Our famous FTSE for FRIDAY

#FreeFutures The section of Google News labelled “Entertainment” can prove quite telling. Currently, among all the 3rd rate celeb gossip, there are links to Boris Johnston antics, along with Prince Andrew commentary. It certainly gives a clue as to how events in the UK are rated internationally, even giving a really funny headline; ‘The Andrew Formerly Known As Prince’. However, it’s pleasing to note the UK’s FTSE no longer deserves inclusion in the funny section of Google.

With the FTSE now trading above the pre-pandemic level on 7,550, we’re hopeful the UK follows the rest of the world in copying what happened next. For instance, France & Germany enjoy markets which have grown 20% since exceeding their respective highs, Wall St also painting a 20% gain while the S&P and Nasdaq vary between 33 and 50% growth. Obviously, the world doesn’t lack pundits who’ve been complaining the growth rates are unsustainable, making us wonder how many years something needs stay positive before they admit their attitude was incorrect!

 

For the UK to follow the French and German models, we should now be planning for a period of growth on the FTSE, perhaps to around the 9,000 point level. Certainly, when we balance such optimism against current headlines (Prince Andrew, Boris, worst Covid death rate, China spies, more Boris, someone leaving East Enders, etc), it becomes difficult to pretend confidence for the future. However, other countries appear to be flourishing, despite their own infestation of domestic drama. Perhaps we are finally witnessing a proper separation between the Entertainment sector (Politics) and the Business sector. Certainly, the USA managed to perform quite nicely, perhaps despite Mr Trump.

However, we do intend stick to our rhetoric and anticipate some proper FTSE 100 hesitation around the 8,100 point level, despite how the rest of the world performed once each country exceeding their pre-pandemic high during the last 18 months.

 

Near term, above 7,568 points calculates with the potential of ongoing recovery to an initial 7,613 points. If bettered, we can suggest a secondary at 7,636 points as a viable ambition. To be honest, we must regard the current cycle as pointing toward 7,730 points, hopefully appearing within living memory. Despite this first complete week of the year as producing positive movements, the FTSE certainly hasn’t been flamboyant with outlandish daily rises. The index needs below 7,422 to spoil the immediate party.

For a real issue to enter the frame, the UK index needs now retreat below Blue on the chart, this being a downtrend which dates back to the start of 2020. Visually, there can be little doubt the market regards this line as important and currently, the FTSE needs below 7,373 to suggest some blunt force trauma threatens. Such a triggering sensation risks promoting sharp reversal to an initial 7,279 with secondary, if broken, at 7,173 and hopefully a bounce.

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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
9:44:16PM BRENT 83.54 83.4 83.155 84.46 84.84 85.36 83.67
9:45:58PM GOLD 1822 1812 1807 1822 1828 1833 1818
9:48:14PM FTSE 7530 7521 7518 7544 7572 7585 7536 ‘cess
10:06:41PM FRANCE 7170 7161 7146 7208 7251 7263 7201 ‘cess
10:08:41PM GERMANY 15918 15886 15853 15990 16093 16160 15960 Shambles
10:11:04PM US500 4661.6 4636 4602 4682 4743 4769 4707 Success
10:13:00PM DOW 36119 36037 35979 36230 36524 36586 36240 ‘cess
10:17:03PM NASDAQ 15506 15470 15396 15611 15729 15734 15603 Success
10:20:05PM JAPAN 28285 28241 28183 28462 28665 28710 28438 Success
13/01/2022 FTSE Closed at 7563 points. Change of 0.16%. Total value traded through LSE was: £ 6,370,299,567 a change of -13.58%
12/01/2022 FTSE Closed at 7551 points. Change of 0.83%. Total value traded through LSE was: £ 7,371,380,208 a change of 17.9%
11/01/2022 FTSE Closed at 7489 points. Change of 0.59%. Total value traded through LSE was: £ 6,252,372,247 a change of -8.66%
10/01/2022 FTSE Closed at 7445 points. Change of -0.53%. Total value traded through LSE was: £ 6,844,878,564 a change of 25.04%
7/01/2022 FTSE Closed at 7485 points. Change of 0.47%. Total value traded through LSE was: £ 5,474,069,038 a change of -10.83%
6/01/2022 FTSE Closed at 7450 points. Change of -0.88%. Total value traded through LSE was: £ 6,138,809,460 a change of 26.57%
5/01/2022 FTSE Closed at 7516 points. Change of -100%. Total value traded through LSE was: £ 4,850,064,854 a change of 0%

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:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:CCL Carnival** **LSE:DDDD 4D Pharma** **LSE:DGE Diageo** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IPF International Personal Finance** **LSE:LLOY Lloyds Grp.** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **

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Updated charts published on : Barclays, Barrett Devs, BP PLC, Carnival, 4D Pharma, Diageo, Glencore Xstra, Hikma, HSBC, International Personal Finance, Lloyds Grp., Ocado Plc, Primary Health, Spirax, Standard Chartered,

LSE:BARC Barclays. Close Mid-Price: 217.1 Percentage Change: + 2.50% Day High: 217.15 Day Low: 211.35

Target met. In the event of Barclays enjoying further trades beyond 217.1 ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 684.8 Percentage Change: -0.03% Day High: 687.6 Day Low: 667

Target met. Continued weakness against BDEV taking the price below 667 ca ……..

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View Previous Barrett Devs & Big Picture ***

LSE:BP. BP PLC. Close Mid-Price: 383.9 Percentage Change: + 0.64% Day High: 383.85 Day Low: 378.65

Target met. Continued trades against BP. with a mid-price ABOVE 383.85 sh ……..

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View Previous BP PLC & Big Picture ***

LSE:CCL Carnival. Close Mid-Price: 1522 Percentage Change: + 4.15% Day High: 1523.4 Day Low: 1448.4

Further movement against Carnival ABOVE 1523.4 should improve acceleratio ……..

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View Previous Carnival & Big Picture ***

LSE:DDDD 4D Pharma Close Mid-Price: 43.5 Percentage Change: -5.54% Day High: 45.95 Day Low: 42.95

Continued weakness against DDDD taking the price below 42.95 calculates a ……..

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LSE:DGE Diageo Close Mid-Price: 3762 Percentage Change: -0.73% Day High: 3787 Day Low: 3741

Continued weakness against DGE taking the price below 3741 calculates as ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 406.1 Percentage Change: + 1.21% Day High: 408.55 Day Low: 399.3

Continued trades against GLEN with a mid-price ABOVE 408.55 should improv ……..

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View Previous Glencore Xstra & Big Picture ***

LSE:HIK Hikma Close Mid-Price: 2061 Percentage Change: -0.91% Day High: 2093 Day Low: 2052

Target met. If Hikma experiences continued weakness below 2052, it will i ……..

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LSE:HSBA HSBC. Close Mid-Price: 513 Percentage Change: + 2.35% Day High: 513.9 Day Low: 501

Further movement against HSBC ABOVE 513.9 should improve acceleration tow ……..

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View Previous HSBC & Big Picture ***

LSE:IPF International Personal Finance Close Mid-Price: 137.8 Percentage Change: -3.23% Day High: 147.8 Day Low: 136.6

In the event of International Personal Finance enjoying further trades be ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 53.97 Percentage Change: + 1.49% Day High: 54.07 Day Low: 52.94

All Lloyds Grp. needs are mid-price trades ABOVE 54.07 to improve acceler ……..

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View Previous Lloyds Grp. & Big Picture ***

LSE:OCDO Ocado Plc Close Mid-Price: 1519 Percentage Change: -0.52% Day High: 1556.5 Day Low: 1513

In the event Ocado Plc experiences weakness below 1513 it calculates with ……..

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View Previous Ocado Plc & Big Picture ***

LSE:PHP Primary Health Close Mid-Price: 146.7 Percentage Change: -2.13% Day High: 148.8 Day Low: 147

Weakness on Primary Health below 147 will invariably lead to 144p pretty ……..

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LSE:SPX Spirax Close Mid-Price: 13900 Percentage Change: -4.10% Day High: 14450 Day Low: 13975

Target met. Continued weakness against SPX taking the price below 13975 c ……..

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View Previous Spirax & Big Picture ***

LSE:STAN Standard Chartered. Close Mid-Price: 511.4 Percentage Change: + 2.16% Day High: 511.6 Day Low: 497.3

Target met. Further movement against Standard Chartered ABOVE 511.6 shoul ……..

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View Previous Standard Chartered & Big Picture ***

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

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