#FTSE #LiberationDay With the USA celebrating ‘Liberation Day’, the media comfortably settled into a groove where they could broadcast the fact ‘Trump Tariffs’ being imposed were simply wrong.. With a complete distrust of media headlines, we took the approach of thinking “what if Trump is right” and therefore considering the impacts from a USA perspective. It is almost a cliché but it’s worth visiting Detroit, if only on Google Streetview. The harm done to a once dominant US car industry utterly wrecked the entire city as manufacturing capacity moved away. If searching for an impressive house needing some renovation, Detroit should be the first place reviewed with a horror of empty neighbourhoods and shuttered business’ just awaiting someone spending money.
The Detroit story has been repeated throughout America and it’s a bit of a giggle to use Streetview to look at the various Springfield cities in the country, many devastated when their primary employer left the town. It’s a story repeated worldwide, it being easy to identify areas of the UK which were also destroyed when a major business moved for economic reasons. From a somewhat parochial viewpoint, a pop duo called The Proclaimer’s wrote a song called “Letter From America” which lamented the loss of entire towns due to the primary employer deciding workers were cheaper elsewhere. The chorus “Bathgate no more, Linwood no more, Methil no more, Irvine no more” rings quite hollow for those who’ve seen the heart of these towns trashed but in truth, The Proclaimers could have extended the lyrics dramatically by extending their viewpoint beyond the central belt of Scotland. Worldwide, nation states repeatedly failed to protect their own people, preferring a bias toward free international trade as critical headlines about the death of a town tend vanish within a few weeks as the news cycle moves on. What happened in Scotland with de-industrialisation was repeated nationwide, the UK Government (along with an international mindset) failed to protect their population. Even from a recent mindset, the company “Dyson” cheerfully binned their manufacturing capability in the UK in preference for cheap labour in Asia. Amusingly, many “Civic Amenity Sites” (aka The Dump) now have areas specifically for Dyson products, the quality of the cheaply made machinery now being extremely questionable. But on the bright side, Dyson saved money on wages, buildings, and tax.
This plotline has been repeated throughout Europe and the USA, almost a frightening regime of countries failing to do anything to protect their people. It seems President Trump may be taking a first step in trying to undo the damage this mindset has caused but personally, we’re uncertain whether tariffs against trade shall prove to be the correct movement. It’s certainly an easy reaction in an attempt to bring manufacturing, mining, processing, back to home but it fails to address the core problem, where a corporate entity decided their wage bill could be reduced by moving offshore. The traditional excuse was “to remain competitive” but the reality was “to maximise corporate profits”, creating a situation where national governments should have considered protective action. For instance, would Dyson or abhorrent bra maker Ultimo have moved production offshore, if they’d be banned from selling in from their home country thereafter? It would be a simple approach, though goodness knows how the USA would handle action against Ford, General Motors, or whoever as they’d need to ban entire ranges of vehicles from each manufacturer.
Essentially, it’s probable President Trump is right but the concept of tariffs may be to simply get the attention of corporate entities as the longer term result may prove dangerous, creating inflation in the USA and an environment where companies shall be cautious of investing, due to enhanced costs. The situation becomes a “who will blink first” scenario but a corporate entity, when the Board of Directors are forced to decide if they want future meetings to take place in Somalia or Georgia, will doubtless had a strong incentive to blink first.
What has this to do with our FTSE for FRIDAY?
The markets are behaving as if the USA has declared war, despite a tariff regime which shall make “things” more expensive for their own populace. Creating a regime, where BMW, Mercedes, Range Rover are suddenly 25% more expensive than competing vehicles with certainly ruffle feathers. But will Americans decide a Ford or GM badge has the same cachet as a Range Rover? (it would certainly be more reliable.) While historically USA protectionism has produced extremely messy results, we’re now in different times when the results of such a change of stance will happen quite a bit faster.
For the FTSE, we lack any degree of enthusiasm for the near term. Currently, we can calculate movement below 8450 should trigger further reversals to an initial 8400 with our secondary, if broken, coming in at an eventual 8230 points and hopefully a bounce.
Otherwise, to pretend confidence, near term gains above 8470 should trigger recovery to an initial 8553 with our secondary, if beaten, at 8596 points. To be honest, the only thing we’ve confidence in is the Japanese Grand Prix race being entertaining this weekend as it feels unlikely the FTSE shall deliver anything to smile about.
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 |
| 10:13:54PM | BRENT | 6970.1 | 6944 | 6931.5 | 6728 | 7035 | 7035 | 7074 | 7119 | 6968 | Success |
| 10:20:17PM | GOLD | 3114.09 | 3054 | 3033 | 2988 | 3101 | 3136 | 3168 | 3206 | 3106 | Success |
| 10:23:11PM | FTSE | 8457.5 | 8432 | 8399 | 8285 | 8501 | 8538 | 8564 | 8608 | 8487 | ‘cess |
| 10:39:56PM | STOX50 | 5082.9 | 5084 | 5023 | 4841 | 5150 | 5228 | 5282 | 5351 | 5167 | Shambles |
| 10:42:32PM | GERMANY | 21605 | 21580 | 21492 | 21273 | 21788 | 22149 | 22383 | 22652 | 21880 | ‘cess |
| 10:46:30PM | US500 | 5382.2 | 5369 | 5340 | 5070 | 5467 | 5484 | 5514 | 5562 | 5415 | ‘cess |
| 11:06:04PM | DOW | 40434.5 | 40352 | 39630 | 38568 | 40680 | 41144 | 41255 | 41550 | 40864 | ‘cess |
| 11:16:39PM | NASDAQ | 18481.2 | 18437 | 17909 | 16458 | 19000 | 19008 | 19253 | 19524 | 18844 | |
| 11:21:03PM | JAPAN | 33739 | 33565 | 32369 | 29604 | 34246 | 34861 | 35426 | 36102 | 34403 |
3/04/2025 FTSE Closed at 8474 points. Change of -1.56%. Total value traded through LSE was: £ 8,189,785,390 a change of 71.42%
2/04/2025 FTSE Closed at 8608 points. Change of -0.3%. Total value traded through LSE was: £ 4,777,697,374 a change of -10.48%
1/04/2025 FTSE Closed at 8634 points. Change of 0.61%. Total value traded through LSE was: £ 5,337,298,132 a change of -21.51%
31/03/2025 FTSE Closed at 8582 points. Change of -0.88%. Total value traded through LSE was: £ 6,799,696,301 a change of 28.06%
28/03/2025 FTSE Closed at 8658 points. Change of -0.09%. Total value traded through LSE was: £ 5,309,813,922 a change of 6.75%
27/03/2025 FTSE Closed at 8666 points. Change of -0.26%. Total value traded through LSE was: £ 4,974,129,293 a change of -6.31%
26/03/2025 FTSE Closed at 8689 points. Change of 0.3%. Total value traded through LSE was: £ 5,309,245,116 a change of -37.66% 
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:AAL Anglo American** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:CPI Capita** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:GLEN Glencore Xstra** **LSE:IHG Intercontinental Hotels Group** **LSE:NG. National Glib** **LSE:OXIG Oxford Instruments** **LSE:SPX Spirax** **
********
Updated charts published on : Anglo American, BP PLC, British Telecom, Caspian, Capita, MAN, EasyJet, Foxtons, Glencore Xstra, Intercontinental Hotels Group, National Glib, Oxford Instruments, Spirax,
LSE:AAL Anglo American Close Mid-Price: 2004 Percentage Change: -6.79% Day High: 2099 Day Low: 1983
If Anglo American experiences continued weakness below 1983, it will inva ……..
</p
View Previous Anglo American & Big Picture ***
LSE:BP. BP PLC Close Mid-Price: 400.45 Percentage Change: -7.54% Day High: 424.75 Day Low: 397.3
Weakness on BP PLC below 397.3 will invariably lead to 393p with secondar ……..
</p
View Previous BP PLC & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 173.45 Percentage Change: + 4.14% Day High: 172.85 Day Low: 165
Target met. Further movement against British Telecom ABOVE 172.85 should ……..
</p
View Previous British Telecom & Big Picture ***
LSE:CASP Caspian Close Mid-Price: 2.65 Percentage Change: -5.36% Day High: 2.65 Day Low: 2.65
Weakness on Caspian below 2.65 will invariably lead to 2.25 next with our ……..
</p
View Previous Caspian & Big Picture ***
LSE:CPI Capita Close Mid-Price: 12.98 Percentage Change: -2.41% Day High: 13.08 Day Low: 12.2
In the event Capita experiences weakness below 12.2 it calculates with a ……..
</p
View Previous Capita & Big Picture ***
LSE:EMG MAN Close Mid-Price: 186.4 Percentage Change: -4.70% Day High: 193.6 Day Low: 185.6
Target met. In the event MAN experiences weakness below 185.6 it calculat ……..
</p
View Previous MAN & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 441 Percentage Change: -2.11% Day High: 449.2 Day Low: 438.3
Continued weakness against EZJ taking the price below 438.3 calculates as ……..
</p
View Previous EasyJet & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 56.6 Percentage Change: -2.41% Day High: 57.8 Day Low: 54.1
Target met. Continued weakness against FOXT taking the price below 54.1 c ……..
</p
View Previous Foxtons & Big Picture ***
LSE:GLEN Glencore Xstra Close Mid-Price: 260.8 Percentage Change: -7.83% Day High: 279.7 Day Low: 261.75
Target met. Weakness on Glencore Xstra below 261.75 will invariably lead ……..
</p
View Previous Glencore Xstra & Big Picture ***
LSE:IHG Intercontinental Hotels Group Close Mid-Price: 7904 Percentage Change: -6.04% Day High: 8144 Day Low: 7862
Target met. Continued weakness against IHG taking the price below 7862 ca ……..
</p
View Previous Intercontinental Hotels Group & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1053 Percentage Change: + 4.46% Day High: 1064 Day Low: 1017.5
Target met. Further movement against National Glib ABOVE 1064 should impr ……..
</p
View Previous National Glib & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 1664 Percentage Change: -5.02% Day High: 1726 Day Low: 1652
Target met. If Oxford Instruments experiences continued weakness below 16 ……..
</p
View Previous Oxford Instruments & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 5935 Percentage Change: -3.81% Day High: 6110 Day Low: 5920
Target met. In the event Spirax experiences weakness below 5920 it calcul ……..
</p
View Previous Spirax & Big Picture ***