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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View Previous Aviva & Big Picture ***
LSE:AVCT Avacta. Close Mid-Price: 55.75 Percentage Change: + 0.00% Day High: 58 Day Low: 55.25
If Avacta experiences continued weakness below 55.25, it will invariably ……..
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View Previous Avacta & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 231.8 Percentage Change: + 0.00% Day High: 247.2 Day Low: 229.4
Target met. All British Telecom needs are mid-price trades ABOVE 247.2 to ……..
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View Previous British Telecom & Big Picture ***
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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View Previous Diageo & Big Picture ***
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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View Previous Experian & Big Picture ***
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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View Previous EasyJet & Big Picture ***
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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View Previous Glencore Xstra & Big Picture ***
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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View Previous Greggs & Big Picture ***
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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View Previous IQE & Big Picture ***
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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View Previous ITM Power & Big Picture ***
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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View Previous Intertek & Big Picture ***
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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View Previous Marks and Spencer & Big Picture ***
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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View Previous National Glib & Big Picture ***
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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View Previous Oxford Instruments & Big Picture ***
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 ……..
</p
View Previous Primary Health & Big Picture ***
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 ……..
</p
View Previous Tesco & 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: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** **
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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!