There’s a reasonable chance this may be one of our reports worth printing for future reference! Meanwhile, a ‘ funny’ story from this week could be titled “failed attempt at asphyxiation”. As we’re approaching the festive season, the idea of making my own Port seemed attractive, the process fairly straightforward as all the tools were already available. The first part of the process was only slightly ambitious, using some red grape concentrate, 6kg sugar, 21 litres water, and the juice of all the blackberries picked in an afternoon from the garden. And also, a secret weapon called Turbo Yeast, a product which provokes aggressive fermentation for 48 hours before the process is stopped by dumping a bottle of brandy into the mix. Then, it’s all a matter of patience for a few months, along with some filtration and messing around with temperatures.
Unfortunately, it was the very first step where things fell apart. The temperature up here in Argyll has dropped, so rather than allowing the fermentation process to start in a freezing shed, it was decided to place the fermentation chamber in the office. Things kicked off with the 21 litre mix at 39.8c before adding the Turbo Yeast and within a couple of hours, it sounded by a witches caldron was boiling away on the shelf, satisfying bubbling noises filling the office, almost drowning out the noise of Beyonce’s album ‘Lemonade’ which was being given a last chance, again. It was just 7c outside with the wind blowing straight from the north pole, so three of my office doors were tightly shut and the heating was on at a low setting. This was all around midnight, so waking on my office chair at 6.30am was a surprise, especially with a nasty headache drilling a hole in my temples. Opening the door through to the kitchen for some cola, within a few seconds everything seemed clearer, suddenly wide awake, and the headache unfortunately still vile. Long story short, it was CO2 poisoning, the Carbon Dioxide from the express fermentation having absolutely nowhere to go, my small airtight office filling up with expelled gas as the yeast munched down on 6kg of sugar…
My wife was not amused and to be honest, me neither. Generally, every time I do something stupid, there’s always a funny side but this one was scary. No bangs, no flames, nothing destroyed, no drama Waking in a sitting position, arms hanging vertically, is about as far from a natural feeling as it gets, an aspect of my wine making hobby which had been completely ignored. Now the garden shed has a low power greenhouse heater on duty, during any future attempts at ambitious wine making! The house is off limits.
This incompetent effort to beat the absurd cost of hospitality by producing a tipple which should prove popular over the festive season, reminded that night-time hours may be more properly spent not gassing myself but instead focussing on numbers. Thankfully, this looks very like a more sane route to success when the attitude is applied to the FTSE. Despite world events and UK politics, the FTSE feels poised for a period of some gains. Hopefully politicians and the BoE play along.
Folk with a normal memory for numbers will recall our fascination with 10,908 points for the FTSE, along with a demand the market actually closes a session above such a point to suggest investing in party poppers may be a good idea. It appears the first steps on such a path may have been taken. Near term, it looks like FTSE movement exceeding 10,869 points shall prove worthwhile, calculating with the potential of a market lift to 10,943 points. Obviously this should be a useful haul of points, especially as a Stop Loss could be positioned at 10,800 points, an almost perfect Risk/Reward situation.
However, our longer term secondary beyond 10,943 calculates at 11,059 points and achieving such should permit the FTSE to actually close above our critical 10.908 point trigger level. This takes us to the reason we’d recommend printing this as the Big Picture now works out a longer term future destination of 11,299 points as a pretty confident ambition. We don’t often suggest such impressive market gains for the FTSE as possible but in this instance, a 430 points haul presents itself as probable.
But only if the cards all play the way they should… We’re laying out some strong potentials and it’s definitely not under the effects of being gassed 4 days ago. We’re simply applying our usual logic used against shares, believing the FTSE shall adhere to our usual rules. But it will still be worth crossing fingers as none of the foregoing is going to happen within a couple of days. In fact, if we muck around with our (usually wrong) timing calculations, it could be around November 26th before this scenario comes to fruition.
Our alternate scenario, questioning what happens if the FTSE wanders below 10,800, suggests the potential of an initial visit to 10,740 with our secondary, if broken, at 10,710. This would effectively emplace the FTSE in a position of having to do it all again, along with fouling up our upward calculations.
Have a good weekend, hopefully warmer than here in Argyll where we shall not be surprised to see the first dusting of snow above 2,000 feet anytime soon. At least, we should have plenty of Port to bring warmth in the months ahead.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:03:09PM | BRENT | 10400.6 | Success | ||||||||
| 10:06:29PM | GOLD | 4170.17 | |||||||||
| 10:10:05PM | FTSE | 10819.1 | 10677 | 10603 | 10514 | 10733 | 10870 | 10893 | 11068 | 10816 | Success |
| 10:13:55PM | STOX50 | 6184 | ‘cess | ||||||||
| 10:16:19PM | GERMANY | 25465.2 | ‘cess | ||||||||
| 10:19:22PM | US500 | 7738.7 | |||||||||
| 10:23:39PM | DOW | 52183.6 | ‘cess | ||||||||
| 10:27:02PM | JAPAN | 65414 | 65250 | 62745 | 59840 | 66318 | 65705 | 66105 | 66796 | 65511 |
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:BME B & M** **LSE:BP. BP PLC** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:GKP Gulf Keystone** **LSE:GRG Greggs** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:TSCO Tesco** **
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Updated charts published on : B & M, BP PLC, EasyJet, Firstgroup, Gulf Keystone, Greggs, IQE, ITM Power, National Glib, Ocado Plc, Tesco,
LSE:BME B & M. Close Mid-Price: 279.6 Percentage Change: + 0.00% Day High: 284.2 Day Low: 273.8
Target met. The next task for B & M is to get the price above 284.2 (not ……..
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View Previous B & M & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 610.5 Percentage Change: + 0.00% Day High: 616.7 Day Low: 609.7
Simply managing to get the share price above 616.7 is the next hurdle for ……..
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View Previous BP PLC & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 683.4 Percentage Change: + 0.00% Day High: 685 Day Low: 681.4
If the price of EasyJet manages to move ABOVE 685p, initial UP target bec ……..
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View Previous EasyJet & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 202.4 Percentage Change: + 0.00% Day High: 202.8 Day Low: 190
In the event of FGP share price managing to exceed 202.8 (please, not an ……..
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View Previous Firstgroup & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 208.5 Percentage Change: + 0.00% Day High: 215 Day Low: 198.8
Target met. Further movement against Gulf Keystone ABOVE 215 should impro ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:GRG Greggs. Close Mid-Price: 2262 Percentage Change: + 0.00% Day High: 2276 Day Low: 2188
All Greggs needs are mid-price trades ABOVE 2276 to improve acceleration ……..
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View Previous Greggs & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 39.35 Percentage Change: + 0.00% Day High: 42.45 Day Low: 37.5
In the event IQE experiences weakness below 37.5 it calculates with a dro ……..
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View Previous IQE & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 90 Percentage Change: + 0.00% Day High: 94.5 Day Low: 88.1
Weakness on ITM Power below 88.1 will invariably lead to 81p with seconda ……..
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View Previous ITM Power & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1193.5 Percentage Change: + 0.00% Day High: 1209.5 Day Low: 1190
The next task for National Glib is to get the price above 1209.5 (not wit ……..
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View Previous National Glib & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 300 Percentage Change: + 0.00% Day High: 316.4 Day Low: 300
Target met. Simply managing to get the share price above 316.4 is the nex ……..
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View Previous Ocado Plc & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 534.6 Percentage Change: + 0.00% Day High: 535.4 Day Low: 526.2
Target met. Continued trades against TSCO with a mid-price ABOVE 535.4 sh ……..
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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:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy 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:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NWG Natwest** **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!