#Dax #Brent The S&P 500 index is currently presenting a perfect argument as to why folk dare not trust national index’ as a safe barometer as to how well things are going. Currently, this S&P 500 is up 8.3% this year, an encouraging number by any standards. However, there’s a deeper harsh reality, this level of gain driven by just 20 companies out of 500. The implication, for the residual 480 components of the index, isn’t great. Once the top 20 are discounted, the index itself only moved by just over 1%.
Similar poisonous behaviour also infects the FTSE 100, up by 5.1% so far this year, but the market is also away with many respectable shares doing very little of interest. Which, needless to say, brings us to Lloyds bank, up by 3.1% this year. One aspect of Lloyds share price behaviour which continues to bother us is the share price’s failure to attempt to pre-pandemic price level of 58p. Both Barclays and Natwest proved able to exceed this particular low bar but alas, in the case of Lloyds, the share price appears to be viewing the pre-pandemic price as a Limbo Dance price bar, ensuring it remains below rather than risk doing anything valuable for investors!
From a Big Picture perspective, the share price needs now exceed 52.4p to apparently trigger movement to an initial 57p with secondary, if bettered, at 62.7p. In the event trouble is planned, the share price needs weaken below 45p as this risks provoking reversal to an initial 41.7p with secondary, if broken, a quite dangerous 36p, within reach of a hopeful ultimate bottom of just 30p.
For now, with Lloyds we’ve too many reasons to lack any optimism for the immediate future.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 5:24:00PM | BRENT | 86.34 | 85.15 | 84.51 | 83.61 | 86.38 | 87.21 | 87.38 | 87.91 | 85.6 |
| 5:25:39PM | GOLD | 2003 | ||||||||
| 5:27:18PM | FTSE | 7873 | ||||||||
| 5:29:19PM | STOX50 | 4376 | ||||||||
| 5:31:18PM | GERMANY | 15826.5 | 15757 | 15723 | 15682 | 15803 | 15846 | 15880 | 15919 | 15789 |
| 5:32:50PM | US500 | 4137 | ||||||||
| 5:35:08PM | DOW | 33807 | ||||||||
| 5:37:23PM | NASDAQ | 13038 | ||||||||
| 5:39:11PM | JAPAN | 28452 |
14/04/2023 FTSE Closed at 7871 points. Change of 0.36%. Total value traded through LSE was: £ 5,498,351,712 a change of 11.26%
13/04/2023 FTSE Closed at 7843 points. Change of 0.24%. Total value traded through LSE was: £ 4,941,877,578 a change of -0.83%
12/04/2023 FTSE Closed at 7824 points. Change of 0.5%. Total value traded through LSE was: £ 4,983,460,119 a change of -24.23%
11/04/2023 FTSE Closed at 7785 points. Change of 0.57%. Total value traded through LSE was: £ 6,576,655,503 a change of 53.55%
6/04/2023 FTSE Closed at 7741 points. Change of 1.03%. Total value traded through LSE was: £ 4,283,125,901 a change of -14.63%
5/04/2023 FTSE Closed at 7662 points. Change of 0.37%. Total value traded through LSE was: £ 5,017,004,065 a change of -11.84%
4/04/2023 FTSE Closed at 7634 points. Change of -100%. Total value traded through LSE was: £ 5,690,797,913 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:AML Aston Martin** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:GLEN Glencore Xstra** **LSE:HSBA HSBC** **LSE:OXIG Oxford Instruments** **LSE:SPX Spirax** **
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Updated charts published on : Aston Martin, Avacta, Astrazeneca, Barclays, British Telecom, Carclo, Glencore Xstra, HSBC, Oxford Instruments, Spirax,
LSE:AML Aston Martin. Close Mid-Price: 239 Percentage Change: + 3.11% Day High: 242 Day Low: 230.2
Continued trades against AML with a mid-price ABOVE 242 should improve th ……..
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View Previous Aston Martin & Big Picture ***
LSE:AVCT Avacta. Close Mid-Price: 139 Percentage Change: + 6.11% Day High: 142.5 Day Low: 133
Further movement against Avacta ABOVE 142.5 should improve acceleration t ……..
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View Previous Avacta & Big Picture ***
LSE:AZN Astrazeneca Close Mid-Price: 11892 Percentage Change: -0.20% Day High: 11990 Day Low: 11880
Further movement against Astrazeneca ABOVE 11990 should improve accelerat ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 157.88 Percentage Change: + 3.23% Day High: 158.58 Day Low: 153.04
Target met. In the event of Barclays enjoying further trades beyond 158.5 ……..
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View Previous Barclays & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 156.85 Percentage Change: + 0.84% Day High: 158.3 Day Low: 156.35
Target met. All British Telecom needs are mid-price trades ABOVE 158.3 to ……..
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View Previous British Telecom & Big Picture ***
LSE:CAR Carclo Close Mid-Price: 10.8 Percentage Change: -13.43% Day High: 11.2 Day Low: 10.5
Target met. If Carclo experiences continued weakness below 10.5, it will ……..
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View Previous Carclo & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 491.7 Percentage Change: + 0.83% Day High: 499.8 Day Low: 490.3
In the event of Glencore Xstra enjoying further trades beyond 499.8, the ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 584.3 Percentage Change: + 3.00% Day High: 587.4 Day Low: 563.3
All HSBC needs are mid-price trades ABOVE 587.4 to improve acceleration t ……..
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View Previous HSBC & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2685 Percentage Change: + 3.87% Day High: 2745 Day Low: 2615
Target met. Continued trades against OXIG with a mid-price ABOVE 2745 sho ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 11640 Percentage Change: + 0.43% Day High: 11845 Day Low: 11595
Further movement against Spirax ABOVE 11845 should improve acceleration t ……..
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View Previous Spirax & Big Picture ***