#FTSE #Gold
Surely, it’s going to prove a little careless for the UK to lose both a Prime Minister and a Monarch in the same week? As the nation wakes up to realise its currency and postage stamps are no longer valid nor recognised by automatic readers, we had to turn to our chum who’s panning for gold in our garden stream for some solace. We spent the day on the mainland, he spent the day doing some research and also excavating the bottom of the stream.
It transpires the land to the left of our “garden” above the 7 mtr waterfall was once landscaped by the Lyle family, famed for their Tate & Lyle sugar empire. It had always been a puzzle, how we’ve a well defined avenue of old trees on one side, the stream gulley on the other, whereas the remnants of old walkways are still visible across the gulley and if we explore beyond the old trees, more walkways and overgrown ornamental waterways exist. Our chum developed an elaborate theory, perhaps tourist ferries docked at the local pier, folk making their way along the side of the stream, finally crossing a massive slate slab to make their way up the steep hill on an ornamental winding staircase (which still exists). And maybe our house was once where people would buy tickets as they enjoyed their day out. This actually does make some sense, except the title deeds jealously guarded the stream, waterfall, and access above the cliff back in 1834, when the tiny cottage was purchased from the sugar giants estates.
He spent some time digging gravel out below the slate slab, working on the theory tourists would have tossed coins into the water below, and was cheerfully sitting cross legged on the patio, panning his way through the results. Sure enough, he’d a few worn and battered Queen Victoria pennies, a badly corroded “spud gun”, remnants of an ancient vase, and another couple of tiny flecks of gold. Apparently, I am to spend Friday building something to vacuum two hundred years of detritus from below the slate bridge, making me think he should perhaps be told about the metal detector which resides in our boiler room.
Regardless of feelings for the monarch, it certainly appears no-one threw away lots of coins with Queen Victoria’s image, so doubtless current currency shall remain valid. However, should anyone wish to get rid of a lot of bank notes, we’ll be happy to take them. Equally hungry, doubtless, shall an industry will spring into being, offering the usually tacky souvenirs, most of which shall end in landfill within the next few years.
It’s an odd feeling, the end of an era as HRH had been a constant through the entirety of many of our lives. It had always been an anecdote of pride, the time I escaped a police roundup of children to forcibly wave a little Union Jack flag when she arrived on a remote Scottish station platform. Guess I’ll never do that again!
As for the FTSE for Friday, we’re not sure what’s going to happen. When a BBC news-reader did an oops, just after 3pm, announcing the death early, the market actually did a little blip downward before recovering as her rapidly deleted “oops” on Twitter did not constitute official news. The futures markets, when the official announcement appeared 3.5 hours later, barely twitched, so perhaps the death of someone in their 90’s isn’t a shocking surprise.
From the point at which the FTSE closed Thursday, some optimism appears possible for Friday.
Movement above 7274 points looks capable of triggering movement to an initial 7306 points, a visually believable ambition. If exceeded, our secondary calculates at 7369 points. Of course, with the nation in official mourning, we suspect the day shall prove rather subdued, perhaps with some reversals.
This being the case, below 7236 points risks being an issue, giving an initial drop target at 7208 points with secondary, if broken, a rather less likely bottom at 7154 points.
On the bright side, it’s the Italian Grand Prix this weekend, always a masterwork of even handed sportsmanship and support. Or in plain English, always worth a giggle! Have a good weekend.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:13:23PM | BRENT | 88.16 | 88 | 87.6 | 92.5 | 88.9 | 89.6 | 88.2 | |||
| 9:58:16PM | GOLD | 1708.25 | 1703 | 1699 | 1716 | 1728 | 1733 | 1713 | |||
| 10:00:52PM | FTSE | 7260 | 7173 | 7159 | 7243 | 7275 | 7299 | 7248 | ‘cess | ||
| 10:03:16PM | STOX50 | 3508 | 3461 | 3447 | 3496 | 3524 | 3545 | 3494 | Shambles | ||
| 10:24:30PM | GERMANY | 12875 | 12686 | 12623 | 12818 | 12964 | 13088 | 12845 | |||
| 10:26:14PM | SP500 | 4012 | 3941 | 3921 | 3974 | 4011 | 4024 | 3978 | ‘cess | ||
| 10:33:20PM | DOW | 31794 | 31300 | 31128 | 31535 | 31812 | 31967 | 31612 | ‘cess | ||
| 10:35:43PM | NASDAQ | 12344 | 12108 | 12035 | 12275 | 12374 | 12400 | 12242 | Shambles | ||
| 10:37:42PM | JAPAN | 28117 | 27795 | 27743 | 27979 | 28117 | 28228 | 27895 | Success |
8/09/2022 FTSE Closed at 7262 points. Change of 0.35%. Total value traded through LSE was: £ 5,272,168,524 a change of -28.82%
7/09/2022 FTSE Closed at 7237 points. Change of -0.86%. Total value traded through LSE was: £ 7,407,245,342 a change of 30.74%
6/09/2022 FTSE Closed at 7300 points. Change of 0.18%. Total value traded through LSE was: £ 5,665,778,730 a change of 28.88%
5/09/2022 FTSE Closed at 7287 points. Change of 0.08%. Total value traded through LSE was: £ 4,396,051,138 a change of -10.86%
2/09/2022 FTSE Closed at 7281 points. Change of 1.86%. Total value traded through LSE was: £ 4,931,431,269 a change of -2.21%
1/09/2022 FTSE Closed at 7148 points. Change of -1.87%. Total value traded through LSE was: £ 5,042,745,604 a change of -38.48%
31/08/2022 FTSE Closed at 7284 points. Change of -100%. Total value traded through LSE was: £ 8,197,472,854 a change of 0%
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:BBY BALFOUR BEATTY** **LSE:BT.A British Telecom** **LSE:DARK Darktrace Plc** **LSE:HIK Hikma** **LSE:IGAS Igas Energy** **LSE:ITV ITV** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **
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Updated charts published on : BALFOUR BEATTY, British Telecom, Darktrace Plc, Hikma, Igas Energy, ITV, Marks and Spencer, National Glib, Royal Mail, Sainsbury, Tesco, Vodafone,
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 332 Percentage Change: + 1.03% Day High: 335 Day Low: 329.6
Further movement against BALFOUR BEATTY ABOVE 335 should improve accelera ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:BT.A British Telecom Close Mid-Price: 139.25 Percentage Change: -1.90% Day High: 141.65 Day Low: 138.3
In the event British Telecom experiences weakness below 138.3 it calculat ……..
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View Previous British Telecom & Big Picture ***
LSE:DARK Darktrace Plc Close Mid-Price: 337.1 Percentage Change: -34.52% Day High: 373 Day Low: 331.6
Target met. If Darktrace Plc experiences continued weakness below 331.6, ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1266.5 Percentage Change: -1.21% Day High: 1282 Day Low: 1244
Target met. Weakness on Hikma below 1244 will invariably lead to 1213 wit ……..
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View Previous Hikma & Big Picture ***
LSE:IGAS Igas Energy. Close Mid-Price: 106.5 Percentage Change: + 12.11% Day High: 110.5 Day Low: 81.8
Continued trades against IGAS with a mid-price ABOVE 110.5 should improve ……..
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View Previous Igas Energy & Big Picture ***
LSE:ITV ITV Close Mid-Price: 62 Percentage Change: -3.58% Day High: 63.48 Day Low: 61.42
Continued weakness against ITV taking the price below 61.42 calculates as ……..
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View Previous ITV & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 116.85 Percentage Change: -4.22% Day High: 121.4 Day Low: 115.3
Continued weakness against MKS taking the price below 115.3 calculates as ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NG. National Glib Close Mid-Price: 1066 Percentage Change: -0.61% Day High: 1078 Day Low: 1054
In the event National Glib experiences weakness below 1054 it calculates ……..
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View Previous National Glib & Big Picture ***
LSE:RMG Royal Mail Close Mid-Price: 251.8 Percentage Change: -2.18% Day High: 263.1 Day Low: 247
Target met. Weakness on Royal Mail below 247 will invariably lead to 242 ……..
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View Previous Royal Mail & Big Picture ***
LSE:SBRY Sainsbury Close Mid-Price: 197.6 Percentage Change: -4.54% Day High: 207.2 Day Low: 197.5
Weakness on Sainsbury below 197.5 will invariably lead to 193 with second ……..
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View Previous Sainsbury & Big Picture ***
LSE:TSCO Tesco Close Mid-Price: 237.4 Percentage Change: -4.77% Day High: 248.6 Day Low: 237.8
Target met. In the event Tesco experiences weakness below 237.8 it calcul ……..
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View Previous Tesco & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 107.9 Percentage Change: -2.07% Day High: 110.42 Day Low: 107.56
If Vodafone experiences continued weakness below 107.56, it will invariab ……..
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View Previous Vodafone & Big Picture ***