#Brent #SP500 It was a strange weekend, one literally packed full of the potential for something really stupid to happen. For some reason, every 5 years when my wife decides to change car, something daft happens and this time, things kicked off with her falling out with a bloke moving felled tree trunks around with a JCB. A big rule, when around machinery, is to never make a movement unless eye contact has been made with the operator. It was clear the guy was focussed on building a pile of timber, so I suggested to my wife she follow the dog and I on a wide detour through the forest. Unfortunately, I hadn’t factored in my wifes ability to read peoples mind as she decided to ‘safely’ shuffle sideways past the big yellow machine, eventually making eye contact with an utterly incandescent machine operator who’d hit the panic stop switch.
Her excuse of not wanting to risk her brand new white trainers on the forest floor didn’t impress the operator, not did her attempt to explain she knew he was only working on the right hand side of the track and would have no reason to swing the boom to the left. It all made understanding Ferrari colours quite easy, the bright Red of the chaps face blending nicely with the Yellow paint of the machine… Our drive to the garage to view the car she wanted was in a dangerous angry silence after I explained she wouldn’t dare approach myself or my brother, if we were using chainsaws. And neither would she dream of going over the firing line, when our grand-daughter was humiliating me on the shooting range. Similar to all husbands, I never disagree with her logic in public but in the JCB moment, avoiding entering the conversation with the operator was probably sensible. He was right, she was wrong and her excuse pathetic. Mud on trainers can wipe off, just like blood on heavy machinery.
We arrived to review her potential car. As always, she utterly refused to test drive other than mess around with the drivers seat settings to ensure her feet could reach the pedals. (Funny story, they DID NOT reach the pedals of an MGB GT Coupe, the one occasion she didn’t do this test. But I liked that car and regret saying goodbye.) Anyway, she did the pedal test, then accidentally jumped into the rear seat of the vehicle, leaving me to take it for a howl around the block. It was comfortable in the rear and apparently dogs will not be irritated by noise levels. The car was bought, the garage folk genuinely astounded at her annual mileage of just over 2,500 miles, an advantage of staying in Argyll. Me, I’m unlucky if I go above 1,500 miles per annum but we’ve cheerfully planned a 600 mile day to do a round trip with the intention of getting used to her new vehicle – and buy a new wood burning stove! In summary, nothing stupid happened (yet), we bought the car, we collect it next weekend.
All these plans for the future are interesting, making us wonder about Lloyds continuing to avoid making the dangerous first step of becoming useful. Perhaps this isn’t entirely fair, the share price breaking through the Blue downtrend back in May of this year, every single dance step thereafter paying careful homage to the downtrend. It creates a situation where immediate arguments become difficult, forcing us to try and discover what trend the market next intends pay some attention to. There is a chance the downtrend since 2015 shall be regarded as important, suggesting the potential of some real gains in the market price, if only it would start increasing in price.
Should this be the case, the immediate situation demands Lloyds share price exceed roughly 61.338p to trigger movement to a potential 72p with our longer term secondary, if bettered, working out at a future 88.7p. Obviously, such an event shall have the UK Royal family enacting repeated bows from Buck House but it’s worth considering our secondary target matches a prior high from 2015, along with the potential for some real hesitation.
It’s all a bit messy, like mud on white trainers, but feels like patience should be required as Lloyds should be heading upward.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 12:55:12AM | BRENT | 7809 | 7739 | 7654 | 7562 | 7794 | 7934 | 8007 | 8155 | 7627 | ‘cess |
| 1:15:09AM | GOLD | 2653.01 | |||||||||
| 1:34:19AM | FTSE | 8312.1 | Shambles | ||||||||
| 1:38:55AM | STOX50 | 4979.8 | |||||||||
| 1:51:37AM | GERMANY | 19196.9 | Shambles | ||||||||
| 12:20:18AM | US500 | 5745.5 | 5694 | 5681 | 5655 | 5714 | 5756 | 5775 | 5800 | 5732 | ‘cess |
| 12:23:40AM | DOW | 42389 | ‘cess | ||||||||
| 12:27:52AM | NASDAQ | 20046 | ‘cess | ||||||||
| 12:30:52AM | JAPAN | 39736 |
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4/10/2024 FTSE Closed at 8280 points. Change of -0.02%. Total value traded through LSE was: £ 5,246,156,906 a change of -2.97%
3/10/2024 FTSE Closed at 8282 points. Change of -0.1%. Total value traded through LSE was: £ 5,406,589,998 a change of 0.25%
2/10/2024 FTSE Closed at 8290 points. Change of 0.17%. Total value traded through LSE was: £ 5,393,073,396 a change of -18.14%
1/10/2024 FTSE Closed at 8276 points. Change of 0.49%. Total value traded through LSE was: £ 6,588,507,831 a change of -4.69%
30/09/2024 FTSE Closed at 8236 points. Change of -1.01%. Total value traded through LSE was: £ 6,912,406,295 a change of 9.55%
27/09/2024 FTSE Closed at 8320 points. Change of 0.43%. Total value traded through LSE was: £ 6,309,682,763 a change of -12.79%
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% 
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:HSBA HSBC** **LSE:JET Just Eat** **LSE:STAN Standard Chartered** **
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Updated charts published on : HSBC, Just Eat, Standard Chartered,
LSE:HSBA HSBC. Close Mid-Price: 691.8 Percentage Change: + 0.99% Day High: 696.5 Day Low: 679.9
Further movement against HSBC ABOVE 696.5 should improve acceleration tow ……..
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View Previous HSBC & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1156 Percentage Change: + 2.48% Day High: 1188 Day Low: 1124
Target met. Continued trades against JET with a mid-price ABOVE 1188 shou ……..
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View Previous Just Eat & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 828 Percentage Change: + 3.84% Day High: 832.6 Day Low: 792
Target met. Further movement against Standard Chartered ABOVE 832.6 shoul ……..
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View Previous Standard Chartered & Big Picture ***