{"id":4389,"date":"2023-07-21T00:37:41","date_gmt":"2023-07-20T23:37:41","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=4389"},"modified":"2023-07-21T00:37:41","modified_gmt":"2023-07-20T23:37:41","slug":"ftse-for-friday-ftseukx-and-the-weather-report","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2023\/07\/21\/ftse-for-friday-ftseukx-and-the-weather-report\/","title":{"rendered":"FTSE for FRIDAY (FTSE:UKX) and the weather report…"},"content":{"rendered":"

Our FTSE reports sometimes feel like the UK weather, mostly pretty dull in outlook but occasionally good news sneaks in. In ‘The Only Living Boy in New York’, Paul Simon sung; “I get all the news I need on the weather report”. Alas, nowadays even the weather report cannot be trusted, due to ‘them’ hyping up their headlines to generate internet views. Our preference of eschewing clickbait prose may make our words less exciting, but a desire to be correct without dramatics tends make sense. Plus, nowadays, who even pays attention to weather warnings?<\/span><\/p>\n

For a few weeks, we’ve been suffering daily weather outlooks which all suggest ‘Sunny with Showers’ and a high of 17c. In reality, some monsoon like conditions prevailed with the following day invariably dry and sunny. This hints weather forecasters are lying down, their feet in a freezer and head in an oven, declaring an outlook which is at best an average and thus, on balance correct.<\/span><\/p>\n

Thankfully, the markets are easier to predict. (That was a joke!)<\/span><\/p>\n

 <\/p>\n

For a few months, we’ve been moaning about the Blue line on the FTSE chart below, suspecting quite strongly it was going to prove important for the future. Today, Thursday 20th July, the FTSE managed to close a session above Blue, also managing a weak 4 points higher than the previous “high” in June. While we prefer our “higher highs” to exhibit more commitment than this, the fact it has occurred above what seems to be an important trend line gives considerable hope some positive movement is scheduled for the FTSE.<\/span><\/p>\n

As a result, above just 7670 points calculates as capable of promoting a lift toward 7739 points next, a price level at which there’s no immediate excuse to provide hesitation. Our longer term secondary ambition, if such a target is exceeded, works out at 7865 points, a fairly useful target which we strongly doubt shall be the work of a single day.<\/span><\/p>\n

 <\/p>\n

If everything intends go wrong, our converse scenario currently suggests weakness below 7596 risks causing some trouble, allowing for initial weakness to an unlikely looking 7534 points with secondary, if broken, at 7500 points.<\/span><\/p>\n

 <\/p>\n

Have a good weekend and hopefully the Grand Prix proves enjoyable, despite the organisers making another ridiculous attempt to make the Sunday race superfluous.<\/span><\/p>\n

 <\/p>\n

<\/p>\n

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FUTURES<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
Time Issued<\/span><\/td>\nMarket<\/span><\/td>\nPrice At Issue<\/span><\/td>\nShort Entry<\/span><\/td>\nFast Exit<\/span><\/td>\nSlow Exit<\/span><\/td>\nStop<\/span><\/td>\nLong Entry<\/span><\/td>\nFast Exit<\/span><\/td>\nSlow Exit<\/span><\/td>\nStop<\/span><\/td>\nPrior<\/span><\/td>\n<\/tr>\n
9:45:16PM<\/span><\/td>\nBRENT<\/span><\/td>\n7953.6<\/span><\/td>\n7851<\/span><\/td>\n7810<\/span><\/td>\n<\/td>\n7966<\/span><\/td>\n8010<\/span><\/td>\n8042<\/span><\/td>\n<\/td>\n7923<\/span><\/td>\n<\/td>\n<\/tr>\n
9:47:36PM<\/span><\/td>\nGOLD<\/span><\/td>\n1969.15<\/span><\/td>\n1964<\/span><\/td>\n1960<\/span><\/td>\n<\/td>\n1972<\/span><\/td>\n1984<\/span><\/td>\n1988<\/span><\/td>\n<\/td>\n1969<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
9:50:13PM<\/span><\/td>\nFTSE<\/span><\/td>\n7648.7<\/span><\/td>\n7565<\/span><\/td>\n7543<\/span><\/td>\n<\/td>\n7601<\/span><\/td>\n7653<\/span><\/td>\n7667<\/span><\/td>\n<\/td>\n7585<\/span><\/td>\n<\/td>\n<\/tr>\n
9:53:38PM<\/span><\/td>\nSTOX50<\/span><\/td>\n4358.3<\/span><\/td>\n4338<\/span><\/td>\n4322<\/span><\/td>\n<\/td>\n4367<\/span><\/td>\n4381<\/span><\/td>\n4389<\/span><\/td>\n<\/td>\n4361<\/span><\/td>\n<\/td>\n<\/tr>\n
9:56:35PM<\/span><\/td>\nGERMANY<\/span><\/td>\n16133.2<\/span><\/td>\n16033<\/span><\/td>\n15974<\/span><\/td>\n<\/td>\n16120<\/span><\/td>\n16184<\/span><\/td>\n16222<\/span><\/td>\n<\/td>\n16154<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
9:58:48PM<\/span><\/td>\nUS500<\/span><\/td>\n4536.9<\/span><\/td>\n4527<\/span><\/td>\n4512<\/span><\/td>\n<\/td>\n4541<\/span><\/td>\n4564<\/span><\/td>\n4573<\/span><\/td>\n<\/td>\n4544<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
10:01:04PM<\/span><\/td>\nDOW<\/span><\/td>\n35237.7<\/span><\/td>\n35176<\/span><\/td>\n35103<\/span><\/td>\n<\/td>\n35254<\/span><\/td>\n35372<\/span><\/td>\n35408<\/span><\/td>\n<\/td>\n35282<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
10:04:39PM<\/span><\/td>\nNASDAQ<\/span><\/td>\n15476<\/span><\/td>\n15427<\/span><\/td>\n15324<\/span><\/td>\n<\/td>\n15523<\/span><\/td>\n15507<\/span><\/td>\n15533<\/span><\/td>\n<\/td>\n15470<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

20\/07\/2023 FTSE Closed at 7646 points. Change of 0.76%. Total value traded through LSE was: \u00a3 5,384,109,244 a change of -16.08%<\/h5>\n
19\/07\/2023 FTSE Closed at 7588 points. Change of 1.81%. Total value traded through LSE was: \u00a3 6,416,071,113 a change of 56.65%<\/h5>\n
18\/07\/2023 FTSE Closed at 7453 points. Change of 0.63%. Total value traded through LSE was: \u00a3 4,095,812,024 a change of 3.79%<\/h5>\n
17\/07\/2023 FTSE Closed at 7406 points. Change of -0.38%. Total value traded through LSE was: \u00a3 3,946,111,838 a change of 6.88%<\/h5>\n
14\/07\/2023 FTSE Closed at 7434 points. Change of -0.08%. Total value traded through LSE was: \u00a3 3,691,976,999 a change of -20.65%<\/h5>\n
13\/07\/2023 FTSE Closed at 7440 points. Change of 0.32%. Total value traded through LSE was: \u00a3 4,652,935,320 a change of -35.19%<\/h5>\n
12\/07\/2023 FTSE Closed at 7416 points. Change of 1.84%. Total value traded through LSE was: \u00a3 7,179,397,183 a change of 76.59% <\/a><\/h5>\n

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.<\/span><\/span><\/p>\n

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 <\/span><\/span><\/p>\n

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.<\/span><\/span><\/p>\n

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.<\/span><\/span><\/p>\n

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…<\/p>\n

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Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares<\/h4>\n

<\/a>Click Epic to jump to share: LSE:ASC Asos** **LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:BLVN Bowleven** **LSE:DARK Darktrace Plc** **LSE:FGP Firstgroup** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:IDS International Distribution** **LSE:ITM ITM Power** **LSE:MKS Marks and Spencer** **<\/p>\n

********<\/p>\n

Updated charts published on : Asos, Avacta, Barclays, Bowleven, Darktrace Plc, Firstgroup, Hikma, Hargreaves Lansdown, HSBC, International Distribution, ITM Power, Marks and Spencer,<\/p>\n

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LSE:ASC Asos<\/span>. Close Mid-Price: 400 Percentage Change: + 3.65% Day High: 402.9 Day Low: 380.7<\/h4>\n

All Asos needs are mid-price trades ABOVE 402.9 to improve acceleration t ……..<\/span><\/p>\n

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View Previous Asos & Big Picture ***<\/a><\/p>\n

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LSE:AVCT Avacta Close Mid-Price: 99 Percentage Change: -2.46% Day High: 102 Day Low: 98.5 <\/span><\/h4>\n

Weakness on Avacta below 98.5 will invariably lead to 97 with secondary, ……..<\/span><\/p>\n

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LSE:BARC Barclays<\/span>. Close Mid-Price: 164.36 Percentage Change: + 0.05% Day High: 166.24 Day Low: 164.44<\/h4>\n

Target met. Continued trades against BARC with a mid-price ABOVE 166.24 s ……..<\/span><\/p>\n

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LSE:BLVN Bowleven<\/span>. Close Mid-Price: 1.75 Percentage Change: + 66.67% Day High: 2.4 Day Low: 1.05<\/h4>\n

Target met. Further movement against Bowleven ABOVE 2.4 should improve ac ……..<\/span><\/p>\n

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LSE:DARK Darktrace Plc<\/span>. Close Mid-Price: 396 Percentage Change: + 0.61% Day High: 401 Day Low: 385<\/h4>\n

All Darktrace Plc needs are mid-price trades ABOVE 401 to improve acceler ……..<\/span><\/p>\n

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LSE:FGP Firstgroup<\/span>. Close Mid-Price: 145.3 Percentage Change: + 0.28% Day High: 150 Day Low: 142.7<\/h4>\n

All Firstgroup needs are mid-price trades ABOVE 150 to improve accelerati ……..<\/span><\/p>\n

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LSE:HIK Hikma<\/span>. Close Mid-Price: 2063 Percentage Change: + 5.71% Day High: 2135 Day Low: 1994<\/h4>\n

Target met. Further movement against Hikma ABOVE 2135 should improve acce ……..<\/span><\/p>\n

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View Previous Hikma & Big Picture ***<\/a><\/p>\n

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 910 Percentage Change: -0.44% Day High: 921.4 Day Low: 899.6 <\/span><\/h4>\n

Further movement against Hargreaves Lansdown ABOVE 921.4 should improve a ……..<\/span><\/p>\n

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LSE:HSBA HSBC<\/span>. Close Mid-Price: 640 Percentage Change: + 1.78% Day High: 640.6 Day Low: 629.2<\/h4>\n

Target met. Continued trades against HSBA with a mid-price ABOVE 640.6 sh ……..<\/span><\/p>\n

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LSE:IDS International Distribution<\/span>. Close Mid-Price: 272.4 Percentage Change: + 2.10% Day High: 276.8 Day Low: 266.7<\/h4>\n

Target met. In the event of International Distribution enjoying further t ……..<\/span><\/p>\n

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LSE:ITM ITM Power<\/span>. Close Mid-Price: 93.3 Percentage Change: + 1.63% Day High: 95.32 Day Low: 90.7<\/h4>\n

Target met. All ITM Power needs are mid-price trades ABOVE 95.32 to impro ……..<\/span><\/p>\n

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LSE:MKS Marks and Spencer Close Mid-Price: 204.8 Percentage Change: -0.05% Day High: 209.8 Day Low: 205 <\/span><\/h4>\n

All Marks and Spencer needs are mid-price trades ABOVE 209.8 to improve a ……..<\/span><\/p>\n

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*** End of “Updated Today” comments on shares.<\/span><\/h2>\n","protected":false},"excerpt":{"rendered":"

Our FTSE reports sometimes feel like the UK weather, mostly pretty dull in outlook but occasionally good news sneaks in. In ‘The Only Living Boy in New York’, Paul Simon sung; “I get all the news I need on the weather report”. Alas, nowadays even the weather report cannot be trusted, due to ‘them’ hyping … <\/p>\n

Continue reading “FTSE for FRIDAY (FTSE:UKX) and the weather report…”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4389","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/4389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=4389"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/4389\/revisions"}],"predecessor-version":[{"id":4390,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/4389\/revisions\/4390"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=4389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=4389"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=4389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}