{"id":4880,"date":"2024-03-08T01:32:59","date_gmt":"2024-03-08T01:32:59","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=4880"},"modified":"2024-03-08T01:32:59","modified_gmt":"2024-03-08T01:32:59","slug":"our-famed-ftse-for-friday-ftseukx-6","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2024\/03\/08\/our-famed-ftse-for-friday-ftseukx-6\/","title":{"rendered":"Our famed FTSE for FRIDAY (FTSE:UKX)"},"content":{"rendered":"

#FTSE #F1<\/b> The eternal Groundhog Day in which the UK stock market is trapped continues to frustrate everyone. Across the pond, the US markets are taking turns in painting “New, All Time Highs” whereas here, the only thing worth painting appears to be frustrated lines on charts. The current hiatus isn’t fascinating, just a bit weird, as the UK now appears to be battling with the pre-pandemic high of 2020. Quite why this should be the case defeats us but once again, with the market closing Thursday at 7692 points, we’re in the sacred zone below 7700 points where nothing ever happens.<\/p>\n

We’ve a saying in-house; “If it ain’t going up, it’s going down!” but the FTSE isn’t even showing any early warning signs for imminent trouble. It’s just not going up, almost aggressively so, as if some mysterious foot keeps tramping on the brake pedal like a motorist in a 20mph zone with a police car immediately behind. Personally, I’ve an abiding memory of the day I pulled over a police car for such behaviour and am still amazed I’d the gall to do it. I’d literally just collected a new BMW K1200 motorcycle and was riding home, employing supreme caution. Heading through the suburbs, the roads were mercifully quiet but this didn’t stop a police patrol car from tucking in behind me. Driving uphill, a set of traffic lights turned red and I came to a somewhat dodgy standstill, thanks to being a little challenged in leg length. Essentially, I nearly fell over and just knew the two cops were now deciding whether to pull me over for a chat. The lights turned green, I moved head and indicated left, waving at the police car. They dutifully pulled in front of me, so I put the bike on the stand and walked over to the passenger window.<\/p>\n

“Any chance of you guys passing ahead? I just picked this up and feel like I’m learning to ride again. Keeping an eye on you at the same time is making me really nervous!”<\/p>\n

The laughter proved I’d done the right thing. But yes, the FTSE certainly feels like someone is being a bit over-attentive on the brakes.<\/p>\n

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The immediate situation for the FTSE allegedly suggests above 7712 points should bring movement to an initial 7734 with our secondary, if bettered, at 7766 points. We tossed in the word “allegedly as there’s nothing in recent market movement which justified any real confidence. Who knows, maybe the markets are not moving, due to a self fulfilling lack of confidence! If triggered, the tightest stop for this scenario looks like a fairly reasonable 7670 points.<\/p>\n

Our alternate scenario, if the brakes are once again applied, allows below 7670 to threaten a visit to 7638 with our “longer term” secondary calculating at 7588 points.<\/p>\n

Have a good weekend. Hopefully the Saudi Grand Prix on Saturday doesn’t provide yet another excuse for a good nap. Currently, with the outbreak of nonsense politics within Formula1, it’s as if they’ve decided creating controversy will keep them in the headlines, despite people choosing to avoid watching the (lack of) racing.<\/p>\n

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FUTURES<\/p>\n\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
10:17:12PM<\/span><\/td>\nBRENT<\/span><\/td>\n8281<\/span><\/td>\n8151<\/span><\/td>\n8030<\/span><\/td>\n<\/td>\n8290<\/span><\/td>\n8420<\/span><\/td>\n8598<\/span><\/td>\n<\/td>\n8175<\/span><\/td>\n<\/td>\n<\/tr>\n
10:19:30PM<\/span><\/td>\nGOLD<\/span><\/td>\n2159.56<\/span><\/td>\n2143<\/span><\/td>\n2139<\/span><\/td>\n<\/td>\n2153<\/span><\/td>\n2166<\/span><\/td>\n2172<\/span><\/td>\n<\/td>\n2155<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
10:32:15PM<\/span><\/td>\nFTSE<\/span><\/td>\n7686<\/span><\/td>\n7638<\/span><\/td>\n7616<\/span><\/td>\n<\/td>\n7665<\/span><\/td>\n7713<\/span><\/td>\n7737<\/span><\/td>\n<\/td>\n7673<\/span><\/td>\nShambles<\/span><\/td>\n<\/tr>\n
10:42:30PM<\/span><\/td>\nSTOX50<\/span><\/td>\n4974.9<\/span><\/td>\n4952<\/span><\/td>\n4942<\/span><\/td>\n<\/td>\n4984<\/span><\/td>\n4992<\/span><\/td>\n4999<\/span><\/td>\n<\/td>\n4977<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
10:45:44PM<\/span><\/td>\nGERMANY<\/span><\/td>\n17867<\/span><\/td>\n17703<\/span><\/td>\n17628<\/span><\/td>\n<\/td>\n17744<\/span><\/td>\n17880<\/span><\/td>\n17921<\/span><\/td>\n<\/td>\n17847<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
10:58:24PM<\/span><\/td>\nUS500<\/span><\/td>\n5152<\/span><\/td>\n5082<\/span><\/td>\n5048<\/span><\/td>\n<\/td>\n5118<\/span><\/td>\n5166<\/span><\/td>\n5189<\/span><\/td>\n<\/td>\n5136<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:02:03PM<\/span><\/td>\nDOW<\/span><\/td>\n38794.5<\/span><\/td>\n38526<\/span><\/td>\n38389<\/span><\/td>\n<\/td>\n37802<\/span><\/td>\n38914<\/span><\/td>\n38979<\/span><\/td>\n<\/td>\n38728<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:05:17PM<\/span><\/td>\nNASDAQ<\/span><\/td>\n18239<\/span><\/td>\n17896<\/span><\/td>\n17724<\/span><\/td>\n<\/td>\n18032<\/span><\/td>\n18338<\/span><\/td>\n18369<\/span><\/td>\n<\/td>\n18138<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:07:52PM<\/span><\/td>\nJAPAN<\/span><\/td>\n39756<\/span><\/td>\n39139<\/span><\/td>\n38713<\/span><\/td>\n<\/td>\n39497<\/span><\/td>\n39893<\/span><\/td>\n40214<\/span><\/td>\n<\/td>\n39519<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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7\/03\/2024 FTSE Closed at 7692 points. Change of 0.17%. Total value traded through LSE was: \u00a3 8,077,896,758 a change of 24.94%<\/h5>\n
6\/03\/2024 FTSE Closed at 7679 points. Change of 0.43%. Total value traded through LSE was: \u00a3 6,465,210,839 a change of 16.73%<\/h5>\n
5\/03\/2024 FTSE Closed at 7646 points. Change of 0.08%. Total value traded through LSE was: \u00a3 5,538,797,167 a change of -5.01%<\/h5>\n
4\/03\/2024 FTSE Closed at 7640 points. Change of -0.55%. Total value traded through LSE was: \u00a3 5,830,824,809 a change of -4.21%<\/h5>\n
1\/03\/2024 FTSE Closed at 7682 points. Change of 0.68%. Total value traded through LSE was: \u00a3 6,087,264,861 a change of -41.68%<\/h5>\n
29\/02\/2024 FTSE Closed at 7630 points. Change of 0.08%. Total value traded through LSE was: \u00a3 10,436,888,007 a change of 63.71%<\/h5>\n
28\/02\/2024 FTSE Closed at 7624 points. Change of -0.77%. Total value traded through LSE was: \u00a3 6,375,065,167 a change of 28.06% <\/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:AML Aston Martin** **LSE:AV. Aviva** **LSE:CEY Centamin** **LSE:DARK Darktrace Plc** **LSE:ITRK Intertek** **LSE:LLOY Lloyds Grp.** **LSE:OCDO Ocado Plc** **LSE:QED Quadrise** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **<\/p>\n

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

Updated charts published on : Aston Martin, Aviva, Centamin, Darktrace Plc, Intertek, Lloyds Grp., Ocado Plc, Quadrise, Rolls Royce, Spirax,<\/p>\n

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LSE:AML Aston Martin Close Mid-Price: 157.9 Percentage Change: -0.94% Day High: 161.4 Day Low: 154.7 <\/span><\/h4>\n

Continued weakness against AML taking the price below 154.7 calculates as ……..<\/span><\/p>\n

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<\/p<\/p>\n

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

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LSE:AV. Aviva<\/span>. Close Mid-Price: 462.2 Percentage Change: + 1.60% Day High: 483 Day Low: 460.3<\/h4>\n

Target met. Further movement against Aviva ABOVE 483 should improve accel ……..<\/span><\/p>\n

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<\/p<\/p>\n

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

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LSE:CEY Centamin Close Mid-Price: 103.1 Percentage Change: -0.39% Day High: 104.9 Day Low: 101.4 <\/span><\/h4>\n

In the event of Centamin enjoying further trades beyond 104.9, the share ……..<\/span><\/p>\n

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

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LSE:DARK Darktrace Plc<\/span>. Close Mid-Price: 373.7 Percentage Change: + 6.16% Day High: 417 Day Low: 365.5<\/h4>\n

Target met. All Darktrace Plc needs are mid-price trades ABOVE 417 to imp ……..<\/span><\/p>\n

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

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LSE:ITRK Intertek<\/span>. Close Mid-Price: 4960 Percentage Change: + 0.02% Day High: 4992 Day Low: 4930<\/h4>\n

All Intertek needs are mid-price trades ABOVE 4992 to improve acceleratio ……..<\/span><\/p>\n

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

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LSE:LLOY Lloyds Grp.<\/span>. Close Mid-Price: 48.6 Percentage Change: + 0.42% Day High: 49.03 Day Low: 48.27<\/h4>\n

Further movement against Lloyds Grp. ABOVE 49.03 should improve accelerat ……..<\/span><\/p>\n

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View Previous Lloyds Grp. & Big Picture ***<\/a><\/p>\n

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LSE:OCDO Ocado Plc<\/span>. Close Mid-Price: 458.3 Percentage Change: + 4.66% Day High: 471.7 Day Low: 430.8<\/h4>\n

Weakness on Ocado Plc below 430.8 will invariably lead to 402p with secon ……..<\/span><\/p>\n

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

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LSE:QED Quadrise Close Mid-Price: 1.68 Percentage Change: -1.76% Day High: 1.75 Day Low: 1.65 <\/span><\/h4>\n

Target met. Weakness on Quadrise below 1.65 will invariably lead to 1.35p ……..<\/span><\/p>\n

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<\/p<\/p>\n

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

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LSE:RR. Rolls Royce<\/span>. Close Mid-Price: 390 Percentage Change: + 2.90% Day High: 389 Day Low: 378.8<\/h4>\n

Target met. Further movement against Rolls Royce ABOVE 389 should improve ……..<\/span><\/p>\n

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

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LSE:SPX Spirax<\/span>. Close Mid-Price: 10660 Percentage Change: + 3.80% Day High: 11280 Day Low: 10575<\/h4>\n

Target met. Further movement against Spirax ABOVE 11280 should improve ac ……..<\/span><\/p>\n

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<\/p<\/p>\n

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

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

#FTSE #F1 The eternal Groundhog Day in which the UK stock market is trapped continues to frustrate everyone. Across the pond, the US markets are taking turns in painting “New, All Time Highs” whereas here, the only thing worth painting appears to be frustrated lines on charts. The current hiatus isn’t fascinating, just a bit … <\/p>\n

Continue reading “Our famed FTSE for FRIDAY (FTSE:UKX)”<\/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-4880","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/4880","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=4880"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/4880\/revisions"}],"predecessor-version":[{"id":4881,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/4880\/revisions\/4881"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=4880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=4880"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=4880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}