#Gold #DOW
Here in Argyll, the usual flamboyant (vulgar) unspoken competitions of Xmas lights appear to be enjoying a cease fire in 2022. Whether this is to do with a fear of electricity prices, the ‘cost of living’ crisis, or folk simply fed up with untangling light ropes cables is unknown. Perhaps its the case it’s just too blooming cold, ice always a factor in deciding whether to climb ladders to dangle thousands of twinkling led lights.
Personally, the cold has provided sufficient excuse give this year a miss but we gather, in the wider world, there’s a certain lack garden displays and cost is bound to be an issue. It makes us wonder whether the supermarkets are liable to dodge their usual success in December, folk nationwide being very aware of the “cost of stuff”. It’s becoming difficult to maintain any justification for profiteering presently, Crude Oil’s now cheaper than it was a year ago with the price of wheat following a similar trajectory. Even timber has been showing price reversals, though still not returning to sensible levels.
For Tesco, their share price has enacted some really strange movements recently, starting November by regaining the historical Red uptrend. Unfortunately, it celebrated the start of December by once again breaking below Red and this is rarely an encouraging signal, quite the converse.
Price weakness now below 208p risks turning the share into a turkey as this could easily trigger reversal to an initial 191p, slightly below the more recent low. Our secondary, should such a level break, is visually absurd as it calculates at a potential bottom of 135p. We’d be quite careful with rushing into any short positions on the basis of this calculation as we suspect Tesco would really need blot their copybook to provoke such a catastrophe. However, it’d hopefully provide an ideal jumping off place for a long position, in the unlikely event such an entry level ever appeared.
Maybe the market is paying Tesco back for their awful reliance on ‘self scan’ checkouts.
Our converse scenario demands Tesco share price exceed 236p to trigger recovery to an initial 259p with secondary, if exceeded, working out at 266p. The proximity of these target levels tends imply an expectation of some hesitation, even if the company share price somehow manages to claw its way back above Red on the chart.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:08:06PM | BRENT | 78.27 | |||||||||
| 10:48:27PM | GOLD | 1780.56 | 1777 | 1770 | 1758 | 1787 | 1795 | 1797 | 1803 | 1787 | ‘cess |
| 10:50:57PM | FTSE | 7467 | |||||||||
| 10:53:15PM | STOX50 | 3942.6 | |||||||||
| 10:55:11PM | GERMANY | 14360.04 | |||||||||
| 10:56:52PM | US500 | 3986.72 | 3920 | 3904 | 3875 | 3950 | 3990 | 4004 | 4032 | 3956 | Shambles |
| 10:58:32PM | DOW | 33974.5 | |||||||||
| 11:01:15PM | NASDAQ | 11695 | |||||||||
| 11:03:20PM | JAPAN | 28028 | ‘cess |
12/12/2022 FTSE Closed at 7445 points. Change of -0.41%. Total value traded through LSE was: £ 4,840,427,704 a change of -2.03%
9/12/2022 FTSE Closed at 7476 points. Change of 0.05%. Total value traded through LSE was: £ 4,940,691,101 a change of -3.99%
8/12/2022 FTSE Closed at 7472 points. Change of -0.23%. Total value traded through LSE was: £ 5,146,170,093 a change of -10.96%
7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%
6/12/2022 FTSE Closed at 7521 points. Change of -0.61%. Total value traded through LSE was: £ 5,764,980,013 a change of 13.53%
5/12/2022 FTSE Closed at 7567 points. Change of 0.15%. Total value traded through LSE was: £ 5,078,150,606 a change of 13.07%
2/12/2022 FTSE Closed at 7556 points. Change of -0.03%. Total value traded through LSE was: £ 4,491,031,065 a change of -9.42%
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:AML Aston Martin** **LSE:ASC Asos** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:IGAS Igas Energy** **LSE:RR. Rolls Royce** **
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Updated charts published on : Aston Martin, Asos, British Telecom, Carnival, Igas Energy, Rolls Royce,
LSE:AML Aston Martin Close Mid-Price: 153.2 Percentage Change: -4.52% Day High: 158.55 Day Low: 149.8
This only needs above 165 to allegedly trigger acceleration to an initial ……..
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LSE:ASC Asos Close Mid-Price: 542 Percentage Change: -7.35% Day High: 573 Day Low: 537
Target Met. Now below 537 calculates with the potential of reversal to 444 ……..
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LSE:BT.A British Telecom Close Mid-Price: 112.75 Percentage Change: -0.70% Day High: 113.55 Day Low: 110.55
Target Met. Now below 110 suggests reversal to 108 next with secondary, if ……..
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View Previous British Telecom & Big Picture ***
LSE:CCL Carnival Close Mid-Price: 645 Percentage Change: -1.53% Day High: 652.8 Day Low: 619.2
Now below 619 suggests an excursion down to an initial 585 with secondary, ……..
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View Previous Carnival & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 16.3 Percentage Change: -3.55% Day High: 17.35 Day Low: 15.9
If Igas Energy experiences continued weakness below 15.9, it will invariab ……..
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View Previous Igas Energy & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 92.84 Percentage Change: -1.29% Day High: 94.68 Day Low: 92.35
Further movement against Rolls Royce ABOVE 94.7 should improve acceleratio ……..
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View Previous Rolls Royce & Big Picture ***