A remarkable victim on the rise of AI has been our little red tractor/, the “high maintenance” beast finally battered into submission by a robot lawnmower. This stupid little device, its cutting width of just 7 inches easily overwhelmed by the big machines 38 inch cut is likely to be sold off, dismissed without a backward glance, as a toy robot claiming to use AI has made its demise inevitable. The problem for the big mower is one of cost. It needs a new cutting deck attachment, either a “cheap one” which dangles underneath the tractor like low hanging swords. Available from £2,500. The alternative is towed behind the tractor, driven from the power “take off” just behind the drivers seat. These are available from £4,500, But Aldi had a robot mower for just 199.95, a box of tricks allegedly capable of handling our horrid patch of grass.
Guess what? It can and does so in a mesmerising manner. While the 7 inch wide cut is laughable, when the robot drives itself in random patterns on the grass it is always cutting and after a few hours, the lawn is starting to look normal. After a couple of days, it became very hard to criticise, the robot cheerfully accepting 6 hours of cutting duty, confining itself in a charging station every hour or so before resuming work. Driving in pegs to define the limits was a nuisance and back breaking as we needed a couple of hundred. But with this job done properly, the robot becomes a “fire and forget” machine, its claimed Artificial Intelligence proving the strength of fairly simple software design. Essentially the code copes with; “Can’t go left, try right. Can’t go left or right, try reversing for a few feet. Now try going left. And so on. That’s about as complicated as it gets and if customers are willing to accept an even grass cut, one delivered without Stripes, the tiny little robot becomes a strong contender. For just £200, the red tractor will be sold – or taken to the dump at the end of the grass season.
The episode has served as a sharp remind just because something is NEW, it don’t necessarily mean its bad. Though humans displaced by AI with be justified in irritation, our benched red tractor unable to express emotion. Our robot lawnmower rocks, patrolling quietly with a Highland Cow manning a twin heavy machine gun mounted on its back (video to follow). The ease with which the robot stole the tractors job was the bigger shock, one which should have call centre and support staff feeling really worried. They exist in an industry with a restricted set of inputs from customers, facing an equally restricted set of solutions. The ruling software code is going to be little different fron the lawnmowers, recoiling down a line of logic in search of an answer. Our arguments cynical of true AI remain but the availability of chipsets capable of giving a simulation of AU is impressive.
Of course, this brings us to Lloyds share price, currently sitting at 101.50p and displaying a point where an AI would be contemplating engaging reverse and backing away. After all, the share closing hard against a downtrend since 1999 is bad, the share price being in the 3rd in a series of “lower lows” We’re far from convinced the sky is about to fall as above 102p should construct an argument to visit 107.5p next with our secondary, if bettered, a ground breaking future 117p.
This future 117p, while perfectly capable of constructing some excuses for stutters in the near future, becomes important. From our Big Picture perspective, it will now advance the share price into a region where a future attraction now from 153p shall be deemed possible. If the bank intends spoil the party, the share price now needs close below 93p to mince our positive calculations.
What an amazing weekend it was. Superb weather, a Canadian GP which was entertaining for the first half, then entertaining during the closing laps, and our granddaughters being subdued, deciding wearing their PJ’s all day while lazing around the house. It still seems to be the case Scot’s are not programmed to function above 20c!
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 11:06:29PM | BRENT | 9602.7 | 9596 | 9262 | 8693 | 9660 | 9758 | 9818 | 9986 | 9549 |
| 11:09:46PM | GOLD | 4500.23 | 4483 | 4461 | 4421 | 4531 | 4549 | 4587 | 4602 | 4512 |
| 11:37:06PM | FTSE | 10498 | 10470 | 10453 | 10409 | 10516 | 10567 | 10604 | 10645 | 10512 |
| 11:47:29PM | GERMANY | 25249.2 | 25061 | 24961 | 24798 | 25300 | 25384 | 25454 | 25551 | 25242 |
| 11:19:24PM | US500 | 7527.7 | 7501 | 7483 | 7459 | 7530 | 7553 | 7570 | 7593 | 7532 |
| 11:22:08PM | DOW | 50531.2 | 50352 | 50238 | 49938 | 50527 | 50952 | 51129 | 51388 | 50794 |
| 11:29:07PM | NASDAQ | 30018 | 29673 | 29527 | 29355 | 29775 | 30043 | 30165 | 30394 | 29846 |
| 11:35:41PM | JAPAN | 66344 | 65179 | 64638 | 64022 | 65664 | 66482 | 67022 | 68127 | 66075 |
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:CPI Capita** **LSE:ITM ITM Power** **LSE:OXIG Oxford Instruments** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:STAN Standard Chartered** **LSE:TERN Tern Plc** **
********
Updated charts published on : Capita, ITM Power, Oxford Instruments, Scottish Mortgage Investment Trust, Standard Chartered, Tern Plc,
LSE:CPI Capita. Close Mid-Price: 394 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Further movement against Capita ABOVE 399.5 should improve ac ……..
</p
View Previous Capita & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 180 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Further movement against ITM Power ABOVE 189.4p should improv ……..
</p
View Previous ITM Power & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 3134 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. In the event of Oxford Instruments enjoying further trades be ……..
</p
View Previous Oxford Instruments & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 1520 Percentage Change: + 0.00% Day High: 0 Day Low: 0
In the event of Scottish Mortgage Investment Trust enjoying further trade ……..
</p
View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 1978.5 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. In the event of Standard Chartered enjoying further trades be ……..
</p
View Previous Standard Chartered & Big Picture ***
LSE:TERN Tern Plc. Close Mid-Price: 1 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Further movement against Tern Plc ABOVE 1.225 should improve ……..
</p
View Previous Tern Plc & Big Picture ***