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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** **

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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.

Posted on

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.

Posted on

Taylor Wimpey (LSE:TW.) build on success?

#gold #Nasdaq A chum who usually finds excuses to visit us here in Argyll anywhere from once a week to once a month, hasn’t been seen this year. On the phone the other day, he assured he hadn’t lost interest in golf, fishing, shooting, or hunting trees with the big chainsaws. It’s just that his business decided to “go crazy” from May onwards and the one thing he learned from the pandemic years was important. Making money – and keeping it –  matters a lot! His company specialise in pre-demolition surveys and over the years, we’ve noticed when he’s busy, the stock market usually does quite well. From a stock market perspective, this year has been an exception but there are certainly signs the construction industry is finally picking itself up, along with some fairly strong potentials showing in other previously stagnant sectors.

Obviously the hope 2024 shall bring some return to sanity with Interest Rates is a valid reason for some positive behaviour in the sector, especially due to serious doubt now being expressed by economists as to whether Interest Rates actually are a genuine tool to fight inflation. It’s certainly been an expensive experiment, if factoring in the damage inflicted on homeowners and many small business, as this lesson was taught quite firmly in the 1980’s.

Anyway, the good news from our chat on the phone is my chum and his wife are coming across for a week over New Year and also, he asked for an update on the outlook for Taylor Wimpey!

 

The last two months has been very positive for the builder, their share price finally breaking upward and currently fondling the downtrend since 2007. We suspect the price shall probably break upward as movement now above 146p should be capable of triggering movement to an initial 152p and some probable hesitation, if only due to selling pressure from folk who cannot believe their luck. The climb from 102p on October 23rd has been virtually relentless and despite the most recent three sessions pointing at interference due to the Blue downtrend, we’re not convinced it shall last. Above 153p now calculates with the potential of a pretty confident visit to 175p and a share price level where the visuals almost promise hesitation, due to the number of folk trapped since the highs of 2021 exerting selling pressure.

Should the upward break occur as expected, the price needs close a session below 142p to spoil all our positive calculations, forcing us back to the Ouija board.

There is a risk closing a session below Blue shall dump the share back in a zone where an eventual 107p calculates as possible but visually, we have doubts.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:15:28PM BRENT 7826.3 ‘cess
9:17:40PM GOLD 2026.2 2012 2001 1985 2028 2038 2043 2052 2025
9:19:34PM FTSE 7612.4
9:21:46PM STOX50 4522.6 ‘cess
9:24:19PM GERMANY 16670 Success
9:32:18PM US500 4738 4718 4708 4694 4736 4751 4757 4764 4721 ‘cess
9:34:35PM DOW 37283
9:36:43PM NASDAQ 16714.8 ‘cess
9:40:12PM JAPAN 32770

 

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%
8/12/2023 FTSE Closed at 7554 points. Change of 0.55%. Total value traded through LSE was: £ 4,750,603,507 a change of -16.53%

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:ASC Asos** **LSE:CPI Capita** **LSE:ITRK Intertek** **LSE:RKH Rockhopper** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Asos, Capita, Intertek, Rockhopper, Scottish Mortgage Investment Trust, Taylor Wimpey,

LSE:ASC Asos. Close Mid-Price: 415 Percentage Change: + 2.60% Day High: 420 Day Low: 397.9

Continued trades against ASC with a mid-price ABOVE 420 should improve th ……..

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LSE:CPI Capita. Close Mid-Price: 21.74 Percentage Change: + 1.40% Day High: 22.58 Day Low: 21.18

Target met. Further movement against Capita ABOVE 22.58 should improve ac ……..

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LSE:ITRK Intertek Close Mid-Price: 4068 Percentage Change: -0.51% Day High: 4090 Day Low: 4054

Below 3820 risks promoting reversal down to an initial 3540 with secondary ……..

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LSE:RKH Rockhopper Close Mid-Price: 10.3 Percentage Change: -2.60% Day High: 10.85 Day Low: 10.15

Weakness on Rockhopper below 10.15 will invariably lead to 9.5p with seco ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 784.8 Percentage Change: + 0.00% Day High: 800.4 Day Low: 782.6

Target met. Further movement against Scottish Mortgage Investment Trust A ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 143.45 Percentage Change: -0.10% Day High: 145.5 Day Low: 141.85

Further movement against Taylor Wimpey ABOVE 145.5 should improve acceler ……..

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

Posted on

Barclays Plc (LSE:BARC) about to experience an early spring?

#DAX #Brent Barclays share price movements continue to prove incredibly frustrating. The price has recently performed in accordance with our expectations, effectively achieving our 152p target on Friday 15 December, effectively retreating in utter panic as if aware of ‘the danger’ if it actually exceeded our target level. After all, surely the world will end if a banking share starts to perform logically.

On the subject of logic, we can hope weakness continuing below 146 shall discover an excuse to rebound from 144.2p but, if we’re blunt, there are plenty of reasons to anticipate Barclays delivering some Xmas cheer to the marketplace. It’s a pity the price didn’t better our 152p target as the implication is of hidden weakness. Any reversal below 144.2 theoretically allows for a visit to 136p, a target level we’re not confident about due to the amount of work employed in forcing the price above Red on the chart. The chart inset shows the effort made during November and December to respect Red makes us suspect it unlikely there are any plans to plunge the share, anytime soon.

 

If our optimism is to be reflected by reality, above 152p should now trigger share price recovery to an initial 157p with secondary, if bettered, at 168p. The visuals currently indicate a risk of hesitation at the 157p, given the level of prior highs but should 168p be exceeded, a further 181p shall be viewed as exerting an influence for the longer term. Unfortunately, such an event would return the share price to the level at which it started 2023, broadcasting the painful fact the entire year has been an utter waste of time.

 

There was a fairly interesting article in the FT, seeking to answer questions as to why so many companies are fleeing the FTSE 100 for the safer climate of New York. The exodus is excepted to continue to 2024 and the reason isn’t difficult to spot. The S&P 500 for instance started this year at 3,800 points and is currently 4,700, a gain of 23%. Wall St started the year at 33,300 and is currently 37,300, gaining 12%. And the FTSE 100 started at 7,450 and is currently at 7,570, a gain of just 1.6%.

We shall doubtless take a closer interest in these numbers with an analysis including Europe too.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
10:02:28PM BRENT 7698 7535 7483 6802 7726 7726 7899 7993 7542
10:05:24PM GOLD 2019.41 2027
10:08:14PM FTSE 7549.9 7567
10:10:56PM STOX50 4535.8 4544
10:14:05PM GERMANY 16720 16712 16698 16634 16760 16785 16796 16825 16712
10:16:24PM US500 4715.1 4704
10:18:42PM DOW 37276.5 37226
10:20:44PM NASDAQ 16599.6 16546
10:23:39PM JAPAN 32697 32781

 

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%
8/12/2023 FTSE Closed at 7554 points. Change of 0.55%. Total value traded through LSE was: £ 4,750,603,507 a change of -16.53%
7/12/2023 FTSE Closed at 7513 points. Change of -0.03%. Total value traded through LSE was: £ 5,691,416,870 a change of -34.9%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:ASC Asos** **LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CCL Carnival** **LSE:CPI Capita** **LSE:IHG Intercontinental Hotels Group** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPT Spirent Comms** **LSE:SPX Spirax** **LSE:TRN The Trainline** **

********

Updated charts published on : AFC Energy, Asos, Avacta, Barclays, Barrett Devs, Carnival, Capita, Intercontinental Hotels Group, Ocado Plc, Oxford Instruments, Scottish Mortgage Investment Trust, Spirent Comms, Spirax, The Trainline,

LSE:AFC AFC Energy. Close Mid-Price: 22 Percentage Change: + 4.51% Day High: 24 Day Low: 21.65

All AFC Energy needs are mid-price trades ABOVE 24 to improve acceleratio ……..

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LSE:ASC Asos. Close Mid-Price: 404.5 Percentage Change: + 0.85% Day High: 418 Day Low: 404.7

All Asos needs are mid-price trades ABOVE 418 to improve acceleration tow ……..

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LSE:AVCT Avacta Close Mid-Price: 110 Percentage Change: -6.94% Day High: 119 Day Low: 109.5

In the event Avacta experiences weakness below 109.5 it calculates with a ……..

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LSE:BARC Barclays Close Mid-Price: 146.64 Percentage Change: -2.24% Day High: 151.76 Day Low: 145.98

Target met. In the event of Barclays enjoying further trades beyond 151.7 ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 566 Percentage Change: + 0.75% Day High: 569.6 Day Low: 561

In the event of Barrett Devs enjoying further trades beyond 569.6, the sh ……..

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LSE:CCL Carnival Close Mid-Price: 1329.5 Percentage Change: -0.89% Day High: 1346.5 Day Low: 1321

All Carnival needs are mid-price trades ABOVE 1346.5 to improve accelerat ……..

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LSE:CPI Capita. Close Mid-Price: 21.44 Percentage Change: + 2.10% Day High: 21.66 Day Low: 20.7

In the event of Capita enjoying further trades beyond 21.66, the share sh ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 7074 Percentage Change: -0.03% Day High: 7124 Day Low: 7004

In the event of Intercontinental Hotels Group enjoying further trades bey ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 723 Percentage Change: + 0.61% Day High: 739.2 Day Low: 711.6

Continued trades against OCDO with a mid-price ABOVE 739.2 should improve ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2315 Percentage Change: + 1.31% Day High: 2315 Day Low: 2280

Target met. Continued trades against OXIG with a mid-price ABOVE 2315 sho ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 784.8 Percentage Change: + 1.13% Day High: 790.8 Day Low: 779.4

Target met. Continued trades against SMT with a mid-price ABOVE 790.8 sho ……..

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LSE:SPT Spirent Comms Close Mid-Price: 117.5 Percentage Change: -1.34% Day High: 123.8 Day Low: 116.4

Target met. Further movement against Spirent Comms ABOVE 123.8 should imp ……..

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LSE:SPX Spirax. Close Mid-Price: 10300 Percentage Change: + 2.64% Day High: 10305 Day Low: 10050

All Spirax needs are mid-price trades ABOVE 10305 to improve acceleration ……..

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LSE:TRN The Trainline. Close Mid-Price: 316.4 Percentage Change: + 11.33% Day High: 347.4 Day Low: 315

Target met. In the event of The Trainline enjoying further trades beyond ……..

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

Posted on

FTSE for Friday (FTSE:UKX) in Xmas lights

#FTSE #Gold  In common, probably, with most households, my wife feels the need to supervise when “we” emplace Christmas lights at the front of our home. The back garden, however, is mine and I’m restricted to a long string of Led lights. This year, opting for something new, a bunch of nails were hammered into the big beech tree at the top of the garden, a thing about 60 feet tall with a trunk around 2 metres. The cunning plan was to create the outline of a traditional fir tree but when doing this job in daylight, it can be fairly difficult to be sure what the illuminated result shall be like.

We were sitting at dinner, when the timer clicked on. “What is that supposed to be?”, she asked. “Either a Christmas Tadpole (our grandchildren grow them to frogs every year) or perhaps a creative Christmas Sperm…” I replied. Apparently I’ve agreed to go up with step ladders and change the route of the lights. However, the results are shown below from a dodgy mobile phone snapshot.

 

 

Similar to my Christmas lights, the FTSE opted to spend Thursday exploring an entirely new route in life, barging through the 2023 downtrend as if it didn’t know it was there. The index even contrived to spend a couple of hours above the prior high from October, giving some hope the rise would prove genuine and stay around for a while. Alas, this wasn’t to be but by closing the day at 7644 points, it successfully exceeded the trend break point of 7620 and gives a degree of hope for the future. Our attitude with this sort of thing is pretty basic, unless a market price actually closes a session above a prior number, what we’re looking at isn’t an official “higher high” and thus, we’re forced to curb our enthusiasm.

Something is certainly bothering us about the retreat from the day highs as the FTSE reversed quite a bit further than our intraday calculations allowed. In theory, the market should have bounced from around 7625 points but instead, the FTSE chose to plummet to 7606 points. This carries a threat of implicit weakness, creating a scenario where below 7606 risks triggering reversal to an initial 7570 with secondary, if broken, at 7520 and hopefully a bottom.

If triggered, the tightest stop looks like 7650 points.

 

As always, there’s a strong chance we’re fooling ourselves by falling into the mindset of always expecting the worst from the FTSE 100.  This being the case, the index should only need exceed 7688 points to hopefully trigger a near term gain to an initial modest 7714 points. If bettered, our secondary calculates at 7762 points but importantly, in this instance there’s a very strong chance of a visit to a third level of 7801 points, a point where we anticipate some hesitation.

Have a good weekend.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:12:57PM BRENT 7676 7547 7465 7707 7744 7765 7641 Success
9:22:12PM GOLD 2035.71 2028 2021 2039 2048 2058 2028 Success
9:25:01PM FTSE 7633.1 7608 7573 7657 7669 7687 7642 Success
9:36:48PM STOX50 4533.7 4514 4488 4552 4556 4568 4536 Success
9:39:48PM GERMANY 16714.5 16659 16604 16760 16814 16856 16740
9:43:45PM US500 7633.3 4683 4668 4712 4737 4752 4714
9:48:22PM DOW 37232 37046 36993 37226 37328 37882 37113 ‘cess
9:51:02PM NASDAQ 16526 16457 16415 16553 16670 16744 16574
9:53:23PM JAPAN 32665 32513 32504 32698 32884 32969 32711 ‘cess

 

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%
8/12/2023 FTSE Closed at 7554 points. Change of 0.55%. Total value traded through LSE was: £ 4,750,603,507 a change of -16.53%
7/12/2023 FTSE Closed at 7513 points. Change of -0.03%. Total value traded through LSE was: £ 5,691,416,870 a change of -34.9%
6/12/2023 FTSE Closed at 7515 points. Change of 0.35%. Total value traded through LSE was: £ 8,742,933,283 a change of 113.36%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CCL Carnival** **LSE:ECO ECO (Atlantic) O & G** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:IDS International Distribution** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:SBRY Sainsbury** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPT Spirent Comms** **LSE:SRP Serco** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : AFC Energy, Asos, Aviva, Avacta, Barclays, Barrett Devs, Carnival, ECO (Atlantic) O & G, Experian, EasyJet, Fresnillo, Genel, International Distribution, IG Group, Intercontinental Hotels Group, Just Eat, Marks and Spencer, National Glib, Ocado Plc, Oxford Instruments, Sainsbury, Scottish Mortgage Investment Trust, Spirent Comms, Serco, Tesco, Taylor Wimpey,

LSE:AFC AFC Energy. Close Mid-Price: 21.05 Percentage Change: + 3.95% Day High: 22 Day Low: 20.25

In the event of AFC Energy enjoying further trades beyond 22, the share s ……..

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LSE:ASC Asos. Close Mid-Price: 401.1 Percentage Change: + 2.40% Day High: 414 Day Low: 396.5

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LSE:AV. Aviva. Close Mid-Price: 431.1 Percentage Change: + 0.02% Day High: 440.5 Day Low: 428.6

In the event of Aviva enjoying further trades beyond 440.5, the share sho ……..

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LSE:AVCT Avacta Close Mid-Price: 118.2 Percentage Change: -0.67% Day High: 121 Day Low: 111

Target met. Continued weakness against AVCT taking the price below 111 ca ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 10468 Percentage Change: + 0.75% Day High: 10690 Day Low: 10376

Continued trades against AZN with a mid-price ABOVE 10690 should improve ……..

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LSE:BARC Barclays. Close Mid-Price: 150 Percentage Change: + 6.32% Day High: 150.6 Day Low: 143.58

Further movement against Barclays ABOVE 150.6 should improve acceleration ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 561.8 Percentage Change: + 3.58% Day High: 565 Day Low: 550.8

Target met. Continued trades against BDEV with a mid-price ABOVE 565 shou ……..

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LSE:CCL Carnival. Close Mid-Price: 1341.5 Percentage Change: + 5.05% Day High: 1342 Day Low: 1300

Target met. In the event of Carnival enjoying further trades beyond 1342, ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 9.35 Percentage Change: + 3.89% Day High: 9.35 Day Low: 9.05

If ECO (Atlantic) O & G experiences continued weakness below 9.05, it wil ……..

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LSE:EXPN Experian. Close Mid-Price: 3229 Percentage Change: + 2.87% Day High: 3241 Day Low: 3178

Continued trades against EXPN with a mid-price ABOVE 3241 should improve ……..

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LSE:EZJ EasyJet. Close Mid-Price: 502.6 Percentage Change: + 2.43% Day High: 507.4 Day Low: 497.3

Further movement against EasyJet ABOVE 507.4 should improve acceleration ……..

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LSE:FRES Fresnillo. Close Mid-Price: 591 Percentage Change: + 3.94% Day High: 611 Day Low: 588

Target met. In the event of Fresnillo enjoying further trades beyond 611, ……..

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LSE:GENL Genel. Close Mid-Price: 68.4 Percentage Change: + 5.39% Day High: 70.4 Day Low: 64.9

If Genel experiences continued weakness below 64.9, it will invariably le ……..

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LSE:IDS International Distribution. Close Mid-Price: 277.6 Percentage Change: + 3.27% Day High: 284.6 Day Low: 272.8

Target met. Continued trades against IDS with a mid-price ABOVE 284.6 sho ……..

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LSE:IGG IG Group Close Mid-Price: 747.5 Percentage Change: -0.13% Day High: 766.5 Day Low: 749

Continued trades against IGG with a mid-price ABOVE 766.5 should improve ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 7076 Percentage Change: + 2.58% Day High: 7082 Day Low: 6970

All Intercontinental Hotels Group needs are mid-price trades ABOVE 7082 t ……..

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LSE:JET Just Eat. Close Mid-Price: 1339 Percentage Change: + 6.02% Day High: 1363 Day Low: 1308

Target met. All Just Eat needs are mid-price trades ABOVE 1363 to improve ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 265.3 Percentage Change: + 0.26% Day High: 268.3 Day Low: 264.1

All Marks and Spencer needs are mid-price trades ABOVE 268.3 to improve a ……..

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LSE:NG. National Glib. Close Mid-Price: 1079.5 Percentage Change: + 0.56% Day High: 1100 Day Low: 1079.5

Target met. Continued trades against NG. with a mid-price ABOVE 1100 shou ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 718.6 Percentage Change: + 11.62% Day High: 720 Day Low: 661.2

Target met. In the event of Ocado Plc enjoying further trades beyond 720, ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2285 Percentage Change: + 4.34% Day High: 2295 Day Low: 2220

Further movement against Oxford Instruments ABOVE 2295 should improve acc ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 300.3 Percentage Change: + 1.11% Day High: 304.7 Day Low: 299.4

Continued trades against SBRY with a mid-price ABOVE 304.7 should improve ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 776 Percentage Change: + 3.60% Day High: 779.4 Day Low: 765.4

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

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LSE:SPT Spirent Comms. Close Mid-Price: 119.1 Percentage Change: + 3.21% Day High: 120.3 Day Low: 116.9

Continued trades against SPT with a mid-price ABOVE 120.3 should improve ……..

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LSE:SRP Serco. Close Mid-Price: 162 Percentage Change: + 4.31% Day High: 164.2 Day Low: 157.8

In the event of Serco enjoying further trades beyond 164.2, the share sho ……..

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LSE:TSCO Tesco Close Mid-Price: 288.1 Percentage Change: -0.31% Day High: 293.5 Day Low: 287

Continued trades against TSCO with a mid-price ABOVE 293.5 should improve ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 142.4 Percentage Change: + 3.60% Day High: 144.65 Day Low: 140.2

Target met. Continued trades against TW. with a mid-price ABOVE 144.65 sh ……..

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

Posted on

JD Sports Fashion Plc Bank (LSE:JD.) and being branded.

#Gold #Brent To pad out any article, or perhaps to make it readable as, let’s face, numbers are boring, we glanced at the JD Sports Fashion website to discover if anything interesting jumped out. Once again, there was a resounding “nope”, due to the sheer volume of their products sporting the name of the maker. It’s definitely not a case of disliking folk noticing what I’m wearing as I’ve a vulgar selection of Hawaiian shirts which are worn at any opportunity. Perhaps it’s some kind of inverse snobbish behaviour as after all, my favourite dog walking jacket is made by Armani but nothing on the exterior advertises this. It’s better made than the perceived market leader, Barbour, with a stronger zip, reasonable pockets and most importantly, a decent lining.

But to get the correct spelling of the name, I’d to take the jacket off a coat hook and look at the label. Then came the realisation everyone probably knows it was Giorgio. Perhaps this would be an advantage when writing about Nike as all that’s required would be to look down, if you’re the sort of person inclined toward advertising another companies products.

However, it seems the market suspects this shall be a good Christmas for the sportswear retailer as their share price is doing useful things. When we previously reviewed them back in September, we’d given an initial target price of 161p,. an ambition achieved at the start of this month with the share price blowing effortlessly onward. There was one thing which gave considerable hope for the longer term as the market opted to – very slightly – gap the share price upward , making a visit to our 161p virtually mandatory. With the period since providing small but steady gains, we’re quite curious as to what the future now holds.

 

Presently trading around 171p, it needs exceed 175.1p to give the suggestion it’s now heading toward 192p next with our secondary, if exceeded, now calculating at 236p, a price ambition almost certain to provoke hesitation. Unusually, we can report the risk of a half way hesitation level of just 211p, this number also being reported as a potential secondary, if we only factor in the share prices malevolent behaviour during 2023. But, to cancel the potential of a future 236p, the share would currently need close a session below 157p, the point of trend break at the beginning of December.

Any calamity such as this would also carry the risk of a reversal cycle to 119p commencing.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:59:08PM BRENT 7467.7 7237 7220 7072 7440 7471 7519 7613 7388
10:05:14PM GOLD 2027.04 1973 1956 1932 1988 2028 2036 2045 2002 Success
10:09:21PM FTSE 7592.8 Shambles
10:13:24PM STOX50 4564.1 ‘cess
10:15:53PM GERMANY 16879
10:19:04PM US500 4704.1
10:23:14PM DOW 37099 ‘cess
10:32:27PM NASDAQ 16540.7 Success
10:34:40PM JAPAN 32919 Shambles

 

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%
8/12/2023 FTSE Closed at 7554 points. Change of 0.55%. Total value traded through LSE was: £ 4,750,603,507 a change of -16.53%
7/12/2023 FTSE Closed at 7513 points. Change of -0.03%. Total value traded through LSE was: £ 5,691,416,870 a change of -34.9%
6/12/2023 FTSE Closed at 7515 points. Change of 0.35%. Total value traded through LSE was: £ 8,742,933,283 a change of 113.36%
5/12/2023 FTSE Closed at 7489 points. Change of -0.31%. Total value traded through LSE was: £ 4,097,792,180 a change of -8.47%

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:BLOE Block Energy PLC** **LSE:BP. BP PLC** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:GENL Genel** **LSE:IGG IG Group** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:VOD Vodafone** **

********

Updated charts published on : Avacta, Block Energy PLC, BP PLC, Experian, EasyJet, Genel, IG Group, OPG Power Ventures, Oxford Instruments, Rockhopper, Rolls Royce, Sainsbury, Scancell, Scottish Mortgage Investment Trust, Vodafone,

LSE:AVCT Avacta Close Mid-Price: 119 Percentage Change: -11.85% Day High: 139 Day Low: 118

If Avacta experiences continued weakness below 118, it will invariably le ……..

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LSE:BLOE Block Energy PLC. Close Mid-Price: 0.75 Percentage Change: + 3.45% Day High: 0.75 Day Low: 0.68

Target met. Weakness on Block Energy PLC below 0.68 will invariably lead ……..

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LSE:BP. BP PLC Close Mid-Price: 459.85 Percentage Change: -0.24% Day High: 461.25 Day Low: 456.65

Continued weakness against BP. taking the price below 456.65 calculates a ……..

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LSE:EXPN Experian. Close Mid-Price: 3139 Percentage Change: + 0.03% Day High: 3166 Day Low: 3131

Further movement against Experian ABOVE 3166 should improve acceleration ……..

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LSE:EZJ EasyJet. Close Mid-Price: 490.7 Percentage Change: + 0.04% Day High: 494.3 Day Low: 487.1

All EasyJet needs are mid-price trades ABOVE 494.3 to improve acceleratio ……..

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LSE:GENL Genel Close Mid-Price: 64.9 Percentage Change: -8.20% Day High: 71 Day Low: 65.1

In the event Genel experiences weakness below 65.1 it calculates with a d ……..

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LSE:IGG IG Group. Close Mid-Price: 748.5 Percentage Change: + 0.60% Day High: 753.5 Day Low: 744

All IG Group needs are mid-price trades ABOVE 753.5 to improve accelerati ……..

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LSE:OPG OPG Power Ventures. Close Mid-Price: 13.2 Percentage Change: + 1.54% Day High: 14.25 Day Low: 13

In the event of OPG Power Ventures enjoying further trades beyond 14.25, ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2190 Percentage Change: + 0.23% Day High: 2280 Day Low: 2175

All Oxford Instruments needs are mid-price trades ABOVE 2280 to improve a ……..

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LSE:RKH Rockhopper. Close Mid-Price: 10.88 Percentage Change: + 0.46% Day High: 10.55 Day Low: 10.2

If Rockhopper experiences continued weakness below 10.2, it will invariab ……..

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LSE:RR. Rolls Royce Close Mid-Price: 301.8 Percentage Change: -0.95% Day High: 313.1 Day Low: 298

In the event of Rolls Royce enjoying further trades beyond 313.1, the sha ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 297 Percentage Change: + 0.07% Day High: 301.2 Day Low: 297.4

In the event of Sainsbury enjoying further trades beyond 301.2, the share ……..

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LSE:SCLP Scancell Close Mid-Price: 10.75 Percentage Change: -3.37% Day High: 11.12 Day Low: 10.62

In the event Scancell experiences weakness below 10.62 it calculates with ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 749 Percentage Change: -0.77% Day High: 763.8 Day Low: 749.8

In the event of Scottish Mortgage Investment Trust enjoying further trade ……..

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LSE:VOD Vodafone Close Mid-Price: 65.14 Percentage Change: -2.94% Day High: 66.55 Day Low: 64.97

Target met. Weakness on Vodafone below 64.97 will invariably lead to 60p ……..

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Deutsche Bank (TG:DBK) one year later

#FTSE #NK225  To continue our reminiscence over what we said exactly a year ago (December) along with what happened next, Deutsche Bank has behaved just like a British financial institution by producing very little meaningful movement. It exactly hit our secondary target at the end of January this year, then has flopped around like a half dead fish on the dock. The malaise infecting the UK market is certainly wider spread!

Given DBK share price took around 45 days to reach our target levels quite literally exactly, before falling around in the confusion which has been 2023, perhaps it shall prove the case the German bank shall perform a similar party trick in 2024. It’s certainly the case the share price is already twitching like a child, desperate to get the unwrapping of Xmas presents started. Nowadays, as we pretend to enjoy the role of being grandparents, the girls are blissfully unaware every slow sip of morning coffee on Xmas day has been meticulously planned to increase frustration, along with final hesitation while asking who wants to come out for a dog walk before we do the presents… With age comes great mischievousness!

As an aside, this year we’re planning on giving the girls a treasure hunt, each present containing a clue as to where the next one is. Such a simple prospect is obviously complicated by the Scottish weather as we’re planning on both indoors or outdoors searches.

 

But as mentioned, DBK has a share price which currently appears to be showing modest prospects. Movement now above just 12€ calculates with an almost certain lift to a potential 13.2€ with our longer term secondary working out at a longer term 15.5€. This secondary shall prove pretty critical from a Big Picture perspective, affording the share the chance of closing at a higher level than any achieved in the last five years. This should prove to be quite a big deal, moving the price into a zone where it becomes possible to dream a future 30€ is exerting an attraction for the share price.

However, for now, it’s probably best to confine oneself to simply dreaming of a white Christmas and  hoping nothing happens to propel DBK below Red on the chart, currently at 9 €. From a numbers perspective, this would be a bad thing

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:49:29PM BRENT 73.53 72.9 72.03 70.54 75.3 76.67 78.12 79.86 74.86 Success
10:52:52PM GOLD 1980.03 1974 1966 1956 1983 1996 2007 2018 1982 ‘cess
10:56:35PM FTSE 7558.9 7548 7525 7497 7578 7599 7609 7632 7560 ‘cess
10:58:48PM STOX50 4549.4 4526 4515 4500 4546 4560 4563 4574 4539
11:03:12PM GERMANY 16801 16731 16699 16646 16819 16840 16870 16910 16794 ‘cess
11:05:46PM US500 4649.5 4606 4597 4579 4636 4651 4720 4926 4605 Success
11:10:45PM DOW 36623 36368 36325 36221 36502 36638 37135 37825 36422 Success
11:13:21PM NASDAQ 16389 16176 16144 16061 16294 16393 16421 16526 16224 Success
11:23:56PM JAPAN 33014 32728 32582 32371 32910 33142 33348 33742 32944 Shambles

 

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%
8/12/2023 FTSE Closed at 7554 points. Change of 0.55%. Total value traded through LSE was: £ 4,750,603,507 a change of -16.53%
7/12/2023 FTSE Closed at 7513 points. Change of -0.03%. Total value traded through LSE was: £ 5,691,416,870 a change of -34.9%
6/12/2023 FTSE Closed at 7515 points. Change of 0.35%. Total value traded through LSE was: £ 8,742,933,283 a change of 113.36%
5/12/2023 FTSE Closed at 7489 points. Change of -0.31%. Total value traded through LSE was: £ 4,097,792,180 a change of -8.47%
4/12/2023 FTSE Closed at 7512 points. Change of -0.23%. Total value traded through LSE was: £ 4,476,825,041 a change of -0.54%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:AV. Aviva** **LSE:BDEV Barrett Devs** **LSE:ECO ECO (Atlantic) O & G** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

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Updated charts published on : AFC Energy, Aviva, Barrett Devs, ECO (Atlantic) O & G, Experian, EasyJet, Foxtons, IG Group, Intercontinental Hotels Group, Marks and Spencer, National Glib, Ocado Plc, Rolls Royce, Scottish Mortgage Investment Trust, Tesco, Taylor Wimpey, Vodafone,

LSE:AFC AFC Energy. Close Mid-Price: 19 Percentage Change: + 3.83% Day High: 21.75 Day Low: 18.02

Continued trades against AFC with a mid-price ABOVE 21.75 should improve ……..

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LSE:AV. Aviva. Close Mid-Price: 431.2 Percentage Change: + 0.49% Day High: 432 Day Low: 427

Further movement against Aviva ABOVE 432 should improve acceleration towa ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 541.6 Percentage Change: -0.04% Day High: 549.6 Day Low: 541.2

Target met. All Barrett Devs needs are mid-price trades ABOVE 549.6 to im ……..

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LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 9.1 Percentage Change: -2.15% Day High: 9.3 Day Low: 9.06

Target met. Weakness on ECO (Atlantic) O & G below 9.06 will invariably l ……..

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LSE:EXPN Experian. Close Mid-Price: 3138 Percentage Change: + 0.54% Day High: 3148 Day Low: 3117

All Experian needs are mid-price trades ABOVE 3148 to improve acceleratio ……..

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LSE:EZJ EasyJet. Close Mid-Price: 490.5 Percentage Change: + 2.79% Day High: 491.9 Day Low: 477.7

Continued trades against EZJ with a mid-price ABOVE 491.9 should improve ……..

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LSE:FOXT Foxtons Close Mid-Price: 44.45 Percentage Change: -0.11% Day High: 45.9 Day Low: 44.6

Continued trades against FOXT with a mid-price ABOVE 45.9 should improve ……..

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LSE:IGG IG Group Close Mid-Price: 744 Percentage Change: -0.20% Day High: 747.5 Day Low: 741

Further movement against IG Group ABOVE 747.5 should improve acceleration ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 7028 Percentage Change: + 1.68% Day High: 7046 Day Low: 6932

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

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LSE:MKS Marks and Spencer Close Mid-Price: 263 Percentage Change: -0.75% Day High: 267.2 Day Low: 262.7

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

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LSE:NG. National Glib. Close Mid-Price: 1068 Percentage Change: + 0.42% Day High: 1076 Day Low: 1065

In the event of National Glib enjoying further trades beyond 1076, the sh ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 641.2 Percentage Change: + 1.39% Day High: 654.8 Day Low: 632

Further movement against Ocado Plc ABOVE 654.8 should improve acceleratio ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 304.7 Percentage Change: + 2.63% Day High: 306 Day Low: 296.5

Target met. Further movement against Rolls Royce ABOVE 306 should improve ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 754.8 Percentage Change: + 1.04% Day High: 760.2 Day Low: 750.2

Further movement against Scottish Mortgage Investment Trust ABOVE 760.2 s ……..

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LSE:TSCO Tesco Close Mid-Price: 289.3 Percentage Change: -0.41% Day High: 292.6 Day Low: 289.1

Target met. In the event of Tesco enjoying further trades beyond 292.6, t ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 137.3 Percentage Change: -0.29% Day High: 139.65 Day Low: 137.45

Target met. All Taylor Wimpey needs are mid-price trades ABOVE 139.65 to ……..

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LSE:VOD Vodafone Close Mid-Price: 67.11 Percentage Change: -2.10% Day High: 68.37 Day Low: 66.93

Continued weakness against VOD taking the price below 66.93 calculates as ……..

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