#Brent #Dax Reading a throwaway comment over the weekend provided genuine pause for thought. The famous Wall St crash of 1929, notorious for the first real incident of “It’s Raining Men” which precursed the famous Weather Girls tune. The commentary finished with a conclusion, one which suggested the 1929 crash didn’t complete until 16 years later, following the 2nd World War.
Our thinking was easily captured by an attractive implication embodied within this thinking.
If the market crash of 2007/8/9 is to be viewed in a similar fashion, perhaps there’s a chance of some solace finally making an appearance, at least for the UK and European markets. While the USA has adopted an “all steam ahead” approach since the most recent crash, on this side of the water, especially with the financial sector, we’ve remained trapped in stodge, banking shares proving especially pathetic which hoping to see signals of imminent hope. Instead, every three weeks, we find ourselves searching for any suggestions of optimism, creating scenario which even if triggered, tend to fizzle out like a Pound Shop firework.
All things considered, it’s an interesting thought, one which suggests we may finally be approaching an era where banking sector shares actually start moving with a degree of integrity!
Of course, this is all an excuse to try and explain why Barclays, no matter what we say every three weeks, never actually enacts any useful movements!
The immediate situation suggests strength above 166p should promote the concept of share price recovery to an initial 172p with secondary, if bettered, at 186p. We remain curious about the Blue downtrend on the chart as it dates back to 2007. Share price movements this year make it pretty clear the market regards this trend line as important and given the potentially positive effects of this scenario, any break now above Blue is liable to enjoy some strong long term potentials.
However, we have our doubts, exactly due to the reason the market regards Blue as critical. Instead, we suspect once again an attempt shall be enacted to keep Barclays marching on the spot as below 148p now looks capable of triggering reversal to an initial 133p, hopefully with a bounce. If broken, our secondary works out at a hopeful bottom of 112p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 10:56:47PM | BRENT | 75.02 | 74.52 | 73.13 | 71.62 | 75.51 | 76.16 | 77.98 | 79.8 | 75.1 |
| 10:58:43PM | GOLD | 1961.09 | 1960 | |||||||
| 11:00:37PM | FTSE | 7571.85 | 7583 | |||||||
| 11:02:36PM | STOX50 | 4296.6 | 4290 | |||||||
| 11:05:57PM | GERMANY | 15960.88 | 15917 | 15872 | 15821 | 15978 | 16015 | 16049 | 16093 | 15982 |
| 11:07:53PM | US500 | 4303.57 | 4291 | |||||||
| 11:09:24PM | DOW | 33884.8 | 33811 | |||||||
| 11:11:24PM | NASDAQ | 14547 | 14463 | |||||||
| 11:13:53PM | JAPAN | 32347 | 32349 |
9/06/2023 FTSE Closed at 7562 points. Change of -0.49%. Total value traded through LSE was: £ 4,487,952,425 a change of -12.07%
8/06/2023 FTSE Closed at 7599 points. Change of -0.33%. Total value traded through LSE was: £ 5,104,102,479 a change of 3.08%
7/06/2023 FTSE Closed at 7624 points. Change of -0.05%. Total value traded through LSE was: £ 4,951,636,659 a change of 0.85%
6/06/2023 FTSE Closed at 7628 points. Change of 0.38%. Total value traded through LSE was: £ 4,909,723,355 a change of 21.93%
5/06/2023 FTSE Closed at 7599 points. Change of -0.11%. Total value traded through LSE was: £ 4,026,661,677 a change of -31.04%
2/06/2023 FTSE Closed at 7607 points. Change of 1.56%. Total value traded through LSE was: £ 5,839,256,981 a change of 14.36%
1/06/2023 FTSE Closed at 7490 points. Change of 0.59%. Total value traded through LSE was: £ 5,105,968,663 a change of -64.14%
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:CASP Caspian** **LSE:CCL Carnival** **LSE:HL. Hargreaves Lansdown** **LSE:IPF International Personal Finance** **LSE:JET Just Eat** **LSE:PMG Parkmead** **LSE:SRP Serco** **
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Updated charts published on : Asos, Caspian, Carnival, Hargreaves Lansdown, International Personal Finance, Just Eat, Parkmead, Serco,
LSE:ASC Asos Close Mid-Price: 325.1 Percentage Change: -5.25% Day High: 348.8 Day Low: 328.3
If Asos experiences continued weakness below 328, it will invariably lead ……..
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View Previous Asos & Big Picture ***
LSE:CASP Caspian Close Mid-Price: 5.5 Percentage Change: -0.90% Day High: 5.55 Day Low: 5.3
Target Met. Now below 5.25 calculates with the potential of reversal to an ……..
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View Previous Caspian & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 909.4 Percentage Change: + 1.36% Day High: 926 Day Low: 878
Above 926 should still make an attempt at 961 next with secondary, if beat ……..
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View Previous Carnival & Big Picture ***
LSE:HL. Hargreaves Lansdown. Close Mid-Price: 861.6 Percentage Change: + 0.47% Day High: 870 Day Low: 858
Further movement against Hargreaves Lansdown ABOVE 870 should improve acc ……..
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View Previous Hargreaves Lansdown & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 118 Percentage Change: + 0.85% Day High: 120 Day Low: 116.5
Target met. In the event of International Personal Finance enjoying furth ……..
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View Previous International Personal Finance & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1104 Percentage Change: + 0.91% Day High: 1103 Day Low: 1069
Continued weakness against JET taking the price below 1069 calculates as ……..
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View Previous Just Eat & Big Picture ***
LSE:PMG Parkmead Close Mid-Price: 18.5 Percentage Change: -5.13% Day High: 19.75 Day Low: 18.5
If Parkmead experiences continued weakness below 18.5, it will invariably ……..
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View Previous Parkmead & Big Picture ***
LSE:SRP Serco. Close Mid-Price: 143.8 Percentage Change: + 0.70% Day High: 144.2 Day Low: 139.1
Target met. Weakness on Serco below 139.1 will invariably lead to 137 wit ……..
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View Previous Serco & Big Picture ***