#Brent #Dax
I’ve mentioned a chum several times over the years, his business being a pretty good barometer of how trade activity is in the UK. If his pre-demolition survey business is doing well, it’s generally a pretty good indication we should anticipate the markets being buoyant and conversely, if he’s quiet, to anticipate trouble. He’s now taking on more staff for the first time in 10 years, when the penny dropped he risked losing contracts due to needing to start a booking schedule for 2023.
Our thinking is fairly simple. If he’s busy, the construction industry intends to be busy, material demand will be high, pay rates will be high, and all the grotty burger vans which litter roadsides will be busy. Everyone benefits, just ‘cos my chum is wandering around taking photo’s, extracting material samples and scrawling copious notes in shopping centres, factory units, tower blocks, schools, and rather a lot of hospitality business’ too. We’d a long natter this weekend, thanks to him agonising what to quote for a seriously big project which involves no less than 5 ‘Listed’ building exteriors. In conclusion, he decided to quite literally double his usual price, thanks to prices everywhere going up along with the inevitable reputational nightmare, should anything go wrong at any stage of “the big job”.
So, with all this frothy and optimistic discussion for the future, why the heck is the UK’s retail banking sector managing to remain in the pits?
Prices everywhere are going up, unless, of course, they are share prices. And Lloyds remain at the forefront, managing to do very little against a backdrop of hope for the future. Perhaps some slight hope may be taken from our analysis three weeks ago, the one where we speculated on potential reversal from 45.25 to 43p (which happened) with a secondary target, should 43p break, down at 40.6p and hopefully a bounce. The share did indeed break below our 43p, even managing to close below this initial target but a visit to 40.6p has been noticeably absent. Perhaps this is an implication of some hidden strength, perhaps it’s a timing issue. We’re inclined to suspect the “hidden strength” theory.
Currently trading around 43.6p, Lloyds Bank needs trade above 46.4p to give the first indication of a trigger for happier times ahead.
Above 46.4p risks triggering share price recovery toward an initial 50.3p with secondary, if exceeded, a slightly more useful 52.5p. The secondary represents what we suspect shall prove a key point in Lloyds future history as closure above this level should prove a really big deal, making it possible to speculate on a longer term 77p without attempting to conceal a hysterical giggle.
Perhaps all this optimism is quite a heavy weight to dump on the shoulders of our chum with his clipboard and camera but over the years, we’ve noticed a distinct (and safe) pattern, when he gets busy, the stock market starts to do well in the months following.
Massive thanks to the kind folk who discovered a fascinating advert to visit on this page on Thursday. The clicks paid for the increase in Taylors coffee bean prices (not kidding!)
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 3:41:53PM | BRENT | 110.92 | 108.98 | 108 | 106.84 | 110.6 | 111.43 | 112.05 | 114.59 | 109.1 | |
| 3:47:30PM | GOLD | 1847.08 | |||||||||
| 3:49:34PM | FTSE | 7400.39 | |||||||||
| 3:51:59PM | FRANCE | 6300.7 | Shambles | ||||||||
| 3:55:02PM | GERMANY | 14055 | 13850 | 13809 | 13746 | 13945 | 14160 | 14176 | 14342 | 14084 | |
| 3:58:07PM | US500 | 3901 | |||||||||
| 4:05:16PM | DOW | 31253 | Shambles | ||||||||
| 4:08:09PM | NASDAQ | 11833 | Success | ||||||||
| 4:10:29PM | JAPAN | 26738 |
20/05/2022 FTSE Closed at 7389 points. Change of 1.19%. Total value traded through LSE was: £ 7,347,493,432 a change of 4.36%
19/05/2022 FTSE Closed at 7302 points. Change of -1.83%. Total value traded through LSE was: £ 7,040,483,001 a change of 0.49%
18/05/2022 FTSE Closed at 7438 points. Change of -1.06%. Total value traded through LSE was: £ 7,006,146,182 a change of 17.44%
17/05/2022 FTSE Closed at 7518 points. Change of 0.72%. Total value traded through LSE was: £ 5,965,741,785 a change of -1.9%
16/05/2022 FTSE Closed at 7464 points. Change of 0.62%. Total value traded through LSE was: £ 6,081,329,244 a change of -11.87%
13/05/2022 FTSE Closed at 7418 points. Change of 2.56%. Total value traded through LSE was: £ 6,900,608,037 a change of -14.47%
12/05/2022 FTSE Closed at 7233 points. Change of -1.55%. Total value traded through LSE was: £ 8,068,175,968 a change of -13.29%
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:AV. Aviva** **LSE:AZN Astrazeneca** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:DGE Diageo** **LSE:SNN Sanne Plc** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Aviva, Astrazeneca, Cellular Goods, Centrica, Diageo, Sanne Plc, Zoo Digital,
LSE:AV. Aviva. Close Mid-Price: 412.1 Percentage Change: + 0.78% Day High: 422.8 Day Low: 410
All Aviva needs are mid-price trades ABOVE 422.8 to improve acceleration ……..
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View Previous Aviva & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 10494 Percentage Change: + 2.38% Day High: 10578 Day Low: 10308
By the smallest of movements, this has now become interesting as above 105 ……..
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View Previous Astrazeneca & Big Picture ***
LSE:CBX Cellular Goods Close Mid-Price: 1.52 Percentage Change: -2.24% Day High: 1.62 Day Low: 1.52
Weakness on Cellular Goods below 1.52 will invariably lead to 0.82 with ……..
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View Previous Cellular Goods & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 88.18 Percentage Change: + 1.78% Day High: 89.2 Day Low: 86.96
All Centrica needs are mid-price trades ABOVE 89.2 to improve acceleratio ……..
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View Previous Centrica & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 3598 Percentage Change: + 0.78% Day High: 3648 Day Low: 3578.5
This isn’t looking entirely hopeful as below 3530 now suggests weakness to ……..
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View Previous Diageo & Big Picture ***
LSE:SNN Sanne Plc. Close Mid-Price: 893 Percentage Change: + 0.00% Day High: 896 Day Low: 887
In the event Sanne Plc experiences weakness below 887 it calculates with ……..
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View Previous Sanne Plc & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 112.5 Percentage Change: + 0.90% Day High: 112.5 Day Low: 111.5
Below 108 is looking slightly dodgy, allowing weakness to an initial 105 w ……..
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View Previous Zoo Digital & Big Picture ***