#Gold #Nasdaq It looks like we’re crawling toward an interesting end to the week. Equity markets, already reacting positively to Mr Trump’s victory in the USA, now will hopefully be able to frame a response to a cut in Interest Rates from both the UK and the USA. Popular theory suggests markets sometimes “Price In” these forces, due to them being leaked well in advance, but in the case of the FTSE, even by UK standards the index is toddling off in an entirely wrong direction to suggest anything positive may be happening.
Of course, the Presidential outcome from the USA may also be causing some fright abroad, due to the number of celebrities who’ve vowed to leave the country if Mr Trump wins. Never one to let a bandwagon go past without jumping on, even the ex Scottish PM Humza Youseless has said he will leave Scotland if Mr Trump wins, leaping onto a “leave the country” bandwagon containing Taylor Swift, Cher, Amy Schumer, Sam L Jackson, Barbra Streisand, Whoopi Goldberg, and a bunch of other complete nonentities who’ve discovered the true level of influence they wield with the public.
J D Wetherspoon have been in the news recently, warning of the damage a near £60mn jump in taxes and costs will do to their business, following the UK Budget. The Bank of England shall surely need accelerate the pace of rate cuts to mitigate the damage being done to business by a larcenous and lost UK government. In other words, a visit to your local Wetherspoon is going to be more expensive but on the bright side, you may almost be able to afford your mortgage.
For us to take any recovery in their share price as real, Wetherspoon needs exceed 712p to tick the first box of hope, calculating with the potential of an initial 778p with our secondary, if beaten, at a longer term 811p. This is quite a big deal, due to closure above 811p potentially triggering a Big Picture movement to 1140p and a need for us to revisit the numbers.
However, that’s about the end of the good news as the share price is in an extremely fraught position, where weakness below 595p threatens travel down to an initial 509p with our secondary, if broken, at 459p and a potential bottom level. Visually, this is currently quite an unhappy share price but then again, who’d run a pub?
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:09:16PM | BRENT | 7508.1 | Shambles | ||||||||
| 11:12:15PM | GOLD | 2662.47 | 2659 | 2651 | 2642 | 2670 | 2680 | 2699 | 2736 | 2660 | |
| 11:15:08PM | FTSE | 8169.7 | ‘cess | ||||||||
| 11:28:53PM | STOX50 | 4812.8 | Success | ||||||||
| 11:31:42PM | GERMANY | 19115 | ‘cess | ||||||||
| 11:34:36PM | US500 | 5929.6 | |||||||||
| 11:39:20PM | DOW | 43751 | Success | ||||||||
| 11:47:57PM | NASDAQ | 20778 | 20470 | 20330 | 20170 | 20607 | 20813 | 20859 | 21185 | 20663 | Success |
| 11:50:55PM | JAPAN | 39916 | 39417 | 39217 | 38902 | 39785 | 40162 | 40437 | 40774 | 39816 | Success |
6/11/2024 FTSE Closed at 8166 points. Change of -0.07%. Total value traded through LSE was: £ 7,838,528,249 a change of 73.08%
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% 
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:BME B & M** **LSE:CCL Carnival** **LSE:CNA Centrica** **LSE:DGE Diageo** **LSE:EZJ EasyJet** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **
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Updated charts published on : Barclays, B & M, Carnival, Centrica, Diageo, EasyJet, Gulf Keystone, Hikma, British Airways, Intercontinental Hotels Group, Marks and Spencer, Natwest, Rolls Royce, Spirax, Standard Chartered, The Trainline,
LSE:BARC Barclays. Close Mid-Price: 258.15 Percentage Change: + 5.41% Day High: 257.95 Day Low: 250.9
Target met. Further movement against Barclays ABOVE 257.95 should improve ……..
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View Previous Barclays & Big Picture ***
LSE:BME B & M Close Mid-Price: 383.1 Percentage Change: -1.84% Day High: 395.2 Day Low: 382.9
In the event B & M experiences weakness below 382.9 it calculates with a ……..
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View Previous B & M & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 1681.5 Percentage Change: + 7.89% Day High: 1690 Day Low: 1577.5
Target met. Further movement against Carnival ABOVE 1690 should improve a ……..
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View Previous Carnival & Big Picture ***
LSE:CNA Centrica Close Mid-Price: 115.25 Percentage Change: -0.35% Day High: 116.35 Day Low: 113
If Centrica experiences continued weakness below 113, it will invariably ……..
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View Previous Centrica & Big Picture ***
LSE:DGE Diageo Close Mid-Price: 2306 Percentage Change: -2.49% Day High: 2396 Day Low: 2288
Target met. In the event Diageo experiences weakness below 2288 it calcul ……..
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View Previous Diageo & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 534.4 Percentage Change: -0.45% Day High: 550.8 Day Low: 533.8
Target met. Continued trades against EZJ with a mid-price ABOVE 550.8 sho ……..
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View Previous EasyJet & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 135.5 Percentage Change: + 2.89% Day High: 143.3 Day Low: 133.6
Target met. Further movement against Gulf Keystone ABOVE 143.3 should imp ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1772 Percentage Change: -2.64% Day High: 1855 Day Low: 1776
Target met. In the event Hikma experiences weakness below 1776 it calcula ……..
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View Previous Hikma & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 221.8 Percentage Change: + 3.02% Day High: 223.4 Day Low: 217.8
Target met. Continued trades against IAG with a mid-price ABOVE 223.4 sho ……..
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View Previous British Airways & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 9002 Percentage Change: + 5.24% Day High: 9078 Day Low: 8712
Target met. In the event of Intercontinental Hotels Group enjoying furthe ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 398.2 Percentage Change: + 3.83% Day High: 415.2 Day Low: 391.1
Target met. Further movement against Marks and Spencer ABOVE 415.2 should ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 390.3 Percentage Change: + 0.93% Day High: 396.6 Day Low: 384.9
All Natwest needs are mid-price trades ABOVE 396.6 to improve acceleratio ……..
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View Previous Natwest & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 574 Percentage Change: + 2.50% Day High: 592 Day Low: 570
Continued trades against RR. with a mid-price ABOVE 592 should improve th ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 6375 Percentage Change: -2.07% Day High: 6660 Day Low: 6375
Weakness on Spirax below 6375 will invariably lead to 6213p with secondar ……..
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View Previous Spirax & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 942.8 Percentage Change: + 1.14% Day High: 952.4 Day Low: 929.8
Target met. Further movement against Standard Chartered ABOVE 953 should ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TRN The Trainline Close Mid-Price: 396.8 Percentage Change: -0.80% Day High: 408.2 Day Low: 394.6
All The Trainline needs are mid-price trades ABOVE 408.2 to improve accel ……..
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View Previous The Trainline & Big Picture ***