#FTSE #Gold Many dog owners hate an amusing game played by their pets, the “it’s a ‘look only toy’, don’t touch, as the animal parades around carrying a toy, a stick, underwear, or even a live frog in the case of our monster. While the dog finds it hysterical, their devotion to the game can prove every bit as distressing as the FTSE’s “Will It or Won’t It?” antics as the UK market refuses to behave.
For us, the issue started on February 16th last year, a day when the FTSE hit a high of 8047 points, closing the session at 8012 points. By achieving these highs, the market laid down a fairly clear set of rules for the future, two target levels and if both were exceeded, we’d logically anticipate a climbing period ahead for the FTSE. Unfortunately, despite teasing investors like a grinning Golden Retriever, the index remains moribund with the highest set of results being on 12th April, a high of 8044 and a closing price of 7995 points. Typically, when intraday highs start to exceed prior highs, it gives a fairly reliable indication of good times ahead but with this set of results, we now lack confidence. But we’re not rushing out to dig holes to hide in, not yet anyway.
Following on from Tuesday big fall on the FTSE of 172 points, the market has been struggling to show coherent recovery and it’s currently the case where below 7793 risks triggering reversal to an initial 7726 points and a very possible rebound. This difficulty comes with closure below 7726 as it dumps the FTSE into a zone, where ongoing reversal to an eventual 7556 calculates as possible. Our suspicion currently is what’s going on is being blamed on Middle East war nerves, rather than anything solid and as a result, the market is quite literally colouring within the lines until resolution or otherwise is achieved. For the FTSE, almost regardless of outcome, we suspect the index shall head upward eventually.
Should this scenario trigger, our tightest stop works out at 7861 points.
However, if the market chooses to celebrate the fact Dec & Ant are no longer on television, above 7861 holds some slight hope as above this level calculates with the potential of launching the FTSE toward 7906 points. Our secondary, if such is exceeded, works out at 7950 points, obviously doubtful given the lethargic nature of the market currently.
It’s a weekend without snow, despite the promised 20cm the Met Office threatened for yesterday and today. Instead, we’ve have rain, hail, sunshine, wind, rain, and then some more rain. But this weekend looks good, so if you’re heading to Argyll, now’s your chance for at least two days. Except on recent form, the Met Office are terrible.
Enjoy Formula1 this weekend. It’s from China, so the winning drivers have probably been chosen already as nothing interesting ever seems to come from racing in Shanghai. We expect Red Bull 1st & 2nd, a Ferrari, then no-one really cares thereafter.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:56:55PM | BRENT | 8626.6 | 8560 | 8518 | 8710 | 8727 | 8783 | 8664 | ‘cess | ||
| 11:00:30PM | GOLD | 2378.98 | 2364 | 2348 | 2381 | 2395 | 2417 | 2375 | |||
| 11:02:38PM | FTSE | 7837 | 7845 | 7833 | 7883 | 7902 | 7925 | 7865 | |||
| 11:05:04PM | STOX50 | 4919.6 | 4892 | 4872 | 4928 | 4951 | 4966 | 4921 | |||
| 11:10:45PM | GERMANY | 17759.7 | 17716 | 17668 | 17778 | 17870 | 17908 | 17771 | |||
| 11:13:33PM | US500 | 5013.3 | 5001 | 4944 | 5049 | 5057 | 5076 | 5025 | |||
| 11:17:12PM | DOW | 37795.5 | 37675 | 37550 | 37817 | 38092 | 38199 | 37802 | Shambles | ||
| 11:20:13PM | NASDAQ | 17386 | 17355 | 17293 | 17430 | 17595 | 17673 | 17388 | |||
| 11:23:23PM | JAPAN | 37761 | 37705 | 37525 | 37854 | 38123 | 38180 | 38014 |
18/04/2024 FTSE Closed at 7877 points. Change of 0.38%. Total value traded through LSE was: £ 6,551,072,926 a change of 27.48%
17/04/2024 FTSE Closed at 7847 points. Change of 0.35%. Total value traded through LSE was: £ 5,138,744,008 a change of -8.61%
16/04/2024 FTSE Closed at 7820 points. Change of -1.82%. Total value traded through LSE was: £ 5,622,635,189 a change of 16.7%
15/04/2024 FTSE Closed at 7965 points. Change of -0.38%. Total value traded through LSE was: £ 4,817,927,674 a change of -11.37%
12/04/2024 FTSE Closed at 7995 points. Change of 0.91%. Total value traded through LSE was: £ 5,435,726,241 a change of -8.93%
11/04/2024 FTSE Closed at 7923 points. Change of -0.48%. Total value traded through LSE was: £ 5,968,969,501 a change of -30.54%
10/04/2024 FTSE Closed at 7961 points. Change of 0.34%. Total value traded through LSE was: £ 8,593,583,138 a change of 30.85% 
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:AML Aston Martin** **LSE:IAG British Airways** **LSE:IPF International Personal Finance** **LSE:OCDO Ocado Plc** **
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Updated charts published on : Aston Martin, British Airways, International Personal Finance, Ocado Plc,
LSE:AML Aston Martin. Close Mid-Price: 151 Percentage Change: + 0.00% Day High: 154.6 Day Low: 149.5
If Aston Martin experiences continued weakness below 149.5, it will invar ……..
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View Previous Aston Martin & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 169.8 Percentage Change: + 5.66% Day High: 169.5 Day Low: 163.55
Above 172 now calculates as capable of a lift to an initial 195p. If excee ……..
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View Previous British Airways & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 102.5 Percentage Change: + 0.99% Day High: 103.5 Day Low: 100
In the event International Personal Finance experiences weakness below 10 ……..
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View Previous International Personal Finance & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 350 Percentage Change: + 0.52% Day High: 350.5 Day Low: 335.2
Target met. In the event Ocado Plc experiences weakness below 335.2 it ca ……..
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View Previous Ocado Plc & Big Picture ***