#FTSE #STOXX The idea of going on a cruise is something which personally is abhorrent. We see these floating tower blocks reminiscent of council flats in Glasgow arriving locally at Greenock, fleeing to somewhere nicer on the next outgoing tide. But no stretch of the imagination could “Greenock/Gourock” be described as an attractive destination. It provides quite literally, the end of the line for the rail network from the city and like so many places finding themselves in such a situation, the word “charm” rarely can be applied to an area. Of course, when a cruise ship arrives at Greenock, there’s an indecent rush to load tourists onto tours to get them out of the town. This isn’t being written to produce an inflammatory response, due to most folk in the town dreaming of the time they can escape.
However, 2024 has seen record numbers of Carnival cruise ships visiting the town across the estuary from us and perhaps in celebration of this, Carnival share price has finally wandered above their Blue downtrend since 2017. Of course, such optimism may be due to complaints of Carnival “not taking prisoners” with the prices now charged for products on board ship. Bottled water has attracted serious venom, the purchase price apparently increased by 200% since 2020.
Surprisingly, during the cruise season, we also had the unusual experience of a cruise liner literally parking outside our bedroom window. This one was fairly tasteful visually and it disembarked hundreds of tourists to visit a local Victorian ornamental garden, along with a speciality tree museum just along the road. Apparently this departure from normality was a success with more visits allegedly planned for 2025. The odd thing is, such an event was hardly new as during the 19th century, paddle steamers from Glasgow would stop outside, passengers walking alongside our garden stream and up a staircase to visit the ornamental gardens established by the Lyle family of Tate & Lyle fame. Some of the passengers could even go further up the hill to catch a coach & horses which would meet up with another paddle steamer, this time heading up a fresh water loch before they again disembarked and were coached a few miles to once again be punished by catching a further paddle steamer to Inverarey. The idea of cruises certainly seems to be firmly engrained in peoples attitude, the only immediate memory locally being a very solid pier, a quartz archway at the front of our garden, and the bridge below the base of our waterfall, a massive single stone slab of granite sufficiently wide for several people to walk side by side.
So, if optimism is indeed to be the order for the future and people are indeed happy to cram themselves into floating petri dishes, we should now look positively at Carnival share price potentials for the future.
First, panic shall be justified if the share price opts to close below 1381p, something which is visually unlikely.
Instead, above 1490p now looks capable of promoting a lift to an initial 1560p with our secondary, if beaten, calculating at a useful 1766p. Historically, during 2021 saw the share price stall at such a secondary level and we’d have every suspicion this shall happen again, causing some stutters in a rising cycle. However, current price movements allow us to propose a third level ambition if the price closes above this secondary of 1766p as it opens the door for a future attempt at 2718p.
If things intend go wrong, below 1381 looks troubling, allowing for price reversals to an eventual 694p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:49:05PM | BRENT | 7451.5 | ‘cess | ||||||||
| 10:52:44PM | GOLD | 2662.06 | Shambles | ||||||||
| 10:56:19PM | FTSE | 8231.4 | 8229 | 8198 | 8153 | 8261 | 8275 | 8293 | 8314 | 8249 | Success |
| 11:07:20PM | STOX50 | 4926.6 | 4914 | 4896 | 4840 | 4940 | 4984 | 4997 | 5025 | 4944 | Success |
| 11:09:58PM | GERMANY | 19473 | |||||||||
| 11:12:55PM | US500 | 5818.4 | Success | ||||||||
| 11:15:49PM | DOW | 42746 | |||||||||
| 11:19:48PM | NASDAQ | 20177.2 | |||||||||
| 11:23:09PM | JAPAN | 38998 | Success |
15/10/2024 FTSE Closed at 8249 points. Change of -0.52%. Total value traded through LSE was: £ 5,959,303,789 a change of 44.82%
14/10/2024 FTSE Closed at 8292 points. Change of 0.47%. Total value traded through LSE was: £ 4,114,889,557 a change of -0.88%
11/10/2024 FTSE Closed at 8253 points. Change of 0.19%. Total value traded through LSE was: £ 4,151,259,780 a change of -12.55%
10/10/2024 FTSE Closed at 8237 points. Change of -0.07%. Total value traded through LSE was: £ 4,747,138,967 a change of 12.51%
9/10/2024 FTSE Closed at 8243 points. Change of 0.65%. Total value traded through LSE was: £ 4,219,173,545 a change of -36.61%
8/10/2024 FTSE Closed at 8190 points. Change of -1.36%. Total value traded through LSE was: £ 6,655,496,813 a change of 41.95%
7/10/2024 FTSE Closed at 8303 points. Change of 0.28%. Total value traded through LSE was: £ 4,688,627,065 a change of -10.63% 
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:CCL Carnival** **LSE:CPI Capita** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:MKS Marks and Spencer** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **
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Updated charts published on : Carnival, Capita, MAN, EasyJet, Intercontinental Hotels Group, ITM Power, Marks and Spencer, Rolls Royce, Spirax,
LSE:CCL Carnival. Close Mid-Price: 1477 Percentage Change: + 5.42% Day High: 1490 Day Low: 1410
Target met. Continued trades against CCL with a mid-price ABOVE 1490 shou ……..
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View Previous Carnival & Big Picture ***
LSE:CPI Capita. Close Mid-Price: 21.25 Percentage Change: + 4.68% Day High: 21.35 Day Low: 20.2
Further movement against Capita ABOVE 21.35 should improve acceleration t ……..
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View Previous Capita & Big Picture ***
LSE:EMG MAN Close Mid-Price: 211.6 Percentage Change: -1.31% Day High: 211.4 Day Low: 203.8
Target met. Continued weakness against EMG taking the price below 203.8 c ……..
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View Previous MAN & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 518 Percentage Change: + 3.15% Day High: 526.6 Day Low: 509.8
Target met. Continued trades against EZJ with a mid-price ABOVE 526.6 sho ……..
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View Previous EasyJet & Big Picture ***
LSE:IHG Intercontinental Hotels Group Close Mid-Price: 8424 Percentage Change: -0.66% Day High: 8574 Day Low: 8418
Further movement against Intercontinental Hotels Group ABOVE 8574 should ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 45.04 Percentage Change: -1.18% Day High: 46.82 Day Low: 43.5
Weakness on ITM Power below 43.5 will invariably lead to 41p with seconda ……..
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View Previous ITM Power & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 386.7 Percentage Change: + 1.07% Day High: 387.6 Day Low: 382.9
Target met. Continued trades against MKS with a mid-price ABOVE 387.6 sho ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 540.6 Percentage Change: + 0.37% Day High: 548.6 Day Low: 532.6
Target met. Further movement against Rolls Royce ABOVE 548.6 should impro ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 6665 Percentage Change: -3.75% Day High: 7070 Day Low: 6710
Target met. Weakness on Spirax below 6710 will invariably lead to 6485p w ……..
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View Previous Spirax & Big Picture ***