#FreeFutures #FTSE Most folk get to a point in their lives, when it becomes almost impossible to buy them a present. From a personal perspective, it appears this mile stone has now been achieved, thanks to my wife choosing to celebrate a particular date by presenting me with a 3d printer she’s sourced from the discount Chinese website, Temu.
She claims to have read many online reviews about the product and, from an engineering perspective, it certainly feels well made. Unfortunately, as sometimes happens with products sourced overseas, the instruction booklet, while being in English, left something to be desired. The first thing needed with this 3d printer was “assembly”, a task which commenced around 11am and still was incomplete by 5pm, making me long for the simplicity of an Ikea instruction sheet on how to build a house. The first major hurdle was the surprise discovery a 3d printer print head really doesn’t move in any direction other than vertical. The penny eventually dropped, it being the printer base which moved in North South East West fashion, and abruptly the assembly manual started to make some sense. With surprising rapidity, things started to come together and even the tiny little electrical connectors all seemed to match up perfectly.
It didn’t work, nothing turned on.
Returning to the instruction manual which, by the way, was written in what must be a new definition of small print and suggested paper must be in short supply in China, a magnifying glass helped some blurred red ink become slightly legible, a warning to ensure all electrical connections where firmly attached. It made sense to dismantle everything, assemble it again, and one again give the power switch a chance to prove itself.
It still didn’t work, nothing turned on.
There was another blur in the text which said “Please format the SD card and try again, if not working“. I hadn’t noticed a memory card among the components but on investigation, discovered one was emplaced in a slot beside the machines screen. It ejected easily and when checking the contents before formatting, the shock discovery of an “Easy Assembly Video”, along with a PDF manual in English made me appreciate I’d just wasted 6 hours. Why, oh why, didn’t the manufacturer make any reference to this 10 minute video and completely legible instruction manual. My wife spent Thursday evening, maliciously breaking into giggles at my belated discovery of the real instructions.
The machine is now sitting on the printer table, awaiting this weekend when I shall take another look at it, potentially attempting to print my first thing. As my chess-set has been missing the black king for a while, it’s entirely possible a Lego figure of Batman is going to discover what the inside of a bin looks like!
This tantrum about a 3d printer is to conceal a similar level of frustration inflicted by the FTSE. Thursday had certainly appeared to have the potential for a day of reversals and as always, when market direction is downward, the FTSE successfully overachieved, finishing the day -1.01% down while the US and Europe was pretty flat. From a UK perspective, it proved a horrible day, one which left the FTSE poised to deliver further falls in the day ahead.
Currently, below 7409 points looks set to deliver reversals down to 7389 points. Our secondary target calculates down at 7357 points. If triggered, the tightest stop loss level looks quite civilised at 7434 points. As always, beware any spike downward at the market open, especially one which attains one of our target levels, as the market is liable to toddle off in an entirely different direction.
Our converse scenario demands the market exceed 7456 points to enjoy the potential of a lift to 7496 points. If exceeded, our longer term secondary works out at 7516 points.
Have a good weekend and hopefully the Grand Prix from Las Vegas proves easier to stomach than the overpriced food.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:45:42PM | BRENT | 77.5 | 76.34 | 75.96 | 78.54 | 79.02 | 80.055 | 77.74 | Success | ||
| 9:49:33PM | GOLD | 1980.74 | 1956 | 1952 | 1975 | 1988 | 1995 | 1972 | Success | ||
| 9:52:48PM | FTSE | 7432 | 7403 | 7385 | 7434 | 7484 | 7508 | 7453 | |||
| 10:06:12PM | STOX50 | 4319.3 | 4300 | 4296 | 4312 | 4324 | 4331 | 4306 | |||
| 10:09:16PM | GERMANY | 15836.5 | 15713 | 15663 | 15774 | 15870 | 15909 | 15710 | ‘cess | ||
| 10:12:28PM | US500 | 4514.1 | 4472 | 4466 | 4506 | 4525 | 4570 | 4483 | |||
| 10:16:06PM | DOW | 34983.8 | 34768 | 34665 | 34907 | 35024 | 35064 | 34809 | ‘cess | ||
| 10:18:43PM | NASDAQ | 15834.5 | 15734 | 15664 | 15848 | 15852 | 15894 | 15772 | |||
| 10:22:08PM | JAPAN | 33411 | 33210 | 33074 | 33382 | 33630 | 33658 | 33347 | ‘cess |
16/11/2023 FTSE Closed at 7410 points. Change of -1.02%. Total value traded through LSE was: £ 5,338,555,524 a change of -8.11%
15/11/2023 FTSE Closed at 7486 points. Change of 0.62%. Total value traded through LSE was: £ 5,809,987,386 a change of 5.78%
14/11/2023 FTSE Closed at 7440 points. Change of 0.2%. Total value traded through LSE was: £ 5,492,695,208 a change of 7.64%
13/11/2023 FTSE Closed at 7425 points. Change of 0.88%. Total value traded through LSE was: £ 5,102,955,229 a change of 1.94%
10/11/2023 FTSE Closed at 7360 points. Change of -1.27%. Total value traded through LSE was: £ 5,005,893,152 a change of 2.35%
9/11/2023 FTSE Closed at 7455 points. Change of 0.73%. Total value traded through LSE was: £ 4,890,859,412 a change of -30.52%
8/11/2023 FTSE Closed at 7401 points. Change of -0.12%. Total value traded through LSE was: £ 7,039,129,505 a change of 60.87%
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:CCL Carnival** **LSE:FGP Firstgroup** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:MKS Marks and Spencer** **LSE:RR. Rolls Royce** **
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Updated charts published on : Carnival, Firstgroup, British Airways, ITM Power, Marks and Spencer, Rolls Royce,
LSE:CCL Carnival. Close Mid-Price: 1037 Percentage Change: + 0.10% Day High: 1048.5 Day Low: 1026
Further movement against Carnival ABOVE 1048.5 should improve acceleratio ……..
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View Previous Carnival & Big Picture ***
LSE:FGP Firstgroup Close Mid-Price: 176.2 Percentage Change: -0.06% Day High: 179.4 Day Low: 175
Target met. Further movement against Firstgroup ABOVE 179.4 should improv ……..
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View Previous Firstgroup & Big Picture ***
LSE:IAG British Airways Close Mid-Price: 159.5 Percentage Change: -0.96% Day High: 162.05 Day Low: 159.15
Further movement against British Airways ABOVE 162.05 should improve acc ……..
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View Previous British Airways & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 55.62 Percentage Change: -6.71% Day High: 60.98 Day Low: 55.22
If ITM Power experiences continued weakness below 55.22, it will invariab ……..
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View Previous ITM Power & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 255.2 Percentage Change: + 0.04% Day High: 260.3 Day Low: 254.7
Target met. Further movement against Marks and Spencer ABOVE 260.3 should ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 244.5 Percentage Change: + 0.37% Day High: 246.5 Day Low: 242.9
Target met. All Rolls Royce needs are mid-price trades ABOVE 246.5 to imp ……..
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View Previous Rolls Royce & Big Picture ***