Author: T&T Staff

#SP500 #Japan225

The former boss of Sainsbury blamed Brexit for “horribly hurting” supermarkets, doubtless pausing his perusal of “Which Private Jet” to feed a clickbait headline. There can be little doubt UK supermarkets are guilty of profiteering at present, something anyone who’s been involved with retail will know. Even Lidl, while issuing a robust response to the accusation, failed to offer any defence to their price rises when presented with examples. At risk of going “Daily Mail”, they’re all at it.

Or are they?

Folk who’ve been active in retail at a senior level learn fairly quickly how easy it is to make enhanced profits in time of turmoil. Oil tanker drivers on strike, forecourts closed? Record profits. Sugar shortages across the UK, record profits. Power cuts restricting trading hours, record profits. Hot weather causing ice cream shortages, record profits. The list is literally endless with Lockdown being a conspicuous exception to the rule. Except those business which survived are being afforded the chance to get away with boosting prices without any real criticism. One oddball to these scenario is our local petrol station here in Argyll, their forecourt prices proving sufficient to justify paying the return vehicle trip from the mainland. Their secret, a fabulous grocery section and a captive market where they quickly realise any error in pricing.

To be mildly ridiculous, when milk moved from £1.10 to £1.90 for the four pint cartons, folk stopped buying, the price came down. The first warning sign came on a Sunday evening, the dairy shelves usually an empty desert awaiting Mondays deliveries. But as the price was gouged upward, a frantic run to buy milk for the next days latte discovered shelves still full of product.

 

With Tesco, given their position as one of the leading profiteers in groceries and fuel, common sense demands we should anticipate continued record profits for the company, presumably with commensurate gains in the company share price. After all, “hope” tends prove to be a powerful aphrodisiac for traders who’ll cheerfully assume happy days are here to stay.

The immediate situation allows a scenario, where Tesco exceeding 264p should now trigger price growth to an initial 280p with our longer term secondary, if bettered, at a future 312p and price levels not seen since 2014. This game plan should be fascinating, even allowing for a third target level of 346p should Tesco prove sufficiently strong to close above the Blue downtrend.

 

For everything to go wrong, Tesco share price needs below Red on the chart as such a situation makes reversal to 135p exceedingly probable.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:41:27PM	BRENT	75.59									‘cess
9:43:19PM	GOLD	1970.38									Success
9:46:30PM	FTSE	7515.77
9:48:43PM	STOX50	4161.3									‘cess
9:51:38PM	GERMANY	15116									Shambles
10:06:39PM	US500	3945.62	3935	3909	3864	3977	4016	4019	4047	3994	Success
10:08:38PM	DOW	32107									Shambles
10:11:00PM	NASDAQ	12592									Success
10:12:52PM	JAPAN	27245	27193	27105	26935	27380	27487	27527	27637	27380	‘cess

 

22/03/2023 FTSE Closed at 7566 points. Change of 0.4%. Total value traded through LSE was: £ 5,173,752,790 a change of 1.87%

21/03/2023 FTSE Closed at 7536 points. Change of 1.8%. Total value traded through LSE was: £ 5,078,878,926 a change of -18.94%

20/03/2023 FTSE Closed at 7403 points. Change of 0.93%. Total value traded through LSE was: £ 6,265,515,535 a change of -57.61%

17/03/2023 FTSE Closed at 7335 points. Change of -1.01%. Total value traded through LSE was: £ 14,781,854,376 a change of 86.96%

16/03/2023 FTSE Closed at 7410 points. Change of 0.9%. Total value traded through LSE was: £ 7,906,260,016 a change of -5.19%

15/03/2023 FTSE Closed at 7344 points. Change of -3.84%. Total value traded through LSE was: £ 8,338,790,623 a change of 43.77%

14/03/2023 FTSE Closed at 7637 points. Change of 1.18%. Total value traded through LSE was: £ 5,799,952,343 a change of -34.08%

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:BBY BALFOUR BEATTY** **LSE:CASP Caspian** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **

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Updated charts published on : Barclays, BALFOUR BEATTY, Lloyds Grp., Natwest,

LSE:BARC Barclays Close Mid-Price: 142.66 Percentage Change: -0.34% Day High: 147.84 Day Low: 140.68

Further movement against Barclays ABOVE 147.84 should improve acceleratio ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 364.8 Percentage Change: + 2.30% Day High: 376.4 Day Low: 355.8

All BALFOUR BEATTY needs are mid-price trades ABOVE 376.4 to improve acce ……..

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LSE:CASP Caspian. Close Mid-Price: 6.25 Percentage Change: + 0.81% Day High: 6.25 Day Low: 6.15

In the event Caspian experiences weakness below 6.15 it calculates with a ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 47.77 Percentage Change: -0.82% Day High: 49.04 Day Low: 47.7

All Lloyds Grp. needs are mid-price trades ABOVE 49.04 to improve acceler ……..

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LSE:NWG Natwest Close Mid-Price: 269.2 Percentage Change: -1.17% Day High: 280.2 Day Low: 269.5

Target met. Continued trades against NWG with a mid-price ABOVE 280.2 sho ……..

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

#FTSE #Stoxx50 

Since 2008, Taylor Wimpey has done nothing particularly useful. Okay, we’ll concede their share price hit 4.28p during the Financial crisis, boosting to 240p in the period since, a pretty solid gain for the doubtless millions of traders who lie about these things, fondly remembering the ’56x bagger when they bought at the low and sold at the high. In fairness, most traders tend dwell on their mistakes and missed opportunities, rather than boast about the improbable.

The problem with Taylor Wimpey is fairly straightforward.

Their share price needs exceed 263p to convince us it has made a successful transit from the damage caused by the last major crash, entering a cycle where proper recovery is probable for the longer term. This is a share which topped out at 542p in 2007, is currently trading around 115p, and has essentially struggled during the last fifteen years. So, we’re effectively consigned to looking for any scenario which may boost their share above the 263p level!

How hard can it be as the ruling downtrend is only around 163.741p currently?

Now we think about it, perhaps it shall make more sense to look for reasons why the ruling downtrend may finally be exceeded…

 

The immediate situation demands trades above 125p to trigger share price recovery to an initial 151p and some possible hesitation. Should this level be exceeded, things become a tad more interesting for the longer term, our secondary calculating at 174p and the chance for the builders share price to close above Blue on the chart, laying foundations for future growth in the direction of 226p, maybe even beyond. And there you have it.

All Taylor Wimpey needs to enter a track to an eventual 414p is go up by 10p from current. If only life were so simple. This outpouring of optimism comes with a few inevitable pratt-falls. Glancing at the chart, the visuals imply a strong suggestion of some stutters at the 174p level, the reason being fairly obvious. During 2021, the share price struggled to exceed such a point and there are doubtless a bunch of folk who “invested” at these highs, just begging to get their cash back. Invariably, this will create selling pressure, introducing a hesitation in growth. But the smarter (gulp) traders will notice this time, it has achieved such a price level while trading above the ruling downtrend, resting on the optimistic side of the Blue line. Similarly, the high of 2020 shall doubtless introduce a stutter, should the 226p target appear and once again, all our usual reasons for hesitation apply.

But in this instance, due to “the risk” of substantial growth beyond 226p, closure above this price level invents a seriously good reason to view Taylor Wimpey as a reasonable long term hold.

 

Hopefully nothing such as a banking crisis provides sufficient excuse for this share price to close a session below 84p. Such an event risks triggering reversal to an ultimate bottom of 22p, doubtless an ideal level to open a Long position and hope for the best!

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:36:11PM	BRENT	74.92									‘cess
9:39:38PM	GOLD	1940.72									‘cess
9:46:01PM	FTSE	7558.72	7410	7370	7304	7450	7568	7604	7661	7495	Success
9:51:32PM	STOX50	4199	4140	4132	4104	4188	4216	4228	4244	4194	‘cess
9:53:39PM	GERMANY	15265									‘cess
9:55:52PM	US500	4007.22									‘cess
9:58:19PM	DOW	32568.9									‘cess
10:02:40PM	JAPAN	27346
10:04:56PM	NASDAQ	12742									Success

 

21/03/2023 FTSE Closed at 7536 points. Change of 1.8%. Total value traded through LSE was: £ 5,078,878,926 a change of -18.94%

20/03/2023 FTSE Closed at 7403 points. Change of 0.93%. Total value traded through LSE was: £ 6,265,515,535 a change of -57.61%

17/03/2023 FTSE Closed at 7335 points. Change of -1.01%. Total value traded through LSE was: £ 14,781,854,376 a change of 86.96%

16/03/2023 FTSE Closed at 7410 points. Change of 0.9%. Total value traded through LSE was: £ 7,906,260,016 a change of -5.19%

15/03/2023 FTSE Closed at 7344 points. Change of -3.84%. Total value traded through LSE was: £ 8,338,790,623 a change of 43.77%

14/03/2023 FTSE Closed at 7637 points. Change of 1.18%. Total value traded through LSE was: £ 5,799,952,343 a change of -34.08%

13/03/2023 FTSE Closed at 7548 points. Change of -2.58%. Total value traded through LSE was: £ 8,798,482,438 a change of 25.79%

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:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:CASP Caspian** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **

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Updated charts published on : Avacta, Barclays, Bowleven, Caspian, Lloyds Grp., Natwest,

LSE:AVCT Avacta. Close Mid-Price: 120 Percentage Change: + 0.00% Day High: 120.5 Day Low: 115

Weakness on Avacta below 115 will invariably lead to 97 with secondary, i ……..

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LSE:BARC Barclays. Close Mid-Price: 143.14 Percentage Change: + 4.97% Day High: 145.1 Day Low: 138.76

All Barclays needs are mid-price trades ABOVE 145.1 to improve accelerati ……..

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LSE:BLVN Bowleven Close Mid-Price: 1.25 Percentage Change: -9.09% Day High: 1.38 Day Low: 1.15

If Bowleven experiences continued weakness below 1.15, it will invariably ……..

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LSE:BP. BP PLC. Close Mid-Price: 503.4 Percentage Change: + 3.37% Day High: 508.4 Day Low: 489.9

In the event of BP PLC enjoying further trades beyond 508.4, the share sh ……..

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LSE:CASP Caspian Close Mid-Price: 6.2 Percentage Change: -1.59% Day High: 6.3 Day Low: 6.2

All Caspian needs are mid-price trades ABOVE 6.3 to improve acceleration ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 48.16 Percentage Change: + 4.46% Day High: 48.53 Day Low: 46.65

In the event of Lloyds Grp. enjoying further trades beyond 48.53, the sha ……..

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LSE:NWG Natwest. Close Mid-Price: 272.4 Percentage Change: + 5.66% Day High: 276.7 Day Low: 261.2

All Natwest needs are mid-price trades ABOVE 276.7 to improve acceleratio ……..

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

#Gold #Nasdaq

Inevitably, following the discovery of a single flake of gold on a beach at a local river, there was an driving urge to view a Gold share to inspect the market potentials. To come clean, the same beach featured on todays dog walk, unearthing a few other golden flakes with close inspection of a layer of black sand, an area where gold allegedly likes to hide.

It looks very like permission shall be sought from the farmer/landowner to try my luck with a gold panning kit, a very rarely used present from years ago, one of these joke birthday presents men of a certain age tend be presented with every year. It’s currently in the garden shed, at the very back and under a pile of untouched  fishing gear. After all, Scotgold here in Argyll claim to have around 4 tons of gold inside a mountain, their share price constantly failing to reflect any optimism.

However, Shanta Gold appear to be exhibiting some potentials, doubtless related to the constant little nudges upward the US dollar price of gold is experiencing. Currently, we can argue the Big Picture for Gold suggests $2125 as a viable longer term target. Or perhaps it’s to do with the undoubted slick photo’s of their gold extraction operation on their website. As someone addicted to Gold Rush and Bering Sea Gold on telly, the layout of Shanta’s operation makes the North American operations look like heavy machinery scrap yard’s trying to do something else.

 

At present, it looks like Shanta need only close a session above 12p to enter a movement cycle toward an initial 15.3p with secondary, if exceeded, calculating at an important 18.3p. Closure above 18.3p shall be regarded as important for the future, making a longer term 29p a viable proposition. Given the share price is presently trading around 11.8p, it certainly doesn’t need work hard to enact a fairly optimistic breakout for the future.

Their share price needs dig a hole below 9p to suggest trouble approaching, closing a session below Red on the chart and spoiling all our previous calculations.

For now, we suspect Shanta will prove worth watching.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
12:05:41AM	BRENT	73.35									Shambles
12:16:54AM	GOLD	1979.47	1965	1947	1926	1986	2011	2018	2037	1987	Success
12:19:03AM	FTSE	7421.84									Shambles
12:20:51AM	STOX50	4148.3									Success
12:23:57AM	GERMANY	15021.97									Success
12:26:38AM	US500	3967.5									Success
12:28:33AM	DOW	32330
12:30:19AM	NASDAQ	12602	12512	12479	12434	12577	12612	12662	12748	12512
12:32:39AM	JAPAN	27176

 

20/03/2023 FTSE Closed at 7403 points. Change of 0.93%. Total value traded through LSE was: £ 6,265,515,535 a change of -57.61%

17/03/2023 FTSE Closed at 7335 points. Change of -1.01%. Total value traded through LSE was: £ 14,781,854,376 a change of 86.96%

16/03/2023 FTSE Closed at 7410 points. Change of 0.9%. Total value traded through LSE was: £ 7,906,260,016 a change of -5.19%

15/03/2023 FTSE Closed at 7344 points. Change of -3.84%. Total value traded through LSE was: £ 8,338,790,623 a change of 43.77%

14/03/2023 FTSE Closed at 7637 points. Change of 1.18%. Total value traded through LSE was: £ 5,799,952,343 a change of -34.08%

13/03/2023 FTSE Closed at 7548 points. Change of -2.58%. Total value traded through LSE was: £ 8,798,482,438 a change of 25.79%

10/03/2023 FTSE Closed at 7748 points. Change of -1.66%. Total value traded through LSE was: £ 6,994,694,563 a change of 6.35%

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:ASC Asos** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:BP. BP PLC** **LSE:CCL Carnival** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:LLOY Lloyds Grp.** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPT Spirent Comms** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **

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Updated charts published on : Aston Martin, Asos, Aviva, Avacta, Barclays, BP PLC, Carnival, Genel, Gulf Keystone, British Airways, IG Group, Lloyds Grp., Music Magpie, Natwest, Scottish Mortgage Investment Trust, Spirent Comms, Standard Chartered, Tullow,

LSE:AML Aston Martin Close Mid-Price: 231.1 Percentage Change: -0.52% Day High: 245.1 Day Low: 216.5

If Aston Martin experiences continued weakness below 216, it will invariab ……..

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LSE:ASC Asos Close Mid-Price: 722 Percentage Change: -2.10% Day High: 737 Day Low: 686.5

Target Met. Below 686 presents a scenario giving reversal to an initial 59 ……..

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LSE:AV. Aviva. Close Mid-Price: 411.6 Percentage Change: + 2.34% Day High: 414.7 Day Low: 383.6

Target Met. 17/03/2023: If Aviva experiences continued weakness below 383 ……..

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LSE:AVCT Avacta Close Mid-Price: 120 Percentage Change: -7.55% Day High: 128.5 Day Low: 119

Target Met. Hopefully there shall be a bounce from the current level as th ……..

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LSE:BARC Barclays Close Mid-Price: 136.36 Percentage Change: -2.29% Day High: 138.04 Day Low: 128.16

Target Met. Now below 128 threatens reversal to 124 next with secondary, i ……..

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LSE:BP. BP PLC. Close Mid-Price: 487 Percentage Change: + 1.47% Day High: 492.5 Day Low: 467.1

Now below 467 indicates the risk of ongoing reversal to 438 with secondary ……..

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LSE:CCL Carnival Close Mid-Price: 630.2 Percentage Change: -0.72% Day High: 647.8 Day Low: 612

Below 612 remains on course for reversal to 519 with secondary, if broken, ……..

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LSE:GENL Genel Close Mid-Price: 111.4 Percentage Change: -1.76% Day High: 114 Day Low: 112

Below 111 indicates reversal potentials to an initial 104 with secondary, ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 170.8 Percentage Change: -0.23% Day High: 171.4 Day Low: 161.2

Below 161 still suggests a potential for reversal to 151 with secondary, i ……..

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LSE:IAG British Airways. Close Mid-Price: 137.66 Percentage Change: + 3.30% Day High: 139.28 Day Low: 127.8

Target Met. This needs above 145 to make some sense, allowing recovery to ……..

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LSE:IGG IG Group. Close Mid-Price: 692 Percentage Change: + 2.75% Day High: 694 Day Low: 658.5

Weakness on IG Group below 658 will invariably lead to 645 with secondary ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 46.1 Percentage Change: -0.31% Day High: 46.73 Day Low: 43.69

Now below 43.6 indicates the potential of reversal to an initial 43.1 with ……..

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LSE:MMAG Music Magpie. Close Mid-Price: 26.6 Percentage Change: + 5.14% Day High: 26.6 Day Low: 23.1

Weakness now below 23 suggests coming travel to an initial 17p with second ……..

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LSE:NWG Natwest Close Mid-Price: 257.8 Percentage Change: -0.08% Day High: 259.8 Day Low: 237.2

Target Met. In the unlikely even this trips below 237p, reversal to an ini ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 662.2 Percentage Change: -1.34% Day High: 666 Day Low: 649

Target Met. Now needing above 738 to make any recovery appear viable, such ……..

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LSE:SPT Spirent Comms. Close Mid-Price: 170.2 Percentage Change: + 0.89% Day High: 170.2 Day Low: 164.6

This isn’t looking great as continued traffic below 164 still indicates a ……..

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LSE:STAN Standard Chartered Close Mid-Price: 615 Percentage Change: -3.00% Day High: 619 Day Low: 578.8

Traffic continuing below 578 now points at 536 next with secondary, if bro ……..

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LSE:TLW Tullow Close Mid-Price: 27.6 Percentage Change: -4.63% Day High: 29.66 Day Low: 26.18

Now below 26 has the potential for reversal to 22 with secondary, if broke ……..

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

#Brent #Dax

Grand-daughters visiting for a joint mothers day afforded the opportunity to dovetail events into a story about Barclays share price. The current interest of one of the girls is hunting for treasure, specifically Geodes, these black rocks you can hit with a hammer, exposing a core of red, green, or commonly purple crystals. Argyll, the home of rocky ground and mountains, is a known source for these treasures, if you know where to look.

We don’t know where to look!

Sunday morning saw me detailed to entertain the girls, while their mother and her mother enjoyed croissants and coffee, along with chocolates and associated mothers day edibles. The plan, transparently, was to allow them to gorge the treats in peace, without sharing with grandchildren, Meanwhile, we got to walk in the rain, in the countryside. Rather than actually doing any real searching, low river levels suggested it might prove worthwhile examining areas where the river bank had collapsed, during serious rain earlier this year. The cunning plan proved worthwhile, my back-pack growing heavier as the morning continued although, to my untrained eye, it was already pretty obvious I was transporting common rocks, rather than crystal bearing Geodes.

Eventually, we reached a familiar rocky beach on the river, a favourite place to take the girls paddle boarding in summer, the fairly deep pool making the river flow slowly. Once again, the children started searching for Geodes, one utterly convinced she’s found a genuine one and handed me a bit of charcoal she’d dug out of the ground. Pretending to examine it carefully, the penny dropped she’d found genuine treasure. There was a little flake of gold among the grit attached to the charcoal. Finally excited, I attempted to enthuse the girls with news of their find as this was the real deal. We’d found Gold but neither was impressed. They wanted Geodes, rather than useless little fragments of metal.

It was only once we returned home, my wife and daughter suitably impressed with the Gold, did I discover the girls real motivation. Once the back pack was emptied, the girls had a great time using a selection of hammers to break the rocks open.

And this brings us to Barclays, ‘cos someone really needs hit it with a big hammer in the hope of finding value within!

The last three weeks have prove hostile to Barclays share price. It indeed reverse to our 150p, bounce briefly to an unimpressive 157p, and has now fallen further. It’s emphatically not a happy share price, doubtless not helped by the wider trauma amongst banks. News over the weekend of UBS buying Credit Suisse to contain the crisis feels oddly reminiscent of Halifax taking over Bank of Scotland in a government forced deal, when the previous banking crisis was gathering steam in 2008.

By around just 0.32p, by closing Friday at 139.56p, Barclays managed to enter the weekend with a slightly higher closing price than its previous low of 138.24p. This, thankfully, didn’t suggest immediate panic despite the behaviour of the wider market. But the bank did close below the Red uptrend since 2020 and now requires to close a session above 142.012p to suggest the reversal has all been a dreadful mistake.

The situation now suggests weakness below 137.7p should provoke reversal to an initial 134.7 with secondary, if broken, at 115.2p and hopefully a bottom.

In the event things intend start going right for Barclays, their share price needs better 167p to give early warning of recovery to an initial 197p with secondary, if bettered, at 218p and considerable hope for the future.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
8:56:44PM	BRENT	72.5	71.3	69.59	68.88	73.51	74.98	75.38	76.72	74.11
8:58:38PM	GOLD	1989.82
9:00:46PM	FTSE	7312.22
9:03:01PM	STOX50	4065.8
9:05:54PM	GERMANY	14768	14691	14503	14283	14817	14890	14938	15020	14782
9:08:09PM	US500	3916.27
9:10:38PM	DOW	31848.2
9:15:31PM	NASDAQ	12519.7
9:17:33PM	JAPAN	26939

 

17/03/2023 FTSE Closed at 7335 points. Change of -1.01%. Total value traded through LSE was: £ 14,781,854,376 a change of 86.96%

16/03/2023 FTSE Closed at 7410 points. Change of 0.9%. Total value traded through LSE was: £ 7,906,260,016 a change of -5.19%

15/03/2023 FTSE Closed at 7344 points. Change of -3.84%. Total value traded through LSE was: £ 8,338,790,623 a change of 43.77%

14/03/2023 FTSE Closed at 7637 points. Change of 1.18%. Total value traded through LSE was: £ 5,799,952,343 a change of -34.08%

13/03/2023 FTSE Closed at 7548 points. Change of -2.58%. Total value traded through LSE was: £ 8,798,482,438 a change of 25.79%

10/03/2023 FTSE Closed at 7748 points. Change of -1.66%. Total value traded through LSE was: £ 6,994,694,563 a change of 6.35%

9/03/2023 FTSE Closed at 7879 points. Change of -0.63%. Total value traded through LSE was: £ 6,576,891,587 a change of 1.82%

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:AV. Aviva** **LSE:BARC Barclays** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:PMG Parkmead** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Aston Martin, Aviva, Barclays, British Airways, IG Group, Natwest, Ocado Plc, Parkmead, Zoo Digital,

LSE:AML Aston Martin Close Mid-Price: 232.3 Percentage Change: -3.05% Day High: 254.2 Day Low: 226.3

If Aston Martin experiences continued weakness below 226, it will invariab ……..

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LSE:AV. Aviva Close Mid-Price: 402.2 Percentage Change: -3.08% Day High: 420.9 Day Low: 400.7

If Aviva experiences continued weakness below 400.7, it will invariably l ……..

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LSE:BARC Barclays Close Mid-Price: 139.56 Percentage Change: -1.98% Day High: 145.38 Day Low: 137.74

Weakness on Barclays below 137.74 will invariably lead to 134p with secon ……..

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LSE:IAG British Airways Close Mid-Price: 133.26 Percentage Change: -2.39% Day High: 140 Day Low: 132.08

If British Airways experiences continued weakness below 132.08, it will ……..

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LSE:IGG IG Group Close Mid-Price: 673.5 Percentage Change: -2.88% Day High: 697.5 Day Low: 669.5

Target met. Weakness on IG Group below 669.5 will invariably lead to 645 ……..

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LSE:NWG Natwest Close Mid-Price: 258 Percentage Change: -1.38% Day High: 266.2 Day Low: 254.2

Continued weakness against NWG taking the price below 254.2 calculates as ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 416.1 Percentage Change: -4.48% Day High: 459.4 Day Low: 403

In the event Ocado Plc experiences weakness below 403 it calculates with ……..

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LSE:PMG Parkmead Close Mid-Price: 36 Percentage Change: -5.76% Day High: 37.4 Day Low: 35

Weakness on Parkmead below 35 will invariably lead to 31 with secondary, ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 207.5 Percentage Change: + 1.22% Day High: 219 Day Low: 205

Target met. All Zoo Digital needs are mid-price trades ABOVE 219 to impro ……..

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

#FTSE #SP500

It’s easy to wonder if internet streaming services are feeling a little pain currently, due to the level of real world entertainment presently available. From the ongoing lurches into a banking crisis, stock markets being all over the place, or if in Scotland, the discovery their empress was actually a false construct, surviving only on the achievements on who went before her.

Obviously, living in Argyll, we’re closer to the unseemly Scottish shambles but it’s already causing popcorn shortages everywhere.

As for the markets, we shall not be surprised if Friday ends with some reversals, if only due to concern over potential bad news breaking over the weekend. While the Swiss Central Bank has “saved” Credit Suisse and First Republic Bank saved by a coalition of major banks, considerable effort is obviously going in to inhibit a domino effect in the banking sector. However, will we indeed see many traders opting to close positions on Friday rather than risk a wipe-out on Monday, due to a new cause for panic.

 

We’ve some doubts for Friday as it feels like the FTSE may again experience some recovery.

Closing Thursday at 7410 points, it need only lurch above 7460 to hopefully trigger recovery to 7522 points with secondary, if bettered, a more encouraging 7584 points. This secondary ambition is quite a big deal, giving the FTSE the impetus to potentially regain the Blue downtrend and point at happy days ahead. Perhaps Louis Hamilton shall even do well in the Saudi Formula 1 race on Sunday, cementing the feel good factor! The required stop loss is rather wide, calculating at 7377 points.

If everything intends go wrong, below 7330 points looks more catastrophic than putting Nicola Sturgeon in charge of anything, as this risks triggering reversal to 7267 points with secondary, if broken, at 7204 points and a limp bounce, maybe…

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
10:38:01PM	BRENT	74.48	71.44	69.79		73.97	75.31	75.93		73
10:40:30PM	GOLD	1919.82	1907	1886		1920	1934	1937		1917
10:43:12PM	FTSE	7452.73	7380	7273		7430	7474	7528		7427
10:45:13PM	STOX50	4151.7	4109	4099		4137	4154	4176		4124	‘cess
10:48:10PM	GERMANY	15045.95	14882	14868		15003	15072	15174		14970	‘cess
10:51:05PM	US500	3958.87	3924	3910		3945	3966	3978		3936	Success
10:53:36PM	DOW	32224.5	31876	31804		32114	32297	32374		32095	Shambles
11:02:50PM	NASDAQ	12580.72	12185	12060		12330	12596	12670		12494	Success
11:05:17PM	JAPAN	27270	27004	26922		27189	27276	27345.5		27136	Success

 

16/03/2023 FTSE Closed at 7410 points. Change of 0.9%. Total value traded through LSE was: £ 7,906,260,016 a change of -5.19%

15/03/2023 FTSE Closed at 7344 points. Change of -3.84%. Total value traded through LSE was: £ 8,338,790,623 a change of 43.77%

14/03/2023 FTSE Closed at 7637 points. Change of 1.18%. Total value traded through LSE was: £ 5,799,952,343 a change of -34.08%

13/03/2023 FTSE Closed at 7548 points. Change of -2.58%. Total value traded through LSE was: £ 8,798,482,438 a change of 25.79%

10/03/2023 FTSE Closed at 7748 points. Change of -1.66%. Total value traded through LSE was: £ 6,994,694,563 a change of 6.35%

9/03/2023 FTSE Closed at 7879 points. Change of -0.63%. Total value traded through LSE was: £ 6,576,891,587 a change of 1.82%

8/03/2023 FTSE Closed at 7929 points. Change of 0.13%. Total value traded through LSE was: £ 6,459,565,037 a change of 19.23%

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:CCL Carnival** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:HUR Hurrican Energy** **LSE:IGG IG Group** **LSE:NWG Natwest** **LSE:PMG Parkmead** **LSE:SPT Spirent Comms** **LSE:TLW Tullow** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Aston Martin, Carnival, Fresnillo, Genel, Gulf Keystone, Hurrican Energy, IG Group, Natwest, Parkmead, Spirent Comms, Tullow, Zoo Digital,

LSE:AML Aston Martin Close Mid-Price: 239.6 Percentage Change: -0.33% Day High: 256 Day Low: 232.2

If Aston Martin experiences continued weakness below 232, it will invariab ……..

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LSE:CCL Carnival. Close Mid-Price: 657.4 Percentage Change: + 3.30% Day High: 663 Day Low: 628.6

The iceberg remains in front of this share price! Below 628 now allows for ……..

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LSE:FRES Fresnillo Close Mid-Price: 697.8 Percentage Change: -5.40% Day High: 737 Day Low: 692.8

In the event Fresnillo experiences weakness below 692, it calculates with ……..

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LSE:GENL Genel Close Mid-Price: 114.2 Percentage Change: -0.35% Day High: 115.2 Day Low: 113

Below 113 indicates reversal potentials to an initial 104 with secondary, ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 170.6 Percentage Change: -0.23% Day High: 175 Day Low: 167.8

Below 167 still suggests a potential for reversal to 151 with secondary, i ……..

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LSE:HUR Hurrican Energy. Close Mid-Price: 6.95 Percentage Change: + 1.16% Day High: 9 Day Low: 6.8

Now above 9 should aim at an initial 9.5 with secondary, if exceeded, comi ……..

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LSE:IGG IG Group Close Mid-Price: 693.5 Percentage Change: -0.29% Day High: 707 Day Low: 687.5

Below 687 still risks reversal to around 684 and hopefully a bounce. If br ……..

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LSE:NWG Natwest Close Mid-Price: 261.6 Percentage Change: -0.08% Day High: 263.5 Day Low: 255.9

Target Met. Weakness next below 255 risks indulging in a path to 237 next ……..

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LSE:PMG Parkmead Close Mid-Price: 38.2 Percentage Change: -4.14% Day High: 38.6 Day Low: 37.5

Target Met. Now dodgier than an SNP politician, below 37 signals reversal ……..

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LSE:SPT Spirent Comms Close Mid-Price: 168.1 Percentage Change: -5.08% Day High: 185.2 Day Low: 167.1

This isn’t looking great as continued traffic below 167 still indicates a ……..

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LSE:TLW Tullow Close Mid-Price: 29 Percentage Change: -1.29% Day High: 30.1 Day Low: 28.32

Target Met. Now below 28 has the potential for reversal to 22 with seconda ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 205 Percentage Change: + 6.49% Day High: 205 Day Low: 192.5

Continued trades against ZOO with a mid-price ABOVE 205 should improve the ……..

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

#Gold #WallSt Not since a dragon escaped from the vaults of Gringotts,  JK Rowling’s famed Swiss bank branch in the Harry Potter series, have we seen a Swiss bank cause such turmoil in the marketplace. Which is a bit strange, ‘cos no-one noticed a dragon soaring over Zurich with a bag marked “swag”. Of course, blame is being attached to Silicon Valley Bank for propagating this mess but the reality is quite different. The writing has been on the wall for Credit Suisse since 2016!

Much is being made of the banks share price being at an all time low, conveniently forgetting it has been at an all time low since June of 2022. Even at the worst of the 2009 banking crisis, the lowest their share price achieved was $18, a number it fell below in 2018 and failed to recover from.

Perhaps it shall prove the share price is now in an endgame toward a final bottom capable of provoking a real bounce. Closing on Wednesday at 2.28 dollars, weakness next below $1.75 looks painfully capable of heading down again, next time to $1.50 with our secondary, if such a target level breaks, calculating at $0.27 and an ultimate bottom, if only because we cannot continue this limbo dance under such a level. Our reason for mentioning this ridiculous sounding target stems from the 9p low achieved by Natwest (Royal Bank of Scotland) back in 2009. No sane person would’ve anticipated a “respected” banking share such as Natwest hitting such a low yet, in the spirit of true banking sector competence, it managed it. While Natwest share price has failed to produce a “multi bagger recovery” (currently trading around 261p, actually around 26.1p which price consolidation is accounted for), it’s also fair to say Natwest has never broken the 9p level again. It did come painfully close in 2020 during Lockdown.

Maybe it’s the case where Credit Suisse shall prove a worthwhile watch, just in case it enacts something ridiculous and hits our $0.27 level. After all, they’re a respectable, well known bank, one which the Swiss Govt appear happy to guarantee in the current crisis. Who knows, perhaps JK Rowling moved some of her petty cash holdings to an account with another bank, thus causing a liquidity issue.

 

We’re not (yet) convinced SVB and CS are the first two dominoes falling, kicking off yet another financial crisis. Many of the share price and index falls experienced across the wider market proved to be arithmetically correct from our perspective, this tending to be a sign behaviour may prove artificial.

If we opt to zoom in on Credit Suisse, it’s apparently the case where above 2.25 dollars should trigger recovery to an initial $2.54 with secondary, if bettered, working out at a possible game changing $3.14, a share price value which (if exceeded) makes gains available in larger increments.

In summary, we suspect this shall prove worth keeping an eye on as there’s a certain attraction in hoping it shall produce a viable long position, essentially anywhere between our two drop target levels. The only major problem is an inability to recommend any sort of stop loss level, other than zero.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:14:54PM	BRENT	74.11									Success
11:17:05PM	GOLD	1921.44	1908	1902	1890	1921	1929	1937	1945	1917	Success
11:20:13PM	FTSE	7387									Success
11:23:31PM	STOX50	4086.4									Success
11:25:34PM	GERMANY	14891.5									Success
11:28:16PM	US500	3896									‘cess
11:30:53PM	DOW	31882.4	31677	31502	31232	31929	31974	32157	32404	31697	‘cess
11:35:30PM	NASDAQ	12295									‘cess
11:40:51PM	JAPAN	26782									Success

 

15/03/2023 FTSE Closed at 7344 points. Change of -3.84%. Total value traded through LSE was: £ 8,338,790,623 a change of 43.77%

14/03/2023 FTSE Closed at 7637 points. Change of 1.18%. Total value traded through LSE was: £ 5,799,952,343 a change of -34.08%

13/03/2023 FTSE Closed at 7548 points. Change of -2.58%. Total value traded through LSE was: £ 8,798,482,438 a change of 25.79%

10/03/2023 FTSE Closed at 7748 points. Change of -1.66%. Total value traded through LSE was: £ 6,994,694,563 a change of 6.35%

9/03/2023 FTSE Closed at 7879 points. Change of -0.63%. Total value traded through LSE was: £ 6,576,891,587 a change of 1.82%

8/03/2023 FTSE Closed at 7929 points. Change of 0.13%. Total value traded through LSE was: £ 6,459,565,037 a change of 19.23%

7/03/2023 FTSE Closed at 7919 points. Change of -0.13%. Total value traded through LSE was: £ 5,417,813,576 a change of -3.92%

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:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:CCL Carnival** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:SDY Speedyhire** **LSE:TLW Tullow** **

********

Updated charts published on : Aston Martin, Asos, Aviva, Barclays, Carnival, Genel, Gulf Keystone, Glencore Xstra, British Airways, IG Group, IQE, Intertek, Music Magpie, Natwest, Ocado Plc, Speedyhire, Tullow,

LSE:AML Aston Martin Close Mid-Price: 240.4 Percentage Change: -8.35% Day High: 265.8 Day Low: 235

If Aston Martin experiences continued weakness below 235, it will invariab ……..

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LSE:ASC Asos Close Mid-Price: 784.5 Percentage Change: -7.49% Day High: 846.5 Day Low: 771

Target Met. Travel now below 771 suggests a visit to an initial 698 with s ……..

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LSE:AV. Aviva Close Mid-Price: 407 Percentage Change: -5.04% Day High: 430 Day Low: 407.2

Target Met. Below 407 suggests coming weakness to 393p and a possible boun ……..

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LSE:BARC Barclays Close Mid-Price: 138.24 Percentage Change: -9.09% Day High: 152.42 Day Low: 138.06

Target Met. Now below 138p suggests a coming visit to 134p with secondary, ……..

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LSE:CCL Carnival Close Mid-Price: 636.4 Percentage Change: -8.96% Day High: 685 Day Low: 634.4

Target Met. Once again, an iceberg has appeared in front of this share pri ……..

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LSE:GENL Genel Close Mid-Price: 114.6 Percentage Change: -4.50% Day High: 121 Day Low: 114

Target Met. Now below 114 indicates reversal potentials to an initial 104 ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 171 Percentage Change: -7.27% Day High: 186.8 Day Low: 171

Target Met. This has gotten dodgy as below 171 now suggests a potential fo ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 412 Percentage Change: -10.72% Day High: 458.65 Day Low: 410.95

Target Met. This is at risk of digging itself a deep hole as below 410 sug ……..

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LSE:IAG British Airways Close Mid-Price: 133.64 Percentage Change: -7.61% Day High: 144.98 Day Low: 133.2

Target Met. Below 133 has the potential of reversal to 129 with secondary, ……..

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LSE:IGG IG Group Close Mid-Price: 695.5 Percentage Change: -9.91% Day High: 770.5 Day Low: 694

Target Met. Now below 694 risks reversal to around 684 and hopefully a bou ……..

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LSE:IQE IQE Close Mid-Price: 25.3 Percentage Change: -10.60% Day High: 28.15 Day Low: 24.9

Target Met. Now below 24 threatens reversal to an initial 19 with secondar ……..

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LSE:ITRK Intertek Close Mid-Price: 3950 Percentage Change: -2.32% Day High: 4045 Day Low: 3934

In the event Intertek experiences weakness below 3934, it calculates with ……..

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LSE:MMAG Music Magpie Close Mid-Price: 25 Percentage Change: -10.71% Day High: 28.2 Day Low: 25.5

This is troubling as weakness now below 25 suggests coming travel to an in ……..

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LSE:NWG Natwest Close Mid-Price: 261.8 Percentage Change: -5.69% Day High: 277.5 Day Low: 260.8

Target Met. It’s rare for a bandwagon to come along without Natwest jumpin ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 425 Percentage Change: -3.67% Day High: 440.4 Day Low: 406.6

Target Met. Continued weakness against OCDO taking the price below 406 cal ……..

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LSE:SDY Speedyhire Close Mid-Price: 33.55 Percentage Change: -2.04% Day High: 34.5 Day Low: 33.4

Now below 33 threatens a visit to an initial 31.7 with secondary, if broke ……..

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LSE:TLW Tullow Close Mid-Price: 29.38 Percentage Change: -9.21% Day High: 32.42 Day Low: 29.08

Continued weakness against TLW taking the price below 29 calculates as lea ……..

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View Previous Tullow & Big Picture ***

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

#FTSE #Stoxx50

Formerly known as Scottish & Southern Energy, SSE only enter our awareness here in Argyll, Scotland, when local campaigns are kicked off to protest against onshore windfarms or currently, a bunch of new electricity pylons across the hill behind our house and away into the distance. The problem with the pylons is one of size, apparently at least twice the size of the existing things.

However, this isn’t actually the greatest issue as the new pylons require a tree free corridor 100 metres above and below the line, essentially making forestry uneconomical. Perhaps the penny shall eventually drop of pine trees being not the only type of tree, deciduous trees making for more pleasing visuals.

 

It’s strange, the company once known as Hydro-Electric, appear to have entered consciousness as always being on the war path to destroy Scotlands scenery, originally with dams everywhere, then pylons and now wind farms and pylons. It’s pretty accurate to describe SSE Plc as a serial polluter of the picture postcard outlook, though, just along the road, there’s a lovely dam and generating station, both perfectly folded into the landscape. The massive blue pipes running down the mountain, not so much…

We had to grin at the police visiting a recent camp SSE established, a team of their engineers surveying the existing pylon route, along with what shall be needed to dismantle and remove existing hardware. The guys were keen to keep their visit low key, establishing themselves within a forest, out of sight from all passers by. Unfortunately, they also chose to haul their caravans and big all terrain trucks into the very place many local dog walkers favour, creating an immediate visual assumption travellers were attempting to establish a ‘wild camping’ site.

A recent fracas, following SSE moving its UK business into a Swiss holding company, provoked the following statement from the UK Labour party. Unusually for politicians, recent antics with electricity prices tend suggest Labour may (unusually) have rare point in their press release;

“The UK’s energy networks are vital strategic infrastructure on which we all rely. You cannot boil a kettle, heat your home or run a business without the grid. The idea that private owners, who have been ripping off the public, would move offshore in an attempt to prolong the rip-off illustrates just why we need the grid back in public hands.”

 

However, similar to many other companies indulging in profiteering currently, it looks like the markets anticipate positive profit levels for the future from SSE. It’s currently the case where price movement above 1,767 threatens to trigger fairly near term movement to 1,803p. Such a modest movement may prove important, taking the share price into a zone where Big Picture potentials become possible and bringing the suggestion movement above 1,803p should designate a future secondary at 1,909p and probable hesitation, if the visuals can be trusted.

However, share price closure above the discrete Blue line on the chart apparently calculates with a third level for the distant future at 2,078p and a new all time high.

To suggest everything is burning down, the share price needs below 1,630p as this allows reversal to an initial 1,487 with secondary, if broken, at 1,416 and hopefully a bounce.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:23:11PM	BRENT	77.33									‘cess
9:25:14PM	GOLD	1904.28
9:27:37PM	FTSE	7632.41	7582	7564	7537	7620	7644	7672	7729	7599	‘cess
9:29:32PM	STOX50	4175.7	4130	4118	4094	4170	4189	4200	4218	4152
9:59:39PM	GERMANY	15226									‘cess
10:01:38PM	US500	3920.85
10:04:16PM	DOW	32120
10:07:53PM	NASDAQ	12194.22									‘cess
10:09:41PM	JAPAN	27425									‘cess

 

14/03/2023 FTSE Closed at 7637 points. Change of 1.18%. Total value traded through LSE was: £ 5,799,952,343 a change of -34.08%

13/03/2023 FTSE Closed at 7548 points. Change of -2.58%. Total value traded through LSE was: £ 8,798,482,438 a change of 25.79%

10/03/2023 FTSE Closed at 7748 points. Change of -1.66%. Total value traded through LSE was: £ 6,994,694,563 a change of 6.35%

9/03/2023 FTSE Closed at 7879 points. Change of -0.63%. Total value traded through LSE was: £ 6,576,891,587 a change of 1.82%

8/03/2023 FTSE Closed at 7929 points. Change of 0.13%. Total value traded through LSE was: £ 6,459,565,037 a change of 19.23%

7/03/2023 FTSE Closed at 7919 points. Change of -0.13%. Total value traded through LSE was: £ 5,417,813,576 a change of -3.92%

6/03/2023 FTSE Closed at 7929 points. Change of -0.23%. Total value traded through LSE was: £ 5,638,585,361 a change of -4.78%

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:AV. Aviva** **LSE:AZN Astrazeneca** **LSE:CCL Carnival** **LSE:CNA Centrica** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:ITRK Intertek** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:OPG OPG Power Ventures** **LSE:SDY Speedyhire** **LSE:SPT Spirent Comms** **

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Updated charts published on : Aviva, Astrazeneca, Carnival, Centrica, Genel, Gulf Keystone, Glencore Xstra, Intertek, Natwest, Ocado Plc, OPG Power Ventures, Speedyhire, Spirent Comms,

LSE:AV. Aviva. Close Mid-Price: 428.6 Percentage Change: + 1.01% Day High: 432.8 Day Low: 420.9

Target Met. Now below 420 suggests a visit to an initial 410 with secondar ……..

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View Previous Aviva & Big Picture ***

LSE:AZN Astrazeneca. Close Mid-Price: 10686 Percentage Change: + 0.00% Day High: 10730 Day Low: 10574

Weakness on Astrazeneca below 10574 will invariably lead to 9918 with seco ……..

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View Previous Astrazeneca & Big Picture ***

LSE:CCL Carnival. Close Mid-Price: 699 Percentage Change: + 1.72% Day High: 705.2 Day Low: 676.2

Continued weakness against CCL taking the price below 676 calculates as le ……..

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View Previous Carnival & Big Picture ***

LSE:CNA Centrica. Close Mid-Price: 107.5 Percentage Change: + 3.42% Day High: 108 Day Low: 103.5

Further movement against Centrica ABOVE 108 should improve acceleration to ……..

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LSE:GENL Genel Close Mid-Price: 120 Percentage Change: -1.48% Day High: 120.6 Day Low: 119

In the event Genel experiences weakness below 119, it calculates with a dr ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 184.4 Percentage Change: + 0.99% Day High: 185.6 Day Low: 178

Target met or near enough. In the event Gulf Keystone experiences weakness ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 461.45 Percentage Change: + 0.60% Day High: 461 Day Low: 447.9

If Glencore Xstra experiences continued weakness below 447, it will invari ……..

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LSE:ITRK Intertek. Close Mid-Price: 4044 Percentage Change: + 0.45% Day High: 4071 Day Low: 3992

In the event Intertek experiences weakness below 3992, it calculates with ……..

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View Previous Intertek & Big Picture ***

LSE:NWG Natwest. Close Mid-Price: 277.6 Percentage Change: + 1.98% Day High: 279.8 Day Low: 269

If Natwest experiences continued weakness below 269, it will invariably le ……..

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View Previous Natwest & Big Picture ***

LSE:OCDO Ocado Plc. Close Mid-Price: 441.2 Percentage Change: + 4.11% Day High: 442.2 Day Low: 419

Continued weakness against OCDO taking the price below 419 calculates as l ……..

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LSE:OPG OPG Power Ventures. Close Mid-Price: 9.6 Percentage Change: + 0.00% Day High: 9.9 Day Low: 9.6

All OPG Power Ventures needs are mid-price trades ABOVE 9.9 to improve acc ……..

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LSE:SDY Speedyhire. Close Mid-Price: 34.25 Percentage Change: + 1.03% Day High: 34.5 Day Low: 33.6

Target Met. Now below 34 threatens a visit to an initial 31.7 with seconda ……..

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LSE:SPT Spirent Comms Close Mid-Price: 173.6 Percentage Change: -1.31% Day High: 177.4 Day Low: 170.9

This isn’t looking great as continued traffic below 170 still indicates a ……..

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