#FTSE #Gold The first month of 2024 has seen the FTSE move with astounding timidity, our garden shed proving more agile this week alone! This shed had withstood the worst Argyll could throw at it for 15 years, protected by an old Beech tree which stood over it and presumably limited the effects of regular 60mph+ winds. However, the most recent storm with 80mph gusts, fed the sheds ego, allowing an attempt to follow Ryanair into the skies.
Its first and only flight measured just 30 feet, progress arrested by a fairly tall fence and hedge. Unfortunately, the contents of the shed proved to be blessed with greater ambition. Similar to many folk, our Xmas decorations are stored in big plastic boxes, not one of which managed to retain its lid, every yellow snap down handle breaking. Now, the trees at the top of the garden enjoy impromptu decorations of tinsel, an unholy number of Santa Claus figures, and some quite vulgar bright red boxes, a display of fake gifts which graced the bottom of the Xmas tree and once lit up. Similar to software designers, there are things which shouldn’t really be seen in the light of day, our Xmas decor part of such a category.
On the bright side, we also uncovered a Singer treadle sewing machine, something we’d completely forgotten about. Unfortunately, the insurance company ask everything remain in place until they can despatch an assessor, something we know isn’t going to happen once someone looks at a map. But playing safe is the order of the day, working on the basis they’ll find any excuse to refuse or delay a claim. And just in case, they’ve been sent plenty of photographs and videos, while we try and figure out the cost of the damage. It’s easy to say “Never a dull moment in Argyll”, especially as this year has seen (another) failed dishwasher, a failed boiler, and a failed shed. And we both enjoyed a week off, due to Covid-19!
This has all got quite a lot to do with the FTSE as we suspect it also intends some failure. When the index recently tumbled down to the 7400 level before exhibiting a weak bounce, we suspect we only witnessed a half hearted attempt at scaring the market. The bounce from the 7400 level has proven less than convincing, allowing us to create a scenario where weakness next below 7470 points is expected to trigger reversals to an initial 7434 points with secondary, if broken, at 7323, along with a potential rebound.
Thankfully, the index doesn’t need do a huge amount to give an initial suggestion some recovery may be upon us. Above 7545 points works out with the potential of a lift to 7576 points. Our secondary, if such a level is bettered, is significant, calculating at 7738 points and a challenge again the immediate Blue downtrend.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:10:04PM | BRENT | 8181 | 7970 | 7930 | 8033 | 8206 | 8351 | 7843 | Success | ||
| 10:12:22PM | GOLD | 2020.58 | 2017 | 2015 | 2025 | 2024 | 2031 | 2015 | |||
| 10:14:53PM | FTSE | 7547.1 | 7507 | 7501 | 7531 | 7564 | 7615 | 7522 | ‘cess | ||
| 10:34:50PM | STOX50 | 4591.3 | 4570 | 4560 | 4587 | 4602 | 4606 | 4588 | Shambles | ||
| 10:37:08PM | GERMANY | 16891 | 16858 | 16850 | 16887 | 16922 | 16950 | 16880 | |||
| 10:41:04PM | US500 | 4890.6 | 4861 | 4855 | 4877 | 4904 | 4915 | 4884 | |||
| 10:43:51PM | DOW | 37992 | 37757 | 37698 | 37920 | 38063 | 38102 | 37934 | |||
| 10:46:48PM | NASDAQ | 17460 | 17425 | 17391 | 17515 | 17630 | 17698 | 17520 | |||
| 10:49:18PM | JAPAN | 36027 | 36001 | 35904 | 36159 | 36314 | 36453 | 36100 |
25/01/2024 FTSE Closed at 7529 points. Change of 0.03%. Total value traded through LSE was: £ 4,141,889,174 a change of -12.43%
24/01/2024 FTSE Closed at 7527 points. Change of 0.55%. Total value traded through LSE was: £ 4,729,886,078 a change of -8.08%
23/01/2024 FTSE Closed at 7486 points. Change of -0.01%. Total value traded through LSE was: £ 5,145,475,949 a change of 1.4%
22/01/2024 FTSE Closed at 7487 points. Change of 0.35%. Total value traded through LSE was: £ 5,074,323,347 a change of -15.67%
19/01/2024 FTSE Closed at 7461 points. Change of 0.03%. Total value traded through LSE was: £ 6,017,076,844 a change of 5.37%
18/01/2024 FTSE Closed at 7459 points. Change of 0.17%. Total value traded through LSE was: £ 5,710,434,313 a change of 4.63%
17/01/2024 FTSE Closed at 7446 points. Change of -1.48%. Total value traded through LSE was: £ 5,457,663,350 a change of -3.81% 
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:BLVN Bowleven** **LSE:EZJ EasyJet** **LSE:IDS International Distribution** **LSE:IPF International Personal Finance** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:LLOY Lloyds Grp.** **LSE:SDY Speedyhire** **LSE:SRP Serco** **
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Updated charts published on : Bowleven, EasyJet, International Distribution, International Personal Finance, Intertek, Lloyds Grp., Speedyhire, Serco,
LSE:BLVN Bowleven Close Mid-Price: 0.5 Percentage Change: -13.04% Day High: 0.57 Day Low: 0.4
Target met. In the event Bowleven experiences weakness below 0.4 it calcu ……..
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View Previous Bowleven & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 536.2 Percentage Change: + 3.08% Day High: 541.8 Day Low: 519.8
In the event of EasyJet enjoying further trades beyond 541.8, the share s ……..
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View Previous EasyJet & Big Picture ***
LSE:IDS International Distribution. Close Mid-Price: 286.6 Percentage Change: + 4.14% Day High: 290.4 Day Low: 279
All International Distribution needs are mid-price trades ABOVE 290.4 to ……..
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View Previous International Distribution & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 119.5 Percentage Change: + 0.42% Day High: 121 Day Low: 119
Further movement against International Personal Finance ABOVE 121 should ……..
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View Previous International Personal Finance & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 46.61 Percentage Change: -4.27% Day High: 50 Day Low: 46.25
Weakness on ITM Power below 43.20P will invariably lead to 36p with secon ……..
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View Previous ITM Power & Big Picture ***
LSE:ITRK Intertek Close Mid-Price: 4384 Percentage Change: -0.14% Day High: 4405 Day Low: 4365
All Intertek needs are mid-price trades ABOVE 4405 to improve acceleratio ……..
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View Previous Intertek & Big Picture ***
LSE:LLOY Lloyds Grp. Close Mid-Price: 41.52 Percentage Change: -1.49% Day High: 41.99 Day Low: 41.26
Target met. In the event Lloyds Grp. experiences weakness below 41.26 it ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:SDY Speedyhire. Close Mid-Price: 35.55 Percentage Change: + 0.99% Day High: 36 Day Low: 35
Further movement against Speedyhire ABOVE 36p should improve acceleration ……..
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View Previous Speedyhire & Big Picture ***
LSE:SRP Serco. Close Mid-Price: 175 Percentage Change: + 0.98% Day High: 182.2 Day Low: 172.3
Target met. All Serco needs are mid-price trades ABOVE 182.2 to improve a ……..
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View Previous Serco & Big Picture ***