#FTSE #Gold With the first US jobs report just a few hours away, hopefully nothing terribly tragic is announced which shall hurt the FTSE. Despite the UK market ending 2023 with the index up just 3.8% for the entire year, we’ve reason for slight optimism for the year ahead. Certainly 2023 proved an extremely difficult year to cope with, share prices across the board moving in meaningless fashion and it become irritating, seeing trigger levels achieved, then reversed by prices finding themselves forced downward due to the most flimsy of excuses.
For the FTSE, the index needs close a session below 7578 to utterly foul up our calculations which currently lean toward optimism.
From a near term perspective, above just 7732 points calculates with the potential of a lift to an initial 7765 points. Should such a level be exceeded, things start to become very interesting at 7838 points. This secondary ambition is a big deal, exceeding what looks like a well crafted glass ceiling at the 7800 level. In the event the share price indeed stumbles above such a point, a future all time high at 8076 is now very possible but, to be honest, we shall need to firm up such a target.
If things intend go wrong, an early signal may well prove to be weakness below 7650 as this risks triggering reversal to 7615 points initially. If broken, our secondary works out at 7568 points, taking the index into a region where a future 7439 becomes visually believable.
But for now, the index has remained trading above Blue on the chart and while there’s a bit of a threat toward the 7615 level, it currently appears unlikely the FTSE can be expected to immolate itself.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 9:29:11PM | BRENT | 7759.9 | 7731 | 7679 | 7791 | 7808 | 7843 | 7744 | ||
| 9:32:36PM | GOLD | 2043.05 | 2039 | 2035 | 2049 | 2051 | 2054 | 2045 | ||
| 9:35:41PM | FTSE | 7703.1 | 7676 | 7668 | 7707 | 7731 | 7765 | 7700 | ||
| 9:38:08PM | STOX50 | 4456.2 | 4432 | 4427 | 4472 | 4482 | 4498 | 4462 | ||
| 9:41:16PM | GERMANY | 16574 | 16478 | 16436 | 16575 | 16686 | 16716 | 16563 | ||
| 9:43:46PM | US500 | 4691.3 | 4689 | 4681 | 4706 | 4726 | 4739 | 4703 | ||
| 9:58:19PM | DOW | 37485.9 | 37440 | 37352 | 37539 | 37576 | 37635 | 37505 | ||
| 10:00:38PM | NASDAQ | 16285 | 16276 | 16220 | 16354 | 16422 | 16471 | 16339 | ||
| 10:03:19PM | JAPAN | 33367 | 33044 | 32834 | 33177 | 33531 | 33657 | 33421 |
4/01/2024 FTSE Closed at 7723 points. Change of 0.53%. Total value traded through LSE was: £ 4,502,996,889 a change of -2.05%
3/01/2024 FTSE Closed at 7682 points. Change of -0.52%. Total value traded through LSE was: £ 4,597,057,566 a change of 72.6%
28/12/2023 FTSE Closed at 7722 points. Change of -100%. Total value traded through LSE was: £ 2,663,363,582 a change of 0%
27/12/2023 FTSE Closed at 7724 points. Change of 0%. Total value traded through LSE was: £ 3,580,231,157 a change of 0%
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:AZN Astrazeneca** **LSE:HIK Hikma** **LSE:MKS Marks and Spencer** **LSE:MMAG Music Magpie** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **
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Updated charts published on : Astrazeneca, Hikma, Marks and Spencer, Music Magpie, Sainsbury, Tesco,
LSE:AZN Astrazeneca. Close Mid-Price: 10864 Percentage Change: + 1.15% Day High: 10902 Day Low: 10746
In the event of Astrazeneca enjoying further trades beyond 10902, the sha ……..
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View Previous Astrazeneca & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 1850.5 Percentage Change: + 2.01% Day High: 1859.5 Day Low: 1810
Target met. Continued trades against HIK with a mid-price ABOVE 1859.5 sh ……..
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View Previous Hikma & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 284 Percentage Change: + 0.53% Day High: 286 Day Low: 278.4
Target met. All Marks and Spencer needs are mid-price trades ABOVE 286 to ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:MMAG Music Magpie Close Mid-Price: 10.25 Percentage Change: -4.65% Day High: 10.75 Day Low: 10.25
Target met. If Music Magpie experiences continued weakness below 10.25, i ……..
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View Previous Music Magpie & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 308.2 Percentage Change: + 1.62% Day High: 308 Day Low: 302.6
Target met. All Sainsbury needs are mid-price trades ABOVE 308 to improve ……..
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View Previous Sainsbury & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 302.4 Percentage Change: + 1.54% Day High: 302.8 Day Low: 296.8
All Tesco needs are mid-price trades ABOVE 302.8 to improve acceleration ……..
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View Previous Tesco & Big Picture ***