#FTSE #Stoxx50 As a nuclear submarine sneaks seaward from our part of Argyll, a spy popped up from the hedge! Alternately, perhaps they’d been rummaging around, looking for reasons Legal & General share price continues to emulate the UK retail banking sector by doing nothing useful. It’s funny, a look through the Wikipedia web page for LGEN revealed little of interest, other than the purchase of shares in the company used to be restricted to members of the legal profession. Nowadays, everyone can buy shares and spend 10 years wondering why little happens, aside from the pandemic whoopsie in 2020.
It’s approaching that time of the year on the markets, where the grown ups take August off. It results in an unpleasant situation where we long for the excitement of the period between Xmas and New Year, a timeframe notorious for its absolute levels of boredom. Unfortunately, the August holiday malaise now tends make itself felt from the middle of July onward and this facet of price movement looks capable of becoming a nuisance with Legal & General. In other words, things may move very slowly.
Movement now below 217p risks triggering reversals to an initial 193 next, along with a chance of a bounce. However, should 193p break, any bounce is liable to prove short lived as our secondary and hopeful bottom down at 176p may prove too attractive.
As always, we’ve a converse scenario tucked away, one which was born from Legal & General price movements in the first couple of months of this year. The price appeared quite firmly controlled in this period nudging up and down by only 10p like an annoying nodding dog toy in the back of the car in front at traffic lights. Our inclination is to take some hope from the repeated efforts made to stop LGEN going up in price. There’s been some volatility in the months since, very little of which makes immediate sense, and now, we suggest keeping an eye on the share in case some excuse is discovered to allow them to exceed Blue on the chart below (presently 258p) as this should hopefully trigger recovery to an initial 297p and some hesitation. Our longer term secondary, if 297p is bettered, works out at 330p and a new all time high.
This is one which we suspect shall prove worth keeping an eye on.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:03:58PM | BRENT | 7926.7 | ‘cess | ||||||||
| 10:06:22PM | GOLD | 1931.75 | Success | ||||||||
| 10:08:44PM | FTSE | 7290.7 | 7231 | 7207 | 7178 | 7261 | 7296 | 7303 | 7325 | 7280 | ‘cess |
| 10:11:14PM | STOX50 | 4297.5 | 4255 | 4237 | 4215 | 4275 | 4303 | 4329 | 4374 | 4272 | ‘cess |
| 10:14:17PM | GERMANY | 15827.6 | Success | ||||||||
| 10:16:44PM | US500 | 4437.9 | Success | ||||||||
| 10:19:06PM | DOW | 34247 | ‘cess | ||||||||
| 10:21:44PM | NASDAQ | 15122.1 | ‘cess | ||||||||
| 10:24:28PM | JAPAN | 32320 |
11/07/2023 FTSE Closed at 7282 points. Change of 0.12%. Total value traded through LSE was: £ 4,065,629,486 a change of 3.17%
10/07/2023 FTSE Closed at 7273 points. Change of 0.23%. Total value traded through LSE was: £ 3,940,608,069 a change of 3.75%
7/07/2023 FTSE Closed at 7256 points. Change of -0.33%. Total value traded through LSE was: £ 3,798,027,374 a change of -31.82%
6/07/2023 FTSE Closed at 7280 points. Change of -2.18%. Total value traded through LSE was: £ 5,570,653,867 a change of 7.74%
5/07/2023 FTSE Closed at 7442 points. Change of -1.02%. Total value traded through LSE was: £ 5,170,439,166 a change of 50.69%
4/07/2023 FTSE Closed at 7519 points. Change of -0.11%. Total value traded through LSE was: £ 3,431,263,448 a change of -36.49%
3/07/2023 FTSE Closed at 7527 points. Change of -0.05%. Total value traded through LSE was: £ 5,402,403,715 a change of 3.4% 
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:AZN Astrazeneca** **LSE:DGE Diageo** **LSE:NG. National Glib** **LSE:ODX Omega Diags** **LSE:SPX Spirax** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Astrazeneca, Diageo, National Glib, Omega Diags, Spirax, Zoo Digital,
LSE:AZN Astrazeneca Close Mid-Price: 10082 Percentage Change: -0.96% Day High: 10138 Day Low: 10020
In the event Astrazeneca experiences weakness below 10020 it calculates w ……..
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LSE:DGE Diageo. Close Mid-Price: 3289.5 Percentage Change: + 0.60% Day High: 3296 Day Low: 3246.5
Weakness on Diageo below 3246.5 will invariably lead to 3240 with seconda ……..
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LSE:NG. National Glib Close Mid-Price: 988.2 Percentage Change: -0.06% Day High: 993.2 Day Low: 980.4
In the event National Glib experiences weakness below 980.4 it calculates ……..
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LSE:ODX Omega Diags. Close Mid-Price: 2.85 Percentage Change: + 11.76% Day High: 2.85 Day Low: 2.55
This has the potential to become a little interesting as movement now abov ……..
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LSE:SPX Spirax Close Mid-Price: 9936 Percentage Change: -0.79% Day High: 10075 Day Low: 9820
In the event Spirax experiences weakness below 9820 it calculates with a ……..
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LSE:ZOO Zoo Digital. Close Mid-Price: 110.5 Percentage Change: + 1.38% Day High: 111 Day Low: 108
If Zoo Digital experiences continued weakness below 108, it will invariab ……..
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View Previous Zoo Digital & Big Picture ***