#FTSE #Gold We dread “black Friday” for the quite absurd reason is nothing usually happens on the FTSE. The problem obviously emanates from the USA and their silly notion of closing on Thursday for Thanksgiving, opening the markets on Friday morning, then closing at Lunchtime to allow everyone to go shopping. It creates a situation where Europe traditionally does very little and we anticipate a worse echo that experienced on Thursday for the FTSE, where the market managed a trading width of just 30 points. In fact, from 11.20 until the market closed, the FTSE managed just 18 points of useless up/down games.
In short, we expect the FTSE to do very little on Friday, assuming an absence of poor behaviour by any of the warring nations in the world. Additionally, with UK politicians no longer getting their clothes bought for them, there’s doubtless going to be a deluge of government ministers besieging Matalan and similar discount stores. Oh, how we wish this would be true!
One advantage from the very flat day on the markets for Thursday was it gave a pretty thorough clue of what to watch for, if the start of December intends the month being hopeful. The immediate situation suggests above 8305 points should trigger FTSE gains, though we’d warn, as always, not to trust any upward spike above such a level at the opening seconds of trade. Certainly, we’re obviously within days of the time for the legendary Santa Rally to begin, so we should have signals fairly soon.
Currently, above 8305 points [caveat: not with an opening second spike] allows for market movement to an initial 8388 points and a fairly strong chance for some hesitation, due to the proximity of the immediate Blue downtrend. Our longer term secondary is quite impressive at an amazing 8600 points. The tightest stop is very useful at 8260 points.
Should things intend go wrong, below 8260 risks promoting reversal down to an initial 8239 points with our secondary, if broken, calculating at 8204 points.
We’re nearly at the end of what has been a pretty awful Grand Prix year with what’s often felt like artificial attempts to create excitement. With Qatar this weekend, followed by Abu Dhabi the following week, we’re not inclined to hold out hope for any real excitement. Unless it snows in Qatar… Have a good weekend.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:34:32PM | BRENT | 7267 | 7177 | 7156 | 7244 | 7301 | 7332 | 7239 | ‘cess | ||
| 11:38:26PM | GOLD | 2638.29 | 2621 | 2615 | 2632 | 2650 | 2654 | 2641 | |||
| 11:43:43PM | FTSE | 8286.5 | 8272 | 8258 | 8294 | 8296 | 8305 | 8280 | ‘cess | ||
| 11:50:07PM | STOX50 | 4744 | 4742 | 4727 | 4757 | 4782 | 4793 | 4761 | ‘cess | ||
| 11:32:23PM | GERMANY | 19368.3 | 19311 | 19261 | 19387 | 19447 | 19495 | 19343 | ‘cess | ||
| 11:38:41PM | US500 | 6005.6 | 6004 | 5984 | 6018 | 6020 | 6033 | 6003 | |||
| 11:44:50PM | DOW | 44794.3 | 44425 | 44235 | 44654 | 45003 | 45033 | 44704 | |||
| 11:47:56PM | NASDAQ | 20775.1 | 20764 | 20744 | 20812 | 20846 | 20892 | 20784 | ‘cess | ||
| 11:58:16PM | JAPAN | 38076 | 37983 | 37818 | 38120 | 38487 | 38687 | 38256 |
28/11/2024 FTSE Closed at 8281 points. Change of 0.08%. Total value traded through LSE was: £ 3,449,559,431 a change of -33.99%
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% 
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:BBY BALFOUR BEATTY** **LSE:IAG British Airways** **LSE:IDS International Distribution** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:STAN Standard Chartered** **
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Updated charts published on : BALFOUR BEATTY, British Airways, International Distribution, Scottish Mortgage Investment Trust, Standard Chartered,
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 453.4 Percentage Change: + 0.44% Day High: 459.6 Day Low: 451.2
Continued trades against BBY with a mid-price ABOVE 459.6 should improve ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 260.6 Percentage Change: + 2.16% Day High: 262.5 Day Low: 256.1
Target met. Further movement against British Airways ABOVE 262.5 should ……..
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View Previous British Airways & Big Picture ***
LSE:IDS International Distribution. Close Mid-Price: 356.6 Percentage Change: + 1.02% Day High: 361.2 Day Low: 355
Target met. In the event of International Distribution enjoying further t ……..
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View Previous International Distribution & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 948.4 Percentage Change: + 0.38% Day High: 949 Day Low: 942.2
In the event of Scottish Mortgage Investment Trust enjoying further trade ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 979.4 Percentage Change: + 0.62% Day High: 987.4 Day Low: 974.4
Target met. All Standard Chartered needs are mid-price trades ABOVE 987.4 ……..
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View Previous Standard Chartered & Big Picture ***