#FTSE #GOLD It transpires there are worse things than going to Ikea with your partner. Buying a car turned into something akin to trying to keep a puppy’s attention in a butterfly farm, slightly nightmarish. There were a row of cars, headed by the Peugeot she wanted to view. The salesman dug the thing out, my wife immediately spotting the VW cabriolet behind it. She really likes Golf’s, so also wanted to test this. Around this point, a big Subaru behind the Golf was revealed fully, and she also wanted a drive of this. By the end of the session, it was between the Subaru and the Peugeot, but unfortunately, neither compared well with her current Toyota 4WD.
After bluntly telling the patient salesman her conclusion, he bluntly replied she’d need to either replace her Toyota with a newer Toyota, or look at VW 4WD’s.
It was one of these days, a ferry to the mainland, a 30 mile drive to a car dealer, and the sinking feeling we’d accomplished nothing. Sudden inspiration struck, we’d not been for a walk on the famous Troon beach for years, once our favourite playground for the dogs and only a few miles away. Despite the tide being out, requiring a walk of around a mile to get to the sea, it proved to be dog heaven and thankfully free of humans.
The walk gave plenty of time to consider just what the heck is going on with the FTSE…
Since the start of May, most folk will have noticed the UK market has been effectively parked, waiting for an excuse to do something chaotic or useful. We’ve mentioned previously, with the index breaking above the Blue trend line which delineates market highs since 2018, it should prove relatively easy for the market to experience some proper gains as it’s trading in a zone with a long term attraction above 8200 points.
Near term, above 7786 suggests the potential of gains in the direction of an initial 7827 points with secondary, if bettered, at 7875. If triggered, the tightest sane stop looks like 7723 points.
Our alternative scenario is less flamboyant, our calculations suggesting weakness below 7723 risks a visit to 7707 points with secondary, if broken, at 7675 and the threat of the FTSE remaining, like todays used cars, trapped in a parking zone.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:25:42PM | BRENT | 7766.14 | 75.44 | 74.925 | 76.38 | 77.21 | 77.625 | 76.2 | ‘cess | ||
| 10:28:24PM | GOLD | 1957.94 | 1952 | 1946 | 1967 | 1964 | 1968 | 1956 | Success | ||
| 10:37:07PM | FTSE | 7766.14 | 7724 | 7717 | 7749 | 7776 | 7781 | 7741 | ‘cess | ||
| 10:48:55PM | STOX50 | 4389.3 | 4348 | 4341 | 4367 | 4385 | 4398 | 4372 | Success | ||
| 10:51:09PM | GERMANY | 16218.44 | 16092 | 16037 | 16177 | 16229 | 16283 | 16132 | Success | ||
| 10:53:07PM | US500 | 4203.67 | 4146 | 4135 | 4176 | 4204 | 4207 | 4191 | Success | ||
| 11:10:09PM | DOW | 33597 | 33207 | 33184 | 33311 | 33590 | 33663 | 33393 | ‘cess | ||
| 11:13:28PM | NASDAQ | 13891 | 13570 | 13521 | 13623 | 13902 | 13983 | 13699 | |||
| 11:15:22PM | JAPAN | 30904 | 30392 | 30326 | 30584 | 30926 | 30942 | 30866 | ‘cess |
18/05/2023 FTSE Closed at 7742 points. Change of 0.25%. Total value traded through LSE was: £ 5,967,034,656 a change of 12.56%
17/05/2023 FTSE Closed at 7723 points. Change of -0.36%. Total value traded through LSE was: £ 5,301,388,137 a change of 17.83%
16/05/2023 FTSE Closed at 7751 points. Change of -0.33%. Total value traded through LSE was: £ 4,499,249,343 a change of -9.01%
15/05/2023 FTSE Closed at 7777 points. Change of 0.3%. Total value traded through LSE was: £ 4,944,763,554 a change of 10.08%
12/05/2023 FTSE Closed at 7754 points. Change of 0.31%. Total value traded through LSE was: £ 4,492,113,080 a change of -8.91%
11/05/2023 FTSE Closed at 7730 points. Change of -0.14%. Total value traded through LSE was: £ 4,931,618,860 a change of 7.65%
10/05/2023 FTSE Closed at 7741 points. Change of -100%. Total value traded through LSE was: £ 4,581,255,813 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:CCL Carnival** **LSE:CNA Centrica** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IDS International Distribution** **LSE:IQE IQE** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PMG Parkmead** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Aston Martin, Avacta, Carnival, Centrica, HSBC, British Airways, International Distribution, IQE, National Glib, Ocado Plc, Parkmead, Zoo Digital,
LSE:AML Aston Martin. Close Mid-Price: 260 Percentage Change: + 12.46% Day High: 288 Day Low: 255.4
Target met. Further movement against Aston Martin ABOVE 288 should improv ……..
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View Previous Aston Martin & Big Picture ***
LSE:AVCT Avacta. Close Mid-Price: 108 Percentage Change: + 0.93% Day High: 109.5 Day Low: 104
Weakness on Avacta below 104 will invariably lead to 97 with secondary, i ……..
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View Previous Avacta & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 786.8 Percentage Change: + 2.82% Day High: 794 Day Low: 765.2
All Carnival needs are mid-price trades ABOVE 794 to improve acceleration ……..
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View Previous Carnival & Big Picture ***
LSE:CNA Centrica Close Mid-Price: 116.8 Percentage Change: -2.46% Day High: 120.25 Day Low: 116.15
Continued trades against CNA with a mid-price ABOVE 120.25 should improve ……..
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View Previous Centrica & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 612.9 Percentage Change: + 1.64% Day High: 616.1 Day Low: 607.4
All HSBC needs are mid-price trades ABOVE 616.1 to improve acceleration t ……..
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View Previous HSBC & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 160.35 Percentage Change: + 0.69% Day High: 162 Day Low: 159.3
In the event of British Airways enjoying further trades beyond 162, the ……..
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View Previous British Airways & Big Picture ***
LSE:IDS International Distribution Close Mid-Price: 208.9 Percentage Change: -5.99% Day High: 222.9 Day Low: 204.8
Continued weakness against IDS taking the price below 204.8 calculates as ……..
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View Previous International Distribution & Big Picture ***
LSE:IQE IQE Close Mid-Price: 20.75 Percentage Change: -11.70% Day High: 21.1 Day Low: 19.9
Target met. In the event IQE experiences weakness below 19.9 it calculate ……..
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View Previous IQE & Big Picture ***
LSE:NG. National Glib Close Mid-Price: 1108 Percentage Change: -2.85% Day High: 1137 Day Low: 1098
If National Glib experiences continued weakness below 1098, it will invar ……..
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View Previous National Glib & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 397.7 Percentage Change: -3.07% Day High: 413.2 Day Low: 398.8
Continued weakness against OCDO taking the price below 398.8 calculates a ……..
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View Previous Ocado Plc & Big Picture ***
LSE:PMG Parkmead Close Mid-Price: 21.25 Percentage Change: -2.30% Day High: 21.75 Day Low: 21.25
If Parkmead experiences continued weakness below 21.25, it will invariabl ……..
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View Previous Parkmead & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 134 Percentage Change: + 0.37% Day High: 134 Day Low: 131
Weakness on Zoo Digital below 131 will invariably lead to 109 with second ……..
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View Previous Zoo Digital & Big Picture ***