#Brent #Dax It’s being said around 80% of Artificial Intelligence companies fail, despite investors throwing money at them. Similar behaviour has been noted with Blockchain and Crypto, essentially with the “smart” investors being afraid of missing the next big thing. Understandably, no-one wants to miss the next Google, Apple, or Tesla but AI (especially) is a dodgy territory. Essentially, while it’s a good idea, no-one has actually figured out where it will be useful.
Being careful not to name names, someone we know works with a national retailer, specialising in PR customer support. Her department received a dreadful email from a customer, complaining they’d bought a bunch of roses with one of the stems drawing blood, when a thorn scratched their skin. The customer expected a refund for the roses, along with some sort of goodwill gesture! Eventually, it was decided to allow the first person who’d read the email to reply, along with a strong suggestion she didn’t use words like “moron or idiot”. The junior member sent a 3 word email reply, saying “Roses Have Thorns” and no more was heard.
However, for a giggle, the team threw the email at AI software which was under test to replace call centres. This is where is all started to go wrong, the AI immediately replying with a full refund, along with a store credit to purchase another bunch of flowers. Additionally, it tried to issue an email to management, suggesting future bunches of roses be sheathed in puncture proof rubber sleeves as this accident was completely avoidable. Needless to say, the AI software remains under an increasingly cynical test, doubtless giving considerable hope to employees in call centres worldwide.
Amusingly, there’s apparently a video of the new Beetlejuice movie doing the rounds, a perfect copy from a Mexican showing. The language is obviously Spanish and initially someone claimed to have used AI to successfully generate accurate subtitles. Another pirate movie enthusiast then had a go at it, somehow converting the Spanish audio into an English soundtrack, all with AI. While this sort of thing is truly impressive (we’re going to see the real film this week), it’s more indicative of a firm future for. Historically, once the dodgy side of life adopts new technology, it’s a pretty certain signal the technology will catch on, something the film industry is pretty aware of anyway, due to the initial use of moving pictures being to record porn. As a result, it is said every improvement in the film technology has insiders watching the porn industry for signs of it being adopted. We’d guess, if the porn industry starts making entire AI movies, mainstream actors shall doubtless start reviewing their career options. For now, despite the Beetlejuice story, we remain sceptical about AI as it appears a solution which hasn’t yet found a suitable problem.
Lloyds Banking Group share price continues to prove the markets are not under the control of an AI, or if they are, it’s one with the IQ of a small ginger cat. We’re extremely frustrated at the inability of retail banking shares to actually do anything positive, despite larcenous interest rates starting to relax worldwide. The immediate situation with Lloyds now suggests movement above 61.62p should bring movement to an initial 66.4p with our secondary, if beaten, at a more useful 69.5p and potential hesitation. Visually, the share price has experienced an issue at the 70p level since 2016.
If things intend go wrong with Lloyds, below 56p looks like providing the first warning as this risks promoting reversal to an initial 52p with our secondary, if broken, now at 49.4p and a potential excuse for a real bounce.
For now, we’re stuck in a repeat cycle of every three weeks, trying to find reasons for Lloyds share price to remove itself from a zombie lifestyle. The retail banking sector, once interesting and exciting, is being outperformed by this years crop of dandelions on our lawn.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 2:15:32AM | BRENT | 7193.4 | 7104 | 6993 | 6887 | 7181 | 7291 | 7365 | 7533 | 7202 |
| 2:21:08AM | GOLD | 2577.82 | ||||||||
| 2:23:32AM | FTSE | 8282.9 | ||||||||
| 2:26:22AM | STOX50 | 4844.1 | ||||||||
| 2:31:38AM | GERMANY | 18683.9 | 18653 | 18629 | 18597 | 18711 | 18680 | 18874 | 19102 | 18540 |
| 2:40:59AM | US500 | 5622.2 | ||||||||
| 2:44:36AM | DOW | 41392.5 | ||||||||
| 2:47:15AM | NASDAQ | 19485.2 | ||||||||
| 2:51:33AM | JAPAN | 36428 |
13/09/2024 FTSE Closed at 8273 points. Change of 0.4%. Total value traded through LSE was: £ 4,486,905,265 a change of -19.07%
12/09/2024 FTSE Closed at 8240 points. Change of 0.57%. Total value traded through LSE was: £ 5,544,211,682 a change of 9.81%
11/09/2024 FTSE Closed at 8193 points. Change of -0.15%. Total value traded through LSE was: £ 5,048,721,179 a change of -0.13%
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% 
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:BT.A British Telecom** **LSE:CEY Centamin** **LSE:EXPN Experian** **LSE:FGP Firstgroup** **LSE:IAG British Airways** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **
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Updated charts published on : Aston Martin, British Telecom, Centamin, Experian, Firstgroup, British Airways, Primary Health, Parkmead,
LSE:AML Aston Martin. Close Mid-Price: 159.7 Percentage Change: + 3.50% Day High: 161.6 Day Low: 154.9
Target met. Further movement against Aston Martin ABOVE 161.6 should impr ……..
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View Previous Aston Martin & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 147.15 Percentage Change: + 1.31% Day High: 148.2 Day Low: 145
Target met. All British Telecom needs are mid-price trades ABOVE 148.5 to ……..
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View Previous British Telecom & Big Picture ***
LSE:CEY Centamin. Close Mid-Price: 156 Percentage Change: + 1.30% Day High: 158.6 Day Low: 154.3
Further movement against Centamin ABOVE 158.6 should improve acceleration ……..
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View Previous Centamin & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 3771 Percentage Change: + 0.40% Day High: 3811 Day Low: 3767
Continued trades against EXPN with a mid-price ABOVE 3811 should improve ……..
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View Previous Experian & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 155 Percentage Change: + 0.52% Day High: 155.1 Day Low: 149.9
Target met. If Firstgroup experiences continued weakness below 149.9, it w ……..
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View Previous Firstgroup & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 198.95 Percentage Change: + 1.74% Day High: 199.4 Day Low: 194.8
Continued trades against IAG with a mid-price ABOVE 199.4 should improve ……..
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View Previous British Airways & Big Picture ***
LSE:PHP Primary Health. Close Mid-Price: 101.7 Percentage Change: + 0.89% Day High: 102.2 Day Low: 100.8
All Primary Health needs are mid-price trades ABOVE 102.2 to improve acce ……..
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View Previous Primary Health & Big Picture ***
LSE:PMG Parkmead Close Mid-Price: 10 Percentage Change: -1.23% Day High: 10.12 Day Low: 9.75
Target met. If Parkmead experiences continued weakness below 9.75, it wil ……..
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View Previous Parkmead & Big Picture ***