If Lloyds were a UK AIM share, we’d suspect investors had just become victims of a fairly standard AIM Market stitch up, one which convinced traders it had “broken out”, then executed a cruel reversal to trap their money for a protracted holiday period. However, Lloyds is a respected member of the FTSE 100, a market which can be trusted…  or so the song goes. It’s fairer to say, just because you cannot see the sharks fins doesn’t mean the sharks are absent, quite the opposite!

With Lloyds share price is describing a similar trajectory to many manipulated AIM shares, the gullible having been suckered into a world where an overload of optimistic forecasts have promised a future world, where their share prices shall be worth a shedload of money. Thankfully, we can avoid guilt in this instance, their share price failing to trigger an upward levels since our analysis three weeks ago. The converse has been true, the share “successfully” triggering reversal to an initial 95.5p, even breaking below and making our longer term secondary around 91p a viable proposition.

However, we feel the need to alter our reversal potentials as price shuffles in a similar manner to Formula1 trying to keep in order for the Formation Lap in Brazil, a lap which provided the perfect amount of chaos to presage a pretty good race with just the right amount of rain.

For Lloyds, we’re inclined to present 92.13p as a trigger level, the share price (according to our software) required to CLOSE below such a level, introducing the potential of some fairly nasty reversals.  Alternately, a less certain trigger is suggested, if the share makes it below 91.3p during the course of a day, as this risks promoting reversal to an initial 87p with our secondary, if broken, calculating at 76.5p. There’s a reasonable visual argument favouring a bounce, if 76.5p makes itself known in the fullness of time.

Our alternate happier scenario asks Lloyds share price to exceed 106p before any tentative step into the realms of hope. Movements such as this ideally shall bring a visit to an initial 107.3p with our longer term secondary, if bettered, calculating at 115.7p.

In summary, we suspect 87p shall provide a bounce, if the current misery cycle continues. But unfortunately, there’s an increasingly solid looking glass ceiling forming around the 115p for the future, perhaps hinting the retail banking sector is about to spend time trapped in a zone with a lack of honest activity.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
2:48:26AM	BRENT	9866.9	9252	8525.5	7578	9820	9976	10366	10526	9812
2:59:47AM	GOLD	4070.26
3:07:47AM	FTSE	10643.4
3:13:38AM	STOX50	6138.6
3:33:19AM	GERMANY	25671.5
3:38:43AM	US500	7380.5
3:40:53AM	DOW	51292.9
3:50:50AM	NASDAQ	27001.7	26289	25134	23053	27020	27256	27365	27729	26910
3:53:32AM	JAPAN	58267

 

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:AVCT Avacta** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **

********

Updated charts published on : Avacta, Gulf Keystone, Glencore Xstra, Oxford Instruments, Parkmead,

LSE:AVCT Avacta. Close Mid-Price: 55 Percentage Change: + 0.00% Day High: 55.5 Day Low: 53

Weakness on Avacta below 53 will invariably lead to 50p and sometime late ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 190.4 Percentage Change: + 0.00% Day High: 190.4 Day Low: 185.4

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LSE:GLEN Glencore Xstra. Close Mid-Price: 495.15 Percentage Change: + 0.00% Day High: 496.55 Day Low: 482.65

Continued weakness against GLEN taking the price below 482.65 calculates ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2436 Percentage Change: + 0.00% Day High: 2444 Day Low: 2316

Target met. In the event of OXIG share price managing to break below 2,31 ……..

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LSE:PMG Parkmead. Close Mid-Price: 19 Percentage Change: + 0.00% Day High: 19 Day Low: 18.2

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*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ONT Oxford Nanopore Tech** **LSE:PHP Primary Health** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SAGA SAGA Plc** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

********

Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!

While voters in the USA, rather fittingly, organised a circular assassination squad with the results of their latest elections, the UK’s Bank of England decided the best way of tackling a “Cost of Living Crisis” was to ensure prices kept going up, bravely challenging rising prices by increasing Interest Rates. At some point, the current UK Prime Minister will doubtless punish all those involved by awarding peerages and titles, an easier proposition rather than risking any pause to question a failed economic model. After all, as an ex-town councillor in Manchester until assuming the top job, our Prime Minister was exquisitely qualified in wheelie bin collection times or choosing 20mph limit areas.

While across on the mainland, it was amusing to discover myself on a road which was 30mph on one side and just 20mph on the other. Perhaps they ran out of paint but the situation has remained for a couple of months! There’s no school involved, no particular parking situation, just the Eastbound side decorated with a plethora of 20mph signs and the road surface equally emblazoned. And the Westbound side has a 30mph sign, along with the usual miniature repeaters every now and then. It makes absolutely no sense, so perhaps the local Scottish councillors shall not prove to be Prime Ministerial material.

The first volley of shots from the USA appeared to impact the markets, the S&P down 4.36% and Wall Street down 3.44%. It was not a great day, the markets perhaps wondering if they’re about to retreat into the malaise of the President Biden years. From a relatively near term viewpoint, the Dow Jones apparently only needs weakness below 51,480 points to trigger reversal down to an initial 50,701 points with our secondary, if broken, a less visually likely 49,704 points. If triggered, the index needs exceed 51,905 to cancel the reversal potentials.

As for the UK FTSE, ending Thursday “only” down 0.43%, despite the damage from the Bank of England,, it feels like more trouble may be ahead. We strongly anticipate the FTSE opening substantially down on Friday, roughly 100 points below Thursdays closing price of 10,782 points. Our rather worrying calculations currently produce some dodgy sounding numbers.

Our Negative FTSE Scenario

If the FTSE 100 manages to open Friday below 10,688 points, serious trouble may be ahead as a cycle down to an initial 10,572 calculates as possible. Our longer term secondary (or later in the day) works out at 10,449 points, firmly placing the UK index in a zone where an ultimate bottom of 9,932 seems to be attractive. If triggered, the tightest stop looks like 10,770 points. Obviously, quite a lot will depend on the chaos emanating from the USA but  from the feel of things, the UK market feels destined to seek inspiration from America.

Our Positive FTSE Scenario

Our calculations to identify any “its all been a dreadful mistake” movements currently demand above 10,830 points should trigger pathetic growth to an initial 10,857 points. Our secondary, if exceeded, adds up to a slightly more useful 10,888 points. To be sensible, only if the FTSE clambers above 10,888 points shall we actually believe the reversal cycle may be erased and the visuals suggest this unlikely.

Our Weekend Scenario

The weather looks dry, so the little tractor will be in action mulching impressive numbers of leaves. It addition, the big chainsaw is going to enjoy itself, removing a few bushes which spent 2026 growing out of control. And there are two Pampas Grass which shall be incinerated, always a spectacular job. Hopefully the Brazilian Grand Prix brings some entertainment but viewing a YouTube short video from Jeremy Clarkson encapsulated our reduced interest in races. Formula1 has become an exercise in what happens when Health & Safety hits motorsports, drivers actually now being penalised for actually racing hard. When Jackie Stewart launched his campaign to reduce the number of deaths, it’s pretty certain he never envisaged the current placid spectacle of what passes for racing, even though the cars are effectively given a “maximum” speed limit.

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
10:13:59PM	BRENT	9812.9	9724	9453		9862	9833	9872		9664
10:17:44PM	GOLD	4087.28	4076	4053		4116	4146	4174		4106	Success
10:21:57PM	FTSE	10669.5	10696	10555	10414	10759	10975	11058	11240	10881	Success
10:27:37PM	STOX50	6158.7	6154	6119		6177	6256	6287		6218	Success
10:38:09PM	GERMANY	26112.2	26089	25974		26170	26426	26494		26268	Shambles
10:42:43PM	US500	7328.1	7320	7247		7432	7432	7464		7363	Success
10:45:34PM	DOW	51235.9	51179	50173		51836	53752	54222		53471	‘cess
10:48:44PM	NASDAQ	26495.1	26452	25598		27006	27072	27282		26700	Success
10:52:57PM	JAPAN	57012	56919	56436		57591	56916	56436		58027

 

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:AV. Aviva** **LSE:AVCT Avacta** **LSE:BT.A British Telecom** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:TSCO Tesco** **

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Updated charts published on : Aviva, Avacta, British Telecom, Diageo, Experian, EasyJet, Glencore Xstra, Greggs, IQE, ITM Power, Intertek, Marks and Spencer, National Glib, Oxford Instruments, Primary Health, Tesco,

LSE:AV. Aviva. Close Mid-Price: 752.6 Percentage Change: + 0.00% Day High: 761.4 Day Low: 751

Target met. The next task for Aviva is to get the price above 761.4 (not ……..

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LSE:AVCT Avacta. Close Mid-Price: 55.75 Percentage Change: + 0.00% Day High: 58 Day Low: 55.25

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LSE:BT.A British Telecom. Close Mid-Price: 231.8 Percentage Change: + 0.00% Day High: 247.2 Day Low: 229.4

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LSE:DGE Diageo. Close Mid-Price: 1871.5 Percentage Change: + 0.00% Day High: 1908 Day Low: 1842.5

Target met. Simply managing to get the share price above 1908 is the next ……..

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LSE:EXPN Experian. Close Mid-Price: 3132 Percentage Change: + 0.00% Day High: 3172 Day Low: 3121

Target met. Continued trades against EXPN with a mid-price ABOVE 3,172 sh ……..

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LSE:EZJ EasyJet. Close Mid-Price: 690 Percentage Change: + 0.00% Day High: 690 Day Low: 685.6

The next task for EasyJet is to get the price above 690 (not with a fake ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 496.9 Percentage Change: + 0.00% Day High: 515 Day Low: 491.65

If Glencore Xstra experiences continued weakness below 491.65, it will in ……..

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LSE:GRG Greggs. Close Mid-Price: 2388 Percentage Change: + 0.00% Day High: 2402 Day Low: 2358

Simply managing to get the share price above 2402 is the next hurdle for ……..

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LSE:IQE IQE. Close Mid-Price: 28.35 Percentage Change: + 0.00% Day High: 32.5 Day Low: 27.3

Target met. Managing to get the share price BELOW 27.3 is the next proble ……..

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LSE:ITM ITM Power. Close Mid-Price: 74.8 Percentage Change: + 0.00% Day High: 81 Day Low: 73.3

Continued weakness against ITM taking the price below 73.3 calculates as ……..

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LSE:ITRK Intertek. Close Mid-Price: 5965 Percentage Change: + 0.00% Day High: 5965 Day Low: 5935

Target met. Further movement against Intertek ABOVE 5965 should improve a ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 444.2 Percentage Change: + 0.00% Day High: 452.5 Day Low: 443

Further movement against Marks and Spencer ABOVE 452.5 should improve acc ……..

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LSE:NG. National Glib. Close Mid-Price: 1285.5 Percentage Change: + 0.00% Day High: 1302.5 Day Low: 1258.5

Target met. If the price of National Glib manages to move ABOVE 1302.5, i ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2368 Percentage Change: + 0.00% Day High: 2578 Day Low: 2356

Target met. Weakness on Oxford Instruments below 2356 will invariably lea ……..

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LSE:PHP Primary Health. Close Mid-Price: 96.85 Percentage Change: + 0.00% Day High: 98.25 Day Low: 96.65

Continued trades against PHP with a mid-price ABOVE 98.25 should improve ……..

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LSE:TSCO Tesco. Close Mid-Price: 560.8 Percentage Change: + 0.00% Day High: 567.2 Day Low: 557

Target met. The next task for Tesco is to get the price above 567.2 (not ……..

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*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MRO Melrose** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ONT Oxford Nanopore Tech** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SAGA SAGA Plc** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

********

Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!

Marks and Spencer Group Plc (LSE:MKS), currently trading around 440.7p.

M&S’s interim results were warmly received by the market, with its share price seemingly positioning itself for another attempt at higher ground. The headline figure attracting considerable attention was food sales growth of 13.9%. Impressive at first glance, although we cannot help wondering how much of this apparent growth owes itself to the rather eye-watering price increases across the food aisles.

After all, sales growth and genuine volume growth are two rather different animals. Without accounting for inflation and pricing, that impressive 13.9% may tell a rather less exciting story than the market appears willing to believe. Perhaps the real growth is somewhat less spectacular than the headline suggests!

Mind you, our own interest in supermarket food pricing is somewhat less sophisticated. It largely revolves around the price of granulated sugar, thanks to our wine-making hobby.

Morrisons remains our supermarket of choice, with a 5kg bag of granulated sugar currently costing £5.35. Even the discounters, Aldi and Lidl, struggle to better this. Better still, the 5kg bag happens to be exactly what is required for one of our 20-litre fermentation runs at 36.8°C, avoiding the usual weighing exercises and inevitable sugar spillages.

My wife, meanwhile, was conducting one of her periodic investigations into just how much this hobby actually costs. Naturally, the subject of yeast came up, along with the obvious question of whether I had compared supermarket prices.

This opened an entirely unexpected can of worms.

Where does yeast actually come from? A quick Google investigation produced a rather surprising answer: wild yeast can be found growing naturally on trees, with certain varieties associated with the bark of old oak trees.

And here comes the coincidence. We happen to have two rather elderly oak trees surviving on the cliff at the top of our garden.

Curiosity, as it so often does, took over. There is little financial incentive to produce our own yeast, given its relatively modest supermarket price. However, a fascinating trawl through fermentation discussions on Reddit revealed something rather more interesting. Home yeast enthusiasts frequently report results they consider superior to those achieved with commercially produced varieties.

It seems rather daft to ignore a potentially useful resource sitting practically on our doorstep. Consequently, we may soon be embarking on a little amateur yeast farming. Whether the eventual results end up in homemade wine or gluten-free bread remains to be seen. Either way, we shall hopefully have something interesting to report in a few months.

One does have to wonder why Jeremy Clarkson, the self-appointed King of Farming (and pubs), hasn’t yet made a feature of locally sourced yeast in his brewing adventures!

Back to the business of M&S shares.

The share price is now exploring territory not seen since the beginning of 2016 and, perhaps more importantly, appears to have broken free from the rather tiresome price malaise that has characterised much of the period since 2024.

This is potentially significant. We are beginning to see the sort of price behaviour that could signal a much more constructive longer-term trend. Whether the market can maintain its enthusiasm is, of course, another matter entirely.

Our Positive LSE:MKS Scenario

A move above 448p would provide the first encouraging signal, with our calculations suggesting an initial upside target of 457p.

Should the share price overcome this level, the longer-term secondary objective comes into view at a considerably more ambitious 514p.

Looking at the bigger picture, the current price position is particularly interesting. Our analysis suggests that the shares are operating within a zone where 552p could eventually exert a considerable gravitational pull.

For the moment, maintaining a position above 394p is important to preserving the optimism surrounding the current cycle.

Our Negative LSE:MKS Scenario

A share price CLOSURE below 394p would introduce a distinctly less comfortable situation.

Our calculations then suggest an initial downside objective of 360p. Should this level subsequently fail, the secondary target comes into play at 305p.

Interestingly, the latter level could also provide an opportunity for a substantial bounce, although getting there would hardly be an enjoyable experience for existing shareholders!

Even trading below 394p, without an actual closing breach, would be sufficient to introduce a considerable degree of nervousness.

And in Summary?

M&S appears to be enjoying a rather welcome change in fortune, and the technical picture is certainly more encouraging than it has been for some time.

Our preferred scenario remains upward, with 448p the level to watch and 514p providing a considerably more interesting destination should momentum develop.

Of course, markets have an unfortunate habit of making fools of the most confident predictions. So, while upward travel currently looks the more attractive proposition, perhaps it wouldn’t hurt to invest in the odd lucky rabbit’s foot.

After all, a little technical analysis, a spot of optimism and a dash of good fortune have never hurt anyone.

And if the share doesn’t deliver, at least we might end up with some rather interesting homemade yeast!

FUTURES

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:41:55PM	BRENT	9359.9	9251	8782	7919	10050	10062	10450	10850	9908	Success
10:45:08PM	GOLD	4060.51	4015	3998	3974	4052	4070	4074	4123	4031
10:47:37PM	FTSE	10904.7	10814	10793	10756	10855	10912	10925	11063	10863	Success
10:52:45PM	STOX50	6313.5	6237	6209	6174	6270	6315	6331	6394	6242
10:56:47PM	GERMANY	26659.7	26200	26012	25792	26406	26670	26752	26991	26533	Success
10:59:19PM	US500	7705.2	7620	7577	7531	7662	7717	7721	7807	7684	Success
11:13:30PM	DOW	53454.4	52782	52353	51823	53054	53481	53751	54565	53246	Success
11:17:55PM	NASDAQ	28461.05	28128	27892	27645	28358	28735	28877	29074	28497	Success
11:21:54PM	JAPAN	62954	62528	62367	61997	63036	63476	64712	66276	63120

 

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…

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

Click Epic to jump to share: LSE:AV. Aviva** **LSE:BT.A British Telecom** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:TSCO Tesco** **

********

Updated charts published on : Aviva, British Telecom, Experian, EasyJet, Marks and Spencer, National Glib, Tesco,

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LSE:AV. Aviva. Close Mid-Price: 747.6 Percentage Change: + 0.00% Day High: 747.8 Day Low: 730.4

Target met. Further movement against Aviva ABOVE 747.8 should improve acc ……..

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LSE:BT.A British Telecom. Close Mid-Price: 231.6 Percentage Change: + 0.00% Day High: 231.8 Day Low: 222.1

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LSE:EXPN Experian. Close Mid-Price: 3095 Percentage Change: + 0.00% Day High: 3133 Day Low: 2971

The next task for Experian is to get the price above 3133 (not with a fak ……..

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LSE:EZJ EasyJet. Close Mid-Price: 688.6 Percentage Change: + 0.00% Day High: 688.6 Day Low: 680

Simply managing to get the share price above 688.6 is the next hurdle for ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 440.7 Percentage Change: + 0.00% Day High: 447.3 Day Low: 402

Target met. All Marks and Spencer needs are mid-price trades ABOVE 447.3 ……..

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LSE:NG. National Glib. Close Mid-Price: 1265 Percentage Change: + 0.00% Day High: 1265 Day Low: 1237

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LSE:TSCO Tesco. Close Mid-Price: 553.4 Percentage Change: + 0.00% Day High: 555.8 Day Low: 535.6

Target met. In the event of TSCO share price managing to exceed 555.8 (pl ……..

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*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MRO Melrose** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ONT Oxford Nanopore Tech** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SAGA SAGA Plc** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!

JD Sports Fashion Plc (LSE: JD.), trading around 94.3p, has accomplished something slightly interesting. Indeed, against the backdrop of a stock market which has recently been about as exciting as a cricket match on a snowy afternoon, it’s actually rather noteworthy.

Mind you, if those responsible for promoting cricket were to stop and think, perhaps the game could become considerably more entertaining if played on snow. We remain utterly ambivalent about most sports involving a ball, failing to understand quite what people find attractive about them. Perhaps football would be improved by releasing a few lions onto the pitch, golf revolutionised by introducing wild boar, and tennis finally made watchable by positioning a couple of wasps’ nests between the players.

Then again, BBC Question Time featuring a Silverback Gorilla on the panel might do wonders for its increasingly desperate viewing figures.

Needless to say, we’re still unlikely to be found wandering around a JD Sports store!

However, putting our sporting prejudices to one side, JD Sports has recently achieved a Higher High, with its share price closing at a level not seen since 30 October last year.

This is potentially significant.

The improvement has occurred against the backdrop of the share price attempting to break away from the downtrend which has been in place since 2024. While this doesn’t yet guarantee a sustained recovery, it does place the share price in what we rather like to call “fingers crossed” territory.

Importantly, there is a fairly straightforward near-term price level which, if exceeded, could provide a considerably more encouraging argument for optimism.

Our Positive JD Sports Scenario

At present, share-price movement above 96.4p should trigger an initial upward movement towards 98p.

Admittedly, this represents relatively modest immediate potential. However, 98p is where things could become considerably more interesting.

Our Big Picture calculations suggest that a successful move beyond 98p could provide the foundations for an initial advance towards 108p, with a longer-term secondary target sitting at 137p.

Naturally, these are conditional projections rather than guaranteed destinations. Nevertheless, should the anticipated upward movement develop, our tightest stop-loss level currently looks reasonable at 88p.

Our Negative JD Sports Scenario

A share-price CLOSURE below 88p would considerably weaken the positive argument.

Such a development would introduce the risk of a reversal towards an initial downside target of 66p, a level which makes reasonable visual sense when examining the broader chart.

Should 66p subsequently fail, our longer-term secondary downside calculation comes in at a rather unpleasant 40p.

Hopefully, we won’t be needing that particular number!

And in Summary?

We think JD Sports’ share price is showing early signs of wanting to move higher.

The achievement of a Higher High, combined with the developing challenge to the longer-term downtrend, provides grounds for cautious optimism. The immediate hurdle is 96.4p, followed by the rather more important 98p.

A successful move beyond the latter could open the door to 108p and potentially 137p over the longer term.

Of course, much depends on whether the market decides to cooperate.

Let’s just hope that, in their ongoing efforts to damage the UK economy, the Bank of England doesn’t foul things up with an imaginative interest-rate decision this Thursday, 5 November.

We’ve got enough excitement with JD Sports!

FUTURES

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:32:24PM	BRENT	10339.9									‘cess
10:34:24PM	GOLD	3929.14
10:37:38PM	FTSE	10603.1	10593	10583	10514	10617	10730	10778	10842	10686	Success
10:40:37PM	STOX50	6136.8	6125	6099	6065	6150	6202	6231	6280	6153	‘cess
10:44:52PM	GERMANY	25842.6
10:47:08PM	US500	7580.2
10:49:15PM	DOW	51676.9									‘cess
10:52:32PM	NASDAQ	28285.3									Shambles
10:56:37PM	JAPAN	63154									‘cess

 

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:AVCT Avacta** **LSE:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:IQE IQE** **

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Updated charts published on : Avacta, Firstgroup, Fresnillo, IQE,

LSE:AVCT Avacta. Close Mid-Price: 57.5 Percentage Change: + 0.00% Day High: 59 Day Low: 56.6

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LSE:FGP Firstgroup. Close Mid-Price: 235.2 Percentage Change: + 0.00% Day High: 235.8 Day Low: 231.6

The next task for Firstgroup is to get the price above 235.8 (not with a ……..

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LSE:FRES Fresnillo. Close Mid-Price: 2291 Percentage Change: + 0.00% Day High: 2369 Day Low: 2251

Target met. Managing to get the share price BELOW 2,251 is the next probl ……..

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LSE:IQE IQE. Close Mid-Price: 33.35 Percentage Change: + 0.00% Day High: 34.55 Day Low: 30.75

Target met. If IQE intends to relax, the price needs to get below 30.75 ( ……..

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*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ONT Oxford Nanopore Tech** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SAGA SAGA Plc** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!

By many standards, a read through of IQE’s “About Us” strongly suggests you’re swatting up on a company whose time has come. Established back in 1988, they’re now involved at the cutting edge of many areas, whether it’s communication, vehicle navigation, electrification, or buzzword prostitution in the fields of AI and Datacentres. To be generous, their website people have not entirely fallen into the well of gibberish terminology, despite a plethora of opportunity.

We’ve received a few emails, asking our thoughts on this share, suggesting there may be some gossip and expectation doing the rounds in the real world. Hopefully, any optimism is based on facts as the share price isn’t exactly residing in a happy place at present.

There has been a superb uptrend this year, since the days when the share price languished around 4.75p and experienced a cracking ride up to the 72p level. Unfortunately, as part of such a journey, our software demanded the share price CLOSE a session above 66p, an ambition which remains sadly lacking.

Currently, we’re not exactly oozing optimism due to the share price closing a session below the immediate Red Uptrend for 2026. We’ve painted a little circle around the problem on the chart below, one which implies IQE share price needs CLOSE above 34p to signal the need to rush out and buy a party popper. Or two! With the share price presently trading at just 32.65p, very little work is required to give some hope for the future.

At this point, we run into an experiment we’re running. Every now and then, we’ve been messing around with ChatGPT in the hope of improving our presentation and last Friday threw up an interesting result from the supposed AI (We know it’s just text lookup but what the heck…). On Friday, ChatGPT proved quite flattering, suggesting we don’t change a word but improve the layout of our article, allowing readers to jump beyond our brilliant sense of humour and just focus on the boring numbers given.

To be completely honest, it rather firmly said to keep our Whisky and Crunchies joke, claiming it added uniquely English humour to an article covering a quite dry topic, the FTSE. In addition, we kinda liked the “skip the boring” potentials as it’s something we’re guilty of doing with things which are obviously clickbait, either (increasingly) nonsense articles from the Independent, rubbish articles from the Guardian, or the odd YouTube video which promises a lot and experience has taught will deliver nothing. YouTube should publish a “Rule One”, jump beyond any video which says ‘Watch to the End’ or ‘You Will Not Believe What Happens After…’

Our Negative IQE View

Now below 32.5p risks triggering reversal down to an initial 30.9p with our longer term secondary, if broken, calculating down at 21.3p and a probable bounce level. The visuals certainly tick the boxes for such a scenario but we’re curious as to what has piqued our correspondents interest. Sometimes punters know a thing or two.

Our Positive IQE View

At present, our elastic measuring tape suggests the hope of movement above 38p triggering gains to an initial 50.5p.  This does make some sense, as does our secondary if such an ambition is exceeded, which works out at 66p. For the long term, closure above 66p remains absolutely critical, taking the share price into a zone where a Big Picture cycle to a future 94p should allegedly commence.

And in Summary?

Our conclusion is a little vague but one of the folk who got in touch has a reasonable track record. As a result, we’re inclined to take her optimism seriously but still would suggest playing safe and keeping an eye on our 38p trigger level. While we always prefer caution, the concept is preferable to spouting potentials which risk having investors “walk” funny.

And Finally;

We’d expected to be away for a couple of days this week. It will be next week for our family get together, due to a (seriously funny) error by a teenage niece who’s managed to become a complicated illegal alien in a European country. There are passport control officers throughout Europe who’re glad she’s not their daughter.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:05:29PM	BRENT	10343.1									Success
10:36:29PM	GOLD	3945.72	3879	3761	3448	3920	3970	3999	4042	3930
10:40:53PM	FTSE	10770.9
10:44:42PM	STOX50	6148.5
10:58:02PM	GERMANY	25916.8	25737	25661	25539	25901	26023	26062	26119	25943
11:01:05PM	US500	7556.2
11:03:23PM	DOW	51996.4
11:06:27PM	NASDAQ	28033.7
11:09:15PM	JAPAN	62644

 

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:AVCT Avacta** **LSE:FGP Firstgroup** **LSE:GRG Greggs** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:TSCO Tesco** **

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Updated charts published on : Avacta, Firstgroup, Greggs, IQE, ITM Power, Intertek, Spirax, Serco, Tesco,

LSE:AVCT Avacta. Close Mid-Price: 59.25 Percentage Change: + 0.00% Day High: 60.5 Day Low: 58.5

In the event of AVCT share price managing to break below 58.5 (obviously, ……..

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LSE:FGP Firstgroup. Close Mid-Price: 232.2 Percentage Change: + 0.00% Day High: 232.2 Day Low: 217.8

Target met. Continued trades against FGP with a mid-price ABOVE 232.2 sho ……..

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LSE:GRG Greggs. Close Mid-Price: 2374 Percentage Change: + 0.00% Day High: 2388 Day Low: 2269

Target met. Continued trades against GRG with a mid-price ABOVE 2388 shou ……..

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LSE:IQE IQE. Close Mid-Price: 32.65 Percentage Change: + 0.00% Day High: 35.15 Day Low: 32.65

Target met. Continued weakness against IQE taking the price below 32.65 c ……..

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LSE:ITM ITM Power. Close Mid-Price: 76.85 Percentage Change: + 0.00% Day High: 79.85 Day Low: 74

Weakness on ITM Power below 74 will invariably lead to 70p and secondary, ……..

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LSE:ITRK Intertek. Close Mid-Price: 5940 Percentage Change: + 0.00% Day High: 5940 Day Low: 5925

All Intertek needs are mid-price trades ABOVE 5940 to improve acceleratio ……..

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LSE:SPX Spirax. Close Mid-Price: 7600 Percentage Change: + 0.00% Day High: 7670 Day Low: 7475

Continued trades against SPX with a mid-price ABOVE 7670 should improve t ……..

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LSE:SRP Serco. Close Mid-Price: 294 Percentage Change: + 0.00% Day High: 294 Day Low: 287.4

The next task for Serco is to get the price above 294p (not with a fake s ……..

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LSE:TSCO Tesco. Close Mid-Price: 545 Percentage Change: + 0.00% Day High: 549 Day Low: 537.4

Simply managing to get the share price above 549p is the next hurdle for ……..

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*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ONT Oxford Nanopore Tech** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SAGA SAGA Plc** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:STAN Standard Chartered** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!

The nice thing about being a family business is usually the ability to have someone take over at the drop of a hat. However, we’ve a problem in the coming week and shall not be updating on Tuesday and Wednesday.  A family member (who never had a days illness is his life) has being given an unpleasant and short prognosis, so we’re all heading 300 miles North to see him, for a get together for the four of us. Having never even heard of Motor Neuron Disease until a recent Coronation St storyline, it’s a real shock to have the fittest, healthiest, cleanest living, one of our siblings hit with such a nasty diagnosis.

We utterly hate being put in the situation of describing a Retail Bank share movements as “interesting”. It’s like trying to place the word Politician in the same sentence as words like Integrity or Honesty, an unlikely circumstance! But Natwest share price is becoming interesting, unfortunately for some of the wrong reasons.

When we reviewed Natwest three weeks ago, we proposed a drop target of 577p and obviously, the share price has managed to settle around such a level. It broke below our target during Friday, hitting 575p then managed to close the day at 579p. Our drop target level, exactly between the two price levels, must at least permit us awarding ourselves a “smarty pants” award.

A Negative Natwest View

Due to the share breaking below our drop target intraday, there is obviously the risk of further softening of the price. The situation now has a suggestion below 575p risks triggering further reversal down to an initial 561p. In the event such a price level breaks, our longer term secondary – and hopefully a proper trampoline level – calculates down at 512p. The visuals associated with such reversal bring optimism, the secondary 512p target level meeting the Red uptrend since 2023. In addition, there is the coincidence of matching the Green lows of 2026 and 2025 and allowing folk to embrace the notion of “an important price level” which, in itself, is usually capable of provoking buying pressure.

A Positive Natwest View

There’s a relatively unlikely risk current reversals shall prove short lived but, when we judge by the feel of the wider markets internationally, above 594p should prove to be the first signal the drop has been fake. In such an event, this has the potential of triggering movement to an initial 630p with our longer term secondary, if beaten, at 660p and the need to revisit our calculations.

And in Summary?

At present, Natwest is being served up as an obvious drop target and we hate being spoon fed such a scenario. The market can be guilty of taking advantage of this sort of situation, the near 9% drop on Friday feeling a bit contrived to inspire some panic. As a result, we shall not be aghast to see the share price head upward, if only due to the comedy of watching regret from those who ditched shares once Friday’s initial drop kicked in.

Watching for the share price exceed our 594p anytime soon may prove to be a surprise and in the event of the share discovering an excuse to Close above Blue on the chart below, presently 670p, it shall be difficult for the market to restrain some quite strong future potentials.

Better still, we had a good weekend, brilliant sunshine, 5c temperature,  and a Mexican Grand Prix which proved truly entertaining, a proper race. Hopefully Brazil next weekend will prove just as much fun.

FUTURES

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
12:33:39AM	BRENT	11177.7	10854	10683	10456	11040	11240	11376	11550	11149
12:44:51AM	GOLD	3874.02
1:04:30AM	FTSE	10719.8
1:12:52AM	STOX50	6117.8
1:17:05AM	GERMANY	25774.9
1:20:29AM	US500	7583.3	7525	7508	7396	7621	7786	7829	7902	7707
1:23:42AM	DOW	51788.4
1:26:32AM	NASDAQ	28406.9
1:29:34AM	JAPAN	62327

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:ITM ITM Power** **LSE:NWG Natwest** **LSE:SAGA SAGA Plc** **

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Updated charts published on : British Telecom, ITM Power, Natwest, SAGA Plc,

LSE:BT.A British Telecom. Close Mid-Price: 227.3 Percentage Change: + 0.00% Day High: 229 Day Low: 221.5

Target met. In the event of British Telecom enjoying further trades beyon ……..

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LSE:ITM ITM Power. Close Mid-Price: 75.15 Percentage Change: + 0.00% Day High: 80.8 Day Low: 75.15

Target met. If ITM Power intends to relax, the price needs to get below 7 ……..

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LSE:NWG Natwest. Close Mid-Price: 579.6 Percentage Change: + 0.00% Day High: 630.6 Day Low: 575.6

Managing to get the share price BELOW 575.6 is the next problem level for ……..

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LSE:SAGA SAGA Plc. Close Mid-Price: 875 Percentage Change: + 0.00% Day High: 916 Day Low: 875

In the event of SAGA share price managing to exceed 916 (please, not an i ……..

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*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:ONT Oxford Nanopore Tech** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!

Revolution!

Someone once wrote that society is only three square meals away from revolution. It was probably the science-fiction author Larry Niven, although the attribution is perhaps less important than the sentiment.

It occurs to us that the recent initiatives by several countries, encouraging their populations to keep at least three days’ worth of food and water in reserve, might actually be rather clever. Should everything go horribly wrong, politicians have effectively bought themselves a three-day head start before the public wakes up, starts asking awkward questions and begins looking for suitable culprits to line up against “the wall”.

Perhaps that’s a daft idea, but as the President of Brazil has just demonstrated, having an exit strategy isn’t necessarily the worst idea in the world. Mind you, the USA might prove a rather challenging place to disappear into for the longer term. His successful escape could also become an interesting bargaining chip, should the USA decide it wants more Brazil nuts or perhaps a few exotic haircuts in exotic locations…

Heck, it’s Friday and we’re allowed to be whimsical, particularly on the eve of the Mexican Grand Prix, which is often one of the better races of the season. Hopefully, it’ll rain!

The FTSE: A Market in Search of Direction?

As for the FTSE, we’re somewhat confused.

Until October 19th, the index had been behaving with a reasonable degree of logic. Since then, however, things have become decidedly messy.

Normally, the run-up to a UK financial suicide note (otherwise known as The Budget) brings a degree of volatility, depending largely on which snippets of information are being leaked and when. This particular Budget, though, has been something of a circus. The sheer volume of information being released had us wondering whether the event had somehow been brought forward to Tuesday!

Even the ever-popular internet personality, The BlackbeltBarrister, felt compelled to release a YouTube video expressing his frustration with proceedings. It’s easy to forget that his interests extend beyond the BBC Licence Fee and police incompetence!

What’s particularly interesting is that the FTSE has lacked the sort of volatility we would normally associate with a UK Budget. Traditionally, the day after the announcement can be especially interesting, once investors have had time to digest the small print and discover what the Chancellor really meant.

This time around, the market seems to have barely reacted. Then again, perhaps it did and nobody noticed!

With the USA experiencing some reversals following disappointing earnings reports, the UK market has largely refused to follow suit. Thursday, in particular, proved resolutely positive for the FTSE.

Could there be a little more underlying strength in the UK market than we’ve been giving it credit for?

FTSE: The Levels That Matter

From a near-term perspective, a move above 10,775 should apparently trigger an initial advance towards 10,831, with our secondary target, should that level be bettered, calculating at 10,895 points.

Should the upside scenario trigger, the tightest sensible stop-loss level appears to be 10,720.

Our alternative scenario, for those who prefer to contemplate the less cheerful possibilities, requires the FTSE to move below 10,720 before any meaningful reversal gets underway. This could initially trigger a move towards 10,696, with our secondary target, should that level be broken, sitting at 10,670 points.

Admittedly, this isn’t the most spectacular haul of points, but the relatively modest potential reward is reflected in a tight stop around 10,745.

As always, these are conditional scenarios rather than predictions. The market gets the final say, regardless of what we might like it to do!

Have a Good Weekend!

Enjoy the race. We’ve done our bit towards national resilience and stocked up on three days’ worth of whisky, together with a box of Crunchies and another of Galaxy Minstrels, our current guilty secret.

That’s us sorted if the power goes off.

Although, on reflection, three days might not be quite enough whisky…

FUTURES

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:00:46PM	BRENT	11103.7	10856	10797		11020	11134	11189		11030	Shambles
10:05:10PM	GOLD	4025.02	4005	3990		4026	4038	4049		4016
10:08:01PM	FTSE	10733.7	10709	10697		10737	10775	10816		10722
10:18:10PM	STOX50	6197.8	6143	6107		6182	6226	6277		6192
10:21:01PM	GERMANY	26072.8	25668	25455		25798	26140	26240		25979
10:24:09PM	US500	7670.3	7668	7647		7690	7723	7744		7693	‘cess
10:27:11PM	DOW	52313.9	52132	51910		52333	52460	52566		52253	Shambles
10:32:28PM	NASDAQ	28965.5	28960	28703		29025	29437	29631		29246	Success
10:34:32PM	JAPAN	63755	63728	63225			No sane	ideas

 

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…

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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:ITRK Intertek** **LSE:NG. National Glib** **LSE:SAGA SAGA Plc** **LSE:SRP Serco** **

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Updated charts published on : British Telecom, Intertek, National Glib, SAGA Plc, Serco,

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LSE:BT.A British Telecom. Close Mid-Price: 213.4 Percentage Change: + 0.00% Day High: 215.2 Day Low: 212.7

Target met. Continued trades against BT.A with a mid-price ABOVE 215.2 sh ……..

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LSE:ITRK Intertek. Close Mid-Price: 5925 Percentage Change: + 0.00% Day High: 5930 Day Low: 5920

The next task for Intertek is to get the price above 5,930 (not with a fa ……..

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LSE:NG. National Glib. Close Mid-Price: 1260 Percentage Change: + 0.00% Day High: 1263.5 Day Low: 1236.5

Target met. Further movement against National Glib ABOVE 1263.5 should im ……..

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LSE:SAGA SAGA Plc. Close Mid-Price: 896 Percentage Change: + 0.00% Day High: 903 Day Low: 837

Target met. If the price of SAGA Plc manages to move ABOVE 903, initial U ……..

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LSE:SRP Serco. Close Mid-Price: 291.2 Percentage Change: + 0.00% Day High: 292.8 Day Low: 286.8

Further movement against Serco ABOVE 292.8 should improve acceleration to ……..

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*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ONT Oxford Nanopore Tech** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!