Author: T&T Staff

#Brent #Dax We experienced an unexpected weekend here in Argyll. The plan had been to route a pipe with an inner bore of 5cm, my brother arriving with 55 metres of the stuff designed to hook up with a hydro-electric generator. It was one of these “you had one job” moments, when he dragged everything up the stream gully to the dammed area and in doing so, discovered my measurement was out by 25 metres. How we laughed as the weight of all that plastic tubing was memorable, especially as I’d estimated the distance to the pool of water as around 50 metres. Apparently I should have factored in the level of waterfall drop (7 metres) and the land slope (5 metres), along with the fact I’d measured a straight line, rather than the other two sides of a triangle.

And so, to mollify my big brother, I cheerfully poured him a pint of my home made cider, being careful to warn of the strength. Three pint glasses later, his wife supported his walk to bed, no-one noticing I was avoiding drinking the 18 degree proof stuff. On Sunday, my notorious 6am riser emerged from the bedroom at around noon, deciding he was going up above the cliff to fell some trees. This is a confirmed “bloke” thing and while driving my little red tractor, I could occasionally see a tree toppling as if a monster was charging around. In the forest, I’d spray painted some massive Holly Trees as targets as they’re effectively big weeds, my brother opting to fell every single one of ’em as the hardwood is suitable to burn immediately. Quite literally, we now have an entire years supply of wood above the 7 metre cliff. The next trick will be to get a couple of chums to visit to throw the logs over the cliff, then slice then up down in the cutting area. If I play my cards right, absolutely no effort will be needed on my part. Hollywood clearly has missed a few tricks, if someone wants to gain the attention of big lumberjack types, dangle a large chainsaw in front of them, along with a couple of extremely sharp axe’s.

Sunday evening saw my brother fall victim to my wifes superb cooking, along with further supplies of my home made cider. This time, he was rationed to a couple of pints but I also gave him a 5 litre container of the stuff to take home. His wife scuttled through to their bedroom to hide it but, when offered a 3rd helping of Carbonara and garlic bread, he vanished to his bedroom and returned with yet another full glass of cider. I already felt the current batch was acceptable but, with my lifelong stridently teetotal brother rapidly looking addicted to the stuff, the wisdom of giving him a gallon to take home was questionable. His wife and I agreed it was similar to a dry white wine, my own non drinking wife (unless it is Drambuie) thinks is abhorrent. When we watched a recording of the “1% Club” presented by the genius Lee Mac, my brother went out at the easy question, going to bed in a sulk. Thankfully, normality should return on Monday, our guests due to enjoy a 254 mile drive home to the Ross-shire, an awkward part of Scotland. We’d live there for a few years, due to my entire family staying in a particular village. However, as city folk, the challenge of an 86 mile drive to the nearest Tesco become abhorrent and we started to value visits to our Glasgow home or my wifes family in Yorkshire.

 

It would be nice to dovetail the foregoing into the dangers of estimating number but it’s something we never do. Things went a little wrong with Barclays as the share price had enacted sufficient work to promote travel to what we’d then shown as 254p. Instead, the rise fizzled out at 242p. In our defence, we had demanded the share price close above 235p to make growth inevitable but it didn’t happen. Instead, despite the surge to 242p, the highest the share price closed at was 234.05p, thus giving us a clue we’d been watch the correct trend. Then things got worse and we’ve circled it on the chart extract below. “They” opted to gap Barclays share price below the Red uptrend, confirming a suspicion Barclays were not due their day in the sun. Quite the converse appears possible as it’s always a little scary when the market starts forcing a share price down.

Our “Panic” level is set at 195p as closure below such a point shall make reversal potentials serious. Equally, closure above 221.5p shall make recovery potentials serious and these are two number probably worth printing out an remembering. Essentially, at present, Barclays has a 26.5p bandwidth which is perhaps worth ignoring, aside from the crucial fact the share price is moving above a Blue downtrend which dates back to 2015. In theory, this should impart some strength to the price, especially as it doesn’t need try very hard to close above our 221.5p trigger level. Such a movement now looks capable of triggering recovery to an initial 257p with our secondary, if beaten, at an eventual 290p and a need for us to run and revue our tea leaves.

Alternately, closure below 195 shall be viewed as a bad thing, capable of triggering reversals to an initial 182p with secondary, if broken, a longer term visually unlikely 163p.

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
3:36:46AM	BRENT	7956.5	7749	7505	7080	7777	7978	8004	8172	7864
3:40:41AM	GOLD	2430.79								2416
3:51:44AM	FTSE	8190.5								8136
4:09:20AM	STOX50	4687								4646
4:19:57AM	GERMANY	17773.9	17626	17595	17529	17737	17786	17888	18175	17654
4:27:06AM	US500	5340								5297
1:56:48AM	DOW	39475								39410
1:59:17AM	NASDAQ	18511.8								18421
2:01:44AM	JAPAN	35335								35468

 

9/08/2024 FTSE Closed at 8168 points. Change of 0.29%. Total value traded through LSE was: £ 4,283,759,175 a change of -11.55%

8/08/2024 FTSE Closed at 8144 points. Change of -0.27%. Total value traded through LSE was: £ 4,843,015,012 a change of -1.4%

7/08/2024 FTSE Closed at 8166 points. Change of 1.74%. Total value traded through LSE was: £ 4,912,004,252 a change of -45.12%

6/08/2024 FTSE Closed at 8026 points. Change of 0.22%. Total value traded through LSE was: £ 8,950,670,093 a change of 16.02%

5/08/2024 FTSE Closed at 8008 points. Change of -2.03%. Total value traded through LSE was: £ 7,714,993,159 a change of 12.21%

2/08/2024 FTSE Closed at 8174 points. Change of -1.32%. Total value traded through LSE was: £ 6,875,472,629 a change of 20.68%

1/08/2024 FTSE Closed at 8283 points. Change of -1%. Total value traded through LSE was: £ 5,697,242,185 a change of -8.56%

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:JET Just Eat** **LSE:SCLP Scancell** **LSE:SPX Spirax** **LSE:STAR Star Energy** **

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Updated charts published on : Just Eat, Scancell, Spirax, Star Energy,

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LSE:JET Just Eat. Close Mid-Price: 1082 Percentage Change: + 3.64% Day High: 1106 Day Low: 1072

Further movement against Just Eat ABOVE 1106 should improve acceleration ……..

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LSE:SCLP Scancell. Close Mid-Price: 18 Percentage Change: + 2.86% Day High: 18.5 Day Low: 17.5

Target met. In the event of Scancell enjoying further trades beyond 18.5, ……..

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LSE:SPX Spirax Close Mid-Price: 7660 Percentage Change: -3.04% Day High: 7945 Day Low: 7650

Continued weakness against SPX taking the price below 7650 calculates as ……..

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LSE:STAR Star Energy. Close Mid-Price: 7.95 Percentage Change: + 3.65% Day High: 8.42 Day Low: 7.64

Target met. All Star Energy needs are mid-price trades ABOVE 8.42 to impr ……..

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

#FTSE #Gold It has been a crazy week on the FTSE with Mondays opening second plunge provoking some unpleasant behaviour. As we mentioned on Thursday, we are far from confident a “bottom is in”, a suspicion confirmed in the opening second with the FTSE manipulated downward by 60 points at the start of trading, then losing a further bunch of points in the next 30 minutes. It certainly wasn’t behaviour pumping out confidence for the future, creating a situation as puzzling as the final of a Paris Olympics Female boxing match being played out by 2 blokes! France certainly appear to be hosting games which shall prove memorable for all the wrong reasons.

 

To be fairly brief, above 8176 points should next promote FTSE recovery to an initial 8287 points, a movement which if triggered should be quite sharp, probably with an extremely tight stop loss level. Our longer term secondary calculates at 8421 points, an ambition which would exceed the immediate Blue downtrend but we’ve some doubts. For various nerdy reasons, the FTSE needs to close a session above 8250 points to allow us to tick a major box for movement of greater strength and as it’s a biblically wet August (here in Argyll), we have doubts.

If, as we suspect, things intend go wrong, perhaps due to Taylor Swift cancelling her Austrian concerts due to terrorist threats, the FTSE actually needs fall by around 100 points to 8033, causing panic. Attaining such a level risks triggering further reversals to 7937 points with our secondary, if broken, at 7752 and a probable challenge against the immediate uptrend since 2020.

While we expected the FTSE to settle within a trading channel for August, events of the first week are leaving us a little clueless.

On a brighter note, my big brother is visiting this weekend, intending to build a new hydro electric scheme to replace my previous attempt which was the victim of floods, probably due to turn up on a Canadian shore at some point. His cunning plan is to build a Dam 50 metres up the stream gully, creating a stable water flow. Unfortunately due to recent rainfall levels, the waterfall noise is utterly horrific and I suspect we shall spend the weekend indoors, drinking cider, and making plans for September while he moans about a 450 mile wasted round trip.

 

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
10:13:23PM	BRENT	7886.5	7756	7683		7838	7930	7945		7879
10:17:14PM	GOLD	2427.13	2392	2378		2402	2429	2441		2417	Success
10:19:40PM	FTSE	8158.9	8063	8024		8119	8180	8192		8130	‘cess
10:23:25PM	STOX50	4681.4	4605	4578		4650	4696	4750		4660
10:25:55PM	GERMANY	17723	17423	17338		17558	17758	17849		17643
10:28:10PM	US500	5325.3	5174	5147		5214	5334	5406		5283
10:31:30PM	DOW	39474	39208	39118		39325	39522	39885		39213	Success
11:06:20PM	NASDAQ	18460.2	17649	17483		17836	18490	18802		18221	Success
11:08:47PM	JAPAN	35740	33740	33438		34879	35863	36053		35431

 

8/08/2024 FTSE Closed at 8144 points. Change of -0.27%. Total value traded through LSE was: £ 4,843,015,012 a change of -1.4%

7/08/2024 FTSE Closed at 8166 points. Change of 1.74%. Total value traded through LSE was: £ 4,912,004,252 a change of -45.12%

6/08/2024 FTSE Closed at 8026 points. Change of 0.22%. Total value traded through LSE was: £ 8,950,670,093 a change of 16.02%

5/08/2024 FTSE Closed at 8008 points. Change of -2.03%. Total value traded through LSE was: £ 7,714,993,159 a change of 12.21%

2/08/2024 FTSE Closed at 8174 points. Change of -1.32%. Total value traded through LSE was: £ 6,875,472,629 a change of 20.68%

1/08/2024 FTSE Closed at 8283 points. Change of -1%. Total value traded through LSE was: £ 5,697,242,185 a change of -8.56%

31/07/2024 FTSE Closed at 8367 points. Change of 1.12%. Total value traded through LSE was: £ 6,230,318,806 a change of 19.13%

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:EMG MAN** **LSE:GLEN Glencore Xstra** **LSE:IHG Intercontinental Hotels Group** **LSE:PMG Parkmead** **LSE:SCLP Scancell** **LSE:SPX Spirax** **LSE:TLW Tullow** **

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Updated charts published on : MAN, Glencore Xstra, Intercontinental Hotels Group, Parkmead, Scancell, Spirax, Tullow,

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LSE:EMG MAN Close Mid-Price: 213.8 Percentage Change: -1.66% Day High: 214.6 Day Low: 208.4

Target met. In the event MAN experiences weakness below 208.4 it calculat ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 403.2 Percentage Change: -0.25% Day High: 403.45 Day Low: 391.35

This is now looking a little dodgy as weakness below 380 points at the pot ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 7212 Percentage Change: -0.85% Day High: 7256 Day Low: 7152

Target met. Weakness on Intercontinental Hotels Group below 7152 will inv ……..

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LSE:PMG Parkmead. Close Mid-Price: 11.25 Percentage Change: + 0.00% Day High: 11.25 Day Low: 11

If Parkmead experiences continued weakness below 11, it will invariably l ……..

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LSE:SCLP Scancell. Close Mid-Price: 17.5 Percentage Change: + 2.94% Day High: 17.5 Day Low: 17

Further movement against Scancell ABOVE 17.5 should improve acceleration ……..

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LSE:SPX Spirax Close Mid-Price: 7900 Percentage Change: -7.44% Day High: 8195 Day Low: 7705

Target met. Weakness on Spirax below 7705 will invariably lead to 7446p w ……..

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LSE:TLW Tullow Close Mid-Price: 26.96 Percentage Change: -2.60% Day High: 28 Day Low: 26.76

In the event Tullow experiences weakness below 26.76 it calculates with a ……..

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

#Gold #WallSt We shall be covering the FTSE on Thursday evening but, there are discussions among market analysts trying to decide if the reversals this week were a fluke which shall produce sharp recovery. But some of the usual suspects are predicting a ‘W’ shaped recovery, essentially a double bottom. Both sides of the academic argument are making the assumption the visit to 7914 points on the FTSE was indeed a bottom. Of course, this provoked our usual blast of cynicism as there’s no such thing as a sure thing in the UK market!

It’s all been a bit of a puzzle, the UK reversing to an arithmetically correct bottom, along with Germany, Wall St and the S&P. This sort of behaviour generally is taken to confirm markets placing themselves in a safe zone, complying with our utter distrust of market movements during August. Our issue with the UK market comes from our arithmetic – do we trust Futures numbers or real FTSE opening hours numbers?  It’s fairly unusual for this to be a Big Deal but this week, the only way we could conflate the FTSE exact bottom was to rely on Futures out of hours, a method we distrust but this week, it may be right. With major world markets opting to align themselves with a theoretical bottom in the last few days, perhaps it shall prove to be the case. Because it’s August, when everyone is on holiday in the Hamptons or the Butlins…

We cannot produce any miracle numbers, rather than make an assumption if “the bottom” was real, FTSE recovery to around 8250 points should also be real.

 

As for TP ICAP, we think they’re worth casting an eye over. The financial services firm, a member of the FTSE 250, enjoy a copper bottomed reputation. (in the 18th/19th C, Royal Navy ships hulls were sheathed with copper, stopping any marine growths and making them faster, catching French vessels and pirates too!) In our experience, firms working in this area often have a few question marks but “TCAP” seem stain proof. Perhaps as a result, it’ll be worth keeping an eye on their share price as something seems to be happening with this multinational company, despite some recent collywobbles.

In a bit of a jump, we can produce 245 as a potential trigger level, allowing share price recovery to an initial 254p with our longer term secondary, working out at an eventual 306p and some hesitation. Our secondary even makes some sense from a visual perspective, doubtless able to provoke a stutter in a share price gain. Regardless, we shall revisit if the company share price closes above 254p as this risks becoming game changing.

 

Should things intend go wrong, below 208p risks some trouble, potentially producing reversals to an initial 156p with secondary, if broken, at 134p. However, our thoughts are fairly positive for the future of this mob.

 

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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
11:19:57PM	BRENT	7845.5									‘cess
12:42:59AM	GOLD	2381.44	2379	2365	2347	2392	2403	2409	2418	2388
1:08:52AM	FTSE	8076.3									‘cess
1:12:41AM	STOX50	4587.9
1:16:32AM	GERMANY	17361.3									‘cess
1:26:34AM	US500	5182.3									Shambles
1:34:39AM	DOW	38716.5	38624	38460	38119	38835	39482	39044	39204	38743	Shambles
1:38:19AM	NASDAQ	17802.6									Shambles
1:44:19AM	JAPAN	34431									Success

 

7/08/2024 FTSE Closed at 8166 points. Change of 1.74%. Total value traded through LSE was: £ 4,912,004,252 a change of -45.12%

6/08/2024 FTSE Closed at 8026 points. Change of 0.22%. Total value traded through LSE was: £ 8,950,670,093 a change of 16.02%

5/08/2024 FTSE Closed at 8008 points. Change of -2.03%. Total value traded through LSE was: £ 7,714,993,159 a change of 12.21%

2/08/2024 FTSE Closed at 8174 points. Change of -1.32%. Total value traded through LSE was: £ 6,875,472,629 a change of 20.68%

1/08/2024 FTSE Closed at 8283 points. Change of -1%. Total value traded through LSE was: £ 5,697,242,185 a change of -8.56%

31/07/2024 FTSE Closed at 8367 points. Change of 1.12%. Total value traded through LSE was: £ 6,230,318,806 a change of 19.13%

30/07/2024 FTSE Closed at 8274 points. Change of -0.22%. Total value traded through LSE was: £ 5,229,655,790 a change of 9.68%

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:GENL Genel** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:PMG Parkmead** **LSE:SCLP Scancell** **LSE:TLW Tullow** **

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Updated charts published on : Genel, Intercontinental Hotels Group, International Personal Finance, Parkmead, Scancell, Tullow,

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LSE:GENL Genel. Close Mid-Price: 81 Percentage Change: + 7.00% Day High: 81.1 Day Low: 75.5

If Genel experiences continued weakness below 75.5, it will invariably le ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 7274 Percentage Change: -1.84% Day High: 7420 Day Low: 7182

If Intercontinental Hotels Group experiences continued weakness below 718 ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 153.5 Percentage Change: + 4.07% Day High: 158.5 Day Low: 148.5

In the event of International Personal Finance enjoying further trades be ……..

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LSE:PMG Parkmead Close Mid-Price: 11.25 Percentage Change: -2.17% Day High: 11.75 Day Low: 11.25

In the event Parkmead experiences weakness below 11.25 it calculates with ……..

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LSE:SCLP Scancell. Close Mid-Price: 17 Percentage Change: + 3.03% Day High: 17.25 Day Low: 16.75

Target met. Continued trades against SCLP with a mid-price ABOVE 17.25 sh ……..

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LSE:TLW Tullow. Close Mid-Price: 27.68 Percentage Change: + 0.87% Day High: 28.6 Day Low: 26.92

Weakness on Tullow below 26.92 will invariably lead to 26p with secondary ……..

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

#FTSE #STOXX We’ve always liked this company name, thinking it’d be either a great title for a Bond Movie or perhaps, an endearing cocktail. However, while in Edinburgh on Tuesday trying to think of creative ways to introduce this article as we’ve had a few folk asking our opinion, something quite amazing happened. To set the scene, we were at a lunch to celebrate a friend turning 40 and the venue was a Japanese restaurant. My wife decided I was to enjoy a mix of sushi rolls, while I could share her spicy rice with chicken. It was all very civilised, despite the Big 40 balloons, and my wife make a detailed effort to ensure here dish was “safe” for me to eat. This meant no egg, shellfish, or wheat, the waiter going to the kitchen for confirmation before taking the order.

After 30 years marriage, it’s easy to forget your wife can have an explosive temper. Unfortunately, I’d reached over with chopsticks to sample her rice, felt something burn my lip, and quietly decided to avoid taking more. Instead, dunking my sushi rolls in wasabi sauce would provide a safer lunch, everything going peacefully until she prodded something on her plate, asking our daughter to confirm her suspicion. The rice had egg throughout it and immediately my wife stormed the kitchen, furious, as she knew the implication had I actually eaten any. Choosing not to bother with an Epi-pen as they go out of date, I’ve long learned to trust my lips for an immediate alert, if an allergen passes across. Most folk have civilised allergies but my egg & shellfish ones are potentially fatal, each product burning my skin like sunlight to a vampire. Her little tantrum was unfortunate, bringing what felt like all the restaurant staff to our table to apologise. Personally, I dislike holding anyone to blame for my own eating disorders, even my own mother constantly subscribing to the belief poisoning me “a little” every month or so would condition a degree of tolerance. It’s probable she ceased this behaviour when my older siblings and my father made it a game, who’d get the time for the ambulance turning up right.

Tonight, sporting a blistered lip, after admitting her meal had rung alarm bells, she also admitted she’d checked for the location of the nearest pharmacy, GP, and police station, just in case something went wrong. And as usual, she questions how I manage to go through life without bothering with such a basic safety protocol. The answer is despicably simple, Steak & Chips. Most restaurants will serve such a baby food, if you beg and there’s never going to be allergen issues.

 

The reason for giving this story, when I’ve decided the subject of an analysis, it’s always a more fulfilling job to pad the report out with an introduction of some sort in a sincere effort to move beyond a two sentence article. For instance, it could read “If it exceeds x.xx, then anticipate movement to y.yy with our longer term secondary at z.zz” And a quick change of wording also gives a converse report but as a writer, this sort of thing is deeply unsatisfying. So instead, sometimes we’ll write about the company, sometimes write about what caught our interest, or even tell a funny story about lawnmowers or dishwashers, two domestic items which hate us.

Caspian Sunrise have a downtrend which dates back to 2007, shown in Blue on the chart. Earlier this year, their share price flirted outrageously with this line, eventually opting to close a session above and hopefully nudge open the doors of a whole new dawn, deserving of the company name. As with many oil company share prices, we’re a bit hesitant at the moment with the price of crude currently experiencing reversals as it’s likely sector share prices shall follow suit. However, once the dramatics are over, Caspian should at least be trading in positive territory, where every bit of positive news should similarly impact the share value.

Currently, above just 5.08p looks like a reasonable trigger level to allow a price recovery cycle to an initial 6p. Our secondary, if bettered, calculates at a longer term 6.8p and a price level where some hesitation looks possible. Only with closure above 6.8 dare we suspect truly positive recovery is taking place.

Our converse scenario demands share price closure below 3.8 to spark trouble, potentially prodding the share price down to an eventual 2.45p with the risk of the entire recovery cycle needing to start again.

 

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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
11:06:00PM	BRENT	7603
11:10:11PM	GOLD	2389.57
11:14:59PM	FTSE	8051.4	7947	7925	7763	8031	8122	8175	8251	8056	Shambles
1:34:17AM	STOX50	4568	4537	4492	4442	4581	4643	4676	4723	4596
1:36:52AM	GERMANY	17381.9
1:39:52AM	US500	5238.1
1:42:32AM	DOW	39019
1:45:56AM	NASDAQ	18073
1:49:52AM	JAPAN	34471

6/08/2024 FTSE Closed at 8026 points. Change of 0.22%. Total value traded through LSE was: £ 8,950,670,093 a change of 16.02%

5/08/2024 FTSE Closed at 8008 points. Change of -2.03%. Total value traded through LSE was: £ 7,714,993,159 a change of 12.21%

2/08/2024 FTSE Closed at 8174 points. Change of -1.32%. Total value traded through LSE was: £ 6,875,472,629 a change of 20.68%

1/08/2024 FTSE Closed at 8283 points. Change of -1%. Total value traded through LSE was: £ 5,697,242,185 a change of -8.56%

31/07/2024 FTSE Closed at 8367 points. Change of 1.12%. Total value traded through LSE was: £ 6,230,318,806 a change of 19.13%

30/07/2024 FTSE Closed at 8274 points. Change of -0.22%. Total value traded through LSE was: £ 5,229,655,790 a change of 9.68%

29/07/2024 FTSE Closed at 8292 points. Change of 0.08%. Total value traded through LSE was: £ 4,768,279,831 a change of 1.53%

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

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

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

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

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

---

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

Click Epic to jump to share: LSE:BP. BP PLC** **LSE:EMG MAN** **LSE:GENL Genel** **LSE:SCLP Scancell** **LSE:TLW Tullow** **

********

Updated charts published on : BP PLC, MAN, Genel, Scancell, Tullow,

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LSE:BP. BP PLC Close Mid-Price: 430.7 Percentage Change: -0.07% Day High: 435.55 Day Low: 426.1

Weakness on BP PLC below 426.1 will invariably lead to 421p with secondar ……..

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LSE:EMG MAN Close Mid-Price: 217 Percentage Change: -2.52% Day High: 224.4 Day Low: 216.6

Continued weakness against EMG taking the price below 216.6 calculates as ……..

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LSE:GENL Genel Close Mid-Price: 75.7 Percentage Change: -2.57% Day High: 81 Day Low: 75.8

In the event Genel experiences weakness below 75.8 it calculates with a d ……..

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LSE:SCLP Scancell. Close Mid-Price: 16.5 Percentage Change: + 4.43% Day High: 16.5 Day Low: 15.5

Target met. All Scancell needs are mid-price trades ABOVE 16.5 to improve ……..

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LSE:TLW Tullow Close Mid-Price: 27.44 Percentage Change: -1.86% Day High: 28.38 Day Low: 27.04

If Tullow experiences continued weakness below 27.04, it will invariably ……..

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

When Bitcoin met De La Rue (COIN:BTCUSD & LSE:DLAR) 54,644 and 55.34 at time of writing. #BTCUSD #DLAR It was an unusual day on Monday in many respects. From a personal viewpoint, glancing out the bedroom window revealed a ship called The Waverly going past. It’s the last sea-going paddle steamer in the world, one which brings back unpleasant memories. Back in the day, it was a popular corporate venue companies such as Vauxhall, Chrysler, Esso, BP or Shell, hiring it fairly regularly for “fun” trips down the River Clyde with a splash around the Isle of Arran, the thing going at full speed all the time. Meanwhile, the free bars below deck ensured guests completely ignored the scenery with only the Ceilidh band above decks blasting out Scottish dance tunes. My unpleasant memories of the vessel stem from our company selling all the foregoing corporate products with the result an evening on board became less of an honour, more a reason to reward staff members on a booze cruise. Unfortunately, literally on my 18th Birthday, Vauxhall organised their annual cruise with the result it became something of a mission amongst folk from our company to get me utterly hammered when I could now drink legally.

Once the vessel rounded Arran, I suffered the entire journey back to Glasgow, closely admiring the water over the rear guard rail, discovering whisky isn’t as much fun when it comes back out. Inevitably, a few months later, one of the oil companies hired the boat with me once again designated as the representative of the company, a convenient 18 year old family member who was gullible. It proved an unpleasant replay of the first trip, this time a comedy of errors ensured my mother was collecting my corpse from the dock. Needless to say, my dad and cousins were banned from ever letting me go on corporate junkets as the official family representative. Until, a particular golf competition at Gleneagles but that’s another story… From about the age of 11, playing 18 holes every day at a local council course with my Mum, Dad, my friends, or alone, provided a surprising skill set.

The main issue behind this story is the snapshot through the window shows just 18 people on deck, while the vessel charges through our usual August monsoon weather here in Argyll. Perhaps many more were below decks in the sumptuous bars and dining areas but, it’s doubtful.

 

Something similarly unpleasant appears to be happening with the markets and inevitably, we chose DLAR and Bitcoin as “cases in point” as they both look to be in trouble. De La Rue prove especially irritating, the company managing to lose their contract – AFTER Brexit – to a French/German organisation to produce UK Passports. Quite how they managed this remains a mystery as surely the most naive PR Consultant should have been able to pressure the UK Government to favour a UK Company. Instead, it was decided the ability of DLAR to produce plastic bank notes could continue, the company potentially able to flourish with their digital signature bias. We were not impressed with the Boris Johnson ability to allow a leading UK company, after Brexit, to lose the contract to print UK Passports overseas. A mainstay of the Brexit argument had been to stop this sort of thing happening, a concept which was somehow lost in 2019 without any rational explanation.

The markets look destined to experience a surprise recovery on Tuesday and as always, traders will ignore 10% down days are quite different from 10% up days. It’s really simple, if an index is at 1,000 and experiences a 10% drop, it finds itself at 900 points. Should it experience a 10% gain the next day, it will find itself at 990 points, failing to recover from its loss and actually experiencing a lower high. Cutting a long story short, even though Tuesday and Wednesday may show recovery in Europe and the USA, we are just a little cynical.

 

Returning to De La Rue, their share price is looking troublesome as movement below 88p looks capable of triggering reversal to an initial 86p with secondary, if/when broken at 79p and hopefully a bottom capable of generating a rebound. The share price needs exceed 96p to attain a degree of safety, thus providing a reasonable stop loss level.

As for BitCoin, our historical abhorrence of crypto currency ensured we are a little cynical about recent moves, suggesting below 48,785 shall prove dangerous, allowing weakness to an initial 41,274 with our secondary, at a stupid sounding 27,874 dollars. The problem with our secondary level is it makes quite a lot of visual sense! All things considered, a rebound from the 41K level shall make a lot more sense than continued reversals but it’s BitCoin, so who knows.

As for De La Rue, so call their share price a mess would be an understatement,  everything depends on the share closing price but, to be fair, they look a little stuffed.

But some hope is offered by movement above just 8,126 points leading to an initial 8,297 with secondary, if beaten, at an unlikely 8,424 points. We distrust this calculation. Instead, it feels more likely, doubtless later in the week, share price travel below 7,915 shall provoke reversals to an initial 8,652 with our secondary, when broken, a probable bottom of 7,928.

 

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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
10:31:20PM	BRENT	7726.1	7505	7395	7108	7744	7740	7830	7939	7609	‘cess
11:03:14PM	GOLD	2410.15	2363	2343	2339	2396	2413	2427	2448	2400	Success
12:29:56AM	FTSE	8043	7991	7911	7721	8068	8068	8128	8199	8007	Success
12:45:06AM	STOX50	4603.8	4473	4418	4182	4574	4635	4698	4773	4563	‘cess
1:17:26AM	GERMANY	17463.9	17023	16881	16197	17295	17651	17815	18079	17402	‘cess
1:26:34AM	US500	5233.4	5092	5056	4991	5224	5254	5329	5408	5164	Success
1:35:07AM	DOW	38932	38397	38201	37143	38828	39158	39903	40406	38854	Success
1:38:54AM	NASDAQ	18143.8	17244	16991	15740	17712	18270	18744	19244	17798	‘cess
1:45:51AM	JAPAN	34239	32923	32600	32026	33381	34345	36812	38952	33775	‘cess

 

5/08/2024 FTSE Closed at 8008 points. Change of -2.03%. Total value traded through LSE was: £ 7,714,993,159 a change of 12.21%

2/08/2024 FTSE Closed at 8174 points. Change of -1.32%. Total value traded through LSE was: £ 6,875,472,629 a change of 20.68%

1/08/2024 FTSE Closed at 8283 points. Change of -1%. Total value traded through LSE was: £ 5,697,242,185 a change of -8.56%

31/07/2024 FTSE Closed at 8367 points. Change of 1.12%. Total value traded through LSE was: £ 6,230,318,806 a change of 19.13%

30/07/2024 FTSE Closed at 8274 points. Change of -0.22%. Total value traded through LSE was: £ 5,229,655,790 a change of 9.68%

29/07/2024 FTSE Closed at 8292 points. Change of 0.08%. Total value traded through LSE was: £ 4,768,279,831 a change of 1.53%

26/07/2024 FTSE Closed at 8285 points. Change of 1.21%. Total value traded through LSE was: £ 4,696,468,997 a change of -12.32%

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:AVCT Avacta** **LSE:BP. BP PLC** **LSE:CCL Carnival** **LSE:CNA Centrica** **LSE:EMG MAN** **LSE:GENL Genel** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:OPG OPG Power Ventures** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:SCLP Scancell** **LSE:TLW Tullow** **

********

Updated charts published on : AFC Energy, Avacta, BP PLC, Centrica, MAN, Genel, Intercontinental Hotels Group, Just Eat, Lloyds Grp., OPG Power Ventures, Parkmead, Scancell, Tullow,

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LSE:AFC AFC Energy Close Mid-Price: 13.7 Percentage Change: -4.86% Day High: 14.18 Day Low: 13.3

If AFC Energy experiences continued weakness below 13.3, it will invariab ……..

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LSE:AVCT Avacta Close Mid-Price: 57 Percentage Change: -8.06% Day High: 61 Day Low: 52

Target met. Weakness on Avacta below 52 will invariably lead to 49.5p wit ……..

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LSE:BP. BP PLC Close Mid-Price: 431 Percentage Change: -3.10% Day High: 435.85 Day Low: 427.15

Target met. If BP PLC experiences continued weakness below 427.15, it wil ……..

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LSE:CCL Carnival Close Mid-Price: 1034 Percentage Change: -2.50% Day High: 1036.5 Day Low: 966.2

Continued weakness against CCL taking the price below 966.2 calculates as ……..

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LSE:CNA Centrica Close Mid-Price: 121.25 Percentage Change: -4.72% Day High: 124.75 Day Low: 120.8

In the event Centrica experiences weakness below 120.8 it calculates with ……..

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LSE:EMG MAN Close Mid-Price: 222.6 Percentage Change: -3.64% Day High: 226.4 Day Low: 219.4

Target met. Weakness on MAN below 219.4 will invariably lead to 214p with ……..

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LSE:GENL Genel Close Mid-Price: 77.7 Percentage Change: -6.05% Day High: 82.5 Day Low: 77.1

Continued weakness against GENL taking the price below 77.1 calculates as ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 7354 Percentage Change: -0.16% Day High: 7410 Day Low: 7192

In the event Intercontinental Hotels Group experiences weakness below 719 ……..

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LSE:JET Just Eat Close Mid-Price: 909 Percentage Change: -3.19% Day High: 921 Day Low: 861

Target met. If Just Eat experiences continued weakness below 861, it will ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 54.56 Percentage Change: -1.41% Day High: 54.68 Day Low: 52.76

Target met. Weakness on Lloyds Grp. below 52.76 will invariably lead to 5 ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 9.3 Percentage Change: -5.10% Day High: 9.75 Day Low: 9.25

Target met. Continued weakness against OPG taking the price below 9.25 ca ……..

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LSE:PHP Primary Health Close Mid-Price: 92.7 Percentage Change: -0.91% Day High: 92.95 Day Low: 89.15

In the event Primary Health experiences weakness below 89.15 it calculate ……..

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LSE:PMG Parkmead Close Mid-Price: 11.5 Percentage Change: -8.00% Day High: 12.5 Day Low: 11.5

Continued weakness against PMG taking the price below 11.5 calculates as ……..

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LSE:SCLP Scancell Close Mid-Price: 15.8 Percentage Change: -1.25% Day High: 16.2 Day Low: 15.25

In the event of Scancell enjoying further trades beyond 16.2, the share s ……..

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LSE:TLW Tullow Close Mid-Price: 27.96 Percentage Change: -4.38% Day High: 28.4 Day Low: 27.22

Continued weakness against TLW taking the price below 27.22 calculates as ……..

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

#Brent #Dax  Growing up on the outskirts of Glasgow, a favourite saying at this time of year was; “Red Sky at Night, Stolen Car Alight”. With the fun and games in parts of England over the weekend, doubtless other folk are adopting the pithy country saying to their own areas, where wheelie bins have been weaponised. In the wider world, something rather more horrifying has been happening for the last few hours. Apparently, Iran is expected to fire missiles at Israel with the result, quite a few folk are Live Streaming from the region in the hope of catching some live action. Perhaps it’s proving the show title cliché; ‘the Revolution will be Televised’ but the ghoulish nature of watching Israel’s skyline in the hope of catching a missile attack is quite dreadful.

It looks like the markets may be reacting to the threat of war in the Middle East or, more likely, reacting to the very probable threat of Israel responding forcefully. What’s a bit surprising though, the price of Oil has been dropping quite fast and at $76, is now trading in a zone where a visit to $71 has become possible with our eventual secondary in the 50’s. Of course, this doesn’t gel with the chances of a live fire conflict in the oil producing region but, texting a chum who’s involved in a university “dig” in Jerusalem, she doesn’t think anything is expected and was out at a nightclub…

 

With everything going on, we’re not exactly sold on positive movements for Lloyds anytime soon, instead anticipating quite the opposite. From a fairly immediate viewpoint, weakness below 55p looks capable of triggering reversals down to an initial 54.1p and hopefully a rebound. Our secondary, should such a level break, calculates at 51.4p and the prospect of longer term trouble. Danger signs become writ large, should 51.4 break as a cycle to 48.2 becomes expected, dragging the bank share price back below the Blue downtrend since 2009, threatening to dump the share price into a region where the recovery cycle will need to start again.

Obviously, this should provoke the central banks to reduce interest rates fast, finally admitting they got everything wrong.

On the converse side, Lloyds now needs exceed 57.4 to give any hope, once again entering a zone with an ambition at 65.8p and beyond. From what we can see of the futures markets tonight (substantially more frightening than Tel Aviv’s skyline) the markets looks like they are losing confidence. Doubtless the UK media shall spin it to blame imaginary Right Wing Activists.

 

 

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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
10:20:20PM	BRENT	7734.7	7674	7625	7425	7800	8050	8233	8434	7920
10:31:40PM	GOLD	2443.13
10:39:00PM	FTSE	8218
10:48:59PM	STOX50	4654.8
11:46:42PM	GERMANY	17716.4	17535	17335	16804	17750	17926	18093	18278	17612
1:21:57AM	US500	5273
1:28:31AM	DOW	39380
1:33:33AM	NASDAQ	18104
1:45:26AM	JAPAN	34032

 

2/08/2024 FTSE Closed at 8174 points. Change of -1.32%. Total value traded through LSE was: £ 6,875,472,629 a change of 20.68%

1/08/2024 FTSE Closed at 8283 points. Change of -1%. Total value traded through LSE was: £ 5,697,242,185 a change of -8.56%

31/07/2024 FTSE Closed at 8367 points. Change of 1.12%. Total value traded through LSE was: £ 6,230,318,806 a change of 19.13%

30/07/2024 FTSE Closed at 8274 points. Change of -0.22%. Total value traded through LSE was: £ 5,229,655,790 a change of 9.68%

29/07/2024 FTSE Closed at 8292 points. Change of 0.08%. Total value traded through LSE was: £ 4,768,279,831 a change of 1.53%

26/07/2024 FTSE Closed at 8285 points. Change of 1.21%. Total value traded through LSE was: £ 4,696,468,997 a change of -12.32%

25/07/2024 FTSE Closed at 8186 points. Change of 0.4%. Total value traded through LSE was: £ 5,356,362,048 a change of 4.45%

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:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:EMG MAN** **LSE:IHG Intercontinental Hotels Group** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:OPG OPG Power Ventures** **

********

Updated charts published on : AFC Energy, Avacta, Astrazeneca, MAN, Intercontinental Hotels Group, Lloyds Grp., National Glib, OPG Power Ventures,

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LSE:AFC AFC Energy Close Mid-Price: 14.4 Percentage Change: -2.96% Day High: 14.82 Day Low: 13.5

Target met. In the event AFC Energy experiences weakness below 13.5 it ca ……..

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LSE:AVCT Avacta Close Mid-Price: 62 Percentage Change: -6.06% Day High: 66 Day Low: 62

If Avacta experiences continued weakness below 62, it will invariably lea ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 12610 Percentage Change: + 0.78% Day High: 12792 Day Low: 12466

Target met. In the event of Astrazeneca enjoying further trades beyond 12 ……..

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LSE:EMG MAN Close Mid-Price: 231 Percentage Change: -3.02% Day High: 235.4 Day Low: 227.6

Target met. If MAN experiences continued weakness below 227.6, it will in ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 7366 Percentage Change: -3.33% Day High: 7524 Day Low: 7282

Target met. Continued weakness against IHG taking the price below 7282 ca ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 55.34 Percentage Change: -1.46% Day High: 56.38 Day Low: 55.04

Target met. If Lloyds Grp. experiences continued weakness below 55.04, it ……..

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LSE:NG. National Glib. Close Mid-Price: 997 Percentage Change: + 1.73% Day High: 1006.5 Day Low: 977.4

Target met. All National Glib needs are mid-price trades ABOVE 1006.5 to ……..

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LSE:OPG OPG Power Ventures. Close Mid-Price: 9.8 Percentage Change: + 0.51% Day High: 9.8 Day Low: 9.65

Weakness on OPG Power Ventures below 9.65 will invariably lead to 9.4 wit ……..

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

#FTSE #WallSt  Our pessimistic outlook for the market, in the event of an interest rate cut by the Bank of England, proved not to be a wasted emotion, the FTSE indeed doing the opposite of what was expected.  An upward spike at the open to 8405 was paid back in full by subsequent reversals to 8268 and a potential bounce. To be honest, we suspect Friday shall provide some gains for the FTSE, hopefully NOT with an artificial spike upward in the opening seconds.

We think there was very real uncertainty about “what to do” in the early hours of Thursday, several companies showing quite different Futures values for various markets. This created a situation, where we felt it unwise to provide Short potentials across the FTSE or European markets, while the USA proved impossible to predict with any degree of confidence. Maybe it’s been such a long time, the markets are forgetting what they do when faced with a sure thing!

Friday 2nd August expects the US to provide their Payrolls numbers at 1.30pm UK time. Given the majority of states numbers will be guesstimates, due to the proximity to the start of the month, it’s almost inevitable the collated reports shall show more than 175,000 jobs created, this being the estimated number by analysts. Exceeding such a target will cause the markets to spike, the FTSE usually opting to follow along, and we’ve come to expect “estimates” always to be optimistically wrong. When the real numbers are drip fed in the coming week, we expect the markets will experience a series of reversals.

 

It certainly looks like the FTSE has decided to abandon the previous median level of 8200 points, probably heading upward to another parking level for the month of August until mid-September by which time the big players will all have returned from their Centre Parks holidays. Routinely, here in Argyll, we joke about tourist numbers but this year it’s becoming unusual to hear a Scottish accent, event when out with the pets. A favourite walk revealed a family who’d taken quite a lot of effort to move themselves, their picnic furniture, their children, to a low water pebble island which has appeared in the middle of a river. Feeling mildly sorry for the invaders, I pointed out there was a completely empty, pristine sandy beach on the shore, just around the next bend in the river. My Golden Retriever, after ascertaining no food was available to steal, continued her walk up the middle of the river, still refusing to come out. She thinks it’s funny but, when we reverse course, she’s capable of pretending to swim fast with the current behind her.

As for Friday, the FTSE is showing some quite interesting potentials. If we are correct in our supposition the forced reversal to 8268 points on Thursday should now be rewarded with some upward travel, next above 8321 points should prove capable of a lift to an initial 8380 points with our secondary, if bettered, calculating at an impressive 8468 points. This creates a montage, of higher highs, meaning we shall view a long term 8604 points as creating an influence. If triggered, the tightest stop looks like a massive 8230, perhaps confirming an illusion the index is about to be “trapped” in a zone between 8200 and 8600 points.

 

If things intend go horribly wrong, below 8268 could be dangerous, presenting the scenario of reversal to an initial 8209 with our secondary, if broken, at 8139 points.

Have a good weekend, even though Formula1 is on holiday.

 

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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
10:16:51PM	BRENT	7997.8	7942	7926		8023	8163	8247		8109
10:22:07PM	GOLD	2445.88	2430	2418		2443	2463	2468		2442
10:25:07PM	FTSE	8291.8	8259	8212		8283	8311	8322		8282
10:27:50PM	STOX50	4746	4729	4709		4759	4851	4901		4808
10:31:57PM	GERMANY	18053.5	17977	17925		18107	18334	18483		18220
10:34:49PM	US500	5436.3	5408	5339		5452	5481	5506		5415
10:40:27PM	DOW	40236	40097	40058		40253	40430	40524		40270
10:44:32PM	NASDAQ	18831.6	18723	18656		18931	19101	19260		18980
10:48:17PM	JAPAN	36765	36448	36386		36913	38204	38705		37756

 

1/08/2024 FTSE Closed at 8283 points. Change of -1%. Total value traded through LSE was: £ 5,697,242,185 a change of -8.56%

31/07/2024 FTSE Closed at 8367 points. Change of 1.12%. Total value traded through LSE was: £ 6,230,318,806 a change of 19.13%

30/07/2024 FTSE Closed at 8274 points. Change of -0.22%. Total value traded through LSE was: £ 5,229,655,790 a change of 9.68%

29/07/2024 FTSE Closed at 8292 points. Change of 0.08%. Total value traded through LSE was: £ 4,768,279,831 a change of 1.53%

26/07/2024 FTSE Closed at 8285 points. Change of 1.21%. Total value traded through LSE was: £ 4,696,468,997 a change of -12.32%

25/07/2024 FTSE Closed at 8186 points. Change of 0.4%. Total value traded through LSE was: £ 5,356,362,048 a change of 4.45%

24/07/2024 FTSE Closed at 8153 points. Change of -0.17%. Total value traded through LSE was: £ 5,128,130,189 a change of -2.6%

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:BARC Barclays** **LSE:GRG Greggs** **LSE:IDS International Distribution** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:SPT Spirent Comms** **LSE:TSCO Tesco** **

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Updated charts published on : AFC Energy, Barclays, Greggs, International Distribution, IG Group, Intercontinental Hotels Group, Lloyds Grp., Marks and Spencer, Rockhopper, Rolls Royce, Spirent Comms, Tesco,

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LSE:AFC AFC Energy Close Mid-Price: 14.84 Percentage Change: -1.07% Day High: 15.58 Day Low: 14.7

Continued weakness against AFC taking the price below 14.7 calculates as ……..

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LSE:BARC Barclays Close Mid-Price: 222.9 Percentage Change: -4.66% Day High: 241.65 Day Low: 222.25

Target met. In the event of Barclays enjoying further trades beyond 241.6 ……..

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LSE:GRG Greggs. Close Mid-Price: 3140 Percentage Change: + 0.19% Day High: 3194 Day Low: 3122

All Greggs needs are mid-price trades ABOVE 3194 to improve acceleration ……..

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LSE:IDS International Distribution. Close Mid-Price: 347 Percentage Change: + 0.58% Day High: 349.2 Day Low: 339.6

Target met. All International Distribution needs are mid-price trades ABO ……..

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LSE:IGG IG Group Close Mid-Price: 934.5 Percentage Change: -0.32% Day High: 953 Day Low: 931.5

All IG Group needs are mid-price trades ABOVE 953 to improve acceleration ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 7620 Percentage Change: -2.81% Day High: 7856 Day Low: 7614

Weakness on Intercontinental Hotels Group below 7614 will invariably lead ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 56.16 Percentage Change: -5.74% Day High: 58.84 Day Low: 56.3

Continued weakness against LLOY taking the price below 56.3 calculates as ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 331.2 Percentage Change: + 0.88% Day High: 339.4 Day Low: 331

Target met. All Marks and Spencer needs are mid-price trades ABOVE 339.4 ……..

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LSE:RKH Rockhopper. Close Mid-Price: 15.05 Percentage Change: + 2.91% Day High: 15.4 Day Low: 15

Continued trades against RKH with a mid-price ABOVE 15.4 should improve t ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 481.1 Percentage Change: + 7.01% Day High: 502.8 Day Low: 477.5

Target met. Continued trades against RR. with a mid-price ABOVE 502.8 sho ……..

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LSE:SCLP Scancell. Close Mid-Price: 16 Percentage Change: + 3.23% Day High: 16 Day Low: 15.5

Further movement against Scancell ABOVE 16 should improve acceleration to ……..

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LSE:SPT Spirent Comms Close Mid-Price: 172.5 Percentage Change: -0.29% Day High: 174.5 Day Low: 168.1

Weakness on Spirent Comms below 168.1 will invariably lead to 160p possib ……..

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LSE:TSCO Tesco Close Mid-Price: 330.1 Percentage Change: -0.45% Day High: 335.2 Day Low: 330

Further movement against Tesco ABOVE 335.2 should improve acceleration to ……..

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