSE:BBY BALFOUR BEATTY Close Mid-Price: 247 Percentage Change: -1.20% Day High: 250.2 Day Low: 245
Target met. Continued weakness against BBY taking the price below 245 cal ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:BLVN Bowleven. Close Mid-Price: 4 Percentage Change: + 0.00% Day High: 4 Day Low: 4
Perhaps this is just a matter of time. still needing above 4.5 to trigger ……..
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View Previous Bowleven & Big Picture ***
LSE:CEG Challenger Energy (aka Bahamas Pet) Close Mid-Price: 0.8 Percentage Change: -5.88% Day High: 0.85 Day Low: 0.82
If this moves above 0.93, there’s a reasonable chance it is experiencing a ……..
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View Previous Challenger Energy (aka Bahamas Pet) & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 63.16 Percentage Change: + 1.87% Day High: 64.04 Day Low: 62.14
Target met. Further movement against Centrica ABOVE 64.04 should improve ……..
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View Previous Centrica & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 3770.5 Percentage Change: + 1.49% Day High: 3780.5 Day Low: 3702.5
Continued trades against DGE with a mid-price ABOVE 3780.5 should improve ……..
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View Previous Diageo & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 3480 Percentage Change: + 2.65% Day High: 3492 Day Low: 3389
Target met. In the event of Experian enjoying further trades beyond 3492, ……..
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View Previous Experian & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5214 Percentage Change: + 1.28% Day High: 5254 Day Low: 5152
Target met. All Intercontinental Hotels Group needs are mid-price trades ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:QFI Quadrise Close Mid-Price: 3.05 Percentage Change: -7.01% Day High: 3.25 Day Low: 2.88
Target met. Continued weakness against QFI taking the price below 2.88 ca ……..
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View Previous Quadrise & Big Picture ***
LSE:SBRY Sainsbury Close Mid-Price: 281.8 Percentage Change: -2.46% Day High: 286.9 Day Low: 273.2
If Sainsbury experiences continued weakness below 273.2, it will invariab ……..
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View Previous Sainsbury & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 275.6 Percentage Change: + 0.75% Day High: 277.3 Day Low: 273.65
All Tesco needs are mid-price trades ABOVE 277.3 to improve acceleration ……..
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View Previous Tesco & Big Picture ***