#FTSE #WallSt Worldwide, fireworks are used to celebrate getting ride of the Westminster Government or, in the case of Guy Fawkes, even an attempt to get rid of the UK’s celebration of greed and incompetence. The US markets, closed for 4th July, traditionally exert a calming effect by their closure, ensuring Europe doesn’t end the day by doing anything interesting. And of course, Friday night in America will culminate with massive displays of fireworks, generally to the annoyance of the major cities who deem them dangerous.
Historically, we’re never shocked at seeing the FTSE behave as if it has slipped its leash, running around on 4th July as if it were doing something important. But unfortunately, the UK market also slouches back toward the starting level for the day, dashing any illusions of hope (or gloom) which the session falsely implied. But on the bright side, it’s the UK Grand Prix this weekend, where we shall doubtless see Louis Hamilton finish fairly high in the points, along with the jingoistic potential of Russell George reversing into position as the race winner… It will be nice, if Formula 1 decided to reintroduce racing to the sport as things still feel very contrived. Watching a rookie driver slicing through a pack of cars to torpedo Max Verstappen at the Austrian race was a breath of fresh air, effectively dismantling a race where the result had been a forgone conclusion.
Who knows, maybe this weekend at Silverstone shall provide some surprises, other than the fireworks at the chequered flag when George Russell wins! Cynical? Us?
With regard the FTSE, the UK index is regarded as being in an upward cycle, thought of as just messing around since the start of June while awaiting the correct set of circumstances to head up properly. Personally, we suspect this shall prove to be interest rate manipulation by the Bank of England, an organisation which appears to believe its function is to stop the country from prospering, adhering to an economic model which is increasingly ridiculed… The concept of increasing Interest Rates, to push up prices, to combat inflation, still makes a sentence which fails to make any sense.
From a near term perspective, it appears movements above 8838 should next trigger gains to a useless 8849 points with our secondary, if bettered, an ambitious 8892 points. If triggered, our suggested stop level is at 8800 But we suspect it will be worth remembering the US is closed with the result any movement above 8849 risks fizzling out like a Pound Shop firework, the market doubtless intending to finish the day flat.
If trouble is expected, below 8800 risks kicking off reversal to an initial 8771 with our secondary, if broken, calculating at 8744. Our thoughts on the secondary target are doubtful, given an expectation the market shall end the day flat.
Have a good weekend, hopefully drier than forecast for here in Argyll.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:35:48PM | BRENT | 6863 | 6814 | 6798 | 6856 | 6904 | 6940 | 6860 | |||
| 10:38:22PM | GOLD | 3325.82 | 3311 | 3292 | 3335 | 3365 | 3386 | 3340 | ‘cess | ||
| 10:41:54PM | FTSE | 8814.6 | 8787 | 8767 | 8805 | 8840 | 8851 | 8805 | Success | ||
| 10:44:08PM | STOX50 | 5334 | 5300 | 5283 | 5318 | 5340 | 5347 | 5328 | ‘cess | ||
| 11:38:10PM | GERMANY | 23921.9 | 23758 | 23709 | 23895 | 23951 | 24004 | 23898 | ‘cess | ||
| 11:41:51PM | US500 | 6274.5 | 6221 | 6195 | 6236 | 6285 | 6452 | 6161 | Success | ||
| 11:46:22PM | DOW | 44788 | 44344 | 44229 | 44541 | 44881 | 44971 | 44455 | ‘cess | ||
| 11:48:48PM | NASDAQ | 22856 | 22616 | 22515 | 22692 | 22890 | 22940 | 22787 | Success | ||
| 11:51:03PM | JAPAN | 40014 | 39655 | 39526 | 39868 | 40137 | 40336 | 39980 |
3/07/2025 FTSE Closed at 8823 points. Change of 0%. Total value traded through LSE was: £ 4,853,262,556 a change of 0%
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:CCL Carnival** **LSE:GENL Genel** **LSE:IPF International Personal Finance** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:OPG OPG Power Ventures** **LSE:SMT Scottish Mortgage Investment Trust** **
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Updated charts published on : Carnival, Genel, International Personal Finance, ITM Power, Intertek, OPG Power Ventures, Scottish Mortgage Investment Trust,
LSE:CCL Carnival. Close Mid-Price: 1986 Percentage Change: + 1.51% Day High: 1999.5 Day Low: 1940.5
All Carnival needs are mid-price trades ABOVE 1999.5 to improve accelerat ……..
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LSE:GENL Genel. Close Mid-Price: 67.3 Percentage Change: + 2.75% Day High: 67.9 Day Low: 65.4
Continued trades against GENL with a mid-price ABOVE 67.9 should improve ……..
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View Previous Genel & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 174.8 Percentage Change: + 2.22% Day High: 174.8 Day Low: 171.6
All International Personal Finance needs are mid-price trades ABOVE 174.8 ……..
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View Previous International Personal Finance & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 90.6 Percentage Change: + 8.50% Day High: 91.2 Day Low: 83.4
Target met. Continued trades against ITM with a mid-price ABOVE 91.2 shou ……..
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View Previous ITM Power & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 4832 Percentage Change: + 0.62% Day High: 4852 Day Low: 4808
In the event of Intertek enjoying further trades beyond 4852, the share s ……..
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View Previous Intertek & Big Picture ***
LSE:OPG OPG Power Ventures. Close Mid-Price: 7.45 Percentage Change: + 1.22% Day High: 7.45 Day Low: 7.4
In the event of OPG Power Ventures enjoying further trades beyond 7.45, t ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 1039.5 Percentage Change: + 0.68% Day High: 1040.5 Day Low: 1024.5
In the event of Scottish Mortgage Investment Trust enjoying further trade ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***