Author: T&T Staff

#Brent #Dax

It’s funny how the Liz Truss UK Government has moved into familiar territory, the closing days of an administration, after just a few weeks. Perhaps it’s because, thanks to Boris Johnston, the media are now experienced in recognising terminal decay. Importantly though, we suspect there’s a chance, despite Prime Minister Truss oozing “charisma”, the media may be wrong.

What’s happening in the UK appears to be happening everywhere, chaotic governance, a backdrop of supply chain issues, inflation, interest rates, public unrest and dissatisfaction, energy issues, and winter sneaking in. When we glance at share prices in the northern hemisphere, it’s increasingly rare to discover any which suggest optimism, most tending to echo the prevailing sentiments not only in the wider market but, gloom extending across normal day to day life. It’s almost as if we’re living though a J K Rowling Harry Potter book, the one where “The Dementors” got loose, provoking serious alarm in Downing St, and the dodgiest special effect used in any of the films, when the wizards flew their broomsticks above the Thames into London.

 

Virtually every stock market north of the equator has now broken its personal uptrend, since the pandemic lows of 2020 and visually, there’s very little to be optimistic about. Curiously though, south of the equator, the picture is less gloomy, Brazil looking surprisingly confident and even Australia failing to embrace the misery fully. Perhaps it’s indeed season related as, further north, Japan is sitting on the fence and fails to give a clue as to possible market direction. For Europe and North America, we lack confidence. Except perhaps for Bitcoin, now showing signs of deserving a Big Picture update as the potential of a drop to $12k is receding!

 

Barclays share price shares the wider market outlook. Presently trading around 142p, the share price needs CLOSE a session above 151p to negate our dire outlook. Even if the share traded above 151p, we’d start to lose confidence in our foul projections.

Now below 140p threatens ongoing reversal to an initial 128p with secondary, if broken, an eventual (hopeful) bottom of 98p.

Our converse scenario has produced a strange series of numbers involving a game with just 10p. Above 151p should now apparently trigger recovery to an initial 161p. Our ‘longer term’ secondary works out at 171p, allegedly as part of a path which eventually calculates with 201p. Quite why everything works out in 10p increments utterly defeats us but in this instance, we’re more than a little sceptical about 201p making an appearance without the benefit of game changing news. Maybe if the UK discovered a Prime Minister capable of making a decision and sticking to it!

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
6:18:43PM	BRENT	90.67	90.52	89.38	87.74	91.45	93.41	94.09	95.28	91.76	Shambles
6:20:22PM	GOLD	1644.19
6:23:43PM	FTSE	6826.93									‘cess
6:26:02PM	STOX50	3359.5									Success
6:28:14PM	GERMANY	12351	12342	12217	12062	12477	12512	12564	12755	12378	‘cess
7:07:45PM	US500	3587.07									‘cess
7:16:37PM	DOW	29677.7									Shambles
7:47:07PM	NASDAQ	10701									‘cess
7:49:37PM	JAPAN	26574									Success

 

14/10/2022 FTSE Closed at 6858 points. Change of 0.12%. Total value traded through LSE was: £ 5,964,231,785 a change of 0.52%

13/10/2022 FTSE Closed at 6850 points. Change of 0.35%. Total value traded through LSE was: £ 5,933,139,923 a change of 16.34%

12/10/2022 FTSE Closed at 6826 points. Change of -0.86%. Total value traded through LSE was: £ 5,099,638,855 a change of -0.72%

11/10/2022 FTSE Closed at 6885 points. Change of -1.06%. Total value traded through LSE was: £ 5,136,859,995 a change of 18.36%

10/10/2022 FTSE Closed at 6959 points. Change of -0.46%. Total value traded through LSE was: £ 4,340,006,444 a change of -6.55%

7/10/2022 FTSE Closed at 6991 points. Change of -0.09%. Total value traded through LSE was: £ 4,644,361,624 a change of -27.89%

6/10/2022 FTSE Closed at 6997 points. Change of -0.78%. Total value traded through LSE was: £ 6,440,759,247 a change of 17.34%

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:BDEV Barrett Devs** **LSE:EMG MAN** **LSE:IGAS Igas Energy** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **

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Updated charts published on : Barrett Devs, MAN, Igas Energy, Natwest, Ocado Plc,

LSE:BDEV Barrett Devs. Close Mid-Price: 347 Percentage Change: + 1.52% Day High: 356 Day Low: 345.3

Further movement against Barrett Devs ABOVE 356 should improve accelerati ……..

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LSE:EMG MAN Close Mid-Price: 213.9 Percentage Change: -1.66% Day High: 223.3 Day Low: 212.5

All MAN needs are mid-price trades ABOVE 223.3 to improve acceleration to ……..

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LSE:IGAS Igas Energy Close Mid-Price: 43 Percentage Change: -8.51% Day High: 51.4 Day Low: 42

Weakness on Igas Energy below 42 will invariably lead to 39 and hopefully ……..

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LSE:NWG Natwest Close Mid-Price: 228 Percentage Change: -0.31% Day High: 238.8 Day Low: 227.2

All Natwest needs are mid-price trades ABOVE 238.8 to improve acceleratio ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 456.8 Percentage Change: + 4.82% Day High: 488 Day Low: 439

Target met. Further movement against Ocado Plc ABOVE 488 should improve a ……..

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

FTSE for FRIDAY (FTSE:UKX)  When I look to my right, on the bookshelf there’s a series of titles called “How S**t Works”, bought from a charity shop for a fiver. Alas, nowhere in the books is there a section on the UK FTSE which is a pity, because it urgently needs a repairman to visit! Thursday proved a strange day, worldwide, but of all the markets we cover, only the FTSE made our jaw drop.
By any standards, Thursday was weird with 5 of the 6 index we cover for clients hitting targets, all targets. Firstly, they started the day by successfully hitting all our Short position targets, then bounced and triggered movements to our Long position targets. Once again, all targets were successfully achieved. Except for the UK index which pouted, refusing the play the game. In fairness, this sort of thing in quite rare with individual index’ but when it occured with virtually all markets, we didn’t know what to make of things. Perhaps it shall be the case the FTSE was just “slow” and maybe Friday shall surprise everyone…
There’s very little positive to be said about the UK index and currently, we must conclude the FTSE is heading down to around 6450. But it may be about 6350 points or even 6240 points. The absurd thing, when we collate this series of numbers, we could even believe the UK index really intends an a visit to around 5200 points eventually, ‘cos it makes sense numerically. From a Big Picture perspective, the UK index needs above 7200 points to give an indication it’s climbing out of the gutter. The index is running low on nails to hammer into its coffin, closing Wednesday this week at a new “lower low”, achieving a price level not witnessed since April last year.

From a near term perspective, if the FTSE intends follow the rest of the world in making an upward lunge, above just 6902 points (it closed Thursday at 6852) should prove capable of triggering party time as a movement to 6995 calculates as possible. If exceeded, our secondary works out at an improbable looking 7035 points. If triggered, the tightest stop loss level looks like 6826 points.
Our alternate scenario looks harder to trigger, requiring the index below 6770 points to push the potential of a drop to 6721 points. If broken, our secondary calculates down at 6591 points.
A glance at the chart below reveals sometime important. Despite our positive scenario above giving a suggestion of an impressive 130 point gain, there’s very little about the visual picture which inspires confidence. Instead, the words “shuffling deckchairs on the Titanic” spring to mind as the FTSE must exceed 7100 points to give the very first indication some recovery of strength is possible. Even in Friday proves to be a happy day for the FTSE, the index needs recover quite firmly to remove the odor of dead cats around an immediate bounce.

Time Issued
Market
Price At Issue
Short Entry
Fast Exit
Slow Exit
Stop
Long Entry
Fast Exit
Slow Exit
Stop
PriorFUTURES

11:33:35PM
BRENT
93.89
91
90.47

92.34
94.1
94.33

93.3
Success
11:35:37PM
GOLD
1665.49
1661
1657

1671
1682
1687

1661
Success
11:38:15PM
FTSE
6891
6802
6769

6861
6905
6957

6853
Shambles
11:40:46PM
STOX50
3401.7
3354
3335

3378
3404
3427

3381
Success
11:44:17PM
GERMANY
12471
12350
12313

12465
12498
12554

12374
Success
11:47:13PM
US500
3671.17
3618
3609

3649
3686
3708

3635
Success
11:50:30PM
DOW
30063
29660
29514

29906
30184
30346

29920
Success
11:53:13PM
NASDAQ
11026
10841
10757

10994
11093
11196

10950
Success
11:55:58PM
JAPAN
26799
26533
26465

26713
26820
26877

26670
Success

13/10/2022 FTSE Closed at 6850 points. Change of 0.35%. Total value traded through LSE was: £ 5,933,139,923 a change of 16.34%

12/10/2022 FTSE Closed at 6826 points. Change of -0.86%. Total value traded through LSE was: £ 5,099,638,855 a change of -0.72%

11/10/2022 FTSE Closed at 6885 points. Change of -1.06%. Total value traded through LSE was: £ 5,136,859,995 a change of 18.36%

10/10/2022 FTSE Closed at 6959 points. Change of -0.46%. Total value traded through LSE was: £ 4,340,006,444 a change of -6.55%

7/10/2022 FTSE Closed at 6991 points. Change of -0.09%. Total value traded through LSE was: £ 4,644,361,624 a change of -27.89%

6/10/2022 FTSE Closed at 6997 points. Change of -0.78%. Total value traded through LSE was: £ 6,440,759,247 a change of 17.34%

5/10/2022 FTSE Closed at 7052 points. Change of -0.48%. Total value traded through LSE was: £ 5,488,765,319 a change of -9.96%

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:AML Aston Martin** **LSE:ASC Asos** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CEY Centamin** **LSE:DARK Darktrace Plc** **LSE:EMG MAN** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:HL. Hargreaves Lansdown** **LSE:IGAS Igas Energy** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : AFC Energy, Aston Martin, Asos, Barrett Devs, British Telecom, Carclo, Centamin, Darktrace Plc, MAN, Foxtons, Fresnillo, Hargreaves Lansdown, Igas Energy, ITM Power, Intertek, Just Eat, Lloyds Grp., Marks and Spencer, National Glib, Natwest, Ocado Plc, Primary Health, Scottish Mortgage Investment Trust, Serco, Standard Chartered, Tullow, Tesco, Taylor Wimpey,

LSE:AFC AFC Energy. Close Mid-Price: 18 Percentage Change: + 1.07% Day High: 18.32 Day Low: 17.06

Weakness on AFC Energy below 17. will invariably lead to 16.5 with seconda ……..
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LSE:AML Aston Martin. Close Mid-Price: 91.36 Percentage Change: + 1.02% Day High: 94.86 Day Low: 86.04

Continued weakness against AML taking the price below 86 calculates as lea ……..
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LSE:ASC Asos. Close Mid-Price: 542 Percentage Change: + 6.59% Day High: 560 Day Low: 503

Continued weakness against ASC taking the price below 503 calculates as le ……..
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LSE:BDEV Barrett Devs. Close Mid-Price: 341.8 Percentage Change: + 5.04% Day High: 351.5 Day Low: 317.8

Now above 352 should apparently generate a lift to 361 next with secondary ……..
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LSE:BT.A British Telecom. Close Mid-Price: 120.8 Percentage Change: + 1.09% Day High: 123.85 Day Low: 117.05

Target Met. Now below 117 allows for reversal to 114 next with secondary, ……..
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LSE:CAR Carclo Close Mid-Price: 15.62 Percentage Change: -3.85% Day High: 16 Day Low: 15.5

Target Met. This needs above 19p to give early indications of recovery, al ……..
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LSE:CEY Centamin. Close Mid-Price: 84.86 Percentage Change: + 1.56% Day High: 87.82 Day Low: 83

Above 88 could prove interesting, giving the potential of a lift to an ini ……..
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LSE:DARK Darktrace Plc. Close Mid-Price: 297 Percentage Change: + 3.85% Day High: 299.8 Day Low: 275

Weakness on Darktrace Plc below 275 will invariably lead to 269 with secon ……..
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LSE:EMG MAN. Close Mid-Price: 217.5 Percentage Change: + 4.62% Day High: 217.9 Day Low: 202.9

Target Met. In the event MAN experiences weakness below 202, it calculates ……..
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LSE:FOXT Foxtons Close Mid-Price: 27.8 Percentage Change: -1.42% Day High: 28.95 Day Low: 27.5

In the event Foxtons experiences weakness below 27.5 it calculates with a ……..
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LSE:FRES Fresnillo Close Mid-Price: 728.2 Percentage Change: -4.08% Day High: 764.2 Day Low: 698.8

Weakness on Fresnillo below 698 will invariably lead to 655p with secondar ……..
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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 797.4 Percentage Change: + 1.24% Day High: 811.8 Day Low: 766.2

Continued weakness against HL. taking the price below 759 calculates as le ……..
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LSE:IGAS Igas Energy Close Mid-Price: 47 Percentage Change: -1.26% Day High: 48.6 Day Low: 43.3

If Igas Energy experiences continued weakness below 43, it will invariably ……..
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LSE:ITM ITM Power. Close Mid-Price: 91.1 Percentage Change: + 0.20% Day High: 94.9 Day Low: 86

In the event ITM Power experiences weakness below 86, it calculates with a ……..
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LSE:ITRK Intertek Close Mid-Price: 3621 Percentage Change: -0.41% Day High: 3624 Day Low: 3485

In the event Intertek experiences weakness below 3484, it calculates with ……..
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LSE:JET Just Eat. Close Mid-Price: 1115.6 Percentage Change: + 1.09% Day High: 1148.6 Day Low: 1054.8

Target Met. Now below 1053 now threatens 996 next with secondary, if broke ……..
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LSE:LLOY Lloyds Grp.. Close Mid-Price: 41.77 Percentage Change: + 6.86% Day High: 41.95 Day Low: 38.51

Continued weakness against LLOY taking the price below 38.5 calculates as ……..
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LSE:MKS Marks and Spencer. Close Mid-Price: 98.44 Percentage Change: + 5.62% Day High: 100 Day Low: 91.7

In the event Marks and Spencer experiences weakness below 91.7 it calculat ……..
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LSE:NG. National Glib. Close Mid-Price: 860.6 Percentage Change: + 0.26% Day High: 879.8 Day Low: 844.4

Target Met. If National Grid experiences continued weakness below 844, it ……..
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LSE:NWG Natwest. Close Mid-Price: 228.7 Percentage Change: + 7.67% Day High: 230.3 Day Low: 210.9

Weakness on Natwest below 210 will invariably lead to 198 with secondary ( ……..
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LSE:OCDO Ocado Plc. Close Mid-Price: 435.8 Percentage Change: + 10.86% Day High: 440.8 Day Low: 380.3

Continued weakness against OCDO taking the price below 380 calculates as l ……..
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LSE:PHP Primary Health. Close Mid-Price: 98.85 Percentage Change: + 0.15% Day High: 102.1 Day Low: 95.75

If Primary Health experiences continued weakness below 95, it will invaria ……..
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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 729.6 Percentage Change: -0.44% Day High: 740.2 Day Low: 698.4

In the event Scottish Mortgage Investment Trust experiences weakness below ……..
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LSE:SRP Serco. Close Mid-Price: 153.4 Percentage Change: + 2.54% Day High: 154.2 Day Low: 148.9

Weakness on Serco below 148 will invariably lead to 139 with secondary, if ……..
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LSE:STAN Standard Chartered. Close Mid-Price: 551.4 Percentage Change: + 2.38% Day High: 552.8 Day Low: 530.6

Continued weakness against STAN taking the price below 530 calculates as l ……..
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LSE:TLW Tullow. Close Mid-Price: 38.66 Percentage Change: + 0.73% Day High: 39.22 Day Low: 37.1

In the event Tullow experiences weakness below 37.1 it calculates with a d ……..
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LSE:TSCO Tesco. Close Mid-Price: 200.9 Percentage Change: + 0.88% Day High: 203.2 Day Low: 194.35

In the event Tesco experiences weakness below 194, it calculates with a dr ……..
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LSE:TW. Taylor Wimpey. Close Mid-Price: 86.6 Percentage Change: + 0.23% Day High: 89.18 Day Low: 80.8

Continued weakness against TW. taking the price below 80 calculates as lea ……..
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*** End of “Updated Today” comments on shares.

#Gold #Nasdaq

Finally getting around to searching for the origins of the word “Pendragon”, we were amused to discover it’s Welsh roots, meaning “Head Dragon”. Without a doubt, this particular dragon has been biting shareholders on the posterior since 2016 but now, it finally looks like the stock market may be applying a healing salve.

Perhaps this potential for recovery is at a terrible time, given the underlying feel of the markets and, in addition, the car market must surely suffer from increased interest rates, along with increased energy prices. It’s certainly easy to suspect the impetus toward Electric Vehicles shall falter, given What Car magazine’s recent real world tests which revealed it now costs more to charge batteries than to top up with petrol. A family member recently moaned about this, her irritation growing as falling temperatures here in Scotland are seeing her battery range drop from 240 miles to around 150 miles in her Renault Zoe. This sort of thing must surely effect the car buying market as folk tend lose interest in going Green, when their credit card statement is getting a hammering.

 

However, for now, Pendragon look capable of taking wing and heading upward as recent share price movements are proving completely at odds with the majority of shares in the UK stock markets. The share price was recently manipulated upward, thanks to an unsolicited offer for takeover of the entire company. As a result of this approach, a little war of words appears to be taking place between Hedin Mobility and Pendragon and a glance through the appropriate RNS’s failed to provide any great clarity as to what is actually happening. But then again, no-one plays poker with all their cards face up as it defeats the purpose!

The immediate situation looks pretty straightforward as strength above 28p looks capable of movement to an initial 29.7p. If bettered, our secondary works out at 33p, an interesting prospect, as this dumps the share price in a zone where a longer term 43p calculates as possible. Who knows, perhaps a bidding war is expected for the motor trade giant?

 

To cause panic, their share price needs drop below Red (18p), working out with the potential of reversal to 11p initially. Should such a level break, our secondary and “ultimate bottom” comes along at 8p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:18:15PM	BRENT	91.7									Success
9:19:59PM	GOLD	1674.63	1661	1657	1650	1672	1679	1682	1689	1669
9:36:17PM	FTSE	6821.48									‘cess
9:37:59PM	STOX50	3330.7									Shambles
9:45:15PM	GERMANY	12174.56
9:48:18PM	US500	3581
9:50:36PM	DOW	29257
9:53:29PM	NASDAQ	10796	10717	10665	10580	10845	10924	10959	11042	10828
9:55:46PM	JAPAN	26359

 

12/10/2022 FTSE Closed at 6826 points. Change of -0.86%. Total value traded through LSE was: £ 5,099,638,855 a change of -0.72%

11/10/2022 FTSE Closed at 6885 points. Change of -1.06%. Total value traded through LSE was: £ 5,136,859,995 a change of 18.36%

10/10/2022 FTSE Closed at 6959 points. Change of -0.46%. Total value traded through LSE was: £ 4,340,006,444 a change of -6.55%

7/10/2022 FTSE Closed at 6991 points. Change of -0.09%. Total value traded through LSE was: £ 4,644,361,624 a change of -27.89%

6/10/2022 FTSE Closed at 6997 points. Change of -0.78%. Total value traded through LSE was: £ 6,440,759,247 a change of 17.34%

5/10/2022 FTSE Closed at 7052 points. Change of -0.48%. Total value traded through LSE was: £ 5,488,765,319 a change of -9.96%

4/10/2022 FTSE Closed at 7086 points. Change of 2.58%. Total value traded through LSE was: £ 6,096,244,319 a change of 12.65%

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:BDEV Barrett Devs** **LSE:BLOE Block Energy PLC** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:DARK Darktrace Plc** **LSE:EMG MAN** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:HSBA HSBC** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **LSE:VOD Vodafone** **

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Updated charts published on : Aston Martin, Asos, Aviva, Barclays, Barrett Devs, Block Energy PLC, British Telecom, Carclo, Darktrace Plc, MAN, Foxtons, Fresnillo, HSBC, Igas Energy, IG Group, ITM Power, Just Eat, Lloyds Grp., Marks and Spencer, National Glib, Natwest, Ocado Plc, Primary Health, Serco, Standard Chartered, Tullow, Vodafone,

LSE:AML Aston Martin Close Mid-Price: 90.44 Percentage Change: -4.13% Day High: 96.52 Day Low: 88.7

Continued weakness against AML taking the price below 88.7 calculates as ……..

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LSE:ASC Asos Close Mid-Price: 508.5 Percentage Change: -6.01% Day High: 540.5 Day Low: 504

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LSE:AV. Aviva Close Mid-Price: 373.8 Percentage Change: -2.58% Day High: 382.6 Day Low: 366.8

If Aviva experiences continued weakness below 366.8, it will invariably l ……..

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LSE:BARC Barclays Close Mid-Price: 135.68 Percentage Change: -3.20% Day High: 138.38 Day Low: 132.06

Continued weakness against BARC taking the price below 132.06 calculates ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 325.4 Percentage Change: -5.13% Day High: 330.4 Day Low: 313

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LSE:BLOE Block Energy PLC Close Mid-Price: 2.23 Percentage Change: -3.26% Day High: 2.4 Day Low: 2.23

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LSE:BT.A British Telecom Close Mid-Price: 119.5 Percentage Change: -3.47% Day High: 123.8 Day Low: 119.25

Weakness on British Telecom below 119.25 will invariably lead to 117 with ……..

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LSE:CAR Carclo Close Mid-Price: 16.25 Percentage Change: -2.69% Day High: 16.5 Day Low: 16.05

Weakness on Carclo below 16.05 will invariably lead to 15.9 with secondar ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 286 Percentage Change: -4.09% Day High: 299.1 Day Low: 284.2

Weakness on Darktrace Plc below 284.2 will invariably lead to 264 with se ……..

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LSE:EMG MAN Close Mid-Price: 207.9 Percentage Change: -4.33% Day High: 221.8 Day Low: 205.8

In the event MAN experiences weakness below 205.8 it calculates with a dr ……..

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LSE:FOXT Foxtons Close Mid-Price: 28.2 Percentage Change: -3.75% Day High: 29.3 Day Low: 28.25

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LSE:FRES Fresnillo Close Mid-Price: 759.2 Percentage Change: -0.63% Day High: 773.8 Day Low: 750.6

Weakness on Fresnillo below 750.6 will invariably lead to 655p with secon ……..

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LSE:HSBA HSBC Close Mid-Price: 449.05 Percentage Change: -1.20% Day High: 453.8 Day Low: 443.65

Target met. In the event HSBC experiences weakness below 443.65 it calcul ……..

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LSE:IGAS Igas Energy Close Mid-Price: 47.6 Percentage Change: -10.19% Day High: 52.6 Day Low: 44.7

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LSE:IGG IG Group Close Mid-Price: 750.5 Percentage Change: -1.18% Day High: 760.5 Day Low: 734

Weakness on IG Group below 734 will invariably lead to 717 with secondary ……..

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LSE:ITM ITM Power Close Mid-Price: 90.92 Percentage Change: -6.86% Day High: 98.46 Day Low: 90.9

In the event ITM Power experiences weakness below 90.9 it calculates with ……..

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LSE:JET Just Eat Close Mid-Price: 1103.6 Percentage Change: -5.51% Day High: 1184 Day Low: 1076.4

If Just Eat experiences continued weakness below 1076.4, it will invariab ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 39.09 Percentage Change: -5.80% Day High: 41 Day Low: 38.75

Target met. Continued weakness against LLOY taking the price below 38.75 ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 93.2 Percentage Change: -5.09% Day High: 97.14 Day Low: 91.94

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LSE:NG. National Glib Close Mid-Price: 858.4 Percentage Change: -2.87% Day High: 886.6 Day Low: 856.8

Target met. If National Glib experiences continued weakness below 856.8, ……..

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LSE:NWG Natwest Close Mid-Price: 212.4 Percentage Change: -4.15% Day High: 220.4 Day Low: 211.2

Weakness on Natwest below 211.2 will invariably lead to 198 with secondar ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 393.1 Percentage Change: -5.16% Day High: 409.6 Day Low: 390.4

Continued weakness against OCDO taking the price below 390.4 calculates a ……..

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LSE:PHP Primary Health Close Mid-Price: 98.7 Percentage Change: -2.28% Day High: 102.6 Day Low: 98.35

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LSE:SRP Serco Close Mid-Price: 149.6 Percentage Change: -2.35% Day High: 153.6 Day Low: 150.1

Weakness on Serco below 150.1 will invariably lead to 135 with secondary ……..

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LSE:STAN Standard Chartered Close Mid-Price: 538.6 Percentage Change: -1.64% Day High: 550.4 Day Low: 532.8

Continued weakness against STAN taking the price below 532.8 calculates a ……..

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LSE:TLW Tullow Close Mid-Price: 38.38 Percentage Change: -6.62% Day High: 41.18 Day Low: 37.76

Target met. In the event Tullow experiences weakness below 37.76 it calcu ……..

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LSE:VOD Vodafone Close Mid-Price: 98.95 Percentage Change: -2.32% Day High: 101.62 Day Low: 97.4

Continued weakness against VOD taking the price below 97. calculates as l ……..

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

#FTSE #STOX Perhaps, with this little “lesson” on charts, we shall be preaching to the choir with TUI but there’s a signal which tends be invaluable. It’s when a price achieves a degree of stability, especially in a downward cycle, this stability often ending with a “Gotcha suckers” leap off a cliff. With TUI, the leaps are proving to be careful steps down, movement from the 400p lever leading down to 300p.

Then, after a reasonable period of mourning at discovering this low, probably convincing many investors 300p was “bottom”, it again stepped down to 250p. Once sufficient numbers convinced themselves this was obviously a solid bottom, the price remorselessly stepped down to 150p. And now, it almost feels like the current price level is being “sold” to the market as a probable bottom. Obviously, as utter cynics, we’re not entirely convinced, due to the presence of a Big Picture bottoming potential now calculating at an eventual 56p.This is a price level we cannot calculate below.

 

We’re a little surprised at the lack of vibrant atmosphere around TUI. Firstly, there’s the bloke next door! As our dogs are best friends, he habitually dumps his mutt with us when he flies abroad for a quick holiday. This year, he’s managed to vanish for 6 weeks (so far), describing visits to destinations as like stepping back 30 years, without the usual tourist mobs. However, returning today from the far east, he noticed (quite miserably) passenger numbers are increasing. We noticed, (hopefully) TUI recently reported their winter bookings at 78% of pre-Covid levels. Yet their share price languishes at 12% of pre-pandemic levels!

The current picture remains dubious, movement below 100p working out with the potential of reversal to 88p next. We would hope for a bounce at such a level, especially as it looks like the last port of call before our ultimate bottom of 56p. If there’s any residual strength, 88p should be “it”, in plain English, anytime now for a bounce.

 

Our inclination is to allocate 120p as a viable trigger level, due to movement above such a point calculating with the chances of a visit to 132p next. If bettered, our secondary comes along at a potentially game changing 158 – game changing because such a travel ambition takes the price above the ruling downtrend, into a region where a 3rd level target of 184 should be viable. However, our (usual) demand remains valid, we need see the share price actually close above the Blue downtrend.

 

In summary, we suspect TUI are close to bottoming, perhaps needing fingers crossed before daring to become involved.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:54:01PM	BRENT	92.91									Success
9:55:51PM	GOLD	1667
9:58:52PM	FTSE	6878.98	6847	6808	6710	6912	6948	6985	7031	6888	Success
10:01:30PM	STOX50	3332.2	3307	3293	3272	3331	3356	3373	3395	3332	‘cess
10:03:59PM	GERMANY	12174									‘cess
10:06:25PM	US500	3597.37									‘cess
10:09:05PM	DOW	29278.5									‘cess
10:11:26PM	NASDAQ	10821.05									‘cess
10:13:33PM	JAPAN	26369									‘cess

11/10/2022 FTSE Closed at 6885 points. Change of -1.06%. Total value traded through LSE was: £ 5,136,859,995 a change of 18.36%

10/10/2022 FTSE Closed at 6959 points. Change of -0.46%. Total value traded through LSE was: £ 4,340,006,444 a change of -6.55%

7/10/2022 FTSE Closed at 6991 points. Change of -0.09%. Total value traded through LSE was: £ 4,644,361,624 a change of -27.89%

6/10/2022 FTSE Closed at 6997 points. Change of -0.78%. Total value traded through LSE was: £ 6,440,759,247 a change of 17.34%

5/10/2022 FTSE Closed at 7052 points. Change of -0.48%. Total value traded through LSE was: £ 5,488,765,319 a change of -9.96%

4/10/2022 FTSE Closed at 7086 points. Change of 2.58%. Total value traded through LSE was: £ 6,096,244,319 a change of 12.65%

3/10/2022 FTSE Closed at 6908 points. Change of 0.22%. Total value traded through LSE was: £ 5,411,543,289 a change of -20.03%

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:BLOE Block Energy PLC** **LSE:CCL Carnival** **LSE:FRES Fresnillo** **LSE:HSBA HSBC** **LSE:ITM ITM Power** **LSE:JET Just Eat** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:STAN Standard Chartered** **LSE:TERN Tern Plc** **

********

Updated charts published on : Avacta, Barclays, Block Energy PLC, Carnival, Fresnillo, HSBC, ITM Power, Just Eat, National Glib, Ocado Plc, Primary Health, Scottish Mortgage Investment Trust, Standard Chartered, Tern Plc,

LSE:AVCT Avacta. Close Mid-Price: 103 Percentage Change: + 5.10% Day High: 102 Day Low: 95.5

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LSE:BARC Barclays Close Mid-Price: 140.16 Percentage Change: -2.15% Day High: 142.22 Day Low: 139.56

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LSE:BLOE Block Energy PLC. Close Mid-Price: 2.3 Percentage Change: + 15.00% Day High: 2.3 Day Low: 2

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LSE:CCL Carnival. Close Mid-Price: 508.8 Percentage Change: + 1.48% Day High: 511.2 Day Low: 483.2

Continued weakness against CCL taking the price below 483 calculates as le ……..

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LSE:FRES Fresnillo Close Mid-Price: 764 Percentage Change: -1.16% Day High: 776.2 Day Low: 756.4

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LSE:HSBA HSBC Close Mid-Price: 454.5 Percentage Change: -1.78% Day High: 462.15 Day Low: 452.85

Continued weakness against HSBA taking the price below 452 calculates as l ……..

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LSE:ITM ITM Power. Close Mid-Price: 97.62 Percentage Change: + 0.58% Day High: 99.88 Day Low: 95.12

Continued weakness against ITM taking the price below 95 calculates as lea ……..

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LSE:JET Just Eat Close Mid-Price: 1168 Percentage Change: -3.38% Day High: 1206.6 Day Low: 1136.8

Target Met. On deliveries below 1136 now point at 1053 next, hopefully wit ……..

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LSE:NG. National Glib Close Mid-Price: 883.8 Percentage Change: -1.89% Day High: 902.6 Day Low: 879.4

Target Met. Weakness now below 879 shows with quite a strong bounce potent ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 414.5 Percentage Change: -5.32% Day High: 442.9 Day Low: 415

Target Met. This is not having a fun time as weakness below 414 now calcul ……..

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LSE:PHP Primary Health Close Mid-Price: 101 Percentage Change: -2.32% Day High: 106 Day Low: 100.3

Target Met. Now looking grim, trouble below 100p risks a visit to 91 next ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 738 Percentage Change: -0.86% Day High: 747.2 Day Low: 721

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LSE:STAN Standard Chartered Close Mid-Price: 547.6 Percentage Change: -3.90% Day High: 568.4 Day Low: 543.6

Weakness on Standard Chartered below 543 will invariably lead to 511 with ……..

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LSE:TERN Tern Plc Close Mid-Price: 7.1 Percentage Change: -2.07% Day High: 7.25 Day Low: 6.75

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

#Gold #SP500

It’s easy to imagine IAG.L (Previously British Airways) proves unpopular, due to their enormous name which is thankfully used for corporate ego and little else. Perhaps this is the reason their airlines retain the original branding, few aircraft being of sufficient length to paint the full company name!

IAG share price has experienced a pretty tough time during the last few years, even managing to match the pandemic lows of 2020 with their recent trip down to 93p. When we review things from a Big Picture perspective, there is a reasonable chance this share price should actually bounce from the 93p as the potential consequences of a fall below such a price are more dangerous than a speech by Truss, the UK PM. Already, it appears the recent visit to 93p was inspired by actions of the current UK government.

To deal with the bad scenario first, our calculations now show weakness below 93p as capable of triggering reversal to 81p and hopefully a proper bounce. We can calculate a secondary, should 79p break, and it’s an eventual bottom at a silly looking 51p, a price level rarer than a smile from British Airways cabin crew on a long haul flight.

 

However, price movements since the visit to 93p offer faint encouragement, thanks to some half hearted attempts to break the Blue downtrend which dates back to a few weeks before the pandemic hit the fan in 2020. The immediate situation suggests “strength” above 103p (currently trading around 101p) should make an attempt at an initial 113p next. If bettered, our secondary calculates at 126p, this representing a fascinating price level for the longer term.

In the longer term, closure above 126p apparently should prove significant, taking the share to a flight level where ongoing rises suggest a future 156p is possible with secondary, if bettered, at 208p. Usually we eschew such Big Picture thoughts but in this instance, the visuals against each target make a lot of sense, each ambition effectively challenging historical “glass ceiling” levels on the chart. It’s easy to already imagine a future 208p shall become crucial, giving the share an opportunity to make a game changing movement and lose its current “budget share price airline” status.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:28:52PM	BRENT	95.32
10:32:01PM	GOLD	1668.92	1665	1659	1647	1679	1690	1693	1703	1680	Success
10:33:47PM	FTSE	6967.58									‘cess
10:35:44PM	STOX50	3367.3									‘cess
10:39:35PM	GERMANY	12317									‘cess
10:41:42PM	US500	3615.42	3599	3583	3559	3655	3655	3667	3694	3613
10:43:36PM	DOW	29224
10:45:51PM	NASDAQ	10935									‘cess
10:52:12PM	JAPAN	26650									‘cess

10/10/2022 FTSE Closed at 6959 points. Change of -0.46%. Total value traded through LSE was: £ 4,340,006,444 a change of -6.55%

7/10/2022 FTSE Closed at 6991 points. Change of -0.09%. Total value traded through LSE was: £ 4,644,361,624 a change of -27.89%

6/10/2022 FTSE Closed at 6997 points. Change of -0.78%. Total value traded through LSE was: £ 6,440,759,247 a change of 17.34%

5/10/2022 FTSE Closed at 7052 points. Change of -0.48%. Total value traded through LSE was: £ 5,488,765,319 a change of -9.96%

4/10/2022 FTSE Closed at 7086 points. Change of 2.58%. Total value traded through LSE was: £ 6,096,244,319 a change of 12.65%

3/10/2022 FTSE Closed at 6908 points. Change of 0.22%. Total value traded through LSE was: £ 5,411,543,289 a change of -20.03%

30/09/2022 FTSE Closed at 6893 points. Change of 0.17%. Total value traded through LSE was: £ 6,766,933,974 a change of -4.67%

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:CCL Carnival** **LSE:FRES Fresnillo** **LSE:ITM ITM Power** **LSE:JET Just Eat** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:TERN Tern Plc** **

********

Updated charts published on : Aston Martin, Asos, Carnival, Fresnillo, ITM Power, Just Eat, National Glib, Ocado Plc, Primary Health, Tern Plc,

LSE:AML Aston Martin Close Mid-Price: 90.12 Percentage Change: -6.38% Day High: 99.5 Day Low: 89.34

Target met. Weakness on Aston Martin below 89.34 will invariably lead to ……..

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LSE:ASC Asos. Close Mid-Price: 535.5 Percentage Change: + 0.66% Day High: 545 Day Low: 516.5

Target met. If Asos experiences continued weakness below 516.5, it will i ……..

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LSE:CCL Carnival Close Mid-Price: 501.4 Percentage Change: -4.68% Day High: 536.2 Day Low: 498.9

Continued weakness against CCL taking the price below 498.9 calculates as ……..

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LSE:FRES Fresnillo Close Mid-Price: 773 Percentage Change: -1.85% Day High: 789 Day Low: 761

If Fresnillo experiences continued weakness below 761, it will invariably ……..

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LSE:ITM ITM Power Close Mid-Price: 97.06 Percentage Change: -4.42% Day High: 101.35 Day Low: 96.66

Continued weakness against ITM taking the price below 96.66 calculates as ……..

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LSE:JET Just Eat Close Mid-Price: 1208.8 Percentage Change: -3.51% Day High: 1247.6 Day Low: 1196.4

Continued weakness against JET taking the price below 1196.4 calculates a ……..

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LSE:NG. National Glib Close Mid-Price: 900.8 Percentage Change: -0.79% Day High: 904.8 Day Low: 893

Continued weakness against NG. taking the price below 893 calculates as l ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 437.8 Percentage Change: + 1.32% Day High: 447.8 Day Low: 425

If Ocado Plc experiences continued weakness below 425, it will invariably ……..

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LSE:PHP Primary Health Close Mid-Price: 103.4 Percentage Change: -2.27% Day High: 105.2 Day Low: 103.1

Weakness on Primary Health below 103.1 will invariably lead to 101 with s ……..

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LSE:TERN Tern Plc Close Mid-Price: 7.25 Percentage Change: -2.68% Day High: 7.45 Day Low: 7.15

Continued weakness against TERN taking the price below 7.15 calculates as ……..

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

#Brent #Dax

Few things pictorially describe our newest UK Prime Minister, along with her Chancellor, first few weeks in office better than a glance at any banking sector share. We often joke about politicians and their efforts to damage the country but, in this instance, it actually appears to be true. The somewhat indecent rush to the political trough managed to grind common sense into the mud.

Then again, the folk doing the most complaining are also those who thought Gordon Brown was something of a genius for his behaviour during the financial crisis. Those opinions now, of course, quietly forgotten. Personally, the moment he sought to declare Iceland a ‘terrorist state’ marked the point at which his judgement during the crisis needed questioned. Instead, he was feted as the only one capable of making decisions, while the rest of the world floundered, completely unable to figure out what to do when businesses went broke due to their own incompetence.

Obviously, Natwest share price remains suffering a hangover from the glory days of 2009, a period when their share price hit 9.5p. Currently trading around 230p, share splits conceal the salient fact the true price, adjusting for splits, is around 22.5p. Any conclusion of the banking sector not recovering from the 2009 shambles is correct.

 

Three weeks ago, when we reviewed Natwest, some optimism leaked into our report. Unfortunately, it appears the best efforts of the current Prime Minister successfully derailed hope for the future, parking the share in a zone where hope is suffering from its version of a supply chain crisis. The immediate situation is pretty vile as below 216p now calculates with the potential of reversal to 200p, a price level where the visuals anticipate a bounce. However, should the 200p level be broken, things risk becoming murky, thanks to the presence of our longer term secondary at 181p. At this point, there’s nothing on the chart hinting a rebound should be anticipated, making us a little nervous.

On the converse side of life, if Natwest intends discover positive action, movement above 242p should apparently prove capable of a lift to an initial 251p. Amazingly, above this level produces a truly amazing target of 294p, a price level which will demand we pick our jaw off the floor and hurriedly redo long term calculations as some “real” movement becomes possible.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
8:02:50PM	BRENT	97.77	93.45	92.34	90.44	95.62	98.1	99.025	101.38	96.62	Success
8:04:58PM	GOLD	1695.2									Success
9:07:08PM	FTSE	6981
9:38:27PM	STOX50	3366.1									Success
9:41:02PM	GERMANY	12242.62	12190	12153	12081	12284	12500	12520	12630	12360	Success
9:43:56PM	US500	3639									Success
9:47:04PM	DOW	29305									Success
10:01:11PM	NASDAQ	11043									Success
10:08:24PM	JAPAN	26698									Success

7/10/2022 FTSE Closed at 6991 points. Change of -0.09%. Total value traded through LSE was: £ 4,644,361,624 a change of -27.89%

6/10/2022 FTSE Closed at 6997 points. Change of -0.78%. Total value traded through LSE was: £ 6,440,759,247 a change of 17.34%

5/10/2022 FTSE Closed at 7052 points. Change of -0.48%. Total value traded through LSE was: £ 5,488,765,319 a change of -9.96%

4/10/2022 FTSE Closed at 7086 points. Change of 2.58%. Total value traded through LSE was: £ 6,096,244,319 a change of 12.65%

3/10/2022 FTSE Closed at 6908 points. Change of 0.22%. Total value traded through LSE was: £ 5,411,543,289 a change of -20.03%

30/09/2022 FTSE Closed at 6893 points. Change of 0.17%. Total value traded through LSE was: £ 6,766,933,974 a change of -4.67%

29/09/2022 FTSE Closed at 6881 points. Change of -1.77%. Total value traded through LSE was: £ 7,098,757,750 a change of -12.95%

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:BP. BP PLC** **LSE:ECO ECO (Atlantic) O & G** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:SBRY Sainsbury** **

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Updated charts published on : Aston Martin, Asos, BP PLC, ECO (Atlantic) O & G, Just Eat, Marks and Spencer, National Glib, Ocado Plc, Sainsbury,

LSE:AML Aston Martin Close Mid-Price: 96.26 Percentage Change: -5.44% Day High: 104 Day Low: 95.44

Target met. In the event Aston Martin experiences weakness below 95.44 it ……..

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LSE:ASC Asos Close Mid-Price: 532 Percentage Change: -3.54% Day High: 575.5 Day Low: 537

In the event Asos experiences weakness below 537 it calculates with a dro ……..

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LSE:BP. BP PLC. Close Mid-Price: 469.1 Percentage Change: + 1.90% Day High: 471.1 Day Low: 460.6

Further movement against BP PLC ABOVE 471.1 should improve acceleration t ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 36.5 Percentage Change: + 4.89% Day High: 36.75 Day Low: 35

Target met. Continued trades against ECO with a mid-price ABOVE 36.75 sho ……..

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LSE:JET Just Eat Close Mid-Price: 1252.8 Percentage Change: -8.82% Day High: 1354.2 Day Low: 1251.2

Weakness on Just Eat below 1251.2 will invariably lead to 1180 next with ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 93.86 Percentage Change: -2.41% Day High: 96.96 Day Low: 93.5

Continued weakness against MKS taking the price below 93.5 calculates as ……..

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LSE:NG. National Glib Close Mid-Price: 908 Percentage Change: -0.18% Day High: 923.6 Day Low: 902.2

In the event National Glib experiences weakness below 902.2 it calculates ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 432.1 Percentage Change: -5.78% Day High: 460.4 Day Low: 431.6

In the event Ocado Plc experiences weakness below 431.6 it calculates wit ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 170.15 Percentage Change: + 0.12% Day High: 172.35 Day Low: 168.7

Weakness on Sainsbury below 168.7 will invariably lead to 162 with second ……..

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

#FTSE #Gold

When examing price movements with shares, commodities, forex, crypto, index’ etc, we usually start by calling up a chart, drawing a few trend lines, then walk away for a while. Sometimes, returning to the chart will suddenly make sense, sometimes (like currently) we’re left uncomfortably clueless as to the markets intention.

The charts immediately below are a simple representation of FTSE closing prices since March 2020. While the index has clearly broken through Red, the uptrend, the price has not being describing “Lower Lows”, needing to CLOSE a session below 6797 – the most recent intraday low price – to tick the first box in an inevitable tumble to around 6,220 points eventually. Instead, the UK market is performing as if the Light Blue line represents an impenetrable barrier, below which some sort of rule will stop the market falling.

There’s a tiny little problem with this, thanks to the break of Red. Thanks to politics in the UK, the market has already illustrated the pandemic uptrend can fail and appears to be awaiting the next economic gaff from the PM or Chancellor as the FTSE hasn’t made any real effort to clamber above 7200 points, hopefully eradicating the reversal potentials. Instead, with a couple of weeks of fits and starts, London appears to be treading water, doubtless with an expectation British politicians will give in to temptation and continue their efforts to erode confidence in the economy. Additionally, we remain curious at the virtual political & media blackout regarding the price of crude oil, no-one questioning why fuel prices remain high despite the cost of Crude retreating below the level, pre-Ukraine!

Our suspicion is the FTSE shall discover a path down to 6220 points eventually. It just needs the right excuse…

FTSE for FRIDAY From a near term perspective, we strongly suspect the FTSE requires exceed 7,120 points to trigger some “proper” gains, allowing rather tame movement to an initial 7,138 points with secondary, if bettered, a more impressive 7,230 points. Obviously, such movement has the potential of affording the chance for the FTSE to close a session in “safe” territory, effectively undoing the numeric damage from the trend break. If this upward break triggers, the tightest stop is painfully wide around 7,050 points.

However, we’d be remiss if we ignored market behaviour on Thursday 6th October. Ongoing traffic below 6,960 points calculates with the potential of reversal to an initial 6,920 points with secondary, if broken, at 6,862 points. Neither reversal ambition is sufficient to trigger anything from a Big Picture perspective and thus, for this reason alone, they’re probably the ideal series of movements for the FTSE in the absence of negative news.

Of course, it’s also the first Friday of October and this means US Payrolls day!

 

Have a good weekend.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:37:46PM	BRENT	94.48	92.28	91.37		93.47	94.58	94.86		93
9:39:14PM	GOLD	1713.3	1706	1699		1715	1722	1728		1709
9:41:07PM	FTSE	6980.09	6959	6918		7011	7024	7034		6997	‘cess
9:43:00PM	STOX50	3420	3414	3396		3444	3458	3471		3427	Shambles
9:44:50PM	GERMANY	12434	12412	12326		12534	12556	12600		12444
9:47:33PM	US500	3739	3733	3696		3764	3781	3801		3743
9:49:27PM	DOW	29924	29840	29773		30060	30424	30575		30226
9:51:34PM	NASDAQ	11452	11446	11379		11530	11608	11648		11524
9:57:24PM	JAPAN	27002	26981	26892		27093	27216	27290		27060	Success

 

6/10/2022 FTSE Closed at 6997 points. Change of -0.78%. Total value traded through LSE was: £ 6,440,759,247 a change of 17.34%

5/10/2022 FTSE Closed at 7052 points. Change of -0.48%. Total value traded through LSE was: £ 5,488,765,319 a change of -9.96%

4/10/2022 FTSE Closed at 7086 points. Change of 2.58%. Total value traded through LSE was: £ 6,096,244,319 a change of 12.65%

3/10/2022 FTSE Closed at 6908 points. Change of 0.22%. Total value traded through LSE was: £ 5,411,543,289 a change of -20.03%

30/09/2022 FTSE Closed at 6893 points. Change of 0.17%. Total value traded through LSE was: £ 6,766,933,974 a change of -4.67%

29/09/2022 FTSE Closed at 6881 points. Change of -1.77%. Total value traded through LSE was: £ 7,098,757,750 a change of -12.95%

28/09/2022 FTSE Closed at 7005 points. Change of 0.3%. Total value traded through LSE was: £ 8,154,391,132 a change of 17.78%

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:AGM Applied Graphene** **LSE:CNA Centrica** **LSE:IGG IG Group** **LSE:NG. National Glib** **LSE:SBRY Sainsbury** **LSE:TERN Tern Plc** **

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Updated charts published on : Applied Graphene, Centrica, IG Group, National Glib, Sainsbury, Tern Plc,

LSE:AGM Applied Graphene Close Mid-Price: 12.5 Percentage Change: -3.85% Day High: 13 Day Low: 12.5

Continued weakness against AGM taking the price below 12.5 calculates as ……..

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LSE:CNA Centrica Close Mid-Price: 68.44 Percentage Change: -4.44% Day High: 71.28 Day Low: 67.88

Weakness on Centrica below 67.88 will invariably lead to 60 with secondar ……..

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LSE:IGG IG Group. Close Mid-Price: 784.5 Percentage Change: + 0.45% Day High: 788.5 Day Low: 780

All IG Group needs are mid-price trades ABOVE 788.5 to improve accelerati ……..

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LSE:NG. National Glib Close Mid-Price: 909.6 Percentage Change: -1.64% Day High: 927.6 Day Low: 905.8

Weakness on National Glib below 905.8 will invariably lead to 889 with se ……..

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LSE:SBRY Sainsbury Close Mid-Price: 169.95 Percentage Change: -1.31% Day High: 174.9 Day Low: 169.8

Target met. Continued weakness against SBRY taking the price below 169.8 ……..

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LSE:TERN Tern Plc Close Mid-Price: 7.25 Percentage Change: -12.12% Day High: 7.6 Day Low: 7.25

Target met. If Tern Plc experiences continued weakness below 7.25, it wil ……..

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