In the history of the world, absolutely zero drowning men have stopped drowning, because someone ‘might’ throw them a lifebelt. Equally, none have stopped burning to death, because someone ‘might’ have called the fire brigade. We are supposed to be happy, because the UK “might” reduce interest rates at some point… Surely the fact they are willing to make such a statement should indicate they are aware the BoE has made an error and should correct it immediately, rather than create hope which will be proved false repeatedly as the institution fails to make good on “might” with repeated excuses.
Sorry if it all sounds quite jaded but the massive inflation decrease is nothing to do with interest rates but instead, reflecting the level of price gouging being wound back as companies react to reduced sales. Even Switzerland, like the UK not a member of the EU, opted to reduce their interest rates, winding things back to 1.5% as the base rate.
As could be expected, the FTSE performed like a trained seal, jumping 1.8% in its largest single day movement since September last year, all because something “might” happen in the future! It has created a scenario, where the London market is finally appearing to perform with some positive potentials.
Movement on the market next above 7902 points calculates with the near term potential of a lift to 7932 points with our secondary, if this initial ambition is exceeded, working out at 7980 points. Additionally, in this instance we can provide a 3rd level target at 8023 points, effectively matching the highs of 2023 and presenting an index level where some hesitation feels possible. If this scenario triggers, the tightest stop appears reasonable at 7862 but visually, we far prefer giving a wider 7833 as the stop loss level.
If everything intends go wrong, below 7833 calculates with the chance of reversals to 7794 points with our secondary, if broken, at a probable bottom of 7712 points and hopefully a bounce, effectively undoing all the gains from Thursday and indicating the markets looked up the meaning of the word “might”…
Have a good weekend. Hopefully the Australian Grand Prix proves worth watching.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:21:21PM | BRENT | 8498 | 8456 | 8410 | 8307 | 8534 | 8552 | 8562 | 8597 | 8493 | |
| 9:24:01PM | GOLD | 2180.78 | 2166 | 2161 | 2140 | 2184 | 2187 | 2191 | 2194 | 2179 | Success |
| 9:26:48PM | FTSE | 7883.8 | 7771 | 7742 | 7689 | 7842 | 7903 | 7937 | 8115 | 7801 | Success |
| 9:29:15PM | STOX50 | 5042.7 | 5021 | 5002 | 4981 | 5046 | 5065 | 5278 | 5569 | 4972 | ‘cess |
| 9:31:21PM | GERMANY | 18161.9 | 18054 | 17993 | 17921 | 18104 | 18209 | 18222 | 18278 | 18159 | ‘cess |
| 9:34:59PM | US500 | 5246 | 5238 | 5228 | 5217 | 5252 | 5261 | 5281 | 5462 | 5237 | ‘cess |
| 9:55:09PM | DOW | 39835 | 39585 | 39465 | 39321 | 39695 | 39897 | 39927 | 39981 | 39782 | Success |
| 9:58:39PM | NASDAQ | 18337 | 18314 | 18246 | 18173 | 18384 | 18467 | 18518 | 18586 | 18377 | ‘cess |
| 10:03:02PM | JAPAN | 41006 | 40459 | 40296 | 40013 | 40777 | 41145 | 41225 | 41646 | 41001 | ‘cess |
21/03/2024 FTSE Closed at 7882 points. Change of 1.87%. Total value traded through LSE was: £ 7,034,399,784 a change of 32.89%
20/03/2024 FTSE Closed at 7737 points. Change of -0.01%. Total value traded through LSE was: £ 5,293,450,897 a change of -24.59%
19/03/2024 FTSE Closed at 7738 points. Change of 0.21%. Total value traded through LSE was: £ 7,019,485,626 a change of 32.39%
18/03/2024 FTSE Closed at 7722 points. Change of -0.06%. Total value traded through LSE was: £ 5,302,291,747 a change of -63.39%
15/03/2024 FTSE Closed at 7727 points. Change of -0.21%. Total value traded through LSE was: £ 14,485,048,081 a change of 162.41%
14/03/2024 FTSE Closed at 7743 points. Change of -0.37%. Total value traded through LSE was: £ 5,520,093,152 a change of -24.07%
13/03/2024 FTSE Closed at 7772 points. Change of 0.32%. Total value traded through LSE was: £ 7,270,420,862 a change of 0.35% 
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:BARC Barclays** **LSE:BP. BP PLC** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:CPI Capita** **LSE:EXPN Experian** **LSE:FGP Firstgroup** **LSE:IAG British Airways** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPT Spirent Comms** **LSE:TSCO Tesco** **
********
Updated charts published on : Aviva, Barclays, BP PLC, Carnival, Centamin, Capita, Experian, Firstgroup, British Airways, Scottish Mortgage Investment Trust, Spirent Comms, Tesco,
LSE:AV. Aviva. Close Mid-Price: 489.7 Percentage Change: + 1.70% Day High: 493.2 Day Low: 483.4
Target met. All Aviva needs are mid-price trades ABOVE 493.2 to improve a ……..
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View Previous Aviva & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 181.84 Percentage Change: + 3.47% Day High: 183.62 Day Low: 178.8
Continued trades against BARC with a mid-price ABOVE 183.62 should improv ……..
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View Previous Barclays & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 496.65 Percentage Change: + 0.61% Day High: 499.5 Day Low: 494.95
Continued trades against BP. with a mid-price ABOVE 499.5 should improve ……..
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View Previous BP PLC & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 1204.5 Percentage Change: + 2.51% Day High: 1226.5 Day Low: 1189.5
Target met. Continued trades against CCL with a mid-price ABOVE 1226.5 sh ……..
</p
View Previous Carnival & Big Picture ***
LSE:CEY Centamin. Close Mid-Price: 110 Percentage Change: + 3.77% Day High: 112.3 Day Low: 106.8
Target met. All Centamin needs are mid-price trades ABOVE 112.3 to improv ……..
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View Previous Centamin & Big Picture ***
LSE:CPI Capita. Close Mid-Price: 13.63 Percentage Change: + 3.65% Day High: 13.63 Day Low: 12.82
Weakness on Capita below 12.82 will invariably lead to 12.4p with seconda ……..
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View Previous Capita & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 3468 Percentage Change: + 2.88% Day High: 3476 Day Low: 3392
Continued trades against EXPN with a mid-price ABOVE 3476 should improve ……..
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View Previous Experian & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 182.8 Percentage Change: + 0.61% Day High: 189 Day Low: 183.6
Target met. Continued trades against FGP with a mid-price ABOVE 189 shoul ……..
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View Previous Firstgroup & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 166.7 Percentage Change: + 2.90% Day High: 167.15 Day Low: 164.05
Continued trades against IAG with a mid-price ABOVE 167.15 should improve ……..
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View Previous British Airways & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 865 Percentage Change: + 2.59% Day High: 877.6 Day Low: 849.6
Target met. All Scottish Mortgage Investment Trust needs are mid-price tr ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:SPT Spirent Comms Close Mid-Price: 176.3 Percentage Change: -0.11% Day High: 184.7 Day Low: 176.2
Continued trades against SPT with a mid-price ABOVE 184.7 should improve ……..
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View Previous Spirent Comms & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 292 Percentage Change: + 2.21% Day High: 292.7 Day Low: 286
Further movement against Tesco ABOVE 292.7 should improve acceleration to ……..
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View Previous Tesco & Big Picture ***