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Natwest Group Plc (LSE:NWG) currently 328.4p

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

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

 

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

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

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

 

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

 

FUTURES

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

 

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

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

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

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

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

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

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

Click Epic to jump to share: LSE:AAL Anglo American** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:EMG MAN** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:IQE IQE** **LSE:PMG Parkmead** **LSE:TLW Tullow** **LSE:TRN The Trainline** **

********

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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FTSE for FRIDAY (FTSE:UKX), a Big Picture Perusal

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

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

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

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

 

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

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

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

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

 

FUTURES

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

 

5/09/2024 FTSE Closed at 8241 points. Change of -0.34%. Total value traded through LSE was: £ 5,242,721,349 a change of 2.61%
4/09/2024 FTSE Closed at 8269 points. Change of -0.35%. Total value traded through LSE was: £ 5,109,260,535 a change of 3.53%
3/09/2024 FTSE Closed at 8298 points. Change of -0.78%. Total value traded through LSE was: £ 4,935,106,783 a change of 50.92%
2/09/2024 FTSE Closed at 8363 points. Change of -0.16%. Total value traded through LSE was: £ 3,270,019,742 a change of -47.48%
30/08/2024 FTSE Closed at 8376 points. Change of -0.04%. Total value traded through LSE was: £ 6,226,759,673 a change of 55.63%
29/08/2024 FTSE Closed at 8379 points. Change of 0.43%. Total value traded through LSE was: £ 4,000,918,799 a change of 4.23%
28/08/2024 FTSE Closed at 8343 points. Change of -0.02%. Total value traded through LSE was: £ 3,838,365,101 a change of -20.19%

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

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

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

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

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

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

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

********

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Burberry & Hiscox (LSE:BRBY & LSE:HSX) vs The Revolving Door

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

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

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

 

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

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

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

 

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

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

 

FUTURES

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

 

4/09/2024 FTSE Closed at 8269 points. Change of -0.35%. Total value traded through LSE was: £ 5,109,260,535 a change of 3.53%
3/09/2024 FTSE Closed at 8298 points. Change of -0.78%. Total value traded through LSE was: £ 4,935,106,783 a change of 50.92%
2/09/2024 FTSE Closed at 8363 points. Change of -0.16%. Total value traded through LSE was: £ 3,270,019,742 a change of -47.48%
30/08/2024 FTSE Closed at 8376 points. Change of -0.04%. Total value traded through LSE was: £ 6,226,759,673 a change of 55.63%
29/08/2024 FTSE Closed at 8379 points. Change of 0.43%. Total value traded through LSE was: £ 4,000,918,799 a change of 4.23%
28/08/2024 FTSE Closed at 8343 points. Change of -0.02%. Total value traded through LSE was: £ 3,838,365,101 a change of -20.19%
27/08/2024 FTSE Closed at 8345 points. Change of -100%. Total value traded through LSE was: £ 4,809,416,803 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AAL Anglo American** **LSE:AFC AFC Energy** **LSE:BP. BP PLC** **LSE:FGP Firstgroup** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:MKS Marks and Spencer** **LSE:TLW Tullow** **LSE:TSCO Tesco** **

********

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Etsy Inc (NASDAQ:ETSY) trading at 54.78 at time of writing

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

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

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

 

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

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

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

For now, we fear the worst.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:49:18PM BRENT 7362 Success
10:52:25PM GOLD 2492.63 ditto
10:59:06PM FTSE 8258 8244 8227 8162 8285 8320 8343 8376 8287 ditto
11:28:32PM STOX50 4878 ditto
11:32:26PM GERMANY 18641.9 ditto
11:36:04PM US500 5525.7 5504 5500 5448 5540 5580 5597 5628 5552 ditto
11:41:25PM DOW 40938 ditto
11:45:56PM NASDAQ 18943 ditto
11:49:07PM JAPAN 37661 ditto

 

3/09/2024 FTSE Closed at 8298 points. Change of -0.78%. Total value traded through LSE was: £ 4,935,106,783 a change of 50.92%
2/09/2024 FTSE Closed at 8363 points. Change of -0.16%. Total value traded through LSE was: £ 3,270,019,742 a change of -47.48%
30/08/2024 FTSE Closed at 8376 points. Change of -0.04%. Total value traded through LSE was: £ 6,226,759,673 a change of 55.63%
29/08/2024 FTSE Closed at 8379 points. Change of 0.43%. Total value traded through LSE was: £ 4,000,918,799 a change of 4.23%
28/08/2024 FTSE Closed at 8343 points. Change of -0.02%. Total value traded through LSE was: £ 3,838,365,101 a change of -20.19%
27/08/2024 FTSE Closed at 8345 points. Change of 0.22%. Total value traded through LSE was: £ 4,809,416,803 a change of 12.18%
26/08/2024 FTSE Closed at 8327 points. Change of -100%. Total value traded through LSE was: £ 4,287,242,825 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AAL Anglo American** **LSE:AFC AFC Energy** **LSE:AZN Astrazeneca** **LSE:BP. BP PLC** **LSE:GENL Genel** **LSE:IQE IQE** **LSE:MKS Marks and Spencer** **LSE:SBRY Sainsbury** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **

********

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Posted on

Diversified Energy Co Plc (LSE:DEC) trading at 890 at time of writing.

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

 

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

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

 

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

 

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

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

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

 

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

 

 

FUTURES

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

 

2/09/2024 FTSE Closed at 8363 points. Change of -0.16%. Total value traded through LSE was: £ 3,270,019,742 a change of -47.48%
30/08/2024 FTSE Closed at 8376 points. Change of -0.04%. Total value traded through LSE was: £ 6,226,759,673 a change of 55.63%
29/08/2024 FTSE Closed at 8379 points. Change of 0.43%. Total value traded through LSE was: £ 4,000,918,799 a change of 4.23%
28/08/2024 FTSE Closed at 8343 points. Change of -0.02%. Total value traded through LSE was: £ 3,838,365,101 a change of -20.19%
27/08/2024 FTSE Closed at 8345 points. Change of 0.22%. Total value traded through LSE was: £ 4,809,416,803 a change of 12.18%
26/08/2024 FTSE Closed at 8327 points. Change of 0.47%. Total value traded through LSE was: £ 4,287,242,825 a change of -9.07%
22/08/2024 FTSE Closed at 8288 points. Change of -100%. Total value traded through LSE was: £ 4,714,962,713 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:FOXT Foxtons** **LSE:GRG Greggs** **LSE:SBRY Sainsbury** **LSE:TERN Tern Plc** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **

********

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

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

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

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

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

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

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

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

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

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

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

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

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

Posted on

Barclays Plc (LSE:BARC) trading at 228.4 at time of writing

#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.

 

 

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…

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** **

********

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

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

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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

Posted on

Our Famed FTSE for FRIDAY

#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.

 

 

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…

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,

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