Author: T&T Staff

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

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

 

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

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

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

 

 

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FUTURES

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

 

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

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

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

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

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

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

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

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:EMG MAN** **LSE:IHG Intercontinental Hotels Group** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:OPG OPG Power Ventures** **

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

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

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

 

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

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

 

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FUTURES

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

 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

#Gold #Japan  The end of July brought some really strange movements to the markets, forcing us to emblazon “nothing makes sense” against an astounding 5 different types of futures. As usual, it’s probably the UK’s fault with the Bank of England speculated to lower interest rates from their criminally high levels. The Futures market appears to be taking this as “a sure thing”, desperately trying to factor in the rises, a helpful feature intended to stop traders worrying about taking profit from market gains while the world celebrates something positive finally happening.

We’re not entirely convinced the markets have fully factored in the potentials, given the FTSE (for instance) could easily out accelerate everyone else, given our potential target level at 8482 points. It’d only be fair, given the FTSE ability to languish behind every other market. If only the stock markets actually “did” fair, instead tending to mimic the Metropolitan Police by only going after easy targets and dodging the hard ones. Somehow, there seems to be a belief folk in the UK miss the obvious. Reports across Europe of knife crimes are being blamed on folk with mental health issues, while folk protesting are labelled as “Right Wing Activists”.  As always, a compliant UK media fails to offer any serious investigation as to what’s going on, the UK press now at the stage of not being able to give away newspapers in some areas.

 

In a few hours we should know what’s ahead for UK Interest Rates but meanwhile, we’re once again slightly interested in Brent Crude, the product almost at the point where it must start dripping lower. Usually, this is the time when we cynically expect OPEC to announce something drastic or the Saudi’s to experience a fire, and more commonly, Russia accused of something heinous, thus causing the price of oil to spike. This being the case, we shall not be aghast if movement next above 8200 provokes a surge in the direction of an initial 8490 with our secondary, if beaten, at 8785.

Our distrust of “obviously independent” market forces in based on harsh experience, teaching us when the markets reach a point where something must happen, always expect the exact opposite too. It’s a dreadful way to think but successfully handles the possibility of being utterly wrong.

If the price of Brent Crude intends play fair, below 7800 cents currently looks capable of generating reversal to an initial 6859 with our secondary, if broken, at 6087 and the potential for a bounce. As a caution, we’ve painted a third level target on the bounce, should such a secondary break, and it works out as a bottom of 50 dollars.

 

In the words of pop group, The Kaiser Chiefs, all we can say (in slightly bad taste) is “We predict a Riot…”

 

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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
1:21:46AM	BRENT	8143									‘cess
1:33:04AM	GOLD	2445.94	2436	2431	2413	2447	2450	2465	2486	2443	Success
1:37:06AM	FTSE	8384									Success
1:39:45AM	STOX50	4880.6									Success
1:44:37AM	GERMANY	18501									Success
1:47:57AM	US500	5553.6
1:50:02AM	DOW	40908									‘cess
1:53:16AM	NASDAQ	19527									‘cess
1:55:54AM	JAPAN	38175	37955	36220	34131	38706	38774	39070	39467	38550	Success

 

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

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

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

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

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

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

23/07/2024 FTSE Closed at 8167 points. Change of -0.38%. Total value traded through LSE was: £ 5,265,250,514 a change of 15.55%

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:AV. Aviva** **LSE:BDEV Barrett Devs** **LSE:CAR Carclo** **LSE:GRG Greggs** **LSE:IPF International Personal Finance** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Aviva, Barrett Devs, Carclo, Greggs, International Personal Finance, Marks and Spencer, National Glib, Sainsbury, Scancell, Tesco, Taylor Wimpey,

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LSE:AV. Aviva. Close Mid-Price: 500.2 Percentage Change: + 0.34% Day High: 504.6 Day Low: 498.5

Continued trades against AV. with a mid-price ABOVE 504.6 should improve ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 526.6 Percentage Change: + 0.04% Day High: 538.2 Day Low: 527.6

Further movement against Barrett Devs ABOVE 538.2 should improve accelera ……..

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LSE:CAR Carclo Close Mid-Price: 32.4 Percentage Change: -3.57% Day High: 35.8 Day Low: 32.6

Continued trades against CAR with a mid-price ABOVE 35.8 should improve t ……..

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LSE:GRG Greggs. Close Mid-Price: 3134 Percentage Change: + 1.69% Day High: 3138 Day Low: 3086

Continued trades against GRG with a mid-price ABOVE 3138 should improve t ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 154 Percentage Change: + 11.59% Day High: 155.5 Day Low: 139

Target met. Continued trades against IPF with a mid-price ABOVE 155.5 sho ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 328.3 Percentage Change: -0.91% Day High: 334 Day Low: 326.4

In the event of Marks and Spencer enjoying further trades beyond 334, the ……..

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LSE:NG. National Glib. Close Mid-Price: 986 Percentage Change: + 0.61% Day High: 992.2 Day Low: 983

In the event of National Glib enjoying further trades beyond 992.2, the s ……..

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LSE:SBRY Sainsbury Close Mid-Price: 275.4 Percentage Change: -0.79% Day High: 279.4 Day Low: 275

In the event of Sainsbury enjoying further trades beyond 279.4, the share ……..

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LSE:SCLP Scancell. Close Mid-Price: 15.5 Percentage Change: + 0.00% Day High: 15.75 Day Low: 15.03

Continued trades against SCLP with a mid-price ABOVE 15.75 should improve ……..

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LSE:TSCO Tesco Close Mid-Price: 331.6 Percentage Change: -0.03% Day High: 334.2 Day Low: 330.5

Target met. Continued trades against TSCO with a mid-price ABOVE 334.2 sh ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 159.35 Percentage Change: + 0.50% Day High: 163.25 Day Low: 159.2

Target met. Further movement against Taylor Wimpey ABOVE 163.25 should im ……..

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

#FTSE #DOW  Retail can be a funny old business, an area in which rather a few business’ in Scotland utterly fail. For instance, visiting one of the more impressive local beaches on Monday, with wry amusement we noticed the once fabulous cafe positioned overlooking this secret treasure on the local Isle of Bute was closed both Sunday and Tuesday. Hot tip: Check tides before visiting as a 1 mile walk awaits across wet sands at low tide until you arrive at the sea. On a hot day, dogs are not amused.

The constant incompetence of Scotlands retail industry to become a service industry has always been a national embarrassment and despite significant changes over the years, ingrained habits remain. As easy “for instance” exists in the impoverished town of Dunoon in Argyll, somewhere you do not want to try and get a fish supper on a Sunday. We’d driven off the ferry, deciding it would be nice to munch an a chippy for the drive home in Argyll. All of the towns Fish’n’Chip shops shut on a Sunday, emphatically not a religious thing. The Argyll town of Dunoon compares itself as always losing out to Oban, yet fails to realise it’s raining soup and they’ve not discovered soup bowls.

 

Okay, this is a pet gripe, literally due to making a mistake on Sunday after watching the Grand Prix with friends, then thinking we’d get a takeaway to munch for dinner, on the final leg of the way home. And on Tuesday, deciding to have lunch at Ettrick Bay Cafe proved a terrible idea, especially as the dogs always look forward to their ice cream. It was shut. Instead, we discovered the nearest post office had also opened a cafe, along with an outdoors area with fabulous views of surrounding buildings. But the food was great, the new owners delighted in our praise for the changes.

Scottish Retail, or Service Industry, is certainly an area where the Scottish Government should probably appoint a Tsar, a successfully retailer whose retired from a multi-national like M&S. It’s funny, my own father received quite a lot of stick, when he opted to open his car showrooms on a Sunday, the usual complaints being based on religion, along with damaging the family unit. The crafty sod ensured us children were gainfully employed, thereafter, and I grudgingly recall his “award” of 15p an hour, along with a time card, for my services! Of course, keen to abuse the system, I would happily cycle to an outlet after school, clocking in and spending time making tea or pushing a broom. Or more commonly, sitting in a discrete corner of an office, listening to the chatter. One week, the payroll dragon, a terrifying lady called Mrs Banner, pointed out to my Dad I’d over 60 hours on my time card. This privilege was revoked but I was given “dibs” on checking trade-ins at weekends, searching for coins under the rear seats. This was often a profitable exercise, eventually paying for my first motorcycle, a clapped out 1949 AJS 500 single.

 

This has quite a lot to do with M&S, a company which has often ignored norms in retail and simply pushed ahead. Their initiative with M&S Food merging with prime location retail filling stations was the first clue the company were thinking outside the box with the initial outlets remaining rather successful. And despite the terrible social mood in the UK, M&S share price looks extremely capable of providing further improvements, despite some terrible behaviour since 2020.

Currently, above 333p looks capable of provoking a rise to an extremely important 344p, a big deal from a Big Picture perspective and leaving the share “at risk” of entering a longer term cycle to an initial 430p with our secondary, if beaten, a future attraction from 501p.

And this sermon is, why Argyll food outlets should not all shut on a Sunday! M&S share price needs below 285 to spark a panic as it risks an eventual reversal to 177p.

 

 

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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
10:20:04PM	BRENT	7845.6	7802	7724	7528	8032	7924	7956	8008	7856	‘cess
10:23:24PM	GOLD	2410.57	2382	2372	2358	2399	2414	2422	2430	2404	‘cess
10:33:19PM	FTSE	8282.4	8233	8174	8109	8282	8302	8364	8465	8232	Success
10:46:38PM	STOX50	4829.8	4808	4803	4783	4834	4855	4861	4879	4835	‘cess
10:50:47PM	GERMANY	18393	18297	18271	18205	18440	18460	18508	18578	18380
10:53:53PM	US500	5413.9	5395	5384	5347	5436	5456	5476	5503	5426	Success
10:58:22PM	DOW	40548.5	40480	40337	40160	40672	40912	41012	42008	40395	‘cess
11:02:38PM	NASDAQ	18723.9	18576	18144	17280	19038	19165	19396	19665	18933
11:06:47PM	JAPAN	38074	37896	37772	37454	38209	38710	38781	39257	38587

 

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

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

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

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

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

23/07/2024 FTSE Closed at 8167 points. Change of -0.38%. Total value traded through LSE was: £ 5,265,250,514 a change of 15.55%

22/07/2024 FTSE Closed at 8198 points. Change of 0.53%. Total value traded through LSE was: £ 4,556,598,316 a change of 4.43%

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:AV. Aviva** **LSE:CAR Carclo** **LSE:DGE Diageo** **LSE:GRG Greggs** **LSE:IGG IG Group** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **

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Updated charts published on : Aviva, Carclo, Diageo, Greggs, IG Group, Just Eat, Marks and Spencer, Sainsbury, Scancell,

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LSE:AV. Aviva. Close Mid-Price: 498.5 Percentage Change: + 1.10% Day High: 500 Day Low: 491.8

All Aviva needs are mid-price trades ABOVE 500 to improve acceleration to ……..

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LSE:CAR Carclo. Close Mid-Price: 33.6 Percentage Change: + 0.30% Day High: 34.8 Day Low: 34.4

All Carclo needs are mid-price trades ABOVE 34.8 to improve acceleration ……..

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LSE:DGE Diageo Close Mid-Price: 2418 Percentage Change: -5.08% Day High: 2436.5 Day Low: 2275

Target met. Continued weakness against DGE taking the price below 2275 ca ……..

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LSE:GRG Greggs. Close Mid-Price: 3082 Percentage Change: + 4.97% Day High: 3122 Day Low: 2914

Target met. In the event of Greggs enjoying further trades beyond 3122, t ……..

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LSE:IGG IG Group Close Mid-Price: 934 Percentage Change: -0.59% Day High: 946.5 Day Low: 929.5

Further movement against IG Group ABOVE 946.5 should improve acceleration ……..

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LSE:JET Just Eat. Close Mid-Price: 914 Percentage Change: + 2.01% Day High: 917 Day Low: 889

Weakness on Just Eat below 889 will invariably lead to 860p with secondar ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 331.3 Percentage Change: + 1.81% Day High: 331.4 Day Low: 323.5

Target met. Continued trades against MKS with a mid-price ABOVE 331.4 sho ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 277.6 Percentage Change: + 1.31% Day High: 278.2 Day Low: 272.8

Target met. Further movement against Sainsbury ABOVE 278.2 should improve ……..

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LSE:SCLP Scancell. Close Mid-Price: 15.5 Percentage Change: + 6.90% Day High: 15.5 Day Low: 14.5

Target met. All Scancell needs are mid-price trades ABOVE 15.5 to improve ……..

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

#Gold #SP500 As a country, France knows a thing or two about chaotic movements, as witnessed by those with sufficient patience to watch what was probably the worst opening ceremony in Olympic history. We decided to do something more interesting, therefore missing the part which got the internet in an uproar, but there was a distinct feeling if the organisers were trying to save money, they should have looked at the opening titles from Je Sans Frontieres back in the Jurassic period which ended in 1999. It’s a pity, because the original “It’s A Knockout” theme of pitting town against town, city against city, was deliberately funny, a notion the international version adhered to. But the opening ceremony of the games managed to embrace irony, little realising the international ridicule about to be heaped on France. Just what was Lady GaGa, a usually astounding live singer, doing lip syncing to the world?

For instance, the idea of various boats carrying national teams had some merit but it would have been more amusing, if other teams on the shore were trying to hit them with water cannon, big balls, or if all else fails, trebuchets. Such a concept would have saved me from doing some gardening.

Anyway, the four year festival of cheap broadcasting for TV has commenced, TV stations fulfilling their licence requirements and not worrying about viewer figures as they are not suffering production costs. It can be guessed our household are not fans of the games, football, rugby, tennis, or whatever other garbage reality is being hyped as watchable. Until the last 4 F1 races, even motorsport had found itself hanging on a shoogly hook (Scottish term for a screw hook wound into plasterboard)…

 

Air France share price is also looking like it may be on a “shoogly hook”, somehow managing to look more dangerous than IAG (aka British Airways etc), the airlines price movements looking less choreographed than its parent country’s Olympic ceremony. Last year, the company share price firmly exceeded their pre-pandemic 10 Euro level, making it appear good times were ahead. Instead, the share price feels like it may be moving in concert with France’s internal issues and this being the case, we should now anticipate the worst. We’ve actually got two pretty strong arguments favouring our conclusion, hence being a little emphatic about it.

Next below 7.75€ suggests coming weakness in Air France down to 6.74 and hopefully a bounce. The 6.74€ level is a bit of a problem as it’s difficult to calculate below such a level. We obviously did a little work and came up with a secondary at 4.3 Euro but we don’t entirely trust this concept. Essentially the two arguments favouring 6.74 do not currently leave the potential for anything below such a level.

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:06:22PM	GOLD	2382.11	2370	2363	2349	2385	2404	2409	2422	2386
11:07:52PM	BRENT	7909	7863	7844	7735	7938	7960	7991	8034	7900	‘cess
11:16:29PM	FTSE	8285.2	8278	8269	8238	8295	8333	8413	8464	8313	‘cess
11:19:14PM	STOX50	4828.2	4811	4802	4770	4831	4846	4858	4874	4822	‘cess
12:33:52AM	GERMANY	18362.6	18310	18230	18124	18386	18548	18716	18921	18417	‘cess
12:39:24AM	US500	5456.2	5454	5440	5421	5467	5497	5521	5564	5462
12:43:23AM	DOW	40487	40387	40323	40157	40581	40821	40856	41204	40636	Shambles
1:01:36AM	NASDAQ	18994.7	18897	18857	18734	19091	19236	19397	19619	19074
1:12:53AM	JAPAN	38212	38503	36476	34449	38735	38724	38808	39293	38303

 

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

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

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

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

23/07/2024 FTSE Closed at 8167 points. Change of -0.38%. Total value traded through LSE was: £ 5,265,250,514 a change of 15.55%

22/07/2024 FTSE Closed at 8198 points. Change of 0.53%. Total value traded through LSE was: £ 4,556,598,316 a change of 4.43%

19/07/2024 FTSE Closed at 8155 points. Change of -0.6%. Total value traded through LSE was: £ 4,363,233,367 a change of 1.99%

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:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CAR Carclo** **LSE:IGG IG Group** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:SRP Serco** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

********

Updated charts published on : Barclays, Barrett Devs, Carclo, IG Group, Marks and Spencer, National Glib, Natwest, Ocado Plc, Serco, Tesco, Taylor Wimpey, Vodafone,

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LSE:BARC Barclays. Close Mid-Price: 232.75 Percentage Change: + 0.58% Day High: 236.9 Day Low: 231.55

Further movement against Barclays ABOVE 236.9 should improve acceleration ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 527.6 Percentage Change: + 1.50% Day High: 529 Day Low: 517.8

In the event of Barrett Devs enjoying further trades beyond 529, the shar ……..

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LSE:CAR Carclo. Close Mid-Price: 33.5 Percentage Change: + 6.69% Day High: 34 Day Low: 31.6

In the event of Carclo enjoying further trades beyond 34, the share shoul ……..

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LSE:IGG IG Group. Close Mid-Price: 939.5 Percentage Change: + 0.54% Day High: 945 Day Low: 928

Target met. In the event of IG Group enjoying further trades beyond 945, ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 325.4 Percentage Change: -0.09% Day High: 328.7 Day Low: 325.2

Further movement against Marks and Spencer ABOVE 328.7 should improve acc ……..

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LSE:NG. National Glib. Close Mid-Price: 979 Percentage Change: + 0.49% Day High: 987.6 Day Low: 976.2

Further movement against National Glib ABOVE 987.6 should improve acceler ……..

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LSE:NWG Natwest. Close Mid-Price: 371.4 Percentage Change: + 2.63% Day High: 372.7 Day Low: 364

Continued trades against NWG with a mid-price ABOVE 372.7 should improve ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 432.6 Percentage Change: -2.98% Day High: 453.3 Day Low: 432.3

Continued trades against OCDO with a mid-price ABOVE 453.3 should improve ……..

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LSE:SRP Serco Close Mid-Price: 193.1 Percentage Change: -0.46% Day High: 195.4 Day Low: 191.6

Target met. In the event of Serco enjoying further trades beyond 195.4, t ……..

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LSE:TSCO Tesco. Close Mid-Price: 330.9 Percentage Change: + 1.16% Day High: 333.5 Day Low: 328.2

Target met. All Tesco needs are mid-price trades ABOVE 333.5 to improve a ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 159.65 Percentage Change: + 0.47% Day High: 161.35 Day Low: 159.3

Target met. Continued trades against TW. with a mid-price ABOVE 161.35 sh ……..

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LSE:VOD Vodafone. Close Mid-Price: 73.22 Percentage Change: + 0.00% Day High: 74.74 Day Low: 73.22

All Vodafone needs are mid-price trades ABOVE 74.74 to improve accelerati ……..

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

#Brent #Dax  The Belgian GP provided the usual quota of chaos, culminating in the race victor being disqualified due to cheating with a light car and his team mate propelled to first place in his stead. It is interesting to note the last time this happened in a race was also Belgium some years ago, Michael Schumacher finding himself ejected from the race. However, congratulations to Mr Hamilton for yet another race win, finishing well ahead of the current championship leader for the 4th time in succession.

Unfortunately, with Formula 1 now taking its summer holidays and the stock market readying itself to hibernate for August, all we can immediately point to is our forecast for Natwest three weeks ago. We predicted some hesitation was expected at the 340p level and wow, did it happen! The share price hit 340p last week with a similar impact to an F1 Mercedes hitting the F1 rulebook. We shall admit to being a little smug but were truly surprised on Friday, when the bank share price produced a substantial gap, propelled over the nasty 340p level and gapped UP by a significant 25p to a price level not seen since 2015. This means we now need to open the Big Picture door and adopt to a different outlook.

Essentially, now above 369p points at the potential of a lift to an initial 377 with our secondary, if beaten, a longer term 396p. Overall, our calculations highlight a future 470 as exerting the influence Toast with Jam used to do to wasps. What’s weird this year has been lower numbers of the stinging monsters, almost as if they opted to complete their life cycle a month early. Even the hated Scottish Midge has virtually vanished but regardless, it looks like 470p can be regarded as the ruling attraction for Natwest.

What’s a bit odd about this is the irritating difficulty we are experiencing, trying to find a reason for the price being “gapped up”. It’s obviously extremely unlikely they adopted this movement, because Trends and Targets pointed out an issue at the 340p level. Instead, it’s usually the case we get busy with our crayons in an invariably successful attempt to find a trend line we missed. Worryingly, in this instance, we cannot establish any sort of trend but only can come to the dodgy conclusion the market somehow managed to use the same arithmetic we did, a calculation which pointed at 340p as being a problem. We are not that arrogant, honestly, despite the proof above.

As is said when logic breaks down, “go figger”….

 

For Natwest now to fall into the clutches of despair, the share price needs below an unlikely 300p.

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
11:06:24PM	BRENT	8043	7932	7875	7797	7998	8171	8230	8330	8113
11:15:23PM	GOLD									2388
11:37:03PM	FTSE									8273
11:52:05PM	STOX50									4862
11:54:32PM	GERMANY	18499.9	18219	18128	18000	18466	18514	18537	18684	18426
11:59:04PM	US500									8273
12:01:27AM	DOW									40555
12:04:53AM	NASDAQ									19010
12:08:45AM	JAPAN									38024

 

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

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

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

23/07/2024 FTSE Closed at 8167 points. Change of -0.38%. Total value traded through LSE was: £ 5,265,250,514 a change of 15.55%

22/07/2024 FTSE Closed at 8198 points. Change of 0.53%. Total value traded through LSE was: £ 4,556,598,316 a change of 4.43%

19/07/2024 FTSE Closed at 8155 points. Change of -0.6%. Total value traded through LSE was: £ 4,363,233,367 a change of 1.99%

18/07/2024 FTSE Closed at 8204 points. Change of 0.21%. Total value traded through LSE was: £ 4,278,080,573 a change of -5.62%

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:BBY BALFOUR BEATTY** **LSE:IDS International Distribution** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:SRP Serco** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

********

Updated charts published on : BALFOUR BEATTY, International Distribution, IG Group, International Personal Finance, National Glib, Natwest, Ocado Plc, Serco, Tesco, Taylor Wimpey, Vodafone,

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 426.8 Percentage Change: + 2.74% Day High: 430 Day Low: 410.2

In the event of BALFOUR BEATTY enjoying further trades beyond 430, the sh ……..

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LSE:IDS International Distribution. Close Mid-Price: 345.6 Percentage Change: + 0.52% Day High: 348.4 Day Low: 339.8

Continued trades against IDS with a mid-price ABOVE 348.4 should improve ……..

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LSE:IGG IG Group. Close Mid-Price: 934.5 Percentage Change: + 3.66% Day High: 931.5 Day Low: 891

Target met. Continued trades against IGG with a mid-price ABOVE 931.5 sho ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 137.5 Percentage Change: + 1.85% Day High: 140.5 Day Low: 135

Target met. All International Personal Finance needs are mid-price trades ……..

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LSE:NG. National Glib. Close Mid-Price: 974.2 Percentage Change: + 1.14% Day High: 976.6 Day Low: 961.2

Continued trades against NG. with a mid-price ABOVE 976.6 should improve ……..

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LSE:NWG Natwest. Close Mid-Price: 361.9 Percentage Change: + 7.04% Day High: 368.8 Day Low: 356.1

Target met. All Natwest needs are mid-price trades ABOVE 368.8 to improve ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 445.9 Percentage Change: + 4.79% Day High: 452.1 Day Low: 424.7

Target met. All Ocado Plc needs are mid-price trades ABOVE 452.1 to impro ……..

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LSE:SRP Serco. Close Mid-Price: 194 Percentage Change: + 2.05% Day High: 194.6 Day Low: 185.6

Further movement against Serco ABOVE 194.6 should improve acceleration to ……..

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LSE:TSCO Tesco. Close Mid-Price: 327.1 Percentage Change: + 0.46% Day High: 328.6 Day Low: 323.4

Target met. In the event of Tesco enjoying further trades beyond 328.6, t ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 158.9 Percentage Change: + 1.53% Day High: 159.9 Day Low: 156.25

All Taylor Wimpey needs are mid-price trades ABOVE 159.9 to improve accel ……..

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LSE:VOD Vodafone. Close Mid-Price: 73.22 Percentage Change: + 1.50% Day High: 73.32 Day Low: 71.9

In the event of Vodafone enjoying further trades beyond 73.32, the share ……..

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

#FTSE #Broccoli  A lot can happen in a week. Unless it’s to do with the FTSE as, last week, we discussed the ridiculous Sine Wave which the market has been describing since June of this year.  The FTSE managed to ignore last weekend Grand Prix being interesting yet again, and the USA finding itself with a President who claims he will be unfit to run the country for the next 4 years, yet can work reliably until the November election. Of course, there was the unmissable grilling of the head of the US Secret Service by an angry senate (watch the Forbes channel on YouTube) which made anything dished out by our UK politicians to a corrupt Post Office management sound akin to a 6 year old telling off a 5 year old. Needless to say, the head of the US SS eventually resigned.

Until Thursday, the FTSE doddled along like a Just Stop Oil protestor (used) to do. If these people would start a campaign to ‘Just Stop Broccoli and Asparagus’, the nation might get behind them. But everything may have changed on Thursday as the FTSE broken the sin of the Sine cycle. Unfortunately it was with movement within the opening 90 minutes of trade, so we really distrust the drop as it all felt very manufactured and artificial, just like Lando Norris’ team mate victory last weekend in Hungary.

 

Essentially, we suspect the plunge at the open on Thursday shall prove to be a “fake”, a movement designed to commit traders to short positions as there was no doubt the market had broken trend. However, by Thursday afternoon, the market change direction, climbing remorselessly from 8057 points to close the day at 8185 points, a very unusual 128 point gain.

Should this positive flow of energy continue, we shall not be surprised if movement above the Green 8200 point median of the imaginary Sine Wave triggers recovery. We can calculate an initial 8224 points with our secondary, if bettered working out at 8280 points. If triggered, the tightest stop is fairly wide at 8120 points though we suspect 8150 shall probably suffice.

As always, there’s a fly in the ointment and it comes from how Futures are currently trading. Despite the FTSE closing the session at 8185 points, Futures are sprinkling pixy dust everywhere, running at 8222 at time of writing. In the very likely event the market is spiked upward to our initial target level of 8224, we would expect some relaxation toward the 8200 level within the first hour before a surprise climb sets in. Or so we hope. Of course, beware if the FTSE is actually “gapped” up to our target level at the open as this will make reversal less likely.

 

So many numbers, so little time…

 

As usual, we can present a converse scenario and it kicks in, should the index make it below 8150 points. Movement such as this risks promoting reversal to an initial 8121 with our secondary, if broken, at 8084 points.

Have a good weekend. Hopefully the Belgian Grand Prix supplies its usual quota of trouble on track! And that will be it for a month as they all go to Butlins.

 

 

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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
11:24:58PM	BRENT	8137.8	8039	7902		8158	8156	8185		8103
11:27:24PM	GOLD	2364.05	2353	2328		2383	2383	2395		2365	Success
11:30:09PM	FTSE	8203.7	8056	8019		8119	8222	8233		8196	Success
11:34:37PM	STOX50	4811.8	4801	4766		4835	4843	4867		4817	Success
11:37:30PM	GERMANY	18294	18095	18006		18180	18372	18458		18280	Success
11:39:43PM	US500	5410.8	5391	5352		5435	5454	5476		5422	‘cess
12:28:08AM	DOW	40025.5	39811	39534		39994	40355	40417		40054	Success
12:31:44AM	NASDAQ	18865	18725	18530		18893	19084	19196		18949	Shambles
12:34:14AM	JAPAN	37793	37342	36964		37647	38144	38310		37854

 

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

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

23/07/2024 FTSE Closed at 8167 points. Change of -0.38%. Total value traded through LSE was: £ 5,265,250,514 a change of 15.55%

22/07/2024 FTSE Closed at 8198 points. Change of 0.53%. Total value traded through LSE was: £ 4,556,598,316 a change of 4.43%

19/07/2024 FTSE Closed at 8155 points. Change of -0.6%. Total value traded through LSE was: £ 4,363,233,367 a change of 1.99%

18/07/2024 FTSE Closed at 8204 points. Change of 0.21%. Total value traded through LSE was: £ 4,278,080,573 a change of -5.62%

17/07/2024 FTSE Closed at 8187 points. Change of 0.28%. Total value traded through LSE was: £ 4,532,847,996 a change of 7.45%

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

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

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

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

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

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

Click Epic to jump to share: LSE:CAR Carclo** **LSE:IDS International Distribution** **LSE:IGG IG Group** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:SCLP Scancell** **

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Updated charts published on : Carclo, International Distribution, IG Group, Just Eat, Lloyds Grp., Scancell,

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LSE:CAR Carclo. Close Mid-Price: 32.6 Percentage Change: + 10.88% Day High: 33.6 Day Low: 31

Target met. Further movement against Carclo ABOVE 33.6 should improve acc ……..

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LSE:IDS International Distribution Close Mid-Price: 343.8 Percentage Change: -0.06% Day High: 344.4 Day Low: 341

Further movement against International Distribution ABOVE 344.4 should im ……..

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LSE:IGG IG Group. Close Mid-Price: 901.5 Percentage Change: + 6.69% Day High: 897 Day Low: 823.5

Target met. All IG Group needs are mid-price trades ABOVE 897 to improve ……..

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LSE:JET Just Eat Close Mid-Price: 913 Percentage Change: -0.22% Day High: 919 Day Low: 890

Target met. In the event Just Eat experiences weakness below 890 it calcu ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 60.64 Percentage Change: + 1.64% Day High: 60.8 Day Low: 57

Target met. In the event of Lloyds Grp. enjoying further trades beyond 61 ……..

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LSE:SCLP Scancell. Close Mid-Price: 14.5 Percentage Change: + 0.00% Day High: 14.85 Day Low: 13.75

Target met. In the event of Scancell enjoying further trades beyond 15p, ……..

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