First FTSE for FRIDAY (FTSE:UKX) of 2024

#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.

Natwest Group (LSE:NWG) a share glued down.

#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.

Wider market thoughts as another year ends.

#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

FTSE for THURSDAY (FTSE:UKX) ‘cos Friday is a half day

It’s obviously our imagination but this year, the final full day of trading has come around incredibly fast. As always, we respect Scotlands holidays and shall return on Wednesday 3rd January. This country has a history of “odd” holidays as Christmas wasn’t an official holiday until 1958, due to parsimonious religious reasons. But New Year always allowed for two days of drinking time by way of apology. When Christmas day was declared an official holiday, no-one had the courage to tighten the New Year regulations, a situation which thankfully remains.

Wednesday saw the FTSE spend most of the day pretending to do anything, a bit similar to those folk returning to work during the festive break. When the UK index managed spend 5.5 hours from 9am, messing around within a 20 point range, we did tend to lose interest as it was clear volumes were going to be minimal and any hope for fireworks would be misplaced. However, there was a bit of a change at 20 past 3 in the afternoon as the FTSE shouldn’t really have dribbled below 7722 points.

Unfortunately, this sort of movement has created a situation where reversal again below 7722 points risks triggering a visit down to an initial 7685 points with our secondary, if broken, calculating down at 7652 points and hopefully a rebound. In the event such a level breaks, there becomes a very real risk of the UK market opting to end 2023 around the visually unlikely 7576 points point! If the initial movement triggers, the tightest stop loss level looks like 7752 points.

 

However, there are early signs suggesting the potential for some optimism, thanks to the London market almost achieving a series of higher highs. It results in a situation, where we may speculate on a scenario where above 7764 points should now trigger gains toward an initial 7869 points with secondary, if beaten, now working out at 8066 points. With the best will in the world, we find it difficult to express any real hope for a visit to a new all time high above 8000 points.

Have a good New Year break and ‘lang may yer lum reek’. (A Scottish drinking toast meaning; “Long may smoke come out of your chimney and thus, letting everyone know you’re still alive”)

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
9:58:56PM BRENT 7925 7920 7880 7792 7992 7903 8236 8568 7834
10:01:31PM GOLD 2077.25 2062 2055 2045 2072 2085 2118 2166 2065
10:03:35PM FTSE 7724.1 7709 7692 7668 7739 7764 7783 7808 7726
10:05:33PM STOX50 4535.5 4521 4512 4498 4545 4554 4569 4595 4534
10:08:39PM GERMANY 16755.3 16725 16692 16652 16757 16802 16828 16868 16735
10:10:45PM US500 4786 4768 4764 4756 4780 4788 4820 4863 4758
10:13:26PM DOW 37662 37493 37455 37376 37580 37692 37747 37987 37594
10:16:18PM NASDAQ 16928.5 16852 16840 16809 16900 16933 16963 17100 16852
10:18:18PM JAPAN 33509 33454 33377 33242 33565 33782 33964 34260 33570

 

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 0.32%. Total value traded through LSE was: £ 7,242,394,350 a change of 68.88%
18/12/2023 FTSE Closed at 7614 points. Change of -100%. Total value traded through LSE was: £ 4,288,360,200 a change of 0%
15/12/2023 FTSE Closed at 7576 points. Change of 0%. Total value traded through LSE was: £ 11,949,408,359 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:BARC Barclays** **LSE:EME Empyrean** **LSE:GRG Greggs** **LSE:MKS Marks and Spencer** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:SPX Spirax** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **

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Updated charts published on : Avacta, Barclays, Empyrean, Greggs, Marks and Spencer, Oxford Instruments, Parkmead, Spirax, Tern Plc, Tullow,

LSE:AVCT Avacta. Close Mid-Price: 112.5 Percentage Change: + 0.90% Day High: 113 Day Low: 108.5

Weakness on Avacta below 108.5 will invariably lead to 100p with secondar ……..

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LSE:BARC Barclays. Close Mid-Price: 153.66 Percentage Change: + 1.24% Day High: 154.66 Day Low: 152.2

Target met. Continued trades against BARC with a mid-price ABOVE 154.66 s ……..

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LSE:EME Empyrean. Close Mid-Price: 0.68 Percentage Change: + 13.22% Day High: 0.55 Day Low: 0.55

Continued weakness against EME taking the price below 0.55 calculates as ……..

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LSE:GRG Greggs. Close Mid-Price: 2636 Percentage Change: + 0.92% Day High: 2656 Day Low: 2622

Target met. Further movement against Greggs ABOVE 2656 should improve acc ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 272.6 Percentage Change: + 0.22% Day High: 274.6 Day Low: 270.8

Target met. Continued trades against MKS with a mid-price ABOVE 274.6 sho ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2350 Percentage Change: + 0.00% Day High: 2470 Day Low: 2320

Target met. Continued trades against OXIG with a mid-price ABOVE 2470 sho ……..

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LSE:PMG Parkmead. Close Mid-Price: 19 Percentage Change: + 18.75% Day High: 19 Day Low: 16

Further movement against Parkmead ABOVE 19 should improve acceleration to ……..

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LSE:SPX Spirax. Close Mid-Price: 10535 Percentage Change: + 1.64% Day High: 10570 Day Low: 10430

All Spirax needs are mid-price trades ABOVE 10570 to improve acceleration ……..

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LSE:TERN Tern Plc Close Mid-Price: 3.5 Percentage Change: -17.65% Day High: 4.25 Day Low: 3.25

Target met. In the event Tern Plc experiences weakness below 3.25p it cal ……..

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LSE:TLW Tullow. Close Mid-Price: 38.54 Percentage Change: + 0.10% Day High: 39.1 Day Low: 37.38

All Tullow needs are mid-price trades ABOVE 39.1 to improve acceleration ……..

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

A Festive FTSE (FTSE:UKX) may wake up…

Thursday sure as heck didn’t go entirely as expected. As expected, the FTSE managed to trigger a drop then behaved with the braincell of a cat staring at a wall, doing very little for the rest of the day! In other words, standard festive fare but perhaps showing the market still intends further recovery. Should this be the case, above 7733 remains with the potential of a visit to 7778 points. Our alternate scenario remains viable, movement continuing below 7668 still expecting a visit to 7620 and hopefully a bounce. We suspect it shall be naïve to anticipate this sort of movement on Xmas eve.

As promised, we’ve taken a look at the wider markets and can report how the UK has performed as against everyone else. Unfortunately, the picture isn’t great. The USA, now trading at all times highs, looks quite encouraging and next week, we shall produce some Big Picture outlooks for the future. The problem we see for the UK comes, should other markets discover an excuse to suffer trauma next year. The UK’s failure to express any form of reasonable gain, or in the case of the AIM market, actually declined in value creates a problem.

With no “fat under the belt”, a problem hurting other world markets is liable to prove extremely painful for the FTSE. It creates a situation where we’re nervous of any suggestion a share price may be “cheap” as things could go badly wrong very quickly.

To sum up each markets current prospects, France looks capable of positive movement of some strength and Germany echoes its position. The Nasdaq looks extremely poised to experience some sort of reversal hiccups. Wall St and the S&P  appear to be in a similar zone, prices already stuttering at a logical high.

When we look at Gold, we suspect it shall mess around for a while in the 2000 to 2100 dollar zone. This will doubtless prove good news for the miners from Discovery’s Gold Rush!

And then, we have the FTSE. It is supposed to be in a zone where around 400 points of growth could be expected. But the continued lack of performance is proving a worry and as a result, we shall include it with next weeks Big Picture reports. In many respects, the struggling AIM market is taking an identical stance to the FTSE and perhaps some hope shall be evident for the near future. We shall obviously keep an eye on it.

 

And finally, have a pleasant festive break.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:00:17PM BRENT 7918.3 7834 7766 7700 7930 7937 7983 8050 7840 ‘cess
10:03:56PM GOLD 2045.76 2033 2029 2023 2044 2047 2051 2059 2039
10:09:45PM FTSE 7695.1 7654 7615 7564 7682 7713 7720 7742 7676
10:12:56PM STOX50 4535 4511 4485 4449 4530 4531 4543 4560 4510
10:16:09PM GERMANY 16728 16595 16563 16502 16678 16767 16807 16868 16690
10:18:15PM US500 4746 4707 4687 4657 4727 4749 4756 4777 4719
10:21:22PM DOW 37369 37081 37011 36873 37188 37423 37476 37626 37325 ‘cess
10:23:45PM NASDAQ 16749 16618 16575 16511 16697 16771 16834 16928 16714 Success
10:26:18PM JAPAN 33316 33097 32999 32875 33218 33368 33399 33507 33234
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 0.32%. Total value traded through LSE was: £ 7,242,394,350 a change of 68.88%
18/12/2023 FTSE Closed at 7614 points. Change of 0.5%. Total value traded through LSE was: £ 4,288,360,200 a change of -64.11%
15/12/2023 FTSE Closed at 7576 points. Change of -0.94%. Total value traded through LSE was: £ 11,949,408,359 a change of 47.73%
14/12/2023 FTSE Closed at 7648 points. Change of 1.32%. Total value traded through LSE was: £ 8,088,595,771 a change of 41.45%
13/12/2023 FTSE Closed at 7548 points. Change of 0.08%. Total value traded through LSE was: £ 5,718,449,628 a change of 4.86%

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:

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Updated charts published on :

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

FTSE for FRIDAY on THURSDAY (FTSE:UKX) of course…

#FTSE #GOLD We always have a very poor view of the half day session just before Christmas. It gets a little old after a few years, turning on monitors for 8am and watching the market move by a few points until maybe 1 minute past eight. Then nothing happens until just after 12 noon, sometimes even later, as all the work which should have taken place in the previous four hours actually happens. One year, everything kicked off with just 3 minutes to go until the Xmas break.

It’s easy to be cynical, especially if watching the market via a chart in minute by minute mode. After a while of viewing 5 point oscillations, a 7 point movement can suddenly look like things have gotten exciting until you zoom out and realise everything just dropped back into “do nothing” place. From our perspective, it results in a situation where attempting to produce analysis for the final session before Xmas is usually a situation of trying to sound enthusiastic about the potential of picking up pathetically low numbers of points.

Maybe this year it shall be different, if only thanks to the 30 point upward spike at the open on Wednesday implying a potential for imminent weakness. This is a bit of a pity, thanks to the FTSE ticking the first box in a logic trail which calculates with an eventual visit to 8066 points. Unfortunately, we worry the market has also noticed this and decided the UK doesn’t deserve a visit to a new all time high, unlike Wall Street.

To dwell on the side of positive, ‘cos it’s Christmas soon, above 7750 points looks capable of triggering near term movement to an initial 7778 points. Our longer term secondary, if bettered, calculates at 7802 points and some probable hesitation. If triggered, the tightest stop loss level looks like 7700 points, suggesting a pretty well balanced Risk/Reward scenario.

 

Our alternate viewpoint, thanks to the upward spike at the open on Wednesday, by necessity makes us suspect reversals shall prove imminent. This being the case, below 7678 appears to have the potential of triggering reversal to an initial 7620 points with our secondary, if broken, a less likely (because it breaks below Blue) 7518 points.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:14:02PM BRENT 7928.2 7917 7843 7766 7976 8074 8122 8211 7979 ‘cess
10:16:49PM GOLD 2030.96 2020 2011 1999 2034 2048 2055 2068 2032
10:21:08PM FTSE 7673.8 7652 7610 7557 7693 7731 7761 7792 7674 ‘cess
10:23:24PM STOX50 4497.4 4491 4483 4447 4539 4557 4570 4596 4525 Success
10:25:22PM GERMANY 16624 16600 16573 16492 16698 16816 16845 16927 16718 ‘cess
10:27:43PM US500 4700.6 4691 4669 4633 4730 4777 4806 4844 4769
10:35:34PM DOW 37106 37029 36968 36742 37223 37307 37359 37469 37200 ‘cess
10:38:21PM NASDAQ 16585.5 16554 16482 16354 16659 16665 16695 16742 16581 Success
10:43:05PM JAPAN 33210 33073 32980 32878 33185 33428 33562 33724 33298 Shambles

 

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 0.32%. Total value traded through LSE was: £ 7,242,394,350 a change of 68.88%
18/12/2023 FTSE Closed at 7614 points. Change of 0.5%. Total value traded through LSE was: £ 4,288,360,200 a change of -64.11%
15/12/2023 FTSE Closed at 7576 points. Change of -0.94%. Total value traded through LSE was: £ 11,949,408,359 a change of 47.73%
14/12/2023 FTSE Closed at 7648 points. Change of 1.32%. Total value traded through LSE was: £ 8,088,595,771 a change of 41.45%
13/12/2023 FTSE Closed at 7548 points. Change of 0.08%. Total value traded through LSE was: £ 5,718,449,628 a change of 4.86%
12/12/2023 FTSE Closed at 7542 points. Change of -0.03%. Total value traded through LSE was: £ 5,453,180,069 a change of 16.03%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CASP Caspian** **LSE:CPI Capita** **LSE:EZJ EasyJet** **LSE:GLEN Glencore Xstra** **LSE:IHG Intercontinental Hotels Group** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Barclays, Barrett Devs, Caspian, Capita, EasyJet, Glencore Xstra, Intercontinental Hotels Group, Marks and Spencer, Ocado Plc, Oxford Instruments, Primary Health, Scottish Mortgage Investment Trust, Spirax, Taylor Wimpey,

LSE:BARC Barclays. Close Mid-Price: 151.64 Percentage Change: + 2.70% Day High: 152.36 Day Low: 148.9

Target met. All Barclays needs are mid-price trades ABOVE 152.36 to impro ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 563.4 Percentage Change: + 1.29% Day High: 582.2 Day Low: 557.6

Target met. Further movement against Barrett Devs ABOVE 582.2 should impr ……..

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LSE:CASP Caspian. Close Mid-Price: 2.75 Percentage Change: + 3.77% Day High: 2.75 Day Low: 2.6

Weakness on Caspian below 2.6 will invariably lead to 2.2p with secondary ……..

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LSE:CPI Capita Close Mid-Price: 21.92 Percentage Change: -0.09% Day High: 22.98 Day Low: 21.62

All Capita needs are mid-price trades ABOVE 22.98 to improve acceleration ……..

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LSE:EZJ EasyJet. Close Mid-Price: 508.2 Percentage Change: + 1.19% Day High: 513.2 Day Low: 506

Target met. Continued trades against EZJ with a mid-price ABOVE 513.2 sho ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 469.15 Percentage Change: + 0.29% Day High: 478 Day Low: 468.45

All Glencore Xstra needs are mid-price trades ABOVE 478 to improve accele ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 7118 Percentage Change: + 0.31% Day High: 7182 Day Low: 7098

Further movement against Intercontinental Hotels Group ABOVE 7182 should ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 271.4 Percentage Change: + 2.61% Day High: 272.6 Day Low: 266.2

Further movement against Marks and Spencer ABOVE 272.6 should improve acc ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 789 Percentage Change: + 2.90% Day High: 798.6 Day Low: 771.4

Target met. Further movement against Ocado Plc ABOVE 798.6 should improve ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2370 Percentage Change: + 3.04% Day High: 2375 Day Low: 2300

All Oxford Instruments needs are mid-price trades ABOVE 2375 to improve a ……..

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LSE:PHP Primary Health. Close Mid-Price: 106.3 Percentage Change: + 4.22% Day High: 109 Day Low: 103

Further movement against Primary Health ABOVE 109 should improve accelera ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 794.6 Percentage Change: + 0.40% Day High: 805.4 Day Low: 793.6

Target met. In the event of Scottish Mortgage Investment Trust enjoying f ……..

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LSE:SPX Spirax. Close Mid-Price: 10475 Percentage Change: + 1.31% Day High: 10515 Day Low: 10365

Further movement against Spirax ABOVE 10515 should improve acceleration t ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 144.8 Percentage Change: + 0.49% Day High: 149.75 Day Low: 144.35

Target met. In the event of Taylor Wimpey enjoying further trades beyond ……..

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

Vodafone Group Plc (LSE:VOD) hibernating?

#FTSE #SP500 As we’re definitely at that time of the year, when the “they’ll never be as cheap again” crowd come out from under a rock. In behaviour, it’s similar to Michael Bublé emerging to try and sell whatever Christmas dirge he once again has on offer to augment his pension, vanishing and not heard of for another year. In common with Bublé, those folk launching their exciting predictions always fail to apologise for their last efforts. What prompts this was reading an optimistic article about Vodafone, one we wrote nearly two years ago!

While we’ve actually nothing to apologise for, the tone of the article implied optimism could be assigned, if only the share price closed above 140p, our secondary target level.  The share price reached our target, closing at 139.88p and magnanimously failed to close higher and trigger longer term gains, thus ensuring we didn’t have egg on our face.

 

Things are not looking great for Vodafone, something of a surprise for a share which has apparently been paying a healthy dividend. Quite the opposite of optimism is suggested, due to the threat of weakness below just 64.4p risking triggering a tumble down to an initial 49p with our secondary, if broken, down at an eventual 31p.

The share price needs a miracle above 103p to hopefully ring in changes, calculating with the potential of a lift to 127p with our longer term secondary, if exceeded, now working out at 147p. Alas, for now we’re about as happy as possible to be, when a Michael Bublé tune comes on the car radio. Why don’t Radio2 do the world a favour and simply pretend he doesn’t exist?  It’s surely a great pity Slade never produced a Xmas hit…

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:13:59PM BRENT 7937
10:15:57PM GOLD 2040.01 ‘cess
10:17:58PM FTSE 7648 7603 7586 7561 7640 7660 7671 7712 7626
10:21:03PM STOX50 4539.3 ‘cess
10:24:10PM GERMANY 16760.7
10:28:21PM US500 4765 4736 4729 4716 4750 4768 4821 4924 4694 Success
10:30:54PM DOW 37541 ‘cess
10:34:41PM NASDAQ 16813.9 ‘cess
10:38:41PM JAPAN 33437

 

19/12/2023 FTSE Closed at 7638 points. Change of 0.32%. Total value traded through LSE was: £ 7,242,394,350 a change of 68.88%
18/12/2023 FTSE Closed at 7614 points. Change of 0.5%. Total value traded through LSE was: £ 4,288,360,200 a change of -64.11%
15/12/2023 FTSE Closed at 7576 points. Change of -0.94%. Total value traded through LSE was: £ 11,949,408,359 a change of 47.73%
14/12/2023 FTSE Closed at 7648 points. Change of 1.32%. Total value traded through LSE was: £ 8,088,595,771 a change of 41.45%
13/12/2023 FTSE Closed at 7548 points. Change of 0.08%. Total value traded through LSE was: £ 5,718,449,628 a change of 4.86%
12/12/2023 FTSE Closed at 7542 points. Change of -0.03%. Total value traded through LSE was: £ 5,453,180,069 a change of 16.03%
11/12/2023 FTSE Closed at 7544 points. Change of -0.13%. Total value traded through LSE was: £ 4,699,736,729 a change of -1.07%

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:EZJ EasyJet** **LSE:IHG Intercontinental Hotels Group** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:RKH Rockhopper** **LSE:SPX Spirax** **

********

Updated charts published on : Asos, EasyJet, Intercontinental Hotels Group, Ocado Plc, Oxford Instruments, Rockhopper, Spirax,

LSE:ASC Asos. Close Mid-Price: 425 Percentage Change: + 2.41% Day High: 445 Day Low: 403

Target met. Further movement against Asos ABOVE 445 should improve accele ……..

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LSE:EZJ EasyJet. Close Mid-Price: 502.2 Percentage Change: + 0.78% Day High: 507.6 Day Low: 494

In the event of EasyJet enjoying further trades beyond 507.6, the share s ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 7096 Percentage Change: + 0.34% Day High: 7148 Day Low: 7088

Continued trades against IHG with a mid-price ABOVE 7148 should improve t ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 766.8 Percentage Change: + 5.33% Day High: 763.2 Day Low: 729.2

Target met. All Ocado Plc needs are mid-price trades ABOVE 763.2 to impro ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2300 Percentage Change: -0.22% Day High: 2340 Day Low: 2245

In the event of Oxford Instruments enjoying further trades beyond 2340, t ……..

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LSE:RKH Rockhopper. Close Mid-Price: 10.53 Percentage Change: + 2.18% Day High: 10.95 Day Low: 10

Continued weakness against RKH taking the price below 10 calculates as le ……..

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LSE:SPX Spirax. Close Mid-Price: 10340 Percentage Change: + 2.27% Day High: 10370 Day Low: 10130

Continued trades against SPX with a mid-price ABOVE 10370 should improve ……..

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