FTSE for FRIDAY (FTSE:UKX) at around 8,174 currently

#FTSE #GOLD The FTSE has finally emerged from the long shadow cast by the highs, pre-pandemic, so we should be able to relegate the crazy years

of lockdowns to history and march onward into a bright future. This, apparently, isn’t the case! Yesterday I was summoned by the NHS to a vaccination clinic, where my 7th Covid injection was administered in an environment thankfully without lunatic queues. With 4 years of practice, the NHS folk had to finally be able to figure out an orderly procedure.

It’s surprising but previously, I’ve never taken the time to gossip with the nurses at these clinics but this time around, the opportunity arose when the nurse asked “Why is someone as young as you getting innoculated?” When I explained my personal situation, I asked if the team were aware of the successful changes made by their injections. Unfortunately, over the years, I’ve had blood tests carried out before and after the Covid-19 jag, quite literally able to quantify the benefits to my immune system following each vaccination. The first time this happened, questions were asked as folk going through chemo don’t routinely experience an improved immune system, quite the opposite. But once boosted by the Covid-19 jag (this one was from Astrazeneca, doubtless a nice income stream for the company), I can look forward to shaving without turning the bathroom sink into what looks like a blood splattered crime scene. Cuts which heal immediately are nice! However, one thing which has remained constant (for me) over the years is being knocked sideways for a couple of days, following each booster shot. Basically, a hangover without the benefit of doing the fun work to deserve it.


As the chart below highlights, the FTSE has finally started to paint a series of new highs, so we are fairly excited as it shall be a pleasant change to experience some positive results coming from London. We’ve noticed, among various sectors, it’s going to be hard to restrain enthusiasm,. so perhaps it will be wise to research those shares with solid fundamentals which are languishing below their pre-pandemic levels. It’s very probably those market components shall be the ones moving fastest in the months ahead.


With regard the FTSE for Friday, firstly, the Big Picture now claims a long term attraction above 8,600 is exerting influence on the UK market. As a result, we’re inclined to review near term gain potentials. A reasonable scenario now calculated with the potential of movement above 8200 bringing a visit to an initial 8224 points with secondary, if exceeded, at 8297 points. Given the parsimonious rate of movements recently, it’s likely this sort of secondary may not appear until next week. If triggered, our tightest stop looks like 8145 points.


Our converse scenario examines the potentials, if the market trips below 8145. This looks capable of triggering reversal to an initial 8125 with our secondary, if broken, at 8110 and a very possible rebound.


Have a good LONG weekend, enjoy the weather and the Grand Prix. We’ll be back on Tuesday.





Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:29:45PM BRENT 8358.7 8302 8163 8445 8440 8486 8380
10:32:40PM GOLD 2303.23 2297 2284 2306 2309 2319 2301 ‘cess
10:37:49PM FTSE 8193 8135 8114 8163 8201 8212 8176 Success
10:40:57PM STOX50 4910.7 4907 4845 4921 4921 4934 4898
10:43:30PM GERMANY 17979.4 17873 17835 17946 18001 18039 17918
11:01:06PM US500 5084.4 5033 5009 5063 5088 5108 5052 Success
11:03:47PM DOW 38481 37895 37783 38097 38508 38522 38239 Success
11:06:43PM NASDAQ 17624 17294 17268 17460 17649 17773 17543 Success
11:09:26PM JAPAN 37934 37733 37552 37915 38367 38458 38183


2/05/2024 FTSE Closed at 8172 points. Change of 0.63%. Total value traded through LSE was: £ 6,770,072,758 a change of 87.96%
1/05/2024 FTSE Closed at 8121 points. Change of -0.28%. Total value traded through LSE was: £ 3,601,904,135 a change of -39.24%
30/04/2024 FTSE Closed at 8144 points. Change of -0.04%. Total value traded through LSE was: £ 5,927,984,853 a change of 22.51%
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%

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:HSBA HSBC** **LSE:SCLP Scancell** **LSE:STAN Standard Chartered** **LSE:ZOO Zoo Digital** **


Updated charts published on : Aston Martin, HSBC, Scancell, Standard Chartered, Zoo Digital,

LSE:AML Aston Martin Close Mid-Price: 133.2 Percentage Change: -3.62% Day High: 142.5 Day Low: 134.3

Continued weakness against AML taking the price below 128 calculates as le ……..

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View Previous Aston Martin & Big Picture ***

LSE:HSBA HSBC. Close Mid-Price: 705 Percentage Change: + 1.08% Day High: 712.3 Day Low: 703.6

Target met. All HSBC needs are mid-price trades ABOVE 712.3 to improve ac ……..

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View Previous HSBC & Big Picture ***

LSE:SCLP Scancell Close Mid-Price: 9.1 Percentage Change: -1.62% Day High: 9.25 Day Low: 9.1

Target met. Weakness on Scancell below 9.1 will invariably lead to 8.5p w ……..

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View Previous Scancell & Big Picture ***

LSE:STAN Standard Chartered. Close Mid-Price: 756 Percentage Change: + 8.78% Day High: 761.6 Day Low: 729.4

Target met. Further movement against Standard Chartered ABOVE 761.6 shoul ……..

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View Previous Standard Chartered & Big Picture ***

LSE:ZOO Zoo Digital. Close Mid-Price: 51.5 Percentage Change: + 21.18% Day High: 51.5 Day Low: 43.5

Target met. All Zoo Digital needs are mid-price trades ABOVE 51.5 to impr ……..

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View Previous Zoo Digital & Big Picture ***

*** End of “Updated Today” comments on shares

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