#Japan #FTSE Every now and then, you can get the feeling of “something just not right” and thanks to the clocks changing and evenings getting darker, such a situation occurred today at 5.30pm. It was dark but my thinking was the electric welding arc would supply sufficient light to finish a “quick” welding job on one of the little tractors attachments, prior to putting everything together on Wednesday and giving the lawn its final cut of the year. Unfortunately, the welding mask did exactly as required, protecting my eyes, ensuring I failed to notice I was welding a perfect seam, the impeccable bead of molten metal being 1cm away from the point I should have been welding. It transpires welding in the dark is a job best left to those folk with non functioning brains but thankfully, suspicious at how straightforward the job was going, after just a few centimetres of a light show, I stopped to check my work.
Painfully aware next time my brother visits, he will notice my little faux pas with his trademark sideways glance, after a floodlight was rigged, the correct part of the metalwork was welded, allowed to cool, and sprayed with thick antirust paint. Hopefully all the sins remain hidden but an email from a client certainly reminded of that moment of doubt.
When calling up aerospace business Melrose’s chart, there was again a feeling of something not being right and for us, this was typified by their share price movements this year. The price has certainly been on a ride as crazy as most airports luggage conveyors, giving a few reasons for concern. From our perspective, the first alarm bells rung with the low of 376p in April of this year. Essentially, the share price should not have dropped as far, breaking below a calculated drop target of 393p, the price level from which a rebound should have been mandatory. Rather gently, this caressed the first bell.
Last month, on October 17th, the share price was gapped down at the open, managing to close the session below the immediate Red uptrend. Our second alarm bell tinkled. And on November 4th, the share price again broke the Red uptrend but the market was careful to ensure it closed the day at 620.8p, exactly on the uptrend with almost fascinating precision. Another alarm bell gives a tentative ding. This, unfortunately, is how things work out in our profession, a constant search for signs of weakness or signs of strength. Sometimes, it even works out and this is why we’re often completely paranoid about micro-movements sane people ignore!
If we fall down on the side of optimism, it appears we dare not trust Melrose until such a point where their share price closes a day above 650p. Such an event is liable to prove quite exciting, calculating with the potential of a lift to an initial 717p with our secondary, if exceeded, working out at 738p, along with the need for us to take a hard look at our Big Picture tea leaves.
However, with more alarm bells tinkling than a Landrover dashboard on a rainy day, we are concerned at the share price dance steps recently as they could easily indicate trouble. The immediate situation threatens reversal below 591 triggering a drop to an initial 507 with our secondary, if broken, calculating at 366p. From our Big Picture perspective, this would be a really bad show, placing the share price in an absurd zone with the risk of a future 81p making itself known. Obviously, not a single domino has dropped making this absurd sounding target make sense but does show how fragile a share price can be, if anything negative occurs.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:07:22PM | BRENT | 6425.4 | |||||||||
| 10:11:07PM | GOLD | 3931.68 | |||||||||
| 10:15:02PM | FTSE | 9708.8 | 9572 | 9549 | 9468 | 9625 | 9725 | 9758 | 9820 | 9695 | ‘cess |
| 10:18:53PM | STOX50 | 5637 | Success | ||||||||
| 10:24:00PM | GERMANY | 23889.4 | |||||||||
| 10:30:03PM | US500 | 6778 | Success | ||||||||
| 10:34:54PM | DOW | 47164.5 | ‘cess | ||||||||
| 10:44:51PM | NASDAQ | 25437.8 | Success | ||||||||
| 10:49:59PM | JAPAN | 51114 | 51066 | 50905 | 50329 | 51403 | 51560 | 51715 | 51933 | 51263 | Success |
4/11/2025 FTSE Closed at 9714 points. Change of 0.13%. Total value traded through LSE was: £ 5,983,302,378 a change of 21.14%
3/11/2025 FTSE Closed at 9701 points. Change of -0.16%. Total value traded through LSE was: £ 4,939,105,432 a change of -3.2%
31/10/2025 FTSE Closed at 9717 points. Change of -0.44%. Total value traded through LSE was: £ 5,102,481,430 a change of -19.1%
30/10/2025 FTSE Closed at 9760 points. Change of 0.04%. Total value traded through LSE was: £ 6,306,885,149 a change of 3.02%
29/10/2025 FTSE Closed at 9756 points. Change of 0.62%. Total value traded through LSE was: £ 6,121,713,518 a change of 7.72%
28/10/2025 FTSE Closed at 9696 points. Change of 0.45%. Total value traded through LSE was: £ 5,683,126,613 a change of 7.14%
27/10/2025 FTSE Closed at 9653 points. Change of 0.08%. Total value traded through LSE was: £ 5,304,536,727 a change of 2.03% 
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:BME B & M** **LSE:BP. BP PLC** **LSE:HSBA HSBC** **LSE:ITRK Intertek** **LSE:OCDO Ocado Plc** **LSE:STAN Standard Chartered** **
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Updated charts published on : B & M, BP PLC, HSBC, Intertek, Ocado Plc, Standard Chartered,
LSE:BME B & M. Close Mid-Price: 171.5 Percentage Change: + 0.00% Day High: 176.6 Day Low: 171.75
Further movement against B & M ABOVE 176.6 should improve acceleration to ……..
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View Previous B & M & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 453.15 Percentage Change: + 1.29% Day High: 456.85 Day Low: 441.3
Further movement against BP PLC ABOVE 456.85 should improve acceleration ……..
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View Previous BP PLC & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 1075 Percentage Change: + 0.56% Day High: 1074.4 Day Low: 1051
In the event of HSBC enjoying further trades beyond 1074.4, the share sho ……..
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View Previous HSBC & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 5100 Percentage Change: + 1.19% Day High: 5120 Day Low: 4994
Continued trades against ITRK with a mid-price ABOVE 5120 should improve ……..
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View Previous Intertek & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 210.9 Percentage Change: + 0.72% Day High: 211.7 Day Low: 204.9
If Ocado Plc experiences continued weakness below 204.9, it will invariab ……..
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View Previous Ocado Plc & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 1594 Percentage Change: + 0.82% Day High: 1600 Day Low: 1552
Continued trades against STAN with a mid-price ABOVE 1600 should improve ……..
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View Previous Standard Chartered & Big Picture ***