#FTSE #GOLD It seems every day this week has provided an example of how ridiculous life can be here in Argyll. Today, Thursday, out of no-where, another silly incident occurred, a company delivering 100kg packages which the vendor had refunded, the courier claimed had been delivered on Monday, and the guy in the delivery van telling he’d been assigned it early in the morning. So many people lied about the package this week with copious emails it has become tempting to say nothing and see who squeaks first and admits they lied repeatedly. But meanwhile, I’ve got some really big boxes to open.
It has been that sort of week and it still looks like the weather shall cancel our shooting competition against a grand-child who’s planning to win.
The only thing stranger than living in Argyll is watching the UK markets. The AIM in particular has, since 2022, carefully proven not to be mimicking Lemmings. Instead, it has pained a picture where the Lemmings have carefully walked downhill and now, spend their time knocking their heads against the cliff.
The situation for the AIM now requires the index to exceed 755 to provoke (hopefully) a visit to an initial 770 with our secondary, if bettered, at 817 points. Visually, it appears more likely the AIM shall continue heading downhill as movement below 720 next looks capable of visiting an initial 700 and hopefully a real bounce. Things certainly get dangerous if the index manages to close below 700 points as our secondary target of 664 becomes possible, along with trapping the market in a muddy place.
As for the FTSE, the index is showing slight signs of becoming useful, despite having trapped itself in a trench since the start of September. It is currently the case where above 8352 should next promote recovery to an initial 8397 points with our secondary, if beaten, a quite amazing 8473 points, taking the index out of the zone in which it currently languishes. If triggered, the tightest stop loss is a bit painful at 8305 points.
If things intend go wrong, below 8250 looks troubling, calculating with the potential of reversal to an initial 8193 points with our secondary, if broken, at 8114 points.
In summary, Friday looks boring but as one of our favourite Grand Prix is on this weekend (Mexico), there’s almost something to look forward to.
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 |
| 10:26:44PM | BRENT | 7417 | 7376 | 7339 | 7445 | 7541 | 7583 | 7418 | ‘cess | ||
| 10:29:16PM | GOLD | 2734.24 | 2720 | 2712 | 2735 | 2744 | 2748 | 2731 | |||
| 10:31:16PM | FTSE | 8278.8 | 8259 | 8238 | 8294 | 8340 | 8358 | 8301 | |||
| 11:29:06PM | STOX50 | 4932.2 | 4917 | 4898 | 4935 | 4970 | 4989 | 4950 | ‘cess | ||
| 11:33:26PM | GERMANY | 19434 | 19395 | 19356 | 19468 | 19559 | 19593 | 19461 | ‘cess | ||
| 11:37:00PM | US500 | 5810.5 | 5783 | 5765 | 5803 | 5831 | 5850 | 5808 | ‘cess | ||
| 11:40:15PM | DOW | 42384.9 | 42191 | 42014 | 42427 | 42354 | 42668 | 42413 | |||
| 11:43:10PM | NASDAQ | 20225 | 19934 | 19812 | 20106 | 20284 | 20346 | 20176 | |||
| 11:46:30PM | JAPAN | 38094 | 37827 | 37704 | 37986 | 37287 | 38371 | 38052 |
24/10/2024 FTSE Closed at 8269 points. Change of 0.13%. Total value traded through LSE was: £ 5,029,789,282 a change of 1.28%
23/10/2024 FTSE Closed at 8258 points. Change of -0.58%. Total value traded through LSE was: £ 4,966,414,850 a change of 16.11%
22/10/2024 FTSE Closed at 8306 points. Change of -0.14%. Total value traded through LSE was: £ 4,277,437,819 a change of 11.53%
21/10/2024 FTSE Closed at 8318 points. Change of -0.48%. Total value traded through LSE was: £ 3,835,225,981 a change of -24.37%
18/10/2024 FTSE Closed at 8358 points. Change of -0.32%. Total value traded through LSE was: £ 5,071,129,740 a change of -4.53%
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% 
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:IQE IQE** **LSE:ITM ITM Power** **LSE:STAN Standard Chartered** **
********
Updated charts published on : Barclays, BALFOUR BEATTY, IQE, ITM Power, Standard Chartered,
LSE:BARC Barclays. Close Mid-Price: 248.05 Percentage Change: + 4.16% Day High: 251.25 Day Low: 240.9
Target met. All Barclays needs are mid-price trades ABOVE 251.25 to impro ……..
</p
View Previous Barclays & Big Picture ***
LSE:BBY BALFOUR BEATTY Close Mid-Price: 445 Percentage Change: -0.89% Day High: 458 Day Low: 443.6
All BALFOUR BEATTY needs are mid-price trades ABOVE 458 to improve accele ……..
</p
View Previous BALFOUR BEATTY & Big Picture ***
LSE:IQE IQE Close Mid-Price: 15 Percentage Change: -1.45% Day High: 15.7 Day Low: 14.96
Target met. Continued weakness against IQE taking the price below 14.96 c ……..
</p
View Previous IQE & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 40 Percentage Change: -1.28% Day High: 41.88 Day Low: 40
If ITM Power experiences continued weakness below 40, it will invariably ……..
</p
View Previous ITM Power & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 859 Percentage Change: + 1.99% Day High: 861.2 Day Low: 840.2
Target met. Further movement against Standard Chartered ABOVE 861.2 shoul ……..
</p
View Previous Standard Chartered & Big Picture ***