Author: T&T Staff

#FTSE #SP500   As a fairly long term fanboy of Elon Must, this week has seen me devour two biography titles by Eric Berger, the first one being “Liftoff” and the second being “Reentry”, both titles dealing entirely with the story of SpaceX and how close Mr Musk came to losing everything at one point. In terms of entertainment, the book Liftoff was fascinating and extremely readable, though the writer had a tendency to hero worship each and every member of the SpaceX team. The second book is a little harder to consume as there’s more than a whiff of “how much can I milk this” from the writer as he draws heavily from the first book. Maybe it will improve as I’m only half way through but reading both titles, literally back to back, was perhaps a mistake.

Aside from this, Mr Musk remains an extraordinary individual, capable of pushing himself at a ridiculous rate. With him currently involved in the US Election, while running Twitter, SpaceX and Tesla, the man certainly doesn’t have a track record of backing losers, freely admitting Twitter performance continues to surprise him as he hadn’t expected to make money from the purchase!

 

The US Election and SpaceX, along with an obvious attempt to pad out an article with a diversion, this also has a lot to do with Enquest, simply due to the company share price often moving in concert with the price of crude oil. It feels like uncertainty over the results of the US election shall promote some gains in the price of oil, regardless of the victor. When we match this with the fact their share price recently wandered through a surprise Blue downtrend since 2014, the value has reacted with a degree of logic, creating an interesting situation.

Next above just 12.87p should promote near term gains to an initial 14p, along with the potential for some hesitation. However, share price closure above 14p shall be key for the Big Picture, hopefully enabling a chance for a price rise to 16.5p, along with the share price finding itself drifting in an orbit where an attraction shall apparently be coming from 22p in the future.

Should things intend go wrong, below 11p could be quite troubling, triggering reversal to an initial 7 with secondary at 5.25p. Visually, such a scenario appears unlikely.

 

For now, we’re fairly optimistic for Enquest.

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:08:42PM	BRENT	7538									‘cess
11:11:49PM	GOLD	2738.24									‘cess
11:15:18PM	FTSE	8183.2	8148	8131	8094	8186	8217	8262	8326	8171	Shambles
11:22:36PM	STOX50	4879.8									‘cess
11:25:43PM	GERMANY	19317.7									Success
11:28:10PM	US500	5815.5	5751	5740	5714	5786	5796	5825	5868	5766
11:33:56PM	DOW	42486.9									Success
11:37:41PM	NASDAQ	20296
11:41:01PM	JAPAN	39010

 

5/11/2024 FTSE Closed at 8172 points. Change of -0.15%. Total value traded through LSE was: £ 4,528,854,324 a change of 6.29%

4/11/2024 FTSE Closed at 8184 points. Change of 0.09%. Total value traded through LSE was: £ 4,260,964,543 a change of -16.92%

1/11/2024 FTSE Closed at 8177 points. Change of 0.83%. Total value traded through LSE was: £ 5,128,610,563 a change of -23.79%

31/10/2024 FTSE Closed at 8110 points. Change of -0.6%. Total value traded through LSE was: £ 6,729,759,967 a change of 2.02%

30/10/2024 FTSE Closed at 8159 points. Change of -0.73%. Total value traded through LSE was: £ 6,596,818,520 a change of 3.77%

29/10/2024 FTSE Closed at 8219 points. Change of -0.8%. Total value traded through LSE was: £ 6,356,988,335 a change of 37.02%

28/10/2024 FTSE Closed at 8285 points. Change of 1.68%. Total value traded through LSE was: £ 4,639,447,546 a change of -2.07%

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…

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

Click Epic to jump to share: LSE:DGE Diageo** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **

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Updated charts published on : Diageo, EasyJet, Hikma, Standard Chartered, The Trainline,

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LSE:DGE Diageo Close Mid-Price: 2365 Percentage Change: -0.63% Day High: 2382.5 Day Low: 2355.5

Continued weakness against DGE taking the price below 2355.5 calculates a ……..

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LSE:EZJ EasyJet. Close Mid-Price: 536.8 Percentage Change: + 2.36% Day High: 536.2 Day Low: 520.6

Further movement against EasyJet ABOVE 536.2 should improve acceleration ……..

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LSE:HIK Hikma Close Mid-Price: 1820 Percentage Change: -1.94% Day High: 1862 Day Low: 1821

Target met. Weakness on Hikma below 1821 will invariably lead to 1789p wi ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 932.2 Percentage Change: + 1.35% Day High: 933.8 Day Low: 915

In the event of Standard Chartered enjoying further trades beyond 933.8, ……..

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LSE:TRN The Trainline. Close Mid-Price: 400 Percentage Change: + 0.76% Day High: 400.8 Day Low: 392.2

Target met. Further movement against The Trainline ABOVE 400.8 should imp ……..

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

#Gold #Nasdaq   As we’re on the day of the UK’s Guy Fawkes day, along with the US election, it makes some sense for us to review one of the more accomplished firework manufacturers in the UK. Chemring present a website with an impressive range of flares and countermeasures, a listing which stops just short of “Add To Basket” and “PayPal Here” options. The news the company have won an impressive contract surely shall do the share price no harm, though a victory in the USA for Mr Trump may not be greeted by euphoria, given his intention is to calm down wars affecting his country.

We feel justified in smiling at the description of the contract win, a 12 year framework to supply the energetic components to a German weapons system. Presumably, it’s something better than an animated alarm clock, shaking a sleeping Acme box, while a weapon closes in on a target pasted on Will E Coyote’s back. It’d certainly be a perfect illustration of a British weapon manufacturer bring fun back into war zones…

 

Something seems to be happening with Chemring share price as breaking through a downtrend since 2011 certainly provides some positive perspective for the future. It is currently the case where above just 377p should trigger movement to an initial 417p with our secondary, if beaten, calculating at a longer term 551p. Or to be plain, it is worth watching.

If things intend go wrong, CLOSURE below 350 looks stuffed full of problems as this risks triggering reversal to an initial 306 with our secondary, if broken, at 269p. Visually, such a trauma would return the price into the mess with which it has found itself since 2022, giving an excellent reason for a bounce into the future.

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:25:17PM	BRENT	7517
11:27:42PM	GOLD	2735.98	2732	2728	2707	2741	2748	2751	2757	2738
11:39:09PM	FTSE	8172
11:42:32PM	STOX50	4839.3
11:46:28PM	GERMANY	19117
11:50:02PM	US500	5711.9
11:53:37PM	DOW	41796
11:56:20PM	NASDAQ	19965	19950	19838	19729	20020	20060	20092	20141	20005
11:58:47PM	JAPAN	38366

 

4/11/2024 FTSE Closed at 8184 points. Change of 0.09%. Total value traded through LSE was: £ 4,260,964,543 a change of -16.92%

1/11/2024 FTSE Closed at 8177 points. Change of 0.83%. Total value traded through LSE was: £ 5,128,610,563 a change of -23.79%

31/10/2024 FTSE Closed at 8110 points. Change of -0.6%. Total value traded through LSE was: £ 6,729,759,967 a change of 2.02%

30/10/2024 FTSE Closed at 8159 points. Change of -0.73%. Total value traded through LSE was: £ 6,596,818,520 a change of 3.77%

29/10/2024 FTSE Closed at 8219 points. Change of -0.8%. Total value traded through LSE was: £ 6,356,988,335 a change of 37.02%

28/10/2024 FTSE Closed at 8285 points. Change of 1.68%. Total value traded through LSE was: £ 4,639,447,546 a change of -2.07%

25/10/2024 FTSE Closed at 8148 points. Change of -1.46%. Total value traded through LSE was: £ 4,737,422,038 a change of -5.81%

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…

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

Click Epic to jump to share: LSE:FGP Firstgroup** **LSE:IQE IQE** **LSE:NWG Natwest** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **

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Updated charts published on : Firstgroup, IQE, Natwest, Standard Chartered, The Trainline,

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LSE:FGP Firstgroup Close Mid-Price: 135 Percentage Change: -0.15% Day High: 136.6 Day Low: 128.6

Target met. In the event Firstgroup experiences weakness below 128.6 it c ……..

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LSE:IQE IQE Close Mid-Price: 11.32 Percentage Change: -3.58% Day High: 11.8 Day Low: 11.16

Continued weakness against IQE taking the price below 11.16 calculates as ……..

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LSE:NWG Natwest. Close Mid-Price: 385.1 Percentage Change: + 2.61% Day High: 389.3 Day Low: 374.6

In the event of Natwest enjoying further trades beyond 389.3, the share s ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 919.8 Percentage Change: + 0.66% Day High: 923.8 Day Low: 906.4

Target met. Continued trades against STAN with a mid-price ABOVE 923.8 sh ……..

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LSE:TRN The Trainline. Close Mid-Price: 397 Percentage Change: + 2.27% Day High: 397.6 Day Low: 383.8

In the event of The Trainline enjoying further trades beyond 397.6, the s ……..

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

#Brent #WallSt   Regular readers will be aware of a personal delusion of being able to play guitar. A weird chemo side effect caused split finger nails, resulting in any effort to continue my fantasy be abandoned in pain but one of our grand-daughters has decided she needs to resume guitar lessons with me. Her intention is to surprise folk over the festive season with a few well chosen tunes.  Unnoticed, a recent change in drugs had cleared up the fingernail issue, so we’ve been doing “zoom” lessons after school. The intention is to surprise their mum during the Xmas break here with some truly absurd choices of music, completely inspired by the songs their mother will randomly sing at full volume.

The girls are being taught 4 Non Blondes “Whats Going On”, Taylor Swift’s “Love Story”, “Hi Ho Silver Lining” and of course, the inevitable Bangles classic “Manic Monday”. One girl doing the acoustic guitar work, the other singing the lead. It’s certainly going to make the hours after Xmas dinner quite interesting.

This ridiculous plan has quite a lot to do with Barclays and the sense of planning for a future. Which may be a disaster but heck, it’s going to be nice going into the months ahead with Barclays armed with some hope, rather than the white noise projected at investors since 2021. The banks share price is rapidly approaching a price level, where it can move from “near term” pressures to “big picture” pressures. From our perspective, the share price needs to close above our next target level, now at 255p, as this should launch the share into a zone where the Big Picture attraction can next be seen as coming from 290p with our secondary, if bettered, a visually believable 390p sometime in the future. While such big jumps to target levels may sound a bit silly, when share prices make the transit to “Big Picture” influences, we’ve become quite used to these ‘why did that happen?’ level of price movements.

If things intend go wrong, below 216p looks a bit troubling, allowing for reversal to 203 with secondary, if broken, at 187p and carrying the risk of the share price once again being “parked” while awaiting the next excuse for party time. For the present, we’re fairly optimistic.

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
3:45:55AM	BRENT	7288	7030	6591	6084	7274	7615	7820	8084	7340
4:00:29AM	GOLD	2736								2740
4:04:47AM	FTSE	8165.7								8130
11:17:54PM	STOX50	4854.5								4861
11:21:58PM	GERMANY	19187.9								19211
11:25:06PM	US500	5717.7								5742
11:38:52PM	DOW	41908.9	41777	41556	41297	41875	42332	42360	42580	42123
11:54:28PM	NASDAQ	20008								20032
11:57:36PM	JAPAN	38320								38504

 

1/11/2024 FTSE Closed at 8177 points. Change of 0.83%. Total value traded through LSE was: £ 5,128,610,563 a change of -23.79%

31/10/2024 FTSE Closed at 8110 points. Change of -0.6%. Total value traded through LSE was: £ 6,729,759,967 a change of 2.02%

30/10/2024 FTSE Closed at 8159 points. Change of -0.73%. Total value traded through LSE was: £ 6,596,818,520 a change of 3.77%

29/10/2024 FTSE Closed at 8219 points. Change of -0.8%. Total value traded through LSE was: £ 6,356,988,335 a change of 37.02%

28/10/2024 FTSE Closed at 8285 points. Change of 1.68%. Total value traded through LSE was: £ 4,639,447,546 a change of -2.07%

25/10/2024 FTSE Closed at 8148 points. Change of -1.46%. Total value traded through LSE was: £ 4,737,422,038 a change of -5.81%

24/10/2024 FTSE Closed at 8269 points. Change of 0.13%. Total value traded through LSE was: £ 5,029,789,282 a change of 1.28%

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…

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

Click Epic to jump to share: LSE:CASP Caspian** **LSE:FOXT Foxtons** **LSE:IDS International Distribution** **LSE:TRN The Trainline** **

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Updated charts published on : Caspian, Foxtons, International Distribution, The Trainline,

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LSE:CASP Caspian Close Mid-Price: 3.2 Percentage Change: -1.54% Day High: 3.25 Day Low: 3.15

This isn’t looking great as below 3.1 now suggests a visit to 2.25 next wi ……..

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LSE:FOXT Foxtons Close Mid-Price: 58.4 Percentage Change: -0.68% Day High: 59 Day Low: 57.6

Weakness on Foxtons below 57.6 will invariably lead to 56p next. If broke ……..

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LSE:IDS International Distribution. Close Mid-Price: 339 Percentage Change: + 0.53% Day High: 339.4 Day Low: 333

This is terrible, stalling on the edge of becoming useful and simply messi ……..

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LSE:TRN The Trainline Close Mid-Price: 388.2 Percentage Change: -0.26% Day High: 392 Day Low: 383.2

Target met. Continued trades against TRN with a mid-price ABOVE 392 shoul ……..

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

#FTSE #GOLD  The FTSE appears to have broken trend and not in a good way. While the UK’s recent budget would be easy to blame for the market decline, if only due to the government opting to increase the tax on jobs created to 15%. Employers National Insurance Contribution (ENIC) is often felt to be a particularly unfair tax, a fee payable regardless of the income or profit level of a company, quite literally a penalty for every job created and probably the definition of “stealth tax” simply due to the naming convention. It’s also been noted the VAT rate has not been moderated from its emergency lift to 20%, this tax originally levied to produce the UK’s contribution to the European Union and despite the country no longer being a member, VAT remains at punitive levels.

And worse, we still suffer idiotic EU rules as witnessed by these awful bottle top ties…

At best, we can only guess the markets are flopping around as due to ridiculous USA election fever, the markets completely failing to know how to react from one day to the next. Thursday, with Democrat biased CNN producing large swings for Harris at the obvious expense of Trump, giving markets everywhere an excuse for a decline. The Dow Jones, for instance, finished the session at 41,763 and in a zone where the next few days points to a potential bottom of 40,600 points, a nice tidy 1,000+ point gift across the next few sessions. The only problem, there’s a US Presidential election blocking the path, promising making the 5th November fireworks quite spectacular while the real thing breaks out across the pond. Our worry comes from the number of Democrat leaders in multiple US states calling Trump the next Hitler. As a result, it becomes very possible some states shall create a situation where they refuse to certify “Hitler” as their next president, causing fireworks!

 

The FTSE appears to have joined world markets in being nervous about North America and there’s still time for a surprise recovery before a painful plunge. From our perspective, any surprise recovery requires exceed 8,150 to derail a drop to 8,046 and a fake bounce but, should 8,046 break, we shall anticipate the UK experiencing a bottom at an eventual 7,971 points and a bounce. In this scenario, it looks possible a stop loss level at 8,150 shall prove sane, if we work on the basis some sort of fake short term bounce is ahead.

 

Of course, the question must be asked of what to expect, should 8,150 be exceeded?

In such a scenario, we can calculate the potential of a lift to an initial 8,255 points with our secondary, if bettered, at 8.333 points. Overall, this dumps the UK index in a zone where an eventual breakout to 8,502 points becomes possible, perhaps suggesting the US has indeed elected Guy Fawkes as president. As always, we live in interesting times and with the Brazilian Grand Prix, the weekend might be interesting!

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:39:29PM	BRENT	7399.7	7090	6986		7278	7431	7489		7224	‘cess
11:43:53PM	GOLD	2747.05	2746	2723		2760	2758	2760		2744	Success
11:40:11PM	FTSE	8127.8	8071	8043		8168	8211	8254		8146	ditto
11:43:43PM	STOX50	4828.8	4803	4767		4856	4859	4878		4826	ditto
11:48:22PM	GERMANY	19091.7	19005	18920		19184	19191	19260		19092	ditto
11:52:39PM	US500	5712	5700	5664		5737	5737	5746		5704	ditto
11:57:18PM	DOW	41810	41699	41323		41984	42037	42131		41841	ditto
12:01:15AM	NASDAQ	19948	19878	19730		20002	20280	20427		20150	ditto
12:05:21AM	JAPAN	38305	38115	37979		38365	38787	38998		38620	ditto

 

31/10/2024 FTSE Closed at 8110 points. Change of -0.6%. Total value traded through LSE was: £ 6,729,759,967 a change of 2.02%

30/10/2024 FTSE Closed at 8159 points. Change of -0.73%. Total value traded through LSE was: £ 6,596,818,520 a change of 3.77%

29/10/2024 FTSE Closed at 8219 points. Change of -0.8%. Total value traded through LSE was: £ 6,356,988,335 a change of 37.02%

28/10/2024 FTSE Closed at 8285 points. Change of 1.68%. Total value traded through LSE was: £ 4,639,447,546 a change of -2.07%

25/10/2024 FTSE Closed at 8148 points. Change of -1.46%. Total value traded through LSE was: £ 4,737,422,038 a change of -5.81%

24/10/2024 FTSE Closed at 8269 points. Change of 0.13%. Total value traded through LSE was: £ 5,029,789,282 a change of 1.28%

23/10/2024 FTSE Closed at 8258 points. Change of -0.58%. Total value traded through LSE was: £ 4,966,414,850 a change of 16.11%

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…

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

Click Epic to jump to share: LSE:BME B & M** **LSE:CCL Carnival** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:FOXT Foxtons** **LSE:HIK Hikma** **LSE:SPT Spirent Comms** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **

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Updated charts published on : B & M, Carnival, Diageo, MAN, Foxtons, Hikma, Spirent Comms, Spirax, Standard Chartered, The Trainline,

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LSE:BME B & M Close Mid-Price: 387.6 Percentage Change: -3.41% Day High: 400.8 Day Low: 384.8

Target met. Continued weakness against BME taking the price below 384.8 c ……..

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LSE:CCL Carnival. Close Mid-Price: 1557 Percentage Change: + 2.17% Day High: 1595 Day Low: 1522.5

Target met. Continued trades against CCL with a mid-price ABOVE 1595 shou ……..

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LSE:DGE Diageo Close Mid-Price: 2399 Percentage Change: -2.08% Day High: 2420.5 Day Low: 2381.5

Weakness on Diageo below 2381.5 will invariably lead to 2312 and hopefull ……..

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LSE:EMG MAN Close Mid-Price: 198.6 Percentage Change: -0.40% Day High: 199.5 Day Low: 197

If MAN experiences continued weakness below 197, it will invariably lead ……..

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LSE:FOXT Foxtons Close Mid-Price: 58.8 Percentage Change: -2.97% Day High: 59.8 Day Low: 58

If Foxtons experiences continued weakness below 58, it will invariably le ……..

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LSE:HIK Hikma Close Mid-Price: 1855 Percentage Change: -2.47% Day High: 1901 Day Low: 1840

Continued weakness against HIK taking the price below 1840 calculates as ……..

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LSE:SPT Spirent Comms Close Mid-Price: 168 Percentage Change: -1.12% Day High: 170 Day Low: 166.2

In the event Spirent Comms experiences weakness below 166.2 it calculates ……..

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LSE:SPX Spirax Close Mid-Price: 6455 Percentage Change: -1.22% Day High: 6545 Day Low: 6420

Target met. If Spirax experiences continued weakness below 6420, it will ……..

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LSE:STAN Standard Chartered Close Mid-Price: 900.4 Percentage Change: -1.34% Day High: 918.4 Day Low: 894.2

All Standard Chartered needs are mid-price trades ABOVE 918.4 to improve ……..

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LSE:TRN The Trainline. Close Mid-Price: 389.2 Percentage Change: + 3.46% Day High: 388.6 Day Low: 373.6

All The Trainline needs are mid-price trades ABOVE 388.6 to improve accel ……..

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

#Gold #Nasdaq  Miracles happen, though rarely for Aston Martin. Instead, after becoming bored with creating cider, it seemed sensible to try something different as we’ve got all the right gear. Purchasing sufficient concentrate of Chiraz grape juice has produced a 21 ltr drum of the product which claims it has stopped fermenting. Last night, a technical tool confirmed the wine was ready to enter the final straight of production, just needing some clever chemicals to remove cloudiness.

By 2am, a perfectly clear test-tube of product deserved a sip and it was perfect, tasting like that rare bottle of wine you try out of the blue and discover it’s perfect. During Thursday, I shall be creating 30 bottles of this stuff, bunging it in the outside shed for a few months while it considers whether to remain seriously impressive. It would be easy to boast at the lack of difficulty in making a red wine but, to be fair, it’s probably best to give it a few months.

 

We’re starting to wonder if AML should abandon their car ambitions as The Times started Wednesday by reporting Aston were losing £1m per day as the company missed all targets for the most recent quarter earnings. Another publication reported gleefully Aston Martin has slashed their pre-tax loss by 90% and their revenue had increased by 8% carrying an implicit degree of optimism for the car company, the share price somehow ending up 5% on Wednesday…

The situation now is fairly dangerous, due to share price closure below 100p entering a zone where perhaps 93p may produce a bounce but from a Big Picture viewpoint, Aston Martin shall find itself driving at speed to a share price value of precisely zero. Which is rarely a good sign!

If some happiness is coming, it appears above 115 could easily provoke acceleration to an initial 124p with our secondary, if bettered, at a longer term 141p. Closure above 141 should prove to be game changing, signalling a core change in the way Aston is being regarded.

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:42:00PM	BRENT	7259.2
10:47:25PM	GOLD	2786.96	2771	2763	2754	2782	2791	2802	2807	2770	‘cess
10:52:48PM	FTSE	8152.5									‘cess
10:55:39PM	STOX50	4870.7
11:01:45PM	GERMANY	19217.9									Success
11:05:24PM	US500	5799.7
11:08:23PM	DOW	42156
11:11:44PM	NASDAQ	20298	20292	20202	20053	20420	20488	20553	20640	20376	Shambles
11:13:51PM	JAPAN	39197									‘cess

 

30/10/2024 FTSE Closed at 8159 points. Change of -0.73%. Total value traded through LSE was: £ 6,596,818,520 a change of 3.77%

29/10/2024 FTSE Closed at 8219 points. Change of -0.8%. Total value traded through LSE was: £ 6,356,988,335 a change of 37.02%

28/10/2024 FTSE Closed at 8285 points. Change of 1.68%. Total value traded through LSE was: £ 4,639,447,546 a change of -2.07%

25/10/2024 FTSE Closed at 8148 points. Change of -1.46%. Total value traded through LSE was: £ 4,737,422,038 a change of -5.81%

24/10/2024 FTSE Closed at 8269 points. Change of 0.13%. Total value traded through LSE was: £ 5,029,789,282 a change of 1.28%

23/10/2024 FTSE Closed at 8258 points. Change of -0.58%. Total value traded through LSE was: £ 4,966,414,850 a change of 16.11%

22/10/2024 FTSE Closed at 8306 points. Change of -0.14%. Total value traded through LSE was: £ 4,277,437,819 a change of 11.53%

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…

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

Click Epic to jump to share: LSE:BP. BP PLC** **LSE:DGE Diageo** **LSE:IQE IQE** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **

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Updated charts published on : BP PLC, Diageo, IQE, Spirax, Standard Chartered,

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LSE:BP. BP PLC Close Mid-Price: 374.05 Percentage Change: -1.37% Day High: 380.5 Day Low: 371.1

Target met. In the event BP PLC experiences weakness below 371.1 it calcu ……..

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LSE:DGE Diageo Close Mid-Price: 2450 Percentage Change: -2.64% Day High: 2485 Day Low: 2445

If Diageo experiences continued weakness below 2445, it will invariably l ……..

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LSE:IQE IQE. Close Mid-Price: 12.46 Percentage Change: + 7.23% Day High: 13.06 Day Low: 11.44

If IQE experiences continued weakness below 11.44, it will invariably lea ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 555.2 Percentage Change: + 0.11% Day High: 558.4 Day Low: 547.2

All Rolls Royce needs are mid-price trades ABOVE 572.6 to improve accelera ……..

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LSE:SPX Spirax Close Mid-Price: 6535 Percentage Change: -2.54% Day High: 6715 Day Low: 6565

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LSE:STAN Standard Chartered. Close Mid-Price: 912.6 Percentage Change: + 4.13% Day High: 914.4 Day Low: 894.4

Target met. Further movement against Standard Chartered ABOVE 914.4 shoul ……..

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

#FTSE #DOW   We’ve never wondered for a moment who the company may be behind rubbish given away printed with various logos. Thanks to an email, we never need to worry about it again as this is 4imprint reason for existence. From “cool writing tools” (once known as pens) through to beanie hats and clothing, the company are capable of producing company names in the most unlikely of places. We’d to smile gently at their “Ocean Bottles” hype, pushing re-usable bottles with company names on them as each apparently reduces by 1,000 the number of single use bottles finding their way into the sea.

The tiny little problem with “the ocean plastics” problem is it’s not true. In the media, lots of green organisations promote the idea of a massive island of plastic debris floating around, killing marine life and producing massive problems for the planet. Unfortunately, scientists and marine life specialists are finding quite a different story as 85-90% of debris comes from the fishing industry worldwide. Making things worse, marine life has adapted to this floating artificial reef, making it a one-stop shop for predators who eat small fish. By way of a final insult, micro-organisms have appeared with flourish on eating plastics! Obviously, this is yet another case of the media indulging in sloppy reporting, only giving a juicy part of a story which may justify a single use clickbait headline, rather than risk informing readers! To be fair, come the revolution folk who litter will be first against the wall but, the myth of a floating island of plastic bottles is simply untrue.

 

Drifting into the obvious hell of rubbish  was easy, once we’d reviewed the product lists from 4imprint due to disposable materials comprising a part of their available inventory.

 

However, from a share price perspective, it starts to feel like a fairly interesting future may be ahead for 4imprint Group, making us wonder if they may be the company behind the millions of political hats and tee-shirts being worn in the USA election. Currently, share price recovery above 5500p should promote recovery to an initial 5799p with our secondary, if bettered, at 6015p. While neither ambition is particularly helpful, we shall regard a long term 6478p as providing an attractive distant target.

If things intend go horribly wrong, by our calculations the share price needs weekend below 4544p to risk a visit to 3964p with our secondary, if broken, an eventual visit to 2006p and hopefully a solid bottom. Currently, nothing justifies us taking such a negative stance.

 

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:06:10PM	BRENT	7100.9
10:09:21PM	GOLD	2772.64									Success
10:13:48PM	FTSE	8210.8	8201	8162	8107	8224	8263	8284	8312	8232	Shambles
10:56:07PM	STOX50	4947.7
11:08:09PM	GERMANY	19499.8									‘cess
11:10:29PM	US500	5847.3
11:17:38PM	DOW	42289	42162	42068	41924	42395	42502	42643	42842	42307	Shambles
11:19:40PM	NASDAQ	20600.9									‘cess
11:22:44PM	JAPAN	39192									‘cess

 

29/10/2024 FTSE Closed at 8219 points. Change of -0.8%. Total value traded through LSE was: £ 6,356,988,335 a change of 37.02%

28/10/2024 FTSE Closed at 8285 points. Change of 1.68%. Total value traded through LSE was: £ 4,639,447,546 a change of -2.07%

25/10/2024 FTSE Closed at 8148 points. Change of -1.46%. Total value traded through LSE was: £ 4,737,422,038 a change of -5.81%

24/10/2024 FTSE Closed at 8269 points. Change of 0.13%. Total value traded through LSE was: £ 5,029,789,282 a change of 1.28%

23/10/2024 FTSE Closed at 8258 points. Change of -0.58%. Total value traded through LSE was: £ 4,966,414,850 a change of 16.11%

22/10/2024 FTSE Closed at 8306 points. Change of -0.14%. Total value traded through LSE was: £ 4,277,437,819 a change of 11.53%

21/10/2024 FTSE Closed at 8318 points. Change of -0.48%. Total value traded through LSE was: £ 3,835,225,981 a change of -24.37%

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…

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

Click Epic to jump to share: LSE:AAL Anglo American** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:HSBA HSBC** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:STAN Standard Chartered** **

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Updated charts published on : Anglo American, B & M, BP PLC, MAN, Firstgroup, HSBC, IQE, ITM Power, Standard Chartered,

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LSE:AAL Anglo American. Close Mid-Price: 2483 Percentage Change: + 0.81% Day High: 2503.5 Day Low: 2423

Further movement against Anglo American ABOVE 2503.5 should improve accel ……..

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LSE:BME B & M Close Mid-Price: 395.7 Percentage Change: -1.00% Day High: 401.3 Day Low: 395.5

Target met. Weakness on B & M below 395.5 will invariably lead to 388p wi ……..

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LSE:BP. BP PLC Close Mid-Price: 379.25 Percentage Change: -4.97% Day High: 397.7 Day Low: 377.65

Weakness on BP PLC below 377.65 will invariably lead to 371p with seconda ……..

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LSE:EMG MAN Close Mid-Price: 199.4 Percentage Change: -2.54% Day High: 205.4 Day Low: 198.2

Target met. In the event MAN experiences weakness below 198.2 it calculat ……..

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LSE:FGP Firstgroup Close Mid-Price: 133.2 Percentage Change: -5.26% Day High: 140.5 Day Low: 131.5

If Firstgroup experiences continued weakness below 131.5, it will invaria ……..

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LSE:HSBA HSBC. Close Mid-Price: 713.7 Percentage Change: + 3.12% Day High: 729.2 Day Low: 705.6

Target met. All HSBC needs are mid-price trades ABOVE 729.2 to improve ac ……..

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LSE:IQE IQE Close Mid-Price: 11.62 Percentage Change: -20.41% Day High: 14.04 Day Low: 11.5

Target met. Weakness on IQE below 11.5 will invariably lead to 10.5p with ……..

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LSE:ITM ITM Power Close Mid-Price: 39 Percentage Change: -3.32% Day High: 41.3 Day Low: 37.16

Target met. In the event ITM Power experiences weakness below 37.16 it ca ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 876.4 Percentage Change: + 1.22% Day High: 889.6 Day Low: 874.8

Target met. In the event of Standard Chartered enjoying further trades be ……..

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

#Gold #S&P500 Of all the days where we needed Argyll to do something stupid and provide padding for our headline article, Monday failed totally. The only standout event of the day was at 8am, when a beam of light broke through the clouds, illuminating a ferry moored outside and making it look like it was the subject of a filming session. This brief reminder of the suns existence doubtless will have inspired the ferry company, giving them a sunlight excuse for another price increase for the hideously expensive return trip across to the mainland. The trip can be as quick as 10 minutes but more commonly 15 minutes, the company charging 49 quid for a car & driver trip, a 30%+ increase over the last couple of years and one which shall doubtless not be reversed despite all other prices coming down.

 

As for Shell share price, things have become a little messy, the price needing to close a session above 2642p to escape the immediate shambolic behaviour. To be fair. Shells share price is mimicking the price of crude oil, behaving like a Golden Retriever who wants to go out, so she can want to come in again. Brent Crude wants to go down, yet continues to fall into any sort of logical trap as the markets feel determined not to be caught out by a crisis in the Middle East.

To be blunt, it’s all starting to feel a bit like Ukraine, a world situation where the world has essentially grown bored with what’s going on.

If we pretend optimism, Shell share price closing a session above 2642p should be important, potentially triggering share price recovery to an initial 2800p with our secondary, if bettered, at an unlikely 3048p and a new high.

 

More probable, if things intend go wrong, below 2400p should next trigger reversal to an initial 2261 with our secondary, if broken, at 1959p and hopefully a rebound.

If summary, their share price movements are as chaotic as Western Ferries ticket price gouging, a Norwegian company anxious to extract as must profit as possible from the area.. But their shipboard staff are simply the best folk around, a considerable change from their admin staff who are forced to adhere to corporate policy. (Attending hospital on the mainland, 4 days a week for 5 weeks, became expensive very quickly)

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:25:24PM	BRENT	7163.2									Success
10:28:01PM	GOLD	2740.97	2725	2720	2712	2735	2746	2751	2759	2738	‘cess
10:31:41PM	FTSE	8291.2									‘cess
10:34:31PM	STOX50	4966.9									Success
10:38:04PM	GERMANY	19521.4									‘cess
10:41:15PM	US500	5825.2	5823	5817	5806	5837	5849	5861	5894	5828
10:44:02PM	DOW	42384.9
10:47:17PM	NASDAQ	20365.5
10:51:00PM	JAPAN	38562

 

28/10/2024 FTSE Closed at 8285 points. Change of 1.68%. Total value traded through LSE was: £ 4,639,447,546 a change of -2.07%

25/10/2024 FTSE Closed at 8148 points. Change of -1.46%. Total value traded through LSE was: £ 4,737,422,038 a change of -5.81%

24/10/2024 FTSE Closed at 8269 points. Change of 0.13%. Total value traded through LSE was: £ 5,029,789,282 a change of 1.28%

23/10/2024 FTSE Closed at 8258 points. Change of -0.58%. Total value traded through LSE was: £ 4,966,414,850 a change of 16.11%

22/10/2024 FTSE Closed at 8306 points. Change of -0.14%. Total value traded through LSE was: £ 4,277,437,819 a change of 11.53%

21/10/2024 FTSE Closed at 8318 points. Change of -0.48%. Total value traded through LSE was: £ 3,835,225,981 a change of -24.37%

18/10/2024 FTSE Closed at 8358 points. Change of -0.32%. Total value traded through LSE was: £ 5,071,129,740 a change of -4.53%

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:FOXT Foxtons** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **

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Updated charts published on : Carnival, Foxtons, British Airways, IQE, Standard Chartered, The Trainline,

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LSE:CCL Carnival. Close Mid-Price: 1518 Percentage Change: + 4.22% Day High: 1551 Day Low: 1472

Target met. All Carnival needs are mid-price trades ABOVE 1551 to improve ……..

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LSE:FOXT Foxtons Close Mid-Price: 59 Percentage Change: -2.32% Day High: 60.2 Day Low: 58.6

Continued weakness against FOXT taking the price below 58.6 calculates as ……..

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LSE:IAG British Airways. Close Mid-Price: 215.3 Percentage Change: + 1.80% Day High: 217.1 Day Low: 212

All British Airways needs are mid-price trades ABOVE 217.1 to improve ac ……..

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LSE:IQE IQE Close Mid-Price: 14.6 Percentage Change: -1.75% Day High: 14.96 Day Low: 14.5

In the event IQE experiences weakness below 14.5 it calculates with a dro ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 865.8 Percentage Change: + 1.50% Day High: 869.2 Day Low: 854

Target met. Continued trades against STAN with a mid-price ABOVE 869.2 sh ……..

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LSE:TRN The Trainline. Close Mid-Price: 368 Percentage Change: + 9.20% Day High: 378 Day Low: 340

Further movement against The Trainline ABOVE 378 should improve accelerat ……..

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