It looks like we should be enjoying a reasonable end to November as the markets appear to be twitching upward in preparation for the next 5 days. What’s a bit interesting about this is the level of patience probably required as we’ve been waiting all year for this movement. But the problem is actually much harder to swallow, due to a movement in February of this year which “gapped” the share price of Barclays up above Blue with a spectacular jump from 149p to 157p at the open. This Blue line started in February 2007, a mere 17 years earlier but the market obviously felt it was a hurdle to jump over. We’re probably being a little daft as waiting 9 months for something significant to happen, after being impatient for the prior 17 years, is expecting miracles too soon.
But hey, it’s nearly Xmas and this weekend has seen an outbreak of garden lights and Christmas trees all over the place. Given the appalling weather, we suspect in many cases we were just seeing last years lights turned on again, making us wonder if this was the cause of repeat power failures over the last few days. Unusually, Saturday managed to ambush me with a different occasion for a power cut. Usually, it happens just before I save something important on a computer but this time, I was making onion soup, in the critical phase of browning the bottom of the pot to achieve the critically nutty flavour. An immediate rush out to the garden followed, uncovering the gas BBQ, lighting the hot plate side, and closing the shiny steel lid for 30 minutes or so. It was certainly the first time I’d made soup on the BBQ, terrified my OCD method for making French Onion Soup would be ruined by risking a change to the production method.
There was no need for panic as several hours later, the wine content reduced by 2 inches of simmering, the soup was once again perfect and this time, there was a degree of inspiration toward making it outside in the future as my wife – always fanatical for the first bowl – always provides a stream of “suggestions” as I make it. To be fair, my only “secret” is to add two bottles of wine before reducing the liquid quite aggressively. Of course, the real secret is the motivation, due to making soup excusing me from any involvement in Christmas dinner. The only sad thing, Saturdays batch was to take to a chum who’s not expected to see Christmas this year. Some folk will do anything to avoid Xmas shopping…
Returning to Barclays, their share price has certainly nudged into the “hopeful” area of charts. Movement next above 265p now points at share price recovery to an initial 289p with our secondary, if bettered, at 313p. Obviously, the fairly close proximity of these target levels implies the possibility of another plateau level. Visually, this makes some sense but overall, we shall not be able to dodge the concept of a long term 404p as exerting an eventual attraction.
If trouble is planned, below 237 should give an initial justification for panic, possibly a precursor for reversal to an eventual bottom of 175p! Currently nothing suggests this.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 10:08:02PM | JAPAN | 38572 | 38446 | |||||||
| 10:03:11PM | NASDAQ | 20800 | 20650 | |||||||
| 9:56:28PM | DOW | 44338.5 | 44140 | |||||||
| 9:51:35PM | US500 | 5971.6 | 5922 | 5912 | 5891 | 5947 | 5975 | 5987 | 6040 | 5943 |
| 9:48:06PM | GERMANY | 19349 | 19270 | |||||||
| 9:42:11PM | STOX50 | 4796 | 4782 | |||||||
| 9:38:48PM | FTSE | 8271.4 | 8255 | |||||||
| 9:35:12PM | GOLD | 2715.59 | 2684 | |||||||
| 9:27:21PM | BRENT | 7455.2 | 7298 | 7257 | 7180 | 7388 | 7467 | 7487 | 7550 | 7439 |
22/11/2024 FTSE Closed at 8262 points. Change of 1.39%. Total value traded through LSE was: £ 5,037,419,096 a change of -5.47%
21/11/2024 FTSE Closed at 8149 points. Change of 0.79%. Total value traded through LSE was: £ 5,329,138,992 a change of 5.3%
20/11/2024 FTSE Closed at 8085 points. Change of -0.17%. Total value traded through LSE was: £ 5,060,732,508 a change of -17.24%
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% 
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:CCL Carnival** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:STAN Standard Chartered** **
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Updated charts published on : Carnival, HSBC, British Airways, Intercontinental Hotels Group, Natwest, Ocado Plc, Standard Chartered,
LSE:CCL Carnival Close Mid-Price: 1788.5 Percentage Change: -1.27% Day High: 1823.5 Day Low: 1781
In the event of Carnival enjoying further trades beyond 1823.5, the share ……..
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View Previous Carnival & Big Picture ***
LSE:HSBA HSBC Close Mid-Price: 724.4 Percentage Change: -0.34% Day High: 732.1 Day Low: 717.6
Target met. Further movement against HSBC ABOVE 732.1 should improve acce ……..
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View Previous HSBC & Big Picture ***
LSE:IAG British Airways Close Mid-Price: 246 Percentage Change: -0.16% Day High: 247 Day Low: 242.7
In the event of British Airways enjoying further trades beyond 247, the ……..
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View Previous British Airways & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 9670 Percentage Change: + 0.27% Day High: 9762 Day Low: 9618
Target met. Continued trades against IHG with a mid-price ABOVE 9762 shou ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:NWG Natwest Close Mid-Price: 390.7 Percentage Change: -2.45% Day High: 404.3 Day Low: 385.8
In the event of Natwest enjoying further trades beyond 404.3, the share s ……..
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View Previous Natwest & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 306.1 Percentage Change: -0.20% Day High: 313.3 Day Low: 300.4
If Ocado Plc experiences continued weakness below 300.4, it will invariab ……..
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View Previous Ocado Plc & Big Picture ***
LSE:STAN Standard Chartered Close Mid-Price: 945.6 Percentage Change: -1.40% Day High: 969.4 Day Low: 920.2
In the event of Standard Chartered enjoying further trades beyond 969.4, ……..
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View Previous Standard Chartered & Big Picture ***