Author: T&T Staff

#GOLD #WallSt  It transpires our robot lawn mower has cannibalistic tendencies. The machine comes with “perimeter cable”, a roll of thin, insulated, wire which is clipped into the ground every 80cm. This worked absolutely brilliantly, the robot trundling over the thin blue wire, then reversing itself and ricocheting off at unlikely angles. The flaw in the instructions is pretty obvious, once you think about it. Grass Grows. A thin bit of wire is propelled upward after a few days and the little robot is poised to eat its own cable. When this happens, the electro-magnetic field around the lawn simply stops and the robot loses signal, so turns itself off.

On the “keep fit” side of life, poking a narrow trench around the border to a 400 sq metre lawn turned out to be hard work. Though not as hard as finishing digging the tiny trench and needing to get down on my knees and poke the blue wire into the slots created on the lawn, then thumping it closed with a gloved fist. Of course, it was obviously raining while this punishment exercise was enacted but when everything was powered up for a test, the robot detected the (new) border as its cutting area had been expanded, thanks to lessons learned from the initial border. Despite the need for this horrible job, the 200 quid robot from Aldi remains a “Best Buy” in our thinking. To be honest, our previous house with a just 20 sq metre lawn would deserve such a little toy mower, the device providing hours of visual entertainment as you bet with yourself about the survival time of a buttercup, daisy, or arrogant dandelion.

A bunch of emails flooded in, asking our updated thoughts on Applied Nutrition. We previously reviewed it when the share price was around  219p and now, it looks like our “all time high” ambition at 296p looks at risk. Perhaps its my wifes fault as I notice she’s hoarding some of their product in her “survival” cupboard. This is a cupboard where my “Summer Fruits” 4x dilution bottles live, the rest of the area given over to her essential daily foods. While perhaps being a little sarcastic, when she arrived home from work, I asked “Did you get any complements today on how you look?”. She’d chosen a denim ensemble for Friday, at first glance a Status Quo enthusiast but in reality, she looked great and had managed to lose 20 years of age, literally looking younger than our daughter. I’d never given great thought to her dietary supplement regime, only indulging in extra Vitamin D pills, along with Folic Acid pills as I might be a little pregnant, my bloodwork showing symptoms since 2004 (yes, honestly) The gluten thing, Coeliac Disease, produces funny blood test numbers, my Doctor once saying; “This is conclusive, you are female, probably in your 80’s, and it looks like you might be pregnant! Should you really be riding that big BMW motorcycle parked outside?” Rather than wearing a frock, avoiding food with gluten (also known as FLAVOUR) has ruined the most recent 22 years of life. Absurdly, thanks to chemotherapy and an immune system artificially boosted by drugs, has proven relatively immune to normal Gluten responses, strongly suggesting there can be positive sides to cancer treatments! While I wouldn’t dare eat a croissant, the temptation is horrible every time our grand-children visit.

Few things are worse than looking at a packet of fresh croissant, along with an unopened jar of Nutella. Once upon a time, there was a single stand in Hauptbanhnhof Munich (Main Railway Station) who sold chocolate croissant, literally justifying parking nearby while my girlfriend ran into the busy station to buy four perfect products from heaven.  When we returned to the snobby Four Seasons, ordering coffee to wash down our loot was genuinely funny with the ceremony with which a coffee trolley was pushed into our room, proving worth a giggle. But wow, did they get their own back when we (okay, I) had to pay the hotel bill for our weekend stay.

As for Applied Nutrition share price, the immediate future looks quite promising,  movement above 283 potentially now triggering a rise to an initial 300p with our secondary, if beaten, a quite pleasant looking 330p and very possible hesitation.

Should things intend go wrong, below 200 risks trauma, introducing the chance of reversal to an initial 171 with our secondary, if broken, at a probable bottom of 132p. However, we are fairly optimistic for their future upward potentials, a further series of “higher highs” looking very possible.

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
11:19:56PM	BRENT	9393.4									Success
11:22:48PM	GOLD	4481.35	4446	4438	4386	4492	4524	4557	4594	4490	‘cess
11:26:38PM	FTSE	10322.7									Success
11:30:13PM	STOX50	6038
11:33:26PM	GERMANY	25051.7									Shambles
11:36:51PM	US500	7569.3									‘cess
11:40:23PM	DOW	50833.3									‘cess
11:43:25PM	NASDAQ	30326.7	30233	30069	29881	30328	30402	30526	30638	30374	‘cess
11:46:35PM	JAPAN	65870									Success

 

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:CPI Capita** **LSE:OXIG Oxford Instruments** **LSE:STAN Standard Chartered** **LSE:STAR Star Energy** **

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Updated charts published on : Capita, Oxford Instruments, Standard Chartered,

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LSE:CPI Capita. Close Mid-Price: 400 Percentage Change: + 0.00% Day High: 0 Day Low: 0

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LSE:OXIG Oxford Instruments. Close Mid-Price: 3234 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Continued trades against OXIG with a mid-price ABOVE 3294p should improve ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 2009 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Continued trades against STAN with a mid-price ABOVE 2018p should improve ……..

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LSE:STAR Star Energy. Close Mid-Price: 19 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Target met. Further movement against Star Energy ABOVE 19.55p should impr ……..

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*** End of “Updated Today” comments on shares

#Brent Crude #DAX Sometimes a television program comes along and folk say “this, alone, makes the BBC licence fee worthwhile!”. Unfortunately for the state broadcaster, it seems Netflix may be deserving of such a title. Their recent show “Legends” proved compulsive viewing over the weekend, justifying a “This alone makes a Netflix subscription worthwhile!”. We do tend be a little cynical as we had once subscribed to Amazon, just to watch “The Grand Tour” from Clarkston & Co. Once it finished, we cancelled the subscription, only to renew once Clarkstons Farm became a thing. But “Legends” proved truly addictive viewing, rationing ourselves with two episodes per evening from Friday until the show ended on Sunday evening. An uncle who was rather senior in the government organisation which is the focus of the program, we were regaled with some of the tale in the late 1980’s (at a Viking festival in Orkney) but this TV show brought his drunken story telling to life.

And this, of course, brings us to Barclays Plc…

Actually, struggling to find the correct entry point for a Barclays Plc story, there is one aspect of the television show which wasn’t mentioned, not even slightly. In the final rolling credits, the text told of UK civil servants successfully achieving heroic  results without any additional government support, manpower, or training. What they missed out was important, the events took place in the final decade where senior management had mostly fought in the second world war, were nearing retirement, and when the need presented itself,  exactly the people needed to deal with such a threat were in place. This sort of thing was repeated at senior level through politics, industry, and the banking sector, where newer senior management had military levels of discipline and expectations, often encouraging recruitment from commissioned military. From a personal perspective, witnessing at first hand the decline in competence in the Oil sector and Banking sector was weird, not because of any empathy with these senior Golf & Lunch brigade members but instead, seeing a complete change of ethos which by the start of the 21st century heralded a “new” banking sector and “new” oil sector as the old, ex-military, thinking vanished. However, the core of our skiing gang were mostly ex-military, now in corporate world upper management just before everything changed completely and civilians took precedence. As someone in business, tt would be difficult to find something nice to say about the banking sector during that period, management dissolving into a murky group-think where the only thing was a belief everything from the past was bad, computers were the only future, and customers – as it still the case – were the enemy. My bank manager could ski and would also attend (take over) jamming sessions in my garage. It was a real garage and we used the body & spray shop, allowing us to face the drummer and use whatever amps we wanted. He was ex-military and took early retirement from Barclays, faster than an eye can blink when offered.

For various reasons, we’re inclined toward optimism for Barclays.

Perhaps importantly, the share price is now trading solidly above 445p, the level at which it broke through the immediate Blue downtrend. From our conventional arguments, this now suggests a “sure thing”, where movement above 463.5 should propel the share price to an initial 488p with our “longer term” secondary, if bettered, at 499p and the visible threat of some hesitation.

Adding flamable chemicals to this fire is the Red uptrend, one which implies movement above just 443p should be taken seriously as a sign some strong recovery should be planned for. This argument is a little more insane than the one in the preceding paragraph, suggesting a cycle to an initial 528p has become possible, maybe even a fruitcake factory 584p. We fear this Red Line theory relies a little heavily on President Trump striding the world, spreading sweetness & Light, along with everyone agreeing with him, utterly.

As always, we need to supply our negative scenario, one which we actually doubt as the market “wants” to go up. But below just 440p would apparently be a bad thing, allowing reversal to an initial 388p with our secondary, if broken, at 362p. And hopefully a bounce…

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
10:44:09PM	BRENT	9124.5	8960	8565	7626	9270	9260	9358	9492	9092
10:46:44PM	GOLD	4539.9
10:48:33PM	FTSE	10369
10:50:50PM	STOX50	6026
10:52:39PM	GERMANY	25050.1	25030	24954	24868	25121	25212	25335	25478	25076
10:56:05PM	US500	7577.6
10:59:53PM	DOW	51004.2
11:01:48PM	NASDAQ	30362.2
11:03:49PM	JAPAN	66231

 

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:GRG Greggs** **LSE:ITM ITM Power** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:STAR Star Energy** **

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Updated charts published on : Greggs, ITM Power, Oxford Instruments, Rolls Royce, Star Energy,

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LSE:GRG Greggs. Close Mid-Price: 1716 Percentage Change: + 0.00% Day High: 0 Day Low: 0

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LSE:ITM ITM Power. Close Mid-Price: 194.4 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Continued trades against ITM with a mid-price ABOVE 217.6p should improve ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 223 Percentage Change: + 0.00% Day High: 0 Day Low: 0

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LSE:OXIG Oxford Instruments. Close Mid-Price: 3278 Percentage Change: + 0.00% Day High: 0 Day Low: 0

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LSE:RR. Rolls Royce. Close Mid-Price: 1337.4 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Further movement against Rolls Royce ABOVE 1347.4p should improve acceler ……..

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LSE:STAR Star Energy. Close Mid-Price: 18.5 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Target met. Continued trades against STAR with a mid-price ABOVE 18.5p sh ……..

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*** End of “Updated Today” comments on shares.

#FTSE #GOLD Penny, our Golden Retriever, usually amuses herself trying to bury a hedgehog, when she comes across one in the forest. However, she discovered an entirely new game, barking furiously at one of the animals while she kicked it around our lawn. Doubtless, she’d already discovered it was impossible to pick up the spiky little ball and nudging it with her snout probably hurt. Instead, the poor animal was being flicked around the grass as she curled a paw over it, then skilfully propelled it across the lawn behind her. Needless to say, this took place around 2am, the dog resisting quietly yelled threats to stop barking, while she invented her own game of football. Doubtless, she exhibited more skill than than Scottish football team will do at this summers competition. (we’re not sure if it is World Cup or Olympics football which is getting the media excited)

The FTSE is getting close to providing a “sure thing” for those who follow/trade the index. Obviously, there is absolutely no such thing as a “sure thing” on the stock market but movements, while generally pretty lame, in the last few weeks tend imply the FTSE is poised to fly like our garden hedgehog didn’t.

From a bigger picture perspective, the threat is for movement above 10522 points triggering a rise to an initial 10582 with our secondary, if bettered, an impressive 10728 points. As a result, we need examine intraday movements over the last week or so, trying to identify any reason for the market to exceed 10522. This proves a harder job than we suspected. With the index currently trading around 10440 points, it actually needs above 10492 points before we even dare raise an eyebrow, let along hopes for strong FTSE movement.

Instead, it feels like weakness remains possible for the UK main market as below 10377 points risks promoting reversal down to an initial 10301 points. with our secondary, if broken, calculating at 10219 points.

Our suspicion, as it’s a month end, is to expect reversal to 10301 points, then a surprise bounce with June starting with some optimism, hopefully capable of triggering some of our bigger picture thoughts.

Have a good weekend. There isn’t a proper Grand Prix for a few weeks as next weeks effort from Monaco remains a boring proposition. Perhaps we shall see drivers playing Suduko on their phones, while they adhere to whatever procession has been ordained for the “race”. But the qualifying session is always worth watching!

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
11:05:50PM	BRENT	9200.4	9050	8996		9317	9479	9641		9314	‘cess
11:08:31PM	GOLD	4491.18	4367	4299		4458	4515	4560		4464	‘cess
11:11:46PM	FTSE	10411	10399	10372		10450	10451	10468		10417	Success
11:43:11PM	STOX50	6049.8	5994	5923		6044	6084	6107		6044	‘cess
11:47:23PM	GERMANY	25108.1	24906	24727		25101	25254	25340		25076	Success
11:50:02PM	US500	7568.2	7490	7466		7520	7578	7593		7558	‘cess
11:46:12PM	DOW	50684.7	50335	50251		50591	50783	50914		50643
11:52:50PM	NASDAQ	30191.5	29694	29571		29930	30303	30435		30180
11:56:54PM	JAPAN	65729	63879	63511		64543	66047	66084		65558	‘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…

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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:CPI Capita** **LSE:ITM ITM Power** **LSE:RR. Rolls Royce** **LSE:TERN Tern Plc** **

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Updated charts published on : Capita, ITM Power, Rolls Royce, Tern Plc,

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LSE:CPI Capita. Close Mid-Price: 401.5 Percentage Change: + 0.00% Day High: 0 Day Low: 0

All Capita needs are mid-price trades ABOVE 408p to improve acceleration ……..

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LSE:ITM ITM Power. Close Mid-Price: 209.2 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Target met. All ITM Power needs are mid-price trades ABOVE 217.2 to impro ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 1314.6 Percentage Change: + 0.00% Day High: 0 Day Low: 0

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LSE:TERN Tern Plc. Close Mid-Price: 1.325 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Target met. In the event of Tern Plc enjoying further trades beyond 1.35p ……..

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*** End of “Updated Today” comments on shares

#GOLD #NASDAQ There’s a company called “Salesforce” in America, one which has binned around 4,000 customer support jobs, replacing them with AI to pick up the workload. Their CEO, boasted of “being able to rebalance my headcount on {customer] support, reducing it from 9,000 heads to about 5,000. The boss of the 148.4 billion USD company said his AI/human workforce is nothing dystopian, just reality. The subject of AI has been consuming quite a bit of our attention, not just because of the success of our robot lawnmower. There’s something about the introduction of AI which makes us uncomfortable, feeling a core mistake is being made.

When Electric street lights appeared, entire regiments of “gas lighters” were vanquished into history. While we suspect many of them became politicians, in reality many found jobs in more modern industry as electricity opened new doors throughout the nation. Similarly, the movement from “Sail Powered” ships to steel hulled and steam or diesel engines utterly destroyed some towns. Here in Scotland, folk utterly disbelieve the very pretty town of Kirkintilloch (Kirkie to its friends) was once the largest shipbuilding centre in Scotland, the proximity of a canal making it able to literally ship its products both West and East. The pretty town dating from around 1200AD survived the shipbuilding calamity, even going on to produce David McCallum, one of the Men from Uncle and the ‘Ducky’ character in NCIS. In Kirkie, he’s remembered with a nice statue.

Then we’ve a concept which is a bit more difficult, the move to cars and lorries which left horses and carts behind. It was a sharp change and folk became used to horse meat in their diet, due to the animals being surplus to requirements. There was a similar calamity a few years ago, when Romania slaughtered herds of excess horses as cars became affordable and available.  UK supermarkets badged the imported meat as bovine. It was a nice little scandal, one which the UK government turned a blind eye to, the supply of horse meat from Romania quickly declining. As someone guilty of enjoying steak (in France) from equine sources, the subject is not something which provokes guilt. But, as cars and lorries made themselves known, what happened to the gangs of road builders suddenly displaced by JCB type diggers? There’s a fabulous story from around 1908, where a bunch of blokes were widening the A87 alongside Loch Cluanie in the Scottish Highlands. Most of the Harry Potter Hogwarts scenes were filmed on the south side of this loch, the film crew encampment now being a very private estate with trees shielding any view from the other side of the loch. But more importantly, the road digging guys had to contact the police as they dug up some skeletons. The problem with their piles of bones came from the skulls, the workers able to clown around with a skull fitting over their entire head! The police sprung into action, contacting the relatively new Natural History Museum in London who promptly sent up a couple of suits. (an early entry for the Men in Black) The museum guys were enthusiastic about this historic find, telling the road workers they thought the bones would date from before the Stone Age. They waved goodbye and caught the next bus to Inverness, catching a train to London, and the giant bones disappeared forever from historical comment. As for the workmen, during the month which covered their initial report and the bones vanishing, they had progressed to the head of Glen Moriston when a JCB type machine arrived. A couple of the guys learned how to drive it, a couple more guys worked through the maintenance, and the other 12 guys watched in fascination as the machine quickly worked down the Glen toward Eileen Donan castle in record time, the work of a week usually taking around a day. By the time the road crew arrived at Lochalsh, 10 of the extra 12 guys were dispensed with, victims of the internal combustion engine. It was a vivid example of the change in industry.

And so life went on. Traditionally, it seems the folk at the bottom become the victims of changes. But with AI it’s different. The technology, by necessity, targets the folk at the bottom, many of whom exist in such positions despite being able to do an awful lot more. And some, of course, being these folk unpleasantly remembered from school, the ones who always sat at the back of a class.

But the introduction of AI, is essentially targeting an entire class of people, removing them from employment and creating a problem for society. The telly show, “The Simpsons”, brilliantly places the father as the single person in a Nuclear Power Station control room, his ONLY job being to press a big red button if things go wrong. Obviously, Homer Simpsons job would be first against the wall, if the company introduced an AI. We suspect if society is to continue, a return to the Victorian concept of “serving class” may become necessary, though god help anyone who employs Homer? The entire concept is uncomfortable, very uncomfortable. Growing up with a “housekeeper” was a way of life, personally, my parents often occupied with the realities of work.  Needless to say, as soon as the writer bought his first house, a housekeeper was employed (actually called Helen) who assiduously ensured any visitor would be overwhelmed by a clean, tidy, well decorated house, a completely impossible proposition for this 22 year old bloke.

Perhaps this was why part of our offices was turned into a recording studio (with a bar) as my own Helen could not interfere in the work environment. Nowadays, as a grown up, the idea of introducing such a position into my home is utterly repellent. But it is hard to see society surviving AI without substantially increasing mid level wages, to allow employees to create a serving staff.  Perhaps, rather than automatic doors, we shall visit Standard Chartered and find someone opening the door, another someone entering the correct button on the elevator. Rewinding by 70 years does not feel like a satisfactory conclusion to accepting AI. But the knowledge of entire HR departments vanishing, replaced by software which functions on a cheap smartphone, is not horrible. Several US companies have already taken this route, finding immediate increases in moral as employees no longer need police their thoughts.

The boss of Standard Chartered (LSE:STAN) is currently blowing fresh air through the hole in his foot, the crime being saying the truth out loud. But describing people as “lower value human capital” was perhaps an poor choice of words. He expects to consign 15% of back office staff to the bin,  in the next couple of years, Obviously, the media chose to savage the guy in the hope of creating a vacancy at the top of the company, disregarding the important detail of his honesty.

Standard Chartered Currently doesn’t look terribly bad, quite the opposite. Instead, above 1980p shows with the potential of triggering share price movement to an initial 2032p with our secondary, if bettered, at 2220p. Our strong inclination is toward optimism for this scenario, their CEO’s statement apparently failing to cause any harm.

If a negative converse scenario is examined, at present Standard Chartered needs below 1700p to provoke reversal to an initial 1439 with our secondary, if broken, at 1113p and a probable rebound point. At present, nothing is pointing in the direction of such a calamity.

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
11:45:20PM	BRENT	9251.9									‘cess
11:12:03PM	GOLD	4457.92	4441	4430	4342	4467	4517	4563	4617	4466	Success
10:44:54PM	FTSE	10465.2
10:51:22PM	STOX50	6061.3
10:55:05PM	GERMANY	25175.2
10:57:52PM	US500	7528.1
11:00:39PM	DOW	50707.2
11:07:12PM	NASDAQ	29985.5	29801	29621	29395	30004	30303	30384	30578	29995	‘cess
11:09:39PM	JAPAN	64946

 

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:CAR Carclo** **LSE:CPI Capita** **LSE:GRG Greggs** **LSE:HSBA HSBC** **LSE:ITM ITM Power** **LSE:STAN Standard Chartered** **

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Updated charts published on : Carclo, Capita, Greggs, HSBC, ITM Power, Standard Chartered,

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LSE:CAR Carclo. Close Mid-Price: 33.5 Percentage Change: + 0.00% Day High: 0 Day Low: 0

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LSE:CPI Capita. Close Mid-Price: 390 Percentage Change: + 0.00% Day High: 0 Day Low: 0

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LSE:GRG Greggs. Close Mid-Price: 1745 Percentage Change: + 0.00% Day High: 0 Day Low: 0

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LSE:HSBA HSBC. Close Mid-Price: 1404 Percentage Change: + 0.00% Day High: 0 Day Low: 0

In the event of HSBC enjoying further trades beyond 1416.8, the share sho ……..

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LSE:ITM ITM Power. Close Mid-Price: 194.7 Percentage Change: + 0.00% Day High: 0 Day Low: 0

In the event of ITM Power enjoying further trades beyond 196, the share s ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 1987.5 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Further movement against Standard Chartered ABOVE 2012p should improve ac ……..

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*** End of “Updated Today” comments on shares

A remarkable victim on the rise of AI has been our little red tractor/, the “high maintenance” beast finally battered into submission by a robot lawnmower. This stupid little device, its cutting width of just 7 inches easily overwhelmed by the big machines 38 inch cut is likely to be sold off, dismissed without a backward glance, as a toy robot claiming to use AI has made its demise inevitable. The problem for the big mower is one of cost.  It needs a new cutting deck attachment, either a “cheap one” which dangles underneath the tractor like low hanging swords. Available from £2,500. The alternative is towed behind the tractor, driven from the power “take off” just behind the drivers seat. These are available from £4,500, But Aldi had a robot mower for just 199.95, a box of tricks allegedly capable of handling our horrid patch of grass.

Guess what? It can and does so in a mesmerising manner. While the 7 inch wide cut is laughable, when the robot drives itself in random patterns on the grass it is always cutting and after a few hours, the lawn is starting to look normal. After a couple of days, it became very hard to criticise, the robot cheerfully accepting 6 hours of cutting duty, confining itself in a charging station every hour or so before resuming work. Driving in pegs to define the limits was a nuisance and back breaking as we needed a couple of hundred. But with this job done properly, the robot becomes a “fire and forget” machine, its claimed Artificial Intelligence proving the strength of fairly simple software design. Essentially the code copes with; “Can’t go left, try right. Can’t go left or right, try reversing for a few feet. Now try going left. And so on. That’s about as complicated as it gets and if customers are willing to accept an even grass cut, one delivered without Stripes, the tiny little robot becomes a strong contender. For just £200, the red tractor will be sold – or taken to the dump at the end of the grass season.

The episode has served as a sharp remind just because something is NEW, it don’t necessarily mean its bad. Though humans displaced by AI with be justified in irritation, our benched red tractor unable to express emotion. Our robot lawnmower rocks, patrolling quietly with a Highland Cow manning a twin heavy machine gun mounted on its back (video to follow). The ease with which the robot stole the tractors job was the bigger shock, one which should have call centre and support staff feeling really worried. They exist in an industry with a restricted set of inputs from customers, facing an equally restricted set of solutions. The ruling software code is going to be little different fron the lawnmowers, recoiling down a line of logic in search of an answer. Our arguments cynical of true AI remain but the availability of chipsets capable of giving a simulation of AU is impressive.

Of course, this brings us to Lloyds share price, currently sitting at 101.50p and displaying a point where an AI would be contemplating engaging reverse and backing away. After all, the share closing hard against a downtrend since 1999 is bad, the share price being in the 3rd in a series of “lower lows” We’re far from convinced the sky is about to fall as above 102p should construct an argument to visit 107.5p next with our secondary, if bettered, a ground breaking future 117p.

This future 117p, while perfectly capable of constructing some excuses for stutters in the near future, becomes important. From our Big Picture perspective, it will now advance the share price into a region where a future attraction now from 153p shall be deemed possible. If the bank intends spoil the party, the share price now needs close below 93p to mince our positive calculations.

What an amazing weekend it was. Superb weather, a Canadian GP which was entertaining for the first half, then entertaining during the closing laps, and our granddaughters being subdued, deciding wearing their PJ’s all day while lazing around the house.  It still seems to be the case Scot’s are not programmed to function above 20c!

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
11:06:29PM	BRENT	9602.7	9596	9262	8693	9660	9758	9818	9986	9549
11:09:46PM	GOLD	4500.23	4483	4461	4421	4531	4549	4587	4602	4512
11:37:06PM	FTSE	10498	10470	10453	10409	10516	10567	10604	10645	10512
11:47:29PM	GERMANY	25249.2	25061	24961	24798	25300	25384	25454	25551	25242
11:19:24PM	US500	7527.7	7501	7483	7459	7530	7553	7570	7593	7532
11:22:08PM	DOW	50531.2	50352	50238	49938	50527	50952	51129	51388	50794
11:29:07PM	NASDAQ	30018	29673	29527	29355	29775	30043	30165	30394	29846
11:35:41PM	JAPAN	66344	65179	64638	64022	65664	66482	67022	68127	66075

 

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:CPI Capita** **LSE:ITM ITM Power** **LSE:OXIG Oxford Instruments** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:STAN Standard Chartered** **LSE:TERN Tern Plc** **

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Updated charts published on : Capita, ITM Power, Oxford Instruments, Scottish Mortgage Investment Trust, Standard Chartered, Tern Plc,

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LSE:CPI Capita. Close Mid-Price: 394 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Target met. Further movement against Capita ABOVE 399.5 should improve ac ……..

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LSE:ITM ITM Power. Close Mid-Price: 180 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Target met. Further movement against ITM Power ABOVE 189.4p should improv ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 3134 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Target met. In the event of Oxford Instruments enjoying further trades be ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 1520 Percentage Change: + 0.00% Day High: 0 Day Low: 0

In the event of Scottish Mortgage Investment Trust enjoying further trade ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 1978.5 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Target met. In the event of Standard Chartered enjoying further trades be ……..

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LSE:TERN Tern Plc. Close Mid-Price: 1 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Target met. Further movement against Tern Plc ABOVE 1.225 should improve ……..

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*** End of “Updated Today” comments on shares.

#FTSE #GOLD The UK Government, always a market leader in impoverishing its citizens, spent the last week announcing what was effectively the grand total of zero help. First, we had the unedifying sight of the Prime Minister announcing people would experience savings of 5p per litre on fuel. The truth was the exact opposite, the government would not be charging their extra 5p for fuel tax (duty). It was the equivalent of the bloke announcing the average household would be £5,000 better off as he’d decided not to increase income tax. Absolutely no-one would be better off and the much vaunted VAT reduction to 5% on certain restrictive items would lead to around £10 annually saved per UK household, this figure released (between bouts of laughter and giggles) by the left leaning Institute for Fiscal Studies. The UK Government appear to be missing the point, people want to eat regularly, heat and light their homes, and travel to work, yet no effort is being made to address the core issues.

There is one aspect of the governmental effort worth remembering. By cutting VAT to 5% against a pathetic range of children’s charges, it has been finally conceded the 20% VAT rate is no longer sacrosanct and can be further addressed in the future. If politicians decide to do anything useful to assist with the cost of ‘existing’ in the UK.

Obviously, our primary concern is the cost of ingredients for making wine and using 1kg sugar as a benchmark, the cost varies between the main supermarkets by an astounding 40%. It’s useful to note Sainsbury are cheapest at 89p/kg for granulated sugar as opposed to a high at 135p/kg from another retailer who was 100p/kg just a week ago. To explain, usually purchasing 60kg (4 x 15 bag outers) at the start of the fermentation season means the core ingredient is taken care of, just needing grape concentrate from various regions of Europe, along with various odds and ends, ensures the process can commence, our two 30 litre primary fermentation drums hopefully kept busy. There would be no point in creating a fermentation shed, if it wasn’t kept busy. But to be fair, it’s highly probable nothing shall be produced in 2027 or 2028 as our wine racks will be utterly full. That is, always assuming we can replicate last years Rioja, Merlot, Pinot Gris, and Chardonay. Though this year, we are trying something different in a never ending attempt to reach the holy grail quality of Chateauneuf Du Pape, trying a repeat fermentation of particular Grenache concentrate. Our suspicion is the journey toward a wine which retails at 40 quid+ for a decent bottle shall not be a cheap trip, conventional methodology being ditched in favour of the unorthodox. But heck, with this hobby, it’s the journey which matters, perhaps more than the final product.

On a brighter note, it’s the Canadian Grand Prix this weekend, usually a reliable shambles of a race with lots of rumours already available promising a fall-out between F1 drivers and the body who keep getting the rules very wrong.

As for the FTSE, the index has been driving us insane, refusing to behave with any degree of logic and the USA/Iran thing being blamed for everything. It’s almost as if President Trump’s attempt to shake up the world economy with tariffs failed, so he’s applied a completely different technique to screw everything up and provoke a “restart” where Covid-19 failed, where Ukraine failed, where Tariffs failed, and its possible the “Straits” thing will also fail. Perhaps the world simply shall cheerfully slide back into the rut it’s been stuck in, producing lacklustre politicians and lacklustre economies, all of whom were happy to function in the stability of stagnation. Who knows, it’s a theory and perhaps a warning of the dangers of reading essays on current economics. Sometimes, they start to make an awful lot of sense, unfortunate if one examines international posturing before WW1 and then, before WW2…

Heading into a holiday weekend, the FTSE is currently wearing a happy hat. Apparently, above 10,472 points should produce a lunge to an initial 10,501 points and a challenge of the immediate Blue downtrend. Our secondary, should this initial be exceeded, works out at a relatively useful 10,572 points. If triggered, the tightest stop looks like an amazing 10,470 points. Common sense suggests wider, preferably around 10,360 points.

As usual, we can present a converse scenario as below 10,360 points risks triggering reversal to an initial 10,300 points with our secondary, if broken, a very possible bounce point at 10,216 points.

Have a good weekend. We’ll be back on Tuesday as usual.

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
11:02:25PM	BRENT	10080	9984	9830	9454	10160	10546	10643	10912	10272	‘cess
11:04:51PM	GOLD	4545.1	4488	4468	4434	4522	4570	4590	4636	4533
11:07:50PM	FTSE	10505.2	10348	10299	10224	10404	10513	10530	10670	10442	Success
11:13:25PM	STOX50	6025	5922	5880	5826	6000	6042	6051	6131	5955
11:16:14PM	GERMANY	24870.9	24534	24397	24222	24720	24880	24920	25348	24628	‘cess
11:19:18PM	US500	7457.9	7389	7364	7331	7424	7466	7478	7525	7427	‘cess
11:39:14PM	DOW	50347.2	49700	49559	49284	50004	50378	50580	51083	50148	Success
11:42:21PM	NASDAQ	29415.1	29034	28918	28738	29250	29462	29679	30048	29172	‘cess
11:44:56PM	JAPAN	62156	60974	60533	59938	61513	62318	62696	63836	61940	‘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…

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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:CPI Capita** **LSE:GRG Greggs** **LSE:IGG IG Group** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **

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Updated charts published on : Capita, Greggs, IG Group, Scottish Mortgage Investment Trust, Standard Chartered,

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LSE:CPI Capita. Close Mid-Price: 370.5 Percentage Change: + 0.00% Day High: 0 Day Low: 0

All Capita needs are mid-price trades ABOVE 377 to improve acceleration t ……..

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LSE:GRG Greggs. Close Mid-Price: 1728 Percentage Change: + 0.00% Day High: 0 Day Low: 0

All Greggs needs are mid-price trades ABOVE 1728 to improve acceleration ……..

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LSE:IGG IG Group. Close Mid-Price: 1837 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Target met. In the event of IG Group enjoying further trades beyond 1880p ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 1470 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Target met. Continued trades against SMT with a mid-price ABOVE 1502 shou ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 1936.5 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Target met. All Standard Chartered needs are mid-price trades ABOVE 1954. ……..

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LSE:TSCO Tesco. Close Mid-Price: 464.7 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Below 442 now threatens reversal to an initial 411p with our secondary, if ……..

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*** End of “Updated Today” comments on shares

#GOLD #GERMANY Sometimes we switch to analysis purely by closing price, due to the stock market playing games with crazy intraday pricing. PureTech were victims of this sort of game back in 2021 when from January through to June, the share price suffered bonkers intraday swings, yet the closing prices managed to define a new downtrend. With our usual lack of imagination, it’s the Blue line on the chart where despite the series of mad intraday swings, the market somehow contrived to produce what looks like a planned downtrend. If this is indeed the case, perhaps things are about to become interesting for the share, especially as we’ve  received a few emails asking our opinion.

The two chart extracts below highlight, quite nastily, an occasion when intraday candles have the capability of producing a completely wrong trend, one which can be ignored. Instead, a cunning plan was gestating, one which involved the closing price each day.

The sort of nonsense above isn’t coincidence. We routinely check trend lines, just to confirm if a share is being mapped by the (usually accurate) High of The Day or the (very important) Day Closing price. Should this indeed be the case, PureTech is being presented as a share where either Closure above 136p or intraday traffic above 143p shall be important, hopefully triggering share price recovery to an initial confident 152p with our secondary, if bettered, a longer term 166p.  This secondary is quite a big deal, exposing the share price to a lure at 200p and beyond?

The fly in the ointment comes, if the price closes below just 128p as this would utterly foul up our calculations, creating an unpleasant situation where weakness to 82 becomes possible with our secondary, if broken, an ultimate bottom of just 44p, a level before which we’d anticipate a real bounce.

However, the biotechnology company are “real”, doing the research and producing successful drugs. On this alone, we lean toward optimism for the future though, above 200p will require we take a good hard look at the tea leaves.

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
11:23:10PM	BRENT	10132
11:26:38PM	GOLD	4536.39	4467	4446	4411	4516	4552	4577	4618	4522
11:30:45PM	FTSE	10405									‘cess
11:35:47PM	STOX50	5962.3									‘cess
11:38:37PM	GERMANY	24691.5	24439	24280	24078	24598	24793	24907	25157	24694
11:44:00PM	US500	7399.2									Success
11:46:53PM	DOW	49884									Success
11:50:45PM	NASDAQ	29113.6									‘cess
11:53:08PM	JAPAN	61243									‘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…

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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:CPI Capita** **LSE:EMG MAN** **LSE:IGG IG Group** **LSE:TSCO Tesco** **

********

Updated charts published on : Capita, MAN, IG Group, Tesco,

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LSE:CPI Capita. Close Mid-Price: 374 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Target met. Continued trades against CPI with a mid-price ABOVE 374p shou ……..

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LSE:EMG MAN. Close Mid-Price: 283.4 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Target met. Continued trades against EMG with a mid-price ABOVE 288p shou ……..

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LSE:IGG IG Group. Close Mid-Price: 1805 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Target met. Further movement against IG Group ABOVE 1805 should improve a ……..

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LSE:TSCO Tesco. Close Mid-Price: 460.2 Percentage Change: + 0.00% Day High: 0 Day Low: 0

Below 442 now threatens reversal to an initial 411p with our secondary, if ……..

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*** End of “Updated Today”