Author: T&T Staff

#brent #Nasdaq  Over the last few years, we’ve bitched non-stop about the efforts being made by companies indulging in “shrinkflation”. When my wife took advantage of an special offer for a 24 pack of Andrex – and the supermarket substituted it with another type of Andrex 24 pack for delivery when loading the toilet paper shelf. As shown on the snapshot, three current Andrex rolls were required to take the place of just two rolls. We can surmise the next Andrex Puppy shall be a cute Chihuahua with stepladders.

This sort of thing is redolent of the nonsense of “share price consolidation”, ultimately trying to trick inexperienced investors and headline writers that Less is More. Folk trapped in shares like Natwest (10/1), Aston Martin (20/1), or Gulf Keystone (100/1) remain painfully aware of the result of this market strategy. Thankfully, Barclays Plc, despite a lethargic time since the financial crash of 2009 has not seen the need to indulge their share price in any form if share price mangling but we do with the markets would discover an excuse to propel the price above 400p into game changing territory.

 

There are some early signs this sort of miracle is possible with Barclays. On the chart is a Blue downtrend which dates back to 2007. Back in February this year, the market opted to gap Barclays up above this trend (circled), ticking the first box in a required list to show the trend may have changed. Performance in the months since has seen Barclays grow from February’s 150p to a high of 241p at the start of August, a rise of just over 60% which can’t be sneezed at. Despite current fun and games, we’re far from convinced the rising cycle is complete,  suspecting above just 234.1p shall be sufficient to provoke gains to an initial 252 with our secondary, if beaten, at 263p and the need for the share price to close at or above such a level.

We shall regard such an occasion as important, dumping the price into a Big Picture cycle which hopes to illustrate 361p as a future target with our secondary, if bettered, at 411p where the share price shall find itself in game changing territory.

Any attempt to slow things down require Barclays share price taken below 200p, suggesting reversal to 182p and a very possible bounce.

 

 

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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
12:33:16AM	BRENT	8402.5	8339	8311	8274	8370	8422	8438	8481	8392
1:15:12AM	GOLD	2502.91	2495	2488	2474	2512	2530	2540	2555	2503
1:18:31AM	FTSE	8402.5	8364	8353	8330	8385	8411	8419	8437	8379
1:20:55AM	STOX50	4966.2	4942	4933	4917	4960	4982	4999	5018	4967
1:53:49AM	GERMANY	18942.4	18855	18840	18796	18898	18972	18984	19027	18922
10:10:12PM	US500	5642.4	5581	5570	5543	5615	5651	5670	5699	5624
10:12:33PM	DOW	41545.9	41141	41000	40805	41304	41563	41592	41742	41329
10:14:34PM	NASDAQ	19541	19319	19301	19208	19448	19583	19655	19767	19443
10:17:50PM	JAPAN	39039	38419	38194	37903	38634	39058	39075	39367	38916

 

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 0.06%. Total value traded through LSE was: £ 4,714,962,713 a change of -13.14%

21/08/2024 FTSE Closed at 8283 points. Change of 0.12%. Total value traded through LSE was: £ 5,428,290,323 a change of 49.7%

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:AZN Astrazeneca** **LSE:ECO ECO (Atlantic) O & G** **LSE:IAG British Airways** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **

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Updated charts published on : Astrazeneca, ECO (Atlantic) O & G, British Airways, Marks and Spencer, Ocado Plc, Sainsbury, Tesco,

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LSE:AZN Astrazeneca. Close Mid-Price: 13274 Percentage Change: + 0.00% Day High: 13312 Day Low: 13220

In the event of Astrazeneca enjoying further trades beyond 13312, the sha ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 13.2 Percentage Change: + 5.60% Day High: 13.62 Day Low: 12.75

Target met. All ECO (Atlantic) O & G needs are mid-price trades ABOVE 14p ……..

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LSE:IAG British Airways Close Mid-Price: 183 Percentage Change: -0.22% Day High: 184 Day Low: 182.3

Further movement against British Airways ABOVE 184 should improve accele ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 342.2 Percentage Change: + 0.53% Day High: 343.4 Day Low: 339.9

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

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LSE:OCDO Ocado Plc. Close Mid-Price: 341.2 Percentage Change: + 0.98% Day High: 343.3 Day Low: 336

This just isn’t playing fair, needing above 400 to now indicate recovery t ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 292.4 Percentage Change: + 0.76% Day High: 294.4 Day Low: 290.2

Target met. Further movement against Sainsbury ABOVE 294.4 should improve ……..

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LSE:TSCO Tesco. Close Mid-Price: 353.7 Percentage Change: + 0.34% Day High: 354.6 Day Low: 351.5

In the event of Tesco enjoying further trades beyond 354.6, the share sho ……..

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

#Friday #Gold  Walking with the dogs on Thursday, trying hard to forget I was going to be required to produce my “Ftse for Friday” article, attempting to give it some accuracy on a Friday which is the last day of the month, some welcome distraction happened. Firstly, in a truly unusual event, the sun came out and illuminated a massive herd of birds doing low flying exercises over the field of hay and wild flowers, presumably harvesting a feast of insects. Secondly, as we meandered through the pastoral scene in a Scottish glen, surrounded by mountains, the background volume came from bagpipes.

The whole thing rapidly felt like a cliché, a vision tourists expect to see and hear, and to be honest, one of the very few times the sound of Scotlands national instrument actually worked really well. Abruptly, the sound stopped, replaced by a stream of really angry profanity.  Eventually, the bagpipe music restarted, the unseen player managing to make it past the difficult bit without throwing a tantrum. Eventually, the penny dropped as it’s the Cowal Highland Games this week, a fairly major event locally which has dwindled in popularity due to predatory pricing by the organisers. It used to be the case the area was mobbed in the week of the games, this year the only thing which alerted me was a eloquent piper practising near my dog walk route.

Absolutely no inspiration was provided, other than a suspicion whatever drove the FTSE on Thursday shared some sort of sentiment with my distant piper.

The problem comes from the Blue line on the chart. It looks like a fairly valid downtrend since May of this year and when we ran the numbers against it, the FTSE has to close the session on Thursday above 8379.523 to prove the index is heading up. On Thursday, the FTSE closed at 8379.64 points, above the Blue trend line by just 0.117 of a point. Are we supposed to be wriggling with optimism for Friday?

 

Our inclination is to play safe, suggesting a scenario where above 8401 points has an initial target of 8457 points, a level where some hesitation looks possible. Should such a level be exceeded, we can calculate a future 8638 points as a valid target. For this, we suspect it shall be dependent on interest rate cuts during September.

However, our alternate scenario for slight reversals feels more possible as weakness below 8336 produces an immediate target at 8322 points with our secondary, if broken, at 8290 points. Such movement would effectively park the index around the level it opened August, creating a situation where “nothing happened” becomes a viable excuse, when the grown ups return from holiday to manage the markets!

 

On the other hand, it’s the Monza Grand Prix this weekend, generally quite chaotic. The McLaren “Safety Car” has already been crashed and written off, when practising which bodes well for an interesting race.

Have a good weekend.

 

 

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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
11:39:05PM	BRENT	7970.3	7706	7526		7954	7954	8006		7822
11:42:53PM	GOLD	2520.98	2504	2499		2521	2530	2534		2520	Success
10:48:56PM	FTSE	8400.4	8354	8327		8390	8420	8439		8393	‘cess
10:53:19PM	STOX50	4946.2	4885	4854		4918	4984	5038		4941	‘cess
10:57:23PM	GERMANY	18848.8	18752	18688		18828	18974	19062		18824	‘cess
11:01:27PM	US500	5600.1	5585	5579		5612	5648	5667		5603	Success
11:10:11PM	DOW	41337	41063	40837		41196	41585	41640		41350	Success
11:15:18PM	NASDAQ	19378.4	19275	19265		19410	19639	19815		19473	‘cess
11:18:23PM	JAPAN	38452	38149	38080		38405	38839	38946		38596	Success

 

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 0.06%. Total value traded through LSE was: £ 4,714,962,713 a change of -13.14%

21/08/2024 FTSE Closed at 8283 points. Change of 0.12%. Total value traded through LSE was: £ 5,428,290,323 a change of 49.7%

20/08/2024 FTSE Closed at 8273 points. Change of -100%. Total value traded through LSE was: £ 3,626,221,676 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:AFC AFC Energy** **LSE:AV. Aviva** **LSE:AZN Astrazeneca** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:SBRY Sainsbury** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **

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Updated charts published on : AFC Energy, Aviva, Astrazeneca, Marks and Spencer, National Glib, Sainsbury, The Trainline, Tesco,

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LSE:AFC AFC Energy Close Mid-Price: 12.6 Percentage Change: -3.08% Day High: 13.5 Day Low: 12.5

Target met. In the event AFC Energy experiences weakness below 12.5 it ca ……..

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LSE:AV. Aviva. Close Mid-Price: 506 Percentage Change: + 0.16% Day High: 508.2 Day Low: 502.6

In the event of Aviva enjoying further trades beyond 508.2, the share sho ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 13274 Percentage Change: + 0.56% Day High: 13290 Day Low: 13164

Further movement against Astrazeneca ABOVE 13290 should improve accelerat ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 340.4 Percentage Change: + 0.50% Day High: 342 Day Low: 337.4

Continued trades against MKS with a mid-price ABOVE 342 should improve th ……..

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LSE:NG. National Glib Close Mid-Price: 991.6 Percentage Change: -1.28% Day High: 1007.5 Day Low: 990.2

Continued trades against NG. with a mid-price ABOVE 1007.5 should improve ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 290.2 Percentage Change: + 0.48% Day High: 291.2 Day Low: 289.2

Continued trades against SBRY with a mid-price ABOVE 291.2 should improve ……..

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LSE:TRN The Trainline Close Mid-Price: 301.2 Percentage Change: -0.66% Day High: 305 Day Low: 298.2

If The Trainline experiences continued weakness below 298.2, it will inva ……..

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LSE:TSCO Tesco. Close Mid-Price: 352.5 Percentage Change: + 1.21% Day High: 353.1 Day Low: 348.9

Target met. Further movement against Tesco ABOVE 353.1 should improve acc ……..

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

#FTSE #Nasdaq  For a long time, we’d thought Helium1 Global were “it” with regard supply of the gas to inflate the worlds shortfall. However, an email asking our opinion on on Helix disabused us of this notion, thankfully giving another player in the marketplace to keep an eye on. Thankfully, Helix operate in Montana, one of the nicer states in North America with truly useful ski resorts and extremely friendly people who generally don’t mistake a Scottish accent as being an Irish one. Perhaps it’s the Canadian influence from their northern border. From a geological viewpoint, the mountains in Montana don’t have the boring aspect as those in Colorado, where the mountain “just” look like big worn down hills while Montana offers proper spiky peaks. But on the downside, skiing requires proper cold weather gear as you’ll be wearing it at night, if going out.

 

Listed on the UK AIM market since April 2024, we’re understandably cautious with any optimism as the share price hasn’t yet followed the usual trajectory of a new listing. In the case of HEX, this is a broad anticipation a price which listed at 10p would peak at 28p, before again reversing to just above the listing level. To be fair, Hex has followed a pretty unusual path, so perhaps some hope can be available as it doesn’t need to turn cartwheels to enter a proper climbing cycle.

Something almost interesting has been happening with the share closing price since May of this year. The Red uptrend has adhered to our rules, yet by closing at 19.7p on Wed 28th Aug, it looks like the share price dunked against the trend but in reality, the trend is at 18.988p, creating a situation where the market may be quite careful with any negative signals produced. It is certainly now the case, where movement below 19p would cause an issue, allowing reversal to an initial 14.7p with our secondary, if broken, at 10.4p and hopefully a proper bounce.

 

However, if things intend go right for Hex, above 24.5p is needed to impress us as this risks triggering gains to an initial 27.9 with our longer term secondary, if bettered, at 33p and a desperate need for us to revisit the share price. For this one, our inclination is to keep an eye open for gains being triggered.

 

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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
11:00:43PM	BRENT	7737.4									‘cess
11:05:52PM	GOLD	2507.03
11:29:24PM	FTSE	8320.2	8310	8275	8240	8344	8369	8394	8445	8315	‘cess
11:32:39PM	STOX50	4888.4									‘cess
11:35:14PM	GERMANY	18712
11:37:51PM	US500	5552.9									Success
11:44:57PM	DOW	41083.5									Success
12:04:00AM	NASDAQ	19138	19082	19054	18759	19228	19418	19547	19702	19167
11:07:11PM	JAPAN	37976									Shambles

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 0.06%. Total value traded through LSE was: £ 4,714,962,713 a change of -13.14%

21/08/2024 FTSE Closed at 8283 points. Change of 0.12%. Total value traded through LSE was: £ 5,428,290,323 a change of 49.7%

20/08/2024 FTSE Closed at 8273 points. Change of -0.99%. Total value traded through LSE was: £ 3,626,221,676 a change of -7.78%

19/08/2024 FTSE Closed at 8356 points. Change of -100%. Total value traded through LSE was: £ 3,932,181,241 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:AFC AFC Energy** **LSE:AZN Astrazeneca** **LSE:ECO ECO (Atlantic) O & G** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:MKS Marks and Spencer** **LSE:TLW Tullow** **

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Updated charts published on : AFC Energy, Astrazeneca, ECO (Atlantic) O & G, British Airways, IG Group, Marks and Spencer, Tullow,

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LSE:AFC AFC Energy Close Mid-Price: 13 Percentage Change: -4.13% Day High: 14 Day Low: 12.86

Continued weakness against AFC taking the price below 12.86 calculates as ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 13200 Percentage Change: + 0.32% Day High: 13254 Day Low: 13146

Continued trades against AZN with a mid-price ABOVE 13254 should improve ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 12.75 Percentage Change: + 4.08% Day High: 13 Day Low: 12.25

In the event of ECO (Atlantic) O & G enjoying further trades beyond 13, t ……..

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LSE:IAG British Airways Close Mid-Price: 182.05 Percentage Change: -0.65% Day High: 183.75 Day Low: 181.65

Continued trades against IAG with a mid-price ABOVE 183.75 should improve ……..

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LSE:IGG IG Group. Close Mid-Price: 992 Percentage Change: + 0.61% Day High: 995 Day Low: 984.5

Target met. In the event of IG Group enjoying further trades beyond 995, ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 338.7 Percentage Change: + 0.21% Day High: 341.3 Day Low: 338

Target met. Further movement against Marks and Spencer ABOVE 341.3 should ……..

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LSE:TLW Tullow Close Mid-Price: 26.52 Percentage Change: -2.86% Day High: 27.34 Day Low: 26.44

Target met. If Tullow experiences continued weakness below 26p, it will i ……..

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

#Gold #SP500  A chum works in Customer Complaints at a corporate level with one of the major supermarket chains and he tells me the most common complaint in recent months, has NOT been about prices, nor self scan checkouts. Instead (quite gratifyingly) the most common moan has been about these annoying bits of plastic attaching the lid of plastic bottles to the bottle. It certainly makes taking a sip from a small bottle of Fanta fraught with danger when driving as it risks arriving with a stained shirt at best or at worst, trousers which look like they didn’t make it to the loo. If the UK is indeed out of Europe, why has this nonsense Green rule been inflicted on our country?

Personally, perhaps falling into line with the rules intentions, the use of a 3/4 litre Stanley mug with a straw has become the norm, filled either with diluting supermarket orange or, if early in the day, a massive latte! Either way, the product stays at temperature and more importantly, also stays in the big container. The only problem is you accidentally become part of the lanyard mob, in an elevator with a gang of folk clutching their own version of your mug, some of which are even accessorised to look glitzy. I never thought a tarted up vacuum flask would become a status symbol, like a fancy handbag, and I refuse to apologise for my own drab black mug.

But thinking about it, there’s a reasonable chance the idiotic EU rule on bottle tops has contributed to a drop in soft drink sales.

 

It looks like Tesco’s position as one of the leading price gougers in retail has secured their income levels, to a point where something quite surprising has been happening this year. Their share price looks like it intends to continue the run of positive energy it has experienced this year.

Near term, it looks like movement above 352.09p should promote further gains to an initial 360p with our “longer term” secondary, if bettered, calculating at a future 380p and some very possible hesitation. We suggest watching for the market gapping the price UP at the open anytime soon as this shall denote an intention of probably exceeding 380p. What’s amazing about this scenario is it takes the share price into a Big Picture zone, where a long term 486 becomes possible, matching the highs of 2008.

If things intend go very wrong for Tesco, below 306p looks like the most dangerous trigger level, allowing weakness to an initial 287 with our secondary, if broken, at 251p and hopefully a bounce.

 

 

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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
10:48:19PM	BRENT	7891
10:50:23PM	GOLD	2525.49	2494	2491	2479	2520	2528	2546	2571	2504
10:53:58PM	FTSE	8344.6									Success
10:56:12PM	STOX50	4892.8
11:01:24PM	GERMANY	18668
11:07:30PM	US500	5618.3	5594	5576	5551	5632	5652	5713	5802	5603
11:10:42PM	DOW	41237.6									Success
11:13:23PM	NASDAQ	19532
11:40:54PM	JAPAN	38158									‘cess

 

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 0.06%. Total value traded through LSE was: £ 4,714,962,713 a change of -13.14%

21/08/2024 FTSE Closed at 8283 points. Change of 0.12%. Total value traded through LSE was: £ 5,428,290,323 a change of 49.7%

20/08/2024 FTSE Closed at 8273 points. Change of -0.99%. Total value traded through LSE was: £ 3,626,221,676 a change of -7.78%

19/08/2024 FTSE Closed at 8356 points. Change of 0.54%. Total value traded through LSE was: £ 3,932,181,241 a change of -1.04%

16/08/2024 FTSE Closed at 8311 points. Change of -100%. Total value traded through LSE was: £ 3,973,574,909 a change of 0%

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

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

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

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

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

---

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:AZN Astrazeneca** **LSE:ECO ECO (Atlantic) O & G** **LSE:GKP Gulf Keystone** **LSE:GRG Greggs** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:TSCO Tesco** **

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Updated charts published on : AFC Energy, Astrazeneca, ECO (Atlantic) O & G, Gulf Keystone, Greggs, British Airways, IG Group, Sainsbury, Spirax, Tesco,

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LSE:AFC AFC Energy Close Mid-Price: 13.56 Percentage Change: -0.59% Day High: 13.98 Day Low: 13

Target met. Weakness on AFC Energy below 13 will invariably lead to 12.6p ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 13158 Percentage Change: + 0.63% Day High: 13238 Day Low: 13136

All Astrazeneca needs are mid-price trades ABOVE 13238 to improve acceler ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 12.25 Percentage Change: + 5.38% Day High: 12.75 Day Low: 11.62

Continued trades against ECO with a mid-price ABOVE 12.75 should improve ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 128.1 Percentage Change: + 0.16% Day High: 131.4 Day Low: 127.4

Further movement against Gulf Keystone ABOVE 131.4 should improve acceler ……..

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LSE:GRG Greggs Close Mid-Price: 3160 Percentage Change: -0.50% Day High: 3196 Day Low: 3146

Further movement against Greggs ABOVE 3196 should improve acceleration to ……..

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LSE:IAG British Airways. Close Mid-Price: 183.25 Percentage Change: + 1.98% Day High: 183.2 Day Low: 178.15

Target met. All British Airways needs are mid-price trades ABOVE 183.2 t ……..

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LSE:IGG IG Group. Close Mid-Price: 986 Percentage Change: + 0.92% Day High: 985 Day Low: 972.5

Continued trades against IGG with a mid-price ABOVE 985 should improve th ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 288 Percentage Change: + 0.14% Day High: 289.4 Day Low: 284.8

Target met. All Sainsbury needs are mid-price trades ABOVE 289.4 to impro ……..

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LSE:SPX Spirax. Close Mid-Price: 7340 Percentage Change: + 0.41% Day High: 7360 Day Low: 7230

Continued weakness against SPX taking the price below 7230 calculates as ……..

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LSE:TSCO Tesco. Close Mid-Price: 351.7 Percentage Change: + 0.74% Day High: 351.9 Day Low: 348.3

Continued trades against TSCO with a mid-price ABOVE 351.9 should improve ……..

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

#brent #Japan  A Scottish politician actually said something truthful and accurate over the weekend. “After a ‘summer’ like this, the Scots should be asking for their money back!” Quite literally, on Saturday morning, a breath of the air here in Argyll provoked a glance to the mountains, expecting to see a dusting of snow. We’ve now had the heating on since the middle of August as any excuse for short sleeves has vanished. But as for Lloyds, things still look capable of heating up…

One of our favourite “charty” signals is given, when a share price exceeds the level of a prior trend break. Lloyds managed this exquisite trick on August 15th, when the share price managed to exceed 57p, usually a pretty certain signal of imminent gains. To double up on the potential, Lloyds also exhibited a Gap Down/Gap Up manoeuvre earlier in August, something we always bang on about as being a precursor for positive movement. Both these little pixy dust signals do produce a little problem, essentially a risk of the share price gains running out at 61.8p or so.

 

For Lloyds, closure above 61.8p should now be quite significant, literally to the point of being game changing, as it shall signal a complete change in the share price behaviour. Such an event calculates with the potential of a lift to an initial 68.5p with our longer term secondary, if bettered, calculating at 71.9p and a price level where some hesitation can be anticipated.

If some trouble is scheduled, the share price now needs below 55p to risk problems, working out with the potential of reversal to an initial 51p with our secondary, if broken, at 47p

 

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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
1:13:00AM	BRENT	8013.9	7856	7795	7708	7996	8059	8096	8288	7877
1:16:54AM	GOLD	2514.57								2515
1:18:48AM	FTSE	8349.8								8323
1:20:43AM	STOX50	4894.7								4888
1:23:16AM	GERMANY	18631.2								18547
1:25:46AM	US500	5616.9								5584
1:28:15AM	DOW	41222.1								41142
1:31:32AM	NASDAQ	19509								19632
1:33:48AM	JAPAN	38051	37826	37686	37347	38131	38302	38473	38670	38140

 

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 0.06%. Total value traded through LSE was: £ 4,714,962,713 a change of -13.14%

21/08/2024 FTSE Closed at 8283 points. Change of 0.12%. Total value traded through LSE was: £ 5,428,290,323 a change of 49.7%

20/08/2024 FTSE Closed at 8273 points. Change of -0.99%. Total value traded through LSE was: £ 3,626,221,676 a change of -7.78%

19/08/2024 FTSE Closed at 8356 points. Change of 0.54%. Total value traded through LSE was: £ 3,932,181,241 a change of -1.04%

16/08/2024 FTSE Closed at 8311 points. Change of -0.43%. Total value traded through LSE was: £ 3,973,574,909 a change of -9.98%

15/08/2024 FTSE Closed at 8347 points. Change of -100%. Total value traded through LSE was: £ 4,413,998,964 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:MMAG Music Magpie** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Music Magpie, Sainsbury, Spirax, The Trainline, Tesco, Taylor Wimpey,

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LSE:MMAG Music Magpie. Close Mid-Price: 5.75 Percentage Change: + 0.00% Day High: 5.75 Day Low: 5.75

It seems above 6.25 should now prove slightly useful, giving the potential ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 287.6 Percentage Change: + 1.55% Day High: 286.4 Day Low: 283.2

In the event of Sainsbury enjoying further trades beyond 286.4, the share ……..

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LSE:SPX Spirax. Close Mid-Price: 7310 Percentage Change: + 0.27% Day High: 7360 Day Low: 7260

Weakness on Spirax below 7260 will invariably lead to 7197p with secondar ……..

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LSE:TRN The Trainline Close Mid-Price: 303.2 Percentage Change: -0.72% Day High: 307.4 Day Low: 302.4

Continued weakness against TRN taking the price below 302.4 calculates as ……..

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LSE:TSCO Tesco. Close Mid-Price: 349.1 Percentage Change: + 0.72% Day High: 349.9 Day Low: 345.9

All Tesco needs are mid-price trades ABOVE 349.9 to improve acceleration ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 165.85 Percentage Change: + 1.00% Day High: 166.4 Day Low: 164.05

Further movement against Taylor Wimpey ABOVE 166.4 should improve acceler ……..

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

#FTSE #Gold With us approaching the last Bank Holiday of the year before Xmas, there’s been plenty of reason to end the week with a grin. News of the new CEO for Starbucks commuting by private jet 1,000 miles from California to Seattle, rather than relocate is a cracker. Just remember this, when you are fined 25p in Scotland for not having a reusable mug for your takeaway coffee! Additionally, it was amusing watching the various, often contradictory, reasons being trotted out for the movement between the US Dollar and UK Sterling. The cause was variously something to do with US interest rates not being cut or perhaps enthusiasm over a forthcoming cut in rates during September. But it may have been treasury bonds or maybe something to do with the Democrats convention in Chicago.

One thing none of them appear to have noticed is the Cable pairing recently broke through the downtrend since since 2007 and it now sits in a zone where our next target level is at 1.3300. Perhaps it shall be the case where the UK will once again announce a rate cut during September.

However, as the month draws to an end, some normality is expected from the Dutch Grand Prix this weekend, doubtless with a wet circuit to judge by weather forecasts. Hopefully this shall lead to an interesting race, along with a viable excuse not to cut our grass here in Argyll.

 

Returning to the UK and the FTSE, our suspicion of the market finding the idea of breaking above Blue being a difficult concept during August appears to be borne out, the index carefully remaining below the trend line. Presumably, once the grown ups come back from holiday in September, any breakout upward shall prove quite vivid, especially if backed by the UK trying to return interest rates to sane levels. As always, we have a fly in the ointment due to the index spending this week without any “test” of the Blue line, instead remaining just below it. When we see this sort of thing happen with shares, invariably it ends badly, almost as if the markets were trying to sucker traders into opening short positions. Obviously, this sort of thing would never happen as it would call into question the integrity of the marketplace…

Currently, we calculate the FTSE needs exceed 8374 points to discover a route to an initial 8466 points with our longer term secondary, if bettered, at 8649 points. With the FTSE currently around 8290 points, this certainly leaves plenty of room for the market to do nothing before September kicks off. As for where any stop loss level should be, we’re a little clueless as the Risk/Reward computation suggests at least 100 points as a safety net!

Our alternate scenario, if everything is to remain “parked” until the end of the month, allows weakness below 8261 to provoke reversals to an initial 8227 points with our secondary, if broken, at 8177 points. Our conclusion is the markets are like the weather currently, utterly horrid.

Have a good long weekend. We shall return on Tuesday.

 

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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
11:23:38PM	BRENT	7643	7529	7451		7592	7773	7833		7643	Success
10:31:30PM	GOLD	2484.38	2471	2464		2487	2487	2492		2476	‘cess
10:35:06PM	FTSE	8284.2	8263	8239		8282	8301	8334		8275	‘cess
10:37:39PM	STOX50	4869	4863	4848		4879	4894	4902		4871	Success
10:41:00PM	GERMANY	18465.7	18433	18388		18479	18505	18513		18460	Success
10:44:09PM	US500	5583.7	5562	5539		5586	5596	5602		5571	‘cess
10:47:29PM	DOW	40785	40576	40470		40750	41043	41126		40853	Success
10:51:48PM	NASDAQ	19553	18461	19452		19590	19655	19712		19532	Success
10:55:29PM	JAPAN	38169	37953	37704		38212	38314	38330		38093	‘cess

 

22/08/2024 FTSE Closed at 8288 points. Change of 0.06%. Total value traded through LSE was: £ 4,714,962,713 a change of -13.14%

21/08/2024 FTSE Closed at 8283 points. Change of 0.12%. Total value traded through LSE was: £ 5,428,290,323 a change of 49.7%

20/08/2024 FTSE Closed at 8273 points. Change of -0.99%. Total value traded through LSE was: £ 3,626,221,676 a change of -7.78%

19/08/2024 FTSE Closed at 8356 points. Change of 0.54%. Total value traded through LSE was: £ 3,932,181,241 a change of -1.04%

16/08/2024 FTSE Closed at 8311 points. Change of -0.43%. Total value traded through LSE was: £ 3,973,574,909 a change of -9.98%

15/08/2024 FTSE Closed at 8347 points. Change of 0.8%. Total value traded through LSE was: £ 4,413,998,964 a change of 1.84%

14/08/2024 FTSE Closed at 8281 points. Change of 0.56%. Total value traded through LSE was: £ 4,334,159,938 a change of 16.54%

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:BP. BP PLC** **LSE:FGP Firstgroup** **LSE:IGG IG Group** **LSE:JET Just Eat** **LSE:PHP Primary Health** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **

********

Updated charts published on : BP PLC, Firstgroup, IG Group, Just Eat, Primary Health, Sainsbury, Tesco,

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LSE:BP. BP PLC Close Mid-Price: 426.2 Percentage Change: -0.98% Day High: 429.85 Day Low: 424.55

In the event BP PLC experiences weakness below 424.55 it calculates with ……..

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LSE:FGP Firstgroup Close Mid-Price: 157.8 Percentage Change: -2.29% Day High: 164.2 Day Low: 158.7

This seems to be adhering to a downtrend which dates back to 2008, somethi ……..

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LSE:IGG IG Group. Close Mid-Price: 979.5 Percentage Change: + 0.72% Day High: 984 Day Low: 971.5

All IG Group needs are mid-price trades ABOVE 984 to improve acceleration ……..

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LSE:JET Just Eat. Close Mid-Price: 1120 Percentage Change: + 1.08% Day High: 1144 Day Low: 1120

All Just Eat needs are mid-price trades ABOVE 1144 to improve acceleratio ……..

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LSE:PHP Primary Health Close Mid-Price: 98.2 Percentage Change: -0.56% Day High: 99.5 Day Low: 97.35

Continued trades against PHP with a mid-price ABOVE 99.5 should improve t ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 283.2 Percentage Change: + 1.22% Day High: 286.2 Day Low: 279.8

Target met. Further movement against Sainsbury ABOVE 286.2 should improve ……..

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LSE:TSCO Tesco. Close Mid-Price: 346.6 Percentage Change: + 2.00% Day High: 347.3 Day Low: 340.9

In the event of Tesco enjoying further trades beyond 347.3, the share sho ……..

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

.#Gold #DowJones  With the Central Banks of the world enjoying their annual bean feast at Jackson Hole, deciding what to do to implement decisions from the World Economic Forum meeting at the ski resort of Davos, we always flinch at the name of #JacksonHole. It was the late 1990’s and we’d enacted a cracking property deal, obviously deciding we deserved a fun ski holiday. So we booked a week at Jackson Hole, a week at Vail, and a final week at Breckenridge, discovering the latter had been ruined by snow-boarder day tripper students. This isn’t a snob thing, the ski and snow-boarder disciplines being quite different. Imagine being on a motorway, traffic from a slip road on the right heading across three lanes to an exit road on the left. While this chaotic state of incompetence happens on the M8 in Glasgow, the number of bumps and near misses isn’t exactly fun. Thankfully, nowadays ski resorts tend assign some specific runs to specific disciplines. Personally, I fail to value the time our family holiday was ruined when a snow-boarder T-boned me, leading to hospital time. Oddly, my wife and daughter still regard that particular trip as their best holiday ever! (Val d’Isere and a week with my credit card… Our then 14 y/o daughter even stayed for another week, due to becoming best-friends with the hotel owners daughter. Amazingly, they are still chums, bemoaning the fact neithers’ children ski.)

The Jackson Hole meeting in the USA is, we suspect, interesting. As a ski resort, the place was perfect, allowing the ability to ski backwards at speed while taking snapshots of everyone. Queues for ski lifts were managed by local rangers, angrily jumping in on any queue jumpers. Essentially, the place was “too good” as memories are made of disasters when skiing. But the economic meeting in Jackson Hole potentially sets up the economic mood for the rest of the year and currently, if we ignore Crude Oil but instead looks at international indices, the markets appear to have an expectation for further gains against a background of the USA immolating itself with the pantomime of a forthcoming presidential election. As a recent convert to the  Meghan Kelly Show and her 2 hour daily politics report, it’s a shame we don’t host a similar commentator in the UK.

However, the markets continue to nudge upwards, making us suspect once Jackson Hole completes, the markets shall experience a few weeks of positive action until the reality of the potential chaos from the USA hits home across Europe. On one side, there is a presidential candidate who’s never won an election, never really left the country, nor visited its borders, and a potential vice-president who appears to be concealing a really long Pinocchio nose. And on the other side, there is Mr Trump.

 

Costain Plc are one of the companies nudging their way upward. It’s a share which historically has provided very slow movements but recently, things seem to be changing a bit. Share price movements above just 103p should prove significant, allowing price recovery to an initial 120p with our longer term secondary, if bettered, working out at 150p. What’s a bit worrying about this optimistic sounding scenario is we shall regard the long term attraction as coming from a future 164p, a target level which fails to create any sort of Higher High and thus represents a price level where some volatility can be anticipated.

If things intend go horribly wrong for Costain, below 88 risks triggering reversals to an initial 68p with our secondary, if broken, working out at an eventual 57p and hopefully a rebound. Visually, the current picture suggests some ongoing gains.

 

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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
11:00:18PM	BRENT	7557.3									‘cess
11:02:39PM	GOLD	2512.9	2494	2484	2468	2511	2520	2527	2538	2504
11:05:50PM	FTSE	8294.8
11:10:22PM	STOX50	4891.3									‘cess
11:15:20PM	GERMANY	18484									‘cess
11:18:10PM	US500	5625.9
11:30:55PM	DOW	40918.5	40739	40690	40592	40877	40939	40993	41077	40871	‘cess
11:33:41PM	NASDAQ	19845.2
11:36:31PM	JAPAN	36275

 

21/08/2024 FTSE Closed at 8283 points. Change of 0.12%. Total value traded through LSE was: £ 5,428,290,323 a change of 49.7%

20/08/2024 FTSE Closed at 8273 points. Change of -0.99%. Total value traded through LSE was: £ 3,626,221,676 a change of -7.78%

19/08/2024 FTSE Closed at 8356 points. Change of 0.54%. Total value traded through LSE was: £ 3,932,181,241 a change of -1.04%

16/08/2024 FTSE Closed at 8311 points. Change of -0.43%. Total value traded through LSE was: £ 3,973,574,909 a change of -9.98%

15/08/2024 FTSE Closed at 8347 points. Change of 0.8%. Total value traded through LSE was: £ 4,413,998,964 a change of 1.84%

14/08/2024 FTSE Closed at 8281 points. Change of 0.56%. Total value traded through LSE was: £ 4,334,159,938 a change of 16.54%

13/08/2024 FTSE Closed at 8235 points. Change of 0.3%. Total value traded through LSE was: £ 3,719,074,811 a change of -40.15%

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:FOXT Foxtons** **LSE:IQE IQE** **LSE:SPX Spirax** **LSE:TRN The Trainline** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Foxtons, IQE, Spirax, The Trainline, Taylor Wimpey,

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LSE:FOXT Foxtons Close Mid-Price: 65.2 Percentage Change: -1.81% Day High: 66.4 Day Low: 65

Continued trades against FOXT with a mid-price ABOVE 71.4 should improve t ……..

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LSE:IQE IQE Close Mid-Price: 27.65 Percentage Change: -0.18% Day High: 28.2 Day Low: 27.35

Below 26p looks troubling, allowing reversal to an initial 22.75 with our ……..

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LSE:SPX Spirax Close Mid-Price: 7335 Percentage Change: -0.27% Day High: 7385 Day Low: 7300

If Spirax experiences continued weakness below 7300, it will invariably l ……..

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LSE:TRN The Trainline Close Mid-Price: 308 Percentage Change: -0.26% Day High: 315 Day Low: 303.4

In the event of The Trainline enjoying further trades beyond 345, the shar ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 165.65 Percentage Change: + 0.06% Day High: 165.75 Day Low: 163.75

Continued trades against TW. with a mid-price ABOVE 165.75 should improve ……..

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