Author: T&T Staff

#FTSE #Nasdaq

Before we dig into Persimmon, along with the wider construction industry, it’s maybe worth mentioning it looks like folk will be able to heat their home! The price of Natural Gas, which has been falling all year (okay, the last 12 sessions) has become interesting, now reaching levels last seen in June 2021. Hopefully, this shall drive energy prices down, along with the rate of inflation, as gas looks capable of returning to its historical trading range.

Currently trading around 3.445USD, it appears a bucket of Natural Gas (or however it’s priced) fetching below $3.3 risks promoting reversal down to 2.65 next with secondary, if broken, an improbable looking long term 1.07 dollars. Perhaps the Ukraine thing shall decide to stick its oar in to spoil the logic pointing at reversals. Natural Gas requires above $4.60 to cancel the reversal argument.

 

As for Persimmon, our inclination is toward some optimism for their share price. After all, if people can afford to heat their house, perhaps they shall also be inclined to buy a new one. Aligning with this theory, it appears the construction industry index, the catchy named FTSE:NMW501010 is doing all the right things, even trading above is level pre-pandemic. If things go in accordance with other indices, this market (presently trading around 7600 points) is heading toward an eventual 8,500 points, a level at which we shall need revisit the numbers.

With the builder trading around 1427p at present, above 1445p looks capable of triggering a lift to 1645p next, coming close to regaining the Red uptrend which dates back to 2009. Above 1645p, our secondary calculates at a longer term 1911p, a price level where the visuals almost certainly mandate some hesitation. For the distant future to become rosy, share price closure above 1911 shall be regarded as sufficient reason to once again stare hard at the tea leaves as considerable strength allegedly becomes available.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:29:01PM	BRENT	86.75									Success
9:58:46PM	GOLD	1909.26									‘cess
10:01:08PM	FTSE	7849	7828	7811	7789	7862	7877	7889	7909	7841	Shambles
10:03:34PM	STOX50	4179.6									Shambles
10:06:07PM	GERMANY	15185.32
10:07:57PM	US500	3991.82
10:10:01PM	DOW	33894.5									Success
10:11:30PM	NASDAQ	11556.97	11467	11409	11338	11530	11589	11630	11693	11518
10:14:10PM	JAPAN	26296

 

17/01/2023 FTSE Closed at 7851 points. Change of -0.11%. Total value traded through LSE was: £ 6,501,128,630 a change of 48.1%

16/01/2023 FTSE Closed at 7860 points. Change of 0.2%. Total value traded through LSE was: £ 4,389,692,147 a change of -22.72%

13/01/2023 FTSE Closed at 7844 points. Change of 0.64%. Total value traded through LSE was: £ 5,680,414,260 a change of -0.9%

12/01/2023 FTSE Closed at 7794 points. Change of 0.91%. Total value traded through LSE was: £ 5,732,068,747 a change of -8.81%

11/01/2023 FTSE Closed at 7724 points. Change of 0.39%. Total value traded through LSE was: £ 6,286,062,115 a change of 15.31%

10/01/2023 FTSE Closed at 7694 points. Change of -0.39%. Total value traded through LSE was: £ 5,451,478,270 a change of 2.33%

9/01/2023 FTSE Closed at 7724 points. Change of 0.32%. Total value traded through LSE was: £ 5,327,251,474 a change of 8.1%

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:CASP Caspian** **LSE:EMG MAN** **LSE:GRG Greggs** **LSE:HSBA HSBC** **LSE:IHG Intercontinental Hotels Group** **LSE:ITRK Intertek** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:OXIG Oxford Instruments** **LSE:POLY Polymetal** **

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Updated charts published on : British Telecom, Caspian, MAN, Greggs, HSBC, Intercontinental Hotels Group, Intertek, Marks and Spencer, Natwest, Oxford Instruments, Polymetal,

LSE:BT.A British Telecom. Close Mid-Price: 132.2 Percentage Change: + 1.46% Day High: 132.45 Day Low: 129.9

Further movement against British Telecom ABOVE 132.45 should improve acce ……..

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LSE:CASP Caspian. Close Mid-Price: 5.45 Percentage Change: + 5.83% Day High: 5.55 Day Low: 5.15

Target met. All Caspian needs are mid-price trades ABOVE 5.55 to improve ……..

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LSE:EMG MAN Close Mid-Price: 236.9 Percentage Change: -0.29% Day High: 239.9 Day Low: 235.8

Further movement against MAN ABOVE 239.9 should improve acceleration towa ……..

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LSE:GRG Greggs. Close Mid-Price: 2580 Percentage Change: + 0.00% Day High: 2586 Day Low: 2528

As normality continues to raise its ugly head and folk return to the offic ……..

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LSE:HSBA HSBC Close Mid-Price: 591.2 Percentage Change: -0.82% Day High: 596.7 Day Low: 589.1

Further movement against HSBC ABOVE 596.7 should improve acceleration tow ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5460 Percentage Change: + 0.66% Day High: 5496 Day Low: 5408

In the event of Intercontinental Hotels Group enjoying further trades bey ……..

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LSE:ITRK Intertek. Close Mid-Price: 4379 Percentage Change: + 0.09% Day High: 4397 Day Low: 4340

All Intertek needs are mid-price trades ABOVE 4397 to improve acceleratio ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 150.9 Percentage Change: + 0.53% Day High: 152.5 Day Low: 146.5

All Marks and Spencer needs are mid-price trades ABOVE 152.5 to improve a ……..

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LSE:NWG Natwest. Close Mid-Price: 298.7 Percentage Change: + 0.74% Day High: 300.3 Day Low: 294.9

In the event of Natwest enjoying further trades beyond 300.3, the share s ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2285 Percentage Change: -1.08% Day High: 2320 Day Low: 2215

Target met. Continued trades against OXIG with a mid-price ABOVE 2320 sho ……..

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LSE:POLY Polymetal Close Mid-Price: 324 Percentage Change: -2.70% Day High: 355 Day Low: 308.8

All Polymetal needs are mid-price trades ABOVE 355 to improve acceleratio ……..

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

#Gold #SP500

We reviewed Synthomer last year, indicating our “ultimate” bottom, the level below which we cannot calculate, was at 159p. At the time, the share price was around 192p and now, unfortunately, it is trading at 150p, having visited just 85p last October. As a company renowned for their sticky coating, it’s a surprise to see their share price slide downhill so fast!

We always add a caveat to our scenario, when we mention an “ultimate bottom.” This represents a price level below which we cannot calculate and that’s it. As Synthomer proved, aside from a strange little stutter which acknowledged the presence of our target levels, the market then opted to manipulate (gap) the share price down to 110p, doubtless causing panic amongst investors, forcing the price to eventually hit 85p and bounce pretty solidly.

There’s been something quite off colour with the bounce.

We’ve a little purple line on the chart, representing our “ultimate bottom”. On several occasions, this share price has recovered, hit our historical 159p level, and refused to go any higher. With this sort of nonsense, it can price useful to keep a close eye on a share price. Essentially, closure ABOVE our 159p should prove significant, tending to imply the market overcooked the previous drop and intends to power some surprise recovery. In this instance, closure above 159p calculates with the potential of a visit to 194p initially with secondary, if exceeded, at a distant sounding 232p, along with the price regaining the long term uptrend.

 

Usually, we’d prefer to complete a report with a converse scenario but for Synthomer, the situation remains of a share price swimming in a zone where we can no longer calculate a logical bottom. But if a bloke stops you in the street and offers you £1.75 for every Synthomer share you take off his hands…

Perhaps it shall prove the case the current resurgence of the building trades will be regarded as useful for this FTSE250 constituent.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:08:51PM	BRENT	84.31
9:10:34PM	GOLD	1916.13	1911	1909	1902	1917	1930	1935	1943	1916
9:12:21PM	FTSE	7856.5
9:22:04PM	STOX50	4153.3
9:24:52PM	GERMANY	15121									‘cess
9:50:10PM	US500	3990.15	3976	3968	3963	3994	4007	4018	4029	3984	‘cess
9:52:17PM	DOW	34259
9:54:09PM	NASDAQ	11485									‘cess
10:24:04PM	JAPAN	25878									‘cess

 

16/01/2023 FTSE Closed at 7860 points. Change of 0.2%. Total value traded through LSE was: £ 4,389,692,147 a change of -22.72%

13/01/2023 FTSE Closed at 7844 points. Change of 0.64%. Total value traded through LSE was: £ 5,680,414,260 a change of -0.9%

12/01/2023 FTSE Closed at 7794 points. Change of 0.91%. Total value traded through LSE was: £ 5,732,068,747 a change of -8.81%

11/01/2023 FTSE Closed at 7724 points. Change of 0.39%. Total value traded through LSE was: £ 6,286,062,115 a change of 15.31%

10/01/2023 FTSE Closed at 7694 points. Change of -0.39%. Total value traded through LSE was: £ 5,451,478,270 a change of 2.33%

9/01/2023 FTSE Closed at 7724 points. Change of 0.32%. Total value traded through LSE was: £ 5,327,251,474 a change of 8.1%

6/01/2023 FTSE Closed at 7699 points. Change of 0.86%. Total value traded through LSE was: £ 4,928,257,963 a change of -18.51%

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:AVCT Avacta** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:ITRK Intertek** **LSE:MMAG Music Magpie** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:POLY Polymetal** **LSE:TW. Taylor Wimpey** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Asos, Avacta, Barclays, Barrett Devs, Caspian, Carnival, MAN, EasyJet, Foxtons, British Airways, Intercontinental Hotels Group, International Personal Finance, Intertek, Music Magpie, Ocado Plc, Oxford Instruments, Polymetal, Taylor Wimpey, Zoo Digital,

LSE:ASC Asos. Close Mid-Price: 783.5 Percentage Change: + 5.17% Day High: 811 Day Low: 740.5

Continued trades against ASC with a mid-price ABOVE 811 should improve th ……..

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LSE:AVCT Avacta. Close Mid-Price: 138 Percentage Change: + 2.91% Day High: 139.5 Day Low: 130.5

Target met. In the event of Avacta enjoying further trades beyond 139.5, ……..

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LSE:BARC Barclays. Close Mid-Price: 182.5 Percentage Change: + 0.97% Day High: 182.44 Day Low: 178.84

Target met. In the event of Barclays enjoying further trades beyond 182.4 ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 463.2 Percentage Change: + 1.80% Day High: 467.2 Day Low: 453.5

Target met. Further movement against Barrett Devs ABOVE 467.2 should impr ……..

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LSE:CASP Caspian. Close Mid-Price: 5.15 Percentage Change: + 15.73% Day High: 5.25 Day Low: 4.55

In the event of Caspian enjoying further trades beyond 5.25, the share sh ……..

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LSE:CCL Carnival. Close Mid-Price: 799.8 Percentage Change: + 5.26% Day High: 800.8 Day Low: 749.8

All Carnival needs are mid-price trades ABOVE 800.8 to improve accelerati ……..

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LSE:EMG MAN. Close Mid-Price: 237.6 Percentage Change: + 3.76% Day High: 238.6 Day Low: 232.7

Continued trades against EMG with a mid-price ABOVE 238.6 should improve ……..

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LSE:EZJ EasyJet. Close Mid-Price: 441.9 Percentage Change: + 2.46% Day High: 445.7 Day Low: 426.5

All EasyJet needs are mid-price trades ABOVE 445.7 to improve acceleratio ……..

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LSE:FOXT Foxtons. Close Mid-Price: 39.2 Percentage Change: + 4.26% Day High: 39.55 Day Low: 38

Further movement against Foxtons ABOVE 39.55 should improve acceleration ……..

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LSE:IAG British Airways. Close Mid-Price: 159.1 Percentage Change: + 1.13% Day High: 159.56 Day Low: 157.2

All British Airways needs are mid-price trades ABOVE 159.56 to improve a ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5424 Percentage Change: + 0.04% Day High: 5454 Day Low: 5348

Further movement against Intercontinental Hotels Group ABOVE 5454 should ……..

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LSE:IPF International Personal Finance Close Mid-Price: 76.9 Percentage Change: -1.41% Day High: 81.4 Day Low: 76

All International Personal Finance needs are mid-price trades ABOVE 81.4 ……..

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LSE:ITRK Intertek. Close Mid-Price: 4375 Percentage Change: + 2.22% Day High: 4374 Day Low: 4280

Further movement against Intertek ABOVE 4374 should improve acceleration ……..

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LSE:MMAG Music Magpie. Close Mid-Price: 40.2 Percentage Change: + 8.06% Day High: 40.7 Day Low: 37

In the event of Music Magpie enjoying further trades beyond 40.7, the sha ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 808 Percentage Change: + 5.18% Day High: 808.2 Day Low: 750

Continued trades against OCDO with a mid-price ABOVE 808.2 should improve ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2310 Percentage Change: + 2.67% Day High: 2305 Day Low: 2220

All Oxford Instruments needs are mid-price trades ABOVE 2305 to improve a ……..

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LSE:POLY Polymetal. Close Mid-Price: 333 Percentage Change: + 2.15% Day High: 344 Day Low: 317.9

Target met. In the event of Polymetal enjoying further trades beyond 344, ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 117.35 Percentage Change: + 2.27% Day High: 119.4 Day Low: 114.75

All Taylor Wimpey needs are mid-price trades ABOVE 119.4 to improve accel ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 163.5 Percentage Change: -6.03% Day High: 174 Day Low: 162.5

In the event Zoo Digital experiences weakness below 162.5 it calculates w ……..

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

#Brent #Dax

We’ve a habit, perhaps a bad habit, of awaiting market Futures opening at 11pm on Sunday evenings in the hope of gleaning just what Monday may have in store.  Unfortunately, it’s often the case the only confident signal is the expectation of the markets opening on Monday morning as everything else can be a little vague. Though increasingly, we’ve learned to take the stance if the Futures head in one direction at the evening re-open, we should anticipate the converse direction the following day.

This, obviously, makes about as much sense as the current Coal Mine protest in Germany, an operation approved by the Green Party and also, with remarkable multi-tasking, being objected to by the Greens. It’s proving rather more entertaining than attempts to demonise Prince Harry by the UK media, finally proving Germany does have a sense of humour.

 

Barclays share price also continues to amuse everyone and now faces a little challenge.

The share price has a Blue Line, a downtrend which dates back to 2007, and we’re increasingly curious as to whether it shall have an affect on share price performance in the near term. Friday have us sufficient reason for thought, the market taking the price almost to this trend line, only to hesitate in the final few minutes of trade. This downtrend calculates as being at 181.15p at time of writing. Our software demands closure above this level as being the trigger to commence a movement cycle to an initial 194p. Our longer term secondary, should such a point be exceeded, works out at a sane looking 216p, the same price level achieved as a high in 2022 and therefore, deserving some hesitation. We’re teasing with a discrete line at a long term 288p, this calculating as a potential target with movement above 216p.

For everything to go wrong, Barclays share price now needs below 156 to possibly trigger reversal to an initial 147 with secondary, if broken, a hopeful bottom still at 135p.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
10:01:09PM	BRENT	85.55	83.5	83.02	82.16	84.7	85.6	86.09	87.3	84.5
10:03:36PM	GOLD	1920.84								1891
10:05:17PM	FTSE	7855.54								7839
10:07:16PM	STOX50	4169.8								4124
10:08:51PM	GERMANY	15154.25	15037	14990	14935	15108	15155	15178	15225	15078
10:10:34PM	US500	3989.92								3971
10:12:15PM	DOW	34233.7								34126
10:30:49PM	NASDAQ	11494								11380
10:33:18PM	JAPAN	25805								25754

 

13/01/2023 FTSE Closed at 7844 points. Change of 0.64%. Total value traded through LSE was: £ 5,680,414,260 a change of -0.9%

12/01/2023 FTSE Closed at 7794 points. Change of 0.91%. Total value traded through LSE was: £ 5,732,068,747 a change of -8.81%

11/01/2023 FTSE Closed at 7724 points. Change of 0.39%. Total value traded through LSE was: £ 6,286,062,115 a change of 15.31%

10/01/2023 FTSE Closed at 7694 points. Change of -0.39%. Total value traded through LSE was: £ 5,451,478,270 a change of 2.33%

9/01/2023 FTSE Closed at 7724 points. Change of 0.32%. Total value traded through LSE was: £ 5,327,251,474 a change of 8.1%

6/01/2023 FTSE Closed at 7699 points. Change of 0.86%. Total value traded through LSE was: £ 4,928,257,963 a change of -18.51%

5/01/2023 FTSE Closed at 7633 points. Change of -100%. Total value traded through LSE was: £ 6,047,458,257 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:ASC Asos** **LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CNA Centrica** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:IQE IQE** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:POLY Polymetal** **LSE:RR. Rolls Royce** **LSE:TSCO Tesco** **

********

Updated charts published on : Asos, Avacta, Barclays, Barrett Devs, Centrica, MAN, EasyJet, Firstgroup, Foxtons, HSBC, British Airways, Intercontinental Hotels Group, IQE, Just Eat, Lloyds Grp., Marks and Spencer, Natwest, Ocado Plc, Polymetal, Rolls Royce, Tesco,

LSE:ASC Asos. Close Mid-Price: 745 Percentage Change: + 5.15% Day High: 764 Day Low: 698.5

Target met. All Asos needs are mid-price trades ABOVE 764 to improve acce ……..

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LSE:AVCT Avacta. Close Mid-Price: 134.1 Percentage Change: + 3.15% Day High: 133.5 Day Low: 129

Continued trades against AVCT with a mid-price ABOVE 133.5 should improve ……..

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LSE:BARC Barclays. Close Mid-Price: 180.74 Percentage Change: + 2.07% Day High: 180.98 Day Low: 176.94

All Barclays needs are mid-price trades ABOVE 180.98 to improve accelerat ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 455 Percentage Change: + 0.84% Day High: 454.9 Day Low: 447.7

Continued trades against BDEV with a mid-price ABOVE 454.9 should improve ……..

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LSE:CNA Centrica. Close Mid-Price: 96.8 Percentage Change: + 1.60% Day High: 98.56 Day Low: 95

Further movement against Centrica ABOVE 98.56 should improve acceleration ……..

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LSE:EMG MAN. Close Mid-Price: 229 Percentage Change: + 1.15% Day High: 232.1 Day Low: 225.4

In the event of MAN enjoying further trades beyond 232.1, the share shoul ……..

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LSE:EZJ EasyJet. Close Mid-Price: 431.3 Percentage Change: + 3.13% Day High: 440.3 Day Low: 417

In the event of EasyJet enjoying further trades beyond 440.3, the share s ……..

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LSE:FGP Firstgroup. Close Mid-Price: 108.7 Percentage Change: + 4.52% Day High: 109.5 Day Low: 103.7

All Firstgroup needs are mid-price trades ABOVE 109.5 to improve accelera ……..

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LSE:FOXT Foxtons. Close Mid-Price: 37.6 Percentage Change: + 5.92% Day High: 38.95 Day Low: 35.95

Continued trades against FOXT with a mid-price ABOVE 38.95 should improve ……..

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LSE:HSBA HSBC. Close Mid-Price: 591.2 Percentage Change: + 1.62% Day High: 594.6 Day Low: 584.2

Target met. All HSBC needs are mid-price trades ABOVE 594.6 to improve ac ……..

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LSE:IAG British Airways. Close Mid-Price: 157.32 Percentage Change: + 2.92% Day High: 157.32 Day Low: 151.74

In the event of British Airways enjoying further trades beyond 157.32, t ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5422 Percentage Change: + 1.50% Day High: 5448 Day Low: 5352

All Intercontinental Hotels Group needs are mid-price trades ABOVE 5448 t ……..

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LSE:IQE IQE. Close Mid-Price: 59.9 Percentage Change: + 2.74% Day High: 60.8 Day Low: 58.3

Target met. All IQE needs are mid-price trades ABOVE 60.8 to improve acce ……..

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LSE:JET Just Eat. Close Mid-Price: 2185.5 Percentage Change: + 2.99% Day High: 2262.5 Day Low: 2115

Target met. Further movement against Just Eat ABOVE 2262.5 should improve ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 49.62 Percentage Change: + 1.77% Day High: 49.96 Day Low: 48.8

Further movement against Lloyds Grp. ABOVE 49.96 should improve accelerat ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 145.9 Percentage Change: + 0.41% Day High: 150.3 Day Low: 144.9

Target met. In the event of Marks and Spencer enjoying further trades bey ……..

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LSE:NWG Natwest. Close Mid-Price: 295 Percentage Change: + 2.61% Day High: 295.4 Day Low: 288

All Natwest needs are mid-price trades ABOVE 295.4 to improve acceleratio ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 768.2 Percentage Change: + 1.37% Day High: 779.8 Day Low: 742

Target met. In the event of Ocado Plc enjoying further trades beyond 779. ……..

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LSE:POLY Polymetal. Close Mid-Price: 326 Percentage Change: + 3.49% Day High: 324.7 Day Low: 315

Continued trades against POLY with a mid-price ABOVE 324.7 should improve ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 108.76 Percentage Change: + 4.58% Day High: 109.56 Day Low: 104.18

Target met. Further movement against Rolls Royce ABOVE 109.56 should impr ……..

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LSE:TSCO Tesco Close Mid-Price: 245.6 Percentage Change: -0.16% Day High: 249.6 Day Low: 244.2

Continued trades against TSCO with a mid-price ABOVE 249.6 should improve ……..

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

#FTSE #Gold 

Microsoft Windows 10 had proven to be reliable, for us being as useful as the ancient Windows mainstay, Windows 98SE. Until today, when it blotted its copybook. An update arrived, asking if we wished to Update & Restart or Update and Shut Down. As it was a “spare” system, the latter choice was made and the machine obligingly went dark in 10 minutes.

We didn’t anticipate what came next. “Update and Shut Down” should perhaps be accompanied by the warning, “and not restart”. A battle is now being fought with the machine, thanks to making the mistake of assuming Windows Trouble-shooter wouldn’t become a rabbit hole more convoluted than the truth about what’s happening with UK fuel prices! To cut a long story short, we’ve reached our wits end with the machine and now, it’s getting a clean copy of Windows installed, a job which should take around 20 minutes rather than the six hours wasted, trying out Microsoft suggestions.

 

Obviously, this has nothing to do with the stock market, other than provide a simile for the point at which the FTSE finds itself currently. After wasting an entire year with dodgy index movements, the UK market finally opted to close a session above 7667 points a week ago, thus moving into prime territory to restart life on the UK’s premium stock exchange. It’s quite a big deal, exceeding the pre-pandemic high (Green) on the chart and now, the index resides in a zone where we can actually calculate a future 8225 points as a longer term viable ambition. The market needs slump below 7500 points to give the first indication of everything going terribly wrong but for now, our inclination is to treat this as the FTSE’s attempt to enact a clean install.

From a near term perspective, above 7810 points calculates with the potential of a lift toward 7858 points next with secondary, if bettered, at 7895 points. If triggered, the index needs below 7712 points to cancel the immediate perspective, a painfully wide stop loss level.

Our converse scenario, in the event the index wishes to play with folks heads, works out at weakness below 7756 risking triggering reversal to 7712 points with secondary, if broken, at 7681 points.

Have a good weekend and hope you enjoy the rain as much as we don’t…

.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:59:36PM	BRENT	83.94	82.29	81.295		83.44	84.64	84.83		83.28	‘cess
10:01:48PM	GOLD	1898.89	1873.86	1867		1884	1901.31	1905		1890	Success
10:03:35PM	FTSE	7809.4	7735	7721		7785	7813	7824		7788	‘cess
10:05:05PM	STOX50	4139.5	4099	4082		4130	4144	4150		4119	Success
10:07:41PM	GERMANY	15103.23	14947	14888		15078	15127	15175		15050
10:09:21PM	US500	3983.67	3933	3919		3973	4000	4007		3955	‘cess
10:11:53PM	DOW	34187	33714	33593		33949	34310	34423		34084	Success
10:13:46PM	NASDAQ	11455.72	11216	11096		11426	11504	11555		11374	‘cess
10:21:47PM	JAPAN	26221	25961	25851		26211	26461	26537		26293	Success

 

12/01/2023 FTSE Closed at 7794 points. Change of 0.91%. Total value traded through LSE was: £ 5,732,068,747 a change of -8.81%

11/01/2023 FTSE Closed at 7724 points. Change of 0.39%. Total value traded through LSE was: £ 6,286,062,115 a change of 15.31%

10/01/2023 FTSE Closed at 7694 points. Change of -0.39%. Total value traded through LSE was: £ 5,451,478,270 a change of 2.33%

9/01/2023 FTSE Closed at 7724 points. Change of 0.32%. Total value traded through LSE was: £ 5,327,251,474 a change of 8.1%

6/01/2023 FTSE Closed at 7699 points. Change of 0.86%. Total value traded through LSE was: £ 4,928,257,963 a change of -18.51%

5/01/2023 FTSE Closed at 7633 points. Change of -100%. Total value traded through LSE was: £ 6,047,458,257 a change of 0%

4/01/2023 FTSE Closed at 7585 points. Change of 0%. Total value traded through LSE was: £ 5,484,169,808 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:ASC Asos** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:IQE IQE** **LSE:JET Just Eat** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:TSCO Tesco** **

********

Updated charts published on : Asos, Barclays, BALFOUR BEATTY, Barrett Devs, EasyJet, Hikma, HSBC, British Airways, Igas Energy, Intercontinental Hotels Group, IQE, Just Eat, Music Magpie, Natwest, Ocado Plc, Tesco,

LSE:ASC Asos. Close Mid-Price: 708.5 Percentage Change: + 20.90% Day High: 717 Day Low: 560

Further movement against Asos ABOVE 717 should improve acceleration towar ……..

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LSE:BARC Barclays. Close Mid-Price: 177.08 Percentage Change: + 2.04% Day High: 178 Day Low: 174.24

Further movement against Barclays ABOVE 178 should improve acceleration t ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 355.4 Percentage Change: + 1.89% Day High: 357 Day Low: 340.6

Target met. In the event of BALFOUR BEATTY enjoying further trades beyond ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 451.2 Percentage Change: + 6.69% Day High: 453.5 Day Low: 423.8

Target met. All Barrett Devs needs are mid-price trades ABOVE 453.5 to im ……..

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LSE:EZJ EasyJet. Close Mid-Price: 418.2 Percentage Change: + 6.52% Day High: 419.5 Day Low: 395

Further movement against EasyJet ABOVE 419.5 should improve acceleration ……..

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LSE:HIK Hikma. Close Mid-Price: 1697.5 Percentage Change: + 1.01% Day High: 1715.5 Day Low: 1675

All Hikma needs are mid-price trades ABOVE 1715.5 to improve acceleration ……..

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LSE:HSBA HSBC. Close Mid-Price: 581.8 Percentage Change: + 2.14% Day High: 585.6 Day Low: 571.2

Target met. In the event of HSBC enjoying further trades beyond 585.6, th ……..

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LSE:IAG British Airways. Close Mid-Price: 152.86 Percentage Change: + 3.94% Day High: 154.36 Day Low: 146.5

Target met. Continued trades against IAG with a mid-price ABOVE 154.36 sh ……..

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LSE:IGAS Igas Energy Close Mid-Price: 22.35 Percentage Change: -4.89% Day High: 25 Day Low: 22.1

All Igas Energy needs are mid-price trades ABOVE 25 to improve accelerati ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5342 Percentage Change: + 1.87% Day High: 5368 Day Low: 5256

Target met. Continued trades against IHG with a mid-price ABOVE 5368 shou ……..

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LSE:IQE IQE. Close Mid-Price: 58.3 Percentage Change: + 1.92% Day High: 58.4 Day Low: 56.5

Target met. Further movement against IQE ABOVE 58.4 should improve accele ……..

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LSE:JET Just Eat. Close Mid-Price: 2122 Percentage Change: + 1.87% Day High: 2136 Day Low: 1996.8

Target met. In the event of Just Eat enjoying further trades beyond 2136, ……..

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LSE:MMAG Music Magpie. Close Mid-Price: 38.4 Percentage Change: + 3.78% Day High: 39.5 Day Low: 38

All Music Magpie needs are mid-price trades ABOVE 40 to improve accelerat ……..

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LSE:NWG Natwest. Close Mid-Price: 287.5 Percentage Change: + 2.64% Day High: 288.3 Day Low: 280

Target met. Continued trades against NWG with a mid-price ABOVE 288.3 sho ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 757.8 Percentage Change: + 3.52% Day High: 763.8 Day Low: 720

Further movement against Ocado Plc ABOVE 763.8 should improve acceleratio ……..

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LSE:TSCO Tesco. Close Mid-Price: 246 Percentage Change: + 0.94% Day High: 246.4 Day Low: 239.3

In the event of Tesco enjoying further trades beyond 246.4, the share sho ……..

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

#FTSE #DOW 

The news Direct Line decided to cancel their share dividend due to “the weather” sounds almost too ridiculous to believe. Apparently the brief cold snap in December caught the company unawares, leading to a surprise increase in car accidents and household insurance claims. It’s ridiculous, because we are in the UK, a place where there’s weather!

When the largest motor insurer in the land manages to be caught out by the arrival of winter almost defies belief. It begs the question, have they been believing their own “climate change” hype at the cost of forgetting the seasons change? Obviously, they opted to blame “climate change” for the surge in claims, rather than admit what sounds like gross collective corporate stupidity. It’s winter, temperatures drop, rain falls, snow happens.

Pictured below, our garden waterfall today. The initial 7 metre drop looks quite energetic, roaring loudly in the background as I type. An annual job, in Autumn, is to clear up the stream bed and remove  fallen branches, just in case a natural dam forms and floods the house. It’s common sense, because we anticipate rain in winter (edit: It’s Scotland, every other season too…) Quite how Direct Line were surprised by Winter making itself known during December. We’d always thought a fairly key part of the insurance industry was an ability to plan ahead and prepare but instead, they join good old British Rail of train cancellation fame with their favourite; “Services cancelled due to leafs on the track” in Autumn.

With Direct Line Insurance Group (DLG) now trading lower than 2012, we fear the worst is yet to come as visually, the market isn’t terribly impressed with their behaviour. At time of writing, they’re trading around 177p with a low of the day at 162p. And this was after the market manipulated (gapped) the share price down by 50p, all the way from 231p down to 181p in the opening second of trade.

We fear further bad weather may be ahead for DLG as below 162p now calculates with the potential of further leakage down to 111p and hopefully some sort of bounce. Our reasoning behind this comes from the ridiculous secondary target level of 34p, representing a point below which we cannot calculate. To be honest, while we suspect 111p may make an appearance, we’ve substantial doubts regarding our secondary at 34p as visually, nothing appears to back up this calculation, other than a miserable computer program.

For DLG to escape this little game of Climate Change monopoly, their share price needs closure above 235p, currently a pretty impossible looking task.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:00:34PM	BRENT	83.04									‘cess
10:02:52PM	GOLD	1876.67									‘cess
10:06:15PM	FTSE	7754.19	7721	7709	7688	7751	7761	7790	7821	7736	Success
10:24:16PM	STOX50	4123									Success
10:28:55PM	GERMANY	15023
10:30:52PM	US500	3971.77									Success
10:35:07PM	DOW	33998.8	33677	33543	33391	33786	34008	34096	34205	33738	‘cess
10:59:40PM	NASDAQ	11413.35
11:01:54PM	JAPAN	26527									Success

 

11/01/2023 FTSE Closed at 7724 points. Change of 0.39%. Total value traded through LSE was: £ 6,286,062,115 a change of 15.31%

10/01/2023 FTSE Closed at 7694 points. Change of -0.39%. Total value traded through LSE was: £ 5,451,478,270 a change of 2.33%

9/01/2023 FTSE Closed at 7724 points. Change of 0.32%. Total value traded through LSE was: £ 5,327,251,474 a change of 8.1%

6/01/2023 FTSE Closed at 7699 points. Change of 0.86%. Total value traded through LSE was: £ 4,928,257,963 a change of -18.51%

5/01/2023 FTSE Closed at 7633 points. Change of -100%. Total value traded through LSE was: £ 6,047,458,257 a change of 0%

4/01/2023 FTSE Closed at 7585 points. Change of 0%. Total value traded through LSE was: £ 5,484,169,808 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:BARC Barclays** **LSE:BLVN Bowleven** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:HSBA HSBC** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:MMAG Music Magpie** **

********

Updated charts published on : Barclays, Bowleven, Darktrace Plc, EasyJet, HSBC, Igas Energy, Intercontinental Hotels Group, IQE, Intertek, Just Eat, Marks and Spencer, Music Magpie,

LSE:BARC Barclays. Close Mid-Price: 173.54 Percentage Change: + 1.13% Day High: 174.4 Day Low: 171.04

Continued trades against BARC with a mid-price ABOVE 174.4 should improve ……..

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LSE:BLVN Bowleven Close Mid-Price: 1.57 Percentage Change: -10.00% Day High: 1.75 Day Low: 1.57

Weakness on Bowleven below 1.57 will invariably lead to 1.25 with seconda ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 250.7 Percentage Change: -14.55% Day High: 270 Day Low: 240

Continued weakness against DARK taking the price below 240 calculates as ……..

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LSE:EZJ EasyJet. Close Mid-Price: 392.6 Percentage Change: + 0.00% Day High: 400.1 Day Low: 389.1

Continued trades against EZJ with a mid-price ABOVE 400.1 should improve ……..

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LSE:HSBA HSBC. Close Mid-Price: 569.6 Percentage Change: + 0.98% Day High: 573 Day Low: 565.2

Continued trades against HSBA with a mid-price ABOVE 573 should improve t ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 23.5 Percentage Change: + 22.40% Day High: 24 Day Low: 20.4

Further movement against Igas Energy ABOVE 24 should improve acceleration ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5244 Percentage Change: + 0.96% Day High: 5262 Day Low: 5186

In the event of Intercontinental Hotels Group enjoying further trades bey ……..

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LSE:IQE IQE. Close Mid-Price: 57.2 Percentage Change: + 5.93% Day High: 57.6 Day Low: 54

Continued trades against IQE with a mid-price ABOVE 57.6 should improve t ……..

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LSE:ITRK Intertek. Close Mid-Price: 4297 Percentage Change: + 1.22% Day High: 4322 Day Low: 4232

In the event of Intertek enjoying further trades beyond 4322, the share s ……..

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LSE:JET Just Eat. Close Mid-Price: 2083 Percentage Change: + 2.51% Day High: 2124 Day Low: 2050.5

Continued trades against JET with a mid-price ABOVE 2124 should improve t ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 143.4 Percentage Change: + 1.49% Day High: 146.3 Day Low: 141.7

Target met. Further movement against Marks and Spencer ABOVE 146.3 should ……..

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LSE:MMAG Music Magpie. Close Mid-Price: 37 Percentage Change: + 17.46% Day High: 37.7 Day Low: 31.5

This is irritating, we added this at the start of the week and promptly ig ……..

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View Previous Music Magpie & Big Picture ***

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

#Gold_Futures #SP500 

There are two words best not mentioned in polite company nowadays. Obviously, one is “smoking” but the other proved to be something of a surprise. The word “bluetooth” appears capable of driving previously calm folk into an absolute fury. It’s a basically simple technology, just a private wireless network between a phone and a device.

Unfortunately, the ‘device’ end is where everything tends go horribly complicated and infuriating as the customer is transported into the competence of whatever minimum wage nerd in a gadget manufacturer thought was a good idea. A recent example was delivered by Santa to a grand-daughter, a digital microscope. For some reason, the child wanted her phone connected to the machine as she wanted to capture a video of a leaf. This particular rabbit hole took several hours to escape, due to a particular piece of insanity from Apple which required deleting all other devices the iPhone had previously been paired with. This evening, a device designed to analyse Type 2 Diabetes blood with a quick jab in a finger, utterly refused to pair with a phone, until such time the Android phone had been reset. Pairing Bluetooth often becomes ‘a mission’, thanks to designers being allowed to introduce their own way of doing things. The Diabetes machine failed, due to the gadget cheerfully pairing with the Android instead of being manually forced to pair using the App for the machine. Discovering this design flaw consumed a greater part of the evening, the App deciding it cannot live in an environment where something else discovered the blood testing device before it did.

 

That other word, “smoking”, still can drive folk a little mad, often for the wrong reasons.

 

Obviously, in todays world, smoking is frowned upon but in reality, many folk still indulge in the habit. Just visit a hospital to view the quantity of staff and patients, each with their own version of a bicycle shed where they are forced to act out their craving, usually in full view of self righteous critics. Chatting to the owners of a few local shops, it appears cigarette sales, despite the product now hidden away in shame and the packets unbranded, remain fairly resilient, something reflected with BATS share price. For some time, we’d suspected initiatives worldwide must eventually harm BATS but in reality, it grows difficult to identify a danger sign which shall indicate the presence of a cliff.

However, one interesting aspect of BATS movements took place last year. We’d calculated the potential of a share price lift to 3740p and price movements triggered this possibility. Unfortunately, our target failed to materialise, the lift falling above at 3650p with the price now being walked downhill. The implication is of weakness as we’re maybe witnessing the first signs of potential trouble.

Another area causing concern is the Red uptrend since 2009. Between 2019 and 2021, considerable care was employed to ensure BATS didn’t slump below Red, a phenomena quite visible on the chart. We’ve shown an inset on the chart, highlighting what happened in 2021. The visuals imply this was more than just an amazing coincidence in trading but instead, a hard decision by “the market” not to allow BATS share price to retreat. It makes us question what shall happen, if this market resolve weakens?

Presently trading around 3150p, it appears below 3100p risks triggering a reversal cycle to an initial 2200p with secondary, if broken, at 1750p. The 2200p level should worry traders, creating a new lower low and opening the door to all sorts of future mischief. If playing sane, a break of Red at 2600p shall probably be the last straw.

Maybe we’re looking for trouble where none exists. Just taking a walk around the exterior of any financial institution reveals plenty of folk still smoke and this alone may prove sufficient to impart confident in BATS share price. Above just 3460p currently looks capable of promoting now to an initial 3690 with secondary, if beaten, at a visually sane 4160p

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:58:28PM	BRENT	79.71
10:00:15PM	GOLD	1878.36	1867	1864	1859	1876	1881	1887	1893	1869
10:02:16PM	FTSE	7716.44
10:03:58PM	STOX50	4082.2									‘cess
10:06:05PM	GERMANY	14851
10:07:43PM	US500	3921.17	3882	3862	3832	3922	3922	3937	3960	3882
10:30:51PM	DOW	33704									‘cess
10:36:58PM	JAPAN	26270									‘cess

 

10/01/2023 FTSE Closed at 7694 points. Change of -0.39%. Total value traded through LSE was: £ 5,451,478,270 a change of 2.33%

9/01/2023 FTSE Closed at 7724 points. Change of 0.32%. Total value traded through LSE was: £ 5,327,251,474 a change of 8.1%

6/01/2023 FTSE Closed at 7699 points. Change of 0.86%. Total value traded through LSE was: £ 4,928,257,963 a change of -18.51%

5/01/2023 FTSE Closed at 7633 points. Change of 0.63%. Total value traded through LSE was: £ 6,047,458,257 a change of 10.27%

4/01/2023 FTSE Closed at 7585 points. Change of -100%. Total value traded through LSE was: £ 5,484,169,808 a change of 0%

29/12/2022 FTSE Closed at 7512 points. Change of 0%. Total value traded through LSE was: £ 2,614,666,454 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:AZN Astrazeneca** **LSE:EME Empyrean** **LSE:IHG Intercontinental Hotels Group** **LSE:MKS Marks and Spencer** **LSE:POLY Polymetal** **

********

Updated charts published on : Astrazeneca, Empyrean, Intercontinental Hotels Group, Marks and Spencer, Polymetal,

LSE:AZN Astrazeneca. Close Mid-Price: 11802 Percentage Change: + 0.56% Day High: 11886 Day Low: 11666

Movement now above 11886 should attempt an initial 12020 next with seconda ……..

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LSE:EME Empyrean Close Mid-Price: 0.95 Percentage Change: -9.62% Day High: 0.95 Day Low: 0.9

This has the potential to become interesting, if the share price exceeds 1 ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5194 Percentage Change: + 0.70% Day High: 5214 Day Low: 5136

Further movement against Intercontinental Hotels Group ABOVE 5214 should ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 141.3 Percentage Change: + 0.14% Day High: 142.2 Day Low: 139.2

Continued trades against MKS with a mid-price ABOVE 142.2 should improve ……..

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LSE:POLY Polymetal Close Mid-Price: 310 Percentage Change: -1.59% Day High: 322 Day Low: 304.1

Further movement against Polymetal ABOVE 322 should improve acceleration ……..

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

#BrentCrude #Dax

By popular demand, we’re taking another look at Metro due to some folk finding their share price interesting and thus, asking if we can update our outlook. Unfortunately, the first chart displayed, using our “default” setting is a 5 year view, one which provokes a sharp intake of breath. By any standards, the view since 2018 is utterly dreadful.

For the retail banking sector, the share high prior to Covid-19 looks like providing a reasonable ambition for most shares. Natwest is already flirting with such a level, Barclays has another 30p to gain, despite matching the level in 2022 then being hammered for it, and Lloyds needs discover 25p from somewhere. Metro Bank share price needs almost double from its current 123p, just to reach this important looking milestone. Despite this sounding awful, the reality ‘should be’, if Metro intends follow the rest of the sector in recovery, some fairly large jumps in the share price should be anticipated.

Currently, our optimism toward the Clown Sector – aka the retail banks – continues to improve. Metro share price movements prove to be at odds with the big three, failing to emulate a relatively strong start to the year. Instead of experiencing 4 sessions out of 5 as gains, Metro somehow managed to experience 2 pretty firm sessions of reversals and is now matching the opening price for 2023. Perhaps this means something, perhaps it’s just proving less attractive and is still wearing big clown shoes!

Should we opt to tar Metro with the same brush we’re using for the rest of the retail banks, it now appears above 129p should make an attempt at 145p next, a price level which looks capable of provoking some hesitation given prior terrors around the 150p level. It is surprising to note, should 145p be exceeded, our secondary calculation works out at a longer term 198p. We can even provide a 3rd level target at a distant and improbable looking 255p, our suspicions aroused as there’s no historical precedent to make such an ambition look viable. This may sound a little daft but experience has taught, when a future calculation “looks odd”, the chances are it’s going to be impossible.

For everything to go wrong with Metro, a bank we thoroughly approve of due to their dog friendly policy, the share price would need close a session below 93p. This would force us to revisit the numbers.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:03:36PM	BRENT	79.91	78.98	78.27	77.22	80.2	81.42	81.84	83.1	80.1	‘cess
10:05:17PM	GOLD	1871									‘cess
10:07:51PM	FTSE	7686.26									Shambles
10:10:16PM	STOX50	4051.5									‘cess
10:14:46PM	GERMANY	14738	14622	14536	14434	14718	14834	14958	15139	14687	‘cess
10:18:11PM	US500	3891.87									Success
10:21:01PM	DOW	33516									‘cess
10:23:49PM	NASDAQ	11106.34									Success
10:26:30PM	JAPAN	26208									‘cess

 

9/01/2023 FTSE Closed at 7724 points. Change of 0.32%. Total value traded through LSE was: £ 5,327,251,474 a change of 8.1%

6/01/2023 FTSE Closed at 7699 points. Change of 0.86%. Total value traded through LSE was: £ 4,928,257,963 a change of -18.51%

5/01/2023 FTSE Closed at 7633 points. Change of 0.63%. Total value traded through LSE was: £ 6,047,458,257 a change of 10.27%

4/01/2023 FTSE Closed at 7585 points. Change of 0.97%. Total value traded through LSE was: £ 5,484,169,808 a change of 109.75%

29/12/2022 FTSE Closed at 7512 points. Change of -100%. Total value traded through LSE was: £ 2,614,666,454 a change of 0%

28/12/2022 FTSE Closed at 7497 points. Change of 0%. Total value traded through LSE was: £ 4,019,239,763 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:AVCT Avacta** **LSE:BARC Barclays** **LSE:BT.A British Telecom** **LSE:CEY Centamin** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:POLY Polymetal** **LSE:SBRY Sainsbury** **

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Updated charts published on : Avacta, Barclays, British Telecom, Centamin, EasyJet, Firstgroup, Hikma, British Airways, Igas Energy, Intercontinental Hotels Group, Intertek, ITV, Marks and Spencer, National Glib, Ocado Plc, Oxford Instruments, Polymetal, Sainsbury,

LSE:AVCT Avacta. Close Mid-Price: 128.5 Percentage Change: + 1.98% Day High: 131 Day Low: 123

Further movement against Avacta ABOVE 131 should improve acceleration tow ……..

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LSE:BARC Barclays. Close Mid-Price: 172.62 Percentage Change: + 0.30% Day High: 174.1 Day Low: 171.94

In the event of Barclays enjoying further trades beyond 174.1, the share ……..

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LSE:BT.A British Telecom. Close Mid-Price: 128.05 Percentage Change: + 1.11% Day High: 130.8 Day Low: 126.75

All British Telecom needs are mid-price trades ABOVE 130.8 to improve acc ……..

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LSE:CEY Centamin Close Mid-Price: 122 Percentage Change: -2.79% Day High: 127.6 Day Low: 122.55

Further movement against Centamin ABOVE 127.6 should improve acceleration ……..

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LSE:EZJ EasyJet. Close Mid-Price: 388.9 Percentage Change: + 4.49% Day High: 396.5 Day Low: 373.5

All EasyJet needs are mid-price trades ABOVE 396.5 to improve acceleratio ……..

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LSE:FGP Firstgroup Close Mid-Price: 104.8 Percentage Change: -0.19% Day High: 109 Day Low: 105.5

Continued trades against FGP with a mid-price ABOVE 109 should improve th ……..

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LSE:HIK Hikma Close Mid-Price: 1665.5 Percentage Change: -0.54% Day High: 1690 Day Low: 1650.5

In the event of Hikma enjoying further trades beyond 1690, the share shou ……..

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LSE:IAG British Airways. Close Mid-Price: 145.5 Percentage Change: + 3.54% Day High: 146.42 Day Low: 139.54

Further movement against British Airways ABOVE 146.42 should improve acc ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 22.4 Percentage Change: + 30.99% Day High: 22.2 Day Low: 17.5

In the event of Igas Energy enjoying further trades beyond 22.2, the shar ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5158 Percentage Change: + 1.14% Day High: 5170 Day Low: 5104

Target met. All Intercontinental Hotels Group needs are mid-price trades ……..

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LSE:ITRK Intertek Close Mid-Price: 4225 Percentage Change: -0.21% Day High: 4266 Day Low: 4183

Continued trades against ITRK with a mid-price ABOVE 4266 should improve ……..

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LSE:ITV ITV. Close Mid-Price: 81.48 Percentage Change: + 2.36% Day High: 81.42 Day Low: 79.88

Target met. Continued trades against ITV with a mid-price ABOVE 81.42 sho ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 141.1 Percentage Change: + 2.58% Day High: 141.4 Day Low: 137.95

Target met. All Marks and Spencer needs are mid-price trades ABOVE 141.4 ……..

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LSE:NG. National Glib Close Mid-Price: 1037.5 Percentage Change: -0.67% Day High: 1054.5 Day Low: 1024.5

Further movement against National Glib ABOVE 1054.5 should improve accele ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 743.2 Percentage Change: + 3.51% Day High: 755 Day Low: 716.8

All Ocado Plc needs are mid-price trades ABOVE 755 to improve acceleratio ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2205 Percentage Change: -0.23% Day High: 2300 Day Low: 2160

In the event of Oxford Instruments enjoying further trades beyond 2300, t ……..

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LSE:POLY Polymetal. Close Mid-Price: 315 Percentage Change: + 12.08% Day High: 320 Day Low: 280

Target met. All Polymetal needs are mid-price trades ABOVE 320 to improve ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 247.1 Percentage Change: + 1.44% Day High: 248.9 Day Low: 242.8

Continued trades against SBRY with a mid-price ABOVE 248.9 should improve ……..

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