For some reason, December always feels like a month which runs on “fast forward”, at least 2x normal speed. Until, of course, Xmas day dawns with the agony of waiting to discover if the present for your other half either fits, is the right colour, the right shoe size, the correct wattage, or whatever. As someone who, honestly, was given an electric food blender for his birthday a few days ago, it appears the rules have changed and this year, perhaps I should’ve opted to buy my wife a new electric iron.
The food blender thing wasn’t even a joke, instead an attempt to address something I moan about weekly. The problem was, I make my own bread, always complaining about the process of blending the ingredients and kneading the dough. To put this into context, mixing the various flours takes a couple of minutes, kneading the dough takes just 3 minutes. (It’s bread, just not as sane people know it. Gluten free and suitable for a Keto diet). When I attempted to use the blender, the mix process worked aside from everything clinging to the bowl. After adding liquid and plugging in the kneading attachments, the true problem reared its head, the dough paste opting to cling to the walls of the bowl and requiring scraped off constantly, in the hope the heavyweight spinning metal would pay attention. Rather a lot of the product found itself clinging to my person or the wall.
From start to finish (including cleaning it), the process took over 30 minutes. Instead of just 5 minutes. Thankfully it only took a few minutes to put it back in its box, never to be used again.
What has this got to do with the FTSE? Very little, if being honest other than justified irritation at being given the answer to a problem which didn’t exist.
Obviously, many traders must feel a deep seated need to pummel the market like bread dough! But that’s not it. It’s more a case of stepping back to examine things, along with a realisation the FTSE has spent this week messing around. Every day, the market has opened down, only to spend the rest of the session recovering. The lack of any appreciable gain is a little worrisome but perhaps we shouldn’t moan about it. Instead, just wait until the UK discovers sufficient excuse to take above the high of the week, 7183 points.
We can analyse things all day but until the market actually makes a move, it’s far too complicated to search for answers. In the case of the FTSE, until it’s actually discovered the latest branding of Covid-19 is serious, things shall doubtless remain marching on the spot.
From a near term perspective, should the FTSE manage above 7183, we can calculate the potential of movement to an initial 7220 points. If exceeded, our secondary works out at 7261 points.
Our alternate scenario required the UK index to weaken below 7070 as this risks triggering an unpleasant series of reversals. Initially, we’re looking for 7035 points with secondary, if broken, at a bottom (ideally) at 6986 points. Below 6986 has a warning, our software suggesting a cycle to an eventual 6686 becomes possible.
Have a good weekend and remember to enjoy the first ever Saudi grand prix.
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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 |
| 9:28:43PM | BRENT | 70.23 | 68.04 | 67.0375 | 70.65 | 70.62 | 70.86 | 69.1 | Success | ||
| 9:31:39PM | GOLD | 1767.97 | 1763 | 1759 | 1770 | 1782 | 1786 | 1772 | Success | ||
| 9:35:11PM | FTSE | 7158 | 7077 | 7052 | 7117 | 7162 | 7196 | 7081 | |||
| 9:36:48PM | FRANCE | 6831.6 | 6760 | 6740 | 6820 | 6849 | 6879 | 6799 | |||
| 9:39:21PM | GERMANY | 15358 | 15177 | 15161 | 15295 | 15399 | 15453 | 15298 | |||
| 9:41:38PM | US500 | 4583.67 | 4506 | 4485 | 4566 | 4595 | 4601 | 4565 | |||
| 9:44:46PM | DOW | 34715 | 34283 | 34177 | 34528 | 34762 | 34900 | 34505 | Success | ||
| 9:51:02PM | NASDAQ | 16013 | 15763 | 15707 | 15990 | 16067 | 16108 | 15904 | Success | ||
| 9:52:58PM | JAPAN | 27902 | 27498 | 27374 | 27658 | 27961 | 28101 | 27789 | ‘cess |
2/12/2021 FTSE Closed at 7129 points. Change of -0.54%. Total value traded through LSE was: £ 5,618,064,136 a change of -12.19%
1/12/2021 FTSE Closed at 7168 points. Change of 1.54%. Total value traded through LSE was: £ 6,397,928,527 a change of -42.03%
30/11/2021 FTSE Closed at 7059 points. Change of -0.7%. Total value traded through LSE was: £ 11,036,747,551 a change of 76.98%
29/11/2021 FTSE Closed at 7109 points. Change of 0.92%. Total value traded through LSE was: £ 6,236,169,403 a change of -24.07%
26/11/2021 FTSE Closed at 7044 points. Change of -3.64%. Total value traded through LSE was: £ 8,213,079,898 a change of 119.92%
25/11/2021 FTSE Closed at 7310 points. Change of 0.33%. Total value traded through LSE was: £ 3,734,503,289 a change of -30.71%
24/11/2021 FTSE Closed at 7286 points. Change of 0.28%. Total value traded through LSE was: £ 5,389,556,678 a change of 0.75%
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:AML Aston Martin** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:EMG MAN** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:POLY Polymetal** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Aston Martin, British Telecom, Carnival, Darktrace Plc, MAN, Gulf Keystone, Hikma, Hargreaves Lansdown, Polymetal, Taylor Wimpey,
LSE:AML Aston Martin Close Mid-Price: 1411.5 Percentage Change: -8.05% Day High: 1508.5 Day Low: 1389.5
Target met. If Aston Martin experiences continued weakness below 1389.5, ……..
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View Previous Aston Martin & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 169 Percentage Change: + 1.62% Day High: 171.8 Day Low: 163
All British Telecom needs are mid-price trades ABOVE 171.8 to improve acc ……..
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View Previous British Telecom & Big Picture ***
LSE:CCL Carnival Close Mid-Price: 1188 Percentage Change: -3.26% Day High: 1191.6 Day Low: 1131.2
Continued weakness against CCL taking the price below 1131.2 calculates a ……..
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View Previous Carnival & Big Picture ***
LSE:DARK Darktrace Plc Close Mid-Price: 433.8 Percentage Change: -8.98% Day High: 479.8 Day Low: 435
If Darktrace Plc experiences continued weakness below 435, it will invari ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:EMG MAN Close Mid-Price: 212.2 Percentage Change: -3.81% Day High: 218.5 Day Low: 211.1
Continued weakness against EMG taking the price below 211.1 calculates as ……..
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View Previous MAN & Big Picture ***
LSE:GKP Gulf Keystone Close Mid-Price: 176.6 Percentage Change: -1.34% Day High: 179 Day Low: 172.6
Target met. In the event Gulf Keystone experiences weakness below 172.6 i ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 2203 Percentage Change: -2.00% Day High: 2246 Day Low: 2176
If Hikma experiences continued weakness below 2176, it will invariably le ……..
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View Previous Hikma & Big Picture ***
LSE:HL. Hargreaves Lansdown Close Mid-Price: 1307 Percentage Change: -1.54% Day High: 1325.5 Day Low: 1298.5
Weakness on Hargreaves Lansdown below 1298.5 will invariably lead to 1228 ……..
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View Previous Hargreaves Lansdown & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 1360 Percentage Change: -0.29% Day High: 1365.5 Day Low: 1347
This appears to be setting itself up for a reversal, needing below 1333 to ……..
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View Previous Polymetal & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 161.8 Percentage Change: -0.34% Day High: 166.3 Day Low: 158.2
In the event of Taylor Wimpey enjoying further trades beyond 166.3, the s ……..
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View Previous Taylor Wimpey & Big Picture ***