#FTSE #SP500 The continued rise of ETSY in the UK, along with a few emails asking our opinion on their share price, certainly gave us pause for thought. The e-commerce platform, specialising in selling “stuff” people don’t need, seems to drive folk with 3d printers mad. The problem is quite easy to identify, anyone with a good idea will place an advert in the market place and suddenly, their useful product is replicated by everyone else with 3d printers.
A fairly basic rule of invention is “you cannot patent or copyright an idea!”. Most folk who’ve been through patent machinations and costs will probably recommend against the process, instead suggesting the person take their idea, write everything out, dig a big hole, and bury it. If the product is so good, first to the market with correct exposure will win, especially if backed by a company with very deep pockets.
From a personal perspective, enthusiastically producing two new products this year had an interesting result. Not a single effort has been made to sell the gadgets but instead, quite a few have been given away to acquaintances. Both devices are medical related, one for managing pills, the other to manage routing of intravenous drip tubes. One of the things they don’t advertise when pushing chemotherapy is the amount of liquid you need to drink. Of course, what goes in comes out again and it’s quite disconcerting, sitting in a treatment chair while plumbed into an IV, when the call of nature makes itself felt. At this point, silent panic kicks in as the tube from the IV has invariably got itself tangled somewhere, thus making a hasty exit from the treatment chair impossible. Trying to concentrate, you unwind the IV tube from the armrest, unplug the machine and toddle quickly to the waiting toilet door while being careful not to catch the wheels of the IV trolley you are guiding carefully. It’s not as hellish as it sounds but watching other patients doing the same, the view is reminiscent of watching a drunk handling a small flight of stairs. Making matters worse, every nurse in the room suddenly behaves like a sheep dog, ready to pounce if a member of their herd does something stupid on the way to the loo.
Returning to Etsy, the platform certainly received a lot of stick from folk who’ve clearly spent an age of a 3d design, listed it on Etsy and within a week, found themselves competing with others marketing the identical product, usually at a lesser price as 3d printing is quite low cost. My own pill thing costs around 9p to print, the IV tube device costs under a penny. Neither device could be patented and even copyright would prove difficult.
Etsy share price is looking slightly attractive presently, the price doing a careful limbo dance above the Red line on the chart. We fear, should it move below $51, there’s a very real risk of further reversals down to an initial 44 dollars with our secondary, if broken, at a hopeful bottom of $30. To be blunt, we don’t expect the Red line to hold.
If the share price intends any attempt to impress the market, above 57.5 should prove interesting, allowing a rise to an initial 59.5 with our secondary, if such a level is bettered, working out at $67.
For now, we fear the worst.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:49:18PM | BRENT | 7362 | Success | ||||||||
| 10:52:25PM | GOLD | 2492.63 | ditto | ||||||||
| 10:59:06PM | FTSE | 8258 | 8244 | 8227 | 8162 | 8285 | 8320 | 8343 | 8376 | 8287 | ditto |
| 11:28:32PM | STOX50 | 4878 | ditto | ||||||||
| 11:32:26PM | GERMANY | 18641.9 | ditto | ||||||||
| 11:36:04PM | US500 | 5525.7 | 5504 | 5500 | 5448 | 5540 | 5580 | 5597 | 5628 | 5552 | ditto |
| 11:41:25PM | DOW | 40938 | ditto | ||||||||
| 11:45:56PM | NASDAQ | 18943 | ditto | ||||||||
| 11:49:07PM | JAPAN | 37661 | ditto |
3/09/2024 FTSE Closed at 8298 points. Change of -0.78%. Total value traded through LSE was: £ 4,935,106,783 a change of 50.92%
2/09/2024 FTSE Closed at 8363 points. Change of -0.16%. Total value traded through LSE was: £ 3,270,019,742 a change of -47.48%
30/08/2024 FTSE Closed at 8376 points. Change of -0.04%. Total value traded through LSE was: £ 6,226,759,673 a change of 55.63%
29/08/2024 FTSE Closed at 8379 points. Change of 0.43%. Total value traded through LSE was: £ 4,000,918,799 a change of 4.23%
28/08/2024 FTSE Closed at 8343 points. Change of -0.02%. Total value traded through LSE was: £ 3,838,365,101 a change of -20.19%
27/08/2024 FTSE Closed at 8345 points. Change of 0.22%. Total value traded through LSE was: £ 4,809,416,803 a change of 12.18%
26/08/2024 FTSE Closed at 8327 points. Change of -100%. Total value traded through LSE was: £ 4,287,242,825 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:AAL Anglo American** **LSE:AFC AFC Energy** **LSE:AZN Astrazeneca** **LSE:BP. BP PLC** **LSE:GENL Genel** **LSE:IQE IQE** **LSE:MKS Marks and Spencer** **LSE:SBRY Sainsbury** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **
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Updated charts published on : Anglo American, AFC Energy, Astrazeneca, BP PLC, Genel, IQE, Marks and Spencer, Sainsbury, Tern Plc, Tullow, Tesco, Vodafone,
LSE:AAL Anglo American Close Mid-Price: 2108.5 Percentage Change: -4.81% Day High: 2191 Day Low: 2103.5
If Anglo American experiences continued weakness below 2103.5, it will in ……..
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View Previous Anglo American & Big Picture ***
LSE:AFC AFC Energy. Close Mid-Price: 12.6 Percentage Change: + 0.00% Day High: 13 Day Low: 12.2
If AFC Energy experiences continued weakness below 12.2, it will invariab ……..
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View Previous AFC Energy & Big Picture ***
LSE:AZN Astrazeneca Close Mid-Price: 13190 Percentage Change: -0.65% Day High: 13338 Day Low: 13186
All Astrazeneca needs are mid-price trades ABOVE 13338 to improve acceler ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BP. BP PLC Close Mid-Price: 416.35 Percentage Change: -3.23% Day High: 429.65 Day Low: 415.75
Target met. Continued weakness against BP. taking the price below 415.75 ……..
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View Previous BP PLC & Big Picture ***
LSE:GENL Genel Close Mid-Price: 75.8 Percentage Change: -5.25% Day High: 80.2 Day Low: 74.6
Weakness on Genel below 74.6 will invariably lead to 70p with secondary ( ……..
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View Previous Genel & Big Picture ***
LSE:IQE IQE Close Mid-Price: 25.6 Percentage Change: -7.41% Day High: 28.05 Day Low: 25.45
If IQE experiences continued weakness below 25.45, it will invariably lea ……..
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View Previous IQE & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 341.9 Percentage Change: + 0.59% Day High: 344.2 Day Low: 340.3
All Marks and Spencer needs are mid-price trades ABOVE 344.2 to improve a ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 298.4 Percentage Change: + 0.81% Day High: 299 Day Low: 296.2
Target met. All Sainsbury needs are mid-price trades ABOVE 299 to improve ……..
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View Previous Sainsbury & Big Picture ***
LSE:TERN Tern Plc Close Mid-Price: 1.5 Percentage Change: -11.76% Day High: 1.7 Day Low: 1.4
In the event Tern Plc experiences weakness below 1.4 it calculates with a ……..
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View Previous Tern Plc & Big Picture ***
LSE:TLW Tullow Close Mid-Price: 24.6 Percentage Change: -6.82% Day High: 27 Day Low: 24.58
Target met. Weakness on Tullow below 24.58 will invariably lead to 21.5p ……..
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View Previous Tullow & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 361.7 Percentage Change: + 1.57% Day High: 363.2 Day Low: 357.8
Target met. Continued trades against TSCO with a mid-price ABOVE 363.2 sh ……..
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View Previous Tesco & Big Picture ***
LSE:VOD Vodafone. Close Mid-Price: 75.66 Percentage Change: + 0.05% Day High: 76.62 Day Low: 75.36
Target met. In the event of Vodafone enjoying further trades beyond 76.62 ……..
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View Previous Vodafone & Big Picture ***