#Gold #SP500 We find ourselves asking “will winter ever end” as this one just keeps reminding us it isn’t over. Typically, here in Argyll, deer cease being a hazard by April as they retreat ‘up the hill’ above the 500 foot level. This year, they have (so far) failed to do so, a crowd of 6 spotted in our garden today and when returning from a dog walk, a herd of 20 or more managed to briefly block the road, opting to stand on the grass and glare accusingly as we drove past. And of course, despite the sun being out, the temperature was only 3c in early afternoon.
It’s easy to blame all this climate stuff on the usual suspects, forgetting a mountain climb just 20 years ago, when sudden blizzards brought 3 fatalities over the weekend. Or years when skiing in Glencoe could be possible until May, so perhaps it’s the usual mantra for Scotland, there being no such thing as The Wrong Weather, just The Wrong Clothes. It will surprise no-one, if May of this year records high temperatures, living in a region with the sea at the front and mountains behind guaranteeing constant entertainment by the weather. But we could do without gangs of deer in the garden, thus giving the dogs a valid excuse to become quite vocal.
The confusion of the weather matches our confusion over insurer Beazley’s share price. Back in February, the market decided it was time for recovery, the price being gapped up solidly at the open of 22nd February to an impressive 623p. We hoped it would follow our deer, scampering up hill. But a month later, things fizzled out before the end of March with the price now looking at risk of some slight reversals. The immediate situation threatens price movement below 629p treating investors to a drop to around an initial 591p with our secondary, if broken, at 580p. The visual proximity of these target levels tends suggest we shall be looking for a bounce, should such reversals take place. Visually, a series of dance steps such as this would “close” the gap from February 22nd, something there’s no hard and fast requirement for but nonetheless, being one of these tenets of faith among certain traders.
But we’re simply not sure reversals are on the immediate cards.
Share price movements on Monday proved distinctly odd, the sharp recovery from movements at the open of trade lending a suspicious tint to our thoughts. It almost felt like “they” were trying to fake traders into believing a drop was coming or perhaps going after someone’s substantial stop loss at 629p with the intention of freeing up some shares. Should this prove to be the case, above just 661p should next prove interesting as it calculates as being capable of a lift to an initial 688p with our longer term secondary, if exceeded, working out at a future 755p.
Perhaps it shall prove to be the case the market will force reversals, once the share price goes ex-dividend in a few days. Time will tell.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:09:38PM | BRENT | 8721.9 | ‘cess | ||||||||
| 9:12:13PM | GOLD | 2336.07 | 2330 | 2318 | 2307 | 2342 | 2347 | 2352 | 2361 | 2337 | |
| 9:14:18PM | FTSE | 8147 | Success | ||||||||
| 9:50:38PM | STOX50 | 4980.7 | ‘cess | ||||||||
| 9:53:50PM | GERMANY | 18122 | |||||||||
| 9:56:14PM | US500 | 5114.6 | 5087 | 5068 | 5050 | 5104 | 5123 | 5129 | 5143 | 5103 | Sorry |
| 10:16:16PM | DOW | 38379.5 | |||||||||
| 10:18:44PM | NASDAQ | 17785 | ‘cess | ||||||||
| 10:21:23PM | JAPAN | 38305 | ‘cess |
29/04/2024 FTSE Closed at 8147 points. Change of 0.1%. Total value traded through LSE was: £ 4,838,878,420 a change of -6.86%
26/04/2024 FTSE Closed at 8139 points. Change of 0.76%. Total value traded through LSE was: £ 5,195,337,438 a change of -32.25%
25/04/2024 FTSE Closed at 8078 points. Change of 0.47%. Total value traded through LSE was: £ 7,668,407,153 a change of -4.61%
24/04/2024 FTSE Closed at 8040 points. Change of -0.05%. Total value traded through LSE was: £ 8,038,861,258 a change of 24.9%
23/04/2024 FTSE Closed at 8044 points. Change of 0.26%. Total value traded through LSE was: £ 6,436,213,150 a change of 18.32%
22/04/2024 FTSE Closed at 8023 points. Change of 1.62%. Total value traded through LSE was: £ 5,439,622,583 a change of -22.9%
19/04/2024 FTSE Closed at 7895 points. Change of 0.23%. Total value traded through LSE was: £ 7,055,208,688 a change of 7.7% 
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:AAL Anglo American** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:ECO ECO (Atlantic) O & G** **LSE:HSBA HSBC** **LSE:NWG Natwest** **LSE:STAR Star Energy** **
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Updated charts published on : Anglo American, Astrazeneca, Barclays, ECO (Atlantic) O & G, HSBC, Natwest, Star Energy,
LSE:AAL Anglo American. Close Mid-Price: 2750 Percentage Change: + 4.05% Day High: 2753 Day Low: 2670
All Anglo American needs are mid-price trades ABOVE 2753 to improve accel ……..
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View Previous Anglo American & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 12024 Percentage Change: + 0.30% Day High: 12256 Day Low: 12018
In the event of Astrazeneca enjoying further trades beyond 12256, the sha ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BARC Barclays Close Mid-Price: 203.65 Percentage Change: -0.34% Day High: 207.45 Day Low: 202.75
All Barclays needs are mid-price trades ABOVE 207.45 to improve accelerat ……..
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View Previous Barclays & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 10.8 Percentage Change: + 5.37% Day High: 10.8 Day Low: 9.9
Continued trades against ECO with a mid-price ABOVE 10.8 should improve t ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 668.1 Percentage Change: + 0.68% Day High: 670.8 Day Low: 666.4
Continued trades against HSBA with a mid-price ABOVE 670.8 should improve ……..
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View Previous HSBC & Big Picture ***
LSE:NWG Natwest Close Mid-Price: 302.5 Percentage Change: -1.59% Day High: 309.5 Day Low: 301
Further movement against Natwest ABOVE 309.5 should improve acceleration ……..
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View Previous Natwest & Big Picture ***
LSE:STAR Star Energy. Close Mid-Price: 12.22 Percentage Change: + 1.03% Day High: 12.45 Day Low: 12.1
All Star Energy needs are mid-price trades ABOVE 12.45 to improve acceler ……..
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View Previous Star Energy & Big Picture ***