Author: T&T Staff

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

 

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

Who knows?

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

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

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

FUTURES

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

 

8/06/2023 FTSE Closed at 7599 points. Change of -0.33%. Total value traded through LSE was: £ 5,104,102,479 a change of 3.08%

7/06/2023 FTSE Closed at 7624 points. Change of -0.05%. Total value traded through LSE was: £ 4,951,636,659 a change of 0.85%

6/06/2023 FTSE Closed at 7628 points. Change of 0.38%. Total value traded through LSE was: £ 4,909,723,355 a change of 21.93%

5/06/2023 FTSE Closed at 7599 points. Change of -0.11%. Total value traded through LSE was: £ 4,026,661,677 a change of -31.04%

2/06/2023 FTSE Closed at 7607 points. Change of 1.56%. Total value traded through LSE was: £ 5,839,256,981 a change of 14.36%

1/06/2023 FTSE Closed at 7490 points. Change of 0.59%. Total value traded through LSE was: £ 5,105,968,663 a change of -64.14%

31/05/2023 FTSE Closed at 7446 points. Change of -100%. Total value traded through LSE was: £ 14,237,190,282 a change of 0%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:DGE Diageo** **LSE:FGP Firstgroup** **LSE:HL. Hargreaves Lansdown** **LSE:IPF International Personal Finance** **LSE:JET Just Eat** **LSE:QED Quadrise** **LSE:VOD Vodafone** **

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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View Previous Vodafone & Big Picture ***

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

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

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

 

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

 

 

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

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

 

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

 

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

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

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

 

FUTURES

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

 

7/06/2023 FTSE Closed at 7624 points. Change of -0.05%. Total value traded through LSE was: £ 4,951,636,659 a change of 0.85%

6/06/2023 FTSE Closed at 7628 points. Change of 0.38%. Total value traded through LSE was: £ 4,909,723,355 a change of 21.93%

5/06/2023 FTSE Closed at 7599 points. Change of -0.11%. Total value traded through LSE was: £ 4,026,661,677 a change of -31.04%

2/06/2023 FTSE Closed at 7607 points. Change of 1.56%. Total value traded through LSE was: £ 5,839,256,981 a change of 14.36%

1/06/2023 FTSE Closed at 7490 points. Change of 0.59%. Total value traded through LSE was: £ 5,105,968,663 a change of -64.14%

31/05/2023 FTSE Closed at 7446 points. Change of -1.01%. Total value traded through LSE was: £ 14,237,190,282 a change of 154.29%

30/05/2023 FTSE Closed at 7522 points. Change of -100%. Total value traded through LSE was: £ 5,598,786,913 a change of 0%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:BT.A British Telecom** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:QED Quadrise** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SRP Serco** **

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

#FTSE #Stoxx50  Loyalty is a funny old thing. There’s a writer, Jules Verne,  who knocked together ‘20,000 Leagues Under the Sea’ in 1870, a truly enjoyable read along with some quite clever political commentary of the age. His equally famous ‘Journey to the Centre of the Earth’, produced in 1864 wasn’t in the same class but still a fun read. Somehow,  his ‘From the Earth to the Moon’ had been missed, the title never appealing but coming across the original translation in a tabletop sale in our village hall made it an opportunity too good to miss.

Somehow, it quickly rose to equal the status of a Woody Allen film, my eyeballs begging for the chore to hurry up and end, as it felt clear the translator was paid by the word. Additionally, Verne was doubtless embracing the concept of pumping something out to keep money flowing in. Parts of the book were fun, especially the “regard” with which the author holds England as he rarely missed an opportunity to exhibit contempt for Westminster, but when the reader just wants a book to end, it’s clear something has gone wrong.

 

The important thing about the book was the opportunity to finish it, while attending a garden party on Tuesday afternoon. My wife’s company somehow felt inspired to hold a surprise “do”, taking advantage of the unusual Scottish weather (hot and not raining) and conceding no-one really wanted to do any work anyway. They decided on a Caribbean theme, opting to really spice things up with a classical recital by a group of stringed instrument players. Thankfully, I’d spotted the impending audio hell and retrieved my book from the car, making myself quietly comfortable at the back of the marquee, safe in the knowledge it’d be assumed I was working on something important as everyone knows that’s all market nerds do!

With amazing synergy, the classical noise ended moments after I closed the book, and it was time for food.

 

Life has really returned to normal, or what passes for normal here in Argyll. Perhaps similar is occurring with the price of Crude oil.

 

 

When we reviewed Brent back in March, we’d proposed a scenario which allowed for reversal to the 70 dollar level.  Before the month was complete, the price indeed his 70 dollars and bounced half heartedly. The market decided the bounce wasn’t sufficient, opting to gap (manipulate – circled) the price of crude oil above the immediate Red uptrend, returning to a zone where once again corporate and government avarice can take over as there would be the potential of a return above $100.

The attempt at forcing the price heavenward failed, Brent once again dropping below the immediate uptrend and hitting the 70 dollar level repeatedly. We are not convinced the $70 glass floor shall last as there are continued arguments anticipating shuffles down to the upper 50 dollar level, a price range which felt almost “natural” in the period from late 2015 onwards, the fake rise erroneously blamed on Russia & Ukraine starting to feel like an aberration.

 

Now below 70 dollars should trigger reversal to an initial $60 with secondary, if broken, down at $56 and a probable rebound. We can introduce a third level ambition down at the $42 level, such an argument only supported by quite weak logic.

If Brent intends any serious upward price travel, our inclination is to view the Glass Ceiling at $88 as a trigger level, one which if exceeded allows for sharp price movement to the $102 level.

For now, we expect oil to eventually settle toward $56, doubtless causing a panic over inflation rates and inflated interest rates.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:36:38PM	BRENT	76.11									‘cess
11:39:04PM	GOLD	1963.82
11:41:15PM	FTSE	7646.34	7554	7532	7494	7595	7648	7652	7666	7625	‘cess
11:54:24PM	STOX50	4308.7	4274	4261	4245	4296	4309	4314	4328	4289
11:56:23PM	GERMANY	16031.5
11:58:10PM	US500	4287.47
12:00:20AM	DOW	33573									‘cess
12:02:22AM	NASDAQ	14562.4
12:05:34AM	JAPAN	32562									‘cess

 

6/06/2023 FTSE Closed at 7628 points. Change of 0.38%. Total value traded through LSE was: £ 4,909,723,355 a change of 21.93%

5/06/2023 FTSE Closed at 7599 points. Change of -0.11%. Total value traded through LSE was: £ 4,026,661,677 a change of -31.04%

2/06/2023 FTSE Closed at 7607 points. Change of 1.56%. Total value traded through LSE was: £ 5,839,256,981 a change of 14.36%

1/06/2023 FTSE Closed at 7490 points. Change of 0.59%. Total value traded through LSE was: £ 5,105,968,663 a change of -64.14%

31/05/2023 FTSE Closed at 7446 points. Change of -1.01%. Total value traded through LSE was: £ 14,237,190,282 a change of 154.29%

30/05/2023 FTSE Closed at 7522 points. Change of -1.38%. Total value traded through LSE was: £ 5,598,786,913 a change of 22.18%

26/05/2023 FTSE Closed at 7627 points. Change of -100%. Total value traded through LSE was: £ 4,582,588,809 a change of 0%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:CCL Carnival** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:JET Just Eat** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:PMG Parkmead** **

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Updated charts published on : AFC Energy, Carnival, Diageo, ECO (Atlantic) O & G, Just Eat, Music Magpie, Natwest, Parkmead,

LSE:AFC AFC Energy Close Mid-Price: 14.66 Percentage Change: -4.31% Day High: 15.54 Day Low: 14.5

This is not good as below 14.5 still looks like a visit to 14p next (or ju ……..

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LSE:CCL Carnival. Close Mid-Price: 890.8 Percentage Change: + 2.18% Day High: 895.6 Day Low: 854.6

Target Met. Now above 896 should make an attempt at 961 next with secondar ……..

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LSE:DGE Diageo. Close Mid-Price: 3351 Percentage Change: + 0.57% Day High: 3361 Day Low: 3306.5

Weakness on Diageo below 3306 will invariably lead to 3288 with secondary ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 17.75 Percentage Change: + 1.43% Day High: 17.75 Day Low: 17.75

Now needing above 20p to give hope, ideally triggering recovery to an init ……..

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LSE:JET Just Eat Close Mid-Price: 1168 Percentage Change: -4.03% Day High: 1194 Day Low: 1150

In the event Just Eat experiences weakness below 1150 it calculates with a ……..

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LSE:MMAG Music Magpie Close Mid-Price: 15.25 Percentage Change: -3.17% Day High: 15.75 Day Low: 14.5

Target Met. Now below 14.5 calculates with a reversal potential to 10.2p, ……..

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LSE:NWG Natwest. Close Mid-Price: 260.7 Percentage Change: + 0.85% Day High: 260.6 Day Low: 255.9

If Natwest experiences continued weakness below 255, it will invariably le ……..

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LSE:PMG Parkmead Close Mid-Price: 19.6 Percentage Change: -7.76% Day High: 21.25 Day Low: 19.5

Now below 19.5p suggests the potential of reversal next to 18.1 with secon ……..

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

(NYSE:GME) #Gold #SP500  My wife, out doing the dog walk, was hailed by another dog walker who introduced herself as “The Dead Woman”. Thankfully, each immediately fell about giggling. My habit of giving folk nicknames while remembering their dogs name made recounting stories after a walk easy as no-one really walks dogs meet people. But my wife was horrified at “The Dead Woman” moniker, demanding I ‘fess up and actually swap names with her, probably the first time in history a wife demanded her husband introduce himself to a strange woman! Thus, the lady who works for a Funeral company now has a real name. It transpires everyone does similar things, my wife known as Penny WUF due to one of our dog names and three letters from her car number plate.

 

We’re allowed to be whimsical and today, we’re taking a look at this American share, ‘cos it was nearly 500 dollars in 2021 and presents itself with the potential for a quick lesson. A shorting campaign, leading to the inevitable useless political “awkward questions” and now, it’s trading around $24 with folk mentioning it’s a bargain. As a result, there’s no shortage of folk claiming the share price is ready to skyrocket again (it isn’t) but perhaps, we may give our brief thoughts on “the trend”. (No share is ever a bargain. Sometimes, prices stop going down, when they stop trading…)

 

Firstly, there’s the drop dead obvious downtrend since January 2021, a pair of market highs giving ample excuse to paint a Blue downtrend on the chart. We use Blue for downtrends, Red for uptrends, and the reason is simple, it makes a bland chart more colourful. There is no other reason.

Having drawn a downtrend, the first question which must be asked; “Is this maybe valid?”

Thankfully, in the case of Gamestop, the market absolutely answered “Yes” with a movement in March of this year. As the chart below highlights, the share price was gapped above the Blue line, a fairly obvious motion which forecefully hints the downtrend may be over. Unfortunately, since the share price was barged above the Blue downtrend, not much has really happened and any promise of the share price shooting above $150 as mooted on some fanciful internet chatrooms remains, like a politicians conscience, empty.

Now, if we take a look at the last two months since the trend break at 19.50 US dollars, what has really happened?

From our perspective, quite a lot, and it leaves plenty of room for some optimism in the period ahead. If we choose to focus on the share Closing Prices as they appear less likely to be the victim of internet fuelled certainty. Instead, we can see the share price is currently trading at the highest levels since the trend break. Generally, this is regarded as a good thing with the next “safe” indicator supposed to be when a share price exceeds the most recent level which defined the Blue downtrend. As this is around $159, it’s sane to suggest it isn’t going to happen anytime soon. But we still like it when a price starts to achieve ‘higher highs’ once it has broken a trend.

 

For Gamestop, the immediate situation suggests movement above just $26 should now make an attempt at an initial $32 with our longer term secondary, if beaten, working out at a future $39. While neither ambition comes close to the values once achieved, this particular share price needs a massive fairy with a massive wand to boost it by a $100 dollars. Or perhaps they shall issue a set of stunning earnings results but, we’d guess from price movements, the real “trend” for Gamestop was established with movements since August 2022 with any recovery of strength being applied, due to a history of hard work and solid progress. This, unfortunately, is also known as the slow path but for now, we’re optimistic about its future. Time, as always, remains the unknown constraint.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:39:01PM	BRENT	76.3									‘cess
9:41:20PM	GOLD	1961.57	1949	1938	1923	1967	1967	1973	1985	1955	‘cess
10:04:09PM	FTSE	7594.43									‘cess
10:21:53PM	STOX50	4288									‘cess
10:24:13PM	GERMANY	15951									‘cess
10:26:25PM	US500	4275.62	4268	4261	4248	4284	4302	4328	4361	4268
10:28:12PM	DOW	33579
10:30:16PM	NASDAQ	14555									‘cess
10:32:31PM	JAPAN	32124									Success

 

5/06/2023 FTSE Closed at 7599 points. Change of -0.11%. Total value traded through LSE was: £ 4,026,661,677 a change of -31.04%

2/06/2023 FTSE Closed at 7607 points. Change of 1.56%. Total value traded through LSE was: £ 5,839,256,981 a change of 14.36%

1/06/2023 FTSE Closed at 7490 points. Change of 0.59%. Total value traded through LSE was: £ 5,105,968,663 a change of -64.14%

31/05/2023 FTSE Closed at 7446 points. Change of -1.01%. Total value traded through LSE was: £ 14,237,190,282 a change of 154.29%

30/05/2023 FTSE Closed at 7522 points. Change of -1.38%. Total value traded through LSE was: £ 5,598,786,913 a change of 22.18%

26/05/2023 FTSE Closed at 7627 points. Change of 0.75%. Total value traded through LSE was: £ 4,582,588,809 a change of -1.57%

25/05/2023 FTSE Closed at 7570 points. Change of -100%. Total value traded through LSE was: £ 4,655,843,667 a change of 0%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:CCL Carnival** **LSE:DGE Diageo** **LSE:MKS Marks and Spencer** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Carnival, Diageo, Marks and Spencer, Music Magpie, Natwest, Ocado Plc, Zoo Digital,

LSE:CCL Carnival. Close Mid-Price: 871.8 Percentage Change: + 1.47% Day High: 871.6 Day Low: 856.2

Target met. Further movement against Carnival ABOVE 871.6 should improve ……..

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LSE:DGE Diageo Close Mid-Price: 3332 Percentage Change: -1.20% Day High: 3410 Day Low: 3323

Weakness on Diageo below 3323 will invariably lead to 3288 with secondary ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 187.9 Percentage Change: + 0.99% Day High: 189.7 Day Low: 186.9

Continued trades against MKS with a mid-price ABOVE 189.7 should improve ……..

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LSE:MMAG Music Magpie Close Mid-Price: 15.75 Percentage Change: -4.55% Day High: 16.5 Day Low: 15.75

In the event Music Magpie experiences weakness below 15.75 it calculates ……..

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LSE:NWG Natwest Close Mid-Price: 258.5 Percentage Change: -2.45% Day High: 266.4 Day Low: 256.9

If Natwest experiences continued weakness below 256.9, it will invariably ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 343.4 Percentage Change: -4.13% Day High: 364 Day Low: 342.4

Target met. If Ocado Plc experiences continued weakness below 342.4, it w ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 117.5 Percentage Change: -3.69% Day High: 127.75 Day Low: 116.5

Weakness on Zoo Digital below 116.5 will invariably lead to 109 with seco ……..

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

#Brent #DAX  The list of things to moan about is extensive. Additions this weekend include the Covid-19 vaccine and the incredibly boring Spanish Grand Prix. Receiving the vaccine from on Friday afternoon was daft, ensuring any side effects would last the weekend. Suffice to say, there were side effects which effectively turned Saturday into a non-day. It was strange, waking up at the usual 7am, ready to carefully plan which jobs could be avoided by watching Formula1 qualifying.

 

Unfortunately, 30 minutes later, the first side effects of the Covid-19 jag (Pfizer, yet again) made themselves known as every single bone decided it wanted to broadcast pain signals. And just to make it interesting, suddenly the temperature felt like it had dropped, shaking violently with extreme discomfort and, to be honest, panic. Four hours later, painful bones had walked out, replaced with horrible muscle pains in the legs and arms and in another hour or so, the freezing temperature sensation decided to vanish, leaving a blinding headache instead.

Sleep, thank goodness, was waiting in the wings and while knowing it was “just” the side effects of the vaccine, experiencing the reality made it easy to opt to miss watching live qualifying, sleeping on and off until 9pm on Saturday night. Apparently, for fans of the weather, it had been a good day.

 

Waking on Sunday morning at 7am, expecting a “rinse & repeat” session, like competent government, all side effects had vanished and the remaining few hours of the weekend were spent catching up with everything not done on Saturday. By good grace, the motor race was to prove easy to avoid thanks to processional racing which allowed plenty of time to attach something dangerous to a grass strimmer, a spinning tool with 6 thick knife blades, a probably highly illegal (bought it on eBay) device which makes hedges and bushes wish they’d never been born. Regardless of the number of wasps or bees inhabiting a hedge, by being a safe(ish) 4 feet away, there are usually few dramatics. This time around, shutting the engine down every 10 minutes to go check on the motor race revealed the top 10 was essentially unchanged, there being no point in rewinding to catch some action.

 

 

However, it appears Natwest share price remains more boring than a Formula1 race, even one seasoned with Pfizer side effects. When we previously reviewed the share, we promised great things if it would only close a session above 270p.

It did!

The initial euphoria lasting just a single session until the market decided it had a better idea, once again plunging the share price below the Green downtrend since 2015, causing us to write this trend line off as a bad show. This creates a situation where we’re supposed to promise movement next above 276p should target an initial 295p with secondary, if exceeded, at 305 and some very, very, probable hesitation is any rise.

For this to start going properly wrong for Natwest, their share price now needs below 251 for concern, allowing reversal to trigger to an initial 243p with our secondary, if the initial breaks, calculating down at 238p and hopefully a proper bounce.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:45:58PM	BRENT	76.31	74.2	73.5	72.51	75.24	76.47	76.68	78.46	75.11	‘cess
10:48:47PM	GOLD	1948.38								1973
10:52:11PM	FTSE	7621.89								7582	Success
10:53:57PM	STOX50	4328.7								4294	‘cess
10:56:08PM	GERMANY	16054.28	15883	15840	15762	15978	16076	16088	16243	16011	‘cess
10:58:16PM	US500	4281.02								4240	Success
11:01:17PM	DOW	33764.2								33522	Success
11:03:23PM	NASDAQ	14533.75								14517	Success
11:06:01PM	JAPAN	31905								31827	Success

 

2/06/2023 FTSE Closed at 7607 points. Change of 1.56%. Total value traded through LSE was: £ 5,839,256,981 a change of 14.36%

1/06/2023 FTSE Closed at 7490 points. Change of 0.59%. Total value traded through LSE was: £ 5,105,968,663 a change of -64.14%

31/05/2023 FTSE Closed at 7446 points. Change of -1.01%. Total value traded through LSE was: £ 14,237,190,282 a change of 154.29%

30/05/2023 FTSE Closed at 7522 points. Change of -1.38%. Total value traded through LSE was: £ 5,598,786,913 a change of 22.18%

26/05/2023 FTSE Closed at 7627 points. Change of 0.75%. Total value traded through LSE was: £ 4,582,588,809 a change of -1.57%

25/05/2023 FTSE Closed at 7570 points. Change of -0.75%. Total value traded through LSE was: £ 4,655,843,667 a change of -31.38%

24/05/2023 FTSE Closed at 7627 points. Change of -1.74%. Total value traded through LSE was: £ 6,784,933,914 a change of 44.14%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:CCL Carnival** **LSE:IPF International Personal Finance** **LSE:MMAG Music Magpie** **LSE:NG. National Glib** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : AFC Energy, Carnival, International Personal Finance, Music Magpie, National Glib, Scottish Mortgage Investment Trust, Vodafone, Zoo Digital,

LSE:AFC AFC Energy Close Mid-Price: 15.08 Percentage Change: -1.18% Day High: 15.74 Day Low: 15

Weakness on AFC Energy below 15 will invariably lead to 14 with secondary ……..

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LSE:CCL Carnival. Close Mid-Price: 859.2 Percentage Change: + 5.60% Day High: 860 Day Low: 827

All Carnival needs are mid-price trades ABOVE 860 to improve acceleration ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 115 Percentage Change: + 2.68% Day High: 116.5 Day Low: 112

Continued trades against IPF with a mid-price ABOVE 116.5 should improve ……..

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LSE:MMAG Music Magpie Close Mid-Price: 16.5 Percentage Change: -4.35% Day High: 17.25 Day Low: 16.5

Continued weakness against MMAG taking the price below 16.5 calculates as ……..

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LSE:NG. National Glib Close Mid-Price: 1055 Percentage Change: -0.05% Day High: 1060 Day Low: 1041.5

Weakness on National Glib below 1041.5 will invariably lead to 1038 with ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 697.6 Percentage Change: + 3.69% Day High: 699 Day Low: 678

All Scottish Mortgage Investment Trust needs are mid-price trades ABOVE 6 ……..

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LSE:VOD Vodafone Close Mid-Price: 75.63 Percentage Change: -0.66% Day High: 77.54 Day Low: 74.15

Continued weakness against VOD taking the price below 74.15 calculates as ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 122 Percentage Change: -0.81% Day High: 123 Day Low: 121

If Zoo Digital experiences continued weakness below 121, it will invariab ……..

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

#FTSE #GOLD  Market behaviour against a trend can prove interesting. For instance, the FTSE appears to be bouncing just above the immediate RED uptrend which, at time of writing, lurks at 7437.463 points. With the index hitting 7446 points and then rebounding, the given implication is one of strength but experience has taught the opposite can be true. Essentially, just as a break of a trend can serve as a warning, equally an effort to avoid a trend also provides a warning for potential trouble.

Quite why this is the case defeats us but it happens sufficiently often for us to refer to “the market reacting to a trend from afar”. Generally, when this nonsense occurs in the presence of a downtrend, it invariably is a precursor to a sharp, often spectacular, upward movement.

Unfortunately, in this instance, the movement has occurred above an uptrend and as a result, we suspect the worst is ahead.

 

 

However, from a near term perspective, things don’t look terribly dire and now above just 7509 points should trigger market recovery to an initial 7545 points with secondary, if exceeded, calculating at 7587 points. Neither ambition appears capable of recovering the FTSE into visual safety, above BLUE at 7640 points presently. If this triggers, the tightest stop loss looks like 7470 points.

 

Our alternate scenario allows for weakness below 7437 to trigger reversal down to 7329 points with secondary, if broken, at 7218 points. Surprisingly, in this situation, the stop loss level looks absurdly tight given the drop potentials, working out at 7470 points.

 

 

Have a good weekend. Hopefully the Barcelona Grand Prix turns out as enjoyable as Monaco, something we never thought we’d write! But Monaco was pretty rubbish for over 1/2 the race, then was saved by some rain.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:56:16PM	BRENT	74.37	71.23	70.32		73.03	75.21	76.05		74	‘cess
9:58:29PM	GOLD	1977.86	1953	1946		1967	1983	1986		1971	Success
10:00:10PM	FTSE	7507.8	7439	7430		7484	7508	7526		7488
10:01:59PM	STOX50	4271.1	4213	4198		4243	4277	4304		4247
10:04:29PM	GERMANY	15892	15695	15643		15767	15902	15976		15824
10:06:44PM	US500	4225.47	4171	4149		4197	4233	4244		4212	Shambles
10:08:58PM	DOW	33098.4	32678	32610		32859	33161	33178		33008	Shambles
10:10:54PM	NASDAQ	14473.8	14217	14116		14307	14500	14539		14402	‘cess
10:20:08PM	JAPAN	31386	31083	31030		31264	31431	31452		31317	Success

 

1/06/2023 FTSE Closed at 7490 points. Change of 0.59%. Total value traded through LSE was: £ 5,105,968,663 a change of -64.14%

31/05/2023 FTSE Closed at 7446 points. Change of -1.01%. Total value traded through LSE was: £ 14,237,190,282 a change of 154.29%

30/05/2023 FTSE Closed at 7522 points. Change of -1.38%. Total value traded through LSE was: £ 5,598,786,913 a change of 22.18%

26/05/2023 FTSE Closed at 7627 points. Change of 0.75%. Total value traded through LSE was: £ 4,582,588,809 a change of -1.57%

25/05/2023 FTSE Closed at 7570 points. Change of -0.75%. Total value traded through LSE was: £ 4,655,843,667 a change of -31.38%

24/05/2023 FTSE Closed at 7627 points. Change of -1.74%. Total value traded through LSE was: £ 6,784,933,914 a change of 44.14%

23/05/2023 FTSE Closed at 7762 points. Change of -100%. Total value traded through LSE was: £ 4,707,065,644 a change of 0%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:ASC Asos** **LSE:AVCT Avacta** **LSE:DGE Diageo** **LSE:IGAS Igas Energy** **LSE:JET Just Eat** **LSE:MMAG Music Magpie** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Asos, Avacta, Diageo, Igas Energy, Just Eat, Music Magpie, National Glib, Natwest, Ocado Plc, Primary Health, Vodafone, Zoo Digital,

LSE:ASC Asos Close Mid-Price: 342 Percentage Change: -0.38% Day High: 346.9 Day Low: 332

If Asos experiences continued weakness below 332, it will invariably lead ……..

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LSE:AVCT Avacta Close Mid-Price: 104 Percentage Change: -3.70% Day High: 108.5 Day Low: 103.5

Continued weakness against AVCT taking the price below 103.5 calculates a ……..

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LSE:DGE Diageo Close Mid-Price: 3344.5 Percentage Change: -0.07% Day High: 3365 Day Low: 3326.5

Target met. In the event Diageo experiences weakness below 3326.5 it calc ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 15.18 Percentage Change: + 5.27% Day High: 15.04 Day Low: 14.5

If Igas Energy experiences continued weakness below 14.5, it will invaria ……..

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LSE:JET Just Eat Close Mid-Price: 1166 Percentage Change: -3.56% Day High: 1220 Day Low: 1158

Target met. In the event Just Eat experiences weakness below 1158 it calc ……..

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LSE:MMAG Music Magpie Close Mid-Price: 17.25 Percentage Change: -1.43% Day High: 17.5 Day Low: 16.75

Weakness on Music Magpie below 16.75 will invariably lead to 14.5 with se ……..

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LSE:NG. National Glib Close Mid-Price: 1055.5 Percentage Change: -4.57% Day High: 1067 Day Low: 1049.5

Target met. If National Glib experiences continued weakness below 1049.5, ……..

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LSE:NWG Natwest. Close Mid-Price: 263.4 Percentage Change: + 1.46% Day High: 264.8 Day Low: 258.2

In the event Natwest experiences weakness below 258.2 it calculates with ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 352.4 Percentage Change: -4.50% Day High: 377.4 Day Low: 349.9

Target met. Continued weakness against OCDO taking the price below 349.9 ……..

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LSE:PHP Primary Health. Close Mid-Price: 100.5 Percentage Change: + 0.80% Day High: 104.6 Day Low: 98.7

In the event Primary Health experiences weakness below 98.7 it calculates ……..

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LSE:VOD Vodafone Close Mid-Price: 76.13 Percentage Change: -0.31% Day High: 76.92 Day Low: 75.69

If Vodafone experiences continued weakness below 75.69, it will invariabl ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 123 Percentage Change: -0.81% Day High: 126 Day Low: 122

Continued weakness against ZOO taking the price below 122 calculates as l ……..

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

#Gold #WallSt  The newest buzzword in the marketplace, Artificial Intelligence, is probably a serious issue for the crypto sector. After revelling in the dubious glow of imaginary success, the “new” buzzword has nudged things like Blockchain and Data Mining out of the fast lane as AI edges into position as the great saviour of the marketplace. With WPP teaming up with Nvidia, perhaps the advertising industry is on the edge of the dystopian vision of advertising as shown in movies such as “The Running Man” or “Total Recall”, where a commute to work is punctuated by targeted, instantly generated personalised advertising.

All it will need is facial recognition to recognise individuals, doubtless to be the subject of media hysterics anytime soon.

 

Okay, perhaps we’re being a little melodramatic, easily influenced by the work of authors such as Philip K Dick and Stephen King, neither of whom are famed for a view of the future through rose tinted glasses.

 

 

It’s been a slight surprise the hook up between WPP and Nvidia has failed, so far, to produce anything spectacular with WPP’s share price. Chipmaker Nvidia, on the other hand, continues to soar on the Nasdaq and looks capable of attaining $465 eventually, currently trading around $378 and starting 2023 down at $140!. To compare, WPP started this year at 820p and currently look troubled at 854p.

 

The immediate situation for WPP suggests weakness below 850p should promote reversal to 827p and perhaps some sort of bounce. We’re not particularly confident with such a scenario, suspecting 827p shall break on an initial downward surge, revealing the potential of an eventual bottom at 743p and hopefully a proper rebound.  Glancing at the chart below, the 740p level has history in providing a floor, one which hopefully isn’t made of thin ice as breakage threatens a visit to an eventual bottom of 508p.

 

If things intend become useful for WPP, about the best we dare suggest is a scenario which requires the share price exceed 952p, hopefully triggering price recovery to an initial 1110p with our secondary, if bettered, at 1439p, requiring another hard look at future potentials.

 

 

For now, we suspect WPP intends an eventual bounce just before 743p.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:29:51PM	BRENT	72.37									‘cess
9:31:56PM	GOLD	1963.43	1954	1952	1945	1961	1969	1972	1974	1963	‘cess
9:34:44PM	FTSE	7467.9									Success
9:51:39PM	STOX50	4235.6									ditto
11:06:45PM	GERMANY	15707.98									ditto
11:26:52PM	US500	4184.17									ditto
11:29:34PM	DOW	32869	32735	32646	32533	32911	33007	33107	33231	32917	ditto
11:31:41PM	NASDAQ	14265.82
11:34:30PM	JAPAN	30769									Success

31/05/2023 FTSE Closed at 7446 points. Change of -1.01%. Total value traded through LSE was: £ 14,237,190,282 a change of 154.29%

30/05/2023 FTSE Closed at 7522 points. Change of -1.38%. Total value traded through LSE was: £ 5,598,786,913 a change of 22.18%

26/05/2023 FTSE Closed at 7627 points. Change of 0.75%. Total value traded through LSE was: £ 4,582,588,809 a change of -1.57%

25/05/2023 FTSE Closed at 7570 points. Change of -0.75%. Total value traded through LSE was: £ 4,655,843,667 a change of -31.38%

24/05/2023 FTSE Closed at 7627 points. Change of -1.74%. Total value traded through LSE was: £ 6,784,933,914 a change of 44.14%

23/05/2023 FTSE Closed at 7762 points. Change of -0.1%. Total value traded through LSE was: £ 4,707,065,644 a change of -36.1%

22/05/2023 FTSE Closed at 7770 points. Change of -100%. Total value traded through LSE was: £ 7,366,100,317 a change of 0%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BP. BP PLC** **LSE:DGE Diageo** **LSE:FRES Fresnillo** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:SDY Speedyhire** **LSE:SRP Serco** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : AFC Energy, Aston Martin, Asos, Aviva, BP PLC, Diageo, Fresnillo, ITM Power, ITV, Just Eat, Music Magpie, Natwest, Ocado Plc, Speedyhire, Serco, Vodafone, Zoo Digital,

LSE:AFC AFC Energy Close Mid-Price: 15.26 Percentage Change: -9.49% Day High: 16.88 Day Low: 15.12

If AFC Energy experiences continued weakness below 15.12, it will invaria ……..

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LSE:AML Aston Martin. Close Mid-Price: 284 Percentage Change: + 9.57% Day High: 290 Day Low: 255.2

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LSE:ASC Asos Close Mid-Price: 343.3 Percentage Change: -3.57% Day High: 368.5 Day Low: 338.4

In the event Asos experiences weakness below 338.4 it calculates with a d ……..

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LSE:AV. Aviva Close Mid-Price: 394.2 Percentage Change: -2.69% Day High: 405.2 Day Low: 392.7

Continued weakness against AV. taking the price below 392.7 calculates as ……..

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LSE:BP. BP PLC Close Mid-Price: 453.3 Percentage Change: -2.85% Day High: 467.35 Day Low: 447.2

In the event BP PLC experiences weakness below 447.2 it calculates with a ……..

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LSE:DGE Diageo Close Mid-Price: 3347 Percentage Change: -1.63% Day High: 3387 Day Low: 3348.5

Target met. Continued weakness against DGE taking the price below 3348.5 ……..

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LSE:FRES Fresnillo Close Mid-Price: 648 Percentage Change: -0.09% Day High: 653 Day Low: 638.8

Target met. Weakness on Fresnillo below 638.8 will invariably lead to 629 ……..

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LSE:ITM ITM Power. Close Mid-Price: 69.24 Percentage Change: + 3.28% Day High: 70.2 Day Low: 66

Continued weakness against ITM taking the price below 66 calculates as le ……..

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LSE:ITV ITV Close Mid-Price: 69.8 Percentage Change: -1.80% Day High: 71 Day Low: 69.26

If ITV experiences continued weakness below 69.26, it will invariably lea ……..

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LSE:JET Just Eat Close Mid-Price: 1209 Percentage Change: -6.42% Day High: 1280 Day Low: 1207

Target met. Weakness on Just Eat below 1207 will invariably lead to 1181 ……..

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LSE:MMAG Music Magpie Close Mid-Price: 17.5 Percentage Change: -4.11% Day High: 18.25 Day Low: 17.5

Target met. If Music Magpie experiences continued weakness below 17.5, it ……..

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LSE:NWG Natwest Close Mid-Price: 259.6 Percentage Change: -2.15% Day High: 265.8 Day Low: 259.5

Continued weakness against NWG taking the price below 259.5 calculates as ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 369 Percentage Change: -5.84% Day High: 390.6 Day Low: 367.2

Target met. Weakness on Ocado Plc below 367.2 will invariably lead to 355 ……..

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LSE:SDY Speedyhire Close Mid-Price: 30.9 Percentage Change: -8.04% Day High: 33.05 Day Low: 30.15

In the event Speedyhire experiences weakness below 30.15 it calculates wi ……..

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LSE:SRP Serco Close Mid-Price: 142.9 Percentage Change: -0.69% Day High: 144.4 Day Low: 142.5

If Serco experiences continued weakness below 142.5, it will invariably l ……..

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LSE:VOD Vodafone Close Mid-Price: 76.37 Percentage Change: -1.77% Day High: 78.9 Day Low: 76.25

Weakness on Vodafone below 76.25 will invariably lead to 73 with secondar ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 124 Percentage Change: -5.70% Day High: 131.5 Day Low: 125.5

In the event Zoo Digital experiences weakness below 125.5 it calculates w ……..

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