#FreeFTSE #GOLD
It has been a pretty foul week for the market, insofar as very little has really been happening. Locally, it’s proving more fun watching the Scottish political scene, the fallout over Sturgeons departure causing utter panic amongst her appalling cult of followers. It’s not quite a circular firing squad, instead more akin to a bunch of folk wearing clown costumes trying to shift their collective blame onto anyone else, even voters now being accused of being “out of touch”. The shambles almost makes the days of Boris in Downing St seem quite professional.
And of course, when you add the spice of £600,000 going missing from Sturgeons party piggy bank, a police investigation into the missing money, now with apparent links into the attempt to frame Mr Salmond, the resignation of a Chief Constable, it all appears destined to fizzle out as some of the theories dominating social media are a bit outlandish, though utterly delicious. Scotland can be a funny old place with doubtless a few ‘super-injunctions’ now being drafted in a bit of a panic.
However, as far as the stock market goes, all we’ve got is a little FTSE chart to promote any attempt at humour.
Currently, above 7938 should apparently make an attempt at 7985 points with our secondary, if bettered, working out at a visually unlikely 8083 points, along with a new all time high. If triggered, the tightest stop loss level looks like a reasonable 7910 points.
Our alternate scenario, if the world intends fall apart, suggests weakness below 7886 should threaten imminent reversal to an initial 7851 points with our secondary, if this initial target breaks, working out at 7796 points. If triggered, the tightest sane stop looks like 7936 points, certainly sufficiently wide to justify the depth of movement.
Perhaps more importantly, questions are being asked in Scotland where are all the clowns cars? It’s almost been forgotten that they’re making their way to Bahrain for the Grand Prix in a weeks time, the inaugural race of 2023. Hopefully this years winner shall not be tainted by a third year of scandal.
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 |
| 10:58:25PM | BRENT | 82.32 | 80.28 | 79.17 | 82 | 82.46 | 82.64 | 81.6 | Success | ||
| 11:01:24PM | GOLD | 1823.76 | 1817 | 1813 | 1830 | 1834 | 1838 | 1822 | ‘cess | ||
| 11:03:29PM | FTSE | 7935.12 | 7890 | 7870 | 7925 | 7949 | 7962 | 7909 | Shambles | ||
| 11:05:06PM | STOX50 | 4280.2 | 4246 | 4230 | 4272 | 4284 | 4292 | 4246 | ‘cess | ||
| 11:07:09PM | GERMANY | 15518 | 15429 | 15383 | 15505 | 15554 | 15598 | 15460 | Success | ||
| 11:09:00PM | US500 | 4009.42 | 3969 | 3950 | 4013 | 4029 | 4048 | 3998 | Shambles | ||
| 11:15:13PM | DOW | 33117.2 | 32788 | 32758 | 33118 | 33280 | 33434 | 33080 | ‘cess | ||
| 11:17:31PM | NASDAQ | 12157 | 12000 | 11911 | 12114 | 12235 | 12330 | 12120 | |||
| 11:19:33PM | JAPAN | 27203 | 27014 | 26910 | 27145 | 27257 | 27359 | 27124 | ‘cess |
23/02/2023 FTSE Closed at 7907 points. Change of -0.29%. Total value traded through LSE was: £ 5,497,114,036 a change of -4.82%
22/02/2023 FTSE Closed at 7930 points. Change of -0.59%. Total value traded through LSE was: £ 5,775,714,264 a change of -17.45%
21/02/2023 FTSE Closed at 7977 points. Change of -0.46%. Total value traded through LSE was: £ 6,996,845,952 a change of 263.69%
20/02/2023 FTSE Closed at 8014 points. Change of 0.12%. Total value traded through LSE was: £ 1,923,863,385 a change of -74.93%
17/02/2023 FTSE Closed at 8004 points. Change of -0.1%. Total value traded through LSE was: £ 7,672,519,841 a change of 57.8%
16/02/2023 FTSE Closed at 8012 points. Change of 0.19%. Total value traded through LSE was: £ 4,862,026,417 a change of -10.79%
15/02/2023 FTSE Closed at 7997 points. Change of 0.55%. Total value traded through LSE was: £ 5,450,342,646 a change of -0.23%
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:GENL Genel** **LSE:HIK Hikma** **LSE:OPG OPG Power Ventures** **LSE:PMG Parkmead** **LSE:RR. Rolls Royce** **LSE:TLW Tullow** **
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Updated charts published on : Genel, Hikma, OPG Power Ventures, Parkmead, Rolls Royce, Tullow,
LSE:GENL Genel. Close Mid-Price: 122.6 Percentage Change: + 0.00% Day High: 125 Day Low: 121.2
Weakness on Genel below 121.2 will invariably lead to 120 with secondary, ……..
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View Previous Genel & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1718 Percentage Change: -2.02% Day High: 1861 Day Low: 1695
Target met. All Hikma needs are mid-price trades ABOVE 1861 to improve ac ……..
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View Previous Hikma & Big Picture ***
LSE:OPG OPG Power Ventures. Close Mid-Price: 9.22 Percentage Change: + 5.98% Day High: 9.25 Day Low: 8.7
Further movement against OPG Power Ventures ABOVE 9.25 should improve acc ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:PMG Parkmead Close Mid-Price: 40.5 Percentage Change: -2.41% Day High: 41.8 Day Low: 39
If Parkmead experiences continued weakness below 39, it will invariably l ……..
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View Previous Parkmead & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 133.1 Percentage Change: + 23.68% Day High: 134.68 Day Low: 118
Target met. All Rolls Royce needs are mid-price trades ABOVE 134.68 to im ……..
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View Previous Rolls Royce & Big Picture ***
LSE:TLW Tullow. Close Mid-Price: 33.3 Percentage Change: + 1.09% Day High: 34 Day Low: 32.02
In the event Tullow experiences weakness below 32.02 it calculates with a ……..
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View Previous Tullow & Big Picture ***