#US500_Futures #NK225 A ‘spirited discussion’ today dwelt on my recent efforts making cider. Apparently, this is the ‘Rock Tumbler’ all over again, a previous project where I designed and built a machine to polish rocks, making plenty of these impressive ornaments until I finally questioned why? No one ever woke up with a longing for an egg shaped rock and my shed was starting to become rather overwhelmed with containers. So I ditched them in the garden stream, giving the water something nice to flow over on its way to the sea.
My efforts in making cider are nothing like this, not least because I don’t store the finished product in my empty shed. Instead, roughly 30 litres line a particular kitchen shelf with the rest taking pride of place in the guest bedroom, an over-engineered shelf coping with the weight of around 40 two litre bottles of “juice”.
My current wife’s issue makes a degree of sense as I don’t drink cider.
Instead, I’ve been taking time attempting to ferment a mixture which is enjoyable to my palate. Currently, blueberry flavoured apple cider is in the lead, especially with a dash of lemonade, but there’s a lot of work to do yet. The product tastes quite differently, once fermentation is complete and it has sat for a few weeks or months. Needless to say, copious notes need kept, especially relating to the supplier and type of yeast employed for each brew.
Our conversation ended abruptly, when I attempted a joke, generally a bad mistake in our house.
Saying masterfully, “You attempt to cook every night and you don’t hear me complain?” could possibly have been taken the wrong way. She is a proper chef, can even use proper chef words, and really doesn’t like anything funny said, even with genuinely humorous disasters. About the only clever thing was not having the discussion until we were sitting at the dinner table, thus avoiding the need to phone for a takeaway.
And this takes us to Currys Plc, yet another share which had an exciting past and one where it makes sense to be nervous in case saying the wrong thing. Surely we cannot be far from the days, when these big box white goods stores start selling electric cars? (Oh, for the Tannoy announcement; cleanup at Luton Airport car park…)
Something, perhaps key, has happened with Currys share price as the market opted to gap it up on Tuesday. We’re always a little curious as to the reason for these movements as generally, it makes sense to ask “Just what did you jump over?”
In the case of Currys, there’s a Blue downtrend which dates back to 2015. Or perhaps Monday of last week (see insert) but logically, we suspect 2015 as this makes a lot of visual sense. We’ve had a weather eye on the share price, due to our Big Picture calculating with a logical bottom around 42p and maybe recent dip to 45p was perhaps deemed “close enough” by the market to suggest it was nearly time for a reasonable bounce.
Currently trading around 47.7p, the price needs exceed 50.5 to ideally trigger share price recovery to an initial 54p with secondary, if bettered, at 66p and a price level where we shall revisit the share. The visuals suggest some hesitation is probable around the 66p level, simply because we cannot currently work out anything higher without the share price experiencing some volatility. Of course, the market could easily opt to gap the price upward again, throwing everything into confusion.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:44:30PM | BRENT | 8484 | ‘cess | ||||||||
| 9:47:32PM | GOLD | 1873.54 | ‘cess | ||||||||
| 9:50:18PM | FTSE | 7633.7 | |||||||||
| 9:56:48PM | STOX50 | 4212.6 | ‘cess | ||||||||
| 9:59:53PM | GERMANY | 15502.1 | |||||||||
| 10:04:23PM | US500 | 4385.9 | 4344 | 4333 | 4315 | 4364 | 4386 | 4401 | 4420 | 4355 | |
| 10:07:20PM | DOW | 33855.5 | |||||||||
| 10:10:33PM | NASDAQ | 15273 | |||||||||
| 10:13:20PM | JAPAN | 32015 | 31774 | 31653 | 31506 | 31975 | 32094 | 32304 | 32977 | 31898 |
11/10/2023 FTSE Closed at 7620 points. Change of -0.1%. Total value traded through LSE was: £ 4,354,502,993 a change of -19.19%
10/10/2023 FTSE Closed at 7628 points. Change of 1.82%. Total value traded through LSE was: £ 5,388,462,932 a change of 18%
9/10/2023 FTSE Closed at 7492 points. Change of -0.03%. Total value traded through LSE was: £ 4,566,678,677 a change of -5.8%
6/10/2023 FTSE Closed at 7494 points. Change of 0.58%. Total value traded through LSE was: £ 4,848,110,994 a change of 10.75%
5/10/2023 FTSE Closed at 7451 points. Change of 0.53%. Total value traded through LSE was: £ 4,377,671,479 a change of -22.43%
4/10/2023 FTSE Closed at 7412 points. Change of -0.78%. Total value traded through LSE was: £ 5,643,867,508 a change of 31.79%
3/10/2023 FTSE Closed at 7470 points. Change of -0.53%. Total value traded through LSE was: £ 4,282,549,883 a change of -23.79%
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:AVCT Avacta** **LSE:ECO ECO (Atlantic) O & G** **LSE:JET Just Eat** **LSE:SPX Spirax** **LSE:STAR Star Energy** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Avacta, ECO (Atlantic) O & G, Just Eat, Spirax, Star Energy, Taylor Wimpey,
LSE:AVCT Avacta. Close Mid-Price: 154 Percentage Change: + 1.99% Day High: 164.5 Day Low: 149
Target met. In the event of Avacta enjoying further trades beyond 164.5, ……..
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View Previous Avacta & Big Picture ***
LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 10.38 Percentage Change: -3.49% Day High: 10.75 Day Low: 10.38
Target met. Weakness on ECO (Atlantic) O & G below 10.38 will invariably ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1067 Percentage Change: + 2.20% Day High: 1081 Day Low: 1052
All Just Eat needs are mid-price trades ABOVE 1081 to improve acceleratio ……..
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View Previous Just Eat & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 8940 Percentage Change: + 0.59% Day High: 9022 Day Low: 8790
If Spirax experiences continued weakness below 8790, it will invariably l ……..
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View Previous Spirax & Big Picture ***
LSE:STAR Star Energy. Close Mid-Price: 11.5 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Above just 12.5 should now allow for movement to an initial 14.2 with seco ……..
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View Previous Star Energy & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 116.75 Percentage Change: -0.43% Day High: 117.7 Day Low: 115
Even above 127 should now be sufficient to give hope, allowing for recover ……..
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View Previous Taylor Wimpey & Big Picture ***