#FTSE #DOW In a week with more than its fair share of silly happening on the markets, the market close on Thursday revealed something we’ve never seen before. To set the background, my wife had taken the cat and dog to the vets, one to get its claws trimmed, the other to have an ear infection treated. It’s safe to say neither animal was particularly a fan of their treatment and when ,my wife unloaded them, the cat which always ignores me by mutual agreement, came through to the office with the dog, both wimps making themselves comfortable under my desk while I watched the final 30 minutes of trade. Over the years, neither animal has paid attention to the other but the mutual misery of a visit to the vet seemed to bring something new.
While it was obvious they both were hiding from my wife, the warmth and silence below the desk made them look extremely comfortable and it was only at dinnertime around 7pm did they deign to once again visit the lounge, reverting to type, completely ignoring each other. But tonight at bed-time, the dog is in her usual position curled up on my armchair and the cat has made herself comfortable under the Golden Retrievers tail. It has “only” taken 7 years for this miracle, the cat now aged 21 years and the dog 11 years.
Obviously, the theme behind this suggests, no matter how intransigent the markets feel, sometimes the unexpected can happen. Unfortunately, we’re not convinced what happened on Thursday (aside from the cat and dog) represented a reasonable excuse for optimism.
The problem was the FTSE closed the day at 8385.13 points. When we throw our trend software at the Blue line on the chart, the market was required to close above 8386.875 points to secure a place in a zone where some proper recovery is probable. The difference between the two ambitions is obviously minimal but we get nervous, when the markets expend effort in preventing a price moving upward. This has, for instance, created a situation for Friday where the visuals imply it should be a day of gains for the FTSE but we smell a rat.
Currently, below 8350 risks triggering some reversals to an initial 8316 points with our secondary, if broken, a hopeful bottom of 8248 points. If triggered, the tightest stop looks like 8396 points.
If things intend provide a happy day, above 8396 calculates with the potential of a lift to 8412 points with our secondary, if beaten, at 8494 and complete change of circumstances for the longer term.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:03:59PM | BRENT | 7424 | 7311 | 7134 | 7478 | 7552 | 7606 | 7373 | |||
| 11:33:20PM | GOLD | 2692.33 | 2673 | 2665 | 2690 | 2698 | 2708 | 2684 | Success | ||
| 11:36:23PM | FTSE | 8379.4 | 8321 | 8298 | 8364 | 8398 | 8407 | 8370 | Shambles | ||
| 11:38:38PM | STOX50 | 4947.1 | 4902 | 4881 | 4930 | 4974 | 4986 | 4940 | |||
| 11:42:00PM | GERMANY | 19579.8 | 19402 | 19323 | 19506 | 19680 | 19699 | 19541 | Success | ||
| 11:37:47PM | US500 | 5850.6 | 5804 | 5793 | 5848 | 5882 | 5894 | 5856 | Success | ||
| 11:40:20PM | DOW | 43260.9 | 43000 | 42883 | 43161 | 43296 | 43402 | 43119 | ‘cess | ||
| 11:42:41PM | NASDAQ | 20239 | 20184 | 20128 | 20276 | 20424 | 20566 | 20314 | Success | ||
| 11:45:10PM | JAPAN | 39189 | 38760 | 38389 | 39050 | 39420 | 39593 | 39175 |
17/10/2024 FTSE Closed at 8385 points. Change of 0.67%. Total value traded through LSE was: £ 5,311,482,750 a change of -18.88%
16/10/2024 FTSE Closed at 8329 points. Change of 0.97%. Total value traded through LSE was: £ 6,547,715,770 a change of 9.87%
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% 
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:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:CPI Capita** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:RR. Rolls Royce** **
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Updated charts published on : Barclays, BALFOUR BEATTY, Carnival, Centamin, Capita, EasyJet, Fresnillo, British Airways, Intercontinental Hotels Group, ITM Power, Lloyds Grp., Marks and Spencer, Rolls Royce,
LSE:BARC Barclays. Close Mid-Price: 245.1 Percentage Change: + 3.40% Day High: 246 Day Low: 237.85
Target met. Continued trades against BARC with a mid-price ABOVE 246 shou ……..
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View Previous Barclays & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 455.4 Percentage Change: + 1.24% Day High: 456.2 Day Low: 449.4
Further movement against BALFOUR BEATTY ABOVE 456.2 should improve accele ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:CCL Carnival Close Mid-Price: 1493 Percentage Change: -0.07% Day High: 1520 Day Low: 1484.5
Target met. In the event of Carnival enjoying further trades beyond 1520, ……..
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View Previous Carnival & Big Picture ***
LSE:CEY Centamin. Close Mid-Price: 164.5 Percentage Change: + 4.58% Day High: 166.1 Day Low: 155.1
All Centamin needs are mid-price trades ABOVE 166.1 to improve accelerati ……..
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View Previous Centamin & Big Picture ***
LSE:CPI Capita. Close Mid-Price: 21.65 Percentage Change: + 0.70% Day High: 21.85 Day Low: 21.45
In the event of Capita enjoying further trades beyond 21.85, the share sh ……..
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View Previous Capita & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 524.8 Percentage Change: -0.49% Day High: 530.6 Day Low: 520.2
All EasyJet needs are mid-price trades ABOVE 530.6 to improve acceleratio ……..
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View Previous EasyJet & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 684.5 Percentage Change: + 2.32% Day High: 687 Day Low: 664.5
Target met. Continued trades against FRES with a mid-price ABOVE 687 shou ……..
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View Previous Fresnillo & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 213 Percentage Change: + 0.47% Day High: 214.9 Day Low: 211
Target met. Further movement against British Airways ABOVE 214.9 should ……..
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View Previous British Airways & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 8598 Percentage Change: + 0.42% Day High: 8622 Day Low: 8504
In the event of Intercontinental Hotels Group enjoying further trades bey ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 42.22 Percentage Change: -2.09% Day High: 43.74 Day Low: 42.02
Continued weakness against ITM taking the price below 42.02 calculates as ……..
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View Previous ITM Power & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 61.86 Percentage Change: + 1.08% Day High: 61.86 Day Low: 61.06
Continued trades against LLOY with a mid-price ABOVE 61.86 should improve ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 390.8 Percentage Change: -0.66% Day High: 394.2 Day Low: 388.8
All Marks and Spencer needs are mid-price trades ABOVE 394.2 to improve a ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 569 Percentage Change: + 1.61% Day High: 572.6 Day Low: 560.2
Target met. All Rolls Royce needs are mid-price trades ABOVE 572.6 to imp ……..
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View Previous Rolls Royce & Big Picture ***