Finsbury Growth and Income Trust Plc (LSE:FGT)

#Gold #SP500

It was a pleasure to read the headline blurb in Finsbury’s “About Us” section on their website. It was a master class in no-nonsense PR writing, completely avoiding buzz words, terminology invented by committee think, or meaningless guff. About our only complaint was the use of a 54 word sentence but conversely, it managed to be readable!

Due to our job, we read rather a lot of creative website descriptions and are often guilty of forming an instant dislike toward a company and their products, due to a plethora of guff. But with Finsbury, our kneejerk reaction was to nod approval at the sense of solid stability generated by their unashamedly big sentence. In the investment sector, this is how it should be, justifying our distain toward those companies who trumpet their credentials in the Blockchain and Crypto fields.

 

With regard the company share price, we’re currently a little less enthusiastic as weakness below 798p looks perfectly capable of provoking reversal to an initial 780p with secondary, if broken, at 742p. The secondary is something of a concern as it has the potential of taking the price below the Red uptrend since the pandemic drop of 2020. This creates the situation where should 742p break, we shall be forced to introduce 678p as a longer term drop target.

However, we note the share price need only close a session above 820p to nonsense these drop potentials.

On a brighter note, the share price moving above 850p will be taken as significant, allowing price recovery to an initial 885p with secondary, if beaten, at 935p. Such a price level meets a natural high which has formed since 2019 and hopefully, this time with a 3rd jab at the level will finally allow an upward attempt at a new all time high, calculating at an eventual 1058p.

Alas, with the feel of the markets at present, we suspect this FTSE 250 component shall be doomed to visit the 742p level.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:30:20PM BRENT 82.78 ‘cess
9:32:21PM GOLD 1622.51 1621 1614 1603 1631 1649 1661 1674 1639 ‘cess
9:33:56PM FTSE 7002.07
9:35:40PM STOX50 3342.4
9:37:28PM GERMANY 12216
9:39:06PM US500 3654.12 3643 3626 3596 3676 3716 3736 3767 3687
9:40:46PM DOW 29268
9:42:39PM NASDAQ 11253
9:44:35PM JAPAN 26548

 

26/09/2022 FTSE Closed at 7020 points. Change of 0.03%. Total value traded through LSE was: £ 6,572,681,049 a change of 1.53%
23/09/2022 FTSE Closed at 7018 points. Change of -1.97%. Total value traded through LSE was: £ 6,473,438,666 a change of 23.11%
22/09/2022 FTSE Closed at 7159 points. Change of -1.08%. Total value traded through LSE was: £ 5,258,363,393 a change of -10.68%
21/09/2022 FTSE Closed at 7237 points. Change of 0.63%. Total value traded through LSE was: £ 5,887,379,129 a change of 9.29%
20/09/2022 FTSE Closed at 7192 points. Change of -0.61%. Total value traded through LSE was: £ 5,386,737,074 a change of -59.64%
16/09/2022 FTSE Closed at 7236 points. Change of -0.63%. Total value traded through LSE was: £ 13,346,961,271 a change of 170.28%
15/09/2022 FTSE Closed at 7282 points. Change of -100%. Total value traded through LSE was: £ 4,938,182,265 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:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:EZJ EasyJet** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:NG. National Glib** **LSE:PHP Primary Health** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

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Updated charts published on : Asos, Barrett Devs, British Telecom, Caspian, EasyJet, Genel, Gulf Keystone, HSBC, British Airways, National Glib, Primary Health, Royal Mail, Sainsbury, Tesco, Taylor Wimpey, Vodafone,

LSE:ASC Asos. Close Mid-Price: 625 Percentage Change: + 3.99% Day High: 625.5 Day Low: 581

Weakness on Asos below 581 will invariably lead to 559 with secondary 494 ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 385.2 Percentage Change: -5.12% Day High: 400.9 Day Low: 383.9

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LSE:BT.A British Telecom Close Mid-Price: 127.7 Percentage Change: -1.66% Day High: 130.05 Day Low: 125.85

Target met. Weakness on British Telecom below 125.85 will invariably lead ……..

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LSE:CASP Caspian. Close Mid-Price: 3 Percentage Change: + 1.69% Day High: 3.15 Day Low: 2.85

If Caspian experiences continued weakness below 2.85, it will invariably ……..

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LSE:EZJ EasyJet Close Mid-Price: 301.6 Percentage Change: -1.63% Day High: 309.1 Day Low: 294.4

Continued weakness against EZJ taking the price below 294.4 calculates as ……..

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LSE:GENL Genel Close Mid-Price: 121 Percentage Change: -2.26% Day High: 122.6 Day Low: 116.4

In the event Genel experiences weakness below 116.4 it calculates with a ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 197.4 Percentage Change: -1.10% Day High: 199.8 Day Low: 190

If Gulf Keystone experiences continued weakness below 190, it will invari ……..

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LSE:HSBA HSBC Close Mid-Price: 501.6 Percentage Change: -1.65% Day High: 506 Day Low: 492

Weakness on HSBC below 492 will invariably lead to 464 and a hopeful boun ……..

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LSE:IAG British Airways. Close Mid-Price: 101.26 Percentage Change: + 0.94% Day High: 102.68 Day Low: 98.98

If British Airways experiences continued weakness below 98.98, it will i ……..

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LSE:NG. National Glib Close Mid-Price: 988.2 Percentage Change: -2.45% Day High: 1016 Day Low: 970

If National Glib experiences continued weakness below 970, it will invari ……..

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LSE:PHP Primary Health Close Mid-Price: 116.5 Percentage Change: -3.32% Day High: 122.5 Day Low: 115.5

Target met. Weakness on Primary Health below 115.5 will invariably lead t ……..

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LSE:RMG Royal Mail Close Mid-Price: 195.85 Percentage Change: -0.31% Day High: 199.85 Day Low: 192.95

In the event Royal Mail experiences weakness below 192.95 it calculates w ……..

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LSE:SBRY Sainsbury Close Mid-Price: 191.45 Percentage Change: -0.78% Day High: 195 Day Low: 190.1

Target met. If Sainsbury experiences continued weakness below 190.1, it w ……..

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LSE:TSCO Tesco Close Mid-Price: 217.6 Percentage Change: -1.18% Day High: 221.4 Day Low: 215.1

Target met. Weakness on Tesco below 215.1 will invariably lead to 211 wit ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 95.84 Percentage Change: -7.09% Day High: 101.05 Day Low: 95.26

Target met. If Taylor Wimpey experiences continued weakness below 95.26, ……..

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LSE:VOD Vodafone Close Mid-Price: 106.66 Percentage Change: -1.35% Day High: 109.8 Day Low: 105.68

Continued weakness against VOD taking the price below 105.68 calculates a ……..

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

Barclays

#Brent #Dax

Somewhat half heartedly, Barclays apparently triggered a recovery cycle to the 200p level a couple of weeks ago. Alas, the share price failed to complete the job, failing to close a session above 174p, instead – somewhat spitefully – opting to close at a high of just 173.96p. By 4/100th of a penny, it carefully avoiding committing to a trigger level, an utterly frustrating movement.

This sort of thing would be funny, if it weren’t real people with real money being played with. At least the price shuffle effectively confirmed we’d been following the correct trend, despite the market pushing us to the edge of a temper tantrum. Unfortunately, in the period since, the share price has found itself under threat by wider market influences (aka, interest rates, inflation, Russia).

 

Presently trading around 161.86p, the immediate situation suggests weakness below 160.5p risks triggering reversals to an initial 155.3p with secondary, if broken, at 150p and a very probable bounce. This “threat” of a bounce is further compounded by the present a the Red uptrend since the pandemic low of March 2020. It’s also quite important such a level justifies a bounce, thanks to a very real implication of a further 1/3 drop to an eventual ridiculous looking 100p!

 

There’s a bit of a however, thanks to the current market wide series of reversals all feeling a bit contrived. We harbour a suspicion the series of reversals shall suddenly cease, potentially by the time the FTSE troubles the 6,700 level. Hopefully, this shall tie in quite neatly with Barclays hitting the 150p level.

Amusingly, from a near term perspective, Barclays share price need only exceed 167p to once again give the prospect of a visit to 174p. Closing above this level remains utterly crucial for longer term hope, recovery to 198p with secondary 202p remaining very possible. The close proximity of this pair of targets tends suggest a stumble should be expected around such a level. Visually, this would make sense given the previous highs at the start of this year.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
8:56:48PM BRENT 85.86 84.65 83.75 82.1 85.66 85.92 86.47 87.06 85.24
8:58:36PM GOLD 1644.01 1667
9:01:01PM FTSE 7030.07 7010
9:03:42PM STOX50 3359.2 3347
9:05:38PM GERMANY 12311 12232 12193 12137 12296 12384 12456 12549 12274
9:08:38PM US500 3696 3700
9:12:38PM DOW 29607 29630
9:14:48PM NASDAQ 11317 11414
9:17:46PM JAPAN 26628 26605

 

23/09/2022 FTSE Closed at 7018 points. Change of -1.97%. Total value traded through LSE was: £ 6,473,438,666 a change of 23.11%
22/09/2022 FTSE Closed at 7159 points. Change of -1.08%. Total value traded through LSE was: £ 5,258,363,393 a change of -10.68%
21/09/2022 FTSE Closed at 7237 points. Change of 0.63%. Total value traded through LSE was: £ 5,887,379,129 a change of 9.29%
20/09/2022 FTSE Closed at 7192 points. Change of -0.61%. Total value traded through LSE was: £ 5,386,737,074 a change of -59.64%
16/09/2022 FTSE Closed at 7236 points. Change of -0.63%. Total value traded through LSE was: £ 13,346,961,271 a change of 170.28%
15/09/2022 FTSE Closed at 7282 points. Change of 0.07%. Total value traded through LSE was: £ 4,938,182,265 a change of -14.27%
14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%

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:AML Aston Martin** **LSE:ASC Asos** **LSE:BT.A British Telecom** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:GKP Gulf Keystone** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:RMG Royal Mail** **LSE:SPX Spirax** **LSE:TERN Tern Plc** **LSE:TSCO Tesco** **

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Updated charts published on : AFC Energy, Aston Martin, Asos, British Telecom, Darktrace Plc, EasyJet, Gulf Keystone, British Airways, IG Group, Intercontinental Hotels Group, ITM Power, Intertek, ITV, Just Eat, Marks and Spencer, National Glib, Ocado Plc, Oxford Instruments, Primary Health, Royal Mail, Spirax, Tern Plc, Tesco,

LSE:AFC AFC Energy Close Mid-Price: 17.98 Percentage Change: -4.36% Day High: 19.6 Day Low: 17.5

Target met. If AFC Energy experiences continued weakness below 17.5, it w ……..

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LSE:AML Aston Martin Close Mid-Price: 143.7 Percentage Change: -3.69% Day High: 146 Day Low: 133.25

Weakness on Aston Martin below 133.25 will invariably lead to 132.5 with ……..

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LSE:ASC Asos Close Mid-Price: 601 Percentage Change: -6.53% Day High: 653.5 Day Low: 602.5

Continued weakness against ASC taking the price below 602.5 calculates as ……..

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LSE:BT.A British Telecom Close Mid-Price: 129.85 Percentage Change: -3.46% Day High: 135.7 Day Low: 129.15

In the event British Telecom experiences weakness below 129.15 it calcula ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 303.2 Percentage Change: -3.35% Day High: 322.2 Day Low: 297.6

If Darktrace Plc experiences continued weakness below 297.6, it will inva ……..

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LSE:EZJ EasyJet Close Mid-Price: 306.6 Percentage Change: -4.90% Day High: 328.2 Day Low: 304.6

Target met. Weakness on EasyJet below 304.6 will invariably lead to 281 w ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 199.6 Percentage Change: -7.81% Day High: 221 Day Low: 197.8

Continued weakness against GKP taking the price below 197.8 calculates as ……..

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LSE:IAG British Airways Close Mid-Price: 100.32 Percentage Change: -1.94% Day High: 104.5 Day Low: 99.33

Target met. In the event British Airways experiences weakness below 99.3 ……..

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LSE:IGG IG Group. Close Mid-Price: 758.5 Percentage Change: + 0.20% Day High: 767 Day Low: 751

Weakness on IG Group below 751 will invariably lead to 717 with secondary ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4275 Percentage Change: -1.79% Day High: 4332 Day Low: 4224

In the event Intercontinental Hotels Group experiences weakness below 422 ……..

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LSE:ITM ITM Power Close Mid-Price: 101.65 Percentage Change: -5.40% Day High: 107.65 Day Low: 97.54

Target met. Weakness on ITM Power below 97.54 will invariably lead to 80 ……..

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LSE:ITRK Intertek. Close Mid-Price: 3761 Percentage Change: + 1.35% Day High: 3793 Day Low: 3671

Continued weakness against ITRK taking the price below 3671 calculates as ……..

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LSE:ITV ITV Close Mid-Price: 60.64 Percentage Change: -3.75% Day High: 63.34 Day Low: 59.92

Target met. In the event ITV experiences weakness below 59.92 it calculat ……..

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LSE:JET Just Eat Close Mid-Price: 1279.8 Percentage Change: -4.35% Day High: 1341.2 Day Low: 1274

If Just Eat experiences continued weakness below 1274, it will invariably ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 106.55 Percentage Change: -3.49% Day High: 113.2 Day Low: 106.25

Continued weakness against MKS taking the price below 106.25 calculates a ……..

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LSE:NG. National Glib Close Mid-Price: 1013 Percentage Change: -1.36% Day High: 1034 Day Low: 989

In the event National Glib experiences weakness below 989 it calculates w ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 553.4 Percentage Change: -0.75% Day High: 566.8 Day Low: 540.6

Target met. Weakness on Ocado Plc below 540.6 will invariably lead to 515 ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 1838 Percentage Change: -2.75% Day High: 1894 Day Low: 1770

Target met. In the event Oxford Instruments experiences weakness below 17 ……..

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LSE:PHP Primary Health Close Mid-Price: 120.5 Percentage Change: -2.43% Day High: 123.7 Day Low: 118.8

Target met. If Primary Health experiences continued weakness below 118.8, ……..

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LSE:RMG Royal Mail Close Mid-Price: 196.45 Percentage Change: -3.98% Day High: 208.3 Day Low: 195.15

Target met. Weakness on Royal Mail below 195.15 will invariably lead to 1 ……..

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LSE:SPX Spirax Close Mid-Price: 9806 Percentage Change: -0.67% Day High: 9988 Day Low: 9448

Continued weakness against SPX taking the price below 9448 calculates as ……..

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LSE:TERN Tern Plc Close Mid-Price: 9.25 Percentage Change: -9.84% Day High: 9.5 Day Low: 8.25

Target met. In the event Tern Plc experiences weakness below 8.25 it calc ……..

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LSE:TSCO Tesco Close Mid-Price: 220.2 Percentage Change: -3.00% Day High: 228.2 Day Low: 219.5

Target met. If Tesco experiences continued weakness below 219.5, it will ……..

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

Our FTSE for Friday. And no Crunchie

#FTSE #Gold

Sometimes it feels like there’s a tedious campaign by the great and the good to trash the markets. The current vehicles of choice, interest rates & inflation, are rising while central banks announce some countries may already be in recession. Which, obviously, is a bad thing! It begs the question, just what the heck is going on?

Increasing interest rates obviously provokes a knock-on for inflation. Increasing prices ensure people buy less, along with the poorer sectors of society finding themselves in trouble and requiring support from the appropriate agencies. No-one seems to actually benefit from increased interest rates, yet they are been promoted as a tool to tackle inflation despite the converse being patently true. Perhaps it’s the case central treasuries want to force up prices to the point where people stop buying, forcing companies out of business, creating a shortage of product.

Whatever is going on feels like a dodgy tape player, where the music slows down, then suddenly speeds up until the track catches up with the loose tape. Maybe it’s “just” payback for the effective 18 month holiday many folk enjoyed during the pandemic. Any logic currently being applied has too many holes to make sense, except perhaps one. Rising prices mean rising VAT revenue for the government, a nice little earner generating quick cash flow to the treasury. Successive UK parliaments failed to wind back the “temporary” VAT rise to 20%, inflicted following the financial collapse of 2009, the nation becoming resigned to this stealthy “tax on profit”. Could it be the case interest rates & inflation are being viewed as a good thing, unfortunately by the wrong people; politicians?

 

As for the FTSE, the UK market has finally reached the end of the road, the index value closing below the Red uptrend which dates back to the day of the pandemic drop. We’ve run out of last ditch lows to gear this uptrend against and, as the inset highlights, it’d be daft to pretend any optimism. The immediate situation feels fairly painful.

Currently, weakness below 7149 points calculates with the potential of reversal to 7109 points. If broken, our secondary works out at 7036 points, hopefully with a bounce. If triggered, the tightest stop is at 7194 points, surprisingly tight given the haul of points allegedly on offer. Please remember, we are discussing the FTSE, not after hours futures.

As always, following a confused day of weakness, there’s the immediate threat of surprise recovery! In the case of the FTSE, above 7194 should apparently prove capable of an initial boring 7212 points. If bettered, our secondary works out at 7238 points, a price level where there’s an amazing third stage of movement possible, giving a further 100 point gain. However, we cannot, and should not, ignore the reality of the FTSE closing below the Red uptrend as this makes us suspect the worst.

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
9:28:09PM BRENT 89.58 88.48 87.09 90.12 91.93 93.49 90.28
9:30:21PM GOLD 1671.51 1664 1653 1674 1685 1691 1671
9:32:26PM FTSE 7181.11 7137 7109 7199 7244 7282 7197 ‘cess
9:34:19PM STOX50 3443.3 3407 3388 3431 3495 3510 3464
9:36:12PM GERMANY 12588 12516 12424 12590 12784 12828 12688
9:39:25PM US500 3758 3745 3728 3789 3817 3833 3774 Shambles
9:44:16PM DOW 30110 29954 29802 30326 30521 30653 30137
9:46:47PM NASDAQ 11494 11438 11330 11617 11727 11807 11607 ‘cess
9:48:56PM JAPAN 27035 26901 26718 27141 27399 27477 27177

 

22/09/2022 FTSE Closed at 7159 points. Change of -1.08%. Total value traded through LSE was: £ 5,258,363,393 a change of -10.68%
21/09/2022 FTSE Closed at 7237 points. Change of 0.63%. Total value traded through LSE was: £ 5,887,379,129 a change of 9.29%
20/09/2022 FTSE Closed at 7192 points. Change of -0.61%. Total value traded through LSE was: £ 5,386,737,074 a change of -59.64%
16/09/2022 FTSE Closed at 7236 points. Change of -0.63%. Total value traded through LSE was: £ 13,346,961,271 a change of 170.28%
15/09/2022 FTSE Closed at 7282 points. Change of 0.07%. Total value traded through LSE was: £ 4,938,182,265 a change of -14.27%
14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%
13/09/2022 FTSE Closed at 7385 points. Change of -100%. Total value traded through LSE was: £ 5,116,295,478 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:AFC AFC Energy** **LSE:BT.A British Telecom** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITRK Intertek** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **

********

Updated charts published on : AFC Energy, British Telecom, Darktrace Plc, EasyJet, Hikma, British Airways, IG Group, Intertek, Marks and Spencer, Ocado Plc, Primary Health, Royal Mail, Sainsbury, Spirax,

LSE:AFC AFC Energy Close Mid-Price: 18.8 Percentage Change: -12.15% Day High: 20.64 Day Low: 18.6

This is not terribly encouraging as weakness below 18.6 still looks capabl ……..

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LSE:BT.A British Telecom Close Mid-Price: 134.5 Percentage Change: -0.41% Day High: 135.3 Day Low: 133.5

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LSE:DARK Darktrace Plc Close Mid-Price: 313.7 Percentage Change: -11.31% Day High: 355.5 Day Low: 313

Weakness on Darktrace Plc below 313 will invariably lead to 286 next, a fa ……..

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LSE:EZJ EasyJet Close Mid-Price: 322.4 Percentage Change: -5.43% Day High: 333.8 Day Low: 324.2

Target Met. Now below 324 looks capable of 312 next with secondary, if bro ……..

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LSE:HIK Hikma Close Mid-Price: 1199.5 Percentage Change: -0.87% Day High: 1209.5 Day Low: 1179

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LSE:IAG British Airways Close Mid-Price: 102.3 Percentage Change: -2.39% Day High: 104.28 Day Low: 101.64

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LSE:IGG IG Group Close Mid-Price: 757 Percentage Change: -4.30% Day High: 771 Day Low: 753

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LSE:ITRK Intertek Close Mid-Price: 3711 Percentage Change: -4.28% Day High: 3837 Day Low: 3714

Target Met. If Intertek experiences continued weakness below 3714, it will ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 110.4 Percentage Change: -0.45% Day High: 112.35 Day Low: 109.5

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LSE:OCDO Ocado Plc Close Mid-Price: 557.6 Percentage Change: -3.03% Day High: 576.4 Day Low: 549.4

Target Met. Below 549 still points at 543 next. However, should this level ……..

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LSE:PHP Primary Health Close Mid-Price: 123.5 Percentage Change: -4.19% Day High: 128.4 Day Low: 123.8

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LSE:RMG Royal Mail Close Mid-Price: 204.6 Percentage Change: -4.79% Day High: 214.4 Day Low: 202.8

Target Met. Continued weakness against RMG taking the price below 202 calc ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 195.7 Percentage Change: + 0.46% Day High: 197.45 Day Low: 192.9

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LSE:SPX Spirax Close Mid-Price: 9872 Percentage Change: -4.71% Day High: 10360 Day Low: 9892

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

Will Rolls Royce Holdings Plc ever fly?

Rolls Royce Holdings Plc (LSE:RR.)

One of the trite sayings attributed to Warren Buffet goes along the lines of; “If you’re not willing to buy a share and wait 10 years, don’t dare buying one for just a 10 minute trade!” Blue chip share Rolls Royce is tending prove this statement, many folk assuming the 100p level would prove sacrosanct. Alas, this has not been the case and now, it’s getting as worrying as your next electricity bill.

Whatever is going on with Rolls Royce share price is all very strange. We’d assumed with Covid restrictions easing and jets once again flying, Rolls Royce share price would move in sympathy with the growth in air miles being covered. This assumption has obviously proven incorrect, the share price now trading in a zone where we can calculate an “ultimate bottom” around 24p, this representing a price level below which we cannot calculate.

Additionally, with Rolls Royce creating a new facility in France to produce engines for Dassaults shiny new Falcon 10X flagship, common sense indicated some optimism should enter the marketplace and affect the share price. It didn’t!

And then, there’s the hype around Rolls Royce and their new mini nuclear plants, produced on a modular basis and recently announced as being deployed in the Netherlands as the heart of the countries climate and energy policy for the future. It’s all looking quite exciting for the future, especially as the reactors (just 16 metres by 4 metres) are reckoned to enjoy a lifetime of around 60 years.

Despite this plethora of potentials, we’re pretty far from confident about Rolls Royce share price potentials for the immediate future, the share price requiring to close a session above 84p just to give a modicum of hope for positive movements. In the face of a stock market which feels determined to discover how far down RR can be pushed. Currently, below just 73p calculates with the potential of reversal now to an initial 60p with secondary, if broken, at 54p. Some slight hope can be taken from the close proximity of these target levels as generally, this will signify a zone in which a bounce can be anticipated. The share price requires below 54p to enter the Last Chance Salon, an area with an eventual ridiculous looking 24p awaiting.

What feels distinctly silly is giving such a negative outlook against a company which appears to show strong positives for the future. Perhaps Mr Buffets 10 year rule shall prove firmly embedded in reality.

 

To dwell briefly on the positive side of life, above 84p is supposed to provoke recovery to an initial 92p, exceeding the immediate Blue downtrend. Our secondary, if such a level is bettered, works out at 102p but, our rule of “Higher Highs” takes the price into a zone where a longer term ambition at 149p calculates as very possible.

In summary, we don’t expect a visit to 24p, instead thinking this shall prove worth watching for the 60p area making itself known. Like many shares, it’s currently worth watching but perhaps cover your eyes loosely.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:10:03PM BRENT 89.53
9:13:41PM GOLD 1674.38 ‘cess
9:16:38PM FTSE 7199 7175 7162 7123 7206 7260 7278 7319 7224 Success
9:18:46PM STOX50 3448.3 ‘cess
9:24:57PM GERMANY 12589 Success
9:27:42PM US500 3779 ‘cess
9:30:28PM DOW 30131 ‘cess
9:33:00PM NASDAQ 11593 11572 11557 11115 11702 11734 11764 11827 11651 ‘cess
9:35:33PM JAPAN 27105 ‘cess

 

21/09/2022 FTSE Closed at 7237 points. Change of 0.63%. Total value traded through LSE was: £ 5,887,379,129 a change of 9.29%
20/09/2022 FTSE Closed at 7192 points. Change of -0.61%. Total value traded through LSE was: £ 5,386,737,074 a change of -59.64%
16/09/2022 FTSE Closed at 7236 points. Change of -0.63%. Total value traded through LSE was: £ 13,346,961,271 a change of 170.28%
15/09/2022 FTSE Closed at 7282 points. Change of 0.07%. Total value traded through LSE was: £ 4,938,182,265 a change of -14.27%
14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%
13/09/2022 FTSE Closed at 7385 points. Change of -1.18%. Total value traded through LSE was: £ 5,116,295,478 a change of -13.94%
12/09/2022 FTSE Closed at 7473 points. Change of -100%. Total value traded through LSE was: £ 5,944,877,720 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:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBX Cellular Goods** **LSE:DARK Darktrace Plc** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:OCDO Ocado Plc** **LSE:SPX Spirax** **

********

Updated charts published on : British Telecom, Carclo, Caspian, Cellular Goods, Darktrace Plc, Hikma, British Airways, Intertek, Just Eat, Lloyds Grp., Ocado Plc, Spirax,

LSE:BT.A British Telecom Close Mid-Price: 135.05 Percentage Change: -1.39% Day High: 137.4 Day Low: 134.05

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LSE:CAR Carclo Close Mid-Price: 16.95 Percentage Change: -4.64% Day High: 0 Day Low: 0

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LSE:CASP Caspian Close Mid-Price: 2.9 Percentage Change: -1.69% Day High: 2.95 Day Low: 2.9

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LSE:CBX Cellular Goods. Close Mid-Price: 2.2 Percentage Change: + 22.22% Day High: 2.45 Day Low: 1.8

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LSE:DARK Darktrace Plc. Close Mid-Price: 353.7 Percentage Change: + 1.38% Day High: 357 Day Low: 341.1

Weakness on Darktrace Plc below 341.1 will invariably lead to 286 next, a ……..

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LSE:HIK Hikma Close Mid-Price: 1210 Percentage Change: -1.71% Day High: 1242.5 Day Low: 1209.5

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LSE:IAG British Airways Close Mid-Price: 104.8 Percentage Change: -3.27% Day High: 106.94 Day Low: 103.92

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LSE:ITRK Intertek. Close Mid-Price: 3877 Percentage Change: + 1.47% Day High: 3871 Day Low: 3797

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LSE:JET Just Eat. Close Mid-Price: 1399.6 Percentage Change: + 1.04% Day High: 1405 Day Low: 1329.8

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LSE:LLOY Lloyds Grp. Close Mid-Price: 48.47 Percentage Change: -1.09% Day High: 49.84 Day Low: 47.44

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LSE:OCDO Ocado Plc Close Mid-Price: 575 Percentage Change: -5.18% Day High: 604 Day Low: 574.4

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LSE:SPX Spirax. Close Mid-Price: 10360 Percentage Change: + 2.93% Day High: 10400 Day Low: 9928

Weakness on Spirax below 9928 will invariably lead to 9211 with secondary ……..

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

Frasers Group Plc & updated Bitcoin thoughts

#Gold #SP500

Due to my little bout of leukaemia (incurable but treatable), I’ve become used to being singled out, when called in for Covid-19 vaccines. However, today brought a shock. The village hall had a Vaccine Day and I hadn’t been called! Popping along revealed a pleasant truth; it was “Only For Grown Ups.” It’s quite nice to discover I was too young for something, the current vaccine only being given to Over 65’s.

Another thing we currently suspect as being “Only For Grown Ups” is Bitcoin and the chart illustrates, quite clearly, why. The crypto has formed a Glass Floor just above the 18,700 level and is behaving badly, almost as if it’s trying to convince folk this level is impermeable. Our suspicion remains of the crypto lying in wait, the market planning a “Gotcha Suckers” movement with closure below 18,700 making reversal to 16,200 with secondary, if (when) broken at a bottom around 12,900 dollars.

Remember, Bitcoin appeared to stabilise between 40k & 50k for three months at the start of this year, then fell sharply. It also stabilised between 60 & 70k for a couple of months at the end of 2021. We’re far from convinced the current four month period of “stability” between 20 & 25k shall assure the market a bottom has been found and, literally daily, now expect to see yet another “gotcha” drop.

On the bright side, we do anticipate a reasonable bounce if the $13,000 level makes itself known.

 

Frasers Group Plc  Frasers share price is presenting a bit of a puzzle currently. A couple of pretty significant news items fuelled a suspicion of happier times coming but the reality looks quite different. Perhaps Mr Ashley stepping down from the board is a bad thing, along with other news the company is returning to the FTSE 100. A chair at the top table of the UK market has been created, due to Meggitt being bought over by US defence giant Parker Hannifin.

Maybe it’s the case the market regards the retail market as facing challenging conditions, due to ridiculous inflation coupled with an expected recession impacting company profit margins.

For now, the visuals suggest ongoing weakness below 765p shall promote the potential of share price reversal to an initial 688p. Should such a price level break, our secondary presents a major issue as it calculates down at 576p, along with a break of the uptrend since 2020. Movement like this effectively risks triggering a “Big Picture” scenario, along with the potential of reversal commencing to an eventual bottom around 202p.

We’d love to say this drop target is ridiculous but a glance at the chart below reveals an unpleasant reality. It has been there, done that, and there’s no rule inhibiting it happening again. Well, perhaps that’s wrong as their share price need only exceed 866p to turn this miserable outlook into a pile of tosh.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:19:13PM BRENT 90.17 Shambles
10:21:02PM GOLD 1665.38 1659 1653 1645 1668 1680 1684 1692 1670
10:23:27PM FTSE 7194 Success
10:25:46PM STOX50 3464 Success
10:28:09PM GERMANY 12653 Shambles
10:29:59PM US500 3862 3826 3803 3765 3890 3920 3950 3990 3893 ‘cess
10:31:52PM DOW 30746 ‘cess
10:34:23PM NASDAQ 11876
10:36:45PM JAPAN 27453 Success

 

20/09/2022 FTSE Closed at 7192 points. Change of -0.61%. Total value traded through LSE was: £ 5,386,737,074 a change of -59.64%
16/09/2022 FTSE Closed at 7236 points. Change of -0.63%. Total value traded through LSE was: £ 13,346,961,271 a change of 170.28%
15/09/2022 FTSE Closed at 7282 points. Change of 0.07%. Total value traded through LSE was: £ 4,938,182,265 a change of -14.27%
14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%
13/09/2022 FTSE Closed at 7385 points. Change of -1.18%. Total value traded through LSE was: £ 5,116,295,478 a change of -13.94%
12/09/2022 FTSE Closed at 7473 points. Change of 1.66%. Total value traded through LSE was: £ 5,944,877,720 a change of 11.08%
9/09/2022 FTSE Closed at 7351 points. Change of -100%. Total value traded through LSE was: £ 5,351,894,776 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:BT.A British Telecom** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:PPC President Energy** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:TSCO Tesco** **

********

Updated charts published on : Asos, British Telecom, IG Group, ITM Power, Intertek, Lloyds Grp., Marks and Spencer, National Glib, Ocado Plc, Primary Health, President Energy, Royal Mail, Sainsbury, Spirax, Tesco,

LSE:ASC Asos. Close Mid-Price: 639.5 Percentage Change: + 1.19% Day High: 643.5 Day Low: 605.5

If Asos experiences continued weakness below 605.5, it will invariably le ……..

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LSE:BT.A British Telecom Close Mid-Price: 136.95 Percentage Change: -1.51% Day High: 141.35 Day Low: 136.55

Continued weakness against BT.A taking the price below 136.55 calculates ……..

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LSE:IGG IG Group Close Mid-Price: 784 Percentage Change: -1.01% Day High: 798 Day Low: 780

Continued weakness against IGG taking the price below 780 calculates as l ……..

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LSE:ITM ITM Power Close Mid-Price: 109.95 Percentage Change: -4.47% Day High: 116.6 Day Low: 105.25

If ITM Power experiences continued weakness below 105.25, it will invaria ……..

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LSE:ITRK Intertek Close Mid-Price: 3821 Percentage Change: -1.95% Day High: 3923 Day Low: 3828

Weakness on Intertek below 3828 will invariably lead to 3806 with seconda ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 49 Percentage Change: + 2.50% Day High: 48.98 Day Low: 48.04

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LSE:MKS Marks and Spencer Close Mid-Price: 111.75 Percentage Change: -2.23% Day High: 115.5 Day Low: 110.8

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LSE:NG. National Glib Close Mid-Price: 1019 Percentage Change: -1.64% Day High: 1047 Day Low: 1016.5

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LSE:OCDO Ocado Plc Close Mid-Price: 606.4 Percentage Change: -9.63% Day High: 674.2 Day Low: 603.6

Target met. Continued weakness against OCDO taking the price below 603.6 ……..

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LSE:PHP Primary Health Close Mid-Price: 128.8 Percentage Change: -2.57% Day High: 132.4 Day Low: 127

Continued weakness against PHP taking the price below 127 calculates as l ……..

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LSE:PPC President Energy. Close Mid-Price: 1.15 Percentage Change: + 2.22% Day High: 1.15 Day Low: 1.07

Target met. If President Energy experiences continued weakness below 1.07 ……..

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LSE:RMG Royal Mail Close Mid-Price: 214.4 Percentage Change: -6.66% Day High: 233.1 Day Low: 211.6

Continued weakness against RMG taking the price below 211.6 calculates as ……..

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LSE:SBRY Sainsbury Close Mid-Price: 194.2 Percentage Change: -4.24% Day High: 204.6 Day Low: 193.8

Target met. In the event Sainsbury experiences weakness below 193.8 it ca ……..

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LSE:SPX Spirax Close Mid-Price: 10065 Percentage Change: -0.05% Day High: 10185 Day Low: 9962

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LSE:TSCO Tesco Close Mid-Price: 224.1 Percentage Change: -3.20% Day High: 233.4 Day Low: 222.9

In the event Tesco experiences weakness below 222.9 it calculates with a ……..

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

Natwest Group Plc and a new era?

#Brent #Dax

The final bank holiday Monday of 2022 provoked quite a poignant mood with many watching the end of an era slowly drive past on telly in perfectly choreographed dignity. It all begs the question, are we about to witness the birth of a new UK, one finally freeing itself from a fondness of adhering to history? Or does the country face more of the same, a media intent of protecting the way things have always been.

The reason for such a whimsical approach stems from politics. Many folk have come to believe the charade of a General Election every few years actually changes nothing as, when it comes down to it, the practical difference between the two major parties in the UK are minimal as once in power, the lure of the trough assumes over-riding importance. Even for the 3rd party in parliament, the SNP, their members appear more interested in expense receipts than the country they are supposed to represent. Perhaps, a change in Monarch shall finally provide a shake up at the heart of the UK or perhaps, we shall discover some reality behind the nursery rhyme ‘Sing A Song Of Sixpence’ words;

“The King is in his counting house, counting out his money…”

Of course, maybe recent news of countries opting to abandon Covid-19 protocols, declaring happy days are here again, shall suffice to allow optimism.

 

We hope for a change of mood, especially considering the moribund nature of the banking sector. Three weeks ago, when we covered Natwest, we very real concerns if the markets started playing games with price manipulation gaps in regard to Natwest share price. Suffice to say, the last three weeks has been terrible, the plethora of gaps now requiring some major dentistry if they are to be covered up!

The Blue diagonal line on the chart extract below is pretty interesting (if you’re us) as it dates back to 2015. There can be little doubt the wider market also shares some fascination with this downtrend as it has been careful to manipulate Natwest share price above, then below, then above this trend during the last 6 weeks in a series of movements which must mean something. The first two we viewed as extremely dangerous, a pretty severe warning of dangerous times coming. Suddenly though, everything changed last Monday. The market opted to gap Natwest UP once again (right hand Red circle), exceeding the downtrend and once again propelling the share price into the realms of potential safety.

Do we understand what this means? Easy answer; Nope.

Does it generate any positive thoughts? A less easy answer is Yes, especially as this sojourn into the land of hope also has the potential of giving some glory! The market is clearly trying to manoeuvre Natwest price upward and this 7 year old downtrend is significant.

Thanks to a series of horribly complex reasons, the share price now needs close above 303p (currently, an immediate target level) to be seen as entering a recovery cycle to an initial 354p with secondary, if exceeded, a longer term 406p. Even visually, this argument actually makes some sense as it affords the share the chance of closing above the glass ceiling which has formed just below the 300p level during the last three years.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
10:36:58PM BRENT 90.86 87.6 86.03 85.05 88.7 91.64 92.76 94.48 90.61
10:40:15PM GOLD 1676.23 1672
10:42:09PM FTSE 7274 7241
10:43:42PM STOX50 3526.7 3496
10:45:21PM GERMANY 12893 12778 12743 12690 12846 12901 12944 12993 12854
10:47:39PM US500 3907.42 3885
10:49:17PM DOW 31060 30837
10:51:08PM NASDAQ 11965 11864
10:53:11PM JAPAN 27733 27639
16/09/2022 FTSE Closed at 7236 points. Change of -0.63%. Total value traded through LSE was: £ 13,346,961,271 a change of 170.28%
15/09/2022 FTSE Closed at 7282 points. Change of 0.07%. Total value traded through LSE was: £ 4,938,182,265 a change of -14.27%
14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%
13/09/2022 FTSE Closed at 7385 points. Change of -1.18%. Total value traded through LSE was: £ 5,116,295,478 a change of -13.94%
12/09/2022 FTSE Closed at 7473 points. Change of 1.66%. Total value traded through LSE was: £ 5,944,877,720 a change of 11.08%
9/09/2022 FTSE Closed at 7351 points. Change of 1.23%. Total value traded through LSE was: £ 5,351,894,776 a change of 1.51%
8/09/2022 FTSE Closed at 7262 points. Change of 0.35%. Total value traded through LSE was: £ 5,272,168,524 a change of -28.82%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:BBY BALFOUR BEATTY** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:PHP Primary Health** **LSE:RMG Royal Mail** **LSE:TSCO Tesco** **

********

Updated charts published on : Aston Martin, BALFOUR BEATTY, Lloyds Grp., Marks and Spencer, National Glib, Primary Health, Royal Mail, Tesco,

LSE:AML Aston Martin Close Mid-Price: 178.15 Percentage Change: -0.97% Day High: 187.95 Day Low: 165

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 334.4 Percentage Change: -1.42% Day High: 346.4 Day Low: 334.8

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 47.8 Percentage Change: + 0.39% Day High: 48.2 Day Low: 47.12

Further movement against Lloyds Grp. ABOVE 48.2 should improve accelerati ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 114.3 Percentage Change: -1.25% Day High: 116.25 Day Low: 113.2

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LSE:NG. National Glib. Close Mid-Price: 1036 Percentage Change: + 0.14% Day High: 1039.5 Day Low: 1025.5

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LSE:PHP Primary Health. Close Mid-Price: 132.2 Percentage Change: + 1.46% Day High: 132.6 Day Low: 128.6

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LSE:RMG Royal Mail Close Mid-Price: 229.7 Percentage Change: -8.08% Day High: 235.3 Day Low: 217.7

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LSE:TSCO Tesco Close Mid-Price: 231.5 Percentage Change: -0.22% Day High: 233.2 Day Low: 229.8

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

Our famed FTSE for Friday and Wall St too!

#FTSE #DOW

Miracles do happen. Sitting at my desk and turning on my chair, I knocked a full cup of coffee off the desk and somehow, it landed bottom down. The only problem, it was now missing half its contents as it clearly had spun in mid air, spraying coffee upward over my keyboard, my trousers, a monitor, and spitefully, my left shoe. The experience proved somewhat whimsical, sipping half a perfect coffee while cleaning the mess with kitchen towels.

If someone had told me the story, I’d have believed it impossible. But on further consideration, once it splashed half the contents everywhere, there was probably the perfect weight left to inhibit a bounce when it landed. If only the markets were as predictable…

 

Writing this with 30 minutes to go before Wall St closes, we’ve taken a look at the uptrend since the Pandemic Drop in March 2020 and can calculate Wall St needs close above 30,914 points to avoid breaking below Red on the chart, destroying a pretty trend line and exposing the index to the risk of reversal, potentially to a bottom just above the 25,000 level. This sort of thing chimes true with the virtual industry in the USA, all sagely predicting the markets are due a correction in the final quarter of this year. We’ve been quite hesitant at accepting their predictions as gospel but now, with closure below the trend line, it’s a reason to pause for thought.

The Big Picture (aka, not in one day) situation now suggests weakness below 30,882 points risks reversal to 29,158 points and a short lived bounce. Our secondary, when this target level breaks, works out at 27,970 points, presenting a price level where a rebound is ‘almost’ certain. But closure below such a target level risks the index finding its way down to 25,600 points eventually!

As can be assumed, for those with a nerdish frame of mind, this evening is “interesting”, particularly because it’s clear the US index has been playing an elaborate game of chicken with this trend line since 8.13 this evening, almost as if ‘they’ know folk are watching it closely.

Now, with just 17 minutes until the market closes plus another 15 minutes for them to sort themselves out, perhaps we’re about to witness the edge of a disaster. Or perhaps we’re about to witness a panic recovery on Wall St. The excitement in the office is palpable, like watching paint dry!

STOP PRESS: Wall St closed at 30,951 points, remaining in relative safety. The market does not appear ready to immolate itself just yet.

FTSE for Friday (FTSE:UKX) If the FTSE intends throw itself off a similar cliff to that which Wall St faces, it currently needs close below 7162 points to kick open the door marked winter. However, the immediate outlook for Friday isn’t rosy and the FTSE only needs below 7258 points to risk triggering reversal to an initial 7193 points. Should such a target level break, our secondary calculates at 7103 points, pretty firmly in the region where longer term trouble becomes possible. If triggered, the index needs above 7354 points to greatly diminish the reversal potentials.

 

If the FTSE intends any form of miracle recovery, above the aforementioned potential stop loss level of 7354 looks interesting, perhaps able to provoke market recovery to an initial 7403 points with secondary, if bettered, at an impossible (in the short term) looking 7553 points.

 

Have a good long weekend.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:37:41PM BRENT 90.25 89.52 88.66 90.42 91.16 91.695 90.44 ‘cess
9:40:09PM GOLD 1664.57 1660 1654 1667 1671 1674 1665 Success
9:42:11PM FTSE 7255 7251 7219 7300 7329 7356 7292
9:44:51PM STOX50 3528.8 3521 3496 3542 3585 3590 3555 ‘cess
9:46:57PM GERMANY 12904.34 12896 12867 12965 13113 13133 13050 ‘cess
9:49:34PM US500 3889 3886 3867 3926 3961 3976 3931 ‘cess
9:52:22PM DOW 30894 30864 30765 31166 31278 31435 31106
9:54:55PM NASDAQ 11892 11859 11828 12000 12190 12304 12122
9:57:13PM JAPAN 27658 27635 27240 27793 27930 28054 27803

 

15/09/2022 FTSE Closed at 7282 points. Change of 0.07%. Total value traded through LSE was: £ 4,938,182,265 a change of -14.27%
14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%
13/09/2022 FTSE Closed at 7385 points. Change of -1.18%. Total value traded through LSE was: £ 5,116,295,478 a change of -13.94%
12/09/2022 FTSE Closed at 7473 points. Change of 1.66%. Total value traded through LSE was: £ 5,944,877,720 a change of 11.08%
9/09/2022 FTSE Closed at 7351 points. Change of 1.23%. Total value traded through LSE was: £ 5,351,894,776 a change of 1.51%
8/09/2022 FTSE Closed at 7262 points. Change of 0.35%. Total value traded through LSE was: £ 5,272,168,524 a change of -28.82%
7/09/2022 FTSE Closed at 7237 points. Change of -0.86%. Total value traded through LSE was: £ 7,407,245,342 a change of 30.74%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:CCL Carnival** **LSE:HIK Hikma** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:PPC President Energy** **LSE:TSCO Tesco** **

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Updated charts published on : Aston Martin, Carnival, Hikma, Lloyds Grp., National Glib, Natwest, President Energy, Tesco,

LSE:AML Aston Martin. Close Mid-Price: 179.9 Percentage Change: + 17.05% Day High: 179.9 Day Low: 150.2

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LSE:CCL Carnival. Close Mid-Price: 832 Percentage Change: + 8.16% Day High: 844 Day Low: 785.6

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LSE:HIK Hikma Close Mid-Price: 1231.5 Percentage Change: -0.85% Day High: 1243 Day Low: 1212.5

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 47.62 Percentage Change: + 3.05% Day High: 47.89 Day Low: 46.38

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LSE:NG. National Glib Close Mid-Price: 1034.5 Percentage Change: -1.80% Day High: 1051 Day Low: 1030.5

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LSE:NWG Natwest. Close Mid-Price: 274.2 Percentage Change: + 1.67% Day High: 275.8 Day Low: 272.4

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LSE:PPC President Energy Close Mid-Price: 1.12 Percentage Change: -2.17% Day High: 1.15 Day Low: 1.12

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LSE:TSCO Tesco Close Mid-Price: 232 Percentage Change: -2.23% Day High: 238.9 Day Low: 230.9

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