{"id":5244,"date":"2024-10-04T05:31:30","date_gmt":"2024-10-04T04:31:30","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=5244"},"modified":"2024-10-04T05:31:30","modified_gmt":"2024-10-04T04:31:30","slug":"ftse-for-friday-ftseukx-getting-exciting-for-no-reason","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2024\/10\/04\/ftse-for-friday-ftseukx-getting-exciting-for-no-reason\/","title":{"rendered":"FTSE for FRIDAY \u00a0(FTSE:UKX) getting exciting for no reason."},"content":{"rendered":"

#FTSE #Gold <\/span><\/b> \u00a0Thursday proved to be a day of humiliation. One of our grand-daughters had asked to visit and while we suspected her intention was target rifle practice, somehow I found myself sitting outside in sunny weather, teaching her to play Don McLean’s “Vincent” aka Starry Starry Night on guitar. While the 11 y\/o child has the voice of an angel, she shall never play guitar better than Taylor Swift level but somehow or other, the sunny afternoon kept her attention for a couple of hours while we unwittingly did a duet, again and again.\u00a0 And again.<\/span><\/p>\n

Eventually, we had it right, her cunning plan being to play her Mums favourite song at some point over Xmas. Neither of us had noticed occasional people were no longer walking along the sea shore below us. When we called it ‘good enough’, a bunch of folk applauded from behind the hedges and wandering into sight. Grand-daughter, used to being on TV and radio due to school stuff, was not bothered but personally, why does a chasm never open when needed! Making matters worse, our nearest neighbour, quite an internationally famous piano guy, had listened to the entire thing and was now considering dragging one of his piano’s outside as we had changed the mood of a basic and simple tune. The guy has 9 different rooms with different piano’s, each with different lighting and acoustics, and is a proper musician (aka, he reads music, has a recording studio, and gets famous visitors.) And to be fair, wouldn’t dream of allowing one of his posh piano’s to enjoy a vastly variable Scottish climate. But maybe next year we shall enjoy a Strat vs Stein fight over the 1812 in privacy, confusing our dogs who usually bark at each other over the stream and wall. Each can come to the others garden without hindrance but they love the barking contest. Most folk with a Fender Stratocaster experiment with classical music at some point but in this instance, there is a perfect point to turn something ridiculous like Strauss into fun.<\/span><\/p>\n

The lesson learned was to do this in the back garden. And only sit at the front coffee table with plenty of wine to enjoy the view.<\/span><\/p>\n

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It’s becoming a bit of a chore doing our FTSE for FRIDAY, simply due to the lack of realistic action emanating from London. A couple of years ago, a report from the Office for National Statistics revealed portfolio ownership of UK listed companies by Pension & Insurance funds had slipped from nearly 50% down to just 4.2% in 2022. The theory now circulating suggests international investors are not interested in UK shares, as UK institutional invests avoid them like the plague. It is certainly a theory worthy of consideration, one which is backed up by the number of companies fleeing a UK listing for the attraction of Wall St and an environment where share prices actually move meaningfully. <\/span><\/p>\n

It’s said the majority of changes to the value of the FTSE this year are due to the value of companies replacing those leaving their UK listing behind. Without a doubt, something quite awful is going on and while our personal belief the UK’s trauma’s are a reflection of the UK’s incompetent political regime which has been happy to experience a future ruled by a complete monopoly, one which almost seems immune to any legal action by the FCA against those folks caught colouring outside the lines. However, from the start of December, the UK monopoly has awarded itself a new set of rules to work from, an initiative designed to reduce the number of companies fleeing London to set up home in foreign climates which actually value corporate initiative. Unfortunately, it’s being said the movement is too little, too late, and risks creating a UK FTSE where the bricks of the market shall prove to be made of hollow bamboo with shareholders given a reduced voice on major matters for a company future.<\/span><\/p>\n

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Our grump about the markets is obviously due to September wasting everyone’s’ time, the UK central bank dodging its opportunity to become useful and now, we’ve entered October with the organisation claiming it plans aggressive movement on interest rates until the year end. This panic statement tends concur with a suspicion the penny has finally dropped amongst governmental institutions that they’d dropped the ball, literally failing to favour the most important and valuable part of British industry, the Financial Sector.<\/span><\/p>\n

Maybe it shall prove the case where October shall start to deliver some optimism, both due to forthcoming changes in FTSE rules and changes in UK interest rate policy. This being the case, it should be easy to identify early warning signs for happier days ahead with some genuine index movements.<\/span><\/p>\n

Should this be the case, near term movement exceeding 8333 points should trigger market recovery to an initial 8367 points with our secondary, if bettered, at 8411 and a reasonable chance of some hesitation, due to historical highs. Market closure above 8411 shall be regarded as a big deal, entering a cycle where a visit to a longer term 8595 becomes possible.<\/span><\/p>\n

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If things plan going terribly wrong, below 8226 now risks promoting reversal to an initial 8119 with our secondary, if broken at7950<\/span><\/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
11:00:24PM<\/span><\/td>\nBRENT<\/span><\/td>\n7787<\/span><\/td>\n7439<\/span><\/td>\n7358<\/span><\/td>\n<\/td>\n7570<\/span><\/td>\n7800<\/span><\/td>\n7881<\/span><\/td>\n<\/td>\n7651<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:02:21PM<\/span><\/td>\nGOLD<\/span><\/td>\n2655.46<\/span><\/td>\n2638<\/span><\/td>\n2630<\/span><\/td>\n<\/td>\n2650<\/span><\/td>\n2663<\/span><\/td>\n2668<\/span><\/td>\n<\/td>\n2655<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:05:02PM<\/span><\/td>\nFTSE<\/span><\/td>\n8276.5<\/span><\/td>\n8249<\/span><\/td>\n8209<\/span><\/td>\n<\/td>\n8289<\/span><\/td>\n8325<\/span><\/td>\n8330<\/span><\/td>\n<\/td>\n8296<\/span><\/td>\nShambles<\/span><\/td>\n<\/tr>\n
11:14:31PM<\/span><\/td>\nSTOX50<\/span><\/td>\n4915.7<\/span><\/td>\n4908<\/span><\/td>\n4892<\/span><\/td>\n<\/td>\n4926<\/span><\/td>\n4985<\/span><\/td>\n5014<\/span><\/td>\n<\/td>\n4950<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:21:18PM<\/span><\/td>\nGERMANY<\/span><\/td>\n18996<\/span><\/td>\n18961<\/span><\/td>\n18933<\/span><\/td>\n<\/td>\n19013<\/span><\/td>\n19113<\/span><\/td>\n19172<\/span><\/td>\n<\/td>\n19022<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:24:21PM<\/span><\/td>\nUS500<\/span><\/td>\n5696<\/span><\/td>\n5676<\/span><\/td>\n5661<\/span><\/td>\n<\/td>\n5696<\/span><\/td>\n5720<\/span><\/td>\n5741<\/span><\/td>\n<\/td>\n5692<\/span><\/td>\n<\/td>\n<\/tr>\n
11:29:01PM<\/span><\/td>\nDOW<\/span><\/td>\n41973<\/span><\/td>\n41846<\/span><\/td>\n41709<\/span><\/td>\n<\/td>\n42004<\/span><\/td>\n42170<\/span><\/td>\n42278<\/span><\/td>\n<\/td>\n41990<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:35:01PM<\/span><\/td>\nNASDAQ<\/span><\/td>\n19778.7<\/span><\/td>\n19653<\/span><\/td>\n19614<\/span><\/td>\n<\/td>\n19814<\/span><\/td>\n19915<\/span><\/td>\n19977<\/span><\/td>\n<\/td>\n19797<\/span><\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

3\/10\/2024 FTSE Closed at 8282 points. Change of -0.1%. Total value traded through LSE was: \u00a3 5,406,589,998 a change of 0.25%<\/h5>\n
2\/10\/2024 FTSE Closed at 8290 points. Change of 0.17%. Total value traded through LSE was: \u00a3 5,393,073,396 a change of -18.14%<\/h5>\n
1\/10\/2024 FTSE Closed at 8276 points. Change of 0.49%. Total value traded through LSE was: \u00a3 6,588,507,831 a change of -4.69%<\/h5>\n
30\/09\/2024 FTSE Closed at 8236 points. Change of -1.01%. Total value traded through LSE was: \u00a3 6,912,406,295 a change of 9.55%<\/h5>\n
27\/09\/2024 FTSE Closed at 8320 points. Change of 0.43%. Total value traded through LSE was: \u00a3 6,309,682,763 a change of -12.79%<\/h5>\n
26\/09\/2024 FTSE Closed at 8284 points. Change of 0.19%. Total value traded through LSE was: \u00a3 7,235,455,984 a change of 30.14%<\/h5>\n
25\/09\/2024 FTSE Closed at 8268 points. Change of -0.17%. Total value traded through LSE was: \u00a3 5,559,537,162 a change of 3.34% <\/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:AML Aston Martin** **LSE:CNA Centrica** **LSE:FGP Firstgroup** **LSE:HSBA HSBC** **LSE:MMAG Music Magpie** **LSE:PHP Primary Health** **LSE:STAR Star Energy** **<\/p>\n

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

Updated charts published on : AFC Energy, Aston Martin, Centrica, Firstgroup, HSBC, Music Magpie, Primary Health, Star Energy,<\/p>\n

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LSE:AFC AFC Energy<\/span>. Close Mid-Price: 9.8 Percentage Change: + 0.00% Day High: 10.1 Day Low: 9.3<\/h4>\n

Target met. In the event AFC Energy experiences weakness below 9.3 it cal ……..<\/span><\/p>\n

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LSE:AML Aston Martin Close Mid-Price: 104.9 Percentage Change: -3.32% Day High: 108.9 Day Low: 102.6 <\/span><\/h4>\n

Continued weakness against AML taking the price below 102.6 calculates as ……..<\/span><\/p>\n

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LSE:CNA Centrica<\/span>. Close Mid-Price: 116 Percentage Change: + 0.13% Day High: 117 Day Low: 113.9<\/h4>\n

In the event Centrica experiences weakness below 113.9 it calculates with ……..<\/span><\/p>\n

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LSE:FGP Firstgroup Close Mid-Price: 139.2 Percentage Change: -1.00% Day High: 143.8 Day Low: 138.4 <\/span><\/h4>\n

In the event Firstgroup experiences weakness below 138.4 it calculates wi ……..<\/span><\/p>\n

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LSE:HSBA HSBC<\/span>. Close Mid-Price: 685 Percentage Change: + 1.33% Day High: 689.5 Day Low: 677<\/h4>\n

In the event of HSBC enjoying further trades beyond 689.5, the share shou ……..<\/span><\/p>\n

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LSE:MMAG Music Magpie<\/span>. Close Mid-Price: 8.7 Percentage Change: + 0.46% Day High: 8.83 Day Low: 8.6<\/h4>\n

Target met. Further movement against Music Magpie ABOVE 8.83 should impro ……..<\/span><\/p>\n

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LSE:PHP Primary Health<\/span>. Close Mid-Price: 101.9 Percentage Change: + 1.09% Day High: 105.5 Day Low: 100.6<\/h4>\n

In the event of Primary Health enjoying further trades beyond 105.5, the ……..<\/span><\/p>\n

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LSE:STAR Star Energy Close Mid-Price: 6.97 Percentage Change: -2.11% Day High: 7 Day Low: 6.02 <\/span><\/h4>\n

Target met. In the event Star Energy experiences weakness below 6.02 it c ……..<\/span><\/p>\n

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

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

#FTSE #Gold \u00a0Thursday proved to be a day of humiliation. One of our grand-daughters had asked to visit and while we suspected her intention was target rifle practice, somehow I found myself sitting outside in sunny weather, teaching her to play Don McLean’s “Vincent” aka Starry Starry Night on guitar. While the 11 y\/o child … <\/p>\n

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