Author: T&T Staff

#FTSE #GOLD  The chart below, painting a picture of comparative performance by Wall St, The Dax, and The FTSE since the pandemic low of 2020, doesn’t show the UK in a great light. Wall St, more than doubling from 19000 points to 39000 points, the DAX, also more than doubling from 8000 points to 18000, and the FTSE going from 5000 points to just 8400 points. It’s not a pretty picture, vividly showing how painful the UK market has been underperforming during the last four years. But to keep current, the Spanish stock exchange, the Ibex35, has “only” moved from 6000 points to 11000, nearly double and substantially ahead of the FTSE. Perhaps this doesn’t bode well for Sunday and the football match which is getting harder to ignore.

 

As for the FTSE, we’d expected the UK to be flat while the election played out to its forgone conclusion. The days since the result have proven pretty placid in a period when other markets have felt like they intend go higher than immediate logic allows. The Nasdaq for instance calculated with a theoretical “top” around 20,200 and this week has seen the index briefly head to 20,400 points before slightly reversing. Perhaps we are about ready to enter a period where the FTSE breaks free of its malaise and produce some gains?

If we’re correct in our theory, above just 8234 points should trigger FTSE gains to an initial 8258 points with our longer term secondary, if bettered, at a more useful 8300 points. Of triggered, the tightest stop could be tight at 8190 but we really prefer 8177 as a stop loss level. From a Big Picture viewpoint, should such a lift occur, we can calculate a future 8456 as apparently presenting a sensible target. Visually, we shall be concerned should the UK index make it to such a price level as it matches the highs from May of this year, presenting an image where any excuse for market jitters could easily provoke a series of nasty reversals in the months ahead.

 

Our immediate converse scenario shows with any movement below 8177 risking triggering reversals to an initial 8107 points with our secondary, if broken, a less likely 8050 points. Visually, there’s obviously a reasonable argument to anticipate a rebound from the 8107 level, if such a calamity presents.

 

Have a good weekend and do remember, if out rioting with football fans, wear a mask to remain safe…

 

 

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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
12:15:44AM	BRENT	8534.5	8386	8336		8492	8570	8648		8474
12:19:45AM	GOLD	2412.39	2372	2356		2387	2425	2431		2405	Success
12:22:25AM	FTSE	8226.9	8188	8175		8214	8235	8256		8195
12:24:56AM	STOX50	4970.3	4962	4946		4980	5009	5024		4969	‘cess
12:27:28AM	GERMANY	18526	18414	18369		18514	18582	18640		18502	Success
12:31:17AM	US500	5592.5	5576	5557		5597	5653	5780		5570	Success
12:34:50AM	DOW	39822.5	39618	39546		39740	39874	39970		39700	‘cess
12:37:56AM	NASDAQ	20242	20200	20147		20279	20320	20359		20233	‘cess
12:42:43AM	JAPAN	41714	41472	41087		41709	41877	41906		41621	Success

 

11/07/2024 FTSE Closed at 8223 points. Change of 0.37%. Total value traded through LSE was: £ 4,843,565,860 a change of 2.51%

10/07/2024 FTSE Closed at 8193 points. Change of 0.66%. Total value traded through LSE was: £ 4,725,141,160 a change of -14.23%

9/07/2024 FTSE Closed at 8139 points. Change of -0.66%. Total value traded through LSE was: £ 5,509,291,048 a change of 31.2%

8/07/2024 FTSE Closed at 8193 points. Change of -0.12%. Total value traded through LSE was: £ 4,199,265,800 a change of -27.16%

5/07/2024 FTSE Closed at 8203 points. Change of -0.46%. Total value traded through LSE was: £ 5,765,215,799 a change of 61.04%

4/07/2024 FTSE Closed at 8241 points. Change of 0.86%. Total value traded through LSE was: £ 3,579,962,751 a change of -46.51%

3/07/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: £ 6,692,388,368 a change of 28.25%

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:AVCT Avacta** **LSE:BBY BALFOUR BEATTY** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:SBRY Sainsbury** **LSE:SDY Speedyhire** **LSE:SMT Scottish Mortgage Investment Trust** **

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Updated charts published on : Avacta, BALFOUR BEATTY, ITM Power, National Glib, Sainsbury, Speedyhire, Scottish Mortgage Investment Trust,

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LSE:AVCT Avacta Close Mid-Price: 79.5 Percentage Change: -3.64% Day High: 86 Day Low: 75

Further movement against Avacta ABOVE 86 should improve acceleration towa ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 402.6 Percentage Change: + 0.85% Day High: 403.8 Day Low: 397.2

Target met. Further movement against BALFOUR BEATTY ABOVE 403.8 should im ……..

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LSE:ITM ITM Power. Close Mid-Price: 63.9 Percentage Change: + 9.61% Day High: 63.5 Day Low: 58.65

Continued trades against ITM with a mid-price ABOVE 63.5 should improve t ……..

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LSE:NG. National Glib. Close Mid-Price: 958.4 Percentage Change: + 1.78% Day High: 969.4 Day Low: 941

All National Glib needs are mid-price trades ABOVE 969.4 to improve accel ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 268 Percentage Change: + 2.76% Day High: 268.2 Day Low: 261.4

Continued trades against SBRY with a mid-price ABOVE 268.2 should improve ……..

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LSE:SDY Speedyhire. Close Mid-Price: 40.1 Percentage Change: + 5.11% Day High: 40 Day Low: 37.95

Target met. All Speedyhire needs are mid-price trades ABOVE 40 to improve ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 904.8 Percentage Change: + 0.53% Day High: 911 Day Low: 900.8

Further movement against Scottish Mortgage Investment Trust ABOVE 911 sho ……..

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

#Gold #SP500  The name of this company has long brought a whimsical smile, always hoping the TV cartoon characters “The Smurfs” were somehow derived from the company name. It was quite disappointing to discover the company was formed in Ireland, named after Jefferson Smurfit in Dublin during 1934. Over the years since, the company has taken over quite a few other companies in the packaging field, most recently WestRock and again changing their identity to Smurfit Westrock from Smurfit Kappa.

With the change of name came a change of moniker for the stock markets, LSE:SWR replacing LSE:SKG with an associated loss of historical trading data!

We’ve cheated a little on the chart below, merging the history of Smurfit Kappa with the just three sessions of the new listing, hopefully giving a reasonable clue as to what is happening as there is insufficient data to justify the positive statements being issued about the “new” listing. Maybe they are correct as we’ve not investigated WestRock, other than to discover the new entity is regarded as one of the worlds largest paper and packaging producers. Maybe there is indeed a possibility of it soaring to new highs.

 

Currently, above just 3900 works out with the potential of triggering share price movement to an initial 4368p. Our secondary, should such a level be exceeded, calculates at a longer term 4805 and the potential for some hesitation for a while. At such a level, it shall certainly require another review.

Our converse scenario, if things intend go wrong, requires the share price to dip below 3300p as this risks provoking reversal to an initial 3043 with our secondary, should such a level be broken, coming in at a less likely longer term 2705p. We judge this to be “less likely” as it would break the uptrend since 2020, something few shares are currently doing.

 

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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
12:44:03AM	BRENT	8521.4
12:47:28AM	GOLD	2372.09	2367	2364	2356	2376	2384	2389	2402	2374	Success
12:50:53AM	FTSE	8202.8									Success
12:54:04AM	STOX50	4968
12:56:42AM	GERMANY	18448.9									Success
1:01:04AM	US500	5929.2	5616	5609	5600	5624	5638	5640	5721	5628
1:04:32AM	DOW	39691.8									Success
1:10:25AM	NASDAQ	20655									Success
1:13:48AM	JAPAN	42343									‘cess

 

10/07/2024 FTSE Closed at 8193 points. Change of 0.66%. Total value traded through LSE was: £ 4,725,141,160 a change of -14.23%

9/07/2024 FTSE Closed at 8139 points. Change of -0.66%. Total value traded through LSE was: £ 5,509,291,048 a change of 31.2%

8/07/2024 FTSE Closed at 8193 points. Change of -0.12%. Total value traded through LSE was: £ 4,199,265,800 a change of -27.16%

5/07/2024 FTSE Closed at 8203 points. Change of -0.46%. Total value traded through LSE was: £ 5,765,215,799 a change of 61.04%

4/07/2024 FTSE Closed at 8241 points. Change of 0.86%. Total value traded through LSE was: £ 3,579,962,751 a change of -46.51%

3/07/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: £ 6,692,388,368 a change of 28.25%

2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89%

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:AVCT Avacta** **LSE:IAG British Airways** **LSE:IPF International Personal Finance** **LSE:NG. National Glib** **LSE:SDY Speedyhire** **LSE:VOD Vodafone** **

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Updated charts published on : Avacta, British Airways, International Personal Finance, National Glib, Speedyhire, Vodafone,

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LSE:AVCT Avacta. Close Mid-Price: 82.5 Percentage Change: + 10.74% Day High: 83.5 Day Low: 74.05

Target met. Continued trades against AVCT with a mid-price ABOVE 83.5 sho ……..

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LSE:IAG British Airways. Close Mid-Price: 178 Percentage Change: + 2.95% Day High: 180.3 Day Low: 176.75

In the event of British Airways enjoying further trades beyond 180.3, th ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 131.5 Percentage Change: + 2.33% Day High: 135 Day Low: 128

Further movement against International Personal Finance ABOVE 135 should ……..

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LSE:NG. National Glib. Close Mid-Price: 941.6 Percentage Change: + 1.27% Day High: 945 Day Low: 932.4

In the event of National Glib enjoying further trades beyond 945, the sha ……..

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LSE:SDY Speedyhire. Close Mid-Price: 38.15 Percentage Change: + 5.10% Day High: 38.3 Day Low: 37.25

Target met. In the event of Speedyhire enjoying further trades beyond 38. ……..

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LSE:VOD Vodafone. Close Mid-Price: 72.44 Percentage Change: + 2.03% Day High: 72.9 Day Low: 71.16

Further movement against Vodafone ABOVE 72.9 should improve acceleration ……..

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

#FTSE #SP500  One of the more amusing articles on trading recently revealed Julie Barr (a company ‘insider’) had acquired further shares in the company stock, purchasing a total of 25 shares with a transaction value of just over 152 quid.  This earth shattering purchase somehow justified a full page, writing about nothing, and we suspect given the timing, it probably related to a friendly bet about the general election result.

The makers of 125 year old Irn-Bru, along with a few other notable soft drinks, apparently remain outselling the conventional Coke and Pepsi companies in Scotland. We’ve been impressed by the company failing to join the other majors in price gouging during the last few years, ignoring the situation where Pepsi now costs more per litre than petrol or diesel, Coca Cola remaining not far behind. Unsurprisingly, there are expectations of the company sales improving considerably this year.

 

The company share price is now trading at levels not seen since 2020, giving some hope for further improvements in performance this year. The situation now suggests movements exceeding just 630p should trigger further share price gains to an initial 674p with our secondary, if bettered, an eventual 751p. Visually, there is certainly the threat of some hesitation at the 674p level, given it matches the share price highs following the circled manipulation drop from 2019.

Should things intend flatten out once again, below 577p risks a visit to an initial 540p with our secondary, if broken, at an eventual 512p and a possible rebound.

 

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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
9:07:32PM	BRENT	8465.5									‘cess
10:11:44PM	GOLD	2363.69
10:16:09PM	FTSE	8151.7	8149	8125	8070	8175	8174	8187	8206	8150	‘cess
10:22:28PM	STOX50	4902.9									‘cess
10:26:31PM	GERMANY	18244									‘cess
10:29:34PM	US500	5578.1	5574	5571	5564	5582	5592	5596	5603	5580	‘cess
10:32:11PM	DOW	39287.5									‘cess
10:34:53PM	NASDAQ	20457.8									‘cess
10:39:43PM	JAPAN	41524									Success

 

9/07/2024 FTSE Closed at 8139 points. Change of -0.66%. Total value traded through LSE was: £ 5,509,291,048 a change of 31.2%

8/07/2024 FTSE Closed at 8193 points. Change of -0.12%. Total value traded through LSE was: £ 4,199,265,800 a change of -27.16%

5/07/2024 FTSE Closed at 8203 points. Change of -0.46%. Total value traded through LSE was: £ 5,765,215,799 a change of 61.04%

4/07/2024 FTSE Closed at 8241 points. Change of 0.86%. Total value traded through LSE was: £ 3,579,962,751 a change of -46.51%

3/07/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: £ 6,692,388,368 a change of 28.25%

2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89%

1/07/2024 FTSE Closed at 8166 points. Change of 0.02%. Total value traded through LSE was: £ 4,792,112,455 a change of -7.38%

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:AVCT Avacta** **LSE:BBY BALFOUR BEATTY** **LSE:NG. National Glib** **LSE:STAR Star Energy** **

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Updated charts published on : Avacta, BALFOUR BEATTY, National Glib, Star Energy,

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LSE:AVCT Avacta. Close Mid-Price: 74.5 Percentage Change: + 6.43% Day High: 77.5 Day Low: 70

Target met. All Avacta needs are mid-price trades ABOVE 77.5 to improve a ……..

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 392.4 Percentage Change: -0.76% Day High: 398.6 Day Low: 388.2

In the event of BALFOUR BEATTY enjoying further trades beyond 398.6, the ……..

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LSE:NG. National Glib. Close Mid-Price: 929.8 Percentage Change: + 0.13% Day High: 943.4 Day Low: 927

Further movement against National Glib ABOVE 943.4 should improve acceler ……..

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LSE:STAR Star Energy. Close Mid-Price: 8.05 Percentage Change: + 1.64% Day High: 7.98 Day Low: 7.98

In the event of Star Energy enjoying further trades beyond 7.98, the shar ……..

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

#Gold #WallSt  A flurry of emails about this justifies taking another look, this share price providing considerable disappointment since we last took a glance at them. What surprised us was the impression given of the main supplier of Helium being the hated hydrocarbon industry, while Helium One were sitting on top of a new supply of the gas. Logically, their share price should have flourished yet the utter opposite has been true.

 

However, it feels like something important has finally changed with this share price, so perhaps we can all rush out and buy party balloons again.

The share price has had a Blue downtrend since 2021 and finally the share price has opted to close above this line. From our perspective, this ticks the first box for optimism. Secondly, the share price has now closed above any level since mid-April, giving a slight chance of a higher high and ticking the second box. And third, on 20th June, something quite strange happened with the share price spiked down for no apparent reason during the mornings trading, this potentially being an early signal some positive action could be hoped for. When the share price closed above 1p last week, we were inclined to take this as confirmation for positive movement.

 

The immediate situation suggests above 1.49p could potentially trigger movement to an initial 1.92p with our secondary, if such a level is exceeded, calculating at an eventual 2.45p. Visually, there is a fairly strong impression the 2,45p level shall provide some hesitation, due to it matching a series of previous highs. Our usual logic demands the share price close above 2.45p before becoming excited for the future and once again, it looks viable in this particular case.

In such a scenario, we will report again but currently suspect a future 6p shall provide a ruling attraction.

Worth watching. We hope.

 

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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
11:12:57PM	BRENT	8555.2									‘cess
11:15:27PM	GOLD	2358.48	2351	2345	2329	2361	2380	2388	2400	2368
11:17:49PM	FTSE	8206.8									‘cess
11:20:29PM	STOX50	4964.7									‘cess
11:23:44PM	GERMANY	18476.8
11:28:45PM	US500	5576.5
11:31:29PM	DOW	39358	39272	39203	39044	39363	39680	39780	40068	39508	Success
11:34:19PM	NASDAQ	20470
11:37:08PM	JAPAN	40958

8/07/2024 FTSE Closed at 8193 points. Change of -0.12%. Total value traded through LSE was: £ 4,199,265,800 a change of -27.16%

5/07/2024 FTSE Closed at 8203 points. Change of -0.46%. Total value traded through LSE was: £ 5,765,215,799 a change of 61.04%

4/07/2024 FTSE Closed at 8241 points. Change of 0.86%. Total value traded through LSE was: £ 3,579,962,751 a change of -46.51%

3/07/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: £ 6,692,388,368 a change of 28.25%

2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89%

1/07/2024 FTSE Closed at 8166 points. Change of 0.02%. Total value traded through LSE was: £ 4,792,112,455 a change of -7.38%

28/06/2024 FTSE Closed at 8164 points. Change of -0.18%. Total value traded through LSE was: £ 5,173,992,876 a change of 2.7%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BBY BALFOUR BEATTY** **LSE:CAR Carclo** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:SDY Speedyhire** **

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Updated charts published on : BALFOUR BEATTY, Carclo, British Airways, ITM Power, Lloyds Grp., National Glib, Natwest, Speedyhire,

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 395.4 Percentage Change: + 1.38% Day High: 397.8 Day Low: 390.8

Continued trades against BBY with a mid-price ABOVE 397.8 should improve ……..

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LSE:CAR Carclo. Close Mid-Price: 20.8 Percentage Change: + 6.67% Day High: 21.4 Day Low: 20.2

All Carclo needs are mid-price trades ABOVE 21.4 to improve acceleration ……..

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LSE:IAG British Airways. Close Mid-Price: 176.1 Percentage Change: + 1.97% Day High: 177.6 Day Low: 171.3

Further movement against British Airways ABOVE 177.6 should improve acce ……..

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LSE:ITM ITM Power. Close Mid-Price: 59.35 Percentage Change: + 17.87% Day High: 60.15 Day Low: 53.25

Target met. In the event of ITM Power enjoying further trades beyond 60.1 ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 59.02 Percentage Change: + 1.27% Day High: 59.32 Day Low: 58.1

Continued trades against LLOY with a mid-price ABOVE 59.32 should improve ……..

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LSE:NG. National Glib. Close Mid-Price: 928.6 Percentage Change: + 0.06% Day High: 935.2 Day Low: 922

Continued trades against NG. with a mid-price ABOVE 935.2 should improve ……..

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LSE:NWG Natwest. Close Mid-Price: 329.4 Percentage Change: + 1.42% Day High: 332.6 Day Low: 323.6

Target met. All Natwest needs are mid-price trades ABOVE 332.6 to improve ……..

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LSE:SDY Speedyhire. Close Mid-Price: 37.15 Percentage Change: + 2.20% Day High: 37.5 Day Low: 36.6

Further movement against Speedyhire ABOVE 37.5 should improve acceleratio ……..

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

#Brent #Dax  It has been a good start to July, a proper Formula1 race, finally, and even happening at the UK Silverstone circuit. And in Scotland, a massive number of failed SNP MP’s were fired by an electorate who finally realised they only represented their wallets, rather than the voters. Amusingly, gossip tells the feat was enacted due to Labour and Conservative activists, knocking on doors and recommending voters which party was best to vote for to unseat the incumbent SNP MP. Apparently it was truly strange have Red rosette wearing canvassers recommending the local Conservative nominee and vice versa.

Then we had the race at Silverstone, the track looking like it had imported weather from Scotland with a couple of outbreaks of rain bringing real entertainment. Usually, from Lap 10 to Lap 40, this race brings an excuse for a nap or in Sundays case, time to cut the grass at the front of the house. Alas, the grass remained uncut, along with a truly impressive outbreak of dandelions, as even going through to the kitchen to make a coffee become a difficult decision. In fact, it was Lap 42 before the realisation we could pause live TV dawned. Better still, Louis Hamilton won fair and square, not competing with his team, car, or race management for a change.

 

So, with all this good news, it’s only fair we should now anticipate the potential of further good times for retail bank, Natwest Group Plc.

This isn’t exactly a tongue in cheek outlook as from a chart perspective, something positive seems to be happening. In the three weeks since our previous report, Natwest has carefully avoided dipping below 300p with the share price remaining in positive territory. The situation now imparts considerable hope with movement above 329p suggesting recovery to a significant 340p, a price level where some hesitation is expected. Our secondary, should such a level be exceeded, calculates at a longer term 382p, a pretty solid step on a path to a future 468p.

As always, we can toss a converse scenario into the mix with the share price needing to slip below 307p to potentially trigger reversals to 292p and a very hopeful rebound. If broken, our secondary works out at 279p, once again dumping the share price into stodgy territory from which enthusiasm for recovery shall become muted.

 

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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
10:59:00PM	BRENT	8688	8640	8574	8503	8700	8785	8853	8960	8704
11:01:27PM	GOLD	2391.19
11:05:04PM	FTSE	8209.3
11:07:16PM	STOX50	4975.3
11:09:34PM	GERMANY	18484.3	19418	17838	17229	19489	19665	18736	18837	18576
11:11:45PM	US500	5561.8
11:14:05PM	DOW	39337
11:16:15PM	NASDAQ	20381.5
11:18:18PM	JAPAN	40958

 

5/07/2024 FTSE Closed at 8203 points. Change of -0.46%. Total value traded through LSE was: £ 5,765,215,799 a change of 61.04%

4/07/2024 FTSE Closed at 8241 points. Change of 0.86%. Total value traded through LSE was: £ 3,579,962,751 a change of -46.51%

3/07/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: £ 6,692,388,368 a change of 28.25%

2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89%

1/07/2024 FTSE Closed at 8166 points. Change of 0.02%. Total value traded through LSE was: £ 4,792,112,455 a change of -7.38%

28/06/2024 FTSE Closed at 8164 points. Change of -0.18%. Total value traded through LSE was: £ 5,173,992,876 a change of 2.7%

27/06/2024 FTSE Closed at 8179 points. Change of -0.56%. Total value traded through LSE was: £ 5,037,946,434 a change of -10.36%

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.

#FTSE #GOLD  We tried something new on Thursday evening, watching FTSE futures in conjunction with results being released in the General Election. So far, the exercise has been quite fascinating, currently with glimpses of panic at the rate Futures were climbing. While writing this, FTSE Futures were just gapped DOWN by 15 points in what looks like a visible attempt to slow things down.

Of course, this isn’t a real problem, probably quite the opposite, as it reduces the chances of the FTSE being spiked up massively at the open on Friday morning. This usually creates a situation where within 90 minutes or so, the market starts to rewind the effects of the spike unless the index is gapped up at the start of the spike. For instance, should the opening second of trade should a gap from 8241 points to 8255 points, immediately followed by gains to around 8265 points, there shall be a very good chance of the day being quite positive. But should the market opt to show the first seconds of trade with trades to 8465, our confidence for a good day will be quite damaged. It can be assumed we expect the FTSE to open the day around 8265 unless some sort of massive political upset occurs.

Up here in Scotland, quite a different set of circumstances prevails with a certain outcome looking like the 3rd largest party in Westminster, the SNP, being utterly humiliated. The blame is being laid firmly at the door of Sturgeon and what looks like corrupt behaviour by her and the cabal. There’s doubtless going to be a civil war within the SNP when the troughers fired from Westminster believe they deserve a seat in the gravy train that is the Scottish parliament. Time to order some popcorn while being amused at the fight.

 

For the FTSE, it looks like above 8265 points could trigger movement to an initial 8301 points with our secondary, if beaten, calculating at 8367 points. If triggered, the tightest stop loss level looks reasonable at 8225 and given movement such as this shall place the UK index in a region where a long term cycle to 8465 should commence, that’s a reasonable number for a stop.

Our converse scenario, if things decide to go wrong, needs the index to fall below 8207 to ring alarm bells, risking triggering reversal to 8158 with secondary, if broken, at 8086 points.

 

Have a good weekend. Hopefully the British Grand Prix produces some entertainment. Austria last weekend was quite boring, until the last few laps which brought real racing.

 

 

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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
10:07:04PM	BRENT	8745.8	8374	8214		8564	8434	8811		8521
10:10:35PM	GOLD	2356.3	2351	2347		2360	2362	2365		2351
10:40:56PM	FTSE	8257	8226	8214		8242	8261	8287		8228	Success
10:43:31PM	STOX50	4993.5	4955	4948		4981	4995	5011		4965	‘cess
10:46:18PM	GERMANY	18453	18386	18357		18421	18467	18517		18395
10:49:09PM	US500	5531.9	5502	5485		5515	5541	5554		5502
10:51:37PM	DOW	39336	39286	39252		39355	39440	39486		39313
10:54:22PM	NASDAQ	20144	19966	19870		20040	20177	20235		19966
10:58:26PM	JAPAN	40860	40504	40380		40738	40976	41346		40598	Success

 

4/07/2024 FTSE Closed at 8241 points. Change of 0.86%. Total value traded through LSE was: £ 3,579,962,751 a change of -46.51%

3/07/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: £ 6,692,388,368 a change of 28.25%

2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89%

1/07/2024 FTSE Closed at 8166 points. Change of 0.02%. Total value traded through LSE was: £ 4,792,112,455 a change of -7.38%

28/06/2024 FTSE Closed at 8164 points. Change of -0.18%. Total value traded through LSE was: £ 5,173,992,876 a change of 2.7%

27/06/2024 FTSE Closed at 8179 points. Change of -0.56%. Total value traded through LSE was: £ 5,037,946,434 a change of -10.36%

26/06/2024 FTSE Closed at 8225 points. Change of -0.27%. Total value traded through LSE was: £ 5,620,185,904 a change of 8.13%

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:AVCT Avacta** **LSE:BARC Barclays** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:NG. National Glib** **LSE:STAR Star Energy** **

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Updated charts published on : Avacta, Barclays, British Airways, IG Group, ITM Power, ITV, National Glib, Star Energy,

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LSE:AVCT Avacta. Close Mid-Price: 67 Percentage Change: + 14.04% Day High: 67.75 Day Low: 58.65

Target met. Further movement against Avacta ABOVE 68 should improve accel ……..

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LSE:BARC Barclays. Close Mid-Price: 224.35 Percentage Change: + 2.84% Day High: 224.5 Day Low: 219

All Barclays needs are mid-price trades ABOVE 224.5 to improve accelerati ……..

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LSE:IAG British Airways. Close Mid-Price: 174.65 Percentage Change: + 0.75% Day High: 176.2 Day Low: 172.55

Continued trades against IAG with a mid-price ABOVE 176.2 should improve ……..

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LSE:IGG IG Group. Close Mid-Price: 837 Percentage Change: + 0.48% Day High: 839.5 Day Low: 832

In the event of IG Group enjoying further trades beyond 839.5, the share ……..

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LSE:ITM ITM Power. Close Mid-Price: 49.26 Percentage Change: + 0.45% Day High: 51 Day Low: 48.2

All ITM Power needs are mid-price trades ABOVE 51 to improve acceleration ……..

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LSE:ITV ITV Close Mid-Price: 82.8 Percentage Change: -0.30% Day High: 83.55 Day Low: 82.05

Continued trades against ITV with a mid-price ABOVE 83.55 should improve ……..

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LSE:NG. National Glib. Close Mid-Price: 922.6 Percentage Change: + 1.14% Day High: 919.6 Day Low: 908.6

In the event of National Glib enjoying further trades beyond 919.6, the s ……..

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LSE:STAR Star Energy. Close Mid-Price: 7.95 Percentage Change: + 1.53% Day High: 0 Day Low: 0

Continued trades against STAR with a mid-price ABOVE 7.95 should improve ……..

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

#Gold #Stoxx50  We’d suspected the rolling pandemic of elections around the world were going to provide a bumper year for the polling company, YouGov. This illusion was shattered, when the company issued a profit warning on 20th June, a point when everything went south for the share price, the market moving it from 800p to 576p in the blink of an eye. It transpires the bread and butter of YouGov’s income actually comes from surveys carried out for companies into their customer behaviour, a business area which has seen a reduction in contracts apparently.

It actually makes some sense, if slicing the logic for a survey down to absolute basics.

“Q; Why Are Our Sales Down?”

“A; Your Prices Are Too High!”

It’s not exactly rocket science and doubtless quite a few organisations opted not to waste money seeking answers which were literally written in the sky, if you count jet contrails. Alternately, it appears far easier to find parking spaces at the major supermarkets, yet Aldi and Lidl can be a real nuisance. In any case, Aldi is worth it, just for their Wagyu beef burgers!

 

We’ve a reasonable suspicion YouGov share price may have discovered a floor at the 400p level. This scenario shall be confirmed, if movement above just 435p should trigger recovery to an initial 450p with our secondary, if exceeded, at 488p. At such a level, it becomes essential for the share to close a session above 488p to confirm bottom is “in”, effectively painting a future 559 as a viable third level target. Unfortunately, at this time, we are unable to project any recovery capable of moving the share above the Red uptrend since 2016.

Should trouble be brewing, the share price needs vote below 400p as it risks a freefall to 182 and a probable “ultimate bottom”, a price level below which we cannot calculate.

 

 

 

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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
11:02:21PM	BRENT	8700.2
11:07:13PM	GOLD	2356.74	2319	2298	2276	2340	2366	2378	2426	2320	Success
11:11:46PM	FTSE	8186.5
11:13:35PM	STOX50	4972	4925	4907	4883	4945	4980	4992	5033	4954
11:16:30PM	GERMANY	18399.9									Success
11:19:48PM	US500	5531.9									‘cess
11:23:26PM	DOW	39292									‘cess
11:26:39PM	NASDAQ	20168									‘cess
11:28:57PM	JAPAN	40671									Success

 

3/07/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: £ 6,692,388,368 a change of 28.25%

2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89%

1/07/2024 FTSE Closed at 8166 points. Change of 0.02%. Total value traded through LSE was: £ 4,792,112,455 a change of -7.38%

28/06/2024 FTSE Closed at 8164 points. Change of -0.18%. Total value traded through LSE was: £ 5,173,992,876 a change of 2.7%

27/06/2024 FTSE Closed at 8179 points. Change of -0.56%. Total value traded through LSE was: £ 5,037,946,434 a change of -10.36%

26/06/2024 FTSE Closed at 8225 points. Change of -0.27%. Total value traded through LSE was: £ 5,620,185,904 a change of 8.13%

25/06/2024 FTSE Closed at 8247 points. Change of -0.41%. Total value traded through LSE was: £ 5,197,523,885 a change of -1.46%

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:AVCT Avacta** **LSE:BME B & M** **LSE:CAR Carclo** **LSE:IAG British Airways** **LSE:SDY Speedyhire** **

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Updated charts published on : Avacta, B & M, Carclo, British Airways, Speedyhire,

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LSE:AVCT Avacta. Close Mid-Price: 58.75 Percentage Change: + 5.29% Day High: 61.5 Day Low: 55

Target met. Continued trades against AVCT with a mid-price ABOVE 61.5 sho ……..

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LSE:BME B & M Close Mid-Price: 435.9 Percentage Change: -0.84% Day High: 441.5 Day Low: 433.7

If B & M experiences continued weakness below 433.7, it will invariably l ……..

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LSE:CAR Carclo. Close Mid-Price: 20.05 Percentage Change: + 1.26% Day High: 21 Day Low: 20

In the event of Carclo enjoying further trades beyond 21, the share shoul ……..

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LSE:IAG British Airways. Close Mid-Price: 173.35 Percentage Change: + 5.51% Day High: 173.4 Day Low: 164.35

#Continued weakness against IAG taking the price below 159 calculates as l ……..

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LSE:SDY Speedyhire. Close Mid-Price: 35.1 Percentage Change: + 0.29% Day High: 36.2 Day Low: 34.85

All Speedyhire needs are mid-price trades ABOVE 36.2 to improve accelerat ……..

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