#Gold #SP500 Of all the TV soaps, the only one which doesn’t force an exit from the room is Coronation St. This is due entirely to the comedy content but it was to take years until the penny dropped about the clever name of the cafe; ‘Roys Rolls’. Balanced against the character “Roy” driving one of the UK’s most awful & unreliable cars, a Morris 1000, the cafe name suddenly became quite funny.
While the current incarnation of Rolls Royce has absolutely nothing to do with the four wheeled monstrosities with the right to use the company name, it was interesting seeing the company name pop up last week in numerous reports from the USA. Modular nuclear power stations have been given the go-ahead in the US, Rolls Royce being directly named as a major contributor to the new technology. These plants, described as the size of a football pitch, are designed to be dropped into suitable sites, producing sufficient power for a city. Somewhat whimsically, RR now mention they’re working on portable nuclear plants, able to be trucked in for events, then removed.
As a result, it’s easy to imagine Glastonbury suddenly becoming more civilised, the festival powered by rather more than banks of generators, perhaps even moving walkways shuffling audiences between various sound stages, as electricity supply ceased being an issue. From our own perspective, a sharp reminded of how important electricity is was delivered by a bunch of lumberjerks. The team of 6 professionals arrived at 9am, having requested access to some trees threatening a neighbours home. The story is complex but the only direct access to this part of the forest is either through our garden or by helicopter. Or maybe by building a bridge over a gully, along with a new 2 mile track. All things considered, it was easier to let the crew of 6 trudge through our gate and into the forest. The guys were given the usual security warning, “don’t feed the dogs, ignore the cats, watch out for the punk black & red squirrel, and yell if you want to make coffee. Oh, and be careful of those two wires. One carries broadband, the other is electricity”. Yup, the last part didn’t work. The very first tree they cut spun gracefully in the air, secured by safety ropes, before catching the power line. Once the power line separated, the dance continued and the phone/broadband line was snagged a few seconds later.
How we all laughed…
The six professionals made appropriate telephone calls, trudged through our garden, and left by lunchtime with vague promises as to when they’d return to finish the job. Curiously, it was BT who first appeared and strung a new line. Many hours later, the electricity guys materialised, vanished, then returned and also strung new lines. The clear victors of the day were our animals, loving the company but the punk squirrel kept out of the way. This weird looking animal is perfectly capable of mistaking a human for a tree, running up your body and leaping from a shoulder with no warning.
But, in keeping with the Rolls Royce story, something important also happened. Around 3pm, our postman delivered a parcel which contained a new hydro-electric generator we’ve been waiting for, our previous hand made effort being a footnote in history when the garden waterfall destroyed it. This time around, we’re taking a Rolls Royce approach, using a series of small generators to charge a bank of batteries. It’s a bit like mooring a nuclear submarine outside parliament in London and if required, just tie another alongside on the Thames. This would finally give the UK’s Rolls Royce powered nuclear fleet something useful to do and also, remove them from our own very immediate area in Argyll. Rolls Royce could birth an entirely new industry, creating 3 pin plug points to replace the acoustic tiles on the hulls of the machines.
There was certainly a feeling of “karma” when the generators arrived as should our modular approach to power generation work, nature can do its worst and we’ll still have the lights on.
None of this explains why Rolls Royce share price is rubbish. The company, obviously used to an income stream produced when their jet engines are turning, were obviously hurt during the pandemic. But the daily contrails again decorating the sky above Scotland’s west coast, suggest airlines are again flying, once again paying rent to Rolls Royce for their fabulous jet power. In addition, this modular nuclear solution being accepted in the USA is surely brilliant news, the thinking doubtless to follow into the rest of the world with Rolls Royce at the heart of the matter. But their share price remains rubbish!
If we indulge our favourite party trick of drawing lines on charts, this miserable state of affairs could continue until the end of August, when Rolls Royce reach a point where some action is almost demanded by the market. But if we err on the side of common sense, visually there’s a chance things may not “kick off” until the end of 2022.
All of this presents a bit of a problem, thanks to the Big Picture now demanding the price bottom around 60p, maybe even 55p if the market is having a bad day. Maybe it’s the case until the market is forced to transcend a major trend line, it shall continue to behave badly. If this (somewhat silly) theory is correct, movements during the last month gently suggest the share price has until around August 20th to hit bottom or it will hit the first in a series of trend lines demanding action. This being the case, we shall not be aghast to witness RR enact a final act of self immolation just before August 20th.
However, if we chose to believe the company has a future, such a state of affairs almost doesn’t matter (as long as the price bounces), the share price only needing exceed 94p by the start of September to now allegedly trigger recovery to an initial 102p with secondary, if bettered, at 110p. This secondary is fairly important, due to the potential of it exceeding Blue on the chart around the end of this year and provoking some game changing behaviour toward 142p, a price level where we shall require to once again plug in our tea leaves.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:53:37PM | BRENT | 96.77 | ‘cess | ||||||||
| 9:55:21PM | GOLD | 1792 | 1787 | 1778 | 1768 | 1796 | 1808 | 1812 | 1819 | 1791 | ‘cess |
| 9:59:31PM | FTSE | 7521 | Success | ||||||||
| 10:02:19PM | STOX50 | 3759 | |||||||||
| 11:33:31PM | GERMANY | 13728 | |||||||||
| 2:27:46AM | US500 | 4221 | 4111 | 4081 | 4034 | 4138 | 4222 | 4224 | 4261 | 4192 | Success |
| 2:29:56AM | DOW | 33392 | Success | ||||||||
| 2:31:33AM | NASDAQ | 13430 | Success | ||||||||
| 2:34:17AM | JAPAN | 28163 | Success |
10/08/2022 FTSE Closed at 7507 points. Change of 0.25%. Total value traded through LSE was: £ 5,197,338,086 a change of -9.09%
9/08/2022 FTSE Closed at 7488 points. Change of 0.08%. Total value traded through LSE was: £ 5,716,882,880 a change of 22.59%
8/08/2022 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 4,663,235,289 a change of 8.84%
5/08/2022 FTSE Closed at 7439 points. Change of -0.12%. Total value traded through LSE was: £ 4,284,416,444 a change of -24.22%
4/08/2022 FTSE Closed at 7448 points. Change of 0.04%. Total value traded through LSE was: £ 5,653,918,717 a change of 0.91%
3/08/2022 FTSE Closed at 7445 points. Change of 0.49%. Total value traded through LSE was: £ 5,602,756,478 a change of -3.28%
2/08/2022 FTSE Closed at 7409 points. Change of -0.05%. Total value traded through LSE was: £ 5,792,539,911 a change of 52.35%
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:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:RMG Royal Mail** **
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Updated charts published on : Asos, Aviva, Barclays, BALFOUR BEATTY, IG Group, Intercontinental Hotels Group, International Personal Finance, Royal Mail,
LSE:ASC Asos. Close Mid-Price: 1002 Percentage Change: + 1.93% Day High: 1015 Day Low: 955
Target met. Weakness on Asos below 955 will invariably lead to 946 with s ……..
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View Previous Asos & Big Picture ***
LSE:AV. Aviva. Close Mid-Price: 464.9 Percentage Change: + 12.21% Day High: 465.4 Day Low: 424.7
All Aviva needs are mid-price trades ABOVE 465.4 to improve acceleration ……..
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View Previous Aviva & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 169.76 Percentage Change: + 2.35% Day High: 170.1 Day Low: 165.42
In the event of Barclays enjoying further trades beyond 170.1, the share ……..
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View Previous Barclays & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 286.8 Percentage Change: + 1.85% Day High: 288.4 Day Low: 280.8
All BALFOUR BEATTY needs are mid-price trades ABOVE 288.4 to improve acce ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 836.5 Percentage Change: + 1.58% Day High: 837.5 Day Low: 819
Continued trades against IGG with a mid-price ABOVE 837.5 should improve ……..
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View Previous IG Group & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5072 Percentage Change: + 2.11% Day High: 5090 Day Low: 4934
Further movement against Intercontinental Hotels Group ABOVE 5090 should ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:IPF International Personal Finance Close Mid-Price: 104 Percentage Change: -2.80% Day High: 110.8 Day Low: 104.4
In the event of International Personal Finance enjoying further trades be ……..
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View Previous International Personal Finance & Big Picture ***
LSE:RMG Royal Mail. Close Mid-Price: 269.3 Percentage Change: + 1.09% Day High: 268.5 Day Low: 255.5
If Royal Mail experiences continued weakness below 255.5, it will invaria ……..
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View Previous Royal Mail & Big Picture ***