#Brent #SP500 With Christmas just over a week away, we’ve a few reasons to spoil any Christmas spirit. It’s all to do with market index’ which are approaching logical highs, a fictional point in time at which we tend anticipate some hysterics. Some markets have already started to display some hesitation, behaving a bit like most blokes considering entering a ladies shoe shop at this time of year. The Dow Jones, for instance, has a logical “high” target level calculated at 45,135 and with the highest recently achieved being 45,074 points, there’s a reasonable argument this high was “close enough”.
The problem comes, when we review other markets like Germany, the S&P, even the UK FTSE, as they are all approaching theoretical market highs. We’re starting to wonder if the markets plan some sort of artificial reversals, prior to Mr Trump being crowned in the USA. There’s probably a market opening for England’s Prince Andrew to offer rental of coronation robes and associated frippery for the event of January 20th in Washington, USA!
Our concern about the markets reaching a “logical high” level is oddly backed up with Barclays. Their share price, while looking quite energetic from a Big Picture viewpoint, is also looking slightly fraught with danger. The immediate issue suggests movement above just 272p should trigger improvements to an initial 279p. This brings the share price to a level last seen in 2015 but, from a closer viewpoint, we anticipate 279p as being an issue. The reason being movements during 2024, following the break of the Blue downtrend since 2008, calculate with a logical high at 279p, presenting a point at which some turbulence is expected. This detail bothers us, due to markets all suffering such a potential fairly soon.
The big question, obviously, is will this occur before the coronation of Mr Trump or after?
But should 279p be exceeded, we can calculate a secondary ambition at 312p, now challenging the highs of 2013.
While the retail banking sector appears to be recovering, we’re certainly getting a little nervous at the potential for some relatively near term turbulence. But Barclays now needs close below 234p to spoil our calculations, so there’s currently plenty of room for manoeuvre.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 11:05:09PM | BRENT | 7432 | 7356 | 7321 | 7278 | 7377 | 7450 | 7468 | 7476 | 7422 |
| 11:08:23PM | GOLD | 2650 | 2655 | |||||||
| 11:19:49PM | FTSE | 8305.7 | 8280 | |||||||
| 11:23:54PM | STOX50 | 4971.3 | 4965 | |||||||
| 12:05:41AM | GERMANY | 20448.6 | 20250 | |||||||
| 12:10:42AM | US500 | 6056 | 6035 | 6011 | 5985 | 6048 | 6081 | 6118 | 6143 | 6027 |
| 12:15:12AM | DOW | 43870.5 | 43884 | |||||||
| 11:18:05PM | NASDAQ | 21794 | 21740 | |||||||
| 11:21:32PM | JAPAN | 39506 | 39206 |
13/12/2024 FTSE Closed at 8300 points. Change of -0.13%. Total value traded through LSE was: £ 4,180,122,576 a change of -10.3%
12/12/2024 FTSE Closed at 8311 points. Change of 0.12%. Total value traded through LSE was: £ 4,660,074,740 a change of -19.71%
11/12/2024 FTSE Closed at 8301 points. Change of 0.25%. Total value traded through LSE was: £ 5,804,184,495 a change of 29.66%
10/12/2024 FTSE Closed at 8280 points. Change of -0.86%. Total value traded through LSE was: £ 4,476,630,300 a change of -11.71%
9/12/2024 FTSE Closed at 8352 points. Change of 0.53%. Total value traded through LSE was: £ 5,070,546,042 a change of 9.1%
6/12/2024 FTSE Closed at 8308 points. Change of -0.49%. Total value traded through LSE was: £ 4,647,469,843 a change of -11.07%
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% 
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:AV. Aviva** **LSE:BLOE Block Energy PLC** **LSE:HSBA HSBC** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:TLW Tullow** **
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Updated charts published on : Aviva, Block Energy PLC, HSBC, Quadrise, Rockhopper, Tullow,
LSE:AV. Aviva. Close Mid-Price: 476.2 Percentage Change: + 1.10% Day High: 476.9 Day Low: 470.9
Weakness on Aviva below 470.9 will invariably lead to 468 next with our s ……..
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View Previous Aviva & Big Picture ***
LSE:BLOE Block Energy PLC Close Mid-Price: 0.7 Percentage Change: -3.45% Day High: 0.72 Day Low: 0.7
If Block Energy PLC experiences continued weakness below 0.7, it will inv ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 766.2 Percentage Change: + 0.67% Day High: 765.4 Day Low: 758.9
Further movement against HSBC ABOVE 765.4 should improve acceleration tow ……..
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View Previous HSBC & Big Picture ***
LSE:QED Quadrise Close Mid-Price: 4.04 Percentage Change: -6.16% Day High: 4.5 Day Low: 3.98
In the event of Quadrise enjoying further trades beyond 4.5, the share sh ……..
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View Previous Quadrise & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 21.3 Percentage Change: + 2.40% Day High: 21.6 Day Low: 20.9
Further movement against Rockhopper ABOVE 21.6 should improve acceleratio ……..
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View Previous Rockhopper & Big Picture ***
LSE:TLW Tullow Close Mid-Price: 23.44 Percentage Change: -9.85% Day High: 27.9 Day Low: 23.04
All Tullow needs are mid-price trades ABOVE 27.9 to improve acceleration ……..
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View Previous Tullow & Big Picture ***