#FTSE #SP500 As a fairly long term fanboy of Elon Must, this week has seen me devour two biography titles by Eric Berger, the first one being “Liftoff” and the second being “Reentry”, both titles dealing entirely with the story of SpaceX and how close Mr Musk came to losing everything at one point. In terms of entertainment, the book Liftoff was fascinating and extremely readable, though the writer had a tendency to hero worship each and every member of the SpaceX team. The second book is a little harder to consume as there’s more than a whiff of “how much can I milk this” from the writer as he draws heavily from the first book. Maybe it will improve as I’m only half way through but reading both titles, literally back to back, was perhaps a mistake.
Aside from this, Mr Musk remains an extraordinary individual, capable of pushing himself at a ridiculous rate. With him currently involved in the US Election, while running Twitter, SpaceX and Tesla, the man certainly doesn’t have a track record of backing losers, freely admitting Twitter performance continues to surprise him as he hadn’t expected to make money from the purchase!
The US Election and SpaceX, along with an obvious attempt to pad out an article with a diversion, this also has a lot to do with Enquest, simply due to the company share price often moving in concert with the price of crude oil. It feels like uncertainty over the results of the US election shall promote some gains in the price of oil, regardless of the victor. When we match this with the fact their share price recently wandered through a surprise Blue downtrend since 2014, the value has reacted with a degree of logic, creating an interesting situation.
Next above just 12.87p should promote near term gains to an initial 14p, along with the potential for some hesitation. However, share price closure above 14p shall be key for the Big Picture, hopefully enabling a chance for a price rise to 16.5p, along with the share price finding itself drifting in an orbit where an attraction shall apparently be coming from 22p in the future.
Should things intend go wrong, below 11p could be quite troubling, triggering reversal to an initial 7 with secondary at 5.25p. Visually, such a scenario appears unlikely.
For now, we’re fairly optimistic for Enquest.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:08:42PM | BRENT | 7538 | ‘cess | ||||||||
| 11:11:49PM | GOLD | 2738.24 | ‘cess | ||||||||
| 11:15:18PM | FTSE | 8183.2 | 8148 | 8131 | 8094 | 8186 | 8217 | 8262 | 8326 | 8171 | Shambles |
| 11:22:36PM | STOX50 | 4879.8 | ‘cess | ||||||||
| 11:25:43PM | GERMANY | 19317.7 | Success | ||||||||
| 11:28:10PM | US500 | 5815.5 | 5751 | 5740 | 5714 | 5786 | 5796 | 5825 | 5868 | 5766 | |
| 11:33:56PM | DOW | 42486.9 | Success | ||||||||
| 11:37:41PM | NASDAQ | 20296 | |||||||||
| 11:41:01PM | JAPAN | 39010 |
5/11/2024 FTSE Closed at 8172 points. Change of -0.15%. Total value traded through LSE was: £ 4,528,854,324 a change of 6.29%
4/11/2024 FTSE Closed at 8184 points. Change of 0.09%. Total value traded through LSE was: £ 4,260,964,543 a change of -16.92%
1/11/2024 FTSE Closed at 8177 points. Change of 0.83%. Total value traded through LSE was: £ 5,128,610,563 a change of -23.79%
31/10/2024 FTSE Closed at 8110 points. Change of -0.6%. Total value traded through LSE was: £ 6,729,759,967 a change of 2.02%
30/10/2024 FTSE Closed at 8159 points. Change of -0.73%. Total value traded through LSE was: £ 6,596,818,520 a change of 3.77%
29/10/2024 FTSE Closed at 8219 points. Change of -0.8%. Total value traded through LSE was: £ 6,356,988,335 a change of 37.02%
28/10/2024 FTSE Closed at 8285 points. Change of 1.68%. Total value traded through LSE was: £ 4,639,447,546 a change of -2.07% 
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:DGE Diageo** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **
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Updated charts published on : Diageo, EasyJet, Hikma, Standard Chartered, The Trainline,
LSE:DGE Diageo Close Mid-Price: 2365 Percentage Change: -0.63% Day High: 2382.5 Day Low: 2355.5
Continued weakness against DGE taking the price below 2355.5 calculates a ……..
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View Previous Diageo & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 536.8 Percentage Change: + 2.36% Day High: 536.2 Day Low: 520.6
Further movement against EasyJet ABOVE 536.2 should improve acceleration ……..
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View Previous EasyJet & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1820 Percentage Change: -1.94% Day High: 1862 Day Low: 1821
Target met. Weakness on Hikma below 1821 will invariably lead to 1789p wi ……..
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View Previous Hikma & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 932.2 Percentage Change: + 1.35% Day High: 933.8 Day Low: 915
In the event of Standard Chartered enjoying further trades beyond 933.8, ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TRN The Trainline. Close Mid-Price: 400 Percentage Change: + 0.76% Day High: 400.8 Day Low: 392.2
Target met. Further movement against The Trainline ABOVE 400.8 should imp ……..
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View Previous The Trainline & Big Picture ***