#FTSE #Gold The most recent 16 sessions have experienced just three days where marginal FTSE reversals occurred. And even the word “marginal” may be too expansive as only 1st May only managed to lose 23 points before things again became interesting. Oddly though, from a Big Picture perspective, there appears to be a slender chance of the 8403 level provoking some near term hesitation, despite the underlying trend still pointing upward.
But first, the UK AIM market has finally taken an interest in proceedings, recovering above the Red uptrend and also achieving a higher high. We hope this shall prove an indication many of the beleaguered traders in the junior market are also finally about to experience some succour, rather than their permanent feeling of being suckers… Above 793 points should next enter a cycle to an initial 824 with secondary, if beaten, at 858 points and some possible hesitation. But for the longer term, the AIM has just tentatively ticked the first box for recovery to an eventual 1107 points. It’s certain a 41% growth potential should contain sufficient pixy dust to start some of the more stagnant shares moving.
The FTSE is bothering us a little, due to it now trading in Big Picture territory with some of our future ambitions sounding a little enthusiastic. It’s now the case where movement above 8403 points should next trigger a visit to 8513 points with our secondary, if beaten, at 8609 points, taking the market into a zone where we suspect some real hesitation shall make itself known, doubtless due to the collective disbelief of those holding FTSE 100 shares. Should this trigger, the tightest stop loss looks like 8335 points.
If things intend go horribly wrong, below 8301 now risks triggering reversal to 8099 with our secondary, if broken, at 8014 points and a return to where everything was before it started go right!
Have a good weekend, hopefully with the chance to enjoy some decent weather.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:32:41PM | BRENT | 8407.8 | 8240 | 8097 | 8350 | 8426 | 8446 | 8360 | |||
| 9:35:01PM | GOLD | 2344.29 | 2328 | 2321 | 2339 | 2348 | 2359 | 2329 | Success | ||
| 9:50:00PM | FTSE | 8412.6 | 8380 | 8363 | 8415 | 8421 | 8471 | 8326 | Success | ||
| 9:53:24PM | STOX50 | 5061.5 | 5014 | 4997 | 5034 | 5063 | 5070 | 5052 | Success | ||
| 9:56:26PM | GERMANY | 18735.4 | 18529 | 18449 | 18628 | 18745 | 18872 | 18660 | Success | ||
| 10:03:58PM | US500 | 5217.5 | 5197 | 5188 | 5210 | 5218 | 5223 | 5199 | Success | ||
| 10:13:23PM | DOW | 39422.6 | 39200 | 39098 | 39281 | 39452 | 39601 | 39206 | ‘cess | ||
| 10:16:59PM | NASDAQ | 18124.5 | 18008 | 17969 | 18077 | 18144 | 18170 | 18093 | |||
| 10:19:42PM | JAPAN | 38414 | 38261 | 38182 | 38381 | 38445 | 38633 | 38346 | Shambles |
9/05/2024 FTSE Closed at 8381 points. Change of 0.32%. Total value traded through LSE was: £ 5,033,811,028 a change of -35.46%
8/05/2024 FTSE Closed at 8354 points. Change of 0.49%. Total value traded through LSE was: £ 7,799,424,670 a change of 19.63%
7/05/2024 FTSE Closed at 8313 points. Change of 1.22%. Total value traded through LSE was: £ 6,519,396,072 a change of 33.86%
3/05/2024 FTSE Closed at 8213 points. Change of 0.5%. Total value traded through LSE was: £ 4,870,153,173 a change of -28.06%
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 -100%. Total value traded through LSE was: £ 5,927,984,853 a change of 0% 
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:AFC AFC Energy** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:ECO ECO (Atlantic) O & G** **LSE:FOXT Foxtons** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:TERN Tern Plc** **LSE:TSCO Tesco** **
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Updated charts published on : AFC Energy, Astrazeneca, Barclays, ECO (Atlantic) O & G, Foxtons, Intertek, ITV, National Glib, Natwest, Tern Plc, Tesco,
LSE:AFC AFC Energy Close Mid-Price: 20.4 Percentage Change: -3.32% Day High: 21.95 Day Low: 19.72
Continued trades against AFC with a mid-price ABOVE 21.95 should improve ……..
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View Previous AFC Energy & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 12332 Percentage Change: + 0.55% Day High: 12388 Day Low: 12256
Further movement against Astrazeneca ABOVE 12388 should improve accelerat ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 213.25 Percentage Change: + 0.76% Day High: 215 Day Low: 211.9
Target met. Continued trades against BARC with a mid-price ABOVE 215 shou ……..
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View Previous Barclays & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 14.5 Percentage Change: + 3.57% Day High: 14.95 Day Low: 14.25
All ECO (Atlantic) O & G needs are mid-price trades ABOVE 14.95 to improv ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:FOXT Foxtons. Close Mid-Price: 65.2 Percentage Change: + 5.84% Day High: 68.8 Day Low: 61.4
Target met. Continued trades against FOXT with a mid-price ABOVE 68.8 sho ……..
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View Previous Foxtons & Big Picture ***
LSE:ITRK Intertek Close Mid-Price: 5055 Percentage Change: -0.39% Day High: 5100 Day Low: 5050
Continued trades against ITRK with a mid-price ABOVE 5100 should improve ……..
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View Previous Intertek & Big Picture ***
LSE:ITV ITV. Close Mid-Price: 76.6 Percentage Change: + 3.03% Day High: 76.55 Day Low: 74
In the event of ITV enjoying further trades beyond 76.55, the share shoul ……..
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View Previous ITV & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1112.5 Percentage Change: + 1.00% Day High: 1113 Day Low: 1100.5
Further movement against National Glib ABOVE 1113 should improve accelera ……..
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View Previous National Glib & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 317.8 Percentage Change: + 0.25% Day High: 320.3 Day Low: 316
All Natwest needs are mid-price trades ABOVE 320.3 to improve acceleratio ……..
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View Previous Natwest & Big Picture ***
LSE:TERN Tern Plc. Close Mid-Price: 4.2 Percentage Change: + 15.07% Day High: 4.25 Day Low: 3.65
In the event of Tern Plc enjoying further trades beyond 4.25, the share s ……..
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View Previous Tern Plc & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 310.2 Percentage Change: + 0.78% Day High: 311.6 Day Low: 308.1
Continued trades against TSCO with a mid-price ABOVE 311.6 should improve ……..
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View Previous Tesco & Big Picture ***