#FTSE #US500
Shopping channels are often the subject of deserved ridicule. But last night, when pressing “Back” vigorously, my telly rejoined the world of ‘terrestrial TV’, ITV being the home of a shopping channel at 3am. My personal downfall was easy, one which even a cat would have fallen into. They were selling a box.
The box, doubled lined with fake crocodile skin, proved quite interesting. Designed entirely for women, they’d missed a trick as it could just as easily hold “stuff” rather than rings, bangles, necklaces, ear-rings or whatever glitters. For just £100, I could buy three of these boxes or just one for £30, an arithmetic hurdle the presenter ignored. But the large box looked useful, different trays capable of holding different fuses, varied resistors, a decent selection of capacitors, and don’t ever start me on where various nuts and bolts could be stored. It was the perfect box for electronic stuff in the shed. With late night inspiration, I took a photo of the screen, intending to show it to my wife as a “Xmas Present” hint, already excited at the idea of a new storage box and glad I will be able to duck a few months of subtle bullying for not giving clues as to a Xmas gift.
She snorted when she saw the snapshot. Apparently we’ve already got a couple in the attic, stuffed full of her mothers ancient costume jewellery. If I wanted one, just tip the contents into a supermarket “bag for life” and she’ll sort through the treasure trove of worthless shiny trinkets next time our grandchildren visit.
Obviously, this is absolutely nothing to do with the markets, other than to exhibit the feeling of deflation, when a sure thing turns out to be a noth thing! But in the case of IOG Plc, something quite odd happened with their share price a few weeks ago and it’s circled on the chart below.
We used to get deliriously excited about Gap Down / Gap Up movements, the so called Lady GaGa, as they invariably spelled out good times ahead. The act of manipulating a share price below a trend, then a few days later, manipulating it above the trend usually came pretty close to “sure thing” territory. This one is different, the share only enacting a “Ga” but still, has bounced pretty conclusively once it returned above the Blue downtrend. Things remain optimistic for IOG, the share price only needing exceed 40.5p to now trigger further recovery to an initial 44.3p with our secondary, if bettered, calculating at a future 53.6p and a new all time high.
Alas, our calculations are all based on what happens after GaGa as we’ve never run the numbers when a strangled “Ga” was the only clue to the future. Should we expect only 1/2 the movement strength?
Obviously, we shall be watching this fairly closely as it’s perhaps possible we need to work out a new set of rules!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:16:04PM | BRENT | 99.39 | ‘cess | ||||||||
| 9:20:16PM | GOLD | 1747 | Success | ||||||||
| 9:23:25PM | FTSE | 7491 | 7464 | 7447 | 7404 | 7495 | 7531 | 7548 | 7576 | 7487 | ‘cess |
| 9:26:37PM | STOX50 | 3649 | ‘cess | ||||||||
| 9:33:16PM | GERMANY | 13153 | ‘cess | ||||||||
| 9:34:48PM | US500 | 4126.97 | 4115 | 4102 | 4083 | 4141 | 4158 | 4172 | 4191 | 4127 | |
| 9:39:56PM | NASDAQ | 32898 | ‘cess | ||||||||
| 9:42:42PM | JAPAN | 28462 | Shambles |
23/08/2022 FTSE Closed at 7488 points. Change of -0.6%. Total value traded through LSE was: £ 4,978,434,617 a change of 0.1%
22/08/2022 FTSE Closed at 7533 points. Change of -0.23%. Total value traded through LSE was: £ 4,973,471,266 a change of -16.58%
19/08/2022 FTSE Closed at 7550 points. Change of 0.12%. Total value traded through LSE was: £ 5,961,629,196 a change of 29.52%
18/08/2022 FTSE Closed at 7541 points. Change of 0.35%. Total value traded through LSE was: £ 4,602,765,684 a change of 0.38%
17/08/2022 FTSE Closed at 7515 points. Change of -0.28%. Total value traded through LSE was: £ 4,585,359,451 a change of 5.45%
16/08/2022 FTSE Closed at 7536 points. Change of 0.36%. Total value traded through LSE was: £ 4,348,545,250 a change of 13.62%
15/08/2022 FTSE Closed at 7509 points. Change of 0.12%. Total value traded through LSE was: £ 3,827,179,402 a change of -9.76%
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:BP. BP PLC** **LSE:FGP Firstgroup** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:ODX Omega Diags** **LSE:QFI Quadrise** **LSE:SCLP Scancell** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:VOD Vodafone** **
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Updated charts published on : Asos, BP PLC, Firstgroup, Gulf Keystone, Glencore Xstra, Hikma, Omega Diags, Quadrise, Scancell, Vodafone,
LSE:ASC Asos Close Mid-Price: 737 Percentage Change: -2.06% Day High: 762.5 Day Low: 731.5
If Asos experiences continued weakness below 731.5, it will invariably le ……..
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View Previous Asos & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 459.4 Percentage Change: + 2.32% Day High: 459.85 Day Low: 445.95
In the event of BP PLC enjoying further trades beyond 459.85, the share s ……..
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View Previous BP PLC & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 109.9 Percentage Change: + 0.83% Day High: 110.9 Day Low: 105.3
Continued weakness against FGP taking the price below 105.3 calculates as ……..
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View Previous Firstgroup & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 252 Percentage Change: + 6.11% Day High: 254 Day Low: 238
Further movement against Gulf Keystone ABOVE 254 should improve accelerat ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 506 Percentage Change: + 2.80% Day High: 504.7 Day Low: 491.45
All Glencore Xstra needs are mid-price trades ABOVE 504.7 to improve acce ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1365 Percentage Change: -2.12% Day High: 1401.5 Day Low: 1355.5
In the event Hikma experiences weakness below 1355.5 it calculates with a ……..
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View Previous Hikma & Big Picture ***
LSE:ODX Omega Diags Close Mid-Price: 2.83 Percentage Change: -0.88% Day High: 2.85 Day Low: 2.7
If Omega Diags experiences continued weakness below 2.7, it will invariab ……..
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View Previous Omega Diags & Big Picture ***
LSE:QFI Quadrise Close Mid-Price: 1.27 Percentage Change: -2.67% Day High: 1.31 Day Low: 1.25
If Quadrise experiences continued weakness below 1.25, it will invariably ……..
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View Previous Quadrise & Big Picture ***
LSE:SCLP Scancell Close Mid-Price: 11.88 Percentage Change: -3.06% Day High: 12.12 Day Low: 11.88
Weakness on Scancell below 11.88 will invariably lead to 9.5p. If broken, ……..
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View Previous Scancell & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 809.4 Percentage Change: -1.63% Day High: 831.2 Day Low: 810.4
Continued weakness against SMT taking the price below 810.4 calculates as ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 117.38 Percentage Change: -2.09% Day High: 119.32 Day Low: 117.22
In the event Vodafone experiences weakness below 117.22 it calculates wit ……..
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View Previous Vodafone & Big Picture ***