#FreeFutures
What was happening on my lawn today made more sense than movements on the FTSE. For nearly an hour, our Golden Retriever was playing on the grass with Russell, Cheryl, and Stone, three crows who seem to regard the dog as their pet. We’re all used to seeing dogs get frustrated, chasing a bird which unsportingly takes flight but watching a crow doing a ridiculous running hop while attempting to chase the dog was crazy. Somehow, the animals knew when to change the rules and it was back to the dog chasing a crow, while one of the others tried to distract her. (The crow called Cheryl has a single white feather)
It’s possible this strange camaraderie started, when one of the crows appeared with a damaged wing, barely able to fly. Initially we thought the dog had lost its mind at easy prey but instead, her frantic barking while she circled the bird was directed at a cat, the dog only coming into the house when another crow appeared. We’ve long known the dogs use different barks for different types of bird and other wildlife but now we’re curious as to the true level of communication.
Unlike, of course, the FTSE which appears to have taken a stupid pill.
Since January 19th, when the FTSE closed at 7747 points, the FTSE has made utterly pathetic daily movements, the London market closing price wavering by a maximum of 40 points across 10 sessions. It has been far from exciting, trying to make sense out of what’s going on but thankfully, movements on Thursday tend to suggest the FTSE is making another attempt to become airborne, just like our garden crows. Hopefully it’s with greater commitment than the birds exhibit as something important becomes possible.
Above 7837 points near term apparently brings the potential of gains to an initial 7875 points with our secondary, if exceeded, working out at 7913 points. This secondary is quite a big deal, affording the possibility of allowing London to close above the historical all time high of 7903 points back in 2018. From our perspective, this is a really big deal, effectively confirming 8240 shall become a valid ambition as “top” on the current cycle.
Our alternate Captain Calamity perspective demands the FTSE slither below 7760 points to provoke reversal to 7684 points with secondary, if broken, at 7620 points. Neither reversal prospect is particularly terrifying, despite breaking below an immediate Red uptrend. For now, we’re fairly hopeful.
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 |
| 11:58:09PM | BRENT | 82.32 | 81.33 | 80.65 | 83.18 | 83.54 | 84.13 | 82.38 | Success | ||
| 12:00:32AM | GOLD | 1915 | 1911 | 1902 | 1927 | 1944 | 1951 | 1917 | ditto | ||
| 12:03:32AM | FTSE | 7807.99 | 7773 | 7751 | 7820 | 7845 | 7876 | 7799 | ditto | ||
| 12:16:56AM | STOX50 | 4232 | 4192 | 4180 | 4240 | 4253 | 4278 | 4211 | ditto | ||
| 12:19:16AM | GERMANY | 15495 | 15347 | 15273 | 15493 | 15543 | 15611 | 15450 | ditto | ||
| 12:21:31AM | US500 | 4157.82 | 4132 | 4114 | 4166 | 4198 | 4223 | 4123 | ditto | ||
| 12:24:24AM | DOW | 34016 | 33742 | 33613 | 33900 | 34162 | 34259 | 33990 | ‘cess | ||
| 12:26:54AM | NASDAQ | 12627 | 12562 | 12448 | 12661 | 12904 | 13023 | 11774 | Success | ||
| 12:29:09AM | JAPAN | 27489 | 27333 | 27250 | 27442 | 27545 | 27600 | 27417 |
2/02/2023 FTSE Closed at 7820 points. Change of 0.76%. Total value traded through LSE was: £ 7,577,557,777 a change of 8.79%
1/02/2023 FTSE Closed at 7761 points. Change of -0.13%. Total value traded through LSE was: £ 6,964,989,564 a change of 4.57%
31/01/2023 FTSE Closed at 7771 points. Change of -0.17%. Total value traded through LSE was: £ 6,660,813,951 a change of 20.2%
30/01/2023 FTSE Closed at 7784 points. Change of 0.24%. Total value traded through LSE was: £ 5,541,404,266 a change of 12.58%
27/01/2023 FTSE Closed at 7765 points. Change of 0.05%. Total value traded through LSE was: £ 4,922,369,454 a change of -13.06%
26/01/2023 FTSE Closed at 7761 points. Change of 0.22%. Total value traded through LSE was: £ 5,661,516,595 a change of 15%
25/01/2023 FTSE Closed at 7744 points. Change of -0.17%. Total value traded through LSE was: £ 4,923,070,732 a change of -10.83%
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:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:GRG Greggs** **LSE:IAG British Airways** **LSE:IDS International Distribution** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:OXIG Oxford Instruments** **LSE:SBRY Sainsbury** **LSE:TLW Tullow** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Asos, Astrazeneca, Barclays, Barrett Devs, Caspian, Carnival, Empyrean, MAN, Experian, Greggs, British Airways, International Distribution, Intercontinental Hotels Group, International Personal Finance, ITM Power, Intertek, ITV, Lloyds Grp., Marks and Spencer, Natwest, Oxford Instruments, Sainsbury, Tullow, Taylor Wimpey,
LSE:ASC Asos. Close Mid-Price: 982 Percentage Change: + 10.15% Day High: 1015 Day Low: 905
Target Met. Wow, a big movement finally. Now above 1015 calculates with th ……..
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View Previous Asos & Big Picture ***
LSE:AZN Astrazeneca Close Mid-Price: 10250 Percentage Change: -0.29% Day High: 10342 Day Low: 10186
Below 10186 still points at 9949 with secondary, if broken, at 9290p. The ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 188.4 Percentage Change: + 1.03% Day High: 188.72 Day Low: 185.3
Target Met or near enough. Now above 189 should make an attempt at 195 nex ……..
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View Previous Barclays & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 484.1 Percentage Change: + 4.40% Day High: 483.9 Day Low: 466.1
Further movement against Barrett Devs ABOVE 484 should improve acceleratio ……..
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View Previous Barrett Devs & Big Picture ***
LSE:CASP Caspian. Close Mid-Price: 6.5 Percentage Change: + 6.56% Day High: 6.55 Day Low: 6.1
Continued trades against CASP with a mid-price ABOVE 6.6 should improve th ……..
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View Previous Caspian & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 878.8 Percentage Change: + 13.69% Day High: 883.2 Day Low: 797
Important target update: Carnival needs mid-price trades ABOVE 884 to cont ……..
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View Previous Carnival & Big Picture ***
LSE:EME Empyrean. Close Mid-Price: 1.15 Percentage Change: + 27.49% Day High: 1.7 Day Low: 0.9
Target Met. Now above 1.7 calculates with an ambition of an initial 1.85 w ……..
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View Previous Empyrean & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 260.3 Percentage Change: + 4.25% Day High: 260.2 Day Low: 250.2
Target Met. Now above 261 calculates with the potential of 265 next with o ……..
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View Previous MAN & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 3160 Percentage Change: + 6.15% Day High: 3139 Day Low: 2992
Target met or near enough. All Experian needs are mid-price trades ABOVE 3 ……..
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View Previous Experian & Big Picture ***
LSE:GRG Greggs. Close Mid-Price: 2820 Percentage Change: + 4.44% Day High: 2818 Day Low: 2706
Target Met. Now above 2818 still expects 2906 to provide some hesitation i ……..
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View Previous Greggs & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 173.58 Percentage Change: + 3.31% Day High: 172.8 Day Low: 168.64
British Airways needs mid-price trades ABOVE 174 to improve an ascent towa ……..
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View Previous British Airways & Big Picture ***
LSE:IDS International Distribution. Close Mid-Price: 238.9 Percentage Change: + 4.32% Day High: 242.9 Day Low: 232.8
Ongoing traffic above 243 remains with the potential of 253 next with seco ……..
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View Previous International Distribution & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5778 Percentage Change: + 2.99% Day High: 5766 Day Low: 5646
Target Met. Further movement against Intercontinental Hotels Group ABOVE 5 ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 97.9 Percentage Change: + 6.41% Day High: 99.1 Day Low: 87.1
Target Met. Now above 100p still suggests a lift to 106 with secondary, if ……..
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View Previous International Personal Finance & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 118.55 Percentage Change: + 14.76% Day High: 120.35 Day Low: 104.95
All ITM Power needs are mid-price trades ABOVE 120.5 to improve accelerati ……..
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View Previous ITM Power & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 4522 Percentage Change: + 3.12% Day High: 4528 Day Low: 4394
It looks like movement next above 4528 should attempt an initial 4657 with ……..
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View Previous Intertek & Big Picture ***
LSE:ITV ITV. Close Mid-Price: 87.5 Percentage Change: + 5.86% Day High: 88.04 Day Low: 83.54
Target Met. Now above 89 indicates the potential of a visit to 94 next wit ……..
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View Previous ITV & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 53.49 Percentage Change: + 0.96% Day High: 53.76 Day Low: 52.79
Continued trades against LLOY with a mid-price ABOVE 53.8 should improve t ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 161.05 Percentage Change: + 7.30% Day High: 162.05 Day Low: 151.15
Target Met. This has gotten useful as above 163p now calculates with an in ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 309.9 Percentage Change: + 0.49% Day High: 313.1 Day Low: 308.3
Natwest needs mid-price trades ABOVE 314 to improve acceleration toward a ……..
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View Previous Natwest & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2450 Percentage Change: + 4.70% Day High: 2470 Day Low: 2375
Target Met. Now above 2471 suggests travel to 2657 next with secondary, if ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 267.5 Percentage Change: + 1.44% Day High: 269.3 Day Low: 263.9
Target Met. Now above 270 suggests 279 next with secondary, if beaten, at ……..
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View Previous Sainsbury & Big Picture ***
LSE:TLW Tullow Close Mid-Price: 34.68 Percentage Change: -0.86% Day High: 35.84 Day Low: 33.84
Target Met or near enough. Hopefully it bounces but visually, it looks unl ……..
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View Previous Tullow & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 126.5 Percentage Change: + 6.66% Day High: 126.3 Day Low: 119.4
All Taylor Wimpey needs are mid-price trades ABOVE 126.3 to improve accele ……..
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View Previous Taylor Wimpey & Big Picture ***