FTSE pre Santa (FTSE:UKX) looks boring!

#Gold #FTSE

With a small “whoopsie”, it proved stupid leaving Xmas shopping until Monday. Here in Argyll, business’ bend over backward to be helpful, pleasant, and provide outstanding customer service. The only problem is they don’t behave like money greedy establishments but instead, opt to open at 11am and close at 4pm, ensuring there is no rush in their personal life. My personal problem occurred, deciding to do the dog walk, then heading up to the town and discovering the high street was lined with wonderfully decorated closed shops. Thankfully, my wifes “big” present had already arrived but unfortunately, there is still a daughter and her two daughters to cater for. Knowing exactly what is being purchased for each doesn’t help, when on the busiest two day week of the year the shops have closed.

To be honest, the real culprit was myself, one of the shop owners being a personal friend and we regularly bump into each other when walking our animals. The personal failure to communicate with my own brain ensures I shall be fulfilling the eternal cliche, a husband doing Xmas shopping on Xmas eve. Me, I thought I was a grown up but that theory has now fallen apart.

Traditionally Xmas Eve on the markets is pretty much a waste of time, it being easy to suppose the nice folks who run the markets have taken the day off, leaving a few scared interns in control until the first full week of January. Historically, we’ve a very low opinion of the markets during the festive season, expecting anything which is lucky enough to go up finding itself forced back down before the grown ups return from holiday.

We’re using a lot of waffle to conceal the fact we’re not entirely comfortable with market movement potentials on Xmas Eve. Apparently, if the FTSE exceeds 8107 points (it closed at 8996 points), we should anticipate movement to an initial 8124 points with our alleged secondary calculating at 8148 points. Historical experience suggests any movement to the primary target shall probably occur in the final few minutes of the day, before everything closes at 12.30pm.

Our converse scenario includes reversal to an initial 8069 points, should 8076 break and our secondary works out at a believable 8059 points. To be fair, the market is already looking like it doesn’t want to open on Tuesday, instead preferring to go shopping here in Argyll where everything is open late and closing early.

Have a good Christmas, hopefully without the chaos of our house thanks to Grand-daughters planning a Xmas performance with obligatory attendance!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
10:38:57PM	BRENT	7265.8	7171	7134	7031	7305	7370	7410	7444	7237
10:46:28PM	GOLD	2615.36	2584	2558	2503	2628	2635	2649	2671	2608
10:51:37PM	FTSE	8122.5	8065	7902	7739	8110	8149	8202	8271	8073
2:57:52AM	STOX50	4870	4825	4803	4734	4865	4883	4914	4950	4842
3:13:09AM	GERMANY	19883	19785	19577	19255	19926	19965	20128	20288	19805
3:15:23AM	US500	6947.5	6916	6811	6706	6930	6996	7039	7098	6937
3:22:20AM	DOW	42898	42732	42636	42429	42797	43061	43256	43502	42795
3:25:02AM	JAPAN	39038	39003	38707	38220	39222	39347	39768	40240	39037

23/12/2024 FTSE Closed at 8102 points. Change of 0.22%. Total value traded through LSE was: £ 3,427,016,579 a change of -68.02%

20/12/2024 FTSE Closed at 8084 points. Change of -0.26%. Total value traded through LSE was: £ 10,715,072,684 a change of 85.06%

19/12/2024 FTSE Closed at 8105 points. Change of -1.05%. Total value traded through LSE was: £ 5,790,138,165 a change of 13.02%

18/12/2024 FTSE Closed at 8191 points. Change of -0.05%. Total value traded through LSE was: £ 5,123,160,668 a change of -23.19%

17/12/2024 FTSE Closed at 8195 points. Change of -0.81%. Total value traded through LSE was: £ 6,670,012,289 a change of 49.11%

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%

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

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