#FTSE #SP500 As we’re definitely at that time of the year, when the “they’ll never be as cheap again” crowd come out from under a rock. In behaviour, it’s similar to Michael Bublé emerging to try and sell whatever Christmas dirge he once again has on offer to augment his pension, vanishing and not heard of for another year. In common with Bublé, those folk launching their exciting predictions always fail to apologise for their last efforts. What prompts this was reading an optimistic article about Vodafone, one we wrote nearly two years ago!
While we’ve actually nothing to apologise for, the tone of the article implied optimism could be assigned, if only the share price closed above 140p, our secondary target level. The share price reached our target, closing at 139.88p and magnanimously failed to close higher and trigger longer term gains, thus ensuring we didn’t have egg on our face.
Things are not looking great for Vodafone, something of a surprise for a share which has apparently been paying a healthy dividend. Quite the opposite of optimism is suggested, due to the threat of weakness below just 64.4p risking triggering a tumble down to an initial 49p with our secondary, if broken, down at an eventual 31p.
The share price needs a miracle above 103p to hopefully ring in changes, calculating with the potential of a lift to 127p with our longer term secondary, if exceeded, now working out at 147p. Alas, for now we’re about as happy as possible to be, when a Michael Bublé tune comes on the car radio. Why don’t Radio2 do the world a favour and simply pretend he doesn’t exist? It’s surely a great pity Slade never produced a Xmas hit…
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:13:59PM | BRENT | 7937 | |||||||||
| 10:15:57PM | GOLD | 2040.01 | ‘cess | ||||||||
| 10:17:58PM | FTSE | 7648 | 7603 | 7586 | 7561 | 7640 | 7660 | 7671 | 7712 | 7626 | |
| 10:21:03PM | STOX50 | 4539.3 | ‘cess | ||||||||
| 10:24:10PM | GERMANY | 16760.7 | |||||||||
| 10:28:21PM | US500 | 4765 | 4736 | 4729 | 4716 | 4750 | 4768 | 4821 | 4924 | 4694 | Success |
| 10:30:54PM | DOW | 37541 | ‘cess | ||||||||
| 10:34:41PM | NASDAQ | 16813.9 | ‘cess | ||||||||
| 10:38:41PM | JAPAN | 33437 |
19/12/2023 FTSE Closed at 7638 points. Change of 0.32%. Total value traded through LSE was: £ 7,242,394,350 a change of 68.88%
18/12/2023 FTSE Closed at 7614 points. Change of 0.5%. Total value traded through LSE was: £ 4,288,360,200 a change of -64.11%
15/12/2023 FTSE Closed at 7576 points. Change of -0.94%. Total value traded through LSE was: £ 11,949,408,359 a change of 47.73%
14/12/2023 FTSE Closed at 7648 points. Change of 1.32%. Total value traded through LSE was: £ 8,088,595,771 a change of 41.45%
13/12/2023 FTSE Closed at 7548 points. Change of 0.08%. Total value traded through LSE was: £ 5,718,449,628 a change of 4.86%
12/12/2023 FTSE Closed at 7542 points. Change of -0.03%. Total value traded through LSE was: £ 5,453,180,069 a change of 16.03%
11/12/2023 FTSE Closed at 7544 points. Change of -0.13%. Total value traded through LSE was: £ 4,699,736,729 a change of -1.07%
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:ASC Asos** **LSE:EZJ EasyJet** **LSE:IHG Intercontinental Hotels Group** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:RKH Rockhopper** **LSE:SPX Spirax** **
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Updated charts published on : Asos, EasyJet, Intercontinental Hotels Group, Ocado Plc, Oxford Instruments, Rockhopper, Spirax,
LSE:ASC Asos. Close Mid-Price: 425 Percentage Change: + 2.41% Day High: 445 Day Low: 403
Target met. Further movement against Asos ABOVE 445 should improve accele ……..
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View Previous Asos & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 502.2 Percentage Change: + 0.78% Day High: 507.6 Day Low: 494
In the event of EasyJet enjoying further trades beyond 507.6, the share s ……..
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View Previous EasyJet & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 7096 Percentage Change: + 0.34% Day High: 7148 Day Low: 7088
Continued trades against IHG with a mid-price ABOVE 7148 should improve t ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 766.8 Percentage Change: + 5.33% Day High: 763.2 Day Low: 729.2
Target met. All Ocado Plc needs are mid-price trades ABOVE 763.2 to impro ……..
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View Previous Ocado Plc & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 2300 Percentage Change: -0.22% Day High: 2340 Day Low: 2245
In the event of Oxford Instruments enjoying further trades beyond 2340, t ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 10.53 Percentage Change: + 2.18% Day High: 10.95 Day Low: 10
Continued weakness against RKH taking the price below 10 calculates as le ……..
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View Previous Rockhopper & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 10340 Percentage Change: + 2.27% Day High: 10370 Day Low: 10130
Continued trades against SPX with a mid-price ABOVE 10370 should improve ……..
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View Previous Spirax & Big Picture ***