#Gold #SP500 “This is how it ends, not with a bang but a whimper.” This slightly mangled T.S. Eliot quote rather neatly describes the tepid end to Silverstone on Sunday, a fitting end to a similarly languid “race”. The artificial excitement of watching electricity fuelled overtakes has started to decline substantially, the race organisers choosing to end the circus by parading all the cars for an extra lap behind the “safety car”, depriving the watching audience of the spectacle of a lap with real racing and fully charged batteries. We also expected Louis Hamilton to regain 2nd place, had the “safety” obstacle finished when they said it would. Instead, we witnessed another episode of “Stop Louis Hamilton winning his 9th Grand Prix”. This shambles is the reason why the 8 minute Formula1 race summary on YouTube is often more fascinating than the actual “race” being broadcast. We obviously feel it unfair international football teams field folk who know how to play against our Scottish team. The Scotland national football team should only play against opposing Under 11’s or the Ladies Side from other countries…
Scotland, despite being regarded as the home of football, continues to confirm it has lost its ball, especially on the world stage.
We’re often asked if we can make sense of a particularly stupid looking trend (aka anything similar to current F1 management) and Investec Plc currently supply how to seek a clear answer. To be blunt, the Blue downtrend since 2007 looks like Forumal1 nonsense, making no sense. Instead, we need scribble a new line, the Light Blue trend and things suddenly make a lot of sense. Previously, we’d given a target of 642p and for just two sessions, the share price managed to stumble above our ambitious level.
But a new ball game has commenced, one which suggests movement next above 650p shall exceed the Light Blue line on the chart extract, suggesting the potential for movement to an impressive future long term 792p with our secondary, if exceeded, calculating at a distant 874p. Our logic, for this series of calculations, comes from the visual confirmation the share price has been reacting to Light Blue, always a problem as the particular indicator rarely jumps out from a chart.
If things intend go the shape of Formula1, below 603 would be an issue, calculating with the potential of coming reversals to an initial 580p with our secondary, if broken, a future 544p and potential bounce.
Long story short, share price closure above 642p shall make this more interesting than another incompetent UK Prime Minister…Is it the sixth in 4 years or the 4th in six tears, Regardless, we are not inclined to hold our breath.
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:BARC Barclays** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:GKP Gulf Keystone** **LSE:HSBA HSBC** **LSE:MKS Marks and Spencer** **LSE:QED Quadrise** **LSE:RR. Rolls Royce** **LSE:STAN Standard Chartered** **
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Updated charts published on : Aviva, Barclays, MAN, EasyJet, Gulf Keystone, HSBC, Marks and Spencer, Quadrise, Rolls Royce, Standard Chartered,
LSE:AV. Aviva. Close Mid-Price: 675.8 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Further movement against Aviva ABOVE 677.4 should improve acceleration to ……..
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View Previous Aviva & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 529.5 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. In the event of Barclays enjoying further trades beyond 530, t ……..
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View Previous Barclays & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 310.6 Percentage Change: + 0.00% Day High: 0 Day Low: 0
In the event of MAN enjoying further trades beyond 310.6, the share shoul ……..
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View Previous MAN & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 610 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Continued trades against EZJ with a mid-price ABOVE 621.8 sho ……..
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View Previous EasyJet & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 169 Percentage Change: + 0.00% Day High: 0 Day Low: 0
If Gulf Keystone experiences continued weakness below 164.2, it will inva ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 1465.6 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Further movement against HSBC ABOVE 1467 should improve acceleration towa ……..
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View Previous HSBC & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 384 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Continued trades against MKS with a mid-price ABOVE 388.4 should improve ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:QED Quadrise. Close Mid-Price: 1.55 Percentage Change: + 0.00% Day High: 0 Day Low: 0
If Quadrise experiences continued weakness below 1.49, it will invariably ……..
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View Previous Quadrise & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 1504 Percentage Change: + 0.00% Day High: 0 Day Low: 0
All Rolls Royce needs are mid-price trades ABOVE 1510 to improve accelera ……..
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View Previous Rolls Royce & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 2150 Percentage Change: + 0.00% Day High: 0 Day Low: 0
All Standard Chartered needs are mid-price trades ABOVE 2150 to improve a ……..
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View Previous Standard Chartered & Big Picture ***