#Gold #SPX
Last year, there was a complaint we cover Lloyds too often, checking the numbers every three weeks. In an effort to be more relaxed, we delayed this months visit by a single day, provoking a couple of concerned emails! Apparently our Monday visit to the banking sector is “a thing”… We’re more focussed on ‘Late Frogs’ this year***.
Thankfully, Lloyds indulged in a little dance step at the open of trade on Monday, surging up to the dizzy height of 49.53p, thirty minutes after trading commenced. To sane people, this little nod upward would have been pretty meaningless but to us, the movement tended suggest exactly where the trend is with the retail bank and this is generally a pretty big deal. From our perspective, it’s as important as your opponent in a card game accidentally laying their hand down face up, always a disaster during our lunchtime tournament of ‘Snap’.
At present, Lloyds share price is giving the distinct impression of movement above 49.53p being capable of generating a lift in fortunes to an initial 55p. Visually, such an ambition even makes some sense. In the event this initial target is exceeded, our secondary calculates up at 60.75p and a probable challenge against the downtrend (Blue) which dates back to 2015.
However, the harsh reality at present is of a marketplace showing signs of extreme nervousness, a distinct hesitation amongst many shares to risk starting a new trend. Even the immediate downtrend for Lloyds, a line which appeared at the start of last month, looks perfectly capable of inhibiting any near term positive steps. It’s creating the immediate situation where weakness below 48p risks entering a reversal cycle to an initial 39.7p, an inconvenient number but not particularly dangerous. The problem comes, should 39.7p break, as further reversal to 33p feels exceedingly possible but we’d hope for a rebound, if such a target makes an appearance.
***The annual Frog Festival here in Argyll usually happens during February, a period of a few days when 10’s of thousands of frogs come out of hibernation, cheerfully hopping across the road at night, many being squished by cars. Generally this event gives a clue to the summer ahead, the theory being the earlier the frogs awaken, the sooner they drop spawn. The clever little beasties know pools and puddles will dry up, if an early summer is coming. Guess what? This year, we’ve not seen a single frog nor any frog spawn. Even our garden frog remains hidden, presumably slumbering under the decking.
Does this mean they’re being lazy, expecting a wet summer in our part of Scotland? And who do we email about tardy Frogs?
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:11:19PM | BRENT | 113.72 | ‘cess | ||||||||
| 10:13:01PM | GOLD | 1936.54 | 1918 | 1908 | 1894 | 1928 | 1942 | 1945 | 1955 | 1926 | |
| 10:15:31PM | FTSE | 7438.18 | ‘cess | ||||||||
| 10:22:06PM | FRANCE | 6568 | |||||||||
| 10:24:16PM | GERMANY | 14297.59 | |||||||||
| 10:26:04PM | US500 | 4462.37 | 4423 | 4416 | 4395 | 4447 | 4482 | 4498 | 4523 | 4454 | ‘cess |
| 10:28:24PM | DOW | 34575 | Shambles | ||||||||
| 10:30:26PM | NASDAQ | 14376 | |||||||||
| 10:32:47PM | JAPAN | 27292 |
21/03/2022 FTSE Closed at 7442 points. Change of 0.51%. Total value traded through LSE was: £ 5,840,589,175 a change of -56.99%
18/03/2022 FTSE Closed at 7404 points. Change of 0.26%. Total value traded through LSE was: £ 13,580,954,595 a change of 97.5%
17/03/2022 FTSE Closed at 7385 points. Change of 1.29%. Total value traded through LSE was: £ 6,876,379,438 a change of -21.82%
16/03/2022 FTSE Closed at 7291 points. Change of 1.69%. Total value traded through LSE was: £ 8,795,974,053 a change of 28.56%
15/03/2022 FTSE Closed at 7170 points. Change of -0.32%. Total value traded through LSE was: £ 6,841,972,853 a change of 11.2%
14/03/2022 FTSE Closed at 7193 points. Change of 0.53%. Total value traded through LSE was: £ 6,152,854,583 a change of -10.19%
11/03/2022 FTSE Closed at 7155 points. Change of 0.79%. Total value traded through LSE was: £ 6,850,629,560 a change of -15.87%
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:AZN Astrazeneca** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CNA Centrica** **LSE:GENL Genel** **LSE:POG Petrop etc** **
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Updated charts published on : Astrazeneca, BP PLC, British Telecom, Centrica, Genel, Petrop etc,
LSE:AZN Astrazeneca. Close Mid-Price: 9629 Percentage Change: + 0.98% Day High: 9701 Day Low: 9487
Target met. Continued trades against AZN with a mid-price ABOVE 9701 shou ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 375 Percentage Change: + 4.05% Day High: 376 Day Low: 363.5
In the event of BP PLC enjoying further trades beyond 376, the share shou ……..
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View Previous BP PLC & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 181.5 Percentage Change: + 1.99% Day High: 183.1 Day Low: 178.35
All British Telecom needs are mid-price trades ABOVE 183.1 to improve acc ……..
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View Previous British Telecom & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 80.4 Percentage Change: + 1.64% Day High: 80.5 Day Low: 78.62
Continued trades against CNA with a mid-price ABOVE 80.5 should improve t ……..
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View Previous Centrica & Big Picture ***
LSE:GENL Genel. Close Mid-Price: 167 Percentage Change: + 5.30% Day High: 168 Day Low: 158.6
Target met. Further movement against Genel ABOVE 168 should improve accel ……..
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View Previous Genel & Big Picture ***
LSE:POG Petrop etc Close Mid-Price: 1.8 Percentage Change: -0.06% Day High: 2.8 Day Low: 1.7
This was interesting, gapped up massively at the open rather than a killer ……..
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View Previous Petrop etc & Big Picture ***