#FTSE #JAPAN Sometimes, things just don’t go as expected and today, it is a shaggy dog story! For instance, taking our Golden Retriever for a walk on Tuesday managed to go about as wrong as a walk can. It was a perfect blue sky morning, the temperature -4c and a hard frost everywhere. Inevitably, I’d taken my camera, along with a new gadget, an electric body warmer waistcoat device. After parking the car at the gate to the field, it made sense to let the dog do her stuff while I took the battery from its USB charger in the car and plugged it into the waistcoat. This was followed by a waxed cotton jacket, gloves, a hat, ear buds and after a few minutes, I was finally ready. Completing the visual cliche, I even had my “shepherds crook type walking stick” (ideal to yank a sheep out of a bog or help a dog up a steep river bank), and called the animal back from her usual exploration of a stream which borders the field.
No dog in sight!
Usually, she wanders down the stream, emerging onto the main path at the point where there are three choices of direction. I was confident she wasn’t in the forest, the noise of machinery always ensuring she stayed clear of men with chainsaws. After deciding she’d probably headed down the dry streambed toward her favourite destination, the river, it made sense to follow the edge of the field while occasionally shouting out her name. At the river, there was no sign of the monster, so walking upstream to her favourite beach made sense as we usually spend time proving a “Retriever” is the worst use of false advertising. Golden Retrievers do not retrieve, at best showing exactly where a stone landed and sometimes even barking at it.
Panic now started to set in, now being around 1.5 miles away from the car. Making my way back to the field, another dog walker appeared and I asked if he’d seen my brute anywhere. It transpires he had, watching her being fully occupied chasing some deer at the very far side of the field. Rushing back, using the camera zoom at maximum, I could see some tiny Roe Deer congregated in one of the empty sheep pens and suspected my dog would be trying to find a way in. Inevitably, heading to the enclosure ensured I was spotted with the result the four deer levitated over the fence as if it wasn’t there, heading into the forest with barely a glance. Looking around, I could see my pet at the gate of the field, looking about as guilty as possible, the tip of her tail doing little “micro wags”. When called, she slunk about 100 yards with her head down, eventually sitting and leaning into my left leg. There was no point in giving her a row, it being clear she knew she’d screwed up. But when I tried to head back to the car, she stayed sitting, looking down the path toward the river, making it clear she still expected her daily walk. At this point, the poncy walking stick came into play, hooking under her collar as a rigid dog lead. Due to living in the country, our dogs are never trained to be “on the lead” and always regard this sort of thing as the ultimate humiliation. They don’t run wild, always having a perfect recall along with perfect walking manners.
Unless, of course, squirrel, deer, or hedgehogs (don’t ask) enter the equation in which case all training is forgotten while they once again prove why Golden Retrievers could never be hunting dogs. It’s now the case our back garden pair of snowy owls have started teasing this brute, when she approaches the forest at the top of the garden. Few things are funnier than watching one of the big owls swooping low over the dog, then perch on a branch to watch the explosion below. It transpires we’ve a neighbour who was an ‘owl wrangler’ for a well known movie franchise and she still keeps pet owls.
With the US election over, it appears Argyll is returning to a chaotic normal, the above story managing to consume the entire morning and according to my Samsung phone, giving the benefit of 9,000 steps while accomplishing absolutely nothing for several hours.
The behaviour of Wood Group share price has proven vaguely similar to the above monologue about how things can go wrong. When we wrote about Wood’s in March 2023, the share price was about 217p with our last paragraph ended with a ridiculous looking 38p! We didn’t believe the possibility and when the price hit 46p the other day, our eyebrows shot up…
There’s little doubt the share price is probably in the region where internet chatrooms are recommending “it will never be as cheap again”, and so on. Of course, the company also experienced a takeover bid a few years ago, just before everything went horribly wrong, and now there will be speculation this massive Engineering Consultant may once again be the target for takeover. From an immediate perspective, movements next below 46p now point at a potential rebound level of 41p. Should such a level break, the best we can do is propose an ultimate bottom of 13p.
If this share price intends claw its way out of trouble, we shall be inclined to regard above 56p as owning some potentials for triggering movement to an initial tame 58.7p. Should such a level be exceeded, our secondary works out at 67p with a third level ambition an eventual 80p. Visually, there’s a pretty big problem with these target levels as they come nowhere close to bettering the immediate short term Blue downtrend. Perhaps it shall prove to be the case where game changing news shall be required to actually gap the share price upward at the open. We will be inclined to view such a movement as extremely significant, one which should preface some proper price recovery 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 |
| 11:20:59PM | BRENT | 7310.8 | |||||||||
| 11:23:43PM | GOLD | 2633.64 | ‘cess | ||||||||
| 11:26:23PM | FTSE | 8099 | 8051 | 8016 | 7971 | 8087 | 8151 | 8163 | 8219 | 8107 | |
| 11:29:08PM | STOX50 | 4753.6 | ‘cess | ||||||||
| 11:31:46PM | GERMANY | 19068 | Success | ||||||||
| 11:02:17PM | US500 | 5919.9 | Shambles | ||||||||
| 11:04:51PM | DOW | 43329.3 | Success | ||||||||
| 11:07:34PM | NASDAQ | 20701.1 | ‘cess | ||||||||
| 11:10:29PM | JAPAN | 38452 | 38130 | 38078 | 37928 | 38327 | 38530 | 38753 | 39105 | 38241 | Success |
19/11/2024 FTSE Closed at 8099 points. Change of -0.12%. Total value traded through LSE was: £ 6,114,723,554 a change of -10.83%
18/11/2024 FTSE Closed at 8109 points. Change of 0.57%. Total value traded through LSE was: £ 6,857,494,541 a change of 25.41%
16/11/2024 FTSE Closed at 8063 points. Change of -0.1%. Total value traded through LSE was: £ 5,468,037,498 a change of 6.49%
14/11/2024 FTSE Closed at 8071 points. Change of 0.51%. Total value traded through LSE was: £ 5,134,648,719 a change of -9.92%
13/11/2024 FTSE Closed at 8030 points. Change of 0.06%. Total value traded through LSE was: £ 5,699,909,508 a change of -5.55%
12/11/2024 FTSE Closed at 8025 points. Change of -1.23%. Total value traded through LSE was: £ 6,035,103,629 a change of 29.75%
11/11/2024 FTSE Closed at 8125 points. Change of 0.66%. Total value traded through LSE was: £ 4,651,326,032 a change of -15.42% 
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:BME B & M** **LSE:CCL Carnival** **LSE:HSBA HSBC** **LSE:NWG Natwest** **
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Updated charts published on : B & M, Carnival, HSBC, Natwest,
LSE:BME B & M Close Mid-Price: 346 Percentage Change: -0.55% Day High: 352.2 Day Low: 341.5
In the event B & M experiences weakness below 341.5 it calculates with a ……..
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LSE:CCL Carnival. Close Mid-Price: 1767 Percentage Change: + 1.52% Day High: 1778.5 Day Low: 1694.5
All Carnival needs are mid-price trades ABOVE 1778.5 to improve accelerat ……..
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LSE:HSBA HSBC Close Mid-Price: 724.3 Percentage Change: -0.48% Day High: 730.6 Day Low: 712.6
In the event of HSBC enjoying further trades beyond 730.6, the share shou ……..
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LSE:NWG Natwest Close Mid-Price: 392 Percentage Change: -0.94% Day High: 398.3 Day Low: 387.1
Target met. Continued trades against NWG with a mid-price ABOVE 398.3 sho ……..
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View Previous Natwest & Big Picture ***