{"id":5009,"date":"2024-05-24T01:40:59","date_gmt":"2024-05-24T00:40:59","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=5009"},"modified":"2024-05-24T01:40:59","modified_gmt":"2024-05-24T00:40:59","slug":"ftse-for-friday-ftseukx-at-around-8339-currently","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2024\/05\/24\/ftse-for-friday-ftseukx-at-around-8339-currently\/","title":{"rendered":"FTSE for FRIDAY (FTSE:UKX) at around 8339 currently"},"content":{"rendered":"

#FTSE #WallSt\u00a0 <\/b>\u00a0As we trudge through the rain to the final week of May,\u00a0 the market has echoed the mood of the weather but we’re a little hopeful things shall again improve. After all, here in Argyll, Scotland, summer generally happens during May & June so perhaps the FTSE shall choose to replicate our mood. But only if things improve. One interesting aspect of the reversals the most recent four days achieved. The market low of 8332 points was pretty much an exact journey to a bottom, a point from which we’d hope for a proper bounce.<\/span><\/p>\n

Strange to note, last Friday we’d given an initial drop target at 8384 with secondary, if broken, at 8368 points. To keep everyone amused, on Tuesday the index reversed to 8384 points, then supplied a 40 point bounce. But before the bounce, the index briefly broke below our target level in a movement which, from our perspective, meant any bounce shouldn’t be trusted. The next day, Wednesday, saw the market venture down to our secondary target at the open of trade and chose to break below for a few minutes. But once again, it bounced, this time by 30 points.<\/span><\/p>\n

So once again, we were justified in distrusting what was coming and Thursday didn’t disappoint. Had we been writing publicly about our expectations, folk would have seen the private note to our customers; “<\/span>shall not be surprised if the FTSE experiences reversals to 8330 before kicking off a bounce<\/span><\/i>” <\/span><\/p>\n

Now, as we approach Friday with the market not making it below 8330 points, we’ve some hope for a day with some market gains!<\/span><\/p>\n

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In the hopeful scenario of our theory being correct, above 8365 points is supposed to kick things off, giving an initial utterly useless target of 8375 points. Our secondary is quite a bit more useful at what we describe as a “longer term” 8408 points. We’ve opted to sneak in this caveat, following the results from last Friday which, as shown above, took 5 trading days to come to fruition. In normal circumstances without the background noise of world events and the contrived political news due to a coming UK election, conventionally we’d be giving 8408 as an initial target with secondary, if beaten, at 8467 points but recently, the FTSE has been quite stingy with the width of movements.<\/p>\n

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Should the market discover a reason for things to go pear shaped, now below 8330 looks a bit troubling, threatening reversals to an initial 8285 points with secondary, if broken, at 8225 points.<\/p>\n

Have a good weekend and enjoy Grand Prix qualifying on Saturday. Unless it rains in Monaco, the actual race shall doubtless be worth avoiding.<\/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
10:49:43PM<\/span><\/td>\nBRENT<\/span><\/td>\n8129.4<\/span><\/td>\n8081<\/span><\/td>\n8060<\/span><\/td>\n<\/td>\n8283<\/span><\/td>\n8165<\/span><\/td>\n8189<\/span><\/td>\n<\/td>\n8115<\/span><\/td>\nShambles<\/span><\/td>\n<\/tr>\n
10:52:55PM<\/span><\/td>\nGOLD<\/span><\/td>\n2328.69<\/span><\/td>\n2326<\/span><\/td>\n2280<\/span><\/td>\n<\/td>\n2352<\/span><\/td>\n2351<\/span><\/td>\n2356<\/span><\/td>\n<\/td>\n2340<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
10:57:02PM<\/span><\/td>\nFTSE<\/span><\/td>\n8288<\/span><\/td>\n8277<\/span><\/td>\n8251<\/span><\/td>\n<\/td>\n8320<\/span><\/td>\n8320<\/span><\/td>\n8332<\/span><\/td>\n<\/td>\n8290<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
10:59:42PM<\/span><\/td>\nSTOX50<\/span><\/td>\n5004.5<\/span><\/td>\n4996<\/span><\/td>\n4979<\/span><\/td>\n<\/td>\n5016<\/span><\/td>\n5044<\/span><\/td>\n5063<\/span><\/td>\n<\/td>\n5024<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
11:02:38PM<\/span><\/td>\nGERMANY<\/span><\/td>\n18579.2<\/span><\/td>\n18554<\/span><\/td>\n18531<\/span><\/td>\n<\/td>\n18610<\/span><\/td>\n18718<\/span><\/td>\n18785<\/span><\/td>\n<\/td>\n18639<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:06:06PM<\/span><\/td>\nUS500<\/span><\/td>\n5270.7<\/span><\/td>\n5256<\/span><\/td>\n5235<\/span><\/td>\n<\/td>\n5282<\/span><\/td>\n5325<\/span><\/td>\n5355<\/span><\/td>\n<\/td>\n5298<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
11:12:47PM<\/span><\/td>\nDOW<\/span><\/td>\n39064.5<\/span><\/td>\n39029<\/span><\/td>\n38780<\/span><\/td>\n<\/td>\n39717<\/span><\/td>\n39450<\/span><\/td>\n39626<\/span><\/td>\n<\/td>\n39353<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
11:15:15PM<\/span><\/td>\nNASDAQ<\/span><\/td>\n18614.2<\/span><\/td>\n18552<\/span><\/td>\n18497<\/span><\/td>\n<\/td>\n18646<\/span><\/td>\n18862<\/span><\/td>\n18990<\/span><\/td>\n<\/td>\n18728<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
11:17:40PM<\/span><\/td>\nJAPAN<\/span><\/td>\n38504<\/span><\/td>\n38415<\/span><\/td>\n38246<\/span><\/td>\n<\/td>\n38566<\/span><\/td>\n38920<\/span><\/td>\n39099<\/span><\/td>\n<\/td>\n38621<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

23\/05\/2024 FTSE Closed at 8339 points. Change of -0.37%. Total value traded through LSE was: \u00a3 8,053,731,391 a change of 27.95%<\/h5>\n
22\/05\/2024 FTSE Closed at 8370 points. Change of -0.55%. Total value traded through LSE was: \u00a3 6,294,493,963 a change of 14.87%<\/h5>\n
21\/05\/2024 FTSE Closed at 8416 points. Change of -0.09%. Total value traded through LSE was: \u00a3 5,479,565,793 a change of 22.51%<\/h5>\n
20\/05\/2024 FTSE Closed at 8424 points. Change of 0.05%. Total value traded through LSE was: \u00a3 4,472,630,359 a change of -22.38%<\/h5>\n
17\/05\/2024 FTSE Closed at 8420 points. Change of -0.21%. Total value traded through LSE was: \u00a3 5,762,302,042 a change of 1.63%<\/h5>\n
16\/05\/2024 FTSE Closed at 8438 points. Change of -0.08%. Total value traded through LSE was: \u00a3 5,669,902,118 a change of -17.37%<\/h5>\n
15\/05\/2024 FTSE Closed at 8445 points. Change of 0.2%. Total value traded through LSE was: \u00a3 6,861,663,966 a change of 1.88% <\/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:AFC AFC Energy** **LSE:AZN Astrazeneca** **LSE:HL. Hargreaves Lansdown** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **<\/p>\n

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

Updated charts published on : AFC Energy, Astrazeneca, Hargreaves Lansdown, Ocado Plc, Rolls Royce,<\/p>\n

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LSE:AFC AFC Energy<\/span>. Close Mid-Price: 22.6 Percentage Change: + 3.91% Day High: 23.25 Day Low: 21.85<\/h4>\n

Target met. In the event of AFC Energy enjoying further trades beyond 23. ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

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

\n

LSE:AZN Astrazeneca<\/span>. Close Mid-Price: 12404 Percentage Change: + 0.36% Day High: 12450 Day Low: 12316<\/h4>\n

Continued trades against AZN with a mid-price ABOVE 12450 should improve ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

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

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LSE:HL. Hargreaves Lansdown<\/span>. Close Mid-Price: 1120 Percentage Change: + 14.40% Day High: 1151 Day Low: 1046<\/h4>\n

Target met. All Hargreaves Lansdown needs are mid-price trades ABOVE 1151 ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

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

\n

LSE:OCDO Ocado Plc<\/span>. Close Mid-Price: 352.1 Percentage Change: + 2.50% Day High: 356.7 Day Low: 332.9<\/h4>\n

Weakness on Ocado Plc below 332.9 will invariably lead to 329p with secon ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

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

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LSE:RR. Rolls Royce<\/span>. Close Mid-Price: 440.4 Percentage Change: + 2.90% Day High: 446.7 Day Low: 420.1<\/h4>\n

Target met. Continued trades against RR. with a mid-price ABOVE 446.7 sho ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

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

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

#FTSE #WallSt\u00a0 \u00a0As we trudge through the rain to the final week of May,\u00a0 the market has echoed the mood of the weather but we’re a little hopeful things shall again improve. After all, here in Argyll, Scotland, summer generally happens during May & June so perhaps the FTSE shall choose to replicate our mood. … <\/p>\n

Continue reading “FTSE for FRIDAY (FTSE:UKX) at around 8339 currently”<\/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-5009","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/5009","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=5009"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/5009\/revisions"}],"predecessor-version":[{"id":5010,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/5009\/revisions\/5010"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=5009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=5009"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=5009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}