#FTSE #WallSt Quite a few calculations seem to be pointing at the potential for some fairly major stumbles by the mid 10,000’s. In theory, market growth should already be fairly hard pushed as our expectations, due to movements during 2025, pointing at 10,240 as proving a major ambition point. This was achieved yesterday (Thursday) and despite being exceeded during the trading session, the index “only” closed at 10,239 points. It’s interesting to note, our report on July 11th last year hailed the 10,000 point as a long term interest and now, while we luxuriate in complements, we can refine our targets.
We’re not exactly frothing at the mouth with Big Picture hopes, currently calculating 10,497 points as a sane “top” on the current cycle. At present, above 10,255 points suggests movement continuing to 10,306 points with our secondary, if bettered, at 10,386 points. Given the relative proximity of all these numbers, the odds appear to suggest the UK index is about to experience a period of some lethargy until something happens to springboard things into life. We’re most emphatically not suggesting a “correction” is evident, just a period where the market must almost certainly pause for thought. Perhaps the forthcoming Davos event shall give the market sufficient excuse to do something really interesting.
We shall certainly be fascinated if the FTSE manages above 10,500 points anytime soon as it shall enter a similar phase to that experienced by Wall Street or the Nasdaq, when they exceeded immediate logic and just kept toddling upward while blithely ignoring world events.
Should things intend go wrong, below 10,180 looks like providing a point at which trouble risks flaring, giving reversal potentials to an initial 10,097 with our secondary, if broken, at 10,057 points. Neither drop potential looks particularly hazardous, perhaps delineating the bottom of a future trading channel while the index is drawing breath. However, should 10,057 break, we can calculates a chance of reversals down to 9,943 points and a challenge of the uptrend since 2025.
Have a good weekend. Less than 2 months until the first Grand Prix of the season, thankfully a return to Australia and the usual “back to school” chaos which sometimes produces an interesting race. Unfortunately, some years it also produces something as deathly boring as a political parties TV broadcast.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:49:40PM | BRENT | 6352.1 | 6304 | 6248 | 6420 | 6454 | 6494 | 6389 | |||
| 10:56:42PM | GOLD | 4608.28 | 4581 | 4566 | 4606 | 4625 | 4638 | 4600 | |||
| 11:00:08PM | FTSE | 10225 | 10173 | 10141 | 10206 | 10253 | 10285 | 10221 | ‘cess | ||
| 11:02:28PM | STOX50 | 6021.2 | 6017 | 6005 | 6038 | 6054 | 6077 | 6029 | |||
| 11:05:59PM | GERMANY | 25260.7 | 25234 | 25190 | 25285 | 25394 | 25431 | 25324 | |||
| 11:09:40PM | US500 | 6950.7 | 6918 | 6908 | 6944 | 6967 | 6985 | 6937 | |||
| 11:16:06PM | DOW | 49470 | 49082 | 48886 | 49304 | 49584 | 49784 | 49436 | ‘cess | ||
| 11:20:46PM | NASDAQ | 25570.4 | 25512 | 25396 | 25617 | 25753 | 25914 | 25640 | ‘cess | ||
| 11:23:52PM | JAPAN | 53929 | 53718 | 53561 | 54052 | 54279 | 54449 | 54122 |
15/01/2026 FTSE Closed at 10238 points. Change of 0.53%. Total value traded through LSE was: £ 8,925,069,676 a change of 39.46%
14/01/2026 FTSE Closed at 10184 points. Change of 0.46%. Total value traded through LSE was: £ 6,399,572,065 a change of -4.73%
13/01/2026 FTSE Closed at 10137 points. Change of -0.03%. Total value traded through LSE was: £ 6,717,140,321 a change of 16.41%
12/01/2026 FTSE Closed at 10140 points. Change of 0.16%. Total value traded through LSE was: £ 5,770,093,543 a change of -6.73%
9/01/2026 FTSE Closed at 10124 points. Change of 0.8%. Total value traded through LSE was: £ 6,186,252,560 a change of -4.13%
8/01/2026 FTSE Closed at 10044 points. Change of -0.04%. Total value traded through LSE was: £ 6,452,774,443 a change of -6.4%
7/01/2026 FTSE Closed at 10048 points. Change of -0.73%. Total value traded through LSE was: £ 6,893,889,555 a change of 3.63% 
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:AZN Astrazeneca** **LSE:EMG MAN** **LSE:GLEN Glencore Xstra** **LSE:HSBA HSBC** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **
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Updated charts published on : Anglo American, Astrazeneca, Glencore Xstra, HSBC, Oxford Instruments, Primary Health,
LSE:AAL Anglo American. Close Mid-Price: 3320 Percentage Change: + 1.41% Day High: 3340 Day Low: 3220
Continued trades against AAL with a mid-price ABOVE 3340 should improve t ……..
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View Previous Anglo American & Big Picture ***
LSE:AZN Astrazeneca Close Mid-Price: 14026 Percentage Change: -2.23% Day High: 14408 Day Low: 13982
Further movement against Astrazeneca ABOVE 14408 should improve accelerat ……..
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View Previous Astrazeneca & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 268.8 Percentage Change: + 2.91% Day High: 270.8 Day Low: 262
Target met. In the event of MAN enjoying further trades beyond 270.8, the ……..
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View Previous MAN & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 491 Percentage Change: + 1.40% Day High: 493.75 Day Low: 480.05
Continued trades against GLEN with a mid-price ABOVE 493.75 should improv ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 1236.8 Percentage Change: + 1.96% Day High: 1240 Day Low: 1220.6
Target met. All HSBC needs are mid-price trades ABOVE 1240 to improve acc ……..
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View Previous HSBC & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2325 Percentage Change: + 5.44% Day High: 2325 Day Low: 2120
Target met. All Oxford Instruments needs are mid-price trades ABOVE 2325 ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:PHP Primary Health. Close Mid-Price: 104.5 Percentage Change: + 1.55% Day High: 104.8 Day Low: 102.7
Target met. Continued trades against PHP with a mid-price ABOVE 104.8 sho ……..
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View Previous Primary Health & Big Picture ***