#Gold #SP500 A small portion of my childhood became fascinated with Weir’s. The company had a massive engineering plant behind my primary school, the workforce entering every morning via a mysterious bridge across a river, until such time the big gates closed and all the adults were doing mysterious things. Without any doubt, the place was the largest single employer on the south side of Glasgow, the expected path being -Primary School, Secondary School, Weir’s, a route followed by enormous numbers of engineers. Our parents decided to move away, after two years, and I was plucked from this road to obscurity and engineering excellence.
There’s a slightly funny story about the day the family moved. Dad knew Mum was collecting me from school to go to the new big house. Mum knew Dad was doing the task. Me, only knowing we were moving house, gave up waiting and decided to walk home to our “old” house. I was six years old!
Arriving at the old house, it was deserted, no bikes in the driveway and the house totally empty. Slight worry started to settle in, so with impeccable logic, I decided to walk to the new house which was around 8 miles away. I’d been there once and thought I remembered the route, so how hard could it be? First, I walked back to the primary school as it had been the starting point, when we visited the new house. Making my way along the main road, I also remembered a short cut my Mum had sometimes taken, cutting through a massive estate of new houses, and eventually rejoined the main road beside the cinema my mother would abandon me at on Saturday mornings. At this point, things started to go a little wrong, as I’d regularly meet with two cousins at this cinema. Of course, the three of us would skip out and do something more interesting, useful as they stayed pretty close to our new house.
So I took a shortcut through swamp, across an abandoned quarry, and finally through a railway yard, one complete with rusting steam engines along with long forgotten carriages etc. In other words, a magnet for children. Following the railway line, eventually I arrived at the local railway station and from there, it was easy to walk a series of paths to eventually arrive at the new house. Inevitably, there was a bit of fuss about my arrival, along with quite a few phone calls to alert our wider family I’d somehow turned up. This was the first manifestation of a strange personal superpower, an inability to get lost, always handy in a new city.
As for Weir Group, the company embraced the usual trauma of expansion, contraction, bankruptcy, mass redundancies, etc but survive. However, it appears some of the massive area their engineering works embraced has now been given over to flats and housing and they’re no longer a major employer in the area. Even my first Primary School closed down, thankfully remaining as a listed building.
But Weirs survived through a couple of iterations and now, their share price is becoming interesting. In fact, it’s sufficiently useful to be designated as one of our ‘advent calendar’ shares as we’re fairly enthusiastic about their future.
Currently, above 2270p calculates as potentially triggering share price gains to an initial 2496p with our secondary, if bettered, an impressive long term 3016 and a new all time high, certainly something which makes a lot of visual sense as the share price has been bubbling upward since September of this year. As a result of this, we shall not be surprised if the share price moves upward, once market trading conditions allow.
For the present, the price would need below 2170 to trigger latent reversals to an initial 2014 and hopefully a bounce. Our secondary, should such a level break, works out at 1868p and a very possible rebound, along with an urgent need for us to revisit the share price.
For now, we think Weir should prove worth watching.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:52:23PM | BRENT | 7374 | |||||||||
| 10:54:43PM | GOLD | 2651.52 | 2649 | 2633 | 2602 | 2667 | 2667 | 2672 | 2681 | 2653 | |
| 11:15:20PM | FTSE | 8234.9 | |||||||||
| 11:18:51PM | STOX50 | 4943.3 | |||||||||
| 11:29:30PM | GERMANY | 20313.8 | ‘cess | ||||||||
| 11:37:09PM | US500 | 6067.9 | 6050 | 6037 | 6021 | 6071 | 6085 | 6095 | 6115 | 6070 | |
| 11:41:53PM | DOW | 43657 | |||||||||
| 11:52:33PM | NASDAQ | 22076.8 | Success | ||||||||
| 11:54:55PM | JAPAN | 39658 |
16/12/2024 FTSE Closed at 8262 points. Change of -0.46%. Total value traded through LSE was: £ 4,473,170,966 a change of 7.01%
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% 
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:BARC Barclays** **LSE:CAR Carclo** **LSE:GLEN Glencore Xstra** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IDS International Distribution** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Aviva, Barclays, Carclo, Glencore Xstra, HSBC, British Airways, International Distribution, Quadrise, Rockhopper, Standard Chartered, Tesco, Taylor Wimpey,
LSE:AV. Aviva Close Mid-Price: 470 Percentage Change: -1.30% Day High: 476.1 Day Low: 470.4
Continued weakness against AV. taking the price below 470.4 calculates as ……..
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View Previous Aviva & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 270.3 Percentage Change: + 0.33% Day High: 273.25 Day Low: 268.75
Further movement against Barclays ABOVE 273.25 should improve acceleratio ……..
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View Previous Barclays & Big Picture ***
LSE:CAR Carclo Close Mid-Price: 28 Percentage Change: -6.35% Day High: 29.6 Day Low: 26.8
Weakness on Carclo below 26.8 will invariably lead to 24.7 with our secon ……..
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View Previous Carclo & Big Picture ***
LSE:GLEN Glencore Xstra Close Mid-Price: 367.75 Percentage Change: -0.89% Day High: 374.6 Day Low: 366.3
Continued weakness against GLEN taking the price below 366.3 calculates a ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:HSBA HSBC Close Mid-Price: 761.5 Percentage Change: -0.61% Day High: 768.3 Day Low: 760.5
Continued trades against HSBA with a mid-price ABOVE 768.3 should improve ……..
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View Previous HSBC & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 296.4 Percentage Change: + 1.09% Day High: 298.6 Day Low: 292
Target met. Continued trades against IAG with a mid-price ABOVE 298.6 sho ……..
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View Previous British Airways & Big Picture ***
LSE:IDS International Distribution. Close Mid-Price: 361.8 Percentage Change: + 0.78% Day High: 362.8 Day Low: 361.2
All International Distribution needs are mid-price trades ABOVE 362.8 to ……..
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View Previous International Distribution & Big Picture ***
LSE:QED Quadrise. Close Mid-Price: 4.65 Percentage Change: + 15.10% Day High: 4.9 Day Low: 4.43
Continued trades against QED with a mid-price ABOVE 4.9 should improve th ……..
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View Previous Quadrise & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 21.5 Percentage Change: + 0.94% Day High: 22 Day Low: 21.1
Target met. In the event of Rockhopper enjoying further trades beyond 22, ……..
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View Previous Rockhopper & Big Picture ***
LSE:STAN Standard Chartered Close Mid-Price: 991.4 Percentage Change: -0.54% Day High: 1010 Day Low: 989.4
Further movement against Standard Chartered ABOVE 1010 should improve acc ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 373.1 Percentage Change: + 0.30% Day High: 375.1 Day Low: 371.5
In the event of Tesco enjoying further trades beyond 375.1, the share sho ……..
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View Previous Tesco & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 124.15 Percentage Change: -0.16% Day High: 124.25 Day Low: 121.4
Target met. Weakness on Taylor Wimpey below 121.4 will invariably lead to ……..
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View Previous Taylor Wimpey & Big Picture ***