#FTSE #Gold
Microsoft Windows 10 had proven to be reliable, for us being as useful as the ancient Windows mainstay, Windows 98SE. Until today, when it blotted its copybook. An update arrived, asking if we wished to Update & Restart or Update and Shut Down. As it was a “spare” system, the latter choice was made and the machine obligingly went dark in 10 minutes.
We didn’t anticipate what came next. “Update and Shut Down” should perhaps be accompanied by the warning, “and not restart”. A battle is now being fought with the machine, thanks to making the mistake of assuming Windows Trouble-shooter wouldn’t become a rabbit hole more convoluted than the truth about what’s happening with UK fuel prices! To cut a long story short, we’ve reached our wits end with the machine and now, it’s getting a clean copy of Windows installed, a job which should take around 20 minutes rather than the six hours wasted, trying out Microsoft suggestions.
Obviously, this has nothing to do with the stock market, other than provide a simile for the point at which the FTSE finds itself currently. After wasting an entire year with dodgy index movements, the UK market finally opted to close a session above 7667 points a week ago, thus moving into prime territory to restart life on the UK’s premium stock exchange. It’s quite a big deal, exceeding the pre-pandemic high (Green) on the chart and now, the index resides in a zone where we can actually calculate a future 8225 points as a longer term viable ambition. The market needs slump below 7500 points to give the first indication of everything going terribly wrong but for now, our inclination is to treat this as the FTSE’s attempt to enact a clean install.
From a near term perspective, above 7810 points calculates with the potential of a lift toward 7858 points next with secondary, if bettered, at 7895 points. If triggered, the index needs below 7712 points to cancel the immediate perspective, a painfully wide stop loss level.
Our converse scenario, in the event the index wishes to play with folks heads, works out at weakness below 7756 risking triggering reversal to 7712 points with secondary, if broken, at 7681 points.
Have a good weekend and hope you enjoy the rain as much as we don’t…
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:59:36PM | BRENT | 83.94 | 82.29 | 81.295 | 83.44 | 84.64 | 84.83 | 83.28 | ‘cess | ||
| 10:01:48PM | GOLD | 1898.89 | 1873.86 | 1867 | 1884 | 1901.31 | 1905 | 1890 | Success | ||
| 10:03:35PM | FTSE | 7809.4 | 7735 | 7721 | 7785 | 7813 | 7824 | 7788 | ‘cess | ||
| 10:05:05PM | STOX50 | 4139.5 | 4099 | 4082 | 4130 | 4144 | 4150 | 4119 | Success | ||
| 10:07:41PM | GERMANY | 15103.23 | 14947 | 14888 | 15078 | 15127 | 15175 | 15050 | |||
| 10:09:21PM | US500 | 3983.67 | 3933 | 3919 | 3973 | 4000 | 4007 | 3955 | ‘cess | ||
| 10:11:53PM | DOW | 34187 | 33714 | 33593 | 33949 | 34310 | 34423 | 34084 | Success | ||
| 10:13:46PM | NASDAQ | 11455.72 | 11216 | 11096 | 11426 | 11504 | 11555 | 11374 | ‘cess | ||
| 10:21:47PM | JAPAN | 26221 | 25961 | 25851 | 26211 | 26461 | 26537 | 26293 | Success |
12/01/2023 FTSE Closed at 7794 points. Change of 0.91%. Total value traded through LSE was: £ 5,732,068,747 a change of -8.81%
11/01/2023 FTSE Closed at 7724 points. Change of 0.39%. Total value traded through LSE was: £ 6,286,062,115 a change of 15.31%
10/01/2023 FTSE Closed at 7694 points. Change of -0.39%. Total value traded through LSE was: £ 5,451,478,270 a change of 2.33%
9/01/2023 FTSE Closed at 7724 points. Change of 0.32%. Total value traded through LSE was: £ 5,327,251,474 a change of 8.1%
6/01/2023 FTSE Closed at 7699 points. Change of 0.86%. Total value traded through LSE was: £ 4,928,257,963 a change of -18.51%
5/01/2023 FTSE Closed at 7633 points. Change of -100%. Total value traded through LSE was: £ 6,047,458,257 a change of 0%
4/01/2023 FTSE Closed at 7585 points. Change of 0%. Total value traded through LSE was: £ 5,484,169,808 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:ASC Asos** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:IQE IQE** **LSE:JET Just Eat** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:TSCO Tesco** **
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Updated charts published on : Asos, Barclays, BALFOUR BEATTY, Barrett Devs, EasyJet, Hikma, HSBC, British Airways, Igas Energy, Intercontinental Hotels Group, IQE, Just Eat, Music Magpie, Natwest, Ocado Plc, Tesco,
LSE:ASC Asos. Close Mid-Price: 708.5 Percentage Change: + 20.90% Day High: 717 Day Low: 560
Further movement against Asos ABOVE 717 should improve acceleration towar ……..
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View Previous Asos & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 177.08 Percentage Change: + 2.04% Day High: 178 Day Low: 174.24
Further movement against Barclays ABOVE 178 should improve acceleration t ……..
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View Previous Barclays & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 355.4 Percentage Change: + 1.89% Day High: 357 Day Low: 340.6
Target met. In the event of BALFOUR BEATTY enjoying further trades beyond ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 451.2 Percentage Change: + 6.69% Day High: 453.5 Day Low: 423.8
Target met. All Barrett Devs needs are mid-price trades ABOVE 453.5 to im ……..
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View Previous Barrett Devs & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 418.2 Percentage Change: + 6.52% Day High: 419.5 Day Low: 395
Further movement against EasyJet ABOVE 419.5 should improve acceleration ……..
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View Previous EasyJet & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 1697.5 Percentage Change: + 1.01% Day High: 1715.5 Day Low: 1675
All Hikma needs are mid-price trades ABOVE 1715.5 to improve acceleration ……..
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View Previous Hikma & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 581.8 Percentage Change: + 2.14% Day High: 585.6 Day Low: 571.2
Target met. In the event of HSBC enjoying further trades beyond 585.6, th ……..
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View Previous HSBC & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 152.86 Percentage Change: + 3.94% Day High: 154.36 Day Low: 146.5
Target met. Continued trades against IAG with a mid-price ABOVE 154.36 sh ……..
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View Previous British Airways & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 22.35 Percentage Change: -4.89% Day High: 25 Day Low: 22.1
All Igas Energy needs are mid-price trades ABOVE 25 to improve accelerati ……..
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View Previous Igas Energy & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5342 Percentage Change: + 1.87% Day High: 5368 Day Low: 5256
Target met. Continued trades against IHG with a mid-price ABOVE 5368 shou ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 58.3 Percentage Change: + 1.92% Day High: 58.4 Day Low: 56.5
Target met. Further movement against IQE ABOVE 58.4 should improve accele ……..
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View Previous IQE & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 2122 Percentage Change: + 1.87% Day High: 2136 Day Low: 1996.8
Target met. In the event of Just Eat enjoying further trades beyond 2136, ……..
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View Previous Just Eat & Big Picture ***
LSE:MMAG Music Magpie. Close Mid-Price: 38.4 Percentage Change: + 3.78% Day High: 39.5 Day Low: 38
All Music Magpie needs are mid-price trades ABOVE 40 to improve accelerat ……..
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View Previous Music Magpie & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 287.5 Percentage Change: + 2.64% Day High: 288.3 Day Low: 280
Target met. Continued trades against NWG with a mid-price ABOVE 288.3 sho ……..
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View Previous Natwest & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 757.8 Percentage Change: + 3.52% Day High: 763.8 Day Low: 720
Further movement against Ocado Plc ABOVE 763.8 should improve acceleratio ……..
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View Previous Ocado Plc & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 246 Percentage Change: + 0.94% Day High: 246.4 Day Low: 239.3
In the event of Tesco enjoying further trades beyond 246.4, the share sho ……..
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View Previous Tesco & Big Picture ***