#FTSE #GOLD
The first 24 hours, following the Flu & Covid vaccine treatments have proven, personally, singularly unpleasant. Everything is sore and worse, the promised fever made itself known a few hours ago. This is nothing like flu, just horribly uncomfortable, and I’d suggest booking the following day off work, if you’re the sort of person who experiences side effects from meds.
Feeling able to take the dog out, we bumped into “Gerty” (another golden retriever) and her owner. Thankfully, when our pair of animals get together, they run around like lunatics. But Gerty’s owner had a tale to tell. She works for a household name luxury brand company, constantly adding and removing products from their website. As she works from home, she’s quite able to define her own hours but a new manager tried to cause an issue. The corporate decided they’d follow the Black Friday discount path in the UK, introducing a 10% price reduction from 3am on Friday morning. The new manager asked if my chum would work during the night, reducing every single product price.
Blinking frantically, she did a quick tally of their vast range of luxury goods, advising the new manager if she were to re-price everything, she’d be lucky to complete the job by Monday. The bloke tried to dig his heels in until she suggested he contact their IT department, just to introduce a Black Friday discount on the checkout page. The manager finally conceded re-pricing over 3,000 products individually was liable to prove impossible.
On the bright side, meeting another dog walker allowed her to unload her irritation while our dogs ran each other ragged.
It occurs, there’s probably been many days when anger at the way the markets behave ensured another dog walker becoming the victim of a frustrated boring lecture. This week is certainly proving a perfect example, very little actually happening thanks to Turkey Day in the US, followed by a day shopping and shooting at each other.
However, despite the US teetering on the edge of festive malaise, the FTSE is still trying to head upward. albeit in tiny little increments.
Currently, it appears 7509 points should provide a solid trigger level, one capable of projecting the index to a tame 7535 points next. If triggered, the tightest stop is massive, requiring 7423 points. The reason behind this is quite extraordinary; our secondary, longer term, target level works out at 7777 points!
Our converse scenario suggests weakness below 7423 threatens reversal to an initial 7406 points with secondary, if broken, working out at 7389 points.
We suspect some near term reversals, until Wall St gets its head back in order. Have a good weekend, even without Formula 1…
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:21:03PM | FTSE | 7468.5 | 7440 | 7411 | 7476 | 7490 | 7496 | 7456 | |||
| 9:47:29PM | BRENT | 85.07 | 83.88 | 82.5 | 84.89 | 85.78 | 86.06 | 84.5 | |||
| 9:49:14PM | GOLD | 1757.01 | 1752 | 1750 | 1757 | 1759 | 1762 | 1752 | ‘cess | ||
| 9:51:41PM | STOX50 | 3966 | 3945 | 3934 | 3968 | 3977 | 4029 | 3922 | Success | ||
| 9:53:35PM | GERMANY | 14557.5 | 14473 | 14446 | 14531 | 14575 | 14591 | 14533 | |||
| 9:55:18PM | US500 | 4040.45 | 4030 | 4026 | 4041 | 4043 | 4047 | 4030 | |||
| 9:57:25PM | DOW | 34271 | 34209 | 34174 | 34283 | 34306 | 34338 | 34241 | |||
| 10:13:19PM | NASDAQ | 11900 | 11845 | 11827 | 11883 | 11916 | 11961 | 11847 | |||
| 10:15:03PM | JAPAN | 28362 | 28319 | 28261 | 28390 | 28492 | 28546 | 28327 |
24/11/2022 FTSE Closed at 7466 points. Change of 0.01%. Total value traded through LSE was: £ 3,237,992,179 a change of -28.67%
23/11/2022 FTSE Closed at 7465 points. Change of 0.17%. Total value traded through LSE was: £ 4,539,480,951 a change of 32.52%
22/11/2022 FTSE Closed at 7452 points. Change of 1.03%. Total value traded through LSE was: £ 3,425,428,256 a change of -30.51%
21/11/2022 FTSE Closed at 7376 points. Change of -0.12%. Total value traded through LSE was: £ 4,929,378,651 a change of -6.71%
18/11/2022 FTSE Closed at 7385 points. Change of 0.53%. Total value traded through LSE was: £ 5,283,705,968 a change of 16.51%
17/11/2022 FTSE Closed at 7346 points. Change of -0.31%. Total value traded through LSE was: £ 4,534,930,132 a change of -10.24%
15/11/2022 FTSE Closed at 7369 points. Change of -100%. Total value traded through LSE was: £ 5,052,481,735 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:BARC Barclays** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:OXIG Oxford Instruments** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **
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Updated charts published on : Barclays, Cellular Goods, Centrica, Fresnillo, Hikma, Lloyds Grp., Marks and Spencer, Oxford Instruments, Sainsbury, Scancell, Tesco, Vodafone,
LSE:BARC Barclays. Close Mid-Price: 159.42 Percentage Change: + 0.72% Day High: 160.22 Day Low: 158.08
All Barclays needs are mid-price trades ABOVE 161 to improve acceleration ……..
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View Previous Barclays & Big Picture ***
LSE:CBX Cellular Goods Close Mid-Price: 1.43 Percentage Change: -1.72% Day High: 1.45 Day Low: 1.43
This is terrible, getting into “needs a miracle” territory. Weakness below ……..
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View Previous Cellular Goods & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 95.82 Percentage Change: + 1.23% Day High: 96.56 Day Low: 95.06
Continued trades against CNA with a mid-price ABOVE 97 should improve the ……..
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View Previous Centrica & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 899.6 Percentage Change: + 0.92% Day High: 900.6 Day Low: 884
Further movement against Fresnillo ABOVE 900.6 should improve acceleratio ……..
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View Previous Fresnillo & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1507.5 Percentage Change: -0.23% Day High: 1541.5 Day Low: 1502
All Hikma needs are mid-price trades ABOVE 1541.5 to improve acceleration ……..
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View Previous Hikma & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 45.94 Percentage Change: + 1.00% Day High: 46.18 Day Low: 45.45
In the event of Lloyds Grp. enjoying further trades beyond 46.18, the sha ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 126.75 Percentage Change: + 0.88% Day High: 128.3 Day Low: 125.05
All Marks and Spencer needs are mid-price trades ABOVE 128.3 to improve a ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 2180 Percentage Change: -1.36% Day High: 2255 Day Low: 2170
Further movement against Oxford Instruments ABOVE 2255 should improve acc ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 226.1 Percentage Change: + 1.25% Day High: 227.2 Day Low: 223.4
Continued trades against SBRY with a mid-price ABOVE 227.2 should improve ……..
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View Previous Sainsbury & Big Picture ***
LSE:SCLP Scancell. Close Mid-Price: 20.75 Percentage Change: + 9.21% Day High: 21.05 Day Low: 19.12
Target met. Further movement against Scancell ABOVE 21.05 should improve ……..
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View Previous Scancell & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 237.6 Percentage Change: + 0.64% Day High: 238.4 Day Low: 235.7
In the event of Tesco enjoying further trades beyond 238.4, the share sho ……..
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View Previous Tesco & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 92.67 Percentage Change: -2.10% Day High: 92.9 Day Low: 89.91
Target met. If Vodafone experiences continued weakness below 89.91, it wi ……..
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View Previous Vodafone & Big Picture ***