#Gold #Brent With Jaguar making the headlines, it was easy to remember the first two times when I nearly bought a Jaguar! Back in the day, working for my family business ensured fuel was free, insurance was taken care of, and I’d the run of workshops, along with a mostly professional team of mechanics. This nonsense ensured I’d a Porsche years before it should have happened, a car which followed an awful Ferrari which never made it onto the road. I swapped it for a yacht… And the Ferrari wasn’t finished with its hatred of humans, deciding to catch fire while he had it on a trailer being taken to his premises. On the bright side, someone took a snapshot of the disaster which made the front page of newspapers here in Scotland.
But my first attempt to buy a Jag came from a brief love affair with a Jaguar Mk 9, discovered parked behind a house in the fabulous Ardnamurchan area of Scotland. It’s a peninsula, where if you take your eyes of the Jurassic scenery you can easily find yourself driving through the crater of a large, extinct, volcano on the way to Sanna Bay, probably the prettiest beach in Scotland. By any standards, the place is remote and it’s easy to totally underestimate how long a journey will take.
Me, I’d been in the area with a Soviet 4WD truck, demonstrating its abilities to a particular UK government organisation, already pretty confident there was zero chance they’d buy anything which wasn’t sporting a Landrover badge. But the prospect of a few days in my favourite part of Scotland made it an essential demonstration to give and as the nominated best 4wd operator in the company, plenty of fun awaited. The team from the government centre had some pretty good ideas, doubtless thinking they’d challenge the vehicles abilities, but instead we’d a lot of fun taking tracks which had been created by deer. When playtime was over and we headed out of the mountains toward the single track road, a big white car was spotted parked behind a cottage and I casually asked about it. It transpired it was fairly famous, having previously been the UK Ambassador to Washington’s personal vehicle. It had broken down a few years previously and was literally free to anyone who’d take it away. The paperwork was even all available on the kitchen table, along with a typed letter agreeing it was a freebie car.
After ditching the government guys, it was inevitable a visit to the Jaguar Mk9 was needed and after assuring myself the paperwork was indeed in order, a cunning plan started to brew. In addition to fuel, insurance, workshops, and an almost limitless choice of vehicles, there were a few recovery units which could bring this monster back to civilisation. After speaking to a workshop manager, he agreed to an expedition the following weekend as long as his wife could come. A hotel was organised, the three of us arriving at 3pm on Saturday just as it got dark. Typically, we all got hammered but assembled for breakfast by 9am. Around 11am, sufficient sobriety had entered the conversation to allow us to go find the Jaguar, the workshop managers enthusiasm quickly turning into anger as I’d failed to notice the only thing holding the car together was the white paint. He quite literally pushed his hand through one of the front wings and an effort to open the tailgate literally broke the handle off the car. We were most emphatically not risking attaching the winch to this thing as it would be unlikely we’d return to the city with anything more than a pile of rust. Even the registration number was a problem due to UK regulations. They demanded it be donated from a vehicle with a current MoT. Worse, they usually inspected the donor vehicle, making it difficult for folk like us to just write an MoT for the administration process.
Heck, the three of us had a great night though.
A few months later, I came across a Jaguar XK120, a true dream car. It had been dismantled, the owner running out of money before the body was stripped and the chassis cleaned of any corrosion. My workshop manager chum came along to look at it, explained clearly why I couldn’t touch it (seized engine, cracked gearbox, a load of really bad stuff) but if his wife would agree, he’d love to take it home and do the best he could, due to having access to some old Jaguar machinery. His wife agreed, they paid £1,500 for that XK120 and still own it 40 years later. They even started driving it around 25 years ago, a design shape which is right up with the E-type.
Eventually, I discovered an XJ6 Jaguar 4ltr, I liked the look of, my tame workshop manager came along and gave the nod, the machine managing to maintain my attention for nearly two years. And then, like all sane people, I bought a white Volvo estate as my daily transport as I’d moved quite firmly away from my family business. But this has a lot to do with Jaguar unveiling their take on the Chrysler Crossfire in recent days, now as an electric vehicle trying to pretend it’s something else. I would never have driven through hell to retrieve one of these new models as they’re – to my taste – just a little ugly. Even the Crossfire never caught on in any quantity!
Obviously, this has quite a lot to do with the FTSE as I’ve endeavoured to show sometimes appearances can be deceiving.
If trend lines are stripped away from the chart, there is certainly some visual hope the FTSE intends head upward. It is the Xmas season after all, we deserve it. But when we review what actually happened on Tuesday of this week between 1pm and 2.30pm, there was a bit of a “oops” moment with the FTSE exceeded the Blue downtrend. While the index value ended below the Blue downtrend by the end of the session, what happened intraday felt similar to what happens when a puppy suddenly lunges in an unexpected direct, pulled back with a degree of panic.
This has created a situation where weakness anytime soon below 8320 points risks promoting reversal to an initial 8290 points with our secondary, if broken, a more interesting 8220 points. If triggered, the tightest stop looks like an attractive 8345 points, a pretty interesting Risk/Reward scenario.
However, maybe the upward break was simply an early move but one which should be hoped for. Today, for instance, has the US Jobs Report and it’s something which “sometimes” kicks the markets into life. Above 8353 points now allows for index movement to an initial trend challenging 8375 points with our secondary, with closure above such a point, working out at a longer term 8427 points. This would be game changing, kicking down an icy door and allowing Santa to visit…
Who knows. Have a good weekend and enjoy the final grand prix of the season. It has become questionable whether we shall bother watching again next year as the level of “cheating” by Formula1 management is becoming truly silly.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:06:57PM | BRENT | 7213.7 | 7181 | 7146 | 7252 | 7291 | 7469 | 7243 | ‘cess | ||
| 11:24:53PM | GOLD | 2632 | 2624 | 2621 | 2632 | 2636 | 2641 | 2628 | ‘cess | ||
| 11:28:44PM | FTSE | 8345.6 | 8318 | 8305 | 8340 | 8364 | 8372 | 8347 | |||
| 11:32:31PM | STOX50 | 4937.8 | 4935 | 4928 | 4946 | 4958 | 4970 | 4905 | Success | ||
| 11:36:49PM | GERMANY | 20323 | 20195 | 20120 | 20240 | 20375 | 20471 | 20200 | ‘cess | ||
| 11:43:56PM | US500 | 6071.1 | 6062 | 6056 | 6077 | 6090 | 6098 | 6068 | Shambles | ||
| 11:46:49PM | DOW | 44760.5 | 44721 | 44667 | 44823 | 45060 | 45089 | 44970 | Shambles | ||
| 11:49:39PM | NASDAQ | 21408.8 | 21339 | 21284 | 21428 | 21515 | 21592 | 21388 | |||
| 11:52:30PM | JAPAN | 39173 | 39169 | 39002 | 39287 | 39472 | 39599 | 39243 |
5/12/2024 FTSE Closed at 8349 points. Change of 0.17%. Total value traded through LSE was: £ 5,225,818,106 a change of -2.92%
4/12/2024 FTSE Closed at 8335 points. Change of -0.29%. Total value traded through LSE was: £ 5,383,163,281 a change of 3.03%
3/12/2024 FTSE Closed at 8359 points. Change of 0.57%. Total value traded through LSE was: £ 5,224,934,773 a change of 21.03%
2/12/2024 FTSE Closed at 8312 points. Change of 0.3%. Total value traded through LSE was: £ 4,317,215,202 a change of -3.75%
29/11/2024 FTSE Closed at 8287 points. Change of 0.07%. Total value traded through LSE was: £ 4,485,252,544 a change of 30.02%
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% 
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:CCL Carnival** **LSE:EZJ EasyJet** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:TRN The Trainline** **
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Updated charts published on : BALFOUR BEATTY, Carnival, EasyJet, British Airways, Intercontinental Hotels Group, Just Eat, The Trainline,
LSE:BBY BALFOUR BEATTY Close Mid-Price: 449.6 Percentage Change: -0.62% Day High: 472.8 Day Low: 439.6
Target met. In the event of BALFOUR BEATTY enjoying further trades beyond ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 1911.5 Percentage Change: + 0.71% Day High: 1935.5 Day Low: 1899.5
Target met. In the event of Carnival enjoying further trades beyond 1935. ……..
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View Previous Carnival & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 575.8 Percentage Change: + 1.73% Day High: 576.4 Day Low: 566
Target met. Continued trades against EZJ with a mid-price ABOVE 576.4 sho ……..
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View Previous EasyJet & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 282.9 Percentage Change: + 2.84% Day High: 282.9 Day Low: 274.2
Continued trades against IAG with a mid-price ABOVE 282.9 should improve ……..
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View Previous British Airways & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 10180 Percentage Change: + 1.55% Day High: 10190 Day Low: 10020
Target met. Continued trades against IHG with a mid-price ABOVE 10190 sho ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1314 Percentage Change: + 7.18% Day High: 1322 Day Low: 1234
Further movement against Just Eat ABOVE 1322 should improve acceleration ……..
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View Previous Just Eat & Big Picture ***
LSE:TRN The Trainline. Close Mid-Price: 430.4 Percentage Change: + 0.00% Day High: 435.8 Day Low: 425.2
Target met. Further movement against The Trainline ABOVE 435.8 should imp ……..
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View Previous The Trainline & Big Picture ***