Author: T&T Staff

#FTSE #Gold

This week has been utterly banana’s across the markets, not just the FTSE, lots of rises which proved fake and short lived, some falls which appear uncertain and again, short lived. In an effort to throw some light on potential market directions, we took a look at Thursdays closing prices across a range of index’. The results proved as illuminating as a worn out toothbrush.

 

Index	Thursday Close	Thursday Low	Previous Low	Conclusion	Change %
S&P 500	3645	3610	3623	Lower Low	-0.36
Stoxx 50	3273	3249	3260	Lower Low	-0.34
UK AIM	798	798	799	Lower Low	-0.13
France	5676	5628	5653	Lower Low	-0.44
Wall St	29237	28997	28953	Higher Low	0.15
Nasdaq	11169	11038	11167	Lower Low	-1.17
Germany	11957	11866	11862	Higher Low	0.03
UK FTSE	6864	6829	6836	Lower Low	-0.10

As can be seen in the table above, where markets closed Thursday with “Lower Lows”, the resultant percentage wasn’t entirely scary. Equally, on the two index where the market closed with High Lows, the percentage improvement didn’t exactly set the heather on fire. About the best we dare conclude from the above is fairly obvious, 6 out of 8 markets achieved Lower Lows with the result we should really suspect some continuance of grotty market conditions. The strange thing is, we’ve been suspecting the UK market shall bottom around 6750 for some time and the index is within a nod of achieving such a goal. To be honest, this suspected “bottom” is now being adjusted upward to around 6783 points, thanks to the utterly insane market swings experienced in the last couple of sessions. But making matters worse, these insane swings also introduce a Plus or Minus 20 points against this potential bottom!

There’s another question we’d like to skip neatly past but, what happens if our original 6750 level breaks? It feels like the FTSE shall continue to enjoy inflicting misery on traders as we expect a real bottom to make itself known at 6500 points. It’s perhaps worth remembering, on a daily basis we scan many shares and this week has seen a truly excessive number of UK stocks triggering downward movements.

 

From a near term perspective, the FTSE apparently requires to exceed 6917 points to trigger the potential of surprise recovery to an initial 6941 points. If bettered, our secondary calculation comes in at a more encouraging 7013 points.

The converse picture is less happy as below 6829 works out with reversal potentials to an initial 6770 with secondary, if broken, at 6718, taking the index into a region where a bottom around 6500 starts to look extremely probable.

To eradicate all this misery, the UK index needs a miracle above 7179 points, something which currently looks quite impossible.

On the bright side, it’s the Singapore Grand Prix this weekend and we’d like to thank one of our clients for sparing an invitation to visit and watch the race from his shack! <joking>

Have a good weekend.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:22:49PM	BRENT	87.53	86.21	85.66		88.38	88.78	89.5975		86.7	‘cess
9:24:24PM	GOLD	1660.62	1641	1634		1651	1665	1668		1655	‘cess
9:30:20PM	FTSE	6883.81	6842	6818		6872	6922	6935		6860	‘cess
9:32:32PM	STOX50	3295.2	3246	3227		3279	3305	3311		3275	Success
9:34:58PM	GERMANY	12002	11865	11769		12025	12045	12102		11950	Success
9:37:37PM	US500	3642	3607	3596		3649	3697	3724		3658
9:40:01PM	DOW	29235	28971	28812		29384	29712	29863		29451
9:42:36PM	NASDAQ	11162	11024	10920		11209	11209	11271		11094	Success
9:45:33PM	JAPAN	26156	26017	25875		26122	26235	26281		26124

29/09/2022 FTSE Closed at 6881 points. Change of -1.77%. Total value traded through LSE was: £ 7,098,757,750 a change of -12.95%

28/09/2022 FTSE Closed at 7005 points. Change of 0.3%. Total value traded through LSE was: £ 8,154,391,132 a change of 17.78%

27/09/2022 FTSE Closed at 6984 points. Change of -0.51%. Total value traded through LSE was: £ 6,923,595,633 a change of 5.34%

26/09/2022 FTSE Closed at 7020 points. Change of 0.03%. Total value traded through LSE was: £ 6,572,681,049 a change of 1.53%

23/09/2022 FTSE Closed at 7018 points. Change of -1.97%. Total value traded through LSE was: £ 6,473,438,666 a change of 23.11%

22/09/2022 FTSE Closed at 7159 points. Change of -1.08%. Total value traded through LSE was: £ 5,258,363,393 a change of -10.68%

21/09/2022 FTSE Closed at 7237 points. Change of -100%. Total value traded through LSE was: £ 5,887,379,129 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DARK Darktrace Plc** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:ODX Omega Diags** **LSE:OXIG Oxford Instruments** **LSE:RBD Reabold Resources PLC** **LSE:SBRY Sainsbury** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

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Updated charts published on : AFC Energy, Applied Graphene, Aston Martin, Barclays, Barrett Devs, British Telecom, Centrica, Capita, Darktrace Plc, MAN, Firstgroup, Foxtons, HSBC, British Airways, Igas Energy, IG Group, Intertek, ITV, Lloyds Grp., Marks and Spencer, Ocado Plc, Omega Diags, Oxford Instruments, Reabold Resources PLC, Sainsbury, Scottish Mortgage Investment Trust, Tesco, Taylor Wimpey, Vodafone,

LSE:AFC AFC Energy Close Mid-Price: 17.76 Percentage Change: -3.84% Day High: 18.34 Day Low: 17.16

Weakness on AFC Energy below 17.16 will invariably lead to 16.5 with seco ……..

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LSE:AGM Applied Graphene Close Mid-Price: 14 Percentage Change: -3.45% Day High: 14.5 Day Low: 13.25

In the event Applied Graphene experiences weakness below 13.25 it calcula ……..

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LSE:AML Aston Martin Close Mid-Price: 125.45 Percentage Change: -11.81% Day High: 142.2 Day Low: 124.95

If Aston Martin experiences continued weakness below 124.95, it will inva ……..

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LSE:BARC Barclays Close Mid-Price: 144.66 Percentage Change: -4.25% Day High: 150.26 Day Low: 142.72

Weakness on Barclays below 142.72 will invariably lead to 128 with second ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 323.4 Percentage Change: -12.76% Day High: 341.8 Day Low: 317.8

Target met. Continued weakness against BDEV taking the price below 317.8 ……..

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LSE:BT.A British Telecom Close Mid-Price: 121.5 Percentage Change: -4.67% Day High: 127.15 Day Low: 120.8

Target met. If British Telecom experiences continued weakness below 120.8 ……..

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LSE:CNA Centrica Close Mid-Price: 72.22 Percentage Change: -4.45% Day High: 75.44 Day Low: 71.12

In the event Centrica experiences weakness below 71.12 it calculates with ……..

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LSE:CPI Capita Close Mid-Price: 23.62 Percentage Change: -6.42% Day High: 25.1 Day Low: 22.9

Continued weakness against CPI taking the price below 22.9 calculates as ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 299 Percentage Change: -4.72% Day High: 318.2 Day Low: 286.6

Target met. In the event Darktrace Plc experiences weakness below 286.6 i ……..

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LSE:EMG MAN Close Mid-Price: 217.4 Percentage Change: -6.90% Day High: 231.6 Day Low: 214.7

If MAN experiences continued weakness below 214.7, it will invariably lea ……..

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LSE:FGP Firstgroup Close Mid-Price: 104.6 Percentage Change: -3.33% Day High: 110 Day Low: 103.1

Weakness on Firstgroup below 103.1 will invariably lead to 102p. If broke ……..

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LSE:FOXT Foxtons Close Mid-Price: 30.55 Percentage Change: -7.42% Day High: 31.5 Day Low: 28.7

Target met. Continued weakness against FOXT taking the price below 28.7 c ……..

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LSE:HSBA HSBC Close Mid-Price: 467 Percentage Change: -3.40% Day High: 479.5 Day Low: 461.95

Target met. If HSBC experiences continued weakness below 461.95, it will ……..

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LSE:IAG British Airways Close Mid-Price: 94.67 Percentage Change: -5.05% Day High: 99.95 Day Low: 93.62

Target met. Continued weakness against IAG taking the price below 93.62 c ……..

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LSE:IGAS Igas Energy Close Mid-Price: 50.6 Percentage Change: -8.00% Day High: 56 Day Low: 49.5

In the event Igas Energy experiences weakness below 49.5 it calculates wi ……..

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LSE:IGG IG Group Close Mid-Price: 743.5 Percentage Change: -1.85% Day High: 759.5 Day Low: 736

If IG Group experiences continued weakness below 736, it will invariably ……..

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LSE:ITRK Intertek Close Mid-Price: 3688 Percentage Change: -2.38% Day High: 3744 Day Low: 3663

Weakness on Intertek below 3663 will invariably lead to 3597 with seconda ……..

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LSE:ITV ITV Close Mid-Price: 55.22 Percentage Change: -4.53% Day High: 58.1 Day Low: 53.98

Continued weakness against ITV taking the price below 53.98 calculates as ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 40.72 Percentage Change: -2.72% Day High: 41.98 Day Low: 40.44

Target met. If Lloyds Grp. experiences continued weakness below 40.44, it ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 95.54 Percentage Change: -7.87% Day High: 103.05 Day Low: 93.9

Target met. Weakness on Marks and Spencer below 93.9 will invariably lead ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 469.3 Percentage Change: -10.16% Day High: 512.8 Day Low: 468.4

Target met. If Ocado Plc experiences continued weakness below 468.4, it w ……..

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LSE:ODX Omega Diags Close Mid-Price: 2.4 Percentage Change: -4.00% Day High: 2.5 Day Low: 2.4

Continued weakness against ODX taking the price below 2.4 calculates as l ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 1764 Percentage Change: -1.12% Day High: 1782 Day Low: 1716

Target met. Weakness on Oxford Instruments below 1716 will invariably lea ……..

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.24 Percentage Change: -13.39% Day High: 0.29 Day Low: 0.22

Target met. If Reabold Resources PLC experiences continued weakness below ……..

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LSE:SBRY Sainsbury Close Mid-Price: 172.3 Percentage Change: -5.51% Day High: 181.35 Day Low: 172.3

Target met. Weakness on Sainsbury below 172.3 will invariably lead to 169 ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 763 Percentage Change: -5.78% Day High: 807 Day Low: 760.8

If Scottish Mortgage Investment Trust experiences continued weakness belo ……..

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LSE:TSCO Tesco Close Mid-Price: 200.3 Percentage Change: -5.30% Day High: 210.8 Day Low: 199.8

Target met. In the event Tesco experiences weakness below 199.8 it calcul ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 85.08 Percentage Change: -6.46% Day High: 89.56 Day Low: 83.18

Continued weakness against TW. taking the price below 83.18 calculates as ……..

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LSE:VOD Vodafone Close Mid-Price: 101.84 Percentage Change: -3.12% Day High: 105.28 Day Low: 101.2

If Vodafone experiences continued weakness below 101.2, it will invariabl ……..

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View Previous Vodafone & Big Picture ***

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

#Brent #DOW

With Halloween just about upon us, it appears apt the company who like to say “Boo” are scaring the pants off traders, their share price taking part in a ruthless quest to discover a bottom. Given the company share price value has reduced by 75% since the start of this year, there’s certainly quite a lot to find frightening.

The online clothing retailer recently reported a 10% fall in revenues for the last 6 months and warned they expect annual sales to be down by a similar amount. Taking the blame for the reduction in revenue has been the “cost of living” crisis as no-one could have forecast increasing prices would lead to a reduction in sales. Couple this with a (long overdue) policy of now charging customers £1.99 for returning unwanted items, and the salient detail people are now free to visit shops, it becomes inevitable Boohoo would be given a good reason to cry.

 

In normal circumstances, we’d be quite enthusiastic for the immediate future, due to share price movements on the 28th September. Unfortunately, the price was initially gapped downward at the open, then spiked downward to 30p. The forced downward movement was thus spoiled as, while a downward spike in the opening second will often presage a surprise rise in price, the fact the price was firstly gapped downward confuses the issue.

Our inclination is to step back and simply quote from our Big Picture arguments. Allegedly, weakness continuing below 30 should trigger further reversal to an initial 25p with secondary, if broken, down at 15p and an “ultimate” bottom, this being a price level we cannot calculate below. From the Big Picture perspective, the price almost must bounce before the 15p level is attained, if ever.

However, if we pretend the manipulation gap didn’t happen, some optimism is permitted. Above 41p should now trigger gains in the direction of an initial 47p with secondary, if bettered, at 62p. Visually, it looks like a glass ceiling awaits around the 62p price level, due to historical movements. During July and August, the market decided this to be a “shall not pass” level and doubtless traders surfing a current rise shall assume the same set of rules will apply, selling pressure creating a self fulfilling prophecy.

 

We do suspect Boohoo are about to enact a “surprise” slight recovery and believe it should be worth watching in the days ahead.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:19:16PM	BRENT	88.01	84.83	83.74	82.21	85.4	88.33	88.57	90.59	85.3
9:42:52PM	GOLD	1659
9:45:06PM	FTSE	7040									Success
9:47:15PM	STOX50	3361									Success
10:29:38PM	GERMANY	12288.88									Success
10:31:43PM	US500	3716									Success
10:34:46PM	DOW	29673	29107	28812	28473	29362	29835	30100	30527	29548	Shambles
10:37:10PM	NASDAQ	11483									Success
10:39:09PM	JAPAN	26681									Success

 

28/09/2022 FTSE Closed at 7005 points. Change of 0.3%. Total value traded through LSE was: £ 8,154,391,132 a change of 17.78%

27/09/2022 FTSE Closed at 6984 points. Change of -0.51%. Total value traded through LSE was: £ 6,923,595,633 a change of 5.34%

26/09/2022 FTSE Closed at 7020 points. Change of 0.03%. Total value traded through LSE was: £ 6,572,681,049 a change of 1.53%

23/09/2022 FTSE Closed at 7018 points. Change of -1.97%. Total value traded through LSE was: £ 6,473,438,666 a change of 23.11%

22/09/2022 FTSE Closed at 7159 points. Change of -1.08%. Total value traded through LSE was: £ 5,258,363,393 a change of -10.68%

21/09/2022 FTSE Closed at 7237 points. Change of 0.63%. Total value traded through LSE was: £ 5,887,379,129 a change of 9.29%

20/09/2022 FTSE Closed at 7192 points. Change of -100%. Total value traded through LSE was: £ 5,386,737,074 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:CNA Centrica** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:QFI Quadrise** **LSE:RMG Royal Mail** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SDY Speedyhire** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

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Updated charts published on : Aston Martin, Asos, Aviva, Barclays, Barrett Devs, British Telecom, Caspian, Centrica, EasyJet, Firstgroup, Hikma, HSBC, British Airways, Igas Energy, IG Group, ITV, Lloyds Grp., Marks and Spencer, National Glib, Ocado Plc, Oxford Instruments, Primary Health, Quadrise, Royal Mail, Rolls Royce, Sainsbury, Speedyhire, The Trainline, Tesco, Taylor Wimpey, Vodafone,

LSE:AML Aston Martin Close Mid-Price: 142.25 Percentage Change: -5.04% Day High: 146.2 Day Low: 129.15

Target met. Continued weakness against AML taking the price below 129.15 ……..

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LSE:ASC Asos. Close Mid-Price: 634 Percentage Change: + 1.52% Day High: 637.5 Day Low: 566

In the event Asos experiences weakness below 566 it calculates with a dro ……..

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LSE:AV. Aviva Close Mid-Price: 389 Percentage Change: -4.87% Day High: 405.2 Day Low: 373.5

Target met. Weakness on Aviva below 373.5 will invariably lead to 360 wit ……..

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LSE:BARC Barclays Close Mid-Price: 151.08 Percentage Change: -3.05% Day High: 154.3 Day Low: 146.5

In the event Barclays experiences weakness below 146.5 it calculates with ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 370.7 Percentage Change: + 2.89% Day High: 370.8 Day Low: 346.1

Weakness on Barrett Devs below 346.1 will invariably lead to 321 with sec ……..

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LSE:BT.A British Telecom. Close Mid-Price: 127.45 Percentage Change: + 1.51% Day High: 127.75 Day Low: 122.5

Target met. Continued weakness against BT.A taking the price below 122.5 ……..

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LSE:CASP Caspian Close Mid-Price: 2.75 Percentage Change: -3.51% Day High: 2.85 Day Low: 2.75

Weakness on Caspian below 2.75 will invariably lead to 2.2 with secondary ……..

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LSE:CNA Centrica. Close Mid-Price: 75.58 Percentage Change: + 2.30% Day High: 76.38 Day Low: 72.42

If Centrica experiences continued weakness below 72.42, it will invariabl ……..

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LSE:EZJ EasyJet Close Mid-Price: 297 Percentage Change: -1.26% Day High: 297.3 Day Low: 279

Target met. In the event EasyJet experiences weakness below 279 it calcul ……..

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LSE:FGP Firstgroup Close Mid-Price: 108.2 Percentage Change: -2.17% Day High: 110.8 Day Low: 105.1

If Firstgroup experiences continued weakness below 105.1, it will invaria ……..

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LSE:HIK Hikma. Close Mid-Price: 1390.5 Percentage Change: + 12.05% Day High: 1412.5 Day Low: 1236.5

In what looks like a major change of mood, above 1413 now projects the pos ……..

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LSE:HSBA HSBC Close Mid-Price: 483.45 Percentage Change: -2.47% Day High: 485.15 Day Low: 469.55

In the event HSBC experiences weakness below 469.55 it calculates with a ……..

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LSE:IAG British Airways Close Mid-Price: 99.71 Percentage Change: -1.90% Day High: 100.92 Day Low: 96.52

Weakness on British Airways below 96.52 will invariably lead to 94 with ……..

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LSE:IGAS Igas Energy Close Mid-Price: 55 Percentage Change: -8.33% Day High: 61 Day Low: 51.8

Continued weakness against IGAS taking the price below 51.8 calculates as ……..

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LSE:IGG IG Group Close Mid-Price: 757.5 Percentage Change: -0.39% Day High: 763 Day Low: 743

In the event IG Group experiences weakness below 743 it calculates with a ……..

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LSE:ITV ITV Close Mid-Price: 57.84 Percentage Change: -1.30% Day High: 58.16 Day Low: 54.94

Target met. If ITV experiences continued weakness below 54.94, it will in ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 41.85 Percentage Change: -3.31% Day High: 42.94 Day Low: 41.12

Weakness on Lloyds Grp. below 41.12 will invariably lead to 40.4 with sec ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 103.7 Percentage Change: + 1.37% Day High: 104.8 Day Low: 98.1

Target met. If Marks and Spencer experiences continued weakness below 98. ……..

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LSE:NG. National Glib. Close Mid-Price: 969.4 Percentage Change: + 2.24% Day High: 981.4 Day Low: 931.8

Target met. Weakness on National Glib below 931.8 will invariably lead to ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 522.4 Percentage Change: -3.47% Day High: 534.2 Day Low: 499

Target met. In the event Ocado Plc experiences weakness below 499 it calc ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 1784 Percentage Change: -0.45% Day High: 1792 Day Low: 1728

If Oxford Instruments experiences continued weakness below 1728, it will ……..

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LSE:PHP Primary Health. Close Mid-Price: 113.5 Percentage Change: + 2.99% Day High: 113.1 Day Low: 106.6

Target met. Continued weakness against PHP taking the price below 106.6 c ……..

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LSE:QFI Quadrise Close Mid-Price: 1.13 Percentage Change: -0.66% Day High: 1.12 Day Low: 1.1

If Quadrise experiences continued weakness below 1.1, it will invariably ……..

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LSE:RMG Royal Mail Close Mid-Price: 187.2 Percentage Change: -3.53% Day High: 190.05 Day Low: 177.15

Target met. If Royal Mail experiences continued weakness below 177.15, it ……..

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LSE:RR. Rolls Royce Close Mid-Price: 66.7 Percentage Change: -3.65% Day High: 68.38 Day Low: 64.48

Target met. Weakness on Rolls Royce below 64.48 will invariably lead to 6 ……..

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LSE:SBRY Sainsbury Close Mid-Price: 182.35 Percentage Change: -3.57% Day High: 187.3 Day Low: 177.25

Target met. Continued weakness against SBRY taking the price below 177.25 ……..

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LSE:SDY Speedyhire Close Mid-Price: 36.25 Percentage Change: -2.16% Day High: 37.8 Day Low: 35.55

If Speedyhire experiences continued weakness below 35.55, it will invaria ……..

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LSE:TRN The Trainline. Close Mid-Price: 307.5 Percentage Change: + 1.82% Day High: 326 Day Low: 287.7

Weakness on The Trainline below 287.7 will invariably lead to 266 with se ……..

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LSE:TSCO Tesco Close Mid-Price: 211.5 Percentage Change: -2.13% Day High: 215.3 Day Low: 206.5

Target met. Continued weakness against TSCO taking the price below 206.5 ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 90.96 Percentage Change: + 2.29% Day High: 91.54 Day Low: 84.76

Weakness on Taylor Wimpey below 84.76 will invariably lead to 61 with sec ……..

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LSE:VOD Vodafone Close Mid-Price: 105.12 Percentage Change: -0.42% Day High: 105.66 Day Low: 102.24

Target met. In the event Vodafone experiences weakness below 102.24 it ca ……..

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

#FTSE #SP500

Back in 1985, the UK enjoyed what was probably the most recent “real” Prime Minister in Margaret Thatcher, along with the release of Dire Straits cracker of a tune, “Money for Nothing”. Quite aptly, it also marked the last time Sterling collapsed against the Dollar, finding itself at a bottom of 1.05, marginally above the most recent fall from grace.

This time around, obviously entirely due to the lack of a “proper” Prime Minister, along with anyone producing decent music, we’re not convinced bottom is “in” for the GBPUSD relationship.

 

From our perspective, the problem comes from the pairing reaching 1.03x (the exact number varies depending on which platform data is taken from). From a Big Picture perspective, we’ve been expecting 1.01, perhaps even 0.99 as “bottom”. Perhaps it shall be the case residual strength in Sterling is presenting itself as capable of a solid bounce but, this being the case, movements in the last couple of days fail to inspire us with any confidence. In theory, the bounce should have ensured the pairing CLOSED Monday above 1.088 but despite briefly exceeding such a level, failed to close in relative safety. As a result, we suspect the agony may not be over for the UK Pound.

Maybe the UK Government needs rush out pound coins with the new Kings likeness stamped on them. That’ll do it! Or maybe not.

From a near term perspective, if weakness is indeed hiding within the pair, below 1.0610 looks capable of reversal to 1.0402 with secondary, if broken, down at 1.0160 from a near term perspective. Strangely, this is extremely close to 0.9986, the bottom the Big Picture almost demands must provide a bounce.

 

In the event the relationship manages above Mondays “spike” high of 1.095, there is apparently an encouraging potential of recovery to an initial 1.1353 with secondary, if beaten, at 1.2184.

Unfortunately, we feel duty bound to now mention Sterling is trading in a quite absurd area, one where we are allowed to mention 0.65 as the “ultimate” bottom.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:39:27PM	BRENT	84.59									Success
10:40:53PM	GOLD	1629.26
10:42:43PM	FTSE	6975	6954	6932	6886	6982	6981	6995	7015	6955
10:44:42PM	STOX50	3326.5									Shambles
10:47:35PM	GERMANY	12109									‘cess
10:49:36PM	US500	3652.37	3621	3606	3569	3660	3672	3678	3697	3656	Shambles
10:52:05PM	DOW	29176.5									Success
10:54:20PM	NASDAQ	11278									Shambles
10:56:36PM	JAPAN	26421

 

27/09/2022 FTSE Closed at 6984 points. Change of -0.51%. Total value traded through LSE was: £ 6,923,595,633 a change of 5.34%

26/09/2022 FTSE Closed at 7020 points. Change of 0.03%. Total value traded through LSE was: £ 6,572,681,049 a change of 1.53%

23/09/2022 FTSE Closed at 7018 points. Change of -1.97%. Total value traded through LSE was: £ 6,473,438,666 a change of 23.11%

22/09/2022 FTSE Closed at 7159 points. Change of -1.08%. Total value traded through LSE was: £ 5,258,363,393 a change of -10.68%

21/09/2022 FTSE Closed at 7237 points. Change of 0.63%. Total value traded through LSE was: £ 5,887,379,129 a change of 9.29%

20/09/2022 FTSE Closed at 7192 points. Change of -0.61%. Total value traded through LSE was: £ 5,386,737,074 a change of -59.64%

16/09/2022 FTSE Closed at 7236 points. Change of -100%. Total value traded through LSE was: £ 13,346,961,271 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:IGAS Igas Energy** **LSE:ITV ITV** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:PPC President Energy** **LSE:SBRY Sainsbury** **LSE:SDY Speedyhire** **LSE:TRN The Trainline** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Barrett Devs, British Telecom, Igas Energy, ITV, Marks and Spencer, National Glib, Ocado Plc, Primary Health, President Energy, Sainsbury, Speedyhire, The Trainline, Taylor Wimpey,

LSE:BDEV Barrett Devs Close Mid-Price: 360.3 Percentage Change: -6.46% Day High: 391.3 Day Low: 361.4

Target Met. This is quite bad and now on the edge of troubling times. Weak ……..

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LSE:BT.A British Telecom Close Mid-Price: 125.55 Percentage Change: -1.68% Day High: 128.6 Day Low: 125.3

Weakness on British Telecom below 125 will invariably lead to 123 with sec ……..

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LSE:IGAS Igas Energy Close Mid-Price: 60 Percentage Change: -14.53% Day High: 70 Day Low: 54

Currently a little dodgy, below 54 now looks capable of 39 and hopefully a ……..

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LSE:ITV ITV Close Mid-Price: 58.6 Percentage Change: -2.27% Day High: 61.86 Day Low: 58.8

In the event ITV experiences weakness below 58, it calculates with a drop ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 102.3 Percentage Change: -0.68% Day High: 106.8 Day Low: 102.1

Continued weakness against MKS taking the price below 102 calculates as le ……..

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LSE:NG. National Glib Close Mid-Price: 948.2 Percentage Change: -4.05% Day High: 991.6 Day Low: 953.8

Target Met. If National Grid experiences continued weakness below 953, it ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 541.2 Percentage Change: -2.70% Day High: 572.2 Day Low: 539.8

Weakness on Ocado Plc below 539 will invariably lead to 515 with secondary ……..

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LSE:PHP Primary Health Close Mid-Price: 110.2 Percentage Change: -5.41% Day High: 120 Day Low: 110.3

Target Met. Now below 110 looks capable of 106 next. If broken, it almost ……..

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LSE:PPC President Energy Close Mid-Price: 0.88 Percentage Change: -22.22% Day High: 1.15 Day Low: 0.88

Target Met. This feels like it successfully shot itself in the foot. Now b ……..

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LSE:SBRY Sainsbury Close Mid-Price: 189.1 Percentage Change: -1.23% Day High: 194.4 Day Low: 189.45

If Sainsbury experiences continued weakness below 189, it will invariably ……..

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LSE:SDY Speedyhire Close Mid-Price: 37.05 Percentage Change: -1.20% Day High: 38.7 Day Low: 37.35

In the event Speedyhire experiences weakness below 37 it calculates with a ……..

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LSE:TRN The Trainline Close Mid-Price: 302 Percentage Change: -4.58% Day High: 322.1 Day Low: 296.7

In the event of The Trainline enjoying further trades beyond 400, the shar ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 88.92 Percentage Change: -7.22% Day High: 97.24 Day Low: 89.48

Target Met. This is getting really bad as weakness below 89 now allows for ……..

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

#Gold #SP500

It was a pleasure to read the headline blurb in Finsbury’s “About Us” section on their website. It was a master class in no-nonsense PR writing, completely avoiding buzz words, terminology invented by committee think, or meaningless guff. About our only complaint was the use of a 54 word sentence but conversely, it managed to be readable!

Due to our job, we read rather a lot of creative website descriptions and are often guilty of forming an instant dislike toward a company and their products, due to a plethora of guff. But with Finsbury, our kneejerk reaction was to nod approval at the sense of solid stability generated by their unashamedly big sentence. In the investment sector, this is how it should be, justifying our distain toward those companies who trumpet their credentials in the Blockchain and Crypto fields.

 

With regard the company share price, we’re currently a little less enthusiastic as weakness below 798p looks perfectly capable of provoking reversal to an initial 780p with secondary, if broken, at 742p. The secondary is something of a concern as it has the potential of taking the price below the Red uptrend since the pandemic drop of 2020. This creates the situation where should 742p break, we shall be forced to introduce 678p as a longer term drop target.

However, we note the share price need only close a session above 820p to nonsense these drop potentials.

On a brighter note, the share price moving above 850p will be taken as significant, allowing price recovery to an initial 885p with secondary, if beaten, at 935p. Such a price level meets a natural high which has formed since 2019 and hopefully, this time with a 3rd jab at the level will finally allow an upward attempt at a new all time high, calculating at an eventual 1058p.

Alas, with the feel of the markets at present, we suspect this FTSE 250 component shall be doomed to visit the 742p level.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:30:20PM	BRENT	82.78									‘cess
9:32:21PM	GOLD	1622.51	1621	1614	1603	1631	1649	1661	1674	1639	‘cess
9:33:56PM	FTSE	7002.07
9:35:40PM	STOX50	3342.4
9:37:28PM	GERMANY	12216
9:39:06PM	US500	3654.12	3643	3626	3596	3676	3716	3736	3767	3687
9:40:46PM	DOW	29268
9:42:39PM	NASDAQ	11253
9:44:35PM	JAPAN	26548

 

26/09/2022 FTSE Closed at 7020 points. Change of 0.03%. Total value traded through LSE was: £ 6,572,681,049 a change of 1.53%

23/09/2022 FTSE Closed at 7018 points. Change of -1.97%. Total value traded through LSE was: £ 6,473,438,666 a change of 23.11%

22/09/2022 FTSE Closed at 7159 points. Change of -1.08%. Total value traded through LSE was: £ 5,258,363,393 a change of -10.68%

21/09/2022 FTSE Closed at 7237 points. Change of 0.63%. Total value traded through LSE was: £ 5,887,379,129 a change of 9.29%

20/09/2022 FTSE Closed at 7192 points. Change of -0.61%. Total value traded through LSE was: £ 5,386,737,074 a change of -59.64%

16/09/2022 FTSE Closed at 7236 points. Change of -0.63%. Total value traded through LSE was: £ 13,346,961,271 a change of 170.28%

15/09/2022 FTSE Closed at 7282 points. Change of -100%. Total value traded through LSE was: £ 4,938,182,265 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:ASC Asos** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:EZJ EasyJet** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:NG. National Glib** **LSE:PHP Primary Health** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

********

Updated charts published on : Asos, Barrett Devs, British Telecom, Caspian, EasyJet, Genel, Gulf Keystone, HSBC, British Airways, National Glib, Primary Health, Royal Mail, Sainsbury, Tesco, Taylor Wimpey, Vodafone,

LSE:ASC Asos. Close Mid-Price: 625 Percentage Change: + 3.99% Day High: 625.5 Day Low: 581

Weakness on Asos below 581 will invariably lead to 559 with secondary 494 ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 385.2 Percentage Change: -5.12% Day High: 400.9 Day Low: 383.9

Target met. If Barrett Devs experiences continued weakness below 383.9, i ……..

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LSE:BT.A British Telecom Close Mid-Price: 127.7 Percentage Change: -1.66% Day High: 130.05 Day Low: 125.85

Target met. Weakness on British Telecom below 125.85 will invariably lead ……..

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LSE:CASP Caspian. Close Mid-Price: 3 Percentage Change: + 1.69% Day High: 3.15 Day Low: 2.85

If Caspian experiences continued weakness below 2.85, it will invariably ……..

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LSE:EZJ EasyJet Close Mid-Price: 301.6 Percentage Change: -1.63% Day High: 309.1 Day Low: 294.4

Continued weakness against EZJ taking the price below 294.4 calculates as ……..

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LSE:GENL Genel Close Mid-Price: 121 Percentage Change: -2.26% Day High: 122.6 Day Low: 116.4

In the event Genel experiences weakness below 116.4 it calculates with a ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 197.4 Percentage Change: -1.10% Day High: 199.8 Day Low: 190

If Gulf Keystone experiences continued weakness below 190, it will invari ……..

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LSE:HSBA HSBC Close Mid-Price: 501.6 Percentage Change: -1.65% Day High: 506 Day Low: 492

Weakness on HSBC below 492 will invariably lead to 464 and a hopeful boun ……..

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LSE:IAG British Airways. Close Mid-Price: 101.26 Percentage Change: + 0.94% Day High: 102.68 Day Low: 98.98

If British Airways experiences continued weakness below 98.98, it will i ……..

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LSE:NG. National Glib Close Mid-Price: 988.2 Percentage Change: -2.45% Day High: 1016 Day Low: 970

If National Glib experiences continued weakness below 970, it will invari ……..

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LSE:PHP Primary Health Close Mid-Price: 116.5 Percentage Change: -3.32% Day High: 122.5 Day Low: 115.5

Target met. Weakness on Primary Health below 115.5 will invariably lead t ……..

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LSE:RMG Royal Mail Close Mid-Price: 195.85 Percentage Change: -0.31% Day High: 199.85 Day Low: 192.95

In the event Royal Mail experiences weakness below 192.95 it calculates w ……..

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LSE:SBRY Sainsbury Close Mid-Price: 191.45 Percentage Change: -0.78% Day High: 195 Day Low: 190.1

Target met. If Sainsbury experiences continued weakness below 190.1, it w ……..

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LSE:TSCO Tesco Close Mid-Price: 217.6 Percentage Change: -1.18% Day High: 221.4 Day Low: 215.1

Target met. Weakness on Tesco below 215.1 will invariably lead to 211 wit ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 95.84 Percentage Change: -7.09% Day High: 101.05 Day Low: 95.26

Target met. If Taylor Wimpey experiences continued weakness below 95.26, ……..

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LSE:VOD Vodafone Close Mid-Price: 106.66 Percentage Change: -1.35% Day High: 109.8 Day Low: 105.68

Continued weakness against VOD taking the price below 105.68 calculates a ……..

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

#Brent #Dax

Somewhat half heartedly, Barclays apparently triggered a recovery cycle to the 200p level a couple of weeks ago. Alas, the share price failed to complete the job, failing to close a session above 174p, instead – somewhat spitefully – opting to close at a high of just 173.96p. By 4/100th of a penny, it carefully avoiding committing to a trigger level, an utterly frustrating movement.

This sort of thing would be funny, if it weren’t real people with real money being played with. At least the price shuffle effectively confirmed we’d been following the correct trend, despite the market pushing us to the edge of a temper tantrum. Unfortunately, in the period since, the share price has found itself under threat by wider market influences (aka, interest rates, inflation, Russia).

 

Presently trading around 161.86p, the immediate situation suggests weakness below 160.5p risks triggering reversals to an initial 155.3p with secondary, if broken, at 150p and a very probable bounce. This “threat” of a bounce is further compounded by the present a the Red uptrend since the pandemic low of March 2020. It’s also quite important such a level justifies a bounce, thanks to a very real implication of a further 1/3 drop to an eventual ridiculous looking 100p!

 

There’s a bit of a however, thanks to the current market wide series of reversals all feeling a bit contrived. We harbour a suspicion the series of reversals shall suddenly cease, potentially by the time the FTSE troubles the 6,700 level. Hopefully, this shall tie in quite neatly with Barclays hitting the 150p level.

Amusingly, from a near term perspective, Barclays share price need only exceed 167p to once again give the prospect of a visit to 174p. Closing above this level remains utterly crucial for longer term hope, recovery to 198p with secondary 202p remaining very possible. The close proximity of this pair of targets tends suggest a stumble should be expected around such a level. Visually, this would make sense given the previous highs at the start of this year.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
8:56:48PM	BRENT	85.86	84.65	83.75	82.1	85.66	85.92	86.47	87.06	85.24
8:58:36PM	GOLD	1644.01								1667
9:01:01PM	FTSE	7030.07								7010
9:03:42PM	STOX50	3359.2								3347
9:05:38PM	GERMANY	12311	12232	12193	12137	12296	12384	12456	12549	12274
9:08:38PM	US500	3696								3700
9:12:38PM	DOW	29607								29630
9:14:48PM	NASDAQ	11317								11414
9:17:46PM	JAPAN	26628								26605

 

23/09/2022 FTSE Closed at 7018 points. Change of -1.97%. Total value traded through LSE was: £ 6,473,438,666 a change of 23.11%

22/09/2022 FTSE Closed at 7159 points. Change of -1.08%. Total value traded through LSE was: £ 5,258,363,393 a change of -10.68%

21/09/2022 FTSE Closed at 7237 points. Change of 0.63%. Total value traded through LSE was: £ 5,887,379,129 a change of 9.29%

20/09/2022 FTSE Closed at 7192 points. Change of -0.61%. Total value traded through LSE was: £ 5,386,737,074 a change of -59.64%

16/09/2022 FTSE Closed at 7236 points. Change of -0.63%. Total value traded through LSE was: £ 13,346,961,271 a change of 170.28%

15/09/2022 FTSE Closed at 7282 points. Change of 0.07%. Total value traded through LSE was: £ 4,938,182,265 a change of -14.27%

14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:BT.A British Telecom** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:GKP Gulf Keystone** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:RMG Royal Mail** **LSE:SPX Spirax** **LSE:TERN Tern Plc** **LSE:TSCO Tesco** **

********

Updated charts published on : AFC Energy, Aston Martin, Asos, British Telecom, Darktrace Plc, EasyJet, Gulf Keystone, British Airways, IG Group, Intercontinental Hotels Group, ITM Power, Intertek, ITV, Just Eat, Marks and Spencer, National Glib, Ocado Plc, Oxford Instruments, Primary Health, Royal Mail, Spirax, Tern Plc, Tesco,

LSE:AFC AFC Energy Close Mid-Price: 17.98 Percentage Change: -4.36% Day High: 19.6 Day Low: 17.5

Target met. If AFC Energy experiences continued weakness below 17.5, it w ……..

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LSE:AML Aston Martin Close Mid-Price: 143.7 Percentage Change: -3.69% Day High: 146 Day Low: 133.25

Weakness on Aston Martin below 133.25 will invariably lead to 132.5 with ……..

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LSE:ASC Asos Close Mid-Price: 601 Percentage Change: -6.53% Day High: 653.5 Day Low: 602.5

Continued weakness against ASC taking the price below 602.5 calculates as ……..

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LSE:BT.A British Telecom Close Mid-Price: 129.85 Percentage Change: -3.46% Day High: 135.7 Day Low: 129.15

In the event British Telecom experiences weakness below 129.15 it calcula ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 303.2 Percentage Change: -3.35% Day High: 322.2 Day Low: 297.6

If Darktrace Plc experiences continued weakness below 297.6, it will inva ……..

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LSE:EZJ EasyJet Close Mid-Price: 306.6 Percentage Change: -4.90% Day High: 328.2 Day Low: 304.6

Target met. Weakness on EasyJet below 304.6 will invariably lead to 281 w ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 199.6 Percentage Change: -7.81% Day High: 221 Day Low: 197.8

Continued weakness against GKP taking the price below 197.8 calculates as ……..

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LSE:IAG British Airways Close Mid-Price: 100.32 Percentage Change: -1.94% Day High: 104.5 Day Low: 99.33

Target met. In the event British Airways experiences weakness below 99.3 ……..

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LSE:IGG IG Group. Close Mid-Price: 758.5 Percentage Change: + 0.20% Day High: 767 Day Low: 751

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4275 Percentage Change: -1.79% Day High: 4332 Day Low: 4224

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LSE:ITM ITM Power Close Mid-Price: 101.65 Percentage Change: -5.40% Day High: 107.65 Day Low: 97.54

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LSE:ITRK Intertek. Close Mid-Price: 3761 Percentage Change: + 1.35% Day High: 3793 Day Low: 3671

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LSE:ITV ITV Close Mid-Price: 60.64 Percentage Change: -3.75% Day High: 63.34 Day Low: 59.92

Target met. In the event ITV experiences weakness below 59.92 it calculat ……..

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LSE:JET Just Eat Close Mid-Price: 1279.8 Percentage Change: -4.35% Day High: 1341.2 Day Low: 1274

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LSE:MKS Marks and Spencer Close Mid-Price: 106.55 Percentage Change: -3.49% Day High: 113.2 Day Low: 106.25

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LSE:NG. National Glib Close Mid-Price: 1013 Percentage Change: -1.36% Day High: 1034 Day Low: 989

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LSE:OCDO Ocado Plc Close Mid-Price: 553.4 Percentage Change: -0.75% Day High: 566.8 Day Low: 540.6

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LSE:OXIG Oxford Instruments Close Mid-Price: 1838 Percentage Change: -2.75% Day High: 1894 Day Low: 1770

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LSE:PHP Primary Health Close Mid-Price: 120.5 Percentage Change: -2.43% Day High: 123.7 Day Low: 118.8

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LSE:RMG Royal Mail Close Mid-Price: 196.45 Percentage Change: -3.98% Day High: 208.3 Day Low: 195.15

Target met. Weakness on Royal Mail below 195.15 will invariably lead to 1 ……..

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LSE:SPX Spirax Close Mid-Price: 9806 Percentage Change: -0.67% Day High: 9988 Day Low: 9448

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LSE:TERN Tern Plc Close Mid-Price: 9.25 Percentage Change: -9.84% Day High: 9.5 Day Low: 8.25

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LSE:TSCO Tesco Close Mid-Price: 220.2 Percentage Change: -3.00% Day High: 228.2 Day Low: 219.5

Target met. If Tesco experiences continued weakness below 219.5, it will ……..

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

#FTSE #Gold

Sometimes it feels like there’s a tedious campaign by the great and the good to trash the markets. The current vehicles of choice, interest rates & inflation, are rising while central banks announce some countries may already be in recession. Which, obviously, is a bad thing! It begs the question, just what the heck is going on?

Increasing interest rates obviously provokes a knock-on for inflation. Increasing prices ensure people buy less, along with the poorer sectors of society finding themselves in trouble and requiring support from the appropriate agencies. No-one seems to actually benefit from increased interest rates, yet they are been promoted as a tool to tackle inflation despite the converse being patently true. Perhaps it’s the case central treasuries want to force up prices to the point where people stop buying, forcing companies out of business, creating a shortage of product.

Whatever is going on feels like a dodgy tape player, where the music slows down, then suddenly speeds up until the track catches up with the loose tape. Maybe it’s “just” payback for the effective 18 month holiday many folk enjoyed during the pandemic. Any logic currently being applied has too many holes to make sense, except perhaps one. Rising prices mean rising VAT revenue for the government, a nice little earner generating quick cash flow to the treasury. Successive UK parliaments failed to wind back the “temporary” VAT rise to 20%, inflicted following the financial collapse of 2009, the nation becoming resigned to this stealthy “tax on profit”. Could it be the case interest rates & inflation are being viewed as a good thing, unfortunately by the wrong people; politicians?

 

As for the FTSE, the UK market has finally reached the end of the road, the index value closing below the Red uptrend which dates back to the day of the pandemic drop. We’ve run out of last ditch lows to gear this uptrend against and, as the inset highlights, it’d be daft to pretend any optimism. The immediate situation feels fairly painful.

Currently, weakness below 7149 points calculates with the potential of reversal to 7109 points. If broken, our secondary works out at 7036 points, hopefully with a bounce. If triggered, the tightest stop is at 7194 points, surprisingly tight given the haul of points allegedly on offer. Please remember, we are discussing the FTSE, not after hours futures.

As always, following a confused day of weakness, there’s the immediate threat of surprise recovery! In the case of the FTSE, above 7194 should apparently prove capable of an initial boring 7212 points. If bettered, our secondary works out at 7238 points, a price level where there’s an amazing third stage of movement possible, giving a further 100 point gain. However, we cannot, and should not, ignore the reality of the FTSE closing below the Red uptrend as this makes us suspect the worst.

Have a good weekend.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:28:09PM	BRENT	89.58	88.48	87.09		90.12	91.93	93.49		90.28
9:30:21PM	GOLD	1671.51	1664	1653		1674	1685	1691		1671
9:32:26PM	FTSE	7181.11	7137	7109		7199	7244	7282		7197	‘cess
9:34:19PM	STOX50	3443.3	3407	3388		3431	3495	3510		3464
9:36:12PM	GERMANY	12588	12516	12424		12590	12784	12828		12688
9:39:25PM	US500	3758	3745	3728		3789	3817	3833		3774	Shambles
9:44:16PM	DOW	30110	29954	29802		30326	30521	30653		30137
9:46:47PM	NASDAQ	11494	11438	11330		11617	11727	11807		11607	‘cess
9:48:56PM	JAPAN	27035	26901	26718		27141	27399	27477		27177

 

22/09/2022 FTSE Closed at 7159 points. Change of -1.08%. Total value traded through LSE was: £ 5,258,363,393 a change of -10.68%

21/09/2022 FTSE Closed at 7237 points. Change of 0.63%. Total value traded through LSE was: £ 5,887,379,129 a change of 9.29%

20/09/2022 FTSE Closed at 7192 points. Change of -0.61%. Total value traded through LSE was: £ 5,386,737,074 a change of -59.64%

16/09/2022 FTSE Closed at 7236 points. Change of -0.63%. Total value traded through LSE was: £ 13,346,961,271 a change of 170.28%

15/09/2022 FTSE Closed at 7282 points. Change of 0.07%. Total value traded through LSE was: £ 4,938,182,265 a change of -14.27%

14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%

13/09/2022 FTSE Closed at 7385 points. Change of -100%. Total value traded through LSE was: £ 5,116,295,478 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:BT.A British Telecom** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITRK Intertek** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **

********

Updated charts published on : AFC Energy, British Telecom, Darktrace Plc, EasyJet, Hikma, British Airways, IG Group, Intertek, Marks and Spencer, Ocado Plc, Primary Health, Royal Mail, Sainsbury, Spirax,

LSE:AFC AFC Energy Close Mid-Price: 18.8 Percentage Change: -12.15% Day High: 20.64 Day Low: 18.6

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LSE:BT.A British Telecom Close Mid-Price: 134.5 Percentage Change: -0.41% Day High: 135.3 Day Low: 133.5

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LSE:DARK Darktrace Plc Close Mid-Price: 313.7 Percentage Change: -11.31% Day High: 355.5 Day Low: 313

Weakness on Darktrace Plc below 313 will invariably lead to 286 next, a fa ……..

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LSE:EZJ EasyJet Close Mid-Price: 322.4 Percentage Change: -5.43% Day High: 333.8 Day Low: 324.2

Target Met. Now below 324 looks capable of 312 next with secondary, if bro ……..

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LSE:HIK Hikma Close Mid-Price: 1199.5 Percentage Change: -0.87% Day High: 1209.5 Day Low: 1179

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LSE:IAG British Airways Close Mid-Price: 102.3 Percentage Change: -2.39% Day High: 104.28 Day Low: 101.64

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LSE:IGG IG Group Close Mid-Price: 757 Percentage Change: -4.30% Day High: 771 Day Low: 753

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LSE:ITRK Intertek Close Mid-Price: 3711 Percentage Change: -4.28% Day High: 3837 Day Low: 3714

Target Met. If Intertek experiences continued weakness below 3714, it will ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 110.4 Percentage Change: -0.45% Day High: 112.35 Day Low: 109.5

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LSE:OCDO Ocado Plc Close Mid-Price: 557.6 Percentage Change: -3.03% Day High: 576.4 Day Low: 549.4

Target Met. Below 549 still points at 543 next. However, should this level ……..

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LSE:PHP Primary Health Close Mid-Price: 123.5 Percentage Change: -4.19% Day High: 128.4 Day Low: 123.8

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LSE:RMG Royal Mail Close Mid-Price: 204.6 Percentage Change: -4.79% Day High: 214.4 Day Low: 202.8

Target Met. Continued weakness against RMG taking the price below 202 calc ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 195.7 Percentage Change: + 0.46% Day High: 197.45 Day Low: 192.9

In the event Sainsbury experiences weakness below 192.9, it calculates wit ……..

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LSE:SPX Spirax Close Mid-Price: 9872 Percentage Change: -4.71% Day High: 10360 Day Low: 9892

Weakness on Spirax below 9892 will invariably lead to 9211 with secondary ……..

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

Rolls Royce Holdings Plc (LSE:RR.)

One of the trite sayings attributed to Warren Buffet goes along the lines of; “If you’re not willing to buy a share and wait 10 years, don’t dare buying one for just a 10 minute trade!” Blue chip share Rolls Royce is tending prove this statement, many folk assuming the 100p level would prove sacrosanct. Alas, this has not been the case and now, it’s getting as worrying as your next electricity bill.

Whatever is going on with Rolls Royce share price is all very strange. We’d assumed with Covid restrictions easing and jets once again flying, Rolls Royce share price would move in sympathy with the growth in air miles being covered. This assumption has obviously proven incorrect, the share price now trading in a zone where we can calculate an “ultimate bottom” around 24p, this representing a price level below which we cannot calculate.

Additionally, with Rolls Royce creating a new facility in France to produce engines for Dassaults shiny new Falcon 10X flagship, common sense indicated some optimism should enter the marketplace and affect the share price. It didn’t!

And then, there’s the hype around Rolls Royce and their new mini nuclear plants, produced on a modular basis and recently announced as being deployed in the Netherlands as the heart of the countries climate and energy policy for the future. It’s all looking quite exciting for the future, especially as the reactors (just 16 metres by 4 metres) are reckoned to enjoy a lifetime of around 60 years.

Despite this plethora of potentials, we’re pretty far from confident about Rolls Royce share price potentials for the immediate future, the share price requiring to close a session above 84p just to give a modicum of hope for positive movements. In the face of a stock market which feels determined to discover how far down RR can be pushed. Currently, below just 73p calculates with the potential of reversal now to an initial 60p with secondary, if broken, at 54p. Some slight hope can be taken from the close proximity of these target levels as generally, this will signify a zone in which a bounce can be anticipated. The share price requires below 54p to enter the Last Chance Salon, an area with an eventual ridiculous looking 24p awaiting.

What feels distinctly silly is giving such a negative outlook against a company which appears to show strong positives for the future. Perhaps Mr Buffets 10 year rule shall prove firmly embedded in reality.

 

To dwell briefly on the positive side of life, above 84p is supposed to provoke recovery to an initial 92p, exceeding the immediate Blue downtrend. Our secondary, if such a level is bettered, works out at 102p but, our rule of “Higher Highs” takes the price into a zone where a longer term ambition at 149p calculates as very possible.

In summary, we don’t expect a visit to 24p, instead thinking this shall prove worth watching for the 60p area making itself known. Like many shares, it’s currently worth watching but perhaps cover your eyes loosely.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:10:03PM	BRENT	89.53
9:13:41PM	GOLD	1674.38									‘cess
9:16:38PM	FTSE	7199	7175	7162	7123	7206	7260	7278	7319	7224	Success
9:18:46PM	STOX50	3448.3									‘cess
9:24:57PM	GERMANY	12589									Success
9:27:42PM	US500	3779									‘cess
9:30:28PM	DOW	30131									‘cess
9:33:00PM	NASDAQ	11593	11572	11557	11115	11702	11734	11764	11827	11651	‘cess
9:35:33PM	JAPAN	27105									‘cess

 

21/09/2022 FTSE Closed at 7237 points. Change of 0.63%. Total value traded through LSE was: £ 5,887,379,129 a change of 9.29%

20/09/2022 FTSE Closed at 7192 points. Change of -0.61%. Total value traded through LSE was: £ 5,386,737,074 a change of -59.64%

16/09/2022 FTSE Closed at 7236 points. Change of -0.63%. Total value traded through LSE was: £ 13,346,961,271 a change of 170.28%

15/09/2022 FTSE Closed at 7282 points. Change of 0.07%. Total value traded through LSE was: £ 4,938,182,265 a change of -14.27%

14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%

13/09/2022 FTSE Closed at 7385 points. Change of -1.18%. Total value traded through LSE was: £ 5,116,295,478 a change of -13.94%

12/09/2022 FTSE Closed at 7473 points. Change of -100%. Total value traded through LSE was: £ 5,944,877,720 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBX Cellular Goods** **LSE:DARK Darktrace Plc** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:OCDO Ocado Plc** **LSE:SPX Spirax** **

********

Updated charts published on : British Telecom, Carclo, Caspian, Cellular Goods, Darktrace Plc, Hikma, British Airways, Intertek, Just Eat, Lloyds Grp., Ocado Plc, Spirax,

LSE:BT.A British Telecom Close Mid-Price: 135.05 Percentage Change: -1.39% Day High: 137.4 Day Low: 134.05

If British Telecom experiences continued weakness below 134.05, it will i ……..

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LSE:CAR Carclo Close Mid-Price: 16.95 Percentage Change: -4.64% Day High: 0 Day Low: 0

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LSE:CASP Caspian Close Mid-Price: 2.9 Percentage Change: -1.69% Day High: 2.95 Day Low: 2.9

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LSE:CBX Cellular Goods. Close Mid-Price: 2.2 Percentage Change: + 22.22% Day High: 2.45 Day Low: 1.8

All Cellular Goods needs are mid-price trades ABOVE 2.65 to improve accele ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 353.7 Percentage Change: + 1.38% Day High: 357 Day Low: 341.1

Weakness on Darktrace Plc below 341.1 will invariably lead to 286 next, a ……..

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LSE:HIK Hikma Close Mid-Price: 1210 Percentage Change: -1.71% Day High: 1242.5 Day Low: 1209.5

If Hikma experiences continued weakness below 1209.5, it will invariably ……..

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LSE:IAG British Airways Close Mid-Price: 104.8 Percentage Change: -3.27% Day High: 106.94 Day Low: 103.92

Continued weakness against IAG taking the price below 103.92 calculates a ……..

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LSE:ITRK Intertek. Close Mid-Price: 3877 Percentage Change: + 1.47% Day High: 3871 Day Low: 3797

Target met. If Intertek experiences continued weakness below 3797, it wil ……..

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LSE:JET Just Eat. Close Mid-Price: 1399.6 Percentage Change: + 1.04% Day High: 1405 Day Low: 1329.8

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LSE:LLOY Lloyds Grp. Close Mid-Price: 48.47 Percentage Change: -1.09% Day High: 49.84 Day Low: 47.44

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LSE:OCDO Ocado Plc Close Mid-Price: 575 Percentage Change: -5.18% Day High: 604 Day Low: 574.4

Target met. If Ocado Plc experiences continued weakness below 574.4, it w ……..

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LSE:SPX Spirax. Close Mid-Price: 10360 Percentage Change: + 2.93% Day High: 10400 Day Low: 9928

Weakness on Spirax below 9928 will invariably lead to 9211 with secondary ……..

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