Author: T&T Staff

#Nasdaq #FTSE

It remains extremely possible the markets, thankfully including the UK, are continuing to exhibit signs of a rally. Unheard of numbers from the USA made themselves apparent on Thursday with the Nasdaq up 7.5%, the S&P 500 up 5.5%, and sober Wall St climbing by 3.7%.  In Europe, the FTSE managed 1.1%, pretty pathetic when viewed against Germany at plus 3.5% and the Euro Stoxx 50 also up by 3.2%.

All this largess was blamed on better than expected inflation figures and it looks very like this positive behaviour shall continue, hopefully until the Nasdaq attains around 12400 points while the DAX admires the scenery around 14900 points. Even Wall St presents a strong argument favouring a path to an eventual 36100 points before some serious hesitation is expected. All things considered, it’s probably the case politicians now feel primed to say or do something exceptionally stupid.

We’ve mentioned repeatedly the phenomena of shares or index’ behaving strongly, when they exceed the level of a prior break of a major trend. It’d be naive to think the gains are anything to do with charts themselves, instead it must be remembered “all” a chart is measuring is the level of confidence from investors. This particular chart signal is pretty important, giving a solid clue of assurance & spirit coming back into the marketplace.

Or perhaps it’s just the case folk in the UK are getting fed up with the revolving door in Downing St and seeking light relief elsewhere.

 

For the FTSE, our previous Big Picture potential remains at 7467 points, an ambition which is obviously very close to the current market level. We still suspect the index shall experience some hesitation at such a point.

Near term, movement above 7406 points calculates with the potential of a lift to 7465 points, effectively hitting our Big Picture target mooted a week ago. We can give a secondary, calculating at an astounding 7756 points. Normally we’d cheerfully ridicule such an ambition for a single day buy given market strengths elsewhere, who knows? Maybe the FTSE shall produce a little miracle. Currently the FTSE needs slither below 7300 to rain on the parade, a wide stop loss level but we’d prefer it wider at 7250 points!

 

Our converse scenario, should the FTSE manage to wander below 7285 points risks pushing reversal to an initial 7187 points with secondary, if broken, at 7116 points. At time of writing, absolutely nothing suggests such a calamity.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:59:35PM	BRENT	92.77	91.13	90.39		92.4	93.73	94.21		92.67
10:01:17PM	GOLD	1756	1701	1676		1722	1757	1777		1732	Success
10:03:02PM	FTSE	7398.9	7249	7187		7299	7403	7424		7343	ditto
10:08:36PM	STOX50	3869.9	3824	3805		3843	3870	3901		3792	ditto
10:10:42PM	GERMANY	14242.3	14083	14027		14158	14243	14273		14134	ditto
10:12:55PM	US500	3968.42	3887	3861		3928	3969	3982		3906	ditto
10:55:01PM	DOW	33820	33200	32998		33498	33821	33863		33251	ditto
10:57:44PM	NASDAQ	11668	11237	11148		11426	11675	11707		11580	ditto
11:00:16PM	JAPAN	27962	27719	27699		27833	27977	28166		27830	ditto

 

10/11/2022 FTSE Closed at 7375 points. Change of 1.08%. Total value traded through LSE was: £ 6,515,510,532 a change of 60.71%

9/11/2022 FTSE Closed at 7296 points. Change of -0.14%. Total value traded through LSE was: £ 4,054,252,272 a change of -13.25%

8/11/2022 FTSE Closed at 7306 points. Change of 0.1%. Total value traded through LSE was: £ 4,673,301,102 a change of -8.96%

7/11/2022 FTSE Closed at 7299 points. Change of -0.48%. Total value traded through LSE was: £ 5,133,479,286 a change of -2.79%

4/11/2022 FTSE Closed at 7334 points. Change of 2.03%. Total value traded through LSE was: £ 5,280,778,356 a change of 17.81%

3/11/2022 FTSE Closed at 7188 points. Change of 0.62%. Total value traded through LSE was: £ 4,482,607,171 a change of -6.53%

2/11/2022 FTSE Closed at 7144 points. Change of -0.58%. Total value traded through LSE was: £ 4,796,024,351 a change of -6.77%

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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:DARK Darktrace Plc** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:SRP Serco** **

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Updated charts published on : Applied Graphene, Aston Martin, Asos, Barclays, Barrett Devs, Carnival, Centamin, Darktrace Plc, MAN, Experian, Firstgroup, Fresnillo, British Airways, Igas Energy, IG Group, IQE, ITM Power, Intertek, Just Eat, Marks and Spencer, National Glib, Ocado Plc, Primary Health, Rolls Royce, Scancell, Serco,

LSE:AGM Applied Graphene Close Mid-Price: 4.3 Percentage Change: -20.37% Day High: 5.47 Day Low: 4.3

Ongoing trouble below 4.3 indicates 1.5 next with secondary, if broken, an ……..

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LSE:AML Aston Martin. Close Mid-Price: 150 Percentage Change: + 4.90% Day High: 151.6 Day Low: 142

Now above 151.6 looks capable of 153 next with secondary, if beaten, at a ……..

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LSE:ASC Asos. Close Mid-Price: 695 Percentage Change: + 4.12% Day High: 710.5 Day Low: 643

Further movement against Asos ABOVE 711 should improve acceleration toward ……..

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LSE:BARC Barclays. Close Mid-Price: 157 Percentage Change: + 1.68% Day High: 157.46 Day Low: 153

Continued trades against BARC with a mid-price ABOVE 157.5 should improve ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 412.3 Percentage Change: + 5.85% Day High: 413 Day Low: 385.7

Target Met. Now above 414 gives the potential of gains in the direction of ……..

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LSE:CCL Carnival. Close Mid-Price: 735.8 Percentage Change: + 6.95% Day High: 736.8 Day Low: 670.4

Target Met. Now above 737 gives the potential of movement to 800 next with ……..

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View Previous Carnival & Big Picture ***

LSE:CEY Centamin. Close Mid-Price: 103 Percentage Change: + 4.27% Day High: 103.6 Day Low: 98.4

Target Met. Now above 104 hints at recovery to 109 next with secondary, if ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 377.7 Percentage Change: + 4.42% Day High: 383.1 Day Low: 349.7

Darktrace Plc needs mid-price trades ABOVE 384 to improve acceleration tow ……..

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LSE:EMG MAN. Close Mid-Price: 225.6 Percentage Change: + 5.42% Day High: 227.2 Day Low: 212.2

MAN needs mid-price trades ABOVE 228 to improve acceleration toward an ini ……..

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LSE:EXPN Experian. Close Mid-Price: 2958 Percentage Change: + 6.86% Day High: 2980 Day Low: 2710

Further movement against Experian ABOVE 2980 should improve acceleration t ……..

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LSE:FGP Firstgroup Close Mid-Price: 93.55 Percentage Change: -2.86% Day High: 96.05 Day Low: 89.55

Target Met. Weakness now below 89.5 indicates coming reversal to 87 with s ……..

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View Previous Firstgroup & Big Picture ***

LSE:FRES Fresnillo. Close Mid-Price: 854 Percentage Change: + 3.97% Day High: 858.6 Day Low: 797.8

Target Met. Now above 859 should prove capable of triggering a cycle to 88 ……..

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View Previous Fresnillo & Big Picture ***

LSE:IAG British Airways. Close Mid-Price: 136.62 Percentage Change: + 5.11% Day High: 136.58 Day Low: 129.12

Target Met. In the event of British Airways enjoying further trades beyon ……..

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LSE:IGAS Igas Energy Close Mid-Price: 23.7 Percentage Change: -4.44% Day High: 24.2 Day Low: 23

Continued weakness against IGAS taking the price below 23 calculates as le ……..

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LSE:IGG IG Group. Close Mid-Price: 813.5 Percentage Change: + 3.70% Day High: 815.5 Day Low: 778

Further movement against IG Group ABOVE 816 should improve acceleration to ……..

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LSE:IQE IQE. Close Mid-Price: 48.05 Percentage Change: + 5.03% Day High: 48.25 Day Low: 45

Further movement against IQE ABOVE 48.3 should maintain acceleration towar ……..

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View Previous IQE & Big Picture ***

LSE:ITM ITM Power. Close Mid-Price: 103.35 Percentage Change: + 16.12% Day High: 106.1 Day Low: 86.92

Now above 107 hints at the potential of 120 next with secondary, if better ……..

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LSE:ITRK Intertek. Close Mid-Price: 4017 Percentage Change: + 3.64% Day High: 4052 Day Low: 3815

Target Met. Starting to look encouraging, above 4052 should now trigger fu ……..

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View Previous Intertek & Big Picture ***

LSE:JET Just Eat. Close Mid-Price: 1963.2 Percentage Change: + 8.34% Day High: 1957.8 Day Low: 1807.6

Target Met. Oomph above 1958 expects a visit to 2128 with our secondary, i ……..

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View Previous Just Eat & Big Picture ***

LSE:MKS Marks and Spencer. Close Mid-Price: 120 Percentage Change: + 6.10% Day High: 120.4 Day Low: 108.05

In the event of Marks and Spencer enjoying further trades beyond 121, the ……..

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LSE:NG. National Glib. Close Mid-Price: 1018 Percentage Change: + 3.18% Day High: 1023.5 Day Low: 980.2

Continued trades against NG. with a mid-price ABOVE 1024 should improve th ……..

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View Previous National Glib & Big Picture ***

LSE:OCDO Ocado Plc. Close Mid-Price: 713.2 Percentage Change: + 6.70% Day High: 714.8 Day Low: 648

Target Met. Continued trades against OCDO with a mid-price ABOVE 715 shoul ……..

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View Previous Ocado Plc & Big Picture ***

LSE:PHP Primary Health. Close Mid-Price: 120.1 Percentage Change: + 5.07% Day High: 120.8 Day Low: 113

Above 121 still looks capable of recovery to an initial 123 with secondary ……..

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LSE:RR. Rolls Royce Close Mid-Price: 85.96 Percentage Change: -3.00% Day High: 90.27 Day Low: 86.22

Above 91 suggests the potential of recovery to an initial 97p next with se ……..

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LSE:SCLP Scancell. Close Mid-Price: 19 Percentage Change: + 0.00% Day High: 20.75 Day Low: 19

In the event of Scancell enjoying further trades beyond 20.75, the share s ……..

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LSE:SRP Serco. Close Mid-Price: 169.7 Percentage Change: + 4.62% Day High: 170.4 Day Low: 163.2

Target Met. Price movements above 171 now indicate the potential of furthe ……..

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

#Gold #Stoxx50

We’re all in the wrong business and should retrain as Veterinarians. This epiphany came about when opening the mail as our local Vet finally had gotten around to sending out the bill for the removal of two teeth from a dog. There were no drama’s, no complications, and the dog still doesn’t hate the Vet the way I hate my dentist. A cheeky little £464 bill was enclosed, thanks to the Golden Retriever developing a habit of chewing stones she literally dives underwater for!

While this isn’t in the same financial ballpark, folk holding Bitcoin must be catatonic with the cost to their holdings, thanks to movements on November 9th. We fear the story isn’t over yet, despite the synchronicity of it painting lower lows exactly a year after its all time high.

 

Our previous glance at Bitcoin a couple of months ago proposed a very real threat of reversal to 16,200 dollars with secondary, if broken, at a toxic 12,900 dollars. The crypto currency eventually satisfied our criteria for a severe drop, hitting our initial drop target of 16,200 and hanging around for a whole 20 minutes. Then it fell further… We decided we’d better check our numbers to hopefully confirm where “bottom” actually should be.

Visually, there actually appears to be a chance of a bounce anytime now, thanks to the price closing on the Blue downtrend but given Bitcoin’s history of effectively reversing in $10k increments since it hit the 70,000 dollar level exactly a year ago, we’d be cautious in advocating the prospect of a bounce just yet. Instead, the current situation gives the prospect of a visit to 14,020 should the 15,500 level break with our secondary now calculating at 11,250 dollars. This secondary is quite interesting, rather neatly meeting the $10k drop increment criteria.

However, there’s something more important above the 11,250 level. We now cannot calculate a target below such a point and therefore suspect it almost must rebound at such a point. The bigger question is whether any bounce manages to somehow aim for the crypto’s previous highs?

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:42:28PM	BRENT	91.89									Success
9:44:42PM	GOLD	1704.74	1701	1695	1686	1710	1722	1736	1748	1706
9:46:40PM	FTSE	7269.55
9:51:39PM	STOX50	3705.4	3696	3689	3672	3716	3741	3754	3773	3710
9:55:00PM	GERMANY	13599
10:03:26PM	US500	3752.62									Success
10:06:00PM	DOW	32538.2									‘cess
10:07:57PM	NASDAQ	10805.15									‘cess
10:09:41PM	JAPAN	27518									Success

 

9/11/2022 FTSE Closed at 7296 points. Change of -0.14%. Total value traded through LSE was: £ 4,054,252,272 a change of -13.25%

8/11/2022 FTSE Closed at 7306 points. Change of 0.1%. Total value traded through LSE was: £ 4,673,301,102 a change of -8.96%

7/11/2022 FTSE Closed at 7299 points. Change of -0.48%. Total value traded through LSE was: £ 5,133,479,286 a change of -2.79%

4/11/2022 FTSE Closed at 7334 points. Change of 2.03%. Total value traded through LSE was: £ 5,280,778,356 a change of 17.81%

3/11/2022 FTSE Closed at 7188 points. Change of 0.62%. Total value traded through LSE was: £ 4,482,607,171 a change of -6.53%

2/11/2022 FTSE Closed at 7144 points. Change of -0.58%. Total value traded through LSE was: £ 4,796,024,351 a change of -6.77%

1/11/2022 FTSE Closed at 7186 points. Change of 1.3%. Total value traded through LSE was: £ 5,144,430,090 a change of -18.4%

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:BLOE Block Energy PLC** **LSE:CEY Centamin** **LSE:ECO ECO (Atlantic) O & G** **LSE:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:IAG British Airways** **LSE:IPF International Personal Finance** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Aston Martin, Block Energy PLC, Centamin, ECO (Atlantic) O & G, Firstgroup, Fresnillo, British Airways, International Personal Finance, Intertek, Just Eat, Marks and Spencer, National Glib, Ocado Plc, Rolls Royce, Zoo Digital,

LSE:AML Aston Martin. Close Mid-Price: 143 Percentage Change: + 1.67% Day High: 146.1 Day Low: 136.4

Now above 147 looks capable of 153 next with secondary, if beaten, at a s ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 1.4 Percentage Change: -12.50% Day High: 1.6 Day Low: 1.35

Below 1.35 now suggests 1.28 next with secondary, if (when) broken at 0.90 ……..

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View Previous Block Energy PLC & Big Picture ***

LSE:CEY Centamin. Close Mid-Price: 98.78 Percentage Change: + 1.02% Day High: 99.72 Day Low: 97.5

Now above 100 points at 101.5 next with secondary, if bettered, up at 108. ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 42.5 Percentage Change: + 8.28% Day High: 44 Day Low: 42.5

Target Met. Now above 44 suggests coming movement to an initial 47.5 with ……..

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LSE:FGP Firstgroup Close Mid-Price: 96.3 Percentage Change: -9.92% Day High: 113.2 Day Low: 94.9

In the event Firstgroup experiences weakness below 94.9, it calculates wit ……..

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LSE:FRES Fresnillo. Close Mid-Price: 821.4 Percentage Change: + 1.78% Day High: 829.6 Day Low: 805.2

Target Met. Wow, that was concise! Now above 830 should prove capable of t ……..

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LSE:IAG British Airways. Close Mid-Price: 129.98 Percentage Change: + 0.25% Day High: 130.36 Day Low: 127.74

In the event of British Airways enjoying further trades beyond 130.36, th ……..

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LSE:IPF International Personal Finance Close Mid-Price: 76 Percentage Change: -2.69% Day High: 76.6 Day Low: 76

Now below 71 suggests reversal to an initial 65 with secondary, if broken, ……..

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LSE:ITRK Intertek Close Mid-Price: 3876 Percentage Change: -0.41% Day High: 3912 Day Low: 3867

Continued trades against ITRK with a mid-price ABOVE 3912 should improve t ……..

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LSE:JET Just Eat Close Mid-Price: 1812 Percentage Change: -0.88% Day High: 1846.4 Day Low: 1794.4

Further movement against Just Eat ABOVE 1847 should improve acceleration t ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 113.1 Percentage Change: -3.37% Day High: 119.7 Day Low: 108.9

In the event of Marks and Spencer enjoying further trades beyond 119.8, t ……..

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LSE:NG. National Glib. Close Mid-Price: 986.6 Percentage Change: + 0.88% Day High: 987.6 Day Low: 966.4

Continued trades against NG. with a mid-price ABOVE 988 should improve the ……..

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View Previous National Glib & Big Picture ***

LSE:OCDO Ocado Plc Close Mid-Price: 668.4 Percentage Change: -5.00% Day High: 709 Day Low: 669.8

Continued trades against OCDO with a mid-price ABOVE 709 should improve th ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 88.62 Percentage Change: + 0.20% Day High: 89.49 Day Low: 87.04

Above 90 suggests the potential of recovery to an initial 97p next with se ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 180 Percentage Change: -2.70% Day High: 188.5 Day Low: 177.5

Above 189 comes with the hope of ongoing promises to 198 next with seconda ……..

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

Elementis Plc (LSE:ELM)

Like everyone, we’re painfully aware of the costs of heating a house, perhaps more so as we’re in wet, windy, and cold Scotland. Thankfully, a forest behind our house provides plenty of wood and if that’s too slow in providing heat, we’ve oil fired heating. But sometimes, instant heat is appreciated and a Youtube video provided inspiration to build a heater.

It’s easy to forget Youtube videos only ever show the finished product but this concept looked seriously easy. All it needed was two tin cans, some wire gauze, a metal sheet, and a couple of baking tins. And fuel, something called Methanol. A visit to the local shop allowed a quick return with a can of sweetcorn, a can of peas, and some methylated spirits. A few minutes of shed time later (aka 2 hours) and the heater was ready to test. The sweetcorn tin had been emptied and partially filled with Meths, the peas tin slid easily inside it, wick material between the two food cans. Amazingly, it lit easily without any explosions despite being tested outdoors in wet & windy conditions, so the rest of the build could continue. It’s pictured below, visually quite pretty and giving out an impressive amount of instant heat aside from one little flaw.

My wife was out with the animals, so I thought I’d surprise her by heating the lounge for her return from the walk. This time, the sweetcorn can was almost filled with fuel and the surprisingly nice looking contraption was placed on the coffee table, lit, apparently able to provide 4-6 hours of heat from just 1/6 litre of fuel. Using familiar purple Meths proved my undoing as it’s not the same product as methanol. Which I was supposed to use! Meths stinks, quite deliberately, as it’s methanol on additives, designed to stop people drinking it. Unfortunately, by the time my wife returned, our lounge was warm and smelly, needing the windows opened once the thing burnt out several hours later.

 

Elementis appear to specialise in additives for many materials, hopefully they’re not the folk I was cursing for changing methanol into meths.

Their share price appears to be in the early stages of doing something useful. The current movement cycle suggests above 105p shall make an attempt at 113 next, affording the share the opportunity to exceed a downtrend since 2018. This looks like being quite a big deal as price closure above Blue on the chart (110 currently) has implications from a Big Picture perspective.

Above 113p looks capable of triggering price recovery to an initial 132p with secondary, if exceeded, at 148p and the risk of some hesitation, should the chart history live up to expectations. Unusually, in this instance, we’re able to give a longer term third level at 170p, effectively challenging the highs of last year and giving considerable hope for the future.

Their share price needs below 86p to scupper our optimism, risking reversal to 48p and hopefully a bottom.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:31:54PM	BRENT	94.73									‘cess
11:35:33PM	GOLD	1712.93									Success
11:38:08PM	FTSE	7304	7241	7227	7178	7277	7319	7325	7337	7279
11:40:17PM	STOX50	3734.7									Success
11:42:54PM	GERMANY	13678.03									‘cess
11:44:43PM	US500	3834.62									Success
11:47:07PM	DOW	33170	32758	32575	32312	32965	33365	33568	33817	33102	Success
11:49:09PM	NASDAQ	11082									‘cess
11:50:56PM	JAPAN	27933									Success

 

8/11/2022 FTSE Closed at 7306 points. Change of 0.1%. Total value traded through LSE was: £ 4,673,301,102 a change of -8.96%

7/11/2022 FTSE Closed at 7299 points. Change of -0.48%. Total value traded through LSE was: £ 5,133,479,286 a change of -2.79%

4/11/2022 FTSE Closed at 7334 points. Change of 2.03%. Total value traded through LSE was: £ 5,280,778,356 a change of 17.81%

3/11/2022 FTSE Closed at 7188 points. Change of 0.62%. Total value traded through LSE was: £ 4,482,607,171 a change of -6.53%

2/11/2022 FTSE Closed at 7144 points. Change of -0.58%. Total value traded through LSE was: £ 4,796,024,351 a change of -6.77%

1/11/2022 FTSE Closed at 7186 points. Change of 1.3%. Total value traded through LSE was: £ 5,144,430,090 a change of -18.4%

31/10/2022 FTSE Closed at 7094 points. Change of 0.67%. Total value traded through LSE was: £ 6,304,594,565 a change of 56.13%

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:AFC AFC Energy** **LSE:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:BARC Barclays** **LSE:CEY Centamin** **LSE:FRES Fresnillo** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : AFC Energy, Applied Graphene, Aston Martin, Asos, Barclays, Centamin, Fresnillo, British Airways, IQE, Intertek, ITV, Just Eat, National Glib, Ocado Plc, Primary Health, Rolls Royce, Sainsbury, Tesco, Zoo Digital,

LSE:AFC AFC Energy. Close Mid-Price: 23.9 Percentage Change: + 5.10% Day High: 24.48 Day Low: 22.5

In the event of AFC Energy enjoying further trades beyond 24.5, the share ……..

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LSE:AGM Applied Graphene Close Mid-Price: 6.4 Percentage Change: -41.82% Day High: 11 Day Low: 5

Target Met. Ongoing trouble below 5 indicates 1.5 next with secondary, if ……..

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LSE:AML Aston Martin. Close Mid-Price: 140.65 Percentage Change: + 5.04% Day High: 144.1 Day Low: 130

Target Met. Now above 145 looks capable of 153 next with secondary, if bea ……..

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LSE:ASC Asos. Close Mid-Price: 678.5 Percentage Change: + 4.87% Day High: 677.5 Day Low: 620.5

Target Met. Further movement against Asos ABOVE 678 should improve acceler ……..

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LSE:BARC Barclays. Close Mid-Price: 154.18 Percentage Change: + 1.04% Day High: 155.94 Day Low: 152.82

Continued trades against BARC with a mid-price ABOVE 156 should improve th ……..

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LSE:CEY Centamin. Close Mid-Price: 97.78 Percentage Change: + 3.71% Day High: 97.44 Day Low: 92.9

Target Met. Now above 98 points at 101.5 next with secondary, if bettered, ……..

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LSE:FRES Fresnillo. Close Mid-Price: 807 Percentage Change: + 4.26% Day High: 808.4 Day Low: 763

This has produced the required miracle and now above 809 promises recovery ……..

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LSE:IAG British Airways. Close Mid-Price: 129.66 Percentage Change: + 1.47% Day High: 129.84 Day Low: 126.16

In the event of British Airways enjoying further trades beyond 130, the s ……..

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LSE:IQE IQE. Close Mid-Price: 46.1 Percentage Change: + 1.99% Day High: 46.2 Day Low: 45.1

Further movement against IQE ABOVE 47 should improve acceleration toward a ……..

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LSE:ITRK Intertek. Close Mid-Price: 3892 Percentage Change: + 1.91% Day High: 3897 Day Low: 3784

Continued trades against ITRK with a mid-price ABOVE 3897 should improve t ……..

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LSE:ITV ITV. Close Mid-Price: 73.16 Percentage Change: + 2.49% Day High: 73.3 Day Low: 70.36

Continued trades against ITV with a mid-price ABOVE 73.3 should improve th ……..

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LSE:JET Just Eat. Close Mid-Price: 1828 Percentage Change: + 1.99% Day High: 1840.8 Day Low: 1769.8

Further movement against Just Eat ABOVE 1841 should improve acceleration t ……..

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LSE:NG. National Glib. Close Mid-Price: 978 Percentage Change: + 2.32% Day High: 980.2 Day Low: 956.4

Continued trades against NG. with a mid-price ABOVE 981 should improve the ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 703.6 Percentage Change: + 4.36% Day High: 700 Day Low: 657.4

Continued trades against OCDO with a mid-price ABOVE 704 should improve th ……..

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LSE:PHP Primary Health. Close Mid-Price: 114 Percentage Change: + 0.09% Day High: 116.4 Day Low: 112.4

Above 117 still looks capable of recovery to an initial 123 with secondary ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 88.44 Percentage Change: + 2.42% Day High: 87.88 Day Low: 84.4

Target Met. Now above 88 suggests the potential of recovery to an initial ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 219.2 Percentage Change: + 0.55% Day High: 220 Day Low: 216.2

Continued trades against SBRY with a mid-price ABOVE 220 should improve th ……..

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LSE:TSCO Tesco. Close Mid-Price: 230.3 Percentage Change: + 1.14% Day High: 230.6 Day Low: 225.3

Target Met. Movement now above 231 calculates with the hope of 243 next wi ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 185 Percentage Change: + 9.79% Day High: 185.5 Day Low: 169

Target Met. Now above 186 comes with the hope of ongoing promises to 198 n ……..

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

#Gold #SP500

When reading an article about gas production, an interesting detail was the UK doesn’t import gas from Russia while mainland Europe requires it for electricity production. Unfortunately, the UK imports around 60% of its electricity from Europe with the result obstruction of Russian gas supply will still effect the UK, along with Europe, this winter.

It’s funny how the darker evenings tend focus the mind in such a direction, especially due to it being almost dark on Monday by 4pm here in Argyll, Scotland. Low cloud along with constant rain saw the streetlights pop into action by 3pm, once again another year when we curse the clocks changing for winter.

 

Serica Energy Plc, a company with around 20% of their production being oil with the remainder being natural gas, produce around 5% of the UK’s gas needs. Their website also employs a strong font to boast “Serica is debt free with strong cash flows from production”. Doubtless, due to current energy prices, even their janitorial and canteen staff are doubtless swayed in the direction of Porsche rather than Ferrari, thanks to this weeks Top Gear road test conclusion.

The surprise with Serica is their share price, despite industry members announcing record profits due to taking advantage of inflation, has been in decline since September. Hopefully, we’re seeing early signs it may have bottomed, needing above 329p to suggest imminent movement to a modest 339p next. Movement such as this shall be viewed as positive, exceeding the immediate downtrend and allowing a secondary, should 339p be exceeded, at a more generous 383p, along with almost certain hesitation due to a history of stutters around such a level. Only with closure above 383p shall we dare admit we can calculate a distant 475p as producing a long term attraction.

 

As always with shares, there’s a fly in the ointment and we’ve circled it on the chart. On October 31st, there was a very deliberate intraday movement below the Red uptrend. The day ended with the share price closing above the trend, creating the impression it was all a terrible mistake. We dislike this sort of thing and often regard these trend breaks as early warning for some sort of pending future mess. In this instance, below 288p will make a visit to 250p a viable proposition with secondary, if broken, at 192p and hopefully a bounce.

To be fair, even a break of Red at around 300p currently would give early cause for real concern. But for now, we suspect it intends head to 383p on the current movement cycle.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:43:48PM	BRENT	97.56
9:46:35PM	GOLD	1674.67	1665	1662	1656	1675	1682	1685	1692	1673
9:49:06PM	FTSE	7268.78									‘cess
9:53:33PM	STOX50	3709.8
9:56:01PM	GERMANY	13535.97
9:58:01PM	US500	3805.02	3741	3716	3684	3772	3809	3819	3835	3798	‘cess
10:00:12PM	DOW	32810									Success
10:02:08PM	NASDAQ	10980
10:04:48PM	JAPAN	27617									‘cess

+

7/11/2022 FTSE Closed at 7299 points. Change of -0.48%. Total value traded through LSE was: £ 5,133,479,286 a change of -2.79%

4/11/2022 FTSE Closed at 7334 points. Change of 2.03%. Total value traded through LSE was: £ 5,280,778,356 a change of 17.81%

3/11/2022 FTSE Closed at 7188 points. Change of 0.62%. Total value traded through LSE was: £ 4,482,607,171 a change of -6.53%

2/11/2022 FTSE Closed at 7144 points. Change of -0.58%. Total value traded through LSE was: £ 4,796,024,351 a change of -6.77%

1/11/2022 FTSE Closed at 7186 points. Change of 1.3%. Total value traded through LSE was: £ 5,144,430,090 a change of -18.4%

31/10/2022 FTSE Closed at 7094 points. Change of 0.67%. Total value traded through LSE was: £ 6,304,594,565 a change of 56.13%

28/10/2022 FTSE Closed at 7047 points. Change of -0.37%. Total value traded through LSE was: £ 4,038,109,035 a change of -18.02%

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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CASP Caspian** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SRP Serco** **LSE:TLW Tullow** **LSE:TSCO Tesco** **

********

Updated charts published on : Applied Graphene, Aston Martin, Asos, Barclays, Barrett Devs, Caspian, British Airways, IQE, ITV, Just Eat, Marks and Spencer, National Glib, Ocado Plc, Rolls Royce, Sainsbury, Scancell, Serco, Tullow, Tesco,

LSE:AGM Applied Graphene Close Mid-Price: 11 Percentage Change: -10.20% Day High: 12.25 Day Low: 11

Target met. Weakness on Applied Graphene below 11 will invariably lead to ……..

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LSE:AML Aston Martin. Close Mid-Price: 133.9 Percentage Change: + 19.61% Day High: 134.75 Day Low: 110.55

Target met. All Aston Martin needs are mid-price trades ABOVE 134.75 to i ……..

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LSE:ASC Asos. Close Mid-Price: 647 Percentage Change: + 2.37% Day High: 668.5 Day Low: 613

Further movement against Asos ABOVE 668.5 should improve acceleration tow ……..

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LSE:BARC Barclays Close Mid-Price: 152.6 Percentage Change: -0.60% Day High: 155.5 Day Low: 151.84

Continued trades against BARC with a mid-price ABOVE 155.5 should improve ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 385.7 Percentage Change: -0.75% Day High: 393.9 Day Low: 382.8

Target met. All Barrett Devs needs are mid-price trades ABOVE 393.9 to im ……..

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LSE:CASP Caspian. Close Mid-Price: 4.15 Percentage Change: + 15.28% Day High: 4.8 Day Low: 3.45

Continued trades against CASP with a mid-price ABOVE 4.8 should improve t ……..

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LSE:IAG British Airways. Close Mid-Price: 127.78 Percentage Change: + 2.24% Day High: 128.36 Day Low: 123.5

In the event of British Airways enjoying further trades beyond 128.36, t ……..

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LSE:IQE IQE. Close Mid-Price: 45.2 Percentage Change: + 4.39% Day High: 45.5 Day Low: 43.5

Further movement against IQE ABOVE 45.5 should improve acceleration towar ……..

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LSE:ITV ITV. Close Mid-Price: 71.38 Percentage Change: + 4.05% Day High: 71.72 Day Low: 68.38

Continued trades against ITV with a mid-price ABOVE 71.72 should improve ……..

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LSE:JET Just Eat. Close Mid-Price: 1792.4 Percentage Change: + 2.53% Day High: 1800 Day Low: 1726.6

Further movement against Just Eat ABOVE 1800 should improve acceleration ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 115 Percentage Change: + 2.09% Day High: 117.6 Day Low: 111.45

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

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LSE:NG. National Glib Close Mid-Price: 955.8 Percentage Change: -1.20% Day High: 977.4 Day Low: 957.2

Continued trades against NG. with a mid-price ABOVE 977.4 should improve ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 674.2 Percentage Change: + 6.34% Day High: 698.6 Day Low: 630.6

Continued trades against OCDO with a mid-price ABOVE 698.6 should improve ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 86.35 Percentage Change: + 1.46% Day High: 86.25 Day Low: 82.95

All Rolls Royce needs are mid-price trades ABOVE 86.25 to improve acceler ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 218 Percentage Change: + 4.46% Day High: 219.3 Day Low: 208.1

Continued trades against SBRY with a mid-price ABOVE 219.3 should improve ……..

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LSE:SCLP Scancell. Close Mid-Price: 20 Percentage Change: + 4.58% Day High: 20.35 Day Low: 19.38

In the event of Scancell enjoying further trades beyond 20.35, the share ……..

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LSE:SRP Serco Close Mid-Price: 164.4 Percentage Change: -1.20% Day High: 168 Day Low: 159.5

All Serco needs are mid-price trades ABOVE 168 to improve acceleration to ……..

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LSE:TLW Tullow. Close Mid-Price: 48.92 Percentage Change: + 1.16% Day High: 49.48 Day Low: 47.72

Continued trades against TLW with a mid-price ABOVE 49.48 should improve ……..

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LSE:TSCO Tesco. Close Mid-Price: 227.7 Percentage Change: + 2.02% Day High: 228.8 Day Low: 222

In the event of Tesco enjoying further trades beyond 228.8, the share sho ……..

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

#Brent #Stoxx50

With “I’m a Celebrity” back on TV, sadly missing from our screens during the last 3 Prime Ministers, the UK government must be hoping for  a respite from bad headlines despite one of their number feeding at the Australian trough as part of the show. However, there’s now another facet of life which may detract from political incompetence in the weeks ahead, unusual optimism!

Barclays share price has done the unthinkable. It has finally closed a session above the level of trend break back in September (151.54p) making the likelihood of sharp reversal quite a difficult stance to defend. To be honest, we’re fairly hopeful for the share price to start doing something useful in the weeks ahead.

 

The immediate situation allows for movement next above 155p to make an attempt at an initial 160p. Our secondary target, if the initial is exceeded, works out at a visually sane ambition of 169p. A glance at the charts suggests the potential of some hesitation around the 169p level, if only due to the series of four attempts at this level during this year. It’s important to point out share price closure above the 169p level shall prove especially important for the longer term as a future lunge in the direction of 192p calculates as especially confident.

 

Should Barclays once again intend test the buttock clenching powers of traders, the share price needs execute a tumble below 146p to tick the first box marked “Trouble” as this risks provoking reversal to an initial 140p. Below this level, things get hairier than a Bushmaster Trial as a future secondary of 123p works out as possible.

For now, maybe it’s playing a game of “I’m a Reasonable Share Price, Get Up there”…

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
5:13:30PM	BRENT	98.43	94.92	94.56	93.24	96.8	98.59	99.29	100.91	96.54
5:15:27PM	GOLD	1681
5:19:15PM	FTSE	7347.48
5:21:10PM	STOX50	3698.8	3651	3633	3607	3675	3712	3721	3744	3680
5:23:22PM	GERMANY	13491.25
5:25:03PM	US500	3769.28
5:27:04PM	DOW	32399
5:57:51PM	NASDAQ	10852.2
5:59:42PM	JAPAN	27492

 

4/11/2022 FTSE Closed at 7334 points. Change of 2.03%. Total value traded through LSE was: £ 5,280,778,356 a change of 17.81%

3/11/2022 FTSE Closed at 7188 points. Change of 0.62%. Total value traded through LSE was: £ 4,482,607,171 a change of -6.53%

2/11/2022 FTSE Closed at 7144 points. Change of -0.58%. Total value traded through LSE was: £ 4,796,024,351 a change of -6.77%

1/11/2022 FTSE Closed at 7186 points. Change of 1.3%. Total value traded through LSE was: £ 5,144,430,090 a change of -18.4%

31/10/2022 FTSE Closed at 7094 points. Change of 0.67%. Total value traded through LSE was: £ 6,304,594,565 a change of 56.13%

28/10/2022 FTSE Closed at 7047 points. Change of -0.37%. Total value traded through LSE was: £ 4,038,109,035 a change of -18.02%

27/10/2022 FTSE Closed at 7073 points. Change of 0.24%. Total value traded through LSE was: £ 4,925,692,743 a change of -22.87%

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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:CASP Caspian** **LSE:ECO ECO (Atlantic) O & G** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:TLW Tullow** **

********

Updated charts published on : Applied Graphene, Aston Martin, Barclays, Barrett Devs, BP PLC, Caspian, ECO (Atlantic) O & G, Glencore Xstra, British Airways, Intercontinental Hotels Group, Just Eat, Marks and Spencer, National Glib, Rolls Royce, Scancell, Tullow,

LSE:AGM Applied Graphene Close Mid-Price: 12.25 Percentage Change: -2.00% Day High: 12.5 Day Low: 12.25

If Applied Graphene experiences continued weakness below 12.25, it will i ……..

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LSE:AML Aston Martin. Close Mid-Price: 111.95 Percentage Change: + 6.62% Day High: 114.3 Day Low: 103.45

In the event of Aston Martin enjoying further trades beyond 114.3, the sh ……..

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LSE:BARC Barclays. Close Mid-Price: 153.52 Percentage Change: + 2.68% Day High: 154.52 Day Low: 150.38

All Barclays needs are mid-price trades ABOVE 154.52 to improve accelerat ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 388.6 Percentage Change: + 2.42% Day High: 390.1 Day Low: 377.3

Further movement against Barrett Devs ABOVE 390.1 should improve accelera ……..

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LSE:BP. BP PLC. Close Mid-Price: 499.95 Percentage Change: + 1.31% Day High: 504.4 Day Low: 493

Target met. Further movement against BP PLC ABOVE 504.4 should improve ac ……..

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LSE:CASP Caspian. Close Mid-Price: 3.6 Percentage Change: + 44.00% Day High: 4 Day Low: 2.6

Despite an interesting day, this managed to remain dodgy. The only good ne ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 40.8 Percentage Change: + 3.03% Day High: 42 Day Low: 39.75

All ECO (Atlantic) O & G needs are mid-price trades ABOVE 42 to improve a ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 532 Percentage Change: + 2.50% Day High: 548.2 Day Low: 529.1

Target met. All Glencore Xstra needs are mid-price trades ABOVE 548.2 to ……..

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LSE:IAG British Airways. Close Mid-Price: 124.98 Percentage Change: + 0.94% Day High: 126.64 Day Low: 123.96

Target met. Further movement against British Airways ABOVE 126.64 should ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4789 Percentage Change: + 1.55% Day High: 4851 Day Low: 4691

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

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LSE:JET Just Eat. Close Mid-Price: 1748.2 Percentage Change: + 16.39% Day High: 1755 Day Low: 1533

Target met. All Just Eat needs are mid-price trades ABOVE 1755 to improve ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 112.65 Percentage Change: + 2.78% Day High: 113.6 Day Low: 109.15

Continued trades against MKS with a mid-price ABOVE 113.6 should improve ……..

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LSE:NG. National Glib. Close Mid-Price: 967.4 Percentage Change: + 0.39% Day High: 975 Day Low: 958.6

Further movement against National Glib ABOVE 975 should improve accelerat ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 85.11 Percentage Change: + 6.18% Day High: 85.52 Day Low: 80.58

Target met. In the event of Rolls Royce enjoying further trades beyond 85 ……..

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LSE:SCLP Scancell. Close Mid-Price: 19.12 Percentage Change: + 2.68% Day High: 19.5 Day Low: 18.62

Further movement against Scancell ABOVE 19.5 should improve acceleration ……..

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LSE:TLW Tullow. Close Mid-Price: 48.36 Percentage Change: + 5.73% Day High: 48.74 Day Low: 45.56

All Tullow needs are mid-price trades ABOVE 48.74 to improve acceleration ……..

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

#FTSE #Nasdaq

In celebration of the first really sunny day for an age, the little tractor was coaxed into life, and the lawn given its final cut of the year. Hopefully! Provoking the panic was the sight of a particular patch of grass, suddenly sprouting, a real puzzle as this area of the lawn usually needs cut the least. Only once the tractor was hosed down and back in the shed did the completely obvious penny drop.

It’s Autumn and the trees have lost their leaves, creating a situation where the early morning sun is now shining through the office windows, the forest no longer shielding our eyes. This sunshine, while making its autumnal way to the office, also illuminates about a 10 metre wide strip of lawn, which has waited the entire summer to frantically grow.

If only something similar would happen with the UK’s AIM market…

 

We’re waiting with baited breath for the FTSE to burst into life, the UK’s index again achieving a “higher high” since closing above the point of trend-break on Tuesday. Okay, so far things are proving about as exciting as a report on Facebook (Meta) share price, something we still suspect shall bottom by $77. It’s currently in the 80’s. But for the FTSE, on Tuesday it closed a whole 6 points above the trend-break level and Thursday found us asthmatic with a closing price now 8 points above the trend level. However, it’s the AIM which is of immediate concern.

Currently trading around 809, the AIM needs exceed 861 points to exceed its personal Pandemic trend-break level and cause an outbreak of enthusiasm. Thankfully, this index doesn’t need try terribly hard to kick itself into life.

At present, we’d regard 825 as a viable trigger level for the AIM, a number which should trigger movement to an initial 842 with secondary, if exceeded, working out at 867 points. This should permit this index to close above the critical 861 points and as a result, discover itself trading in a zone where a longer term attraction should be viewed at 1098 points.

Perhaps it shall be the case the AIM will discover its own little patch of sunlight and start some recovery, maybe even with one of these mythical Santa Rally events. Otherwise, it’s actually trading in a zone where our ultimate bottom works out at a silly looking 575 points.

 

 

FTSE for Friday Things are becoming a little concerning, thanks to efforts in the USA and UK to derail economic hopes with interest rates. The latest BoE projections suggesting they’ve successfully forced the UK into recession for the next couple of years will prove especially worrying for folk with variable mortgages, reminding of a lyric from a (terrible) David Bowie song “Puting out the fire with gasoline”. We’re more than a little puzzled “they” opted to wait until the FTSE was showing signs of recovery before acting. In the USA, things are already looking quite fragile and now, it appears the Nasdaq intends bottom around 9200 points. Similarly, the S&P 500 looks like it may struggle to avoid a visit to the 3000 point level but conversely, Wall St isn’t showing any great signals for calamity, needing below 31550 to raise the first eyebrow.

Near term, the FTSE below 7075 points looks capable of reversal to an initial 7031 with secondary, when broken, down at 6968 points and hopefully a bounce. If triggered, the tightest stop looks reasonable at 7121 points.

Our alternate, happier, scenario from a world which promotes the concept of the UK market heading to 7467 points, suggests strength above 7208 points should take aim at an initial 7251 with our longer term (or later that day) secondary ambition working out at 7331 points. Hopefully our little bit of sunlight also shines on the FTSE.

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
8:59:04PM	BRENT	94.27	93.8	92.745		95.24	96.27	96.77		94.95
9:09:59PM	GOLD	1629.95	1617	1612		1629	1633	1638		1624	Success
9:11:50PM	FTSE	7191.99	7133	7126		7166	7201	7244		7167
9:18:44PM	STOX50	3591.8	3560	3549		3586	3598	3611		3578
9:56:02PM	GERMANY	13127.5	13018	12943		13151	13197	13216		13160	‘cess
9:58:16PM	US500	3716	3695	3663		3749	3767	3776		3746	‘cess
10:00:32PM	DOW	31987.2	31713	31546		32035	32240	32418		32060	‘cess
10:04:16PM	NASDAQ	10677	10667	10583		10780	10957	11057		10856	‘cess
10:07:33PM	JAPAN	27277	27251	27137		27361	27407	27471		27298	‘cess

3/11/2022 FTSE Closed at 7188 points. Change of 0.62%. Total value traded through LSE was: £ 4,482,607,171 a change of -6.53%

2/11/2022 FTSE Closed at 7144 points. Change of -0.58%. Total value traded through LSE was: £ 4,796,024,351 a change of -6.77%

1/11/2022 FTSE Closed at 7186 points. Change of 1.3%. Total value traded through LSE was: £ 5,144,430,090 a change of -18.4%

31/10/2022 FTSE Closed at 7094 points. Change of 0.67%. Total value traded through LSE was: £ 6,304,594,565 a change of 56.13%

28/10/2022 FTSE Closed at 7047 points. Change of -0.37%. Total value traded through LSE was: £ 4,038,109,035 a change of -18.02%

27/10/2022 FTSE Closed at 7073 points. Change of 0.24%. Total value traded through LSE was: £ 4,925,692,743 a change of -22.87%

26/10/2022 FTSE Closed at 7056 points. Change of 0.61%. Total value traded through LSE was: £ 6,386,400,567 a change of 43.51%

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:AML Aston Martin** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:ECO ECO (Atlantic) O & G** **LSE:NG. National Glib** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:TSCO Tesco** **

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Updated charts published on : Aston Martin, BP PLC, British Telecom, ECO (Atlantic) O & G, National Glib, Sainsbury, Scancell, Tesco,

LSE:AML Aston Martin. Close Mid-Price: 105 Percentage Change: + 17.21% Day High: 103 Day Low: 88.6

Target met. Further movement against Aston Martin ABOVE 105 should improv ……..

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LSE:BP. BP PLC. Close Mid-Price: 493.5 Percentage Change: + 1.89% Day High: 494.25 Day Low: 479.85

All BP PLC needs are mid-price trades ABOVE 494.25 to improve acceleratio ……..

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LSE:BT.A British Telecom Close Mid-Price: 116.4 Percentage Change: -8.88% Day High: 123.45 Day Low: 113.95

Target met. In the event British Telecom experiences weakness below 113.9 ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 39.6 Percentage Change: + 14.78% Day High: 41.5 Day Low: 36.25

Target met. In the event of ECO (Atlantic) O & G enjoying further trades ……..

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LSE:NG. National Glib Close Mid-Price: 963.6 Percentage Change: -0.19% Day High: 966.6 Day Low: 950

All National Glib needs are mid-price trades ABOVE 966.6 to improve accel ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 211.6 Percentage Change: + 6.95% Day High: 212.5 Day Low: 199.15

Now above 213 should be useful, indicating the potential of a move to 225 ……..

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LSE:SCLP Scancell. Close Mid-Price: 18.62 Percentage Change: + 7.97% Day High: 18.75 Day Low: 17.12

Continued trades against SCLP with a mid-price ABOVE 18.75 should improve ……..

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LSE:TSCO Tesco. Close Mid-Price: 223 Percentage Change: + 2.86% Day High: 223.2 Day Low: 215.4

Continued trades against TSCO with a mid-price ABOVE 223.2 should improve ……..

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

#Gold #SP500

It appears Lithium is hot this week as a bunch of emails appeared, asking our thoughts on Firering. It was easy to make the assumption their activities were based in The Ring Of Fire, around the Pacific ocean, due to the company name. Instead, it transpires they operate in West Africa. But first, some thoughts on the US interest rate change, the UK expected to follow suit.

The whole interest rate thing is, personally, an enigma. A common refrain from governments is of the need to raise interest rates to control inflation, mindset which appears counter intuitive. By increasing interest rates, the cost of money increases, the cost of living increases, and of course, inflation goes up. Is it really the case governments want to harm industry and business by forcing prices higher, to reduce demand, necessitating business’ to reduce margins and cut prices in the hope of creating demand.

Simply from viewing the price of crude oil alone, the (almost) worldwide gambit of price gouging was clearly agreed before Russia did anything to Ukraine, oil and gas prices being seen as a leading cause in the current inflationary cycle. Perhaps there’s a little magic from interest rates we’re all unaware of, maybe provoking the cost of refining a barrel of crude to reduce from $49 back closer to the original $9 at the start if this year. Alas, rather than dare question why this occurred in a synchronised event among the oil majors , politicians just shake their heads and shrug about the dangers of inflation. It’s all a little crazy, the logic surely ensuring the statue of economist Thomas Malthus spins on its plinth when no-one is watching.

 

For those who want to learn more about Firering activities, a visit to their website is recommended where the reader can discover all about Lithium and Coltan in Cote D’Ivoire.

 

However, we’re more interested in their share price as it looks like it’s being primed for some positive movement, gapped up substantially at the market open on 2nd November. Our inclination is to treat the immediate near term target of 13.5p as a trigger level.

Above 13.5p calculates with the potential of a lift to 15.8p next with secondary, if exceeded, calculating at 20.5p. Visually, it certainly looks like our initial target of 15.8p should provoke some sort of hesitation, given this ambition marginally exceeds the opening price in November last year. At present, the highest we dare project into the future is 20.5p but should such a hope come to fruition, we shall certainly revisit the numbers and calculate things again.

The share price requires below 8.5p to indulge panic but, given the strength of the opening price manipulation on the 2nd Nov, it appears the market may have strong plans for the future.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:38:08PM	BRENT	95.42									‘cess
9:40:20PM	GOLD	1635.71	1634	1631	1618	1642	1649	1652	1658	1639
9:44:38PM	FTSE	7110.5									‘cess
9:48:09PM	STOX50	3585.8									Success
9:50:31PM	GERMANY	13160									Shambles
9:52:55PM	US500	3761.77	3750	3726	3669	3785	3819	3845	3877	3772	Success
10:30:11PM	DOW	32137									Success
10:32:36PM	NASDAQ	10892.47
10:35:01PM	JAPAN	27287									Shambles

 

2/11/2022 FTSE Closed at 7144 points. Change of -0.58%. Total value traded through LSE was: £ 4,796,024,351 a change of -6.77%

1/11/2022 FTSE Closed at 7186 points. Change of 1.3%. Total value traded through LSE was: £ 5,144,430,090 a change of -18.4%

31/10/2022 FTSE Closed at 7094 points. Change of 0.67%. Total value traded through LSE was: £ 6,304,594,565 a change of 56.13%

28/10/2022 FTSE Closed at 7047 points. Change of -0.37%. Total value traded through LSE was: £ 4,038,109,035 a change of -18.02%

27/10/2022 FTSE Closed at 7073 points. Change of 0.24%. Total value traded through LSE was: £ 4,925,692,743 a change of -22.87%

26/10/2022 FTSE Closed at 7056 points. Change of 0.61%. Total value traded through LSE was: £ 6,386,400,567 a change of 43.51%

25/10/2022 FTSE Closed at 7013 points. Change of 0%. Total value traded through LSE was: £ 4,450,107,561 a change of -2.44%

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:AFC AFC Energy** **LSE:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:GLEN Glencore Xstra** **LSE:HUR Hurrican Energy** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : AFC Energy, Applied Graphene, Aston Martin, Glencore Xstra, Hurrican Energy, Zoo Digital,

LSE:AFC AFC Energy Close Mid-Price: 21.32 Percentage Change: -6.74% Day High: 23.62 Day Low: 21.52

In the event of AFC Energy enjoying further trades beyond 23.7, the share ……..

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LSE:AGM Applied Graphene Close Mid-Price: 12.5 Percentage Change: -10.71% Day High: 14.68 Day Low: 12.5

The share requires to trade ABOVE 17 to give an initial 22 with secondary, ……..

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LSE:AML Aston Martin Close Mid-Price: 89.58 Percentage Change: -15.25% Day High: 99.98 Day Low: 87.5

Below 86 now looks capable of a visit to 78 next with secondary, if broken ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 514.1 Percentage Change: -1.85% Day High: 532.5 Day Low: 512.9

Further movement against Glencore Xstra ABOVE 532.5 should improve accele ……..

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LSE:HUR Hurrican Energy. Close Mid-Price: 7.6 Percentage Change: + 11.76% Day High: 8.5 Day Low: 7.51

Now above 8.5 should aim at an initial 9.5 with secondary, if exceeded, co ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 177 Percentage Change: + 1.43% Day High: 177 Day Low: 174.5

All Zoo Digital needs are mid-price trades ABOVE 177 to improve accelerat ……..

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