#FTSE #WallSt Finally able to write about being trapped in a hospital, due to a missing elephant, is a new level of ridiculous. Due to some withdrawal symptoms following a few years of chemo, a visit to a mainland hospital for blood tests was demanded, the team draining an entire arm to keep the labs busy. After a couple of hours, one of the nurses phoned the lab to ask where my results were. It transpired a secret code had been missed, urgent jobs usually denoted by a small sticker of an elephant. Someone had forgotten to use the elephant sticker, so the lab had consigned my test tubes away from the “patient is waiting” pile into their equivalent of a wine rack…
Needless to say, the blood tests were perfect, revealing nothing and so, patience is required while my metabolism recalibrates to life without poison.
This ridiculous situation has a similarity to whatever is happening with world commodity and stock markets. Analysts are now speculating out loud their suspicions insiders on both sides of the “Whack A Mole” game, are selectively taking short positions or long positions prior to every single announcement. This speculation is not limited to the US side, instead finally embracing the concept of both sides being involved in the “peace treaty” shambles. It certainly brings to the forefront an entirely new reason to keep the so called war going, along with the almost indecent haste information is being released to provoke market reaction. While the concept of a war being prolonged to facilitate insider trading may be one of the more exquisite conspiracy theories, it will be interesting if things suddenly tidy up due to media speculation about the speculators!
The FTSE has obviously been far from immune in the current toxic environment. Conventional logic continues to imply the FTSE “wants” to head to 11,180 points, yet is constantly being constrained by events in the Middle East. The current situation is quite frustrating, suggesting the FTSE needs exceed 10,488 points to hopefully discover sufficient excuse to propel itself to 10,785 points. Our longer term secondary, at 11,180 points remains broadcasting a magnetic attraction from sometime in the future.
Unfortunately, we’re more inclined to suspect the worst as currently, below 10,275 points risks triggering reversals to an initial tame 10,238 points with our secondary, if broken, at 10,200 points. The “problem” with these reversal potentials is the risk any reversals shall be throttled immediately by a surprise press release from an office in Washington or Tehran. This rabid behaviour is tending spoil all sorts of market logic. But we strongly suspect, once the Middle East shambles is resolved, the markets shall move fast, index’ heading upward, Oil and Gold showing sharp reversals.
Have a good weekend, despite the lack of a Grand Prix.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:59:32PM | BRENT | 10097.6 | |||||||||
| 11:02:59PM | GOLD | 4705.37 | ‘cess | ||||||||
| 11:15:13PM | FTSE | 10234.9 | 10185 | 10152 | 10041 | 10237 | 10387 | 10477 | 10573 | 10311 | Shambles |
| 11:19:58PM | STOX50 | 5915.7 | |||||||||
| 11:25:26PM | GERMANY | 24443.2 | |||||||||
| 11:29:27PM | US500 | 7345.1 | ‘cess | ||||||||
| 11:35:09PM | DOW | 49616.3 | 49472 | 49295 | 49020 | 49650 | 50118 | 50309 | 50588 | 49896 | |
| 11:42:28PM | NASDAQ | 28610.6 | Shambles | ||||||||
| 11:45:57PM | JAPAN | 62624 |
7/05/2026 FTSE Closed at 10276 points. Change of -1.55%. Total value traded through LSE was: £ 9,144,654,793 a change of 3.71%
6/05/2026 FTSE Closed at 10438 points. Change of 2.14%. Total value traded through LSE was: £ 8,817,587,393 a change of -17.34%
5/05/2026 FTSE Closed at 10219 points. Change of -1.39%. Total value traded through LSE was: £ 10,667,648,398 a change of 92.81%
1/05/2026 FTSE Closed at 10363 points. Change of -0.14%. Total value traded through LSE was: £ 5,532,832,097 a change of -40.75%
30/04/2026 FTSE Closed at 10378 points. Change of 1.62%. Total value traded through LSE was: £ 9,338,364,506 a change of 26.56%
29/04/2026 FTSE Closed at 10213 points. Change of -1.15%. Total value traded through LSE was: £ 7,378,449,952 a change of 12.28%
28/04/2026 FTSE Closed at 10332 points. Change of -100%. Total value traded through LSE was: £ 6,571,655,414 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:AAL Anglo American** **LSE:AFC AFC Energy** **LSE:AVCT Avacta** **LSE:BBY BALFOUR BEATTY** **LSE:EXPN Experian** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:SCLP Scancell** **LSE:SMT Scottish Mortgage Investment Trust** **
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Updated charts published on : Anglo American, Avacta, BALFOUR BEATTY, Experian, IG Group, ITM Power, Scancell, Scottish Mortgage Investment Trust,
LSE:AAL Anglo American. Close Mid-Price: 3839 Percentage Change: + 0.30% Day High: 3940 Day Low: 3822
Target met. Further movement against Anglo American ABOVE 3940 should imp ……..
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View Previous Anglo American & Big Picture ***
LSE:AFC AFC Energy Close Mid-Price: 16.92 Percentage Change: -0.59% Day High: 17.76 Day Low: 16.74
Further movement against AFC Energy ABOVE 17.76 should improve accelerati ……..
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View Previous AFC Energy & Big Picture ***
LSE:AVCT Avacta. Close Mid-Price: 82 Percentage Change: + 15.49% Day High: 82.5 Day Low: 71
Target met. In the event of Avacta enjoying further trades beyond 82.5, t ……..
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View Previous Avacta & Big Picture ***
LSE:BBY BALFOUR BEATTY Close Mid-Price: 861 Percentage Change: -0.12% Day High: 874 Day Low: 860.5
Continued trades against BBY with a mid-price ABOVE 874 should improve th ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 2690.5 Percentage Change: + 0.64% Day High: 2691 Day Low: 2631.5
In the event Experian experiences weakness below 2631.5 it calculates wit ……..
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View Previous Experian & Big Picture ***
LSE:IGG IG Group Close Mid-Price: 1539 Percentage Change: -0.81% Day High: 1554 Day Low: 1525
In the event of IG Group enjoying further trades beyond 1554, the share s ……..
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View Previous IG Group & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 173.4 Percentage Change: + 1.88% Day High: 179.5 Day Low: 165
Target met. Continued trades against ITM with a mid-price ABOVE 179.5 sho ……..
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View Previous ITM Power & Big Picture ***
LSE:SCLP Scancell. Close Mid-Price: 16.75 Percentage Change: + 6.35% Day High: 16.75 Day Low: 15.25
Target met. Further movement against Scancell ABOVE 16.75 should improve ……..
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View Previous Scancell & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 1442.5 Percentage Change: -0.69% Day High: 1466 Day Low: 1442.5
In the event of Scottish Mortgage Investment Trust enjoying further trade ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***