Free futures FTSE for FRIDAY (FTSE:UKX) 

#FTSE #Gold 

Microsoft Windows 10 had proven to be reliable, for us being as useful as the ancient Windows mainstay, Windows 98SE. Until today, when it blotted its copybook. An update arrived, asking if we wished to Update & Restart or Update and Shut Down. As it was a “spare” system, the latter choice was made and the machine obligingly went dark in 10 minutes.

We didn’t anticipate what came next. “Update and Shut Down” should perhaps be accompanied by the warning, “and not restart”. A battle is now being fought with the machine, thanks to making the mistake of assuming Windows Trouble-shooter wouldn’t become a rabbit hole more convoluted than the truth about what’s happening with UK fuel prices! To cut a long story short, we’ve reached our wits end with the machine and now, it’s getting a clean copy of Windows installed, a job which should take around 20 minutes rather than the six hours wasted, trying out Microsoft suggestions.

 

Obviously, this has nothing to do with the stock market, other than provide a simile for the point at which the FTSE finds itself currently. After wasting an entire year with dodgy index movements, the UK market finally opted to close a session above 7667 points a week ago, thus moving into prime territory to restart life on the UK’s premium stock exchange. It’s quite a big deal, exceeding the pre-pandemic high (Green) on the chart and now, the index resides in a zone where we can actually calculate a future 8225 points as a longer term viable ambition. The market needs slump below 7500 points to give the first indication of everything going terribly wrong but for now, our inclination is to treat this as the FTSE’s attempt to enact a clean install.

From a near term perspective, above 7810 points calculates with the potential of a lift toward 7858 points next with secondary, if bettered, at 7895 points. If triggered, the index needs below 7712 points to cancel the immediate perspective, a painfully wide stop loss level.

Our converse scenario, in the event the index wishes to play with folks heads, works out at weakness below 7756 risking triggering reversal to 7712 points with secondary, if broken, at 7681 points.

Have a good weekend and hope you enjoy the rain as much as we don’t…

.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:59:36PM BRENT 83.94 82.29 81.295 83.44 84.64 84.83 83.28 ‘cess
10:01:48PM GOLD 1898.89 1873.86 1867 1884 1901.31 1905 1890 Success
10:03:35PM FTSE 7809.4 7735 7721 7785 7813 7824 7788 ‘cess
10:05:05PM STOX50 4139.5 4099 4082 4130 4144 4150 4119 Success
10:07:41PM GERMANY 15103.23 14947 14888 15078 15127 15175 15050
10:09:21PM US500 3983.67 3933 3919 3973 4000 4007 3955 ‘cess
10:11:53PM DOW 34187 33714 33593 33949 34310 34423 34084 Success
10:13:46PM NASDAQ 11455.72 11216 11096 11426 11504 11555 11374 ‘cess
10:21:47PM JAPAN 26221 25961 25851 26211 26461 26537 26293 Success

 

12/01/2023 FTSE Closed at 7794 points. Change of 0.91%. Total value traded through LSE was: £ 5,732,068,747 a change of -8.81%
11/01/2023 FTSE Closed at 7724 points. Change of 0.39%. Total value traded through LSE was: £ 6,286,062,115 a change of 15.31%
10/01/2023 FTSE Closed at 7694 points. Change of -0.39%. Total value traded through LSE was: £ 5,451,478,270 a change of 2.33%
9/01/2023 FTSE Closed at 7724 points. Change of 0.32%. Total value traded through LSE was: £ 5,327,251,474 a change of 8.1%
6/01/2023 FTSE Closed at 7699 points. Change of 0.86%. Total value traded through LSE was: £ 4,928,257,963 a change of -18.51%
5/01/2023 FTSE Closed at 7633 points. Change of -100%. Total value traded through LSE was: £ 6,047,458,257 a change of 0%
4/01/2023 FTSE Closed at 7585 points. Change of 0%. Total value traded through LSE was: £ 5,484,169,808 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:ASC Asos** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:IQE IQE** **LSE:JET Just Eat** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:TSCO Tesco** **

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Updated charts published on : Asos, Barclays, BALFOUR BEATTY, Barrett Devs, EasyJet, Hikma, HSBC, British Airways, Igas Energy, Intercontinental Hotels Group, IQE, Just Eat, Music Magpie, Natwest, Ocado Plc, Tesco,

LSE:ASC Asos. Close Mid-Price: 708.5 Percentage Change: + 20.90% Day High: 717 Day Low: 560

Further movement against Asos ABOVE 717 should improve acceleration towar ……..

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LSE:BARC Barclays. Close Mid-Price: 177.08 Percentage Change: + 2.04% Day High: 178 Day Low: 174.24

Further movement against Barclays ABOVE 178 should improve acceleration t ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 355.4 Percentage Change: + 1.89% Day High: 357 Day Low: 340.6

Target met. In the event of BALFOUR BEATTY enjoying further trades beyond ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 451.2 Percentage Change: + 6.69% Day High: 453.5 Day Low: 423.8

Target met. All Barrett Devs needs are mid-price trades ABOVE 453.5 to im ……..

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LSE:EZJ EasyJet. Close Mid-Price: 418.2 Percentage Change: + 6.52% Day High: 419.5 Day Low: 395

Further movement against EasyJet ABOVE 419.5 should improve acceleration ……..

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LSE:HIK Hikma. Close Mid-Price: 1697.5 Percentage Change: + 1.01% Day High: 1715.5 Day Low: 1675

All Hikma needs are mid-price trades ABOVE 1715.5 to improve acceleration ……..

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LSE:HSBA HSBC. Close Mid-Price: 581.8 Percentage Change: + 2.14% Day High: 585.6 Day Low: 571.2

Target met. In the event of HSBC enjoying further trades beyond 585.6, th ……..

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LSE:IAG British Airways. Close Mid-Price: 152.86 Percentage Change: + 3.94% Day High: 154.36 Day Low: 146.5

Target met. Continued trades against IAG with a mid-price ABOVE 154.36 sh ……..

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LSE:IGAS Igas Energy Close Mid-Price: 22.35 Percentage Change: -4.89% Day High: 25 Day Low: 22.1

All Igas Energy needs are mid-price trades ABOVE 25 to improve accelerati ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5342 Percentage Change: + 1.87% Day High: 5368 Day Low: 5256

Target met. Continued trades against IHG with a mid-price ABOVE 5368 shou ……..

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LSE:IQE IQE. Close Mid-Price: 58.3 Percentage Change: + 1.92% Day High: 58.4 Day Low: 56.5

Target met. Further movement against IQE ABOVE 58.4 should improve accele ……..

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LSE:JET Just Eat. Close Mid-Price: 2122 Percentage Change: + 1.87% Day High: 2136 Day Low: 1996.8

Target met. In the event of Just Eat enjoying further trades beyond 2136, ……..

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LSE:MMAG Music Magpie. Close Mid-Price: 38.4 Percentage Change: + 3.78% Day High: 39.5 Day Low: 38

All Music Magpie needs are mid-price trades ABOVE 40 to improve accelerat ……..

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LSE:NWG Natwest. Close Mid-Price: 287.5 Percentage Change: + 2.64% Day High: 288.3 Day Low: 280

Target met. Continued trades against NWG with a mid-price ABOVE 288.3 sho ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 757.8 Percentage Change: + 3.52% Day High: 763.8 Day Low: 720

Further movement against Ocado Plc ABOVE 763.8 should improve acceleratio ……..

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LSE:TSCO Tesco. Close Mid-Price: 246 Percentage Change: + 0.94% Day High: 246.4 Day Low: 239.3

In the event of Tesco enjoying further trades beyond 246.4, the share sho ……..

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

Direct Line Group Insurance Plc (LSE:DLG), insuring against the obvious.

#FTSE #DOW 

The news Direct Line decided to cancel their share dividend due to “the weather” sounds almost too ridiculous to believe. Apparently the brief cold snap in December caught the company unawares, leading to a surprise increase in car accidents and household insurance claims. It’s ridiculous, because we are in the UK, a place where there’s weather!

When the largest motor insurer in the land manages to be caught out by the arrival of winter almost defies belief. It begs the question, have they been believing their own “climate change” hype at the cost of forgetting the seasons change? Obviously, they opted to blame “climate change” for the surge in claims, rather than admit what sounds like gross collective corporate stupidity. It’s winter, temperatures drop, rain falls, snow happens.

Pictured below, our garden waterfall today. The initial 7 metre drop looks quite energetic, roaring loudly in the background as I type. An annual job, in Autumn, is to clear up the stream bed and remove  fallen branches, just in case a natural dam forms and floods the house. It’s common sense, because we anticipate rain in winter (edit: It’s Scotland, every other season too…) Quite how Direct Line were surprised by Winter making itself known during December. We’d always thought a fairly key part of the insurance industry was an ability to plan ahead and prepare but instead, they join good old British Rail of train cancellation fame with their favourite; “Services cancelled due to leafs on the track” in Autumn.

With Direct Line Insurance Group (DLG) now trading lower than 2012, we fear the worst is yet to come as visually, the market isn’t terribly impressed with their behaviour. At time of writing, they’re trading around 177p with a low of the day at 162p. And this was after the market manipulated (gapped) the share price down by 50p, all the way from 231p down to 181p in the opening second of trade.

We fear further bad weather may be ahead for DLG as below 162p now calculates with the potential of further leakage down to 111p and hopefully some sort of bounce. Our reasoning behind this comes from the ridiculous secondary target level of 34p, representing a point below which we cannot calculate. To be honest, while we suspect 111p may make an appearance, we’ve substantial doubts regarding our secondary at 34p as visually, nothing appears to back up this calculation, other than a miserable computer program.

For DLG to escape this little game of Climate Change monopoly, their share price needs closure above 235p, currently a pretty impossible looking task.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:00:34PM BRENT 83.04 ‘cess
10:02:52PM GOLD 1876.67 ‘cess
10:06:15PM FTSE 7754.19 7721 7709 7688 7751 7761 7790 7821 7736 Success
10:24:16PM STOX50 4123 Success
10:28:55PM GERMANY 15023
10:30:52PM US500 3971.77 Success
10:35:07PM DOW 33998.8 33677 33543 33391 33786 34008 34096 34205 33738 ‘cess
10:59:40PM NASDAQ 11413.35
11:01:54PM JAPAN 26527 Success

 

11/01/2023 FTSE Closed at 7724 points. Change of 0.39%. Total value traded through LSE was: £ 6,286,062,115 a change of 15.31%
10/01/2023 FTSE Closed at 7694 points. Change of -0.39%. Total value traded through LSE was: £ 5,451,478,270 a change of 2.33%
9/01/2023 FTSE Closed at 7724 points. Change of 0.32%. Total value traded through LSE was: £ 5,327,251,474 a change of 8.1%
6/01/2023 FTSE Closed at 7699 points. Change of 0.86%. Total value traded through LSE was: £ 4,928,257,963 a change of -18.51%
5/01/2023 FTSE Closed at 7633 points. Change of -100%. Total value traded through LSE was: £ 6,047,458,257 a change of 0%
4/01/2023 FTSE Closed at 7585 points. Change of 0%. Total value traded through LSE was: £ 5,484,169,808 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BARC Barclays** **LSE:BLVN Bowleven** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:HSBA HSBC** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:MMAG Music Magpie** **

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Updated charts published on : Barclays, Bowleven, Darktrace Plc, EasyJet, HSBC, Igas Energy, Intercontinental Hotels Group, IQE, Intertek, Just Eat, Marks and Spencer, Music Magpie,

LSE:BARC Barclays. Close Mid-Price: 173.54 Percentage Change: + 1.13% Day High: 174.4 Day Low: 171.04

Continued trades against BARC with a mid-price ABOVE 174.4 should improve ……..

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LSE:BLVN Bowleven Close Mid-Price: 1.57 Percentage Change: -10.00% Day High: 1.75 Day Low: 1.57

Weakness on Bowleven below 1.57 will invariably lead to 1.25 with seconda ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 250.7 Percentage Change: -14.55% Day High: 270 Day Low: 240

Continued weakness against DARK taking the price below 240 calculates as ……..

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LSE:EZJ EasyJet. Close Mid-Price: 392.6 Percentage Change: + 0.00% Day High: 400.1 Day Low: 389.1

Continued trades against EZJ with a mid-price ABOVE 400.1 should improve ……..

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LSE:HSBA HSBC. Close Mid-Price: 569.6 Percentage Change: + 0.98% Day High: 573 Day Low: 565.2

Continued trades against HSBA with a mid-price ABOVE 573 should improve t ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 23.5 Percentage Change: + 22.40% Day High: 24 Day Low: 20.4

Further movement against Igas Energy ABOVE 24 should improve acceleration ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5244 Percentage Change: + 0.96% Day High: 5262 Day Low: 5186

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

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LSE:IQE IQE. Close Mid-Price: 57.2 Percentage Change: + 5.93% Day High: 57.6 Day Low: 54

Continued trades against IQE with a mid-price ABOVE 57.6 should improve t ……..

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LSE:ITRK Intertek. Close Mid-Price: 4297 Percentage Change: + 1.22% Day High: 4322 Day Low: 4232

In the event of Intertek enjoying further trades beyond 4322, the share s ……..

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LSE:JET Just Eat. Close Mid-Price: 2083 Percentage Change: + 2.51% Day High: 2124 Day Low: 2050.5

Continued trades against JET with a mid-price ABOVE 2124 should improve t ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 143.4 Percentage Change: + 1.49% Day High: 146.3 Day Low: 141.7

Target met. Further movement against Marks and Spencer ABOVE 146.3 should ……..

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LSE:MMAG Music Magpie. Close Mid-Price: 37 Percentage Change: + 17.46% Day High: 37.7 Day Low: 31.5

This is irritating, we added this at the start of the week and promptly ig ……..

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

British American Tobacco Plc (LSE:BATS), smokin’ hot? 

#Gold_Futures #SP500 

There are two words best not mentioned in polite company nowadays. Obviously, one is “smoking” but the other proved to be something of a surprise. The word “bluetooth” appears capable of driving previously calm folk into an absolute fury. It’s a basically simple technology, just a private wireless network between a phone and a device.

Unfortunately, the ‘device’ end is where everything tends go horribly complicated and infuriating as the customer is transported into the competence of whatever minimum wage nerd in a gadget manufacturer thought was a good idea. A recent example was delivered by Santa to a grand-daughter, a digital microscope. For some reason, the child wanted her phone connected to the machine as she wanted to capture a video of a leaf. This particular rabbit hole took several hours to escape, due to a particular piece of insanity from Apple which required deleting all other devices the iPhone had previously been paired with. This evening, a device designed to analyse Type 2 Diabetes blood with a quick jab in a finger, utterly refused to pair with a phone, until such time the Android phone had been reset. Pairing Bluetooth often becomes ‘a mission’, thanks to designers being allowed to introduce their own way of doing things. The Diabetes machine failed, due to the gadget cheerfully pairing with the Android instead of being manually forced to pair using the App for the machine. Discovering this design flaw consumed a greater part of the evening, the App deciding it cannot live in an environment where something else discovered the blood testing device before it did.

 

That other word, “smoking”, still can drive folk a little mad, often for the wrong reasons.

 

Obviously, in todays world, smoking is frowned upon but in reality, many folk still indulge in the habit. Just visit a hospital to view the quantity of staff and patients, each with their own version of a bicycle shed where they are forced to act out their craving, usually in full view of self righteous critics. Chatting to the owners of a few local shops, it appears cigarette sales, despite the product now hidden away in shame and the packets unbranded, remain fairly resilient, something reflected with BATS share price. For some time, we’d suspected initiatives worldwide must eventually harm BATS but in reality, it grows difficult to identify a danger sign which shall indicate the presence of a cliff.

However, one interesting aspect of BATS movements took place last year. We’d calculated the potential of a share price lift to 3740p and price movements triggered this possibility. Unfortunately, our target failed to materialise, the lift falling above at 3650p with the price now being walked downhill. The implication is of weakness as we’re maybe witnessing the first signs of potential trouble.

Another area causing concern is the Red uptrend since 2009. Between 2019 and 2021, considerable care was employed to ensure BATS didn’t slump below Red, a phenomena quite visible on the chart. We’ve shown an inset on the chart, highlighting what happened in 2021. The visuals imply this was more than just an amazing coincidence in trading but instead, a hard decision by “the market” not to allow BATS share price to retreat. It makes us question what shall happen, if this market resolve weakens?

Presently trading around 3150p, it appears below 3100p risks triggering a reversal cycle to an initial 2200p with secondary, if broken, at 1750p. The 2200p level should worry traders, creating a new lower low and opening the door to all sorts of future mischief. If playing sane, a break of Red at 2600p shall probably be the last straw.

Maybe we’re looking for trouble where none exists. Just taking a walk around the exterior of any financial institution reveals plenty of folk still smoke and this alone may prove sufficient to impart confident in BATS share price. Above just 3460p currently looks capable of promoting now to an initial 3690 with secondary, if beaten, at a visually sane 4160p

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:58:28PM BRENT 79.71
10:00:15PM GOLD 1878.36 1867 1864 1859 1876 1881 1887 1893 1869
10:02:16PM FTSE 7716.44
10:03:58PM STOX50 4082.2 ‘cess
10:06:05PM GERMANY 14851
10:07:43PM US500 3921.17 3882 3862 3832 3922 3922 3937 3960 3882
10:30:51PM DOW 33704 ‘cess
10:36:58PM JAPAN 26270 ‘cess

 

10/01/2023 FTSE Closed at 7694 points. Change of -0.39%. Total value traded through LSE was: £ 5,451,478,270 a change of 2.33%
9/01/2023 FTSE Closed at 7724 points. Change of 0.32%. Total value traded through LSE was: £ 5,327,251,474 a change of 8.1%
6/01/2023 FTSE Closed at 7699 points. Change of 0.86%. Total value traded through LSE was: £ 4,928,257,963 a change of -18.51%
5/01/2023 FTSE Closed at 7633 points. Change of 0.63%. Total value traded through LSE was: £ 6,047,458,257 a change of 10.27%
4/01/2023 FTSE Closed at 7585 points. Change of -100%. Total value traded through LSE was: £ 5,484,169,808 a change of 0%
29/12/2022 FTSE Closed at 7512 points. Change of 0%. Total value traded through LSE was: £ 2,614,666,454 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AZN Astrazeneca** **LSE:EME Empyrean** **LSE:IHG Intercontinental Hotels Group** **LSE:MKS Marks and Spencer** **LSE:POLY Polymetal** **

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Updated charts published on : Astrazeneca, Empyrean, Intercontinental Hotels Group, Marks and Spencer, Polymetal,

LSE:AZN Astrazeneca. Close Mid-Price: 11802 Percentage Change: + 0.56% Day High: 11886 Day Low: 11666

Movement now above 11886 should attempt an initial 12020 next with seconda ……..

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LSE:EME Empyrean Close Mid-Price: 0.95 Percentage Change: -9.62% Day High: 0.95 Day Low: 0.9

This has the potential to become interesting, if the share price exceeds 1 ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5194 Percentage Change: + 0.70% Day High: 5214 Day Low: 5136

Further movement against Intercontinental Hotels Group ABOVE 5214 should ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 141.3 Percentage Change: + 0.14% Day High: 142.2 Day Low: 139.2

Continued trades against MKS with a mid-price ABOVE 142.2 should improve ……..

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LSE:POLY Polymetal Close Mid-Price: 310 Percentage Change: -1.59% Day High: 322 Day Low: 304.1

Further movement against Polymetal ABOVE 322 should improve acceleration ……..

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

Metro Bank Plc (LSE:MTRO), the dog friendly bank.

#BrentCrude #Dax

By popular demand, we’re taking another look at Metro due to some folk finding their share price interesting and thus, asking if we can update our outlook. Unfortunately, the first chart displayed, using our “default” setting is a 5 year view, one which provokes a sharp intake of breath. By any standards, the view since 2018 is utterly dreadful.

For the retail banking sector, the share high prior to Covid-19 looks like providing a reasonable ambition for most shares. Natwest is already flirting with such a level, Barclays has another 30p to gain, despite matching the level in 2022 then being hammered for it, and Lloyds needs discover 25p from somewhere. Metro Bank share price needs almost double from its current 123p, just to reach this important looking milestone. Despite this sounding awful, the reality ‘should be’, if Metro intends follow the rest of the sector in recovery, some fairly large jumps in the share price should be anticipated.

Currently, our optimism toward the Clown Sector – aka the retail banks – continues to improve. Metro share price movements prove to be at odds with the big three, failing to emulate a relatively strong start to the year. Instead of experiencing 4 sessions out of 5 as gains, Metro somehow managed to experience 2 pretty firm sessions of reversals and is now matching the opening price for 2023. Perhaps this means something, perhaps it’s just proving less attractive and is still wearing big clown shoes!

Should we opt to tar Metro with the same brush we’re using for the rest of the retail banks, it now appears above 129p should make an attempt at 145p next, a price level which looks capable of provoking some hesitation given prior terrors around the 150p level. It is surprising to note, should 145p be exceeded, our secondary calculation works out at a longer term 198p. We can even provide a 3rd level target at a distant and improbable looking 255p, our suspicions aroused as there’s no historical precedent to make such an ambition look viable. This may sound a little daft but experience has taught, when a future calculation “looks odd”, the chances are it’s going to be impossible.

For everything to go wrong with Metro, a bank we thoroughly approve of due to their dog friendly policy, the share price would need close a session below 93p. This would force us to revisit the numbers.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:03:36PM BRENT 79.91 78.98 78.27 77.22 80.2 81.42 81.84 83.1 80.1 ‘cess
10:05:17PM GOLD 1871 ‘cess
10:07:51PM FTSE 7686.26 Shambles
10:10:16PM STOX50 4051.5 ‘cess
10:14:46PM GERMANY 14738 14622 14536 14434 14718 14834 14958 15139 14687 ‘cess
10:18:11PM US500 3891.87 Success
10:21:01PM DOW 33516 ‘cess
10:23:49PM NASDAQ 11106.34 Success
10:26:30PM JAPAN 26208 ‘cess

 

9/01/2023 FTSE Closed at 7724 points. Change of 0.32%. Total value traded through LSE was: £ 5,327,251,474 a change of 8.1%
6/01/2023 FTSE Closed at 7699 points. Change of 0.86%. Total value traded through LSE was: £ 4,928,257,963 a change of -18.51%
5/01/2023 FTSE Closed at 7633 points. Change of 0.63%. Total value traded through LSE was: £ 6,047,458,257 a change of 10.27%
4/01/2023 FTSE Closed at 7585 points. Change of 0.97%. Total value traded through LSE was: £ 5,484,169,808 a change of 109.75%
29/12/2022 FTSE Closed at 7512 points. Change of -100%. Total value traded through LSE was: £ 2,614,666,454 a change of 0%
28/12/2022 FTSE Closed at 7497 points. Change of 0%. Total value traded through LSE was: £ 4,019,239,763 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:BT.A British Telecom** **LSE:CEY Centamin** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:POLY Polymetal** **LSE:SBRY Sainsbury** **

********

Updated charts published on : Avacta, Barclays, British Telecom, Centamin, EasyJet, Firstgroup, Hikma, British Airways, Igas Energy, Intercontinental Hotels Group, Intertek, ITV, Marks and Spencer, National Glib, Ocado Plc, Oxford Instruments, Polymetal, Sainsbury,

LSE:AVCT Avacta. Close Mid-Price: 128.5 Percentage Change: + 1.98% Day High: 131 Day Low: 123

Further movement against Avacta ABOVE 131 should improve acceleration tow ……..

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LSE:BARC Barclays. Close Mid-Price: 172.62 Percentage Change: + 0.30% Day High: 174.1 Day Low: 171.94

In the event of Barclays enjoying further trades beyond 174.1, the share ……..

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LSE:BT.A British Telecom. Close Mid-Price: 128.05 Percentage Change: + 1.11% Day High: 130.8 Day Low: 126.75

All British Telecom needs are mid-price trades ABOVE 130.8 to improve acc ……..

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LSE:CEY Centamin Close Mid-Price: 122 Percentage Change: -2.79% Day High: 127.6 Day Low: 122.55

Further movement against Centamin ABOVE 127.6 should improve acceleration ……..

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LSE:EZJ EasyJet. Close Mid-Price: 388.9 Percentage Change: + 4.49% Day High: 396.5 Day Low: 373.5

All EasyJet needs are mid-price trades ABOVE 396.5 to improve acceleratio ……..

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LSE:FGP Firstgroup Close Mid-Price: 104.8 Percentage Change: -0.19% Day High: 109 Day Low: 105.5

Continued trades against FGP with a mid-price ABOVE 109 should improve th ……..

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LSE:HIK Hikma Close Mid-Price: 1665.5 Percentage Change: -0.54% Day High: 1690 Day Low: 1650.5

In the event of Hikma enjoying further trades beyond 1690, the share shou ……..

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LSE:IAG British Airways. Close Mid-Price: 145.5 Percentage Change: + 3.54% Day High: 146.42 Day Low: 139.54

Further movement against British Airways ABOVE 146.42 should improve acc ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 22.4 Percentage Change: + 30.99% Day High: 22.2 Day Low: 17.5

In the event of Igas Energy enjoying further trades beyond 22.2, the shar ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5158 Percentage Change: + 1.14% Day High: 5170 Day Low: 5104

Target met. All Intercontinental Hotels Group needs are mid-price trades ……..

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LSE:ITRK Intertek Close Mid-Price: 4225 Percentage Change: -0.21% Day High: 4266 Day Low: 4183

Continued trades against ITRK with a mid-price ABOVE 4266 should improve ……..

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LSE:ITV ITV. Close Mid-Price: 81.48 Percentage Change: + 2.36% Day High: 81.42 Day Low: 79.88

Target met. Continued trades against ITV with a mid-price ABOVE 81.42 sho ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 141.1 Percentage Change: + 2.58% Day High: 141.4 Day Low: 137.95

Target met. All Marks and Spencer needs are mid-price trades ABOVE 141.4 ……..

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LSE:NG. National Glib Close Mid-Price: 1037.5 Percentage Change: -0.67% Day High: 1054.5 Day Low: 1024.5

Further movement against National Glib ABOVE 1054.5 should improve accele ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 743.2 Percentage Change: + 3.51% Day High: 755 Day Low: 716.8

All Ocado Plc needs are mid-price trades ABOVE 755 to improve acceleratio ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2205 Percentage Change: -0.23% Day High: 2300 Day Low: 2160

In the event of Oxford Instruments enjoying further trades beyond 2300, t ……..

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LSE:POLY Polymetal. Close Mid-Price: 315 Percentage Change: + 12.08% Day High: 320 Day Low: 280

Target met. All Polymetal needs are mid-price trades ABOVE 320 to improve ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 247.1 Percentage Change: + 1.44% Day High: 248.9 Day Low: 242.8

Continued trades against SBRY with a mid-price ABOVE 248.9 should improve ……..

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

FTSE for FRIDAY (FTSE:UKX), a Happy New Year? 

#FTSE #Gold

Quite how a week of just three sessions has become a lot of work is a bit confusing. A new trainee, supposedly just watching, has become a bit of a nightmare due to his little black notebook. Roughly once an hour, depending on the coffee schedule, he flips open the book and asks a question, doubtless expecting a quick reply. Instead, we end up returning to the computers, easily spending several hours as few things about the stock market deserve quick answers. This nephew (nepotism rules here) has reminded us many of the things we do are “belt & braces”, constantly attempting to verify our own work before committing our conclusions to print. The better part of an afternoon was derailed, trying to explain our flippant comment last night as to why “the FTSE is giving encouraging squeaks”.

His question was fair, a glance at a chart showing the potential for some happy days. Gratifyingly, the FTSE managed end Thursday in positive territory, everywhere else in Europe and the USA embracing the colour Red.

For folk used to the market, the FTSE has closed above the previous three highs of 2022. If attempting a quick call as to market direction, this visually implies further gains should be anticipated. After all, near term movement above 7660 points should bring further movement to an initial 7705 points, a quite respectable ambition. Our secondary, should this level be exceeded, works out at 7750 points, along with a chance of some hesitation.

However, yet another potential signal is teasing the FTSE, the Green horizontal trend on the chart. This level is currently at 7667 points and closure above shall prove a really big deal. This shall indicate the FTSE has finally managed to exceed the pre-pandemic highs of 2020, entering a phase where a longer term 8080 looks like a sane ambition. This optimistic gesture, while nowhere close to how other markets performed once they exceeded their personal Covid-19 levels, certainly gives hope for the FTSE future.

 

As always, we’ve some room for concern, thanks to how the rest of the world performed on Thursday. After all, the FTSE has often appeared incapable of seeing a bandwagon without clambering on board. With everything else looking a little Red, there’s always a risk of the FTSE shall decide it’s missing out on the chance of some self harm. Currently market futures for Friday are giving little away but we suspect further reversals shall occur in the USA and Europe.

 

Our converse scenario, should the FTSE opt to follow the herd, allows weakness now below 7594 to bring reversal to an initial 7560 points with secondary, if broken, at 7470 points (again) and hopefully a bounce. Quite odd why that number keeps cropping up!

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:00:27PM BRENT 78.84 77.61 77.29 79.77 79.96 80.85 78.55
10:06:33PM GOLD 1833.07 1824 1821 1838 1838 1842 1831 Success
10:25:13PM FTSE 7639.21 7605 7589 7635 7658 7680 7608 Success
10:32:36PM STOX50 3965.4 3947 3943 3962 3977 3989 3957 Shambles
11:14:33PM GERMANY 14462 14402 14378 14468 14508 14525 14438
11:58:24PM US500 3816 3757 3724 3831 3902 3930 3846
12:01:08AM DOW 32966 32786 32670 32951 33112 33221 32931 ‘cess
12:03:13AM NASDAQ 10766 10726 10678 10804 10846 10883 10766 ‘cess
12:13:38AM JAPAN 25746 25677 25667 25721 25935 No idea what’s next

 

5/01/2023 FTSE Closed at 7633 points. Change of 0.63%. Total value traded through LSE was: £ 6,047,458,257 a change of 10.27%
4/01/2023 FTSE Closed at 7585 points. Change of 0.97%. Total value traded through LSE was: £ 5,484,169,808 a change of 109.75%
29/12/2022 FTSE Closed at 7512 points. Change of -100%. Total value traded through LSE was: £ 2,614,666,454 a change of 0%
28/12/2022 FTSE Closed at 7497 points. Change of 0%. Total value traded through LSE was: £ 4,019,239,763 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:CEY Centamin** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IGAS Igas Energy** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **

********

Updated charts published on : Barclays, BALFOUR BEATTY, Barrett Devs, Centamin, Fresnillo, Hikma, HSBC, Igas Energy, Intertek, ITV, Lloyds Grp., Marks and Spencer, National Glib, Natwest, Rolls Royce, Sainsbury, Standard Chartered, Tesco,

LSE:BARC Barclays. Close Mid-Price: 172.42 Percentage Change: + 2.58% Day High: 173.74 Day Low: 166.38

Target met. All Barclays needs are mid-price trades ABOVE 173.74 to impro ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 352.4 Percentage Change: + 1.21% Day High: 354.8 Day Low: 340

Continued trades against BBY with a mid-price ABOVE 354.8 should improve ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 430.5 Percentage Change: + 0.37% Day High: 435.2 Day Low: 421.8

Further movement against Barrett Devs ABOVE 435.2 should improve accelera ……..

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LSE:CEY Centamin. Close Mid-Price: 122.9 Percentage Change: + 2.46% Day High: 123.65 Day Low: 119.45

Target met. Continued trades against CEY with a mid-price ABOVE 123.65 sh ……..

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LSE:FRES Fresnillo Close Mid-Price: 946.2 Percentage Change: -2.19% Day High: 996.8 Day Low: 942.4

All Fresnillo needs are mid-price trades ABOVE 996.8 to improve accelerat ……..

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LSE:HIK Hikma. Close Mid-Price: 1647.5 Percentage Change: + 2.58% Day High: 1656.5 Day Low: 1600.5

Continued trades against HIK with a mid-price ABOVE 1656.5 should improve ……..

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LSE:HSBA HSBC. Close Mid-Price: 565.3 Percentage Change: + 4.01% Day High: 568.4 Day Low: 545.5

Target met. Further movement against HSBC ABOVE 568.4 should improve acce ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 16.8 Percentage Change: + 5.99% Day High: 16.35 Day Low: 15.1

Weakness on Igas Energy below 15.1 will invariably lead to 15p with secon ……..

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LSE:ITRK Intertek Close Mid-Price: 4167 Percentage Change: -0.90% Day High: 4227 Day Low: 4161

Further movement against Intertek ABOVE 4227 should improve acceleration ……..

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LSE:ITV ITV. Close Mid-Price: 79.12 Percentage Change: + 0.33% Day High: 80 Day Low: 77.32

All ITV needs are mid-price trades ABOVE 80 to improve acceleration towar ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 48.31 Percentage Change: + 1.83% Day High: 48.46 Day Low: 46.85

Continued trades against LLOY with a mid-price ABOVE 48.46 should improve ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 136.15 Percentage Change: + 3.42% Day High: 138.85 Day Low: 133.5

In the event of Marks and Spencer enjoying further trades beyond 138.85, ……..

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LSE:NG. National Glib. Close Mid-Price: 1029.5 Percentage Change: + 0.00% Day High: 1041 Day Low: 1025.5

Continued trades against NG. with a mid-price ABOVE 1041 should improve t ……..

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LSE:NWG Natwest. Close Mid-Price: 279.5 Percentage Change: + 1.78% Day High: 280.3 Day Low: 270.6

Further movement against Natwest ABOVE 280.3 should improve acceleration ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 102.66 Percentage Change: + 1.24% Day High: 104.22 Day Low: 101.36

All Rolls Royce needs are mid-price trades ABOVE 104.22 to improve accele ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 239.9 Percentage Change: + 1.78% Day High: 240.9 Day Low: 236.2

Target met. Further movement against Sainsbury ABOVE 240.9 should improve ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 705.2 Percentage Change: + 6.78% Day High: 797.4 Day Low: 654.2

Target met. In the event of Standard Chartered enjoying further trades be ……..

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LSE:TSCO Tesco. Close Mid-Price: 238.5 Percentage Change: + 1.49% Day High: 240.3 Day Low: 237.6

All Tesco needs are mid-price trades ABOVE 240.3 to improve acceleration ……..

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

Natwest, time to make hay?

~Brent #Dax

The final session of 2022 provided ample opportunity for us to dislocate a shoulder, trying to administer a pat on the back. Our scenario, the previous day, allowed for reversal to 7450 points and with London wrapping things up for the year at 7451 points, this was deemed close enough for self congratulations as we were out by 13 thousands of a percent. As always, New Year in Scotland was pretty boring with things only becoming interesting when friends dropped round the following day.

We walked our dogs, lit the fire, settled down with plenty of red wine, and for a few hours pretended we were competent musicians!

From a market perspective, it feels like the New Year is kicking off with good intentions. Not only the FTSE is giving encouraging squeaks but Natwest starts to feel like the share is finally burbling into life. Maybe we’re seeing a Santa Rally for Agnostics?

To cut down on the amount of reading, it now looks like near term movement above 275p shall continue trudging up hill to an initial 284p with secondary, if exceeded, now calculating at 305p. It’s important to remember movement above a closing price of 284p propels Natwest share price into a zone where a longer term 337p still calculates as a viable ambition.

 

Our alternate proposition demands Natwest weaken below 225p to ring alarm bells, risking reversal to an initial 200p with secondary, if broken, down at 175p and hopefully a bounce. But for now, it looks like it’s a Happy New Year for those patiently awaiting Natwest doing something useful.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
10:06:42PM BRENT 78.1 77.75 76.43 75.41 80.3 81.87 82.43 83.99 80.15
10:08:33PM GOLD 1855.84 1854
10:11:16PM FTSE 7574 7553
10:13:32PM STOX50 3975.1 3945
10:25:24PM GERMANY 14483.63 14197 14083 13941 14248 14506 14516 14633 14197
10:27:29PM US500 3852.07 3850
10:29:49PM DOW 33253 33235
10:31:27PM NASDAQ 10914 10890
10:34:15PM JAPAN 25846 25830

 

4/01/2023 FTSE Closed at 7585 points. Change of 0.97%. Total value traded through LSE was: £ 5,484,169,808 a change of 109.75%
29/12/2022 FTSE Closed at 7512 points. Change of 0.2%. Total value traded through LSE was: £ 2,614,666,454 a change of -34.95%
28/12/2022 FTSE Closed at 7497 points. Change of -100%. Total value traded through LSE was: £ 4,019,239,763 a change of 0%
23/12/2022 FTSE Closed at 7473 points. Change of 0%. Total value traded through LSE was: £ 2,007,879,926 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AGM Applied Graphene** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CEY Centamin** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:ITRK Intertek** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:STAN Standard Chartered** **

********

Updated charts published on : Applied Graphene, Avacta, Astrazeneca, Barclays, Barrett Devs, Centamin, Fresnillo, Hikma, HSBC, Intertek, Marks and Spencer, Natwest, Oxford Instruments, Rolls Royce, Sainsbury, Standard Chartered,

LSE:AGM Applied Graphene Close Mid-Price: 8.4 Percentage Change: -10.16% Day High: 9.6 Day Low: 8.25

Target met. In the event of Applied Graphene enjoying further trades beyo ……..

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LSE:AVCT Avacta. Close Mid-Price: 127 Percentage Change: + 4.53% Day High: 130.5 Day Low: 121.5

All Avacta needs are mid-price trades ABOVE 130.5 to improve acceleration ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11602 Percentage Change: + 0.59% Day High: 11746 Day Low: 11536

In the event of Astrazeneca enjoying further trades beyond 11746, the sha ……..

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LSE:BARC Barclays. Close Mid-Price: 168.08 Percentage Change: + 2.74% Day High: 168.26 Day Low: 164.1

Target met. Further movement against Barclays ABOVE 168.26 should improve ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 428.9 Percentage Change: + 3.50% Day High: 428.8 Day Low: 415.4

In the event of Barrett Devs enjoying further trades beyond 428.8, the sh ……..

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LSE:CEY Centamin. Close Mid-Price: 119.95 Percentage Change: + 4.30% Day High: 120.45 Day Low: 115.6

Target met. All Centamin needs are mid-price trades ABOVE 120.45 to impro ……..

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LSE:FRES Fresnillo. Close Mid-Price: 967.4 Percentage Change: + 7.30% Day High: 989 Day Low: 909.8

Target met. Further movement against Fresnillo ABOVE 989 should improve a ……..

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LSE:HIK Hikma Close Mid-Price: 1606 Percentage Change: -0.93% Day High: 1625 Day Low: 1600

Target met. Further movement against Hikma ABOVE 1625 should improve acce ……..

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LSE:HSBA HSBC. Close Mid-Price: 543.5 Percentage Change: + 2.57% Day High: 544.8 Day Low: 532.7

All HSBC needs are mid-price trades ABOVE 544.8 to improve acceleration t ……..

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LSE:ITRK Intertek. Close Mid-Price: 4205 Percentage Change: + 2.79% Day High: 4205 Day Low: 4116

All Intertek needs are mid-price trades ABOVE 4205 to improve acceleratio ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 131.65 Percentage Change: + 3.95% Day High: 132.6 Day Low: 126.95

Target met. Further movement against Marks and Spencer ABOVE 132.6 should ……..

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LSE:NWG Natwest. Close Mid-Price: 274.6 Percentage Change: + 1.29% Day High: 274.3 Day Low: 270.7

Target met. In the event of Natwest enjoying further trades beyond 274.3, ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2245 Percentage Change: -1.75% Day High: 2295 Day Low: 2210

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

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LSE:RR. Rolls Royce. Close Mid-Price: 101.4 Percentage Change: + 2.52% Day High: 100.76 Day Low: 95.8

Target met. In the event of Rolls Royce enjoying further trades beyond 10 ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 235.7 Percentage Change: + 4.80% Day High: 236.2 Day Low: 225.7

Target met. All Sainsbury needs are mid-price trades ABOVE 236.2 to impro ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 660.4 Percentage Change: + 3.16% Day High: 662.2 Day Low: 639.8

Target met. Continued trades against STAN with a mid-price ABOVE 662.2 sh ……..

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

FTSE for The Final Friday of 2022

#FTSE #Doomed

The final Friday of 2022, a year which shall not be missed. The Conservatives displayed why Scotland’s failed to vote for the party since 1955 (yes, really) with multiple leadership fumbles and the legal scent of wider corruption. Russia did Russian stuff and The FTSE did something truly unusual in the grand scheme of things. It didn’t collapse!

In fact, we need to visit Brazil to discover an index which has behaved quite as resiliently as the FTSE.

As the chart below highlights, the FTSE achieved levels of stability missing from popular indices elsewhere with only Australia (yellow) coming close to matching the UK’s stubborn refusal to diminish, remaining around the level it started the year at.

Rather worrying, glancing at the Nasdaq (magenta) tends suggest the US markets face a bit of a thrashing in 2023 but perhaps it should be remembered the Nasdaq also outperformed everything else in the pandemic recovery phase, therefore finding itself best placed to suffer extreme levels of reversal. In plain English, a bottom is expected around 9250 points, giving the Nasdaq a further 1,700 points of pain from the current 10,950 points.

What we’re trying to say, the words literally catching in our throat, is ridiculous but if we apply our dodgy logic “if it ain’t goin’ down, it’s goin’ up”, the FTSE is best placed to outperform other markets by displaying surprise strength next year. Okay, maybe not next week, but visually, the UK index appears to be finishing 2022 in a fairly solid position with hope for the future. With 2022 being a year of so many false dawns, maybe this will finally be the FTSE’s turn. We’re not risking speculating who the next PM shall be, but notice the policeman on guard at the door of No 10 looks increasingly nervous, every time a camera rests on his face.

We shall return on Wednesday 4th January, thanks to Scottish statutory holidays. For now, our final FTSE for Friday ends the year with mild optimism. It was a year which started at 7384 points, meaning it’s not a big ask to expect the FTSE to close above such a level. Finishing Thursday at 7508 points added fuel to the bonfire of misguided loyalty against the UK’s leading index.

Above just 7517 points calculates with the potential of a lift to 7544 with secondary, if exceeded, working out at 7581 points. Visually, both targets make some sense but we’re inclined to caution around the 7544 level, given it matches a few recent highs. The very tightest stop loss level looks like 7490 points.

 

Our converse scenario questions what happens, should the FTSE wander below 7480 points? We’re looking for reversal to a tame 7462 with secondary, if broken, at 7450 points. Visually, we shall not be aghast if either target makes an appears and provokes a bounce. But then again, it’s only a half day, and very little activity is expected.

 

Finally, our thanks for the emails from around the world. It remains a surprise a few folk on Reunion Island in the Pacific visit every Friday, displaying similar loyalty to substantial numbers in Hong Kong & Beijing who choose to visit. Surprisingly, the city of Columbus, Ohio, somehow also generates an average of 16 visitors every Friday!

Here’s hoping for a great New Year. We all deserve it.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:02:34PM BRENT 83.76 82.4 82.15 81.61 83.23 84.1 84.78 85.8 83.28 ‘cess
11:04:35PM GOLD 1815.15 1804 1799 1792 1812 1820 1823 1826 1812 ‘cess
11:06:48PM FTSE 7508 7475 7467 7448 7499 7525 7537 7552 7495 Shambles
11:08:54PM STOX50 3846 3812 3799 3780 3831 3856 3869 3896 3827
11:11:00PM GERMANY 14044 13940 13912 13854 14026 14084 14100 14180 14000 ‘cess
11:13:28PM US500 3843.62 3807 3802 3786 3825 3857 3884 3919 3827
11:17:23PM DOW 33183 32906 32863 32720 33107 33292 33309 33470 33138
11:19:12PM NASDAQ 10940 10740 10690 10593 10812 10982 11014 11122 10914
11:21:18PM JAPAN 26263 26230 26215 26171 26311 26347 26389 26550 26227

 

29/12/2022 FTSE Closed at 7512 points. Change of 0.2%. Total value traded through LSE was: £ 2,614,666,454 a change of -34.95%
28/12/2022 FTSE Closed at 7497 points. Change of 0.32%. Total value traded through LSE was: £ 4,019,239,763 a change of 100.17%
23/12/2022 FTSE Closed at 7473 points. Change of 0.05%. Total value traded through LSE was: £ 2,007,879,926 a change of -54.01%
22/12/2022 FTSE Closed at 7469 points. Change of -0.37%. Total value traded through LSE was: £ 4,366,369,327 a change of -6.1%
21/12/2022 FTSE Closed at 7497 points. Change of 1.72%. Total value traded through LSE was: £ 4,650,253,463 a change of -20.61%
20/12/2022 FTSE Closed at 7370 points. Change of -100%. Total value traded through LSE was: £ 5,857,237,056 a change of 0%
19/12/2022 FTSE Closed at 7361 points. Change of 0%. Total value traded through LSE was: £ 3,719,802,637 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AGM Applied Graphene** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:OXIG Oxford Instruments** **LSE:RKH Rockhopper** **LSE:SMT Scottish Mortgage Investment Trust** **

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Updated charts published on : Applied Graphene, Cellular Goods, Carnival, Darktrace Plc, EasyJet, Hikma, Oxford Instruments, Rockhopper, Scottish Mortgage Investment Trust,

LSE:AGM Applied Graphene. Close Mid-Price: 7.25 Percentage Change: + 34.26% Day High: 7.65 Day Low: 5.4

Further movement against Applied Graphene ABOVE 7.65 should improve accel ……..

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LSE:CBX Cellular Goods Close Mid-Price: 0.62 Percentage Change: -1.60% Day High: 0.65 Day Low: 0.52

Weakness on Cellular Goods below 0.52 will invariably lead to 0.44 with s ……..

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LSE:CCL Carnival. Close Mid-Price: 585.6 Percentage Change: + 3.43% Day High: 583.2 Day Low: 555

Continued weakness against CCL taking the price below 555 calculates as l ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 263.7 Percentage Change: + 3.09% Day High: 266.1 Day Low: 254.3

If Darktrace Plc experiences continued weakness below 254.3, it will inva ……..

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LSE:EZJ EasyJet Close Mid-Price: 332.3 Percentage Change: -0.15% Day High: 330.3 Day Low: 321

Target met. Weakness on EasyJet below 321 will invariably lead to 296 wit ……..

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LSE:HIK Hikma. Close Mid-Price: 1575 Percentage Change: + 0.96% Day High: 1584.5 Day Low: 1556

All Hikma needs are mid-price trades ABOVE 1584.5 to improve acceleration ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2215 Percentage Change: + 1.14% Day High: 2280 Day Low: 2155

Continued trades against OXIG with a mid-price ABOVE 2280 should improve ……..

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LSE:RKH Rockhopper Close Mid-Price: 8.82 Percentage Change: -1.45% Day High: 8.9 Day Low: 8.62

If Rockhopper experiences continued weakness below 8.62, it will invariab ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 715.8 Percentage Change: + 3.74% Day High: 715.4 Day Low: 691.8

Weakness on Scottish Mortgage Investment Trust below 691.8 will invariabl ……..

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