#FTSE #Nasdaq The financial press has been salivating this week over the prospects for Wizz Air and its incoming fleet of Airbus A321XLR jets, each with that scary “new untried jet” smell, and the companies plans for longer range routes from Gatwick to Jeddah to start with. It’s quite astounding, the company offering the ability of someone paying £135 and getting a 3,000 mile trip in return. Regular readers will know of the “high esteem” in which we hold the hell of flying and a costing such as this makes us wonder what the conditions on board shall be like.
Perhaps there will be coin operated toilet cubicles & a charge for loo roll, along with a paid lottery to decide who is allowed to sit and those who stand for the journey. They could maybe even adopt the African transport concept, a special charge for those who will sit on the roof of a jet, similar to the roof class as found on some African & Indian trains…
While we’re obviously bothered by the market choosing to gap the share price below the uptrend at the start of August, it appeared to send a pretty solid signal the market wants the share price down. Unusually for us, we’re not entirely convinced by the movement as below 1150p allows for further reversal to an initial 1078p. Effectively, this suggests we expect a bounce, or ideally the market opting to gap up the share price, anytime now. The real danger comes with closure below 1078p as a further cycle to 560p becomes possible, along with substantial difficulty in bouncing.
From a near term perspective, above 1218p should trigger slight recovery to an initial 1377 and some hesitation. Our secondary, if such a level is beaten, at 1834p, taking the share price into a region where happy days should be ahead, due to the value being once again above the uptrend since 2022.
Sorry to be so brief on this one. At time of writing, the thoroughly enjoyable Trump/Harris debate is on telly.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:00:01PM | BRENT | 6956 | ‘cess | ||||||||
| 11:04:03PM | GOLD | 2516.4 | Success | ||||||||
| 11:08:58PM | FTSE | 8212.1 | 8175 | 8166 | 8123 | 8219 | 8230 | 8239 | 8261 | 8216 | ‘cess |
| 11:07:37PM | STOX50 | 4757 | ‘cess | ||||||||
| 11:11:29PM | GERMANY | 18321 | |||||||||
| 11:14:55PM | US500 | 5491.9 | |||||||||
| 11:17:36PM | DOW | 40726.1 | |||||||||
| 11:20:43PM | NASDAQ | 18817.4 | 18563 | 18473 | 18347 | 18715 | 18832 | 18854 | 18953 | 18780 | |
| 11:23:55PM | JAPAN | 36122 | Success |
10/09/2024 FTSE Closed at 8205 points. Change of -0.79%. Total value traded through LSE was: £ 5,055,044,781 a change of 31.7%
9/09/2024 FTSE Closed at 8270 points. Change of 1.09%. Total value traded through LSE was: £ 3,838,355,695 a change of -22.29%
6/09/2024 FTSE Closed at 8181 points. Change of -0.73%. Total value traded through LSE was: £ 4,939,178,824 a change of -5.79%
5/09/2024 FTSE Closed at 8241 points. Change of -0.34%. Total value traded through LSE was: £ 5,242,721,349 a change of 2.61%
4/09/2024 FTSE Closed at 8269 points. Change of -0.35%. Total value traded through LSE was: £ 5,109,260,535 a change of 3.53%
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% 
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:BME B & M** **LSE:BP. BP PLC** **LSE:CEY Centamin** **LSE:CNA Centrica** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:PMG Parkmead** **LSE:SBRY Sainsbury** **LSE:TLW Tullow** **
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Updated charts published on : Anglo American, B & M, BP PLC, Centamin, Centrica, Genel, Gulf Keystone, Glencore Xstra, British Airways, IQE, Marks and Spencer, National Glib, Parkmead, Sainsbury, Tullow,
LSE:AAL Anglo American Close Mid-Price: 2009 Percentage Change: -1.01% Day High: 2052.5 Day Low: 1989
In the event Anglo American experiences weakness below 1989 it calculates ……..
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View Previous Anglo American & Big Picture ***
LSE:BME B & M Close Mid-Price: 415.9 Percentage Change: -2.05% Day High: 422.7 Day Low: 414.3
Target met. Weakness on B & M below 414.3 will invariably lead to 409p wi ……..
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View Previous B & M & Big Picture ***
LSE:BP. BP PLC Close Mid-Price: 397.45 Percentage Change: -2.26% Day High: 407.7 Day Low: 395.75
Target met. Continued weakness against BP. taking the price below 395.75 ……..
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View Previous BP PLC & Big Picture ***
LSE:CEY Centamin. Close Mid-Price: 146.9 Percentage Change: + 22.93% Day High: 150.9 Day Low: 145
Target met. All Centamin needs are mid-price trades ABOVE 150.9 to improv ……..
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View Previous Centamin & Big Picture ***
LSE:CNA Centrica Close Mid-Price: 119.5 Percentage Change: -2.45% Day High: 122.6 Day Low: 119.35
If Centrica experiences continued weakness below 119.35, it will invariab ……..
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View Previous Centrica & Big Picture ***
LSE:GENL Genel. Close Mid-Price: 73.5 Percentage Change: + 0.68% Day High: 74.6 Day Low: 71.6
If Genel experiences continued weakness below 71.6, it will invariably le ……..
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View Previous Genel & Big Picture ***
LSE:GKP Gulf Keystone Close Mid-Price: 111.6 Percentage Change: -4.53% Day High: 119.8 Day Low: 111.9
Continued weakness against GKP taking the price below 111.9 calculates as ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:GLEN Glencore Xstra Close Mid-Price: 363.45 Percentage Change: -1.78% Day High: 371.95 Day Low: 362.6
Target met. In the event Glencore Xstra experiences weakness below 362.6 ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 192.5 Percentage Change: + 0.57% Day High: 192.85 Day Low: 189.35
Further movement against British Airways ABOVE 192.85 should improve acc ……..
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View Previous British Airways & Big Picture ***
LSE:IQE IQE Close Mid-Price: 19.14 Percentage Change: -19.24% Day High: 21.5 Day Low: 19.3
Target met. Weakness on IQE below 19.3 will invariably lead to 18.5p with ……..
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View Previous IQE & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 356.6 Percentage Change: + 1.08% Day High: 356.1 Day Low: 351.2
All Marks and Spencer needs are mid-price trades ABOVE 356.1 to improve a ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1043 Percentage Change: + 0.72% Day High: 1046 Day Low: 1036
All National Glib needs are mid-price trades ABOVE 1046 to improve accele ……..
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View Previous National Glib & Big Picture ***
LSE:PMG Parkmead Close Mid-Price: 10.12 Percentage Change: -3.57% Day High: 10.5 Day Low: 10.12
Target met. In the event Parkmead experiences weakness below 10.12 it cal ……..
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View Previous Parkmead & Big Picture ***
LSE:SBRY Sainsbury Close Mid-Price: 299.2 Percentage Change: -0.20% Day High: 301.2 Day Low: 298
Further movement against Sainsbury ABOVE 301.2 should improve acceleratio ……..
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View Previous Sainsbury & Big Picture ***
LSE:TLW Tullow Close Mid-Price: 22.12 Percentage Change: -3.91% Day High: 23.2 Day Low: 22.16
Weakness on Tullow below 22.16 will invariably lead to 21.5p with seconda ……..
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View Previous Tullow & Big Picture ***