Author: T&T Staff

#FTSE #Nasdaq The financial press has been salivating this week over the prospects for Wizz Air and its incoming fleet of Airbus A321XLR jets, each with that scary “new untried jet” smell, and the companies plans for longer range routes from Gatwick to Jeddah to start with. It’s quite astounding, the company offering the ability of someone paying £135 and getting a 3,000 mile trip in return. Regular readers will know of the “high esteem” in which we hold the hell of flying and a costing such as this makes us wonder what the conditions on board shall be like.

Perhaps there will be coin operated toilet cubicles & a charge for loo roll, along with a paid lottery to decide who is allowed to sit and those who stand for the journey. They could maybe even adopt the African transport concept, a special charge for those who will sit on the roof of a jet, similar to the roof class as found on some African & Indian trains…

 

While we’re obviously bothered by the market choosing to gap the share price below the uptrend at the start of August, it appeared to send a pretty solid signal the market wants the share price down. Unusually for us, we’re not entirely convinced by the movement as below 1150p allows for further reversal to an initial 1078p. Effectively, this suggests we expect a bounce, or ideally the market opting to gap up the share price, anytime now. The real danger comes with closure below 1078p as a further cycle to 560p becomes possible, along with substantial difficulty in bouncing.

From a near term perspective, above 1218p should trigger slight recovery to an initial 1377 and some hesitation. Our secondary, if such a level is beaten, at 1834p, taking the share price into a region where happy days should be ahead, due to the value being once again above the uptrend since 2022.

 

Sorry to be so brief on this one. At time of writing, the thoroughly enjoyable Trump/Harris debate is on telly.

 

 

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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
11:00:01PM	BRENT	6956									‘cess
11:04:03PM	GOLD	2516.4									Success
11:08:58PM	FTSE	8212.1	8175	8166	8123	8219	8230	8239	8261	8216	‘cess
11:07:37PM	STOX50	4757									‘cess
11:11:29PM	GERMANY	18321
11:14:55PM	US500	5491.9
11:17:36PM	DOW	40726.1
11:20:43PM	NASDAQ	18817.4	18563	18473	18347	18715	18832	18854	18953	18780
11:23:55PM	JAPAN	36122									Success

 

10/09/2024 FTSE Closed at 8205 points. Change of -0.79%. Total value traded through LSE was: £ 5,055,044,781 a change of 31.7%

9/09/2024 FTSE Closed at 8270 points. Change of 1.09%. Total value traded through LSE was: £ 3,838,355,695 a change of -22.29%

6/09/2024 FTSE Closed at 8181 points. Change of -0.73%. Total value traded through LSE was: £ 4,939,178,824 a change of -5.79%

5/09/2024 FTSE Closed at 8241 points. Change of -0.34%. Total value traded through LSE was: £ 5,242,721,349 a change of 2.61%

4/09/2024 FTSE Closed at 8269 points. Change of -0.35%. Total value traded through LSE was: £ 5,109,260,535 a change of 3.53%

3/09/2024 FTSE Closed at 8298 points. Change of -0.78%. Total value traded through LSE was: £ 4,935,106,783 a change of 50.92%

2/09/2024 FTSE Closed at 8363 points. Change of -0.16%. Total value traded through LSE was: £ 3,270,019,742 a change of -47.48%

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:CEY Centamin** **LSE:CNA Centrica** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:PMG Parkmead** **LSE:SBRY Sainsbury** **LSE:TLW Tullow** **

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Updated charts published on : Anglo American, B & M, BP PLC, Centamin, Centrica, Genel, Gulf Keystone, Glencore Xstra, British Airways, IQE, Marks and Spencer, National Glib, Parkmead, Sainsbury, Tullow,

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LSE:AAL Anglo American Close Mid-Price: 2009 Percentage Change: -1.01% Day High: 2052.5 Day Low: 1989

In the event Anglo American experiences weakness below 1989 it calculates ……..

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LSE:BME B & M Close Mid-Price: 415.9 Percentage Change: -2.05% Day High: 422.7 Day Low: 414.3

Target met. Weakness on B & M below 414.3 will invariably lead to 409p wi ……..

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LSE:BP. BP PLC Close Mid-Price: 397.45 Percentage Change: -2.26% Day High: 407.7 Day Low: 395.75

Target met. Continued weakness against BP. taking the price below 395.75 ……..

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LSE:CEY Centamin. Close Mid-Price: 146.9 Percentage Change: + 22.93% Day High: 150.9 Day Low: 145

Target met. All Centamin needs are mid-price trades ABOVE 150.9 to improv ……..

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LSE:CNA Centrica Close Mid-Price: 119.5 Percentage Change: -2.45% Day High: 122.6 Day Low: 119.35

If Centrica experiences continued weakness below 119.35, it will invariab ……..

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LSE:GENL Genel. Close Mid-Price: 73.5 Percentage Change: + 0.68% Day High: 74.6 Day Low: 71.6

If Genel experiences continued weakness below 71.6, it will invariably le ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 111.6 Percentage Change: -4.53% Day High: 119.8 Day Low: 111.9

Continued weakness against GKP taking the price below 111.9 calculates as ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 363.45 Percentage Change: -1.78% Day High: 371.95 Day Low: 362.6

Target met. In the event Glencore Xstra experiences weakness below 362.6 ……..

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LSE:IAG British Airways. Close Mid-Price: 192.5 Percentage Change: + 0.57% Day High: 192.85 Day Low: 189.35

Further movement against British Airways ABOVE 192.85 should improve acc ……..

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LSE:IQE IQE Close Mid-Price: 19.14 Percentage Change: -19.24% Day High: 21.5 Day Low: 19.3

Target met. Weakness on IQE below 19.3 will invariably lead to 18.5p with ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 356.6 Percentage Change: + 1.08% Day High: 356.1 Day Low: 351.2

All Marks and Spencer needs are mid-price trades ABOVE 356.1 to improve a ……..

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LSE:NG. National Glib. Close Mid-Price: 1043 Percentage Change: + 0.72% Day High: 1046 Day Low: 1036

All National Glib needs are mid-price trades ABOVE 1046 to improve accele ……..

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LSE:PMG Parkmead Close Mid-Price: 10.12 Percentage Change: -3.57% Day High: 10.5 Day Low: 10.12

Target met. In the event Parkmead experiences weakness below 10.12 it cal ……..

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LSE:SBRY Sainsbury Close Mid-Price: 299.2 Percentage Change: -0.20% Day High: 301.2 Day Low: 298

Further movement against Sainsbury ABOVE 301.2 should improve acceleratio ……..

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LSE:TLW Tullow Close Mid-Price: 22.12 Percentage Change: -3.91% Day High: 23.2 Day Low: 22.16

Weakness on Tullow below 22.16 will invariably lead to 21.5p with seconda ……..

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

#Gold #SP500 With each week passing, it becomes increasingly likely we shall opt to ditch our annual BBC Licence Fee as, when it comes down to it, neither of us bother watching “live” TV any more. It’s probable the ridiculously biased BBC News started this rot 10 years ago, due to their ugly coverage of the Scottish Referendum but it’s gotten to the stage my wife is now speculating about using the big TV screen for her City Skylines game, rather than sitting watching her computer monitor, while listening to a podcast on her tablet, while browsing the Temu website on her phone. Obviously, the TV is switched off.

From a personal viewpoint, while rarely ever watching telly, I’ve developed a guilty secret every evening, watching/listening to The Megyn Kelly Show on YouTube every night, generally providing 90 minutes of insight into what’s going on in the USA and wider world. Often, items being discussed can be quite jaw dropping due to the established media not covering it, and her online show is now credited as enjoying greater viewer numbers than Sky News, CNN, MSNBC, etc. On the other hand, there’s the UK’s Russel Brand also giving it his best shot, often covering the same areas with a UK twist, even daring to mention the UK media attempts to “cancel” Tommy Robinson, but unfortunately his presentation style can be difficult to enjoy.

 

All of this has nothing to do with Craneware, other than acknowledging a personal preference for news to be delivered in plain, honest English. And this is where AIM listed Craneware Plc popped up! A small alert appeared in our end of day data run, introducing a company we’ve never looked at and suggesting it may be worth a glance from our perspective. Anxious to sound knowledgeable on the company, we visited their website to figure out what they’re up to. Inevitably, it was nothing to do with sensible clothing for cranes. Instead, they appear to supply billing and accounts software for the US medical industry.

 

However, their share price has venerated the uptrend since 2023 and is now looks poised to continue some positive action, despite gibberish only decoded by insiders, on their website. Then again, an honest sentence which said something like “we exist to maximise the amount hospitals can charge insurance companies in the US” may not have quite the poetic ring used on their website.

Their share value certainly looks like it has the potential to bring further growth to the price, potentially matching the all time high above 3,500p back in 2018.

Currently, above just 2415 implies an initial target of 2449p with our secondary, if bettered, a surprisingly useful 2723p sometime in the future. While the concept of such a target may sound quite impressive, our third level target calculates at 3,401p and almost certain hesitation, given it matches the highs of 2018.

Our converse scenario, if things intend go wrong, allows below 2290 to trigger reversals to an initial 1947p with secondary, if broken, at a bottom of 1765p.

For now, we’re inclined toward a positive opinion on Craneware.

 

 

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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
10:17:39PM	BRENT	7184.2
10:28:20PM	GOLD	2505.94	2486	2476	2458	2500	2508	2510	2514	2503
10:32:14PM	FTSE	8266.5
10:48:10PM	STOX50	4794
11:35:19PM	GERMANY	18499
11:38:44PM	US500	5475.6	5385	5350	5248	5429	5524	5562	5621	5460
11:42:07PM	DOW	40823.1
11:53:25PM	NASDAQ	18669									‘cess
11:59:22PM	JAPAN	36306

 

9/09/2024 FTSE Closed at 8270 points. Change of 1.09%. Total value traded through LSE was: £ 3,838,355,695 a change of -22.29%

6/09/2024 FTSE Closed at 8181 points. Change of -0.73%. Total value traded through LSE was: £ 4,939,178,824 a change of -5.79%

5/09/2024 FTSE Closed at 8241 points. Change of -0.34%. Total value traded through LSE was: £ 5,242,721,349 a change of 2.61%

4/09/2024 FTSE Closed at 8269 points. Change of -0.35%. Total value traded through LSE was: £ 5,109,260,535 a change of 3.53%

3/09/2024 FTSE Closed at 8298 points. Change of -0.78%. Total value traded through LSE was: £ 4,935,106,783 a change of 50.92%

2/09/2024 FTSE Closed at 8363 points. Change of -0.16%. Total value traded through LSE was: £ 3,270,019,742 a change of -47.48%

30/08/2024 FTSE Closed at 8376 points. Change of -0.04%. Total value traded through LSE was: £ 6,226,759,673 a change of 55.63%

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:CAR Carclo** **LSE:EMG MAN** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:IAG British Airways** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:SBRY Sainsbury** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **

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Updated charts published on : Carclo, MAN, Genel, Gulf Keystone, British Airways, Marks and Spencer, National Glib, Sainsbury, Tullow, The Trainline, Tesco,

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LSE:CAR Carclo. Close Mid-Price: 40 Percentage Change: + 4.71% Day High: 42 Day Low: 39.6

All Carclo needs are mid-price trades ABOVE 42 to improve acceleration to ……..

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LSE:EMG MAN. Close Mid-Price: 210 Percentage Change: + 1.16% Day High: 209.6 Day Low: 205.8

Weakness on MAN below 205.8 will invariably lead to 204p with secondary ( ……..

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LSE:GENL Genel Close Mid-Price: 73 Percentage Change: -0.41% Day High: 74.8 Day Low: 72.7

In the event Genel experiences weakness below 72.7 it calculates with a d ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 116.9 Percentage Change: + 1.92% Day High: 117.3 Day Low: 112.6

If Gulf Keystone experiences continued weakness below 112.6, it will inva ……..

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LSE:IAG British Airways. Close Mid-Price: 191.4 Percentage Change: + 1.19% Day High: 191.6 Day Low: 187.4

Target met. Continued trades against IAG with a mid-price ABOVE 191.6 sho ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 352.8 Percentage Change: + 1.47% Day High: 352.6 Day Low: 346.5

In the event of Marks and Spencer enjoying further trades beyond 352.6, t ……..

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LSE:NG. National Glib. Close Mid-Price: 1035.5 Percentage Change: + 1.57% Day High: 1038 Day Low: 1017.5

Target met. In the event of National Glib enjoying further trades beyond ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 299.8 Percentage Change: + 1.15% Day High: 300 Day Low: 297

Continued trades against SBRY with a mid-price ABOVE 300 should improve t ……..

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LSE:TLW Tullow Close Mid-Price: 23.02 Percentage Change: -1.96% Day High: 23.68 Day Low: 23

If Tullow experiences continued weakness below 23, it will invariably lea ……..

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LSE:TRN The Trainline. Close Mid-Price: 299.4 Percentage Change: + 1.91% Day High: 307.6 Day Low: 293.2

Continued weakness against TRN taking the price below 293.2 calculates as ……..

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LSE:TSCO Tesco. Close Mid-Price: 368.7 Percentage Change: + 0.57% Day High: 369.7 Day Low: 364.2

Target met. All Tesco needs are mid-price trades ABOVE 370p to improve ac ……..

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

#Brent #US500After an amazing weekend with temperatures hitting 24c here in Argyll, we’re starting to feel we’re in an abusive relationship with the weather. Earlier in the week, constant rain and a low of 4c had us looking at the mountains, expecting a dusting of snow which was thankfully absent. The burst of good weather was interesting but somehow, it also brought autumn to the trees with many turning brown and losing leafs in a few days, while the grass also suddenly started to grow again.

Looking at Natwest share price, we suspect it’s (along with the rest of the retail banking sector) also in an abusive relationship with shareholders, deliberately giving hope, then sharply changing direction. Currently, there has been an immediate warning signal which starts to bother us.

 

The share price, closing on Friday 6th September at 328.4p simply equalled the previous closing price low of a month earlier, at precisely 328.4p. This was an amazing coincidence but unfortunately, it also allowed the closing price to end a session below the Red trend line (see insert). From our perspective, this isn’t a happy signal, one which perhaps suggests the market intends moving in a converse direction despite expected central bank interest rate cuts. While this may feel like it’s against the rules, no-one expects the market to behave in favour of traders in the event of a solid positive happening. After all, how often do folk read in chatrooms of traders fury at a company issuing extremely positive results, only for the market to head in entirely the wrong direction.

For Natwest, it’s now sitting in a zone, where movement to an initial 270 looks possible with our secondary, when broken, at 231p and a probable bottom. However, we’re inclined to suggest playing safe, assuming the previous spike downward to 309p could be regarded as a “safer” trigger level for serious reversals. On the bright side, a stop loss could be emplaced around 330p.

Alternately, if the market intends  a massive practical joke, should the BoE finally do something about absurd interest rates designed to stifle the economy, we need to look at the potentials if Natwest share price intends head upward.

 

Share price movement now above 343p should bring recovery to an initial 347p with our secondary, if beaten, at 364p. Closure above 364 shall now prove significant, turning the page toward a long term attraction for a distant sounding 419p

 

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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
11:24:03PM	BRENT	7141.9	7052	6999	6901	7130	7185	7223	7279	7132
11:28:54PM	GOLD	2496.2								2490
1:06:22AM	FTSE	8160.6								8161
1:15:27AM	STOX50	4728								4732
1:27:17AM	GERMANY	18300.9								18448
1:29:33AM	US500	5416.9	5385	5312	5197	5432	5523	5565	5625	5457
1:32:26AM	DOW	40401.5								40309
1:37:07AM	NASDAQ	18452.1								18439
1:40:55AM	JAPAN	35383								36132

 

6/09/2024 FTSE Closed at 8181 points. Change of 0%. Total value traded through LSE was: £ 4,939,178,824 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…

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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:CAR Carclo** **LSE:EMG MAN** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:IQE IQE** **LSE:PMG Parkmead** **LSE:TLW Tullow** **LSE:TRN The Trainline** **

********

Updated charts published on : Anglo American, B & M, BP PLC, Carclo, MAN, Genel, Gulf Keystone, Glencore Xstra, IQE, Parkmead, Tullow, The Trainline,

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LSE:AAL Anglo American Close Mid-Price: 2024 Percentage Change: -3.71% Day High: 2108 Day Low: 2011.5

Continued weakness against AAL taking the price below 2011.5 calculates a ……..

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LSE:BME B & M Close Mid-Price: 425.3 Percentage Change: -3.36% Day High: 439.8 Day Low: 421.1

Target met. Weakness on B & M below 421.1 will invariably lead to 418p wi ……..

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LSE:BP. BP PLC Close Mid-Price: 405.7 Percentage Change: -1.46% Day High: 410.55 Day Low: 404.95

Target met. In the event BP PLC experiences weakness below 404.95 it calc ……..

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LSE:CAR Carclo. Close Mid-Price: 38.2 Percentage Change: + 2.41% Day High: 40 Day Low: 37.6

In the event of Carclo enjoying further trades beyond 40, the share shoul ……..

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LSE:EMG MAN Close Mid-Price: 207.6 Percentage Change: -2.99% Day High: 215 Day Low: 208.2

If MAN experiences continued weakness below 208.2, it will invariably lea ……..

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LSE:GENL Genel Close Mid-Price: 73.3 Percentage Change: -3.17% Day High: 75 Day Low: 73.1

Continued weakness against GENL taking the price below 73.1 calculates as ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 114.7 Percentage Change: -1.80% Day High: 116.9 Day Low: 113.5

In the event Gulf Keystone experiences weakness below 113.5 it calculates ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 367.1 Percentage Change: -3.23% Day High: 378.4 Day Low: 366.15

Target met. Weakness on Glencore Xstra below 366.15 will invariably lead ……..

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LSE:IQE IQE Close Mid-Price: 23.6 Percentage Change: -7.99% Day High: 25.5 Day Low: 23.5

In the event IQE experiences weakness below 23.5 it calculates with a dro ……..

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LSE:PMG Parkmead Close Mid-Price: 10.5 Percentage Change: -3.45% Day High: 10.88 Day Low: 10.5

Continued weakness against PMG taking the price below 10.5 calculates as ……..

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LSE:TLW Tullow Close Mid-Price: 23.48 Percentage Change: -2.49% Day High: 24.2 Day Low: 23.56

Continued weakness against TLW taking the price below 23.56 calculates as ……..

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LSE:TRN The Trainline Close Mid-Price: 293.8 Percentage Change: -1.48% Day High: 307.6 Day Low: 294.6

In the event The Trainline experiences weakness below 294.6 it calculates ……..

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

FTSE for FRIDAY (FTSE:UKX), a Big Picture Perusal.#FTSE #TFIF  It’s a useful exercise sometimes to step back and review the really big picture. This is often particularly advantageous, when things don’t feel like they are going as planned, a description which is more than apt when applied to the FTSE. So we’ve given a chart with a 30 year review. It’s worth remembering September is usually a pretty foul month on the markets, perhaps because most folk are shaking off their “holiday brain” and having some trouble getting fully involved in work.

A glance at the Big Picture chart shows there is currently a risk below 8240 points risking a push down to 8120 points with our secondary working out at a bottom of 7859 points. Given the index is presently around 8245, these are not massively frightening numbers and the secondary even calculates with colliding against the Red uptrend since 2020. But to cause real panic, the FTSE (from our perspective) needs below 7130 to generate serious concern and the index is actually miles away from such a level.

All this drama conceals the fact the UK index now needs below 5200 points to cause serious fright, below 7859 being the first convincing sign domino’s have started to fall.

Our converse stance, perhaps once September is over with ongoing improvements to interest rates, the FTSE now has the potential for some really strong movement. Visually, above 8500 points now implies a cycle commencing to an initial 9220 points and our secondary works out just over 10,000 points and an almost certain pause for thought. We’re in a ridiculous situation when the FTSE feels rotten but actually, looks great!

 

As for the near term, the FTSE is certainly at near term risk from the coming US payroll numbers, due at 1.30pm on Friday. It’s certainly worth bearing in mind the numbers, generated by government, are liable to be positive, due to the US government wanting to win the Nov 5th election. After all, positive Job Numbers, along with Interest Rate improvements can be flourished as proof the stance by the ruling Democrat government has actually worked, despite plenty of evidence to the contrary.

From an immediate perspective, it seems movement below 8220 risks triggering reversal to an initial 8190 points. Our secondary, should such a level break, calculates at 8120 points. Should this scenario kick into life, the tightest stop is quite wide at 8280 points.

Of course, due to the underlying trend for the FTSE currently being up, our alternate scenario suggests above 8286 points allows recovery to an initial 8319 points with our “longer term” secondary, if beaten, calculating at 8375 points.

Have a good weekend, despite the lack of a Formula One race…

 

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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
10:14:52PM	BRENT	7273	7232	7186		7747	7474	7569
11:32:05PM	GOLD	2516.4	2504	2498		2514	2524	2532			Success
11:35:24PM	FTSE	8230	8215	8198		8256	8266	8313			Shambles
11:34:14PM	STOX50	4811.7	4807	4762		4832	4870	4876			‘cess
11:36:34PM	GERMANY	18589	18505	18455		18600	18681	18717
11:41:29PM	US500	5500.9	5479	5451		5521	5547	5558			‘cess
11:44:21PM	DOW	40800.5	40633	40507		40832	40874	40976
11:46:03PM	NASDAQ	18867.9	18784	18545		19013	19112
11:48:31PM	JAPAN	36891	36438	36235		36791	37126	37260

 

5/09/2024 FTSE Closed at 8241 points. Change of -0.34%. Total value traded through LSE was: £ 5,242,721,349 a change of 2.61%

4/09/2024 FTSE Closed at 8269 points. Change of -0.35%. Total value traded through LSE was: £ 5,109,260,535 a change of 3.53%

3/09/2024 FTSE Closed at 8298 points. Change of -0.78%. Total value traded through LSE was: £ 4,935,106,783 a change of 50.92%

2/09/2024 FTSE Closed at 8363 points. Change of -0.16%. Total value traded through LSE was: £ 3,270,019,742 a change of -47.48%

30/08/2024 FTSE Closed at 8376 points. Change of -0.04%. Total value traded through LSE was: £ 6,226,759,673 a change of 55.63%

29/08/2024 FTSE Closed at 8379 points. Change of 0.43%. Total value traded through LSE was: £ 4,000,918,799 a change of 4.23%

28/08/2024 FTSE Closed at 8343 points. Change of -0.02%. Total value traded through LSE was: £ 3,838,365,101 a change of -20.19%

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

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

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

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

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

---

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:IAG British Airways** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:PHP Primary Health** **LSE:TERN Tern Plc** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **

********

Updated charts published on : Aston Martin, Asos, BP PLC, Carclo, Gulf Keystone, Glencore Xstra, Greggs, British Airways, Marks and Spencer, National Glib, Primary Health, Tern Plc, Tesco, Vodafone,

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LSE:AML Aston Martin. Close Mid-Price: 156.6 Percentage Change: + 3.50% Day High: 159.4 Day Low: 153.1

In the event of Aston Martin enjoying further trades beyond 159.4, the sh ……..

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LSE:ASC Asos. Close Mid-Price: 434 Percentage Change: + 18.06% Day High: 453.8 Day Low: 380

Target met. All Asos needs are mid-price trades ABOVE 453.8 to improve ac ……..

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LSE:BP. BP PLC Close Mid-Price: 411.7 Percentage Change: -0.52% Day High: 415.25 Day Low: 410.6

Target met. Weakness on BP PLC below 410.6 will invariably lead to 407p w ……..

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LSE:CAR Carclo. Close Mid-Price: 37.3 Percentage Change: + 22.30% Day High: 39.6 Day Low: 32

Target met. Further movement against Carclo ABOVE 39.6 should improve acc ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 116.8 Percentage Change: -1.52% Day High: 119.2 Day Low: 116.5

Weakness on Gulf Keystone below 116.5 will invariably lead to 105p with s ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 379.35 Percentage Change: -0.38% Day High: 382.95 Day Low: 376.85

Continued weakness against GLEN taking the price below 376.85 calculates ……..

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LSE:GRG Greggs Close Mid-Price: 3144 Percentage Change: -0.82% Day High: 3200 Day Low: 3132

Continued trades against GRG with a mid-price ABOVE 3200 should improve t ……..

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LSE:IAG British Airways. Close Mid-Price: 188.6 Percentage Change: + 1.32% Day High: 189.95 Day Low: 182.8

Target met. All British Airways needs are mid-price trades ABOVE 190 to ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 345.9 Percentage Change: + 0.35% Day High: 349.4 Day Low: 341.5

Target met. Continued trades against MKS with a mid-price ABOVE 349.4 sho ……..

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LSE:NG. National Glib. Close Mid-Price: 1020.5 Percentage Change: + 1.74% Day High: 1024.5 Day Low: 1004.5

Target met. Further movement against National Glib ABOVE 1024.5 should im ……..

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LSE:PHP Primary Health. Close Mid-Price: 100 Percentage Change: + 1.88% Day High: 100.4 Day Low: 97.65

Further movement against Primary Health ABOVE 100.4 should improve accele ……..

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LSE:TERN Tern Plc Close Mid-Price: 1.25 Percentage Change: -13.79% Day High: 1.4 Day Low: 1.25

Weakness on Tern Plc below 1.25 will invariably lead to 0.75p with second ……..

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LSE:TSCO Tesco. Close Mid-Price: 366.2 Percentage Change: + 0.91% Day High: 368 Day Low: 360.4

Target met. In the event of Tesco enjoying further trades beyond 368, the ……..

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LSE:VOD Vodafone. Close Mid-Price: 78.18 Percentage Change: + 1.82% Day High: 78.64 Day Low: 76.5

Target met. All Vodafone needs are mid-price trades ABOVE 78.64 to improv ……..

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

#Gold #WallSt  Living next door to Europe’s nuclear weapons store, along with the UK’s nuclear fleet often blundering around their home base and primary repair workshop, we’re fairly used to a varied collection of military toys on the water or in the air. But 3am on Tuesday brought something new. The FlightRadar24 website sometimes identifies what just flew overhead but most times, nothing is shown despite the visual evidence of a gang of Chinooks flying low over the sea. Last night, something new was in the sky, the familiar vibration in the air from an approaching helicopter but this time, the silent thrum of an approaching aircraft seemed to go on for ever. As a result, turning off the outside light sensors and wandering around the garden revealed absolutely nothing in the sky. But the vibration in the air continued, the silent focus of the “noise” slowly passing, following the familiar route of military machinery up the valley into the mountains with an echo reminiscent of a washing machine slightly out of balance..

It seems probable the military have a new secret toy, one which certainly didn’t move fast and the vibration of air displacement gave plenty of warning something was “out there”. In terms of speed, it was akin to hearing a gaggle of mid-life-crisis Harley Davidson’s approaching, along with the disappointed realisation anyone watching would be able to write down the 17 digit chassis number of each machine. Living in Argyll, a place where twisty fast roads exist, the majority of visiting motorcycles unfortunately come from America.

Things change and we’ve grown used to it. But Burberry being ejected from the FTSE 100 was a bit of a shock. While as a countryside dweller, we’ve learned to eschew Burberry gear as overpriced tat, now marketed for those who value brand name rather than actual utility. Meanwhile, insurer Hiscox has been elevated from the FTSE 250 to the more prestigious FTSE 100, so perhaps there shall be implications for the share price?

 

To dwell on Burberry first, a company for whom we harbour a grudge due to a white cashmere scarf*, their share price is looking just a little troubling as the reversal cycle which commenced in 2023 doesn’t yet look like it has completed. We’ve drawn a trend line on the chart but do not trust it. From our perspective, the share price needs exceed 1360p before entering the realms of safety and at a current 623p, it feels unlikely.

Below just 620p calculates with the potential of reversal to an initial 467p with our longer term secondary, if broken, at 296p eventually. Relatively speaking, the proximity of these target levels suggests the potential for a bottom which should provoke a bounce hopefully. But for now, we’re not enthusiastic about Burberry.

*As for the white cashmere scarf, I was gifted one as a present and lost it skiing in Meribel in France. Every attempt to buy a replacement failed, the company protesting the product line was no longer stocked. After spending a silly amount for a replacement which was black, within weeks Burberry yet again had the white version in stock.

 

Hiscox are a different kettle of fish. Due to particularly unpleasant experiences with Swinton Insurance, we’ve a bit of a grouch about the insurance industry and Swintons inability to deal with the storms from January of this year, we’ve automatic scepticism about the industry. (Swinton fired their claims handling subcontractor, told no-one about it, all further emails to the subcontractor being ignored.)

Hiscox share price movement above 1219p looks capable of provoking a surge to an initial 1258p with our longer term secondary, if bettered, at 1311p and a game changing potential with an official Higher High. While the initial Big Picture perspective suggests this secondary shall dump the share price into a zone where 1421p exerts an influence, realistically we shall view the price as entering a cycle toward a long term 2063p.

 

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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
11:29:01PM	BRENT	7264
11:34:35PM	GOLD	2494.57	2472	2458	2434	2489	2501	2508	2520	2491	‘cess
11:38:53PM	FTSE	8250.2								8251	‘cess
11:41:47PM	STOX50	4837.6								4844	‘cess
11:44:40PM	GERMANY	18547.7								18575	‘cess
11:51:15PM	US500	5506.9								5518	‘cess
11:04:39PM	DOW	40910	40773	40500	40138	40887	41180	41278	41446	40915	‘cess
11:10:35PM	NASDAQ	18894.4								18932	‘cess
11:13:54PM	JAPAN	36492								37188

 

4/09/2024 FTSE Closed at 8269 points. Change of -0.35%. Total value traded through LSE was: £ 5,109,260,535 a change of 3.53%

3/09/2024 FTSE Closed at 8298 points. Change of -0.78%. Total value traded through LSE was: £ 4,935,106,783 a change of 50.92%

2/09/2024 FTSE Closed at 8363 points. Change of -0.16%. Total value traded through LSE was: £ 3,270,019,742 a change of -47.48%

30/08/2024 FTSE Closed at 8376 points. Change of -0.04%. Total value traded through LSE was: £ 6,226,759,673 a change of 55.63%

29/08/2024 FTSE Closed at 8379 points. Change of 0.43%. Total value traded through LSE was: £ 4,000,918,799 a change of 4.23%

28/08/2024 FTSE Closed at 8343 points. Change of -0.02%. Total value traded through LSE was: £ 3,838,365,101 a change of -20.19%

27/08/2024 FTSE Closed at 8345 points. Change of -100%. Total value traded through LSE was: £ 4,809,416,803 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:AAL Anglo American** **LSE:AFC AFC Energy** **LSE:BP. BP PLC** **LSE:FGP Firstgroup** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:MKS Marks and Spencer** **LSE:TLW Tullow** **LSE:TSCO Tesco** **

********

Updated charts published on : Anglo American, AFC Energy, BP PLC, Firstgroup, Glencore Xstra, British Airways, IQE, Marks and Spencer, Tullow, Tesco,

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LSE:AAL Anglo American Close Mid-Price: 2097.5 Percentage Change: -0.52% Day High: 2111.5 Day Low: 2074

Weakness on Anglo American below 2074 will invariably lead to 1952p possi ……..

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LSE:AFC AFC Energy Close Mid-Price: 12.5 Percentage Change: -0.79% Day High: 12.72 Day Low: 11.7

Target met. Weakness on AFC Energy below 11.7 will invariably lead to 10. ……..

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LSE:BP. BP PLC Close Mid-Price: 413.85 Percentage Change: -0.60% Day High: 419.1 Day Low: 411.1

If BP PLC experiences continued weakness below 411.1, it will invariably ……..

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LSE:FGP Firstgroup. Close Mid-Price: 164.2 Percentage Change: + 4.52% Day High: 164 Day Low: 152

Weakness on Firstgroup below 152 will invariably lead to 151 with seconda ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 380.8 Percentage Change: -1.03% Day High: 383.4 Day Low: 378

If Glencore Xstra experiences continued weakness below 378, it will invar ……..

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LSE:IAG British Airways. Close Mid-Price: 186.15 Percentage Change: + 0.73% Day High: 186.35 Day Low: 182.2

Target met. In the event of British Airways enjoying further trades beyo ……..

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LSE:IQE IQE. Close Mid-Price: 25.8 Percentage Change: + 0.78% Day High: 26.3 Day Low: 24.4

Continued weakness against IQE taking the price below 24.4 calculates as ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 344.7 Percentage Change: + 0.82% Day High: 346 Day Low: 339.1

Further movement against Marks and Spencer ABOVE 346 should improve accel ……..

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LSE:TLW Tullow Close Mid-Price: 24.46 Percentage Change: -0.57% Day High: 24.9 Day Low: 24

In the event Tullow experiences weakness below 24 it calculates with a dr ……..

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LSE:TSCO Tesco. Close Mid-Price: 362.9 Percentage Change: + 0.33% Day High: 364.3 Day Low: 359.2

Further movement against Tesco ABOVE 364.3 should improve acceleration to ……..

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

#FTSE #SP500 The continued rise of ETSY in the UK, along with a few emails asking our opinion on their share price, certainly gave us pause for thought. The e-commerce platform, specialising in selling “stuff” people don’t need, seems to drive folk with 3d printers mad. The problem is quite easy to identify, anyone with a good idea will place an advert in the market place and suddenly, their useful product is replicated by everyone else with 3d printers.

A fairly basic rule of invention is “you cannot patent or copyright an idea!”.  Most folk who’ve been through patent machinations and costs will probably recommend against the process, instead suggesting the person take their idea, write everything out, dig a big hole, and bury it. If the product is so good, first to the market with correct exposure will win, especially if backed by a company with very deep pockets.

From a personal perspective, enthusiastically producing two new products this year had an interesting result. Not a single effort has been made to sell the gadgets but instead, quite a few have been given away to acquaintances. Both devices are medical related, one for managing pills, the other to manage routing of intravenous drip tubes. One of the things they don’t advertise when pushing chemotherapy is the amount of liquid you need to drink. Of course, what goes in comes out again and it’s quite disconcerting, sitting in a treatment chair while plumbed into an IV, when the call of nature makes itself felt. At this point, silent panic kicks in as the tube from the IV has invariably got itself tangled somewhere, thus making a hasty exit from the treatment chair impossible. Trying to concentrate, you unwind the IV tube from the armrest, unplug the machine and toddle quickly to the waiting toilet door while being careful not to catch the wheels of the IV trolley you are guiding carefully. It’s not as hellish as it sounds but watching other patients doing the same, the view is reminiscent of watching a drunk handling a small flight of stairs. Making matters worse, every nurse in the room suddenly behaves like a sheep dog, ready to pounce if a member of their herd does something stupid on the way to the loo.

 

Returning to Etsy, the platform certainly received a lot of stick from folk who’ve clearly spent an age of a 3d design, listed it on Etsy and within a week, found themselves competing with others marketing the identical product, usually at a lesser price as 3d printing is quite low cost. My own pill thing costs around 9p to print, the IV tube device costs under a penny. Neither device could be patented and even copyright would prove difficult.

Etsy share price is looking slightly attractive presently, the price doing a careful limbo dance above the Red line on the chart. We fear, should it move below $51, there’s a very real risk of further reversals down to an initial 44 dollars with our secondary, if broken, at a hopeful bottom of $30. To be blunt, we don’t expect the Red line to hold.

If the share price intends any attempt to impress the market, above 57.5 should prove interesting, allowing a rise to an initial 59.5 with our secondary, if such a level is bettered, working out at $67.

For now, we fear the worst.

 

 

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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
10:49:18PM	BRENT	7362									Success
10:52:25PM	GOLD	2492.63									ditto
10:59:06PM	FTSE	8258	8244	8227	8162	8285	8320	8343	8376	8287	ditto
11:28:32PM	STOX50	4878									ditto
11:32:26PM	GERMANY	18641.9									ditto
11:36:04PM	US500	5525.7	5504	5500	5448	5540	5580	5597	5628	5552	ditto
11:41:25PM	DOW	40938									ditto
11:45:56PM	NASDAQ	18943									ditto
11:49:07PM	JAPAN	37661									ditto

 

3/09/2024 FTSE Closed at 8298 points. Change of -0.78%. Total value traded through LSE was: £ 4,935,106,783 a change of 50.92%

2/09/2024 FTSE Closed at 8363 points. Change of -0.16%. Total value traded through LSE was: £ 3,270,019,742 a change of -47.48%

30/08/2024 FTSE Closed at 8376 points. Change of -0.04%. Total value traded through LSE was: £ 6,226,759,673 a change of 55.63%

29/08/2024 FTSE Closed at 8379 points. Change of 0.43%. Total value traded through LSE was: £ 4,000,918,799 a change of 4.23%

28/08/2024 FTSE Closed at 8343 points. Change of -0.02%. Total value traded through LSE was: £ 3,838,365,101 a change of -20.19%

27/08/2024 FTSE Closed at 8345 points. Change of 0.22%. Total value traded through LSE was: £ 4,809,416,803 a change of 12.18%

26/08/2024 FTSE Closed at 8327 points. Change of -100%. Total value traded through LSE was: £ 4,287,242,825 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:AAL Anglo American** **LSE:AFC AFC Energy** **LSE:AZN Astrazeneca** **LSE:BP. BP PLC** **LSE:GENL Genel** **LSE:IQE IQE** **LSE:MKS Marks and Spencer** **LSE:SBRY Sainsbury** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **

********

Updated charts published on : Anglo American, AFC Energy, Astrazeneca, BP PLC, Genel, IQE, Marks and Spencer, Sainsbury, Tern Plc, Tullow, Tesco, Vodafone,

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LSE:AAL Anglo American Close Mid-Price: 2108.5 Percentage Change: -4.81% Day High: 2191 Day Low: 2103.5

If Anglo American experiences continued weakness below 2103.5, it will in ……..

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LSE:AFC AFC Energy. Close Mid-Price: 12.6 Percentage Change: + 0.00% Day High: 13 Day Low: 12.2

If AFC Energy experiences continued weakness below 12.2, it will invariab ……..

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LSE:AZN Astrazeneca Close Mid-Price: 13190 Percentage Change: -0.65% Day High: 13338 Day Low: 13186

All Astrazeneca needs are mid-price trades ABOVE 13338 to improve acceler ……..

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LSE:BP. BP PLC Close Mid-Price: 416.35 Percentage Change: -3.23% Day High: 429.65 Day Low: 415.75

Target met. Continued weakness against BP. taking the price below 415.75 ……..

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LSE:GENL Genel Close Mid-Price: 75.8 Percentage Change: -5.25% Day High: 80.2 Day Low: 74.6

Weakness on Genel below 74.6 will invariably lead to 70p with secondary ( ……..

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LSE:IQE IQE Close Mid-Price: 25.6 Percentage Change: -7.41% Day High: 28.05 Day Low: 25.45

If IQE experiences continued weakness below 25.45, it will invariably lea ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 341.9 Percentage Change: + 0.59% Day High: 344.2 Day Low: 340.3

All Marks and Spencer needs are mid-price trades ABOVE 344.2 to improve a ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 298.4 Percentage Change: + 0.81% Day High: 299 Day Low: 296.2

Target met. All Sainsbury needs are mid-price trades ABOVE 299 to improve ……..

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LSE:TERN Tern Plc Close Mid-Price: 1.5 Percentage Change: -11.76% Day High: 1.7 Day Low: 1.4

In the event Tern Plc experiences weakness below 1.4 it calculates with a ……..

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LSE:TLW Tullow Close Mid-Price: 24.6 Percentage Change: -6.82% Day High: 27 Day Low: 24.58

Target met. Weakness on Tullow below 24.58 will invariably lead to 21.5p ……..

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LSE:TSCO Tesco. Close Mid-Price: 361.7 Percentage Change: + 1.57% Day High: 363.2 Day Low: 357.8

Target met. Continued trades against TSCO with a mid-price ABOVE 363.2 sh ……..

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LSE:VOD Vodafone. Close Mid-Price: 75.66 Percentage Change: + 0.05% Day High: 76.62 Day Low: 75.36

Target met. In the event of Vodafone enjoying further trades beyond 76.62 ……..

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

#Gold #DOWJONES  Our last review of this was around 3 weeks ago, yet a bunch of emails asking for an update arrived. The issue is, against our expectations, the share price triggered a reversal cycle, hitting then breaking our secondary drop target of 911p. Like everyone, we like the 911 but this particular price level broke without too much fuss a couple of days ago. Perhaps we have a bias which favours the 911p level.

 

At around 21 years old, the writer purchased a Porsche 911, a yellow car which had just about everything wrong except the price. Back then, spending £2000 on a terrible car was quite a waste of money, especially as I was earning just £1.50 per hour working for my notoriously parsimonious family business. On the bright side, I had full access to workshops, full access to a body shop, free insurance and fuel, free servicing, and perhaps critically, I had created the busiest Scottish parts department for our franchise, other dealers often choosing to order from us rather than the importers in Luton. In my defence, being mechanically trained made a heck of a difference and it was fairly easy to spot a trend of things failing on vehicles, working on the basis everyone would soon be needing “wiper motors”, “cam chains etc”, or headlamps loosing their reflectivity! The last one was a favourite, no-one seeming capable of noticing the Fiat 7 inch headlamp was identical to the UK item fitted to Mini’s, Landrover, VW, Porsche, probably Shopping Trolleys if UK manufacturers could get away with it. We even sourced a fantastic product from Ferrari, a 7 inch lamp which could take two powerful halogen bulbs, totally illegal in the UK but very popular with our customers.

Long story short, by the time it was finished, my yellow 911 was now a black 911, complete with big spoiler and flared wheel arches, visually identical to a Porsche 911 Turbo. The car was a lot of fun and as a 21 year old, I was totally unworthy of it but enjoyed the jealousy of everyone else. Thankfully, no-one ran an audit on just how much was spent maintaining the car as I’d stretched “free servicing” to ridiculous levels. Our MD, fed up running around in a 3ltr Opel, had ordered something called a Panther J72, most folk assuming my clapped out Porsche provoked him. It is interesting to note, when I checked the MoT status of that 911 tonight, it’s still on the go somewhere in the UK, whereas the Panther doesn’t seem to exist… In fairness, that Panther J72 is probably living its best life outside the UK.

 

Anyway, this perhaps illustrates why a personal bias favouring the number 911 exists. And utter distaste for any number from Peugeot…

 

There’s little doubt DEC’s share price is misbehaving, something of a surprise for the company which is the Largest Owner of Oil Wells in North America. To be honest, they have form for buying oil wells at their end of life at a knock down price. The reason for the knock down price comes from the accepted cost of decommissioning an oil well but Diversified Energy claim to be substantially undercutting the price to shut everything off and make it safe. As a result, they are able to create “book” values which exceed their actual operational profit, simply by buying empty wells which need made safe. It creates a situation where the company have been showing something purchased for, ie; $10,000 as now worth $50,000, due to Diversified’s method of making the wells safe creating a valuable bank of land.

Earlier, we mentioned the break below 911 bothers us as it has created a situation where below 885 now calculates with the potential of reversal to an initial 758 with our secondary, if broken, at 608p and hopefully a proper bounce, despite 608 being a Peugeot number!

If things intend suddenly go right for Diversified, the share price needs currently exceed 983p to give some hope as recovery to an initial 1080 looks possible with our secondary, if bettered, at 1318p and the potential of a sea change in the companies fortunes.

 

Unfortunately, for now, any idea of “averaging down” looks fraught with danger

 

 

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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
11:51:57PM	BRENT	7721.9
11:59:02PM	GOLD	2497.27	2490	2488	2474	2501	2508	2514	2522	2498
12:03:10AM	FTSE	8364.8									‘cess
12:11:50AM	STOX50	4965.5									‘cess
12:16:17AM	GERMANY	18915.4									Success
12:20:00AM	US500	5644.5
12:23:46AM	DOW	41481	41425	41365	41292	41491	41565	41589	41738	41461
12:26:18AM	NASDAQ	19520
12:30:01AM	JAPAN	38746

 

2/09/2024 FTSE Closed at 8363 points. Change of -0.16%. Total value traded through LSE was: £ 3,270,019,742 a change of -47.48%

30/08/2024 FTSE Closed at 8376 points. Change of -0.04%. Total value traded through LSE was: £ 6,226,759,673 a change of 55.63%

29/08/2024 FTSE Closed at 8379 points. Change of 0.43%. Total value traded through LSE was: £ 4,000,918,799 a change of 4.23%

28/08/2024 FTSE Closed at 8343 points. Change of -0.02%. Total value traded through LSE was: £ 3,838,365,101 a change of -20.19%

27/08/2024 FTSE Closed at 8345 points. Change of 0.22%. Total value traded through LSE was: £ 4,809,416,803 a change of 12.18%

26/08/2024 FTSE Closed at 8327 points. Change of 0.47%. Total value traded through LSE was: £ 4,287,242,825 a change of -9.07%

22/08/2024 FTSE Closed at 8288 points. Change of -100%. Total value traded through LSE was: £ 4,714,962,713 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…

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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:FOXT Foxtons** **LSE:GRG Greggs** **LSE:SBRY Sainsbury** **LSE:TERN Tern Plc** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **

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Updated charts published on : Foxtons, Greggs, Sainsbury, Tern Plc, The Trainline, Tesco,

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LSE:FOXT Foxtons Close Mid-Price: 62 Percentage Change: -1.90% Day High: 63.4 Day Low: 60.8

If Foxtons experiences continued weakness below 60.8, it will invariably ……..

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LSE:GRG Greggs Close Mid-Price: 3160 Percentage Change: -0.75% Day High: 3198 Day Low: 3146

In the event of Greggs enjoying further trades beyond 3198, the share sho ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 296 Percentage Change: + 1.23% Day High: 295.8 Day Low: 292.6

Target met. In the event of Sainsbury enjoying further trades beyond 295. ……..

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LSE:TERN Tern Plc Close Mid-Price: 1.7 Percentage Change: -10.53% Day High: 1.9 Day Low: 1.6

Continued weakness against TERN taking the price below 1.6 calculates as ……..

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LSE:TRN The Trainline. Close Mid-Price: 304.6 Percentage Change: + 1.53% Day High: 306 Day Low: 295.2

Target met. Weakness on The Trainline below 295.2 will invariably lead to ……..

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LSE:TSCO Tesco. Close Mid-Price: 356.1 Percentage Change: + 0.68% Day High: 356.9 Day Low: 353.3

Target met. All Tesco needs are mid-price trades ABOVE 356.9 to improve a ……..

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