#FTSE #Gold The concept of animals keeping pets is something which frankly never crossed my mind. But the other day, when doing the dog walk, a crow “cawed” at me with Penny, the Golden Retriever, immediately giving it a couple of barks. Looking at the bird, it had a white patch on one side, very similar to one of our back garden crows called Cheryl. Today, while working outside, a crow flew low overhead, made some crow noises, and Penny responded with a couple of barks. The crow, once again, was the one with a white patch and the question now is fairly simple. Does Penny have a pet crow or, does Cheryl have a pet dog? Or are they just friends, perhaps due to the time Cheryl flew into a telephone line and hurt her wing. Rather than attack, the dog ran to the house barking and I found myself on the phone to the vet for advice. I’d to keep an eye on the bird for a couple of hours and if it didn’t fly off, take it to the vet. During the entire time, the dog remained on the lawn and chose to ignore the crows mate (Russell) which was bouncing around on the lawn. Needless to say, at some point Cheryl flew off but since, the two birds have been regular visitors to the garden to deliberately annoy the dog by patrolling outside the patio doors until we let her out. At that point, they fly onto the wall, communing silently with the dog.
Animals can be strange but the purpose of this story is to highlight our frustration with the FTSE and its lack of action.
It’s getting to the stage where we feel if we ever decide to dodge watching the UK FTSE for a day, something might actually happen with the market rather than the series of pretend movements we’ve been seeing during September. What’s a bit of a surprise has been the level of financial traffic through London with Thursday producing the 2nd highest financial day of the month.
Our obvious frustration due to the UK index being poised to head upward, yet failing to do so, makes us feel we should routinely be wearing a tinfoil hat as it’s becoming nearly impossible to figure out any logic behind the UK markets intransigence. Perhaps it may be the case the market is waiting until the current UK Prime Minister resigns or maybe the US elects a proper president. Then again, it could just be a delay until we can finally say goodbye to September, traditionally a pretty foul month.
If any miracle intends happening, near term above 8306 points should trigger movement to an initial 8345 points with our secondary, if bettered, calculating at 8390 points. If triggered, the tightest stop loss level looks like 8264 points.
Our alternate scenario, if everything decides to go wrong, below 8250 looks capable of provoking trouble, giving an initial drop target at 8218 points with our secondary, if broken, working out at 8183 points.
Thankfully, we’re facing a weekend without a Grand Prix as the last one from Singapore made switching to watch yet another repeat of Tipping Point a viable ambition. Something seems to be going very wrong with Formula1, my wife already choosing to avoid watching it and personally I’m getting close. The rot set in, when they cheated Louis Hamilton out of the world championship, arguably for the 2nd time, as many people believe he should be a 9 times world champion, rather than tying with Mike Schumacher at 7 championships.
Have a good weekend.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:17:57PM | BRENT | 7089 | 7030 | 6949 | 7182 | 7202 | 7237 | 7080 | Success | ||
| 10:21:12PM | GOLD | 2671.96 | 2655 | 2643 | 2669 | 2686 | 2695 | 2663 | Success | ||
| 10:23:48PM | FTSE | 8279.6 | 8262 | 8239 | 8302 | 8333 | 8352 | 8296 | ‘cess | ||
| 10:26:55PM | STOX50 | 5038.5 | 4994 | 4976 | 5016 | 5049 | 5055 | 5008 | Success | ||
| 10:29:53PM | GERMANY | 19277.8 | 19105 | 19040 | 19172 | 19298 | 19336 | 19111 | Success | ||
| 10:32:44PM | US500 | 5746.1 | 5730 | 5720 | 5740 | 5774 | 5793 | 5710 | Success | ||
| 10:36:50PM | DOW | 42170 | 41845 | 41668 | 42007 | 42225 | 42343 | 42025 | |||
| 10:40:23PM | NASDAQ | 20122.1 | 19965 | 19867 | 20103 | 20317 | 20454 | 20182 | Success | ||
| 10:45:59PM | JAPAN | 39562 | 39000 | 38907 | 39227 | 39628 | 39808 | 39396 | ‘cess |
26/09/2024 FTSE Closed at 8284 points. Change of 0.19%. Total value traded through LSE was: £ 7,235,455,984 a change of 30.14%
25/09/2024 FTSE Closed at 8268 points. Change of -0.17%. Total value traded through LSE was: £ 5,559,537,162 a change of 3.34%
24/09/2024 FTSE Closed at 8282 points. Change of 0.28%. Total value traded through LSE was: £ 5,379,835,021 a change of 25.1%
23/09/2024 FTSE Closed at 8259 points. Change of 0.35%. Total value traded through LSE was: £ 4,300,418,012 a change of -66.74%
20/09/2024 FTSE Closed at 8230 points. Change of -1.18%. Total value traded through LSE was: £ 12,930,077,535 a change of 99.09%
19/09/2024 FTSE Closed at 8328 points. Change of 0.91%. Total value traded through LSE was: £ 6,494,685,893 a change of -5.91%
18/09/2024 FTSE Closed at 8253 points. Change of -0.67%. Total value traded through LSE was: £ 6,902,679,441 a change of 22.65% 
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:AVCT Avacta** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:PHP Primary Health** **LSE:RR. Rolls Royce** **LSE:STAN Standard Chartered** **
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Updated charts published on : Anglo American, Avacta, BALFOUR BEATTY, BP PLC, British Telecom, Diageo, Experian, Gulf Keystone, Hikma, Intertek, Just Eat, Marks and Spencer, Primary Health, Rolls Royce, Standard Chartered,
LSE:AAL Anglo American. Close Mid-Price: 2439.5 Percentage Change: + 6.16% Day High: 2452 Day Low: 2363
Further movement against Anglo American ABOVE 2452 should improve acceler ……..
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View Previous Anglo American & Big Picture ***
LSE:AVCT Avacta Close Mid-Price: 49.5 Percentage Change: -1.98% Day High: 53.5 Day Low: 48
Target met. In the event Avacta experiences weakness below 48 it calculat ……..
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View Previous Avacta & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 437.4 Percentage Change: + 1.72% Day High: 441 Day Low: 432.4
Target met. All BALFOUR BEATTY needs are mid-price trades ABOVE 441 to im ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:BP. BP PLC Close Mid-Price: 383.85 Percentage Change: -4.10% Day High: 387 Day Low: 379.75
Target met. If BP PLC experiences continued weakness below 379.75, it wil ……..
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View Previous BP PLC & Big Picture ***
LSE:BT.A British Telecom Close Mid-Price: 149.3 Percentage Change: -0.73% Day High: 152.15 Day Low: 148.7
All British Telecom needs are mid-price trades ABOVE 152.15 to improve ac ……..
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View Previous British Telecom & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 2614.5 Percentage Change: + 4.68% Day High: 2635 Day Low: 2548.5
Target met. Continued trades against DGE with a mid-price ABOVE 2635 shou ……..
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View Previous Diageo & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 3906 Percentage Change: + 1.06% Day High: 3965 Day Low: 3898
Target met. Continued trades against EXPN with a mid-price ABOVE 3965 sho ……..
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View Previous Experian & Big Picture ***
LSE:GKP Gulf Keystone Close Mid-Price: 113 Percentage Change: -0.44% Day High: 114.8 Day Low: 111
Weakness on Gulf Keystone below 111 will invariably lead to 105p with sec ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 1877 Percentage Change: + 0.54% Day High: 1891 Day Low: 1859
If Hikma experiences continued weakness below 1859, it will invariably le ……..
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View Previous Hikma & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 5190 Percentage Change: + 0.97% Day High: 5225 Day Low: 5175
All Intertek needs are mid-price trades ABOVE 5225 to improve acceleratio ……..
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View Previous Intertek & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1136 Percentage Change: + 1.43% Day High: 1170 Day Low: 1140
Target met. Further movement against Just Eat ABOVE 1170 should improve a ……..
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View Previous Just Eat & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 374 Percentage Change: -0.64% Day High: 380 Day Low: 373.6
In the event of Marks and Spencer enjoying further trades beyond 380, the ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:PHP Primary Health. Close Mid-Price: 101.8 Percentage Change: + 0.39% Day High: 103 Day Low: 101.5
Continued trades against PHP with a mid-price ABOVE 103 should improve th ……..
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View Previous Primary Health & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 526.8 Percentage Change: -0.94% Day High: 535 Day Low: 525.8
In the event of Rolls Royce enjoying further trades beyond 535, the share ……..
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View Previous Rolls Royce & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 803.6 Percentage Change: + 5.29% Day High: 807.2 Day Low: 776
Continued trades against STAN with a mid-price ABOVE 807.2 should improve ……..
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View Previous Standard Chartered & Big Picture ***