Author: T&T Staff

Their share price was gapped up above the downtrend since 2020, such a deliberate movement making it difficult not to anticipate ongoing gains. To spoil the party, the share price probably needs fall below 61.15p. A move such as this allows for reversal to an initial 52.8 with secondary, if broken, an eventual 45.2p and a very possible rebound level.

On a more positive stance, above 68.4p now calculates with the potential of a lift to an initial 80 with secondary, if beaten, a longer term 87p. There’s certainly a pretty solid argument favouring a visit to 87p and only with share price closure above such a point, shall we feel duty bound to once again revisit their price movements

We’re being lazy, looking only at the top futures shares until my brain starts functioning.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:47:14PM	BRENT	7667	7633	7595	7506	7682	7763	7787	7838	7711
9:49:47PM	GOLD	2023.5	2020	2016	2008	2031	2040	2045	2053	2024
10:01:39PM	DOW	37693	37436	37337	37200	37712	37745	37773	37908	37602
10:06:22PM	FTSE	7652.9	7645	7632	7600	7675	7683	7699	7717	7652

 

10/01/2024 FTSE Closed at 7651 points. Change of -0.42%. Total value traded through LSE was: £ 4,893,879,848 a change of -19.09%

9/01/2024 FTSE Closed at 7683 points. Change of -0.14%. Total value traded through LSE was: £ 6,048,276,632 a change of 28.89%

8/01/2024 FTSE Closed at 7694 points. Change of 0.07%. Total value traded through LSE was: £ 4,692,765,125 a change of -13.08%

7/01/2024 FTSE Closed at 7689 points. Change of -0.44%. Total value traded through LSE was: £ 5,398,845,060 a change of 19.89%

4/01/2024 FTSE Closed at 7723 points. Change of -100%. Total value traded through LSE was: £ 4,502,996,889 a change of 0%

3/01/2024 FTSE Closed at 7682 points. Change of 0%. Total value traded through LSE was: £ 4,597,057,566 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:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BP. BP PLC** **LSE:GRG Greggs** **

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Updated charts published on : Avacta, Astrazeneca, BP PLC, Greggs,

LSE:AVCT Avacta Close Mid-Price: 109.5 Percentage Change: -0.90% Day High: 110.5 Day Low: 107

If Avacta experiences continued weakness below 107, it will invariably le ……..

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LSE:AZN Astrazeneca Close Mid-Price: 10900 Percentage Change: -0.02% Day High: 10926 Day Low: 10810

Continued trades against AZN with a mid-price ABOVE 10926 should improve ……..

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LSE:BP. BP PLC Close Mid-Price: 456.45 Percentage Change: -0.63% Day High: 462.3 Day Low: 455

In the event BP PLC experiences weakness below 455 it calculates with a d ……..

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LSE:GRG Greggs. Close Mid-Price: 2602 Percentage Change: + 5.17% Day High: 2718 Day Low: 2494

Target met. Continued trades against GRG with a mid-price ABOVE 2718 shou ……..

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

  It was easy to decide to skip reviewing the market was probably a great idea. And issue about being a family business ensures if anyone has the gift of illness, we all join in rather than risk feeling left out. Constant coughing fits mean we’ve all painful rib cages, along with some quite vibrant headaches. To be fair, the only thing worse than this nonsense was influenza. We’re managing to merge the chorus of pain, cough cough cough headache yell.

Being unable to focus on the futures market, we decided to skip it for the first time ever. To put that into perspective, when I’d a heart attack in 2019, the futures were still published..

 

9/01/2024 FTSE Closed at 7683 points. Change of -0.14%. Total value traded through LSE was: £ 6,048,276,632 a change of 28.89%

8/01/2024 FTSE Closed at 7694 points. Change of 0.07%. Total value traded through LSE was: £ 4,692,765,125 a change of -13.08%

7/01/2024 FTSE Closed at 7689 points. Change of -0.44%. Total value traded through LSE was: £ 5,398,845,060 a change of 19.89%

4/01/2024 FTSE Closed at 7723 points. Change of 0.53%. Total value traded through LSE was: £ 4,502,996,889 a change of -2.05%

3/01/2024 FTSE Closed at 7682 points. Change of -100%. Total value traded through LSE was: £ 4,597,057,566 a change of 0%

28/12/2023 FTSE Closed at 7722 points. Change of 0%. Total value traded through LSE was: £ 2,663,363,582 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:AZN Astrazeneca** **LSE:DARK Darktrace Plc** **LSE:HIK Hikma** **LSE:MKS Marks and Spencer** **

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Updated charts published on : Astrazeneca, Darktrace Plc, Hikma, Marks and Spencer,

LSE:AZN Astrazeneca. Close Mid-Price: 10902 Percentage Change: + 1.21% Day High: 10918 Day Low: 10814

All Astrazeneca needs are mid-price trades ABOVE 10918 to improve acceler ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 321.3 Percentage Change: -3.05% Day High: 335 Day Low: 320.4

If Darktrace Plc experiences continued weakness below 320.4, it will inva ……..

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LSE:HIK Hikma. Close Mid-Price: 1894.5 Percentage Change: + 1.75% Day High: 1899.5 Day Low: 1863

Target met. All Hikma needs are mid-price trades ABOVE 1899.5 to improve ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 286.3 Percentage Change: -1.45% Day High: 293.2 Day Low: 283.6

Target met. Continued trades against MKS with a mid-price ABOVE 293.2 sho ……..

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

#Gold #SP500   Presumably DFS are now spending fortunes advertising their product as the years of lockdown must surely have worn out sofa’s everywhere. We’re probably facing the year when we decide to stop paying for a TV licence, rarely watching the commercial TV channels and we’ve long run out of patience with the BBC and their inability to provide impartial reporting, even locally in the UK. Instead Netflix has become the weapon of choice with occasional jumps into Youtube but we feel deprived, missing the constant bombardment of commercial television spending most of its time trying to sincerely convince viewers of the benefit of watching commercial TV.

All joking aside, it must be difficult nowadays for the likes of DFS trying to get the message across about their presumably excellent range of furniture. In our home, we don’t buy daily newspapers but will invest in Private Eye and the occasional Friday edition of the FT. Neither publication is the sort of place where a two page advert extolling the virtues of a suite will find a natural home and, in any case, we wonder how well companies are going with extortionate interest rates doubtless making their usual “easy payment terms” less attractive.

However, we’ve had a couple of emails asking our opinion against DFS and there’s certainly something which immediately caught our eye.

Visually, the market appears to have decided the 100p level should be regarded as a solid floor (there’s no such thing) and now, we should be excitedly counting the days until this share price suddenly opts to head upward. It’s the case where we can present a scenario with movement above 125p apparently being capable of triggering recovery to an initial 138p. I bettered, our longer term secondary calculates at 176p, an ambition which is visually believable.

Our alternate scenario suggests any weakness below 100p should trigger reversals down to an initial 74p with secondary, if broken, at 65p. The proximity of both target levels tends strongly suggest the potential for a bounce, if a drop takes place.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:43:00PM	BRENT	7619
10:46:00PM	GOLD	2027.71	2017	2005	1985	2037	2052	2062	2077	2026
10:50:12PM	FTSE	7711.9
10:52:42PM	STOX50	4497.4
10:55:48PM	GERMANY	16764.6									‘cess
10:59:27PM	US500	4760.1	4723	4715	4698	4739	4766	4785	4826	4750	Success
11:02:43PM	DOW	37637									‘cess
11:05:02PM	NASDAQ	16625.4
11:15:32PM	JAPAN	33815

 

8/01/2024 FTSE Closed at 7694 points. Change of 0.07%. Total value traded through LSE was: £ 4,692,765,125 a change of -13.08%

7/01/2024 FTSE Closed at 7689 points. Change of -0.44%. Total value traded through LSE was: £ 5,398,845,060 a change of 19.89%

4/01/2024 FTSE Closed at 7723 points. Change of 0.53%. Total value traded through LSE was: £ 4,502,996,889 a change of -2.05%

3/01/2024 FTSE Closed at 7682 points. Change of -0.52%. Total value traded through LSE was: £ 4,597,057,566 a change of 72.6%

28/12/2023 FTSE Closed at 7722 points. Change of -100%. Total value traded through LSE was: £ 2,663,363,582 a change of 0%

27/12/2023 FTSE Closed at 7724 points. Change of 0%. Total value traded through LSE was: £ 3,580,231,157 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:HIK Hikma** **LSE:IGG IG Group** **LSE:MKS Marks and Spencer** **LSE:SBRY Sainsbury** **

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Updated charts published on : Hikma, IG Group, Marks and Spencer, Sainsbury,

LSE:HIK Hikma. Close Mid-Price: 1862 Percentage Change: + 0.16% Day High: 1862 Day Low: 1843

In the event of Hikma enjoying further trades beyond 1862, the share shou ……..

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LSE:IGG IG Group. Close Mid-Price: 764.5 Percentage Change: + 1.73% Day High: 773.5 Day Low: 759.5

Further movement against IG Group ABOVE 773.5 should improve acceleration ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 290.5 Percentage Change: + 2.22% Day High: 290.7 Day Low: 280.7

Further movement against Marks and Spencer ABOVE 290.7 should improve acc ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 310.4 Percentage Change: + 0.45% Day High: 310.6 Day Low: 305.7

Target met. In the event of Sainsbury enjoying further trades beyond 310. ……..

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

#WallSt #Lloyds  The Great Kitchen Robbery was finally resolved, just a few days into the New Year. We’d been experiencing the Great Side Plate theft, along with the phenomena of vanishing Tupperware type of containers. It transpired our grandchildren were responsible, our daughter returning a suitcase full of plastics and plates. Our grandchildren, happy to create lots of baking projects when they visit, were guilty of taking their creations home, either in plastic containers or covered with cling film on side plates.

We’d never noticed, due to the girls stuffing their bakery creations into their  backpacks with every fortnightly visit! For reasons lost in time, we used to have a significant number of side plates and it was obvious 24 of the things were an abundance for just two people. But one day, my wife decided to cross examine me on just what I was doing with them as we only had 10 on the plate rack. My rebuttal accusation was an assumption she’d put the excess away in a cupboard and suddenly the game was afoot. One of us was clearly doing something silly but a search (yes, even under the bed) revealed nothing and like any married couple, we forgot about the issue. The next great debate related to plastic containers , the kitchen cupboard which used to provide an unwitting Jenga game, if someone opened it while forgetting to be ready to grab whatever started to fall. Neither of us had been showered with tupperware for a while.

This one, thankfully, was a little more simple as the girls had left with 4 containers full of my classic Christmas French Onion soup (includes 2 bottles of white wine!). A quick text message revealed our daughter was overwhelmed in Edinburgh, puzzled at where all the plastic containers and side plates were coming from, forgetting to ask her housekeeper. Our grand-children were keen on getting everything cleaned but always forgot to return them.

Further to our analysis of Lloyds in December, the share has delivered and, similar to our grand-daughters, forgotten to deliver any returns.

 

We’re always quite picky with our demand a share price close above a target level and in the case of Lloyds, it exceeded our 48.2p but the highest price it has closed at was 48.13p. The given implication is of imminent weakness and we suspect ongoing traffic below 46.75 shall allow reversals to 45p and hopefully some sort of bounce. But if 45p breaks, it feels very like we should anticipate further drops down to an eventual 43.9p and ideally, a price level capable of triggering some gains. If Lloyds were serious above spoiling any optimism, it would require to close below 43p to indicate real trouble ahead.

 

If Lloyds intends to invent party time, above 48.4p should now provoke gains to an initial 51.1p with secondary, if beaten, at 54.3p and the potential of moving the share price into a game changing position, our next requirement demanding the share next close above 54.1p to justify rushing out and buying a small party popper.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
8:37:04PM	BRENT	7880	7483	7371	7114	7685	7935	8086	8287	7750
9:07:04PM	GOLD	2045.23
9:10:00PM	FTSE	7671.1
9:13:03PM	STOX50	4455.8
9:15:44PM	GERMANY	16583.9
9:19:16PM	US500	4697.3
9:21:39PM	DOW	37448	37315	37217	37080	37528	37560	37650	37783	37440
9:36:25PM	NASDAQ	16303.5
9:38:11PM	JAPAN	33432

 

5/01/2024 FTSE Closed at 7689 points. Change of -0.44%. Total value traded through LSE was: £ 5,398,845,060 a change of 19.89%

4/01/2024 FTSE Closed at 7723 points. Change of 0.53%. Total value traded through LSE was: £ 4,502,996,889 a change of -2.05%

3/01/2024 FTSE Closed at 7682 points. Change of -0.52%. Total value traded through LSE was: £ 4,597,057,566 a change of 72.6%

28/12/2023 FTSE Closed at 7722 points. Change of -100%. Total value traded through LSE was: £ 2,663,363,582 a change of 0%

27/12/2023 FTSE Closed at 7724 points. Change of 0%. Total value traded through LSE was: £ 3,580,231,157 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:DARK Darktrace Plc** **LSE:SBRY Sainsbury** **LSE:TERN Tern Plc** **LSE:TSCO Tesco** **

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Updated charts published on : Darktrace Plc, Sainsbury, Tern Plc, Tesco,

LSE:DARK Darktrace Plc Close Mid-Price: 323.1 Percentage Change: -4.12% Day High: 337.9 Day Low: 322.4

This isn’t having fun as weakness now below 322 indicates the threat of re ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 309 Percentage Change: + 0.26% Day High: 308.6 Day Low: 300.3

Further movement against Sainsbury ABOVE 308.6 should improve acceleratio ……..

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LSE:TERN Tern Plc Close Mid-Price: 3.12 Percentage Change: -3.85% Day High: 3.25 Day Low: 2.75

Target met. Weakness on Tern Plc below 2.75 will invariably lead to 2.2p ……..

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LSE:TSCO Tesco Close Mid-Price: 300.9 Percentage Change: -0.50% Day High: 303.5 Day Low: 298

In the event of Tesco enjoying further trades beyond 303.5, the share sho ……..

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

#FTSE #Gold  With the first US jobs report just a few hours away, hopefully nothing terribly tragic is announced which shall hurt the FTSE. Despite the UK market ending 2023 with the index up just 3.8% for the entire year, we’ve reason for slight optimism for the year ahead. Certainly 2023 proved an extremely difficult year to cope with, share prices across the board moving in meaningless fashion and it become irritating, seeing trigger levels achieved, then reversed by prices finding themselves forced downward due to the most flimsy of excuses.

For the FTSE, the index needs close a session below 7578 to utterly foul up our calculations which currently lean toward optimism.

From a near term perspective, above just 7732 points calculates with the potential of a lift to an initial 7765 points. Should such a level be exceeded, things start to become very interesting at 7838 points. This secondary ambition is a big deal, exceeding what looks like a well crafted glass ceiling at the 7800 level. In the event the share price indeed stumbles above such a point, a future all time high at 8076 is now very possible but, to be honest, we shall need to firm up such a target.

 

If things intend go wrong, an early signal may well prove to be weakness below 7650 as this risks triggering reversal to 7615 points initially. If broken, our secondary works out at 7568 points, taking the index into a region where a future 7439 becomes visually believable.

But for now, the index has remained trading above Blue on the chart and while there’s a bit of a threat toward the 7615 level, it currently appears unlikely the FTSE can be expected to immolate itself.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:29:11PM	BRENT	7759.9	7731	7679		7791	7808	7843		7744
9:32:36PM	GOLD	2043.05	2039	2035		2049	2051	2054		2045
9:35:41PM	FTSE	7703.1	7676	7668		7707	7731	7765		7700
9:38:08PM	STOX50	4456.2	4432	4427		4472	4482	4498		4462
9:41:16PM	GERMANY	16574	16478	16436		16575	16686	16716		16563
9:43:46PM	US500	4691.3	4689	4681		4706	4726	4739		4703
9:58:19PM	DOW	37485.9	37440	37352		37539	37576	37635		37505
10:00:38PM	NASDAQ	16285	16276	16220		16354	16422	16471		16339
10:03:19PM	JAPAN	33367	33044	32834		33177	33531	33657		33421

 

4/01/2024 FTSE Closed at 7723 points. Change of 0.53%. Total value traded through LSE was: £ 4,502,996,889 a change of -2.05%

3/01/2024 FTSE Closed at 7682 points. Change of -0.52%. Total value traded through LSE was: £ 4,597,057,566 a change of 72.6%

28/12/2023 FTSE Closed at 7722 points. Change of -100%. Total value traded through LSE was: £ 2,663,363,582 a change of 0%

27/12/2023 FTSE Closed at 7724 points. Change of 0%. Total value traded through LSE was: £ 3,580,231,157 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:AZN Astrazeneca** **LSE:HIK Hikma** **LSE:MKS Marks and Spencer** **LSE:MMAG Music Magpie** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **

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Updated charts published on : Astrazeneca, Hikma, Marks and Spencer, Music Magpie, Sainsbury, Tesco,

LSE:AZN Astrazeneca. Close Mid-Price: 10864 Percentage Change: + 1.15% Day High: 10902 Day Low: 10746

In the event of Astrazeneca enjoying further trades beyond 10902, the sha ……..

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LSE:HIK Hikma. Close Mid-Price: 1850.5 Percentage Change: + 2.01% Day High: 1859.5 Day Low: 1810

Target met. Continued trades against HIK with a mid-price ABOVE 1859.5 sh ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 284 Percentage Change: + 0.53% Day High: 286 Day Low: 278.4

Target met. All Marks and Spencer needs are mid-price trades ABOVE 286 to ……..

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LSE:MMAG Music Magpie Close Mid-Price: 10.25 Percentage Change: -4.65% Day High: 10.75 Day Low: 10.25

Target met. If Music Magpie experiences continued weakness below 10.25, i ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 308.2 Percentage Change: + 1.62% Day High: 308 Day Low: 302.6

Target met. All Sainsbury needs are mid-price trades ABOVE 308 to improve ……..

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LSE:TSCO Tesco. Close Mid-Price: 302.4 Percentage Change: + 1.54% Day High: 302.8 Day Low: 296.8

All Tesco needs are mid-price trades ABOVE 302.8 to improve acceleration ……..

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

#Gold #DOW  In the weeks when we previously reviewed Natwest, their share price has effectively done nothing! To be helpful, we provided a level below which the price needed drop to cancel all our price growth calculations and it was at 214p. In a manner entirely befitting the Clown Sector for Retail Banks, we thus managed to define the lowest it would fall during the run up to Xmas and beyond. At least this tends “prove” we’re looking at the correct set of circumstances, hopefully creating a scenario where our recovery trigger shall work out accurately and profitably.

 

We’ve previously written about dishwashers being our kitchen nemesis. The current Hotpoint one decided to celebrate 2024 by not going on fire, flooding the kitchen, making strange noises, and thankfully not attempting to do a spin cycle. Instead, it just stopped working, meaning I shall need go through a ritual series of tests before heading over to the mainland to buy another one. Thankfully, this unit has given us three years of trouble free service, something of a record given all our previous machines track record. Perhaps it shall be the case, a New Year and a New Dishwasher will be all that’s required to clean up our outlook for the markets, something which is a little worrisome at present.

 

Returning to Natwest Group, our previous review on 11th December suggested this share price needs exceed 228p to ideally make a trigger movement. The lack of share price activity doesn’t require this number being refined, though we can hint that above 225p should provide early warning for potential movement. We can calculate above 225 should point at an initial 229p, recovering the price above Red on the chart and visually producing the type of picture which for anything other than a retail bank would suggest happy days ahead. Our longer term secondary above 229p now calculates at 251p. It’s certainly curious the extent to which Natwest is respecting prior trends.

In the event the bank which likes to say “Gotcha, Suckers” decides to join our dishwasher and go over to the dark side, below 214p now looks to have the potential of reversal to an initial 204p with our longer term secondary, if broken, working out at 188p and hopefully a rebound.

 

Finally, our best wishes for the New Year.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:45:14PM	BRENT	7837.5								7756
10:23:22PM	GOLD	2040.76	2030	2017	2005	2042	2049	2054	2062	2035
10:35:19PM	FTSE	7693.5								7688
10:49:46PM	STOX50	4449								4455
10:55:40PM	GERMANY	16529.3								16580
10:57:58PM	US500	4706.2								4705
11:00:04PM	DOW	37449.4	37400	37352	37263	37523	37641	37706	37808	37468
11:03:39PM	NASDAQ	16390								16467
11:11:36PM	JAPAN	33083								33251

 

3/01/2024 FTSE Closed at 7682 points. Change of -0.52%. Total value traded through LSE was: £ 4,597,057,566 a change of 72.6%

28/12/2023 FTSE Closed at 7722 points. Change of -0.03%. Total value traded through LSE was: £ 2,663,363,582 a change of -25.61%

27/12/2023 FTSE Closed at 7724 points. Change of -100%. Total value traded through LSE was: £ 3,580,231,157 a change of 0%

22/12/2023 FTSE Closed at 7697 points. Change of 0%. Total value traded through LSE was: £ 2,239,365,244 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:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:FOXT Foxtons** **LSE:MKS Marks and Spencer** **LSE:TSCO Tesco** **

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Updated charts published on : Astrazeneca, Barclays, Foxtons, Marks and Spencer, Tesco,

LSE:AZN Astrazeneca Close Mid-Price: 10740 Percentage Change: -0.44% Day High: 10810 Day Low: 10626

Further movement against Astrazeneca ABOVE 10810 should improve accelerat ……..

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LSE:BARC Barclays Close Mid-Price: 153.12 Percentage Change: -1.39% Day High: 156.4 Day Low: 152.16

Further movement against Barclays ABOVE 156.4 should improve acceleration ……..

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LSE:FOXT Foxtons. Close Mid-Price: 52.1 Percentage Change: + 11.09% Day High: 53 Day Low: 48

Target met. All Foxtons needs are mid-price trades ABOVE 53 to improve ac ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 282.5 Percentage Change: + 2.36% Day High: 282.4 Day Low: 275.3

Target met. In the event of Marks and Spencer enjoying further trades bey ……..

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LSE:TSCO Tesco. Close Mid-Price: 297.8 Percentage Change: + 1.60% Day High: 298.4 Day Low: 293.6

Target met. Further movement against Tesco ABOVE 298.4 should improve acc ……..

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

#FTSE, #DOW, #DAX, #Nasdaq, #Gold, #Brent  This isn’t one of these reports where we compare the FTSE with everywhere else, then conclude the UK market is pretty rubbish. In the tradition of pictures speaking a 1,000 words, the charts below should provide sufficient clues and, in any case, the main objective of this analysis is to spot potential danger levels on each market, a trading level where all the negative guff spoken by market ‘experts’ might just have a point.

We entered 2023 with these ‘experts’ agreeing on just one thing, some serious recessionary times were ahead worldwide. Despite often feeling our own stance is usually negative, our outlook for 2023 differed as it looked like the experts would once again be wrong. When the BoE corrected its stance fairly early in the year, the sound of backpedalling proved fairly humorous, echoing from Forbes to Bloomberg to the FT in London. We’ve chosen the Pandemic Drop of 2020 as our starting point, a concept which makes some sense as it was the last time the markets internationally were obviously manipulated to create a panic scenario.

 

If we now choose to review Brent Crude, things don’t look great for the product price as it’s now trading in a region where some fairly strong reversals look possible. We regard $71.20 as the last straw to promote some fairly firm drops, indicating it will trigger reversal to an initial 69.5 with our “longer term” secondary, if broken, working out at 61.5 and the potential for a bounce. But if everything goes seriously wrong, it could easily choose to bounce from the $50 level eventually. If Brent intends to produce some miracles, above just 81.8 should do it, calculating with the hope of a visit to 87.7 with secondary,. if beaten, at 92.7 and probable hesitation.

 

Gold, or as its friends now call it; XAU/USD, is in an interesting situation. The price of the metal has started to achieve “higher highs” and not just with unusual looking intraday spikes with don’t last very long. Instead, the metal is cheerfully closing sessions in positive territory. While we shall not be aghast if it tumbles back to around $2050 sometime in the weeks ahead, overall we’re fairly optimistic and shall not be surprised at future moves above 2090 promoting a lunge at 2154 dollars with our secondary, if bettered, working out at an eventual 2350 dollars. For the metal to attempt a melt down, the early “safe” sign looks like movement below 1916 triggering reversal to 1868 with secondary, if broken, at 1773 and a possible rebound.

 

The Dax. The German market continues to look fairly positive, almost trading at its highest level of all time, an accolade achieved in the middle of this December. Despite the immediate price flatlining a bit currently, doubtless due to seasonal boredom factors, the German index would currently need slip below 15400 points to provoke a raised eyebrow for the future as this risks the start of an eventual 2000 point drop!

Its potentials currently look reasonably strong, above 17003 calculating with the hope of a visit to an initial 17860 with our secondary, if bettered, an eventual 18280 points.

 

Dow Jones Our next member of the “Higher High” club is Wall St, gleefully soaring over all previous highs and despite the seasonal lack of volumes, continuing to climb on a daily basis. From our perspective, something fairly interesting is going on as it should “only” have climbed to 37500 and experienced some jitters. The reversal on December 20th appeared to deliver a quick ration of jitters and the days since continue to show relentless growth. It’s easily possible a near term 38215 calculates as possible on the immediate cycle, again a point at which some hesitation may occur. However, overall we now regard this as on a track to a longer term 38970 with secondary 39850, a level where is almost must experience hesitation of some sort.

For things to go pear shaped, below 33900 would be troubling, allowing reversals to an initial 30710 with secondary, if broken, around 29460 and a probable bounce.

 

Nasdaq 100 The Nasdaq, despite its sojourn in the land of Higher Highs, is a bit of a puzzle. We’ve been calculating the 17000 level as holding the potential for some hesitation and the market has not yet exceeded such a level. Instead, it climbed to 16970 and doubtless has fallen victim to the lack of trading volume over the festive season. But our preference is always for a target level to be exceeded before uttering genuine optimism. Above 17000 points works out with an initial possibility of 17500 with secondary, if bettered, at an eventual top of 19800 points. It’s quite sobering to glance at the Nasdaq and view the 2020 Pandemic droop, remembering the uncertainty as to how long it’d take for the markets to recover.

If things intend go wrong, below 15100 would tick the first important box for trouble as this risks reversals to 14600 with secondary, if broken, at 13400 points.

 

FTSE 100 With almost comic timing, the FTSE is managing to achieve its own version of ‘Higher Highs’ though instead of beating prior years, it’s only beating the months since June 2023. We’ve a “big deal” calculation for the future as the FTSE now needs better 8076 points to give a solid suggestion growth shall actually stick. From a near term perspective, above 7763 should now trigger movement to an initial 7869 points with secondary, if bettered, still at 8066 points and marginally below the level of breakout we demand for the longer term.

Should UK politics decide to wield its influence, below 7480 currently risks provoking reversal to an initial 7254 with secondary, if broken, at 7084 and hopefully a bottom.

Have a good New Year and our best wishes for a better 2024

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:30:12PM	BRENT	7736	7710	7676	7520	7750	7914	7988	8082	7818	Success
9:32:45PM	GOLD	2065.79	2065	2058	2048	2076	2081	2087	2095	2071
9:35:37PM	FTSE	7721	7705	7696	7675	7729	7743	7751	7765	7719
9:38:32PM	STOX50	4516.7	4512	4508	4493	4526	4530	4534	4541	4520	‘cess
10:11:42PM	GERMANY	16707	16689	16669	16621	16740	16740	16752	16773	16710	‘cess
10:14:38PM	US500	4787	4781	4776	4770	4790	4794	4796	4801	4787
10:18:18PM	DOW	37717	37542	37517	37429	37662	37779	37798	37825	37680	‘cess
10:21:39PM	NASDAQ	16900.7	16891	16869	16835	16923	16965	16984	17015	16919	‘cess
10:24:26PM	JAPAN	33432	33294	33082	32850	33396	33573	33699	33833	33488	‘cess

 

28/12/2023 FTSE Closed at 7722 points. Change of -0.03%. Total value traded through LSE was: £ 2,663,363,582 a change of -25.61%

27/12/2023 FTSE Closed at 7724 points. Change of 0.35%. Total value traded through LSE was: £ 3,580,231,157 a change of 59.88%

22/12/2023 FTSE Closed at 7697 points. Change of 0.04%. Total value traded through LSE was: £ 2,239,365,244 a change of -44.7%

21/12/2023 FTSE Closed at 7694 points. Change of -0.27%. Total value traded through LSE was: £ 4,049,214,798 a change of -30.21%

20/12/2023 FTSE Closed at 7715 points. Change of 1.01%. Total value traded through LSE was: £ 5,802,090,818 a change of -19.89%

19/12/2023 FTSE Closed at 7638 points. Change of -100%. Total value traded through LSE was: £ 7,242,394,350 a change of 0%

18/12/2023 FTSE Closed at 7614 points. Change of 0%. Total value traded through LSE was: £ 4,288,360,200 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:IGG IG Group** **LSE:PMG Parkmead** **LSE:SCLP Scancell** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPT Spirent Comms** **LSE:SPX Spirax** **

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Updated charts published on : IG Group, Parkmead, Scancell, Scottish Mortgage Investment Trust, Spirent Comms, Spirax,

LSE:IGG IG Group. Close Mid-Price: 764.5 Percentage Change: + 0.20% Day High: 768 Day Low: 757.5

In the event of IG Group enjoying further trades beyond 768, the share sh ……..

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LSE:PMG Parkmead. Close Mid-Price: 20 Percentage Change: + 5.26% Day High: 21.25 Day Low: 19

Continued trades against PMG with a mid-price ABOVE 21.25 should improve ……..

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LSE:SCLP Scancell Close Mid-Price: 10.75 Percentage Change: -2.27% Day High: 11 Day Low: 10.38

If Scancell experiences continued weakness below 10.38, it will invariabl ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 808.4 Percentage Change: + 1.30% Day High: 810.2 Day Low: 799.4

Target met. All Scottish Mortgage Investment Trust needs are mid-price tr ……..

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LSE:SPT Spirent Comms Close Mid-Price: 122.4 Percentage Change: -0.57% Day High: 128.8 Day Low: 121.8

All Spirent Comms needs are mid-price trades ABOVE 128.8 to improve accel ……..

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LSE:SPX Spirax Close Mid-Price: 10510 Percentage Change: -0.24% Day High: 10630 Day Low: 10465

Continued trades against SPX with a mid-price ABOVE 10630 should improve ……..

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