Trends And Targets

#FTSE #WallSt  

The only thing funnier than my recent Diabetes T2 diagnosis are recent FTSE movements. With Coeliac disease (the gluten thing) along with egg and shellfish allergies already compromising food choices, the inclusion of diabetes has brought chaos into Xmas dinner plans. But on the plus side, I get to play with all the packaging and wrapping paper while everyone eats!

This little hint of frustration with the FTSE comes, thanks to recent market movements. We’d been hoping the rally which started in November would continue but, thanks to politicians and interest rate manipulation, it starts to look like the UK index is fated to follow other markets into a downward spiral. With Wall St, for instance, we shall not be surprised if it visits 32,300 sometime soon. Dangerously, should such a level break, the US index could easily lose a further 2,000 points before bouncing. At risk of being ridiculous, it almost feels like those who spent October predicting recession in 2023 are now doing their hardest to actually cause such a mess, thanks to the markets opting to ignore their predictions and trundle upwards. Currently, the writing is on the wall, we’re just not 100% certain it’s in indelible ink. Should Wall St wander below 32,850, the chances of severe reversals increase dramatically.

 

Near term for the FTSE, movement below 7410 looks troubling, coming with the risk of triggering reversal to an initial 7347 points. If broken, our secondary calculates at 7294 points and hopefully a bounce capable of propelling the index above Red again. From a “charty” stance, this would be very good news for the future.

Our converse stance for the FTSE requires the UK index to exceed 7495 points as this should trigger emergency recovery to an initial 7537 points. Our secondary is a little worrying, calculating at 7587 points and matching recent previous highs. This, essentially, telegraphs the risk of a glass ceiling at the 7600 level and hints optimism should stay on the back burner until the UK manages to close above such a level.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:45:44PM	BRENT	81.57	81.12	80.08		82.56	83.2	83.9		81.6
9:47:58PM	GOLD	1777.24	1773	1767		1786	1796	1802		1786	Success
9:50:43PM	FTSE	7445.01	7407	7396		7455	7494	7503		7458	Success
10:05:05PM	STOX50	3839	3825	3806		3861	3875	3880		3848
10:17:44PM	GERMANY	13974.98	13955	13851		14077	14190	14236		14040	Success
10:27:36PM	US500	3892	3876	3813		3910	3961	3985		3921	Success
10:37:22PM	DOW	33165.5	32994	32637		33220	33768	34005		33503	Success
10:41:32PM	NASDAQ	11343	11292	11160		11389	11622	11742		11519	Success
10:44:59PM	JAPAN	27670	27627	27527		27752	27873	27912		27787	Success

 

15/12/2022 FTSE Closed at 7426 points. Change of -0.92%. Total value traded through LSE was: £ 5,074,557,667 a change of -3.77%

14/12/2022 FTSE Closed at 7495 points. Change of -0.09%. Total value traded through LSE was: £ 5,273,114,917 a change of -15.16%

13/12/2022 FTSE Closed at 7502 points. Change of 0.77%. Total value traded through LSE was: £ 6,215,222,839 a change of 28.4%

12/12/2022 FTSE Closed at 7445 points. Change of -0.41%. Total value traded through LSE was: £ 4,840,427,704 a change of -2.03%

9/12/2022 FTSE Closed at 7476 points. Change of 0.05%. Total value traded through LSE was: £ 4,940,691,101 a change of -3.99%

8/12/2022 FTSE Closed at 7472 points. Change of -0.23%. Total value traded through LSE was: £ 5,146,170,093 a change of -10.96%

7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:IPF International Personal Finance** **LSE:TRN The Trainline** **

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Updated charts published on : Aston Martin, Asos, Cellular Goods, Carnival, International Personal Finance, The Trainline,

LSE:AML Aston Martin. Close Mid-Price: 169.65 Percentage Change: + 4.53% Day High: 170.85 Day Low: 155.85

Further movement against Aston Martin ABOVE 170.85 should improve acceler ……..

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LSE:ASC Asos Close Mid-Price: 510.5 Percentage Change: -4.58% Day High: 532.5 Day Low: 509

Weakness on Asos below 509 will invariably lead to 444 with secondary, if ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.02 Percentage Change: -4.65% Day High: 1.07 Day Low: 1.02

Weakness on Cellular Goods below 1. will invariably lead to 0.79p with se ……..

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LSE:CCL Carnival Close Mid-Price: 620.4 Percentage Change: -2.45% Day High: 637.2 Day Low: 615.8

Continued weakness against CCL taking the price below 615.8 calculates as ……..

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LSE:IPF International Personal Finance Close Mid-Price: 71.1 Percentage Change: -5.20% Day High: 73.1 Day Low: 70.5

In the event International Personal Finance experiences weakness below 70 ……..

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LSE:TRN The Trainline Close Mid-Price: 292.9 Percentage Change: -3.27% Day High: 299.2 Day Low: 292.3

Things are looking dodgy for TRN, perhaps the markets deciding a company w ……..

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

#Stoxx50 #SP500

True victory is when a grand-daughter says to her horrified mother, “Can we go outside tonight to look at the haemorrhoids? Grand-dad says he’s going to be taking photographs.” In my defence, meteor shower names are all vaguely similar, so inventing ‘The Haemorrhoid Meteor Shower’ amused. Of course, the child remembered tonight’s spectacular, asking her mum to go outside once it got dark.

The reality, with outside temperatures here in Argyll currently around -7c, is it’s too blooming cold to loiter with a camera. Despite a ski jacket, snow boots, bobble hat, and the inevitable surgical mask (hey, these things really keep your nose warm!), the idea of standing around for 30 minutes somehow fails to appeal. Currently, my phone is linked by bluetooth to a proper camera which is sitting outside and so far, I’ve seen nothing worth taking a photograph of. This is a bit similar to Argo Blockchain, a company with a chart we wish we could just skip past. Perhaps the number of email requests, asking for an update, may be an indication of something stirring. Or perhaps it’s showing a degree of panic at a share price following a similar trajectory to this evenings invisible meteors.

 

When we previously reviewed Argo Blockchain back in January of this year, we failed to be impressed and pointed out the dangers if it moved below 88p. By the end of the month, the share price had ticked all the boxes and started to tumble, eventually reaching out “ultimate bottom” of 49p during May 2022. We’d assigned this as an “ultimate bottom” simply because we couldn’t calculate lower without invoking minus signs. Following this calamity, time has not been kind to the share and it’s currently trading around 4p.

Perhaps some hope may be taken from recent Bitcoin price movements as it’s exhibiting early signs for a surprise recovery. LSE:ARB managed to mimic Bitcoin hysterics during the share price decline, so maybe there’s a chance for share price recovery, should Bitcoin decide to do something useful. Currently Bitcoin is suggesting it may abandon its attempts to visit the 13,000 dollar level as above 18,500 should provoke a lift to an initial 20,700 with secondary, if exceeded, a game changing 25,400. The secondary is a really big deal as, if attained, it confirms the immediate rot is over for Bitcoin. And a company like LSE:ARB should experience sharp share price recovery. At least, in a fair world, it would.

Another hopeful aspect of ARB comes from all the little Xmas bobbles we’ve decorated the chart with. This is a share where the market habitually forces the price down, six pretty major manipulation gaps in the last 12 months. Some attention is warranted with the inset on the chart, showing movement a couple of days ago, as the market worked hard to ensure ARB didn’t exceed the ruling Blue downtrend. It may be the case this shall prove important, if attempting to catch a surprise recovery. In the event the market allows this share price to close above Blue, we shall be inclined to assume the brakes are off, hoping a cycle to an initial 10.3p is commencing with secondary, if beaten, a longer term 17.2p.

We can count above these levels but, in this instance, will prefer to revisit the share if it actually does anything useful.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:38:21PM	BRENT	82.95									‘cess
9:40:52PM	GOLD	1806.89									‘cess
9:44:15PM	FTSE	7476.08
9:46:45PM	STOX50	3961.5	3941	3919	3881	3979	3986	4003	4024	3952
9:48:50PM	GERMANY	14408
9:51:09PM	US500	4002.6	3962	3947	3884	4010	4070	4088	4106	4007	Shambles
9:54:56PM	DOW	34041
9:56:53PM	NASDAQ	11771
9:59:30PM	JAPAN	27963									‘cess

 

14/12/2022 FTSE Closed at 7495 points. Change of -0.09%. Total value traded through LSE was: £ 5,273,114,917 a change of -15.16%

13/12/2022 FTSE Closed at 7502 points. Change of 0.77%. Total value traded through LSE was: £ 6,215,222,839 a change of 28.4%

12/12/2022 FTSE Closed at 7445 points. Change of -0.41%. Total value traded through LSE was: £ 4,840,427,704 a change of -2.03%

9/12/2022 FTSE Closed at 7476 points. Change of 0.05%. Total value traded through LSE was: £ 4,940,691,101 a change of -3.99%

8/12/2022 FTSE Closed at 7472 points. Change of -0.23%. Total value traded through LSE was: £ 5,146,170,093 a change of -10.96%

7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%

6/12/2022 FTSE Closed at 7521 points. Change of -0.61%. Total value traded through LSE was: £ 5,764,980,013 a change of 13.53%

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:BP. BP PLC** **LSE:CBX Cellular Goods** **LSE:CEY Centamin** **LSE:EZJ EasyJet** **

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Updated charts published on : Astrazeneca, BP PLC, Cellular Goods, Centamin, EasyJet,

LSE:AZN Astrazeneca. Close Mid-Price: 11400 Percentage Change: + 0.65% Day High: 11414 Day Low: 11144

Further movement against Astrazeneca ABOVE 11414 should improve accelerat ……..

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LSE:BP. BP PLC Close Mid-Price: 469.55 Percentage Change: -0.32% Day High: 475.55 Day Low: 467.55

In the event of BP PLC enjoying further trades beyond 475.55, the share s ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.07 Percentage Change: -12.24% Day High: 1.23 Day Low: 1.05

Target met. Continued weakness against CBX taking the price below 1.05 ca ……..

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LSE:CEY Centamin Close Mid-Price: 108.45 Percentage Change: -1.72% Day High: 111.8 Day Low: 108.45

Target met. Further movement against Centamin ABOVE 111.8 should improve ……..

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LSE:EZJ EasyJet Close Mid-Price: 363.1 Percentage Change: -1.81% Day High: 368.1 Day Low: 358

Weakness on EasyJet below 358 will invariably lead to 323 with secondary ……..

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

#Gold #Nikkei

Housing Deutsche Bank and the European Central bank HQ’s, Frankfurt provides an absurd memory of visiting an excellent Christmas market one Sunday. It was supposed to be a quick day trip, my then girlfriend who worked in Munich assuring me it was just a few centimetres on the map, surely a quick drive. Her map was, of course, of all Europe and we lacked a GPS.

Our Saab 900 Turbo dealt with the 400km journey well, covering the couple of map centimetres in around 4 hours. It transpired the Xmas market was truly spectacular. Inevitably perhaps, we bought a cuckoo clock for ourselves and a bunch of unusual gifts for family back in Scotland. Perhaps it was the proximity of the banking centre but our experience in Frankfurt provided excellent shopping, unbelievable food, and several cases of wine, most of which was drunk by the time Xmas came around. Arriving back at The Four Seasons hotel in Munich just after midnight, we were just a few hours away from discovering another of her assumptions about the cost of hotels was expensively wrong. Quite how she’d survived the previous 8 months working in Munich, learning none of the language (due to most Germans demanding to practice their excellent English), remaining a distant stranger to exchange rates, still defeats me. Her corporate employer was picking up the tab for everything – except our stay in one of the best hotels in Germany! When she took my card down to settle the bill while I sorted out our luggage, her complexion would have challenged Dulux definition of “white” when she met up at the car. She’d finally gotten around to some basic arithmetic, realising we’d spent £180 on a single bottle of (excellent) wine with dinner on Friday night. By the time we reached our next port of call, Heidelberg, she was suggesting we spent the rest of the holiday week sleeping in the car.

Similar to Deutsche Bank share price at 120 €, that expensive week is a distant memory, but the pleasant impact of the Frankfurt’s Xmas market remains. And the cuckoo clock still works…

 

The point behind this reminiscence is shown with the Blue line on the chart below. At the start of November Deutsche Bank (DBK) share price moved through the downtrend from 2007. Generally with banking shares, we feel they need move through a magic wishing well, filled with lucky charms, blessed by the Xmas fairy, before anything useful happens. But in this instance, the movement appears to deserve an little inset on the chart as there’s little doubt the share price is reacting to the trend.

Should this prove to be the case, above just 10.50€ calculates with the potential of a lift to an initial 11.2 Euro with our secondary, if bettered, at a viable looking 12.4 Euro.

This secondary is of particular interest as share price closure above 12.4€ takes the share into a region where a longer term 21.9 Euro becomes a sane long term ambition.

We think DBK may prove worth watching as we know German prices can offer quite a surprise.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:33:12PM	BRENT	80.58									Success
9:35:15PM	GOLD	1810.82	1804	1795	1785	1815	1825	1829	1836	1811	ditto
9:37:52PM	FTSE	7492.63									ditto
9:40:28PM	STOX50	3979.4									ditto
9:42:38PM	GERMANY	14465.54									ditto
10:04:19PM	US500	4019									ditto
10:07:22PM	DOW	34117.2									ditto
10:10:29PM	NASDAQ	11833									ditto
10:12:14PM	JAPAN	28043	27908	27872	27723	28038	28150	28210	28292	28020	ditto

 

13/12/2022 FTSE Closed at 7502 points. Change of 0.77%. Total value traded through LSE was: £ 6,215,222,839 a change of 28.4%

12/12/2022 FTSE Closed at 7445 points. Change of -0.41%. Total value traded through LSE was: £ 4,840,427,704 a change of -2.03%

9/12/2022 FTSE Closed at 7476 points. Change of 0.05%. Total value traded through LSE was: £ 4,940,691,101 a change of -3.99%

8/12/2022 FTSE Closed at 7472 points. Change of -0.23%. Total value traded through LSE was: £ 5,146,170,093 a change of -10.96%

7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%

6/12/2022 FTSE Closed at 7521 points. Change of -0.61%. Total value traded through LSE was: £ 5,764,980,013 a change of 13.53%

5/12/2022 FTSE Closed at 7567 points. Change of 0.15%. Total value traded through LSE was: £ 5,078,150,606 a change of 13.07%

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:BBY BALFOUR BEATTY** **LSE:CBX Cellular Goods** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:NWG Natwest** **

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Updated charts published on : Asos, BALFOUR BEATTY, Cellular Goods, Igas Energy, Intercontinental Hotels Group, Natwest,

LSE:ASC Asos. Close Mid-Price: 568 Percentage Change: + 4.80% Day High: 600 Day Low: 524.5

Now below 524 calculates with the potential of reversal to 444 with second ……..

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 340.6 Percentage Change: -1.22% Day High: 350.4 Day Low: 340.8

Target Met. Above 351 suggests movement to 357 next with secondary, if bet ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.23 Percentage Change: -3.92% Day High: 1.27 Day Low: 1.23

If Cellular Goods experiences continued weakness below 1.23, it will inva ……..

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LSE:IGAS Igas Energy Close Mid-Price: 15.9 Percentage Change: -2.45% Day High: 16.3 Day Low: 15.7

Continued weakness against IGAS taking the price below 15.7 calculates as ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4986 Percentage Change: + 0.50% Day High: 5030 Day Low: 4942

Continued trades against IHG with a mid-price ABOVE 5030 should improve t ……..

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LSE:NWG Natwest. Close Mid-Price: 263.5 Percentage Change: + 1.23% Day High: 266.3 Day Low: 260

Target met. Further movement against Natwest ABOVE 266.3 should improve a ……..

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

#Gold #DOW  

Here in Argyll, the usual flamboyant (vulgar) unspoken competitions of Xmas lights appear to be enjoying a cease fire in 2022.  Whether this is to do with a fear of electricity prices, the ‘cost of living’ crisis, or folk simply fed up with untangling light ropes cables is unknown. Perhaps its the case it’s just too blooming cold, ice always a factor in deciding whether to climb ladders to dangle thousands of twinkling led lights.

Personally, the cold has provided sufficient excuse give this year a miss but we gather, in the wider world, there’s a certain lack garden displays and cost is bound to be an issue. It makes us wonder whether the supermarkets are liable to dodge their usual success in December, folk nationwide being very aware of the “cost of stuff”. It’s becoming difficult to maintain any justification for profiteering presently, Crude Oil’s now cheaper than it was a year ago with the price of wheat following a similar trajectory. Even timber has been showing price reversals, though still not returning to sensible levels.

 

For Tesco, their share price has enacted some really strange movements recently, starting November by regaining the historical Red uptrend. Unfortunately, it celebrated the start of December by once again breaking below Red and this is rarely an encouraging signal, quite the converse.

Price weakness now below 208p risks turning the share into a turkey as this could easily trigger reversal to an initial 191p, slightly below the more recent low. Our secondary, should such a level break, is visually absurd as it calculates at a potential bottom of 135p. We’d be quite careful with rushing into any short positions on the basis of this calculation as we suspect Tesco would really need blot their copybook to provoke such a catastrophe. However, it’d hopefully provide an ideal jumping off place for a long position, in the unlikely event such an entry level ever appeared.

Maybe the market is paying Tesco back for their awful reliance on ‘self scan’ checkouts.

Our converse scenario demands Tesco share price exceed 236p to trigger recovery to an initial 259p with secondary, if exceeded, working out at 266p. The proximity of these target levels tends imply an expectation of some hesitation, even if the company share price somehow manages to claw its way back above Red on the chart.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:08:06PM	BRENT	78.27
10:48:27PM	GOLD	1780.56	1777	1770	1758	1787	1795	1797	1803	1787	‘cess
10:50:57PM	FTSE	7467
10:53:15PM	STOX50	3942.6
10:55:11PM	GERMANY	14360.04
10:56:52PM	US500	3986.72	3920	3904	3875	3950	3990	4004	4032	3956	Shambles
10:58:32PM	DOW	33974.5
11:01:15PM	NASDAQ	11695
11:03:20PM	JAPAN	28028									‘cess

 

12/12/2022 FTSE Closed at 7445 points. Change of -0.41%. Total value traded through LSE was: £ 4,840,427,704 a change of -2.03%

9/12/2022 FTSE Closed at 7476 points. Change of 0.05%. Total value traded through LSE was: £ 4,940,691,101 a change of -3.99%

8/12/2022 FTSE Closed at 7472 points. Change of -0.23%. Total value traded through LSE was: £ 5,146,170,093 a change of -10.96%

7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%

6/12/2022 FTSE Closed at 7521 points. Change of -0.61%. Total value traded through LSE was: £ 5,764,980,013 a change of 13.53%

5/12/2022 FTSE Closed at 7567 points. Change of 0.15%. Total value traded through LSE was: £ 5,078,150,606 a change of 13.07%

2/12/2022 FTSE Closed at 7556 points. Change of -0.03%. Total value traded through LSE was: £ 4,491,031,065 a change of -9.42%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:IGAS Igas Energy** **LSE:RR. Rolls Royce** **

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Updated charts published on : Aston Martin, Asos, British Telecom, Carnival, Igas Energy, Rolls Royce,

LSE:AML Aston Martin Close Mid-Price: 153.2 Percentage Change: -4.52% Day High: 158.55 Day Low: 149.8

This only needs above 165 to allegedly trigger acceleration to an initial ……..

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LSE:ASC Asos Close Mid-Price: 542 Percentage Change: -7.35% Day High: 573 Day Low: 537

Target Met. Now below 537 calculates with the potential of reversal to 444 ……..

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LSE:BT.A British Telecom Close Mid-Price: 112.75 Percentage Change: -0.70% Day High: 113.55 Day Low: 110.55

Target Met. Now below 110 suggests reversal to 108 next with secondary, if ……..

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LSE:CCL Carnival Close Mid-Price: 645 Percentage Change: -1.53% Day High: 652.8 Day Low: 619.2

Now below 619 suggests an excursion down to an initial 585 with secondary, ……..

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LSE:IGAS Igas Energy Close Mid-Price: 16.3 Percentage Change: -3.55% Day High: 17.35 Day Low: 15.9

If Igas Energy experiences continued weakness below 15.9, it will invariab ……..

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LSE:RR. Rolls Royce Close Mid-Price: 92.84 Percentage Change: -1.29% Day High: 94.68 Day Low: 92.35

Further movement against Rolls Royce ABOVE 94.7 should improve acceleratio ……..

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

#Brent #Dax  

We’ve become so cynical with the markets, spending the weekend with an occasional glance at the news to discover if a ‘breaking story’ has yet appeared, used as an excuse to force recovery of crude oil prices. Britain hasn’t invaded Ireland, Saudi refineries are still intact, Russia is still Russia, and Xmas is still coming. About the only “surprise” is the cold weather, along with the salient fact a Blocking High in winter brings very cold weather, along with wind power taking a little break when it’s most needed. As for Natwest, their share price remains utterly becalmed and similar to Brent Crude, it’s failing to do anything particularly interesting.

Of course, this week may prove interesting for financial shares with Bank of England widely expected to punt interest rates higher on Thursday, part of their insatiable campaign to battle price inflation by pushing prices upward… Also, everyone who had the misfortune of being deemed an essential worker during the pandemic are also expected to commence strike action, doubtless puzzled why they were sufficiently valued for people to open their doors and applaud on Thursday evenings for a few years. Maybe investors should start applauding bank shares at 8am on Monday mornings, maybe this is the trick we’ve all been missing as nothing else looks capable of making the retail bank sector provide real movement.

 

Our inclination is to allocate 266.5p as a trigger level against Natwest. Should the share price now exceed such a point, movement toward an initial 284p looks quite possible. Our longer term secondary, if such a level is bettered, now works out at 337p. For the longer term, closure above 284p is liable to be game changing, exceeding the pre-Covid high, along with a bunch of other glass ceiling highs at this level since 2019.

Conversely, if the market discovers an excuse to now trade NWG below 243p, reversal to an initial 228p now looks possible with secondary, if broken, down at a less likely (aside from the visuals) 198p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
4:20:16PM	BRENT	76.86	75.18	74.865	73.95	76.47	77.58	77.94	78.86	76.35
4:21:28PM	GOLD
4:43:34PM	GERMANY	14325	14265	14234	14183	14360	14387	14461	14545	14307
4:46:50PM	US500

9/12/2022 FTSE Closed at 7476 points. Change of 0.05%. Total value traded through LSE was: £ 4,940,691,101 a change of -3.99%

8/12/2022 FTSE Closed at 7472 points. Change of -0.23%. Total value traded through LSE was: £ 5,146,170,093 a change of -10.96%

7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%

6/12/2022 FTSE Closed at 7521 points. Change of -0.61%. Total value traded through LSE was: £ 5,764,980,013 a change of 13.53%

5/12/2022 FTSE Closed at 7567 points. Change of 0.15%. Total value traded through LSE was: £ 5,078,150,606 a change of 13.07%

2/12/2022 FTSE Closed at 7556 points. Change of -0.03%. Total value traded through LSE was: £ 4,491,031,065 a change of -9.42%

1/12/2022 FTSE Closed at 7558 points. Change of -0.2%. Total value traded through LSE was: £ 4,958,235,310 a change of -42.03%

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:AML Aston Martin** **LSE:ASC Asos** **LSE:AZN Astrazeneca** **LSE:BP. BP PLC** **LSE:HSBA HSBC** **LSE:IDS International Distribution** **LSE:IHG Intercontinental Hotels Group** **

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Updated charts published on : Aston Martin, Asos, Astrazeneca, BP PLC, HSBC, International Distribution, Intercontinental Hotels Group,

LSE:AML Aston Martin. Close Mid-Price: 160.45 Percentage Change: + 9.90% Day High: 161.65 Day Low: 139.6

In the event of Aston Martin enjoying further trades beyond 161.65, the s ……..

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LSE:ASC Asos. Close Mid-Price: 585 Percentage Change: + 1.47% Day High: 593.5 Day Low: 571.5

Continued weakness against ASC taking the price below 571.5 calculates as ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11354 Percentage Change: + 0.34% Day High: 11396 Day Low: 11266

Continued trades against AZN with a mid-price ABOVE 11396 should improve ……..

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LSE:BP. BP PLC Close Mid-Price: 461.95 Percentage Change: -0.43% Day High: 464.05 Day Low: 455

This is doing very little but now below 455 looks capable of an initial 44 ……..

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LSE:HSBA HSBC. Close Mid-Price: 496.2 Percentage Change: + 0.18% Day High: 498.35 Day Low: 493.6

Now above 511 should prove useful, giving the potential of an initial 525 ……..

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LSE:IDS International Distribution. Close Mid-Price: 212.6 Percentage Change: + 0.90% Day High: 213.2 Day Low: 209.2

Below 190 risks triggering reversal to 171 with secondary, if broken, at a ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4986 Percentage Change: + 4.05% Day High: 4993 Day Low: 4863

Target met. Further movement against Intercontinental Hotels Group ABOVE ……..

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

#FTSE #Futures

Bank of America commented, in passing, they expect the US S&P 500 to drop around 20% early next year. Meanwhile, the FT suspect oil prices will rise thanks to the cap on Russian prices. We often express considerable reservations, when these sort of clickbait predictions surface, quite literally expecting the opposite to be what really happens.

 

The price of Brent Crude is now at a level not seen since December 23rd last year. Almost amusingly, Brent hit our oft mooted $77 drop target exactly, then bounced to 79.23 dollars. Unfortunately, next time it slumped it broke the 77 dollar level, making us suspect the next chance for some sort of rebound may be around 74.75 dollars. At time of writing, Brent is trading at 76.4 dollars and our software demands it exceed 79.23 before we should take any recovery seriously.

 

With regard the S&P, it’s currently showing some reasonable chart potentials. As shown clearly, the index broke below its pandemic Red uptrend but eventually exceeded the level of trend break. It’s currently carefully, very carefully, remaining above Red and giving some hope for the future. The index needs exceed 4100 points to hopefully ignite the touchpaper for some useful moves as this should prove capable of triggering an initial 4323 with secondary, if bettered, at 4530. The secondary is a really big deal, putting the index at risk of longer term traffic to 5108 points eventually.

Should a sufficiently clever reason be discovered to drive some reversals, below 3880 calculates with the potential of reversal to 3808 with secondary, if broken, down at 3760 and hopefully a bounce. Neither target level dumps the index in a zone, where a 20% reversal works out as possible.

FTSE for FRIDAY It’s been an annoying week for the FTSE with three sessions using the opening minute of trade to enact most of the days work. Few market strategies prove more irritating than the FTSE being gapped, then spiked, down at the open of business. Generally, this sort of nonsense proved a recipe for a wasted day, both Tuesday and Thursday finding themselves ensnared in such confusion.

The situation now suggests weakness below 7465 risks reversal to an initial 7419 points with secondary, if broken, at 7364. Of visual interest, our secondary target level implies the potential of another bonk against the Red uptrend since Covid-19 hit in 2020. Logically, we shall expect a bounce, should the index opt to attempt this line. If triggered, the tightest stop loss level looks like 7508 points.

 

A converse scenario asks what should be anticipated, should the FTSE 100 drag itself above this weeks downtrend at 7520 points?

Above 7520 calculates with an initial potential of 7546 with secondary, if exceeded, working out at 7605 points.

 

Have a good weekend and take care if chewing Xmas lights.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:00:04PM	BRENT	76.61	75.87	74.76		79.3	80.55	80.925		77.31	‘cess
10:06:14PM	GOLD	1788.83	1781	1777		1788	1795	1803		1781	‘cess
10:08:26PM	FTSE	7474.24	7461	7442		7494	7511	7529		7471	‘cess
10:10:03PM	STOX50	3928.4	3913	3897		3933	3935	3943		3915	‘cess
10:11:34PM	GERMANY	14288	14190	14148		14258	14305	14337		14250
10:13:11PM	US500	3963.37	3926	3913		3947	3973	3982		3944
10:15:11PM	DOW	33772	33545	33482		33703	33893	33949		33656	‘cess
10:17:16PM	NASDAQ	11631	11462	11376		11585	11674	11715		11567	‘cess
10:19:12PM	JAPAN	27744	27401	27261		27611	27762	27873		27653

 

 

8/12/2022 FTSE Closed at 7472 points. Change of -0.23%. Total value traded through LSE was: £ 5,146,170,093 a change of -10.96%

7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%

6/12/2022 FTSE Closed at 7521 points. Change of -0.61%. Total value traded through LSE was: £ 5,764,980,013 a change of 13.53%

5/12/2022 FTSE Closed at 7567 points. Change of 0.15%. Total value traded through LSE was: £ 5,078,150,606 a change of 13.07%

2/12/2022 FTSE Closed at 7556 points. Change of -0.03%. Total value traded through LSE was: £ 4,491,031,065 a change of -9.42%

1/12/2022 FTSE Closed at 7558 points. Change of -0.2%. Total value traded through LSE was: £ 4,958,235,310 a change of -42.03%

30/11/2022 FTSE Closed at 7573 points. Change of 0.81%. Total value traded through LSE was: £ 8,552,950,993 a change of 45.26%

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:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BBY BALFOUR BEATTY** **LSE:BT.A British Telecom** **LSE:CPI Capita** **LSE:EZJ EasyJet** **LSE:VOD Vodafone** **

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Updated charts published on : Asos, Avacta, Astrazeneca, BALFOUR BEATTY, British Telecom, Capita, EasyJet, Vodafone,

LSE:ASC Asos Close Mid-Price: 576.5 Percentage Change: -5.10% Day High: 610.5 Day Low: 575

If Asos experiences continued weakness below 575, it will invariably lead ……..

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LSE:AVCT Avacta. Close Mid-Price: 107 Percentage Change: + 2.39% Day High: 107.5 Day Low: 101

If Avacta experiences continued weakness below 101, it will invariably lea ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11316 Percentage Change: + 0.52% Day High: 11366 Day Low: 11206

Above just 11366 should now prove significant, triggering a visit to an in ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 337 Percentage Change: + 1.63% Day High: 347.6 Day Low: 337

All BALFOUR BEATTY needs are mid-price trades ABOVE 348 to improve acceler ……..

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LSE:BT.A British Telecom Close Mid-Price: 112.55 Percentage Change: -3.72% Day High: 116.05 Day Low: 112.3

In the event British Telecom experiences weakness below 112, it calculates ……..

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LSE:CPI Capita Close Mid-Price: 22.64 Percentage Change: -1.99% Day High: 23.2 Day Low: 22.5

Continued weakness against CPI taking the price below 22 calculates as lea ……..

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LSE:EZJ EasyJet Close Mid-Price: 375.9 Percentage Change: -0.90% Day High: 379.8 Day Low: 365

If EasyJet experiences continued weakness below 365, it will invariably le ……..

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LSE:VOD Vodafone Close Mid-Price: 85.93 Percentage Change: -1.97% Day High: 87.55 Day Low: 84.96

Continued weakness against VOD taking the price below 84 calculates as lea ……..

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

#Gold #WallSt

We reviewed Genedrive exactly a year ago (link here) and it’s fascinating to see how our share price scenario unfolded. The saying; “sometimes life comes at you fast” rarely proved as apt as with their share price, the day following our logic giving 81p as a target witnessing the price exactly hit the 81p level, yet failed to exceed it. Instead, it closed the session at 70p.

Unfortunately, what happened next was to prove important.

On December 21st, their share price then, somehow, discovered a reason to close below 41p with what happened next being a tragedy. Make no mistake, from a Big Picture perspective, our calculations remain showing a ridiculous attraction from an impossible 14p. Perhaps anything below 8p shall discover a bounce point at 6p but we’re not exactly oozing confidence.

From a near term perspective, there’s a suggestion of movement above 10.6p as apparently capable of triggering slight recovery to 12p. Such a gain, obviously useless to the plethora of folk trapped since last year. But glancing at the chart, such a movement would return the share price above the Red uptrend which dates from the start of 2020. A crucial side effect of such a phenomena is normally a return of confidence from the market, creating a situation where immediate gains can outperform logic.

In the scenario of the share price closing a session at or above 12p, we anticipate future recovery to an initial 17.7 with secondary, if bettered, at 22p. Hopefully this proves worth watching as the company appear to be providing an attractive range of medical aids.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:38:35PM	BRENT	77.65									Success
9:40:41PM	GOLD	1787.33	1768	1759	1749	1776	1791	1793	1797	1781	‘cess
9:44:19PM	FTSE	7496.44
9:46:20PM	STOX50	3931
9:48:00PM	GERMANY	14282
9:50:47PM	US500	3931.92
9:54:36PM	DOW	33589	33418	33315	33111	33694	33777	33814	33946	33492
9:57:10PM	NASDAQ	11487.1									‘cess
9:59:42PM	JAPAN	27574									‘cess

 

7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%

6/12/2022 FTSE Closed at 7521 points. Change of -0.61%. Total value traded through LSE was: £ 5,764,980,013 a change of 13.53%

5/12/2022 FTSE Closed at 7567 points. Change of 0.15%. Total value traded through LSE was: £ 5,078,150,606 a change of 13.07%

2/12/2022 FTSE Closed at 7556 points. Change of -0.03%. Total value traded through LSE was: £ 4,491,031,065 a change of -9.42%

1/12/2022 FTSE Closed at 7558 points. Change of -0.2%. Total value traded through LSE was: £ 4,958,235,310 a change of -42.03%

30/11/2022 FTSE Closed at 7573 points. Change of 0.81%. Total value traded through LSE was: £ 8,552,950,993 a change of 45.26%

29/11/2022 FTSE Closed at 7512 points. Change of 0.51%. Total value traded through LSE was: £ 5,887,947,739 a change of 42.84%

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:EMG MAN** **LSE:HIK Hikma** **LSE:IGAS Igas Energy** **LSE:SCLP Scancell** **LSE:VOD Vodafone** **

********

Updated charts published on : MAN, Hikma, Igas Energy, Scancell, Vodafone,

LSE:EMG MAN Close Mid-Price: 209.6 Percentage Change: -0.85% Day High: 212.8 Day Low: 208

This is on the edge of dodgy as now below 200 indicates the potential of r ……..

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LSE:HIK Hikma. Close Mid-Price: 1539 Percentage Change: + 1.38% Day High: 1560 Day Low: 1513

In the event of Hikma enjoying further trades beyond 1560, the share shou ……..

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LSE:IGAS Igas Energy Close Mid-Price: 16.45 Percentage Change: -1.50% Day High: 17 Day Low: 16

If Igas Energy experiences continued weakness below 16, it will invariabl ……..

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LSE:SCLP Scancell Close Mid-Price: 26.75 Percentage Change: -0.93% Day High: 29.5 Day Low: 26.75

Target met. Further movement against Scancell ABOVE 29.5 should improve a ……..

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LSE:VOD Vodafone Close Mid-Price: 87.66 Percentage Change: -1.80% Day High: 92.33 Day Low: 86.36

Target met. Continued weakness against VOD taking the price below 86.36 c ……..

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