#FTSE #GOLD It’s funny how the more things change, the more they stay the same. With Frasier once again showing on TV, it was a pleasure to revisit the often very contrived sitcom, easy enjoyment without the danger of needing to engage brain. Of course, as the star Kelsey Grammar wrote the originals, there was never going to be the danger of breaking in a whole new set of “woke” scriptwriters. Pity about the lack of the dog or the father but both were necessary concessions to a 20 year hiatus!
Similarly, the UK’s AIM market appears to be re-releasing itself, just like Frasier, only with ‘the joke’ being on traders.
For a while since 2017, the AIM was cheerfully placing the FTSE firmly in its place, regularly leaving the principal market standing while the lesser market only did things the naive once believed possible. And then Covid-19 hit in 2020 but by August of that year, the AIM was once again making the FTSE look weak and outperforming it on a daily basis. Unfortunately, just over a year ago, it was as if the markets realised they’d messed up a bit with the AIM experiencing a bit of an illogical blip. While visually this behaviour echoed what was happening on the principal market, a seemingly never ending stream of bad behaviour by the AIM has dumped the index into a precarious position.
Currently below 686 on the AIM calculates with the potential of reversal to an initial 572 points, matching the low of the day Covid-19 got real across the world markets. Our secondary, if such a level breaks, works out at a less likely 436, the AIM visually playing chicken with the nasty low experienced during the 2009 market failure. Given the behaviour of the index since 2022, we shall not be surprised to see the AIM bottom at 572, hopefully achieved before the end of this year to promote a reasonable recovery bounce.
For now, the AIM needs exceed 840 points, just to give real hope for the future.
As for our FTSE for FRIDAY, we’re hopeful for some positive near term performance. Apparently, above 7697 works out with the potential of a lift to a miserable 7707 points, not exactly the sort of lift guaranteed to make anyone interested. Things do become quite interesting should 7707 be exceeded as we’re able to present a lift to 7813 as a secondary influence. If triggered, the tightest stop loss works out at 7618 points, awfully wide until one factors in our secondary ambition. We are, obviously, nervous about factoring in such a thing for a single session as the UK market generally isn’t in the game of gifting two 100+ point sessions in a single week.
Should things intend go pear shaped, below 7597 looks troubling as it risks triggering near term reversal down to an initial 7568 points. If broken, our secondary works out at 7529 points along with a strong hint of a rebound.
Our hope is that the FTSE shall experience a day of some gains, just to cheer everyone up prior to the freezing weather being forecast for this weekend.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:03:15PM | BRENT | 8559.3 | 8444 | 8353 | 8659 | 8689 | 8749 | 8582 | |||
| 10:06:49PM | GOLD | 1868.46 | 1868 | 1865 | 1876 | 1887 | 1904 | 1868 | ‘cess | ||
| 10:09:21PM | FTSE | 7634 | 7603 | 7576 | 7648 | 7690 | 7729 | 7634 | ‘cess | ||
| 10:11:30PM | STOX50 | 4181.5 | 4169 | 4146 | 4190 | 4236 | 4246 | 4211 | ‘cess | ||
| 10:14:44PM | GERMANY | 15379.4 | 15344 | 15272 | 15425 | 15578 | 15663 | 15493 | ‘cess | ||
| 10:17:25PM | US500 | 4349.7 | 4324 | 4303 | 4356 | 4400 | 4430 | 4367 | Shambles | ||
| 10:20:20PM | DOW | 33623 | 33448 | 33433 | 33607 | 33982 | 34117 | 33850 | Shambles | ||
| 10:22:48PM | NASDAQ | 15192.3 | 15086 | 15052 | 15206 | 15340 | 15595 | 15233 | Success | ||
| 10:25:11PM | JAPAN | 32270 | 32098 | 32070 | 32238 | 32495 | 32592 | 32335 | ‘cess |
12/10/2023 FTSE Closed at 7644 points. Change of 0.31%. Total value traded through LSE was: £ 4,901,572,931 a change of 12.56%
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%
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:EZJ EasyJet** **LSE:JET Just Eat** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:SPT Spirent Comms** **
********
Updated charts published on : Avacta, EasyJet, Just Eat, Ocado Plc, Oxford Instruments, Rolls Royce, Spirent Comms,
LSE:AVCT Avacta. Close Mid-Price: 159.6 Percentage Change: + 3.64% Day High: 166.5 Day Low: 154.5
All Avacta needs are mid-price trades ABOVE 166.5 to improve acceleration ……..
</p
View Previous Avacta & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 406.3 Percentage Change: -6.98% Day High: 436.9 Day Low: 401.5
Target met. Continued weakness against EZJ taking the price below 401 cal ……..
</p
View Previous EasyJet & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1070 Percentage Change: + 0.28% Day High: 1113 Day Low: 1070
Continued trades against JET with a mid-price ABOVE 1113 should improve t ……..
</p
View Previous Just Eat & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 572.2 Percentage Change: -2.62% Day High: 595.4 Day Low: 569.2
This is looking like it’s in an endgame as below 562 now indicates coming ……..
</p
View Previous Ocado Plc & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 1882 Percentage Change: -7.97% Day High: 2030 Day Low: 1880
Target met. If Oxford Instruments experiences continued weakness below 18 ……..
</p
View Previous Oxford Instruments & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 211.8 Percentage Change: -0.61% Day High: 214.9 Day Low: 210.6
All Rolls Royce needs are mid-price trades ABOVE 220 to improve accelerati ……..
</p
View Previous Rolls Royce & Big Picture ***
LSE:SPT Spirent Comms. Close Mid-Price: 97.25 Percentage Change: + 1.67% Day High: 98.95 Day Low: 94.75
All Spirent Comms needs are mid-price trades ABOVE 98.95 to improve accel ……..
</p
View Previous Spirent Comms & Big Picture ***