Our award winning FTSE for FRIDAY (FTSE:UKX)

#FTSE #Nasdaq  It was clearly party time for the FTSE on Thursday as the index, finally, managed to close a session above the Blue downtrend line on the chart. We’ve been prattling on about how important this trend may be and now, with the index opting to close a session at 7628.26 points, it has exceeded the line, currently roughly around 7609.176 points. Not only did the market close above this level, it also closed above the prior high of 7628.1 points.

Obviously, happy days are here again. Unless they are not… Usually, when an upward break such as this occurs, if the market wishes to reverse the wishes of the market (yup, makes little sense) the next day experiences a price being gapped down, once again trading below a price level the market intends to avoid! In this instance, our inclination is to anticipate some gains on the FTSE for Friday. Hopefully the world or politicians don’t invent some reason to damage our gullible optimism. Who knows, perhaps the UK shall face a shortage of Factor 50 sunblock, over the winter!

 

 

For the immediate future, if we fall for the notorious notion the FTSE is due some gains, above 7633 should hopefully point the market in the direction of an initial 7691 points. Our longer term (or later that day!) secondary calculates at 7740 points. From our perspective, there’s a lot of upward force been building, making the prospect of a surprise sharp rise in the UK index a strong possibility.

 

Should things intend melt like cheap icecream, the index now requires below 7574 to ring alarm tones, pointing at the potential of reversal to 7334 with secondary, if broken, at 7326 and a probable bottom. Currently, this scenario appears as likely as Spanish driver Alonso actually winning a Grand Prix, a difficulty for as long as other drivers also have cars. Needless to say, he’s racing on Sunday in the sometimes fragile Canadian race.

Have a good weekend.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:08:48PM BRENT 73.67 72.97 71.79 74.3 75.42 75.96 74.26 ‘cess
9:11:15PM GOLD 1946.29 1939 1936 1951 1960 1963 1950 Shambles
9:14:31PM FTSE 7592.87 7574 7548 7606 7641 7655 7607 Success
9:55:54PM STOX50 4390 4332 4315 4360 4390 4409 4364
9:59:39PM GERMANY 16263.04 16175 16127 16247 16339 16387 16235 ‘cess
10:03:50PM US500 4331 4330 4305 4355 4392 4411 4365 ‘cess
10:07:11PM DOW 33703 33697 33643 33913 34060 34174 33864 Success
10:11:24PM NASDAQ 14839.6 14765 14653 15955 15051 15140 14920 ‘cess
10:13:33PM JAPAN 33638 33202 32988 33401 33660 33761 33436

 

15/06/2023 FTSE Closed at 7628 points. Change of 0.34%. Total value traded through LSE was: £ 6,752,443,780 a change of 5.35%
14/06/2023 FTSE Closed at 7602 points. Change of 0.11%. Total value traded through LSE was: £ 6,409,785,309 a change of 14.25%
13/06/2023 FTSE Closed at 7594 points. Change of 1.66%. Total value traded through LSE was: £ 5,610,301,636 a change of 24.77%
12/06/2023 FTSE Closed at 7470 points. Change of -1.22%. Total value traded through LSE was: £ 4,496,360,714 a change of 0.19%
9/06/2023 FTSE Closed at 7562 points. Change of -0.49%. Total value traded through LSE was: £ 4,487,952,425 a change of -12.07%
8/06/2023 FTSE Closed at 7599 points. Change of -0.33%. Total value traded through LSE was: £ 5,104,102,479 a change of 3.08%
7/06/2023 FTSE Closed at 7624 points. Change of -0.05%. Total value traded through LSE was: £ 4,951,636,659 a change of 0.85%

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:AML Aston Martin** **LSE:BME B & M** **LSE:CCL Carnival** **LSE:HIK Hikma** **LSE:PHP Primary Health** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Aston Martin, B & M, Carnival, Hikma, Primary Health, Taylor Wimpey,

LSE:AML Aston Martin. Close Mid-Price: 300 Percentage Change: + 0.47% Day High: 304 Day Low: 285.2

In the event of Aston Martin enjoying further trades beyond 304, the shar ……..

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LSE:BME B & M. Close Mid-Price: 549.4 Percentage Change: + 0.55% Day High: 550.2 Day Low: 544.4

B&M are my wifes guilty secret, always going to a particular store when ru ……..

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LSE:CCL Carnival. Close Mid-Price: 1099.5 Percentage Change: + 1.06% Day High: 1107.5 Day Low: 1072

In the event of Carnival enjoying further trades beyond 1107.5, the share ……..

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LSE:HIK Hikma. Close Mid-Price: 1925 Percentage Change: + 1.32% Day High: 1932.5 Day Low: 1899

Target met. All Hikma needs are mid-price trades ABOVE 1932.5 to improve ……..

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LSE:PHP Primary Health Close Mid-Price: 99.25 Percentage Change: -0.05% Day High: 100.1 Day Low: 98.3

Weakness on Primary Health below 98.3 will invariably lead to 92 next wit ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 109.35 Percentage Change: -0.91% Day High: 111.2 Day Low: 108.1

Continued weakness against TW. taking the price below 108.1 calculates as ……..

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*** End of “Updated Today” comments on shares.

Howden Joinery Group Plc (LSE:HWDN), building a future?

#Gold #Nasdaq  Builders like to complain. For quite some time, friends in the industry moaned incessantly about the Covid-19 related downturn and now, following a couple of months populated by a busy silence, they’re whining again. Apparently, joiners and scaffolders are the worst, when it comes to working in the hot temperatures currently being suffered by Scotland, a few days approaching 30c proving sufficient to bring complaints to the fore. In fairness, Scotland is fine tuned for pretty rubbish average weather, the majority of folk not accustomed to unexpected events like “summer”.

 

This gripe about the current weather has quite a bit to do with Howdens share price as it appears the building industry, for local traders, is quite firmly kicking into action again. Howdens, Supplier of Fitted Kitchens to The Queen, complete with the appropriate royal warrant, appear well placed to experience some share price recovery as confidence in trading conditions must surely equate to confidence in ongoing profits.

Their share price has been essentially mucking around so far in 2023 but there are recent signs the value may be expected to break from the immediate malaise.

 

We’ve allocated 706p as holding the potential for a trigger level. Above 706p should prove capable of the share entering a recovery cycle to an initial 800p with secondary, if exceeded, at a longer term 912p, a price level where the historicals give a visual slight impression for some hesitation. Certainly, should 912p make an appearance, we shall feel duty bound to revisit this FTSE250 component, once again reading the tea leaves as some fairly strong longer term potentials become available.

 

For now, if Howden wish to blot their copybook, the share price needs below 650p to risk some anarchy, threatening reversal to an initial 503p with secondary, if broken, an improbable looking 342p as “bottom”.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:08:48PM BRENT 73.67 ‘cess
9:11:15PM GOLD 1946.29 1939 1936 1928 1951 1960 1963 1971 1950 Shambles
9:14:31PM FTSE 7592.87 Success
9:55:54PM STOX50 4390
9:59:39PM GERMANY 16263.04 ‘cess
10:03:50PM US500 4331 ‘cess
10:07:11PM DOW 33703 Success
10:11:24PM NASDAQ 14839.6 14765 14653 14521 15955 15051 15140 15259 14920 ‘cess
10:13:33PM JAPAN 33638

 

14/06/2023 FTSE Closed at 7602 points. Change of 0.11%. Total value traded through LSE was: £ 6,409,785,309 a change of 14.25%
13/06/2023 FTSE Closed at 7594 points. Change of 1.66%. Total value traded through LSE was: £ 5,610,301,636 a change of 24.77%
12/06/2023 FTSE Closed at 7470 points. Change of -1.22%. Total value traded through LSE was: £ 4,496,360,714 a change of 0.19%
9/06/2023 FTSE Closed at 7562 points. Change of -0.49%. Total value traded through LSE was: £ 4,487,952,425 a change of -12.07%
8/06/2023 FTSE Closed at 7599 points. Change of -0.33%. Total value traded through LSE was: £ 5,104,102,479 a change of 3.08%
7/06/2023 FTSE Closed at 7624 points. Change of -0.05%. Total value traded through LSE was: £ 4,951,636,659 a change of 0.85%
6/06/2023 FTSE Closed at 7628 points. Change of 0.38%. Total value traded through LSE was: £ 4,909,723,355 a change of 21.93%

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:AML Aston Martin** **LSE:AVCT Avacta** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:IAG British Airways** **LSE:NG. National Glib** **

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Updated charts published on : Aston Martin, Avacta, Caspian, Carnival, British Airways, National Glib,

LSE:AML Aston Martin. Close Mid-Price: 298.6 Percentage Change: + 7.10% Day High: 298 Day Low: 284

Target met. Continued trades against AML with a mid-price ABOVE 298 shoul ……..

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LSE:AVCT Avacta Close Mid-Price: 103 Percentage Change: -1.44% Day High: 104.5 Day Low: 100

In the event Avacta experiences weakness below 100 it calculates with a d ……..

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LSE:CASP Caspian Close Mid-Price: 4.6 Percentage Change: -5.15% Day High: 4.85 Day Low: 4.25

Target met. Continued weakness against CASP taking the price below 4.25 c ……..

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LSE:CCL Carnival. Close Mid-Price: 1088 Percentage Change: + 2.21% Day High: 1100 Day Low: 1070

Target met. Further movement against Carnival ABOVE 1100 should improve a ……..

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LSE:IAG British Airways. Close Mid-Price: 165.8 Percentage Change: + 0.03% Day High: 166.4 Day Low: 164.85

Continued trades against IAG with a mid-price ABOVE 166.4 should improve ……..

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LSE:NG. National Glib Close Mid-Price: 1031.5 Percentage Change: -0.43% Day High: 1038.5 Day Low: 1028.5

Target met. In the event National Glib experiences weakness below 1028.5 ……..

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*** End of “Updated Today” comments on shares.

Asos Plc, exploring the lows of fashion?

#FTSE #SP500  When we previously reviewed Asos a year ago, we’d given quite a dire prediction with movement below 775 looking capable of a visit to 592p with secondary, if broken, an eventual bottom of a silly looking 90p. Now, from reading the gossip columns in the financial press, it appears others may be raising an eyebrow at the share price of this fallen star of the fashion world.

Mr Ashley and his Frasers Group have now apparently increased their share holding to just under 10% of the equity, challenging another couple of guys who believe they are capable of turning the company around from within.

 

No matter what, Asos appears to be living in interesting times and while we’re no longer pointing to 90p as a potential bottom, it currently appears weakness below just  322p threatens ongoing reversal to 277p, a price level not witnessed since 2009. If broken, our secondary and ultimate bottom now calculates down at an eventual 139p, hopefully with a bounce. Our suspicion is fairly basic, should Mr Ashley opt to try for a takeover, anytime between current and 277p shall make a lot of sense.

 

Of course, there is always the question, will people continue purchasing online, if they can once again make terrible fashion decisions in stores?

 

If any bounce is to prove valid, it currently calculates above 412p should tick the first box for viable recovery, pointing at the potential of recovery to an initial 443p with secondary, if exceeded, working out a 589p. This secondary should prove important, allowing the share price the opportunity to eventually close above Red on the chart (presently 498p) and offer great things for the future.

Unfortunately, as mentioned early, it’s easy to believe a “bottom” shall occur anywhere between current and 277p, if a battle between giants kicks off for the perceived value of this fashion retailer.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:22:54PM BRENT 74.15 ‘cess
11:06:57PM GOLD 1944.18
11:09:02PM FTSE 7591.87 7581 7570 7557 7601 7601 7616 7637 7583 Shambles
11:11:41PM STOX50 4351.9 Success
11:13:50PM GERMANY 16230.28
11:16:20PM US500 4367.57 4334 4323 4306 4355 4375 4386 4399 4353 ‘cess
11:19:31PM DOW 34127 Success
11:21:37PM NASDAQ 14916.59 ‘cess
11:25:18PM JAPAN 33456 Success

 

13/06/2023 FTSE Closed at 7594 points. Change of 1.66%. Total value traded through LSE was: £ 5,610,301,636 a change of 24.77%
12/06/2023 FTSE Closed at 7470 points. Change of -1.22%. Total value traded through LSE was: £ 4,496,360,714 a change of 0.19%
9/06/2023 FTSE Closed at 7562 points. Change of -0.49%. Total value traded through LSE was: £ 4,487,952,425 a change of -12.07%
8/06/2023 FTSE Closed at 7599 points. Change of -0.33%. Total value traded through LSE was: £ 5,104,102,479 a change of 3.08%
7/06/2023 FTSE Closed at 7624 points. Change of -0.05%. Total value traded through LSE was: £ 4,951,636,659 a change of 0.85%
6/06/2023 FTSE Closed at 7628 points. Change of 0.38%. Total value traded through LSE was: £ 4,909,723,355 a change of 21.93%
5/06/2023 FTSE Closed at 7599 points. Change of -0.11%. Total value traded through LSE was: £ 4,026,661,677 a change of -31.04%

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:CASP Caspian** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:NG. National Glib** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Caspian, Cellular Goods, Carnival, Hargreaves Lansdown, British Airways, National Glib, Taylor Wimpey, Vodafone, Zoo Digital,

LSE:CASP Caspian Close Mid-Price: 4.85 Percentage Change: -3.96% Day High: 5.05 Day Low: 4.85

If Caspian experiences continued weakness below 4.85, it will invariably ……..

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LSE:CBX Cellular Goods Close Mid-Price: 0.82 Percentage Change: -2.94% Day High: 0.85 Day Low: 0.82

Weakness on Cellular Goods below 0.82 will invariably lead to 0.58 and ho ……..

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LSE:CCL Carnival. Close Mid-Price: 1064.5 Percentage Change: + 3.90% Day High: 1069 Day Low: 1028

Target met. All Carnival needs are mid-price trades ABOVE 1069 to improve ……..

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 863.4 Percentage Change: + 0.49% Day High: 874 Day Low: 861

All Hargreaves Lansdown needs are mid-price trades ABOVE 874 to improve a ……..

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LSE:IAG British Airways. Close Mid-Price: 165.75 Percentage Change: + 1.66% Day High: 165.75 Day Low: 163.05

Target met. All British Airways needs are mid-price trades ABOVE 165.75 ……..

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LSE:NG. National Glib Close Mid-Price: 1036 Percentage Change: -1.10% Day High: 1047.5 Day Low: 1034.5

Target met. Continued weakness against NG. taking the price below 1034.5 ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 110.9 Percentage Change: -3.23% Day High: 115.15 Day Low: 109.7

In the event Taylor Wimpey experiences weakness below 109.7 it calculates ……..

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LSE:VOD Vodafone Close Mid-Price: 72.43 Percentage Change: -0.58% Day High: 73.67 Day Low: 71.71

Target met. If Vodafone experiences continued weakness below 71.71, it wi ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 116 Percentage Change: + 0.43% Day High: 117 Day Low: 111.5

Continued weakness against ZOO taking the price below 111.5 calculates as ……..

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*** End of “Updated Today” comments on shares.

Angling Direct (LSE:ANG), a decent catch?

#Gold #WallSt  Living by the sea here in Argyll, we’ve a quite ambiguous relationship with fishing. An outdoors shed is almost entirely given over to the pass-time, containing a bewildering range of rods, reels, lures, nets, waterproofs, all the paraphernalia a proper fisherman needs. Aside from our little boat, we’ve not spent a penny on this homage to the sport, friends preferring to leave their equipment as it’s always here for their next visit.

 

Some years, we become utterly fed up eating mackerel, other years it’s trout, and everything always punctuated by the occasional dozy Pollock.

Folk tend to cling to an assumption I enjoy wishing, due to the oft repeated tale of the time I caught a salmon. Sitting beside a local river estuary at low tide, salmon could be often seen battling their way upstream through the shallows and rocks exposed by the reduced sea level. In a fit of madness, I had jumped in after one, eventually catching it in a bear hug, making my way to shore, and giving it to one of the local lads who haunted the river with something called ‘A Gaff’, essentially a big steel hook at the end of a stick.

Arriving home, soaked, no-one believed the story until he turned up later with £10, payment from the local hotel. The actual value may have been quite a bit higher as this event took place before farmed fish became commonplace, with a commensurate reduction in the price of fresh salmon. And from memory, the fish was almost too heavy for 8 year old me to lift.

However, catching a fish by hand didn’t set me up to become fanatical about the sport, probably quite the opposite. But I’m always impressed at quite how much money folk are prepared to spend in following the sport, going through life ignorant of the truism; it’s called “Fishing” and not “Catching”…

 

Angling Direct, both online and with a chain of store in England, appear to be covering all bases and even ensuring prospective fishermen have the correct clothing for the sport, less they disappoint their target audience by wearing the wrong hat or incorrect sunglasses. Few people would enjoy going through life, knowing they had failed to impress a fish.

All joking aside, one item of clothing in the countryside which always proves useful is a body warmer (a gilet), something with a decent selection of pockets. And experience has taught, the only reliable place to purchase useful body warmers are angling stores, presumably manufactured with the assumption buyers want more than a pocket for a mobile phone and some shotgun cartridges.

 

Prompting this visit to Angling Direct share price was the news a chum is visiting for the weekend, intending to get some fishing in. He has apparently bought a new rod, an item which should prove capable of casting lures further than ever before. My usual contribution to proceedings will be aiming the boat, sometimes tying up are moorings, more often opening a bottle of cider. It makes for a very relaxed day, usually unsullied by the unpleasant duty of netting any fish.

 

Currently trading around 31p, Angling Direct (LSE:ANG) only need exceed this level to make an attempt at 36 next with our secondary, if exceeded at a visually sane 40p and some probable hesitation, due to a little historical plateau at this level. But for the longer term, closure above 40p becomes a crucial ambition, dropping the share price into an area where it could easily lure a long term visit to 79p and hopefully beyond.

The share price looks like it’s now capable of some recovery and we suspect the important task shall be to aim to exceed the pre-pandemic high again.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:50:46PM BRENT 71.89 Success
9:52:43PM GOLD 1957.33 1949 1938 1923 1959 1967 1973 1981 1954 ‘cess
9:54:51PM FTSE 7585.8
9:56:39PM STOX50 4335.9 ‘cess
9:58:54PM GERMANY 16156 Success
10:21:29PM US500 4343.57 Success
10:24:12PM DOW 34069 33867 33795 33700 33974 34080 34180 34291 33933 ‘cess
10:26:53PM NASDAQ 14816.72 Success
10:29:55PM JAPAN 32700 ‘cess

 

12/06/2023 FTSE Closed at 7470 points. Change of -1.22%. Total value traded through LSE was: £ 4,496,360,714 a change of 0.19%
9/06/2023 FTSE Closed at 7562 points. Change of -0.49%. Total value traded through LSE was: £ 4,487,952,425 a change of -12.07%
8/06/2023 FTSE Closed at 7599 points. Change of -0.33%. Total value traded through LSE was: £ 5,104,102,479 a change of 3.08%
7/06/2023 FTSE Closed at 7624 points. Change of -0.05%. Total value traded through LSE was: £ 4,951,636,659 a change of 0.85%
6/06/2023 FTSE Closed at 7628 points. Change of 0.38%. Total value traded through LSE was: £ 4,909,723,355 a change of 21.93%
5/06/2023 FTSE Closed at 7599 points. Change of -0.11%. Total value traded through LSE was: £ 4,026,661,677 a change of -31.04%
2/06/2023 FTSE Closed at 7607 points. Change of 1.56%. Total value traded through LSE was: £ 5,839,256,981 a change of 14.36%

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:ASC Asos** **LSE:CASP Caspian** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:HL. Hargreaves Lansdown** **LSE:QED Quadrise** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Asos, Caspian, Cellular Goods, Carnival, Hargreaves Lansdown, Quadrise, Vodafone, Zoo Digital,

LSE:ASC Asos. Close Mid-Price: 329.3 Percentage Change: + 1.29% Day High: 330.7 Day Low: 322.3

If Asos experiences continued weakness below 322, it will invariably lead ……..

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LSE:CASP Caspian Close Mid-Price: 5.05 Percentage Change: -8.18% Day High: 5.3 Day Low: 5.05

Weakness on Caspian below 5.05 will invariably lead to 4.5 with secondary ……..

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LSE:CBX Cellular Goods Close Mid-Price: 0.85 Percentage Change: -2.86% Day High: 0.88 Day Low: 0.85

Continued weakness against CBX taking the price below 0.85 calculates as ……..

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LSE:CCL Carnival. Close Mid-Price: 1024.5 Percentage Change: + 12.66% Day High: 1045 Day Low: 907.8

Target met. Continued trades against CCL with a mid-price ABOVE 1045 shou ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 859.2 Percentage Change: -0.28% Day High: 872.6 Day Low: 855.2

In the event of Hargreaves Lansdown enjoying further trades beyond 872.6, ……..

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LSE:QED Quadrise. Close Mid-Price: 1.47 Percentage Change: + 15.72% Day High: 1.65 Day Low: 1.5

Target met. All Quadrise needs are mid-price trades ABOVE 1.65 to improve ……..

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LSE:VOD Vodafone Close Mid-Price: 72.85 Percentage Change: -2.71% Day High: 74.85 Day Low: 72.91

In the event Vodafone experiences weakness below 72.91 it calculates with ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 115.5 Percentage Change: -1.70% Day High: 117.5 Day Low: 115.5

In the event Zoo Digital experiences weakness below 115.5 it calculates w ……..

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*** End of “Updated Today” comments on shares.

Barclays (LSE:BARC) and the long sleep theory

#Brent #Dax  Reading a throwaway comment over the weekend provided genuine pause for thought. The famous Wall St crash of 1929, notorious for the first real incident of “It’s Raining Men” which precursed the famous Weather Girls tune. The commentary finished with a conclusion, one which suggested the 1929 crash didn’t complete until 16 years later, following the 2nd World War.

Our thinking was easily captured by an attractive implication embodied within this thinking.

 

If the market crash of 2007/8/9 is to be viewed in a similar fashion, perhaps there’s a chance of some solace finally making an appearance, at least for the UK and European markets. While the USA has adopted an “all steam ahead” approach since the most recent crash, on this side of the water, especially with the financial sector, we’ve remained trapped in stodge, banking shares proving especially pathetic which hoping to see signals of imminent hope. Instead, every three weeks, we find ourselves searching for any suggestions of optimism, creating scenario which even if triggered, tend to fizzle out like a Pound Shop firework.

All things considered, it’s an interesting thought, one which suggests we may finally be approaching an era where banking sector shares actually start moving with a degree of integrity!

 

 

Of course, this is all an excuse to try and explain why Barclays, no matter what we say every three weeks, never actually enacts any useful movements!

 

The immediate situation suggests strength above 166p should promote the concept of share price recovery to an initial 172p with secondary, if bettered, at 186p. We remain curious about the Blue downtrend on the chart as it dates back to 2007. Share price movements this year make it pretty clear the market regards this trend line as important and given the potentially positive effects of this scenario, any break now above Blue is liable to enjoy some strong long term potentials.

 

However, we have our doubts, exactly due to the reason the market regards Blue as critical. Instead, we suspect once again an attempt shall be enacted to keep Barclays marching on the spot as below 148p now looks capable of triggering reversal to an initial 133p, hopefully with a bounce. If broken, our secondary works out at a hopeful bottom of 112p.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
10:56:47PM BRENT 75.02 74.52 73.13 71.62 75.51 76.16 77.98 79.8 75.1
10:58:43PM GOLD 1961.09 1960
11:00:37PM FTSE 7571.85 7583
11:02:36PM STOX50 4296.6 4290
11:05:57PM GERMANY 15960.88 15917 15872 15821 15978 16015 16049 16093 15982
11:07:53PM US500 4303.57 4291
11:09:24PM DOW 33884.8 33811
11:11:24PM NASDAQ 14547 14463
11:13:53PM JAPAN 32347 32349

 

9/06/2023 FTSE Closed at 7562 points. Change of -0.49%. Total value traded through LSE was: £ 4,487,952,425 a change of -12.07%
8/06/2023 FTSE Closed at 7599 points. Change of -0.33%. Total value traded through LSE was: £ 5,104,102,479 a change of 3.08%
7/06/2023 FTSE Closed at 7624 points. Change of -0.05%. Total value traded through LSE was: £ 4,951,636,659 a change of 0.85%
6/06/2023 FTSE Closed at 7628 points. Change of 0.38%. Total value traded through LSE was: £ 4,909,723,355 a change of 21.93%
5/06/2023 FTSE Closed at 7599 points. Change of -0.11%. Total value traded through LSE was: £ 4,026,661,677 a change of -31.04%
2/06/2023 FTSE Closed at 7607 points. Change of 1.56%. Total value traded through LSE was: £ 5,839,256,981 a change of 14.36%
1/06/2023 FTSE Closed at 7490 points. Change of 0.59%. Total value traded through LSE was: £ 5,105,968,663 a change of -64.14%

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:ASC Asos** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:HL. Hargreaves Lansdown** **LSE:IPF International Personal Finance** **LSE:JET Just Eat** **LSE:PMG Parkmead** **LSE:SRP Serco** **

********

Updated charts published on : Asos, Caspian, Carnival, Hargreaves Lansdown, International Personal Finance, Just Eat, Parkmead, Serco,

LSE:ASC Asos Close Mid-Price: 325.1 Percentage Change: -5.25% Day High: 348.8 Day Low: 328.3

If Asos experiences continued weakness below 328, it will invariably lead ……..

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LSE:CASP Caspian Close Mid-Price: 5.5 Percentage Change: -0.90% Day High: 5.55 Day Low: 5.3

Target Met. Now below 5.25 calculates with the potential of reversal to an ……..

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LSE:CCL Carnival. Close Mid-Price: 909.4 Percentage Change: + 1.36% Day High: 926 Day Low: 878

Above 926 should still make an attempt at 961 next with secondary, if beat ……..

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 861.6 Percentage Change: + 0.47% Day High: 870 Day Low: 858

Further movement against Hargreaves Lansdown ABOVE 870 should improve acc ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 118 Percentage Change: + 0.85% Day High: 120 Day Low: 116.5

Target met. In the event of International Personal Finance enjoying furth ……..

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LSE:JET Just Eat. Close Mid-Price: 1104 Percentage Change: + 0.91% Day High: 1103 Day Low: 1069

Continued weakness against JET taking the price below 1069 calculates as ……..

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LSE:PMG Parkmead Close Mid-Price: 18.5 Percentage Change: -5.13% Day High: 19.75 Day Low: 18.5

If Parkmead experiences continued weakness below 18.5, it will invariably ……..

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LSE:SRP Serco. Close Mid-Price: 143.8 Percentage Change: + 0.70% Day High: 144.2 Day Low: 139.1

Target met. Weakness on Serco below 139.1 will invariably lead to 137 wit ……..

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*** End of “Updated Today” comments on shares.

FTSE for FRIDAY (FTSE:UKX), looks like a sunny day 

#FTSE #GOLD  The downtrend on the FTSE which dates back to May 2018 appears to be still exerting influence across the market. As the chart and extracts below highlight quite clearly, extraordinary care has been taken to ensure the UK market has failed to close a session above the Blue line, something which may prove important if searching for a “safe” trade.

 

As always, we must remind readers there’s absolutely no such thing as a safe trade (stuff happens) but there’s a balance of probabilities. If the market decides it has sufficient excuse to allow the UK index to again close above the long term downtrend, we shall be inclined to take it as a strong signal yet another attempt to break upwards is once again about to occur. Then again, perhaps it’s also the case where the market has a case of nerves and what we’re seeing is the risk of imminent reversal due to this fear of closing above the trend.

Who knows?

Our inclination is to firstly present our positive scenario for the FTSE as the index needs very little work which should ideally trigger some near term gains. Near term, above 7639 points should prove capable of a lift to an initial 7699 points with secondary, if this initial is exceeded, calculating at 7747 points. Perhaps, with the US due to experience a Payrolls day on Friday, it shall be revealed mass employment has been discovered in an industry which involves geese and lots of golden eggs! If triggered, the tightest stop looks quite wide at 7582 points.

The alternate, reversal scenario, needs the index to wander below 7582 as this risks triggering reversal down to an initial 7564. Our secondary, should this modest level fail, calculates down at 7496 points.

Despite the lack of a grand-prix, have a good weekend. Perhaps there will be decent live music at Le Mans for the 24 hour race, not that we’re going. Live commentary tends become tedious, after the first few minutes.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:43:15PM BRENT 75.57 73.52 72.41 75.49 76.77 77.49 75.74 Shambles
10:45:13PM GOLD 1965.75 1953 1941 1967 1970 1978 1961 Success
10:47:40PM FTSE 7619 7585 7581 7605 7627 7640 7607
10:49:09PM STOX50 4310.9 4270 4253 4294 4311 4324 4287
10:51:00PM GERMANY 16012.72 15886 15821 15961 16027 16075 15936
10:52:44PM US500 4294.52 4259 4242 4276 4300 4313 4279
11:01:16PM DOW 33815.9 33588 33496 33680 33868 33893 33756 ‘cess
11:03:15PM NASDAQ 14495.47 14239 14151 14353 14511 14617 14400 ‘cess
11:05:13PM JAPAN 31877 31412 31272 31700 32030 32094 31715

 

8/06/2023 FTSE Closed at 7599 points. Change of -0.33%. Total value traded through LSE was: £ 5,104,102,479 a change of 3.08%
7/06/2023 FTSE Closed at 7624 points. Change of -0.05%. Total value traded through LSE was: £ 4,951,636,659 a change of 0.85%
6/06/2023 FTSE Closed at 7628 points. Change of 0.38%. Total value traded through LSE was: £ 4,909,723,355 a change of 21.93%
5/06/2023 FTSE Closed at 7599 points. Change of -0.11%. Total value traded through LSE was: £ 4,026,661,677 a change of -31.04%
2/06/2023 FTSE Closed at 7607 points. Change of 1.56%. Total value traded through LSE was: £ 5,839,256,981 a change of 14.36%
1/06/2023 FTSE Closed at 7490 points. Change of 0.59%. Total value traded through LSE was: £ 5,105,968,663 a change of -64.14%
31/05/2023 FTSE Closed at 7446 points. Change of -100%. Total value traded through LSE was: £ 14,237,190,282 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:DGE Diageo** **LSE:FGP Firstgroup** **LSE:HL. Hargreaves Lansdown** **LSE:IPF International Personal Finance** **LSE:JET Just Eat** **LSE:QED Quadrise** **LSE:VOD Vodafone** **

********

Updated charts published on : Diageo, Firstgroup, Hargreaves Lansdown, International Personal Finance, Just Eat, Quadrise, Vodafone,

LSE:DGE Diageo Close Mid-Price: 3326 Percentage Change: -0.22% Day High: 3361 Day Low: 3304.5

Weakness on Diageo below 3304 will invariably lead to 3288 with secondary ……..

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LSE:FGP Firstgroup. Close Mid-Price: 135.2 Percentage Change: + 13.90% Day High: 143.6 Day Low: 125.9

Target Met. This now shows interesting potentials as above 144 indicates t ……..

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 857.6 Percentage Change: + 3.10% Day High: 863.2 Day Low: 831.4

Continued trades against HL. with a mid-price ABOVE 864 should improve the ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 117 Percentage Change: + 3.08% Day High: 117.5 Day Low: 112

Continued trades against IPF with a mid-price ABOVE 118 should improve the ……..

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LSE:JET Just Eat Close Mid-Price: 1094 Percentage Change: -4.95% Day High: 1178 Day Low: 1091

Target Met. This is getting potentially very bad as movement below 1091 no ……..

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LSE:QED Quadrise. Close Mid-Price: 1.29 Percentage Change: + 28.87% Day High: 1.22 Day Low: 1.2

Something has happened! Above 1.34 now suggests traffic to an initial 1.62 ……..

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LSE:VOD Vodafone Close Mid-Price: 74.15 Percentage Change: -5.52% Day High: 75.68 Day Low: 73.96

Target Met. Below 73 now suggests 71 next with our secondary, if broken, a ……..

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*** End of “Updated Today” comments on shares.

Wall Street (DOWi:DJI) and a strange flat line!

#Gold #Japan  Everyone knows the markets are about to collapse. We can read news of this, literally daily, across most of the financial media but of course, the reality is proving quite different. Markets are neither collapsing or rising at present, mainly flaffing around and doing very little, if we’re honest. Since April, Wall St has effectively described a flat line, albeit a line which is a difficult 1500 points wide.

This behaviour is especially a nuisance, due to most of the action actually taking place in the opening seconds of trade with the resultant session proving as interesting as watching a flower moving to track the sun. It’s making any concept of being glued to our monitors, watching “the action”, something difficult to justify and unfortunately, this malaise and lack of purpose feels standard across both the European and US markets. Japan, while more active, is pointless due to the difficulty in trading shares most Western brokerage accounts don’t list.

 

We’ve a term we often use in-house; “if it ain’t going up, check for signals it’s going down” with the contra also proving true, often.

 

 

However, there’s something else which has become fairly common over the last few years, a reality where a price goes up, reaches a level, and then relaxes for a while, neither heading upward or downward with any real strength. This is the situation with which we find Wall St at present and it’s a fairly big deal. According to a few of our rules, Wall St should be heading to 35,400 points currently, rather than messing around and doing very little.

Does this mean we should advocate the potential of panic in the months ahead?

 

In an answer with is at odds with our trite; “if it ain’t going up” saying, we’re not convinced reversal is waiting in the wings. Instead, we suspect this US market is awaiting something it perceives as good news which shall force sharp market gains. The earliest signal for upward travel looks like above 34,000 points triggering a change in fortunes to an initial 35,440 points with secondary, if exceeded, at a longer term attraction around 37,100 and a brand new all time high for the index. In fact, from a bigger picture viewpoint, conventional logic suggests the market is supposed to be flirting with the idea of paying homage above 40,000 points eventually. Of course, none of this matches the daily rhetoric found in the financial media, where people appear to measure their contribution by the weight of negativity they provide.

 

Inevitably, there are risks with assuming this hiatus in an upward cycle is “just” a pause, while awaiting a positive driving force. We complain, frequently, of the harsh reality that when we review shares which are not in the “sexy” category such as found with the Nasdaq, where just 20 shares out of 500 constituents outperform sufficiently to make the entire index look incredibly healthy. Only when one drills down to mundane shares (usually household names) does a different reality become clear of unpleasant numbers of shares remaining embedded in trading levels which fail to exceed the highs achieved before the pandemic drop in 2020.

Maybe it shall prove to be the case, true growth for Wall St (and everyone else) shall only commence once a cure is discovered to assist the majority of shares “stuck” at pandemic levels. It’s already clear higher interest rates haven’t worked, higher inflation hasn’t helped, higher boardroom pay hasn’t helped. Maybe it shall be the case where less regulation (where regulation often seems to be for its own sake) shall assist in a return to times when business’s could actually drive themselves forward.

While we’re talking about the USA, it’s difficult not to remember Jeremy Clarkston and his little farm, constantly foiled in every attempt to improve his business by nonsense levels of regulation.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:52:23PM BRENT 76.76 ‘cess
10:55:14PM GOLD 1940.4 1939 1931 1918 1948 1954 1956 1961 1944 ‘cess
10:57:19PM FTSE 7629.05
11:00:12PM STOX50 4289.5
11:02:33PM GERMANY 15948.18
11:05:14PM US500 4272.32
11:17:20PM DOW 33676 ‘cess
11:20:07PM NASDAQ 14316 Success
11:22:26PM JAPAN 31872 31757 31533 31142 31928 32288 32338 32421 32015 Success

 

7/06/2023 FTSE Closed at 7624 points. Change of -0.05%. Total value traded through LSE was: £ 4,951,636,659 a change of 0.85%
6/06/2023 FTSE Closed at 7628 points. Change of 0.38%. Total value traded through LSE was: £ 4,909,723,355 a change of 21.93%
5/06/2023 FTSE Closed at 7599 points. Change of -0.11%. Total value traded through LSE was: £ 4,026,661,677 a change of -31.04%
2/06/2023 FTSE Closed at 7607 points. Change of 1.56%. Total value traded through LSE was: £ 5,839,256,981 a change of 14.36%
1/06/2023 FTSE Closed at 7490 points. Change of 0.59%. Total value traded through LSE was: £ 5,105,968,663 a change of -64.14%
31/05/2023 FTSE Closed at 7446 points. Change of -1.01%. Total value traded through LSE was: £ 14,237,190,282 a change of 154.29%
30/05/2023 FTSE Closed at 7522 points. Change of -100%. Total value traded through LSE was: £ 5,598,786,913 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:BT.A British Telecom** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:QED Quadrise** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SRP Serco** **

********

Updated charts published on : British Telecom, Cellular Goods, Carnival, Just Eat, Marks and Spencer, Quadrise, Scottish Mortgage Investment Trust, Serco,

LSE:BT.A British Telecom. Close Mid-Price: 149.45 Percentage Change: + 3.75% Day High: 150.55 Day Low: 143.35

Above 158 now looks capable of triggering movement to an initial 165 with ……..

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LSE:CBX Cellular Goods Close Mid-Price: 0.88 Percentage Change: -0.57% Day High: 0.88 Day Low: 0.88

This is a bit grim as below .88 now suggests a visit to 0.58 and hopefully ……..

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LSE:CCL Carnival. Close Mid-Price: 910.2 Percentage Change: + 2.18% Day High: 922.4 Day Low: 882

Above 923 should still make an attempt at 961 next with secondary, if beat ……..

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LSE:JET Just Eat Close Mid-Price: 1151 Percentage Change: -1.46% Day High: 1166 Day Low: 1130

In the event Just Eat experiences weakness below 1130 it calculates with a ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 189.75 Percentage Change: + 1.15% Day High: 194.95 Day Low: 188.55

Continued trades against MKS with a mid-price ABOVE 195 should improve the ……..

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LSE:QED Quadrise Close Mid-Price: 1 Percentage Change: -6.88% Day High: 1.05 Day Low: 0.95

Weakness on Quadrise below 0.95 will invariably lead to 0.7 and that’s it. ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 696 Percentage Change: -0.57% Day High: 700.2 Day Low: 687.6

Scottish Mortgage Investment Trust needs mid-price trades ABOVE 701 to con ……..

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LSE:SRP Serco Close Mid-Price: 142.6 Percentage Change: -0.63% Day High: 144.8 Day Low: 140.8

If Serco experiences continued weakness below 140.8, it will invariably le ……..

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*** End of “Updated Today” comments on shares.