#Nasdaq #FTSE
It remains extremely possible the markets, thankfully including the UK, are continuing to exhibit signs of a rally. Unheard of numbers from the USA made themselves apparent on Thursday with the Nasdaq up 7.5%, the S&P 500 up 5.5%, and sober Wall St climbing by 3.7%. In Europe, the FTSE managed 1.1%, pretty pathetic when viewed against Germany at plus 3.5% and the Euro Stoxx 50 also up by 3.2%.
All this largess was blamed on better than expected inflation figures and it looks very like this positive behaviour shall continue, hopefully until the Nasdaq attains around 12400 points while the DAX admires the scenery around 14900 points. Even Wall St presents a strong argument favouring a path to an eventual 36100 points before some serious hesitation is expected. All things considered, it’s probably the case politicians now feel primed to say or do something exceptionally stupid.
We’ve mentioned repeatedly the phenomena of shares or index’ behaving strongly, when they exceed the level of a prior break of a major trend. It’d be naive to think the gains are anything to do with charts themselves, instead it must be remembered “all” a chart is measuring is the level of confidence from investors. This particular chart signal is pretty important, giving a solid clue of assurance & spirit coming back into the marketplace.
Or perhaps it’s just the case folk in the UK are getting fed up with the revolving door in Downing St and seeking light relief elsewhere.
For the FTSE, our previous Big Picture potential remains at 7467 points, an ambition which is obviously very close to the current market level. We still suspect the index shall experience some hesitation at such a point.
Near term, movement above 7406 points calculates with the potential of a lift to 7465 points, effectively hitting our Big Picture target mooted a week ago. We can give a secondary, calculating at an astounding 7756 points. Normally we’d cheerfully ridicule such an ambition for a single day buy given market strengths elsewhere, who knows? Maybe the FTSE shall produce a little miracle. Currently the FTSE needs slither below 7300 to rain on the parade, a wide stop loss level but we’d prefer it wider at 7250 points!
Our converse scenario, should the FTSE manage to wander below 7285 points risks pushing reversal to an initial 7187 points with secondary, if broken, at 7116 points. At time of writing, absolutely nothing suggests such a calamity.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:59:35PM | BRENT | 92.77 | 91.13 | 90.39 | 92.4 | 93.73 | 94.21 | 92.67 | |||
| 10:01:17PM | GOLD | 1756 | 1701 | 1676 | 1722 | 1757 | 1777 | 1732 | Success | ||
| 10:03:02PM | FTSE | 7398.9 | 7249 | 7187 | 7299 | 7403 | 7424 | 7343 | ditto | ||
| 10:08:36PM | STOX50 | 3869.9 | 3824 | 3805 | 3843 | 3870 | 3901 | 3792 | ditto | ||
| 10:10:42PM | GERMANY | 14242.3 | 14083 | 14027 | 14158 | 14243 | 14273 | 14134 | ditto | ||
| 10:12:55PM | US500 | 3968.42 | 3887 | 3861 | 3928 | 3969 | 3982 | 3906 | ditto | ||
| 10:55:01PM | DOW | 33820 | 33200 | 32998 | 33498 | 33821 | 33863 | 33251 | ditto | ||
| 10:57:44PM | NASDAQ | 11668 | 11237 | 11148 | 11426 | 11675 | 11707 | 11580 | ditto | ||
| 11:00:16PM | JAPAN | 27962 | 27719 | 27699 | 27833 | 27977 | 28166 | 27830 | ditto |
10/11/2022 FTSE Closed at 7375 points. Change of 1.08%. Total value traded through LSE was: £ 6,515,510,532 a change of 60.71%
9/11/2022 FTSE Closed at 7296 points. Change of -0.14%. Total value traded through LSE was: £ 4,054,252,272 a change of -13.25%
8/11/2022 FTSE Closed at 7306 points. Change of 0.1%. Total value traded through LSE was: £ 4,673,301,102 a change of -8.96%
7/11/2022 FTSE Closed at 7299 points. Change of -0.48%. Total value traded through LSE was: £ 5,133,479,286 a change of -2.79%
4/11/2022 FTSE Closed at 7334 points. Change of 2.03%. Total value traded through LSE was: £ 5,280,778,356 a change of 17.81%
3/11/2022 FTSE Closed at 7188 points. Change of 0.62%. Total value traded through LSE was: £ 4,482,607,171 a change of -6.53%
2/11/2022 FTSE Closed at 7144 points. Change of -0.58%. Total value traded through LSE was: £ 4,796,024,351 a change of -6.77%
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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:DARK Darktrace Plc** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:SRP Serco** **
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Updated charts published on : Applied Graphene, Aston Martin, Asos, Barclays, Barrett Devs, Carnival, Centamin, Darktrace Plc, MAN, Experian, Firstgroup, Fresnillo, British Airways, Igas Energy, IG Group, IQE, ITM Power, Intertek, Just Eat, Marks and Spencer, National Glib, Ocado Plc, Primary Health, Rolls Royce, Scancell, Serco,
LSE:AGM Applied Graphene Close Mid-Price: 4.3 Percentage Change: -20.37% Day High: 5.47 Day Low: 4.3
Ongoing trouble below 4.3 indicates 1.5 next with secondary, if broken, an ……..
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View Previous Applied Graphene & Big Picture ***
LSE:AML Aston Martin. Close Mid-Price: 150 Percentage Change: + 4.90% Day High: 151.6 Day Low: 142
Now above 151.6 looks capable of 153 next with secondary, if beaten, at a ……..
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View Previous Aston Martin & Big Picture ***
LSE:ASC Asos. Close Mid-Price: 695 Percentage Change: + 4.12% Day High: 710.5 Day Low: 643
Further movement against Asos ABOVE 711 should improve acceleration toward ……..
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View Previous Asos & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 157 Percentage Change: + 1.68% Day High: 157.46 Day Low: 153
Continued trades against BARC with a mid-price ABOVE 157.5 should improve ……..
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View Previous Barclays & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 412.3 Percentage Change: + 5.85% Day High: 413 Day Low: 385.7
Target Met. Now above 414 gives the potential of gains in the direction of ……..
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View Previous Barrett Devs & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 735.8 Percentage Change: + 6.95% Day High: 736.8 Day Low: 670.4
Target Met. Now above 737 gives the potential of movement to 800 next with ……..
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View Previous Carnival & Big Picture ***
LSE:CEY Centamin. Close Mid-Price: 103 Percentage Change: + 4.27% Day High: 103.6 Day Low: 98.4
Target Met. Now above 104 hints at recovery to 109 next with secondary, if ……..
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View Previous Centamin & Big Picture ***
LSE:DARK Darktrace Plc. Close Mid-Price: 377.7 Percentage Change: + 4.42% Day High: 383.1 Day Low: 349.7
Darktrace Plc needs mid-price trades ABOVE 384 to improve acceleration tow ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 225.6 Percentage Change: + 5.42% Day High: 227.2 Day Low: 212.2
MAN needs mid-price trades ABOVE 228 to improve acceleration toward an ini ……..
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View Previous MAN & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 2958 Percentage Change: + 6.86% Day High: 2980 Day Low: 2710
Further movement against Experian ABOVE 2980 should improve acceleration t ……..
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View Previous Experian & Big Picture ***
LSE:FGP Firstgroup Close Mid-Price: 93.55 Percentage Change: -2.86% Day High: 96.05 Day Low: 89.55
Target Met. Weakness now below 89.5 indicates coming reversal to 87 with s ……..
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View Previous Firstgroup & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 854 Percentage Change: + 3.97% Day High: 858.6 Day Low: 797.8
Target Met. Now above 859 should prove capable of triggering a cycle to 88 ……..
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View Previous Fresnillo & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 136.62 Percentage Change: + 5.11% Day High: 136.58 Day Low: 129.12
Target Met. In the event of British Airways enjoying further trades beyon ……..
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View Previous British Airways & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 23.7 Percentage Change: -4.44% Day High: 24.2 Day Low: 23
Continued weakness against IGAS taking the price below 23 calculates as le ……..
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View Previous Igas Energy & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 813.5 Percentage Change: + 3.70% Day High: 815.5 Day Low: 778
Further movement against IG Group ABOVE 816 should improve acceleration to ……..
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View Previous IG Group & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 48.05 Percentage Change: + 5.03% Day High: 48.25 Day Low: 45
Further movement against IQE ABOVE 48.3 should maintain acceleration towar ……..
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View Previous IQE & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 103.35 Percentage Change: + 16.12% Day High: 106.1 Day Low: 86.92
Now above 107 hints at the potential of 120 next with secondary, if better ……..
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View Previous ITM Power & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 4017 Percentage Change: + 3.64% Day High: 4052 Day Low: 3815
Target Met. Starting to look encouraging, above 4052 should now trigger fu ……..
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View Previous Intertek & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1963.2 Percentage Change: + 8.34% Day High: 1957.8 Day Low: 1807.6
Target Met. Oomph above 1958 expects a visit to 2128 with our secondary, i ……..
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View Previous Just Eat & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 120 Percentage Change: + 6.10% Day High: 120.4 Day Low: 108.05
In the event of Marks and Spencer enjoying further trades beyond 121, the ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1018 Percentage Change: + 3.18% Day High: 1023.5 Day Low: 980.2
Continued trades against NG. with a mid-price ABOVE 1024 should improve th ……..
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View Previous National Glib & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 713.2 Percentage Change: + 6.70% Day High: 714.8 Day Low: 648
Target Met. Continued trades against OCDO with a mid-price ABOVE 715 shoul ……..
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View Previous Ocado Plc & Big Picture ***
LSE:PHP Primary Health. Close Mid-Price: 120.1 Percentage Change: + 5.07% Day High: 120.8 Day Low: 113
Above 121 still looks capable of recovery to an initial 123 with secondary ……..
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View Previous Primary Health & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 85.96 Percentage Change: -3.00% Day High: 90.27 Day Low: 86.22
Above 91 suggests the potential of recovery to an initial 97p next with se ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SCLP Scancell. Close Mid-Price: 19 Percentage Change: + 0.00% Day High: 20.75 Day Low: 19
In the event of Scancell enjoying further trades beyond 20.75, the share s ……..
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View Previous Scancell & Big Picture ***
LSE:SRP Serco. Close Mid-Price: 169.7 Percentage Change: + 4.62% Day High: 170.4 Day Low: 163.2
Target Met. Price movements above 171 now indicate the potential of furthe ……..
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View Previous Serco & Big Picture ***