#FTSE_Futures #Brent Obviously, turkeys are to blame for our grumble this week. With the US enjoying a holiday no-one really understands, apparently commemorating a feast shared by the English Pilgrim colonists and the native American people. What’s strange about this atmosphere of goodwill was to come later with their constitution and the right to bear arms, as guns were deemed essential to shoot the native American people, escaping slaves, and to defend themselves against people with guns, possibly even the English if they ever came back!
It’s an odd occasion, one which is capable of ruining the markets in the run up, as very little realistic tends happen.
This year, no-where has this been more true than the FTSE, the UK index spending the last 5 sessions pivoting marginally above 7488 points. With the UK closing Thursday at 7484, perhaps it was with the assumption “things” shall burst into life, once Americans stop eating. Alas, this is rarely true as the day of ‘Sales’ on Black Friday has also become an unofficial holiday, giving little expectation of the UK market suddenly springing into life.
It is certainly now the case where the market potentials are becoming quite interesting as the FTSE now needs exceed just 7499 points to hopefully trigger index recovery to an initial 7566 points with our secondary, if exceeded, calculating at an amazing 7700 points. If triggered, the tightest stop loss level looks like 7449 points.
Our alternate scenario, if things are to remain “parked” until Monday allows weakness below 7444 to drive reversal down to an initial 7378 points with secondary, if broken, at 7274 points. We’re obviously being a little cynical, due to the usual effect of Black Friday, but perhaps this year shall discover some good news capable of putting a positive spin on the markets.
Have a good weekend with the last Grand Prix of the year, hopefully more entertaining than the effort from Las Vegas…
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:11:15PM | BRENT | 8106.7 | 8010 | 7972 | 8097 | 8143 | 8183 | 8083 | |||
| 10:15:51PM | GOLD | 1992.47 | 1990 | 1987 | 1999 | 1999 | 2005 | 1990 | |||
| 10:19:15PM | FTSE | 7480.3 | 7478 | 7473 | 7489 | 7496 | 7506 | 7478 | |||
| 10:22:48PM | STOX50 | 4361.3 | 4348 | 4342 | 4358 | 4366 | 4370 | 4348 | ‘cess | ||
| 10:25:53PM | GERMANY | 15991.9 | 15945 | 15930 | 15972 | 16005 | 16020 | 15980 | |||
| 10:29:02PM | US500 | 4559.5 | 4551 | 4542 | 4560 | 4563 | 4571 | 4551 | |||
| 10:32:21PM | DOW | 35316.5 | 35240 | 35194 | 15314 | 35358 | 35529 | 35178 | |||
| 10:35:03PM | NASDAQ | 16017.8 | 15999 | 15985 | 16033 | 16054 | 16107 | 16003 | |||
| 10:38:34PM | JAPAN | 33726 | 33422 | 33378 | 33607 | 33770 | 33820 | 33670 |
23/11/2023 FTSE Closed at 7483 points. Change of 0.19%. Total value traded through LSE was: £ 3,933,508,293 a change of -12.7%
22/11/2023 FTSE Closed at 7469 points. Change of -0.17%. Total value traded through LSE was: £ 4,505,503,688 a change of 12.22%
21/11/2023 FTSE Closed at 7482 points. Change of -0.19%. Total value traded through LSE was: £ 4,015,011,285 a change of -11.06%
20/11/2023 FTSE Closed at 7496 points. Change of -0.11%. Total value traded through LSE was: £ 4,514,299,465 a change of -13.95%
17/11/2023 FTSE Closed at 7504 points. Change of 1.27%. Total value traded through LSE was: £ 5,245,946,356 a change of -1.73%
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%
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:AV. Aviva** **LSE:FOXT Foxtons** **LSE:HIK Hikma** **LSE:PMG Parkmead** **LSE:RKH Rockhopper** **
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Updated charts published on : Aviva, Foxtons, Hikma, Parkmead, Rockhopper,
LSE:AV. Aviva. Close Mid-Price: 421.2 Percentage Change: + 0.38% Day High: 422 Day Low: 417.4
Now above just 426p should be interesting, hopefully triggering recovery t ……..
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View Previous Aviva & Big Picture ***
LSE:FOXT Foxtons. Close Mid-Price: 44.5 Percentage Change: + 1.95% Day High: 45.45 Day Low: 43
In the event of Foxtons enjoying further trades beyond 45.45, the share s ……..
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View Previous Foxtons & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1753 Percentage Change: -0.17% Day High: 1765.5 Day Low: 1747
This is looking a bit dodgy as below 1722 risks provoking reversal to an i ……..
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View Previous Hikma & Big Picture ***
LSE:PMG Parkmead. Close Mid-Price: 15 Percentage Change: + 0.00% Day High: 15 Day Low: 15
Now above 18.5 looks like it is needed to provoke recovery to an initial 2 ……..
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View Previous Parkmead & Big Picture ***
LSE:RKH Rockhopper Close Mid-Price: 10.82 Percentage Change: -1.59% Day High: 10.85 Day Low: 10.55
In the event Rockhopper experiences weakness below 10.55 it calculates wi ……..
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View Previous Rockhopper & Big Picture ***