From a personal perspective, the only thing having a worse week than the FTSE has been this writer. On Monday, things started to go a bit weird, a recent diagnosis of Type 2 Diabetes meaning the Pharmacist at our local GP surgery got to stab me, determined I’d be comfortable self administering the diabetes and fat bloke drug called Ozempic. While I’ve lost 2.5kg since Monday, the reason was probably due to Tuesdays Dentist appointment. A root canal treatment went wrong, when a hairline fracture in the tooth split wide open. Three teeth were removed and stitches required, creating a situation where eating has not been high on the priorities list. But creamy mushroom soup has served the job for dinner and breakfast, along with taking far too many Ibuprofen for the pain. But keen to prove nothing was too stupid, a visit to our local Chiropodist took place on Thursday, a “slightly” ingrown big toenail needing dealt with. This twenty minutes of hell left me sitting quietly in my car, waiting ’till calm restored itself before driving home.
A lesson was learned, in future only the services of one professional “ist” shall be engaged per week as all these people seem determined to inflict pain.
As mentioned, the FTSE has been experiencing a similar friend, probably at the hands of Analysts and Politicianists. One worry for next week comes from the Economists who are doubtless advising central banks to increase interest rates, even though the reductions experienced by the UK lagged behind everywhere else. For instance, Europe and NZ recently increased their rates to 2.75%, still substantially below the UK’s current 3.75% which is damaging the entire country. The rate decision is at noon next Thursday.
Things are not looking great for the FTSE on Friday, movement below 10,592 looking capable of triggering reversal to an initial 10,555 points. Should such a level break, our longer term secondary calculates down at 10,515 and perhaps a bounce. But overall, the market is already looking dangerously attracted to a future bottom at 10,413 points.
However, there is a faint light shining in the misery of darkness. For the FTSE, should the index clamber above 10,673 points, we can hope for gains to an initial 10,699 points with our secondary, if exceeded, at 10,777 points and an urgent need to revisit our tea leaves.
On a brighter note, it’s the usually entertaining Spanish Grand Prix this weekend and hopefully solid food shall be on our menu. Have a good weekend.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:27:38PM | BRENT | 10588.9 | 10229 | 10037 | 10423 | 10800 | 10988 | 10390 | |||
| 11:30:14PM | GOLD | 4324.37 | 4314 | 4288 | 4365 | 4378 | 4417 | 4303 | |||
| 11:45:48PM | FTSE | 10610.5 | 10581 | 10541 | 10765 | 10685 | 10711 | 10622 | ‘cess | ||
| 11:48:35PM | STOX50 | 6264.9 | 6251 | 6225 | 6278 | 6328 | 6350 | 6303 | |||
| 11:52:01PM | GERMANY | 25334.5 | 25297 | 25077 | 25599 | 25623 | 25748 | 25502 | Success | ||
| 11:57:12PM | US500 | 7603.5 | 7580 | 7552 | 7610 | 7658 | 7695 | 7623 | ‘cess | ||
| 11:18:06PM | DOW | 52174 | 51960 | 51867 | 52158 | 52653 | 52967 | 52386 | ‘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:BP. BP PLC** **LSE:ECO ECO (Atlantic) O & G** **LSE:NG. National Glib** **LSE:OXIG Oxford Instruments** **LSE:SAGA SAGA Plc** **LSE:SDY Speedyhire** **LSE:VOD Vodafone** **
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Updated charts published on : BP PLC, ECO (Atlantic) O & G, National Glib, Oxford Instruments, SAGA Plc, Speedyhire, Vodafone,
LSE:BP. BP PLC. Close Mid-Price: 565.1 Percentage Change: + 0.00% Day High: 572.5 Day Low: 558.2
The next task for BP PLC is to get the price above 572.5 (not with a fake ……..
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View Previous BP PLC & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 42 Percentage Change: + 0.00% Day High: 45.4 Day Low: 41
If ECO (Atlantic) O & G experiences continued weakness below 41, it will ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1128.5 Percentage Change: + 0.00% Day High: 1146.5 Day Low: 1127.5
Target met. Managing to get the share price BELOW 1127.5 is the next prob ……..
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View Previous National Glib & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2720 Percentage Change: + 0.00% Day High: 2784 Day Low: 2684
The pace of reversals recently has felt artificial, making me suspect a su ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:SAGA SAGA Plc. Close Mid-Price: 595 Percentage Change: + 0.00% Day High: 602 Day Low: 588
If the share price of SAGA Plc manages to move BELOW 588, initial DOWN ta ……..
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View Previous SAGA Plc & Big Picture ***
LSE:SDY Speedyhire. Close Mid-Price: 15.7 Percentage Change: + 0.00% Day High: 16.24 Day Low: 15
Target met. If Speedyhire intends to relax, the price needs to get below ……..
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View Previous Speedyhire & Big Picture ***
LSE:VOD Vodafone. Close Mid-Price: 128.65 Percentage Change: + 0.00% Day High: 129.2 Day Low: 125.95
Target met. In the event of Vodafone enjoying further trades beyond 130p, ……..
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View Previous Vodafone & Big Picture ***
*** 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:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **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:ITRK Intertek** **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:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **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: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!