#FTSE #GOLD Unexpected disasters always catch people out, yet most of the time, they shouldn’t be unexpected. We’d a complete disaster in the kitchen tonight, my wife opting to mount a new spice rack she’d bought from Temu. I’ve plead with her, repeatedly, to stop using the fitting kits often supplied by Temu and instead, ask me to employ a couple of screws if mounting anything. She judged, by the weight of the spice rack, it would never need screwed to the tiles, mounting it with the supplied double sided tape.
She then filled the rack with her copious spice jars, somehow forgetting she’d just increased the weight quite substantially. The result was visually pleasing but I made a mental note to sneak a couple of screws into the mountings as while all her spice bottles looked great, experience has taught never to trust any adhesive mountings supplied with products bought through Temu. Essentially, if they supply a dinky little shelf which weighs in at 150 grams, the adhesive is designed to take 150 grams and nothing else. For some reason, they ALWAYS forget to factor in humans and their need to put things on shelves…
Inevitably, while trying to figure out an introduction to our FTSE for FRIDAY which didn’t mention the wet snow here in Argyll, there was a spectacular crash from the kitchen. Shortly after she went to bed, her fancy spice rack succumbed to gravity, depositing around 30 jars on the worktop and floor. Only four of the jars smashed, ensuring a cloud of Cayenne pepper, Paprika, and (thankfully) two jars of Chilli powder, something I utterly detest but she feels should be used generously. Working on the correct basis the animals wouldn’t enter the kitchen with its toxic cloud, I gave it 30 minutes before going through to tidy up.
We obviously have a reason behind this, an attempt to point out the unexpected often need not come as a surprise. For instance, currently the German in, the DAX, is bumping against a logical high, one of these areas which will often provoke some market volatility. Our immediate “top” number calculates at 17201 points, the index coming within a few points of such a target this week. Equally, the S&P 500 has a logical top around 5115 points, an ambition the index is very close to and again, we anticipate some stutters. Unless, of course, the market opts to start gapping the S&P upward at the open of trade. Even Wall St, currently around 39070 with a recent high of 39150 calculates with 39500 points expected to provide some sort of ceiling. And the Nasdaq has briefly surpassed a logical high of 18011, achieving 18034 on Thursday but closing the session at 18004.
Adding all these things together, we’ve a gathering expectation favouring some stutters in the market place, making us question whether the FTSE shall prove capable of ignoring what’s going on elsewhere. The UK market calculates with 7871 as target on the current cycle and, at 7684 at time of writing, it’s got some distance to go. We don’t anticipate it covering the distance, if other main markets start to experience some hesitation. This is unfortunate as overall, we should be rejoicing at the long term calculation for the FTSE now working out at 8250, a number we fear shall be as real as the number of death threats claimed by UK politicians as they scrape the bottom of the trough to enforce a political stance.
Near term, below 7650 looks capable of promoting reversal on the FTSE down to an initial paltry 7634 with secondary, if broken, calculating at 7574 points and hopefully yet another bounce. If triggered, the tightest stop looks fairly reasonable at 7690 points.
However, above 7690 has the less likely potential of causing some fireworks as above this level provides an initial hope for 7714 points with our secondary, if exceeded, coming along at 7751. This is a potentially game changing move where our longer term third level calculates at 7871 points.
Have a good weekend and enjoy the Bahrain Grand Prix, hopefully not a completely boring procession of cars.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 8:43:31PM | BRENT | 8263 | 8193 | 8153 | 8272 | 8276 | 8300 | 8224 | ‘cess | ||
| 8:46:20PM | GOLD | 2022.81 | 2020 | 2015 | 2025 | 2036 | 2049 | 2023 | Success | ||
| 8:50:07PM | FTSE | 7694 | 7636 | 7598 | 7670 | 7702 | 7708 | 7676 | ‘cess | ||
| 8:55:34PM | STOX50 | 4866 | 4820 | 4799 | 4850 | 4872 | 4925 | 4743 | ‘cess | ||
| 9:01:40PM | GERMANY | 17427 | 17280 | 17211 | 17370 | 17433 | 17470 | 17022 | Success | ||
| 9:11:44PM | US500 | 5083 | 5034 | 5021 | 5064 | 5095 | 5123 | 5037 | Success | ||
| 9:16:31PM | DOW | 39047 | 38640 | 38468 | 38912 | 39157 | 39338 | 39014 | Success | ||
| 9:20:07PM | NASDAQ | 17969 | 17805 | 17724 | 17873 | 18036 | 18065 | 17898 | Success | ||
| 9:31:36PM | JAPAN | 39424 | 38803 | 38580 | 39285 | 39494 | 39580 | 39397 | Success |
22/02/2024 FTSE Closed at 7684 points. Change of 0.29%. Total value traded through LSE was: £ 5,941,569,029 a change of 3.14%
21/02/2024 FTSE Closed at 7662 points. Change of -0.74%. Total value traded through LSE was: £ 5,760,836,180 a change of 16.25%
20/02/2024 FTSE Closed at 7719 points. Change of -0.12%. Total value traded through LSE was: £ 4,955,387,121 a change of 38.92%
19/02/2024 FTSE Closed at 7728 points. Change of 0.22%. Total value traded through LSE was: £ 3,567,027,566 a change of -46.92%
16/02/2024 FTSE Closed at 7711 points. Change of 1.5%. Total value traded through LSE was: £ 6,719,822,861 a change of 59.53%
15/02/2024 FTSE Closed at 7597 points. Change of 0.38%. Total value traded through LSE was: £ 4,212,176,049 a change of -10.97%
14/02/2024 FTSE Closed at 7568 points. Change of 0.75%. Total value traded through LSE was: £ 4,731,346,457 a change of -6.79% 
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:AVCT Avacta** **LSE:BARC Barclays** **LSE:EXPN Experian** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:IHG Intercontinental Hotels Group** **LSE:ITRK Intertek** **LSE:LLOY Lloyds Grp.** **LSE:QED Quadrise** **LSE:RR. Rolls Royce** **
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Updated charts published on : Aviva, Avacta, Barclays, Experian, Gulf Keystone, Hikma, Hargreaves Lansdown, Intercontinental Hotels Group, Intertek, Lloyds Grp., Quadrise, Rolls Royce,
LSE:AV. Aviva. Close Mid-Price: 450.1 Percentage Change: + 1.01% Day High: 453.2 Day Low: 446.8
Target met. In the event of Aviva enjoying further trades beyond 453.2, t ……..
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View Previous Aviva & Big Picture ***
LSE:AVCT Avacta Close Mid-Price: 77 Percentage Change: -12.00% Day High: 88 Day Low: 77
Target met. In the event Avacta experiences weakness below 77 it calculat ……..
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View Previous Avacta & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 163.68 Percentage Change: + 0.57% Day High: 164.32 Day Low: 159.1
All Barclays needs are mid-price trades ABOVE 164.32 to improve accelerat ……..
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View Previous Barclays & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 3436 Percentage Change: + 1.72% Day High: 3443 Day Low: 3372
In the event of Experian enjoying further trades beyond 3443, the share s ……..
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View Previous Experian & Big Picture ***
LSE:GKP Gulf Keystone Close Mid-Price: 94.45 Percentage Change: -0.37% Day High: 95.95 Day Low: 92.15
If Gulf Keystone experiences continued weakness below 92.15, it will inva ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 2083 Percentage Change: + 4.28% Day High: 2165 Day Low: 2030
Target met. Further movement against Hikma ABOVE 2165 should improve acce ……..
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View Previous Hikma & Big Picture ***
LSE:HL. Hargreaves Lansdown Close Mid-Price: 747.2 Percentage Change: -7.23% Day High: 821.6 Day Low: 728
Weakness on Hargreaves Lansdown below 728 will invariably lead to 704p wi ……..
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View Previous Hargreaves Lansdown & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 8600 Percentage Change: + 0.82% Day High: 8668 Day Low: 8516
Target met. All Intercontinental Hotels Group needs are mid-price trades ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 4639 Percentage Change: + 3.60% Day High: 4652 Day Low: 4521
Target met. Continued trades against ITRK with a mid-price ABOVE 4652 sho ……..
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View Previous Intertek & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 45.95 Percentage Change: + 6.16% Day High: 46.18 Day Low: 42.37
Target met. Further movement against Lloyds Grp. ABOVE 46.18 should impro ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:QED Quadrise. Close Mid-Price: 2.1 Percentage Change: + 0.72% Day High: 2.05 Day Low: 2
Weakness on Quadrise below 2 will invariably lead to 1.9p with secondary ……..
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View Previous Quadrise & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 356.8 Percentage Change: + 8.29% Day High: 369 Day Low: 347.4
Target met. Further movement against Rolls Royce ABOVE 369 should improve ……..
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View Previous Rolls Royce & Big Picture ***