#FTSE #Gold Days like Thursday make it easy to question just what the heck were we thinking, buying a house just a couple of miles away from NATO’s nuclear weapon store and the Coulport nuclear base. The big solid mountains across the water are generally thought to sound hollow, if knocked! Usually the place is ignored, aside from the inevitable pretty backdrop when walking the dogs.
But with the media determined to move on from the misery of Covid-19 scare stories, now specialising in Russia scare stories, it’s inevitable some consideration is given to our local big fireworks storage unit.
The FTSE is showing signs of paying attention to the newest mess in the world. We’d been hoping the Russia/Ukraine crisis was posturing designed to keep the price of gas and oil high during the winter months as this would directly benefit Russia. However, everything changed on Thursday and now we’ve got to face the reality of the UK index behaving in similar fashion to events pre-pandemic in 2020. The immediate scenario for the FTSE is pretty straightforward as weakness continuing below 7175 points looks capable of plotting reversal to an initial 7056 points. If broken, our secondary calculation comes along at 6897 points and hopefully a bounce. The FTSE 100 needs above 7320 to cancel these drop potentials.
The problem at the secondary level is the implied challenge from the Red uptrend since 2020’s pandemic plunge. Closure below this trend line carries the implication of recovery from March 2020 failing, instead opening the market up to all sorts of unpleasantness. Just for light relief, we ran some calculations against the risks of closure below 6897 and the numbers proved quite scary, essentially a series of domino falls with a hopeful final destination at 5142 points. Thankfully, this is just speculation but, like most folk, we were horrified at the near 300 point fall on Thursday.
If we’re to experience surprise recovery, the index requires exceed 7293 to give slight hope, calculating with an initial ambition at 7348 points. Our secondary is less certain, working out at 7435 and suggesting the force of reversals has been a little mistake.
Have a good weekend and remember, just 3 weeks until the Formula 1 season commences.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:09:51PM | BRENT | 95.94 | 94.49 | 92.22 | 96.28 | 98.92 | 101.51 | 96.61 | Success | ||
| 10:14:34PM | GOLD | 1897.85 | 1890 | 1882 | 1903 | 1904 | 1916 | 1890 | Success | ||
| 10:17:51PM | FTSE | 7275 | 7175 | 7153 | 7241 | 7305 | 7346 | 7254 | “” | ||
| 10:23:20PM | FRANCE | 6594.4 | 6426 | 6349 | 6518 | 6624 | 6653 | 6511 | “” | ||
| 10:26:45PM | GERMANY | 14286 | 13800 | 13775.5 | 13998 | 14361 | 14442 | 14066 | “” | ||
| 10:54:27PM | US500 | 4278 | 4107 | 4057 | 4324 | 4293 | 4317 | 4243 | “” | ||
| 10:57:10PM | DOW | 33133.2 | 32467 | 32141 | 32735 | 33268 | 33462 | 32868 | “” | ||
| 10:59:08PM | NASDAQ | 13922.57 | 13411 | 13342 | 13607 | 13990 | 14277 | 13723 | “” | ||
| 11:01:29PM | JAPAN | 26267 | 25542 | 25255 | 25832 | 26309 | 26653 | 26091 | “” |
24/02/2022 FTSE Closed at 7207 points. Change of -3.88%. Total value traded through LSE was: £ 9,889,574,342 a change of 64.76%
23/02/2022 FTSE Closed at 7498 points. Change of 0.05%. Total value traded through LSE was: £ 6,002,308,781 a change of -10.52%
22/02/2022 FTSE Closed at 7494 points. Change of 0.13%. Total value traded through LSE was: £ 6,707,697,679 a change of 29%
21/02/2022 FTSE Closed at 7484 points. Change of -0.39%. Total value traded through LSE was: £ 5,199,890,341 a change of -19.05%
18/02/2022 FTSE Closed at 7513 points. Change of -0.32%. Total value traded through LSE was: £ 6,423,213,414 a change of 12%
17/02/2022 FTSE Closed at 7537 points. Change of -0.87%. Total value traded through LSE was: £ 5,734,831,803 a change of -14.78%
16/02/2022 FTSE Closed at 7603 points. Change of -0.07%. Total value traded through LSE was: £ 6,729,531,357 a change of 15.27%
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:AML Aston Martin** **LSE:ASC Asos** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:CPI Capita** **LSE:DDDD 4D Pharma** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:ODX Omega Diags** **LSE:OPG OPG Power Ventures** **LSE:POG Petrop etc** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RBD Reabold Resources PLC** **LSE:RMG Royal Mail** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:TERN Tern Plc** **LSE:TRN The Trainline** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : AFC Energy, Aston Martin, Asos, BALFOUR BEATTY, Barrett Devs, Capita, 4D Pharma, Diageo, ECO (Atlantic) O & G, MAN, Foxtons, Fresnillo, Hikma, IG Group, ITM Power, Lloyds Grp., Marks and Spencer, Omega Diags, OPG Power Ventures, Petrop etc, Polymetal, President Energy, Quadrise, Reabold Resources PLC, Royal Mail, Rolls Royce, Sainsbury, Scancell, Speedyhire, Spirax, Serco, Tern Plc, The Trainline, Taylor Wimpey,
LSE:AFC AFC Energy Close Mid-Price: 30.65 Percentage Change: -1.92% Day High: 31.15 Day Low: 27.7
Continued weakness against AFC taking the price below 27.7 calculates as ……..
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View Previous AFC Energy & Big Picture ***
LSE:AML Aston Martin Close Mid-Price: 960.8 Percentage Change: -4.16% Day High: 978.4 Day Low: 897.8
Target met. In the event Aston Martin experiences weakness below 897.8 it ……..
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View Previous Aston Martin & Big Picture ***
LSE:ASC Asos Close Mid-Price: 1876.5 Percentage Change: -2.32% Day High: 1904 Day Low: 1787
Target met. If Asos experiences continued weakness below 1787, it will i ……..
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View Previous Asos & Big Picture ***
LSE:BBY BALFOUR BEATTY Close Mid-Price: 231.2 Percentage Change: -2.45% Day High: 237 Day Low: 229.4
In the event BALFOUR BEATTY experiences weakness below 229.4 it calculate ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:BDEV Barrett Devs Close Mid-Price: 558 Percentage Change: -4.52% Day High: 573.2 Day Low: 552.6
Target met. In the event Barrett Devs experiences weakness below 552.6 i ……..
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View Previous Barrett Devs & Big Picture ***
LSE:CPI Capita Close Mid-Price: 27.17 Percentage Change: -4.47% Day High: 28 Day Low: 26.85
Target met. Continued weakness against CPI taking the price below 26.85 c ……..
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View Previous Capita & Big Picture ***
LSE:DDDD 4D Pharma Close Mid-Price: 28.3 Percentage Change: -6.91% Day High: 29.45 Day Low: 27.35
Target met. In the event 4D Pharma experiences weakness below 27.35 it ca ……..
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View Previous 4D Pharma & Big Picture ***
LSE:DGE Diageo Close Mid-Price: 3525 Percentage Change: -4.21% Day High: 3587 Day Low: 3510
Target met. If Diageo experiences continued weakness below 3510, it will ……..
</p
View Previous Diageo & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 36.25 Percentage Change: + 4.77% Day High: 37.75 Day Low: 35.25
Continued trades against ECO with a mid-price ABOVE 37.75 should improve ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:EMG MAN Close Mid-Price: 178.85 Percentage Change: -5.52% Day High: 187.1 Day Low: 179
Target met. If MAN experiences continued weakness below 179, it will inva ……..
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View Previous MAN & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 34.05 Percentage Change: -8.47% Day High: 35.5 Day Low: 34
Target met. Weakness on Foxtons below 34 will invariably lead to 32.5 wit ……..
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View Previous Foxtons & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 715.8 Percentage Change: + 4.01% Day High: 763 Day Low: 697
Target met. Further movement against Fresnillo ABOVE 763 should improve a ……..
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View Previous Fresnillo & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1833.5 Percentage Change: -8.92% Day High: 1940 Day Low: 1813
Weakness on Hikma below 1813 will invariably lead to 1787 with secondary ……..
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View Previous Hikma & Big Picture ***
LSE:IGG IG Group Close Mid-Price: 753.5 Percentage Change: -2.52% Day High: 774 Day Low: 754.5
In the event IG Group experiences weakness below 754.5 it calculates with ……..
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View Previous IG Group & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 257.8 Percentage Change: + 9.14% Day High: 260 Day Low: 210
If ITM Power experiences continued weakness below 210, it will invariably ……..
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View Previous ITM Power & Big Picture ***
LSE:LLOY Lloyds Grp. Close Mid-Price: 46.55 Percentage Change: -10.83% Day High: 49.5 Day Low: 46
Weakness on Lloyds Grp. below 46 will invariably lead to 43.1 with second ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 172.55 Percentage Change: -0.40% Day High: 173 Day Low: 166
Weakness on Marks and Spencer below 166 will invariably lead to 154 with ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:ODX Omega Diags Close Mid-Price: 4.88 Percentage Change: -1.02% Day High: 4.9 Day Low: 4.65
Weakness on Omega Diags below 4.65 will invariably lead to 3.73 with seco ……..
</p
View Previous Omega Diags & Big Picture ***
LSE:OPG OPG Power Ventures Close Mid-Price: 9.1 Percentage Change: -6.67% Day High: 10 Day Low: 9.1
Target met. Continued weakness against OPG taking the price below 9.1 cal ……..
</p
View Previous OPG Power Ventures & Big Picture ***
LSE:POG Petrop etc Close Mid-Price: 10 Percentage Change: -27.01% Day High: 14.03 Day Low: 9.24
If Petrop etc experiences continued weakness below 9.24, it will invariab ……..
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View Previous Petrop etc & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 682.4 Percentage Change: -37.82% Day High: 1046 Day Low: 504.2
Target met. Weakness on Polymetal below 504.2 will invariably lead to 501 ……..
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View Previous Polymetal & Big Picture ***
LSE:PPC President Energy Close Mid-Price: 1.46 Percentage Change: -5.81% Day High: 1.55 Day Low: 1.43
Target met. Weakness on President Energy below 1.43 will invariably lead ……..
</p
View Previous President Energy & Big Picture ***
LSE:QFI Quadrise Close Mid-Price: 1.52 Percentage Change: -6.30% Day High: 1.58 Day Low: 1.45
Continued weakness against QFI taking the price below 1.45 calculates as ……..
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View Previous Quadrise & Big Picture ***
LSE:RBD Reabold Resources PLC. Close Mid-Price: 0.34 Percentage Change: + 18.97% Day High: 0.34 Day Low: 0.28
Target met. Further movement against Reabold Resources PLC ABOVE 0.34 sho ……..
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View Previous Reabold Resources PLC & Big Picture ***
LSE:RMG Royal Mail Close Mid-Price: 370.9 Percentage Change: -4.90% Day High: 382.6 Day Low: 367.9
Target met. Continued weakness against RMG taking the price below 367.9 c ……..
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View Previous Royal Mail & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 102.38 Percentage Change: -13.02% Day High: 107.58 Day Low: 95.07
Target met. In the event Rolls Royce experiences weakness below 95.07 it ……..
</p
View Previous Rolls Royce & Big Picture ***
LSE:SBRY Sainsbury Close Mid-Price: 266 Percentage Change: -1.48% Day High: 271.2 Day Low: 264.6
Target met. Weakness on Sainsbury below 264.6 will invariably lead to 259 ……..
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View Previous Sainsbury & Big Picture ***
LSE:SCLP Scancell Close Mid-Price: 12 Percentage Change: -8.40% Day High: 13.05 Day Low: 12.12
Target met. If Scancell experiences continued weakness below 12.12, it wi ……..
</p
View Previous Scancell & Big Picture ***
LSE:SDY Speedyhire Close Mid-Price: 51.7 Percentage Change: -2.82% Day High: 53 Day Low: 51.5
Target met. In the event Speedyhire experiences weakness below 51.5 it ca ……..
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View Previous Speedyhire & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 11380 Percentage Change: -0.18% Day High: 11400 Day Low: 10880
If Spirax experiences continued weakness below 10880, it will invariably ……..
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View Previous Spirax & Big Picture ***
LSE:SRP Serco Close Mid-Price: 121.9 Percentage Change: -3.25% Day High: 129.1 Day Low: 121.1
Weakness on Serco below 121.1 will invariably lead to 119 with secondary, ……..
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View Previous Serco & Big Picture ***
LSE:TERN Tern Plc Close Mid-Price: 10.25 Percentage Change: -10.87% Day High: 11 Day Low: 10.25
Continued weakness against TERN taking the price below 10.25 calculates a ……..
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View Previous Tern Plc & Big Picture ***
LSE:TRN The Trainline Close Mid-Price: 199.3 Percentage Change: -2.69% Day High: 201.4 Day Low: 189.1
In the event The Trainline experiences weakness below 189.1 it calculates ……..
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View Previous The Trainline & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 141 Percentage Change: -5.02% Day High: 146.35 Day Low: 140.9
If Taylor Wimpey experiences continued weakness below 140.9, it will inva ……..
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View Previous Taylor Wimpey & Big Picture ***