#FTSE #WALLST We have to admit, it’s officially Christmas. Firstly, a quite amazing number of garden illuminations popped up over the weekend. Secondly, surprising numbers of houses appear to be sporting two trees internally, the inevitable window display along with another one in another room. And third, most importantly, we’ve heard the Slade “Merry Xmas” tune repeatedly and regard this as the most accurate bellwether as to the presence of the Festive season. To amuse ourselves, we took a straw poll of nieces, nephews, and grand-daughters last year, asking their opinion of which Xmas song was their favourite. Slade, perhaps inevitably, still topped the list but in second place was a real surprise, Bing Crosby singing White Christmas! The children disgraced themselves with their 3rd place choice, Wizard and “I Wish It Could Be Christmas Every Day”. Our only conclusion was they liked fun tunes but were also not averse to a comfort blanket for their ears.
So, with the season of socially enforced happiness upon us, Easyjet managed to produce a set of positive results which give considerable hope for next year. Their fleet has dodged the trauma of the Boeing 737 derivatives shambles, along with their fleet of Airbus airplanes being fitted with CFM jet engines, a company once known as General Electric until their tie up with a French company. Easyjets competition, flying Boeing 737 derivatives, all use Pratt & Whitney engines, a company which was plagued with supply chain issues and now, an announcement 1200 of their engines need removed for inspection due to a “rare condition” which contaminated the powder coating of metals, causing cracks to form on important bits and pieces, never a good thing inside a passenger jet engine.
This has resulted in a sweet situation for Easyjet, flying Airbus 320 derivatives powered by CFM engines. The aircraft don’t exactly have a terrible reputation and given they are powered by CFM, a reasonable pedigree for reliability exists. Pity they didn’t choose the top of the engine class, Rolls Royce, but Rolls Royce don’t seem terribly interested in targeting the single passenger aisle segment.
Visually, the current implication suggests further happy times may be ahead for Easyjet. Our only worry is, despite our prior target of 540p, the share price certainly exceeded it on a daily basis but assiduously avoided closing above this target level, except for November 11th. We suspect this may be a calibration error at our end as the overshoot to 542p wasn’t any sort of visual big deal. This was proven out on the 27th, when it was spiked to 564p at the open before reversing to 531p as the day dragged on.
The situation now hints at movements below 531 triggering reversal top an initial 503p with our longer term secondary, if broken, at an eventual bottom of 460p. Certainly, once we introduced 540 as a target level, this share price has tended regard it as an inviolate level.
However, if we chose to work on the festive side of life and apply a positive twist to the future, Easyjet share price now exceeding 564p should trigger gains to an initial 585p with our secondary, if beaten, at 685p. This is quite a big deal from a big picture perspective as the share only needs closure above 708p to move into a zone where some seriously strong gains are possible.
Finally, for our readers across the puddle in the USA, enjoy your turkey day. This year at Christmas, we are making Spanish China Tapas, essentially Tapas dishes with a large variety of Chinese choices, all without turkey which has been price gouged UP 29% for Thanksgiving.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:00:50PM | BRENT | 7237 | |||||||||
| 11:04:46PM | GOLD | 2636.57 | ‘cess | ||||||||
| 11:08:04PM | FTSE | 8271.6 | 8257 | 8249 | 8238 | 8270 | 8282 | 8298 | 8319 | 8270 | Shambles |
| 11:16:29PM | STOX50 | 4745 | Success | ||||||||
| 11:18:59PM | GERMANY | 19313 | Success | ||||||||
| 11:23:22PM | US500 | 6006.5 | |||||||||
| 11:28:45PM | DOW | 44782 | 44692 | 44587 | 44447 | 44780 | 44834 | 44897 | 44967 | 44770 | ‘cess |
| 11:36:55PM | NASDAQ | 20789 | ‘cess | ||||||||
| 11:42:16PM | JAPAN | 38018 | ‘cess |
27/11/2024 FTSE Closed at 8274 points. Change of 0.19%. Total value traded through LSE was: £ 5,225,979,725 a change of 8.57%
26/11/2024 FTSE Closed at 8258 points. Change of -0.4%. Total value traded through LSE was: £ 4,813,247,138 a change of -58.36%
25/11/2024 FTSE Closed at 8291 points. Change of 0.35%. Total value traded through LSE was: £ 11,560,117,120 a change of 129.48%
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% 
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:AML Aston Martin** **LSE:BT.A British Telecom** **LSE:EZJ EasyJet** **LSE:GKP Gulf Keystone** **LSE:IAG British Airways** **LSE:JET Just Eat** **LSE:RKH Rockhopper** **LSE:STAN Standard Chartered** **
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Updated charts published on : Aston Martin, British Telecom, EasyJet, Gulf Keystone, British Airways, Just Eat, Rockhopper, Standard Chartered,
LSE:AML Aston Martin Close Mid-Price: 102 Percentage Change: -5.47% Day High: 105.2 Day Low: 98.05
Target met. Weakness on Aston Martin below 98.05 will invariably lead to ……..
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View Previous Aston Martin & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 158.5 Percentage Change: + 1.50% Day High: 159.8 Day Low: 156.45
Further movement against British Telecom ABOVE 159.8 should improve accel ……..
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View Previous British Telecom & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 538.2 Percentage Change: -0.41% Day High: 564 Day Low: 531.4
Target met. All EasyJet needs are mid-price trades ABOVE 564 to improve a ……..
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View Previous EasyJet & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 149 Percentage Change: + 0.74% Day High: 151.9 Day Low: 147.8
Target met. Further movement against Gulf Keystone ABOVE 151.9 should imp ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 255.1 Percentage Change: + 0.87% Day High: 257.1 Day Low: 251.6
Target met. Continued trades against IAG with a mid-price ABOVE 257.1 sho ……..
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View Previous British Airways & Big Picture ***
LSE:JET Just Eat Close Mid-Price: 1212 Percentage Change: -2.73% Day High: 1248 Day Low: 1206
Continued trades against JET with a mid-price ABOVE 1248 should improve t ……..
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View Previous Just Eat & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 15.82 Percentage Change: + 7.29% Day High: 16 Day Low: 15
In the event of Rockhopper enjoying further trades beyond 16, the share s ……..
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View Previous Rockhopper & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 973.4 Percentage Change: + 1.42% Day High: 970.4 Day Low: 954
Target met. Further movement against Standard Chartered ABOVE 970.4 shoul ……..
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View Previous Standard Chartered & Big Picture ***