Good morning
Today is the last day of October trading. Next week I expect trading activity to pick up and here is why:
* Elections end on 2nd November
* FED announces new liquidity measures
* Non Farm Payrolls
When I met Mark I was enormously impressed with his FTSE trading abilities, so much so that I decided to recommend him to my clients. John Piper
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Friday, October 29, 2010
Thursday, October 28, 2010
Mark Austin FTSE Service Update - 28th Oct 2010
Good morning
Yesterday was a key day for the FTSE in terms of future direction. I attach a chart showing the FTSE closing under its MA 20. This is the first time it has done this in almost 2 months. This is a bearish sign and signals the index will break down lower very shorty. Initial target 5550. We went long yesterday based on this 2 month trend line however only 50% our usual stake as we had some negative price activity from earlier on in the week.
To get access to the complete email as well as my trading opportunities you can sign-up at my website www.markaustintrading.com
Yesterday was a key day for the FTSE in terms of future direction. I attach a chart showing the FTSE closing under its MA 20. This is the first time it has done this in almost 2 months. This is a bearish sign and signals the index will break down lower very shorty. Initial target 5550. We went long yesterday based on this 2 month trend line however only 50% our usual stake as we had some negative price activity from earlier on in the week.
To get access to the complete email as well as my trading opportunities you can sign-up at my website www.markaustintrading.com
Wednesday, October 27, 2010
Mark Austin FTSE Service Update - 27th Oct 2010
Good morning
I expect yesterdays close at 5707 to be retested today. Currently the market is trading at 5665. I will use this level (5707) as a trade reference.
Its possible the trend has turned down however we could do with firm confirmation which would be a move past 5650. I may therefore look to open a Binary tunnel (last night closing level on the FTSE). Remember with the tunnel trade we can benefit either direction.
Tuesday, October 26, 2010
Mark Austin FTSE Service Update - 26th Oct 2010
Good morning
Yesterday the FTSE filled my price targets in the 5750 region and closed just above here at 5752. No SMS for this as I wanted a slightly higher prices to enter any shorts.
This price action left a rejection candle which we should be aware of at 5800 (see attached chart). This weakens any buy activity above 5700 but the uptrend still remains valid unless we close under 5718 which is the 10 day moving average.
To get access to the complete email as well as my trading opportunities you can sign-up at my website www.markaustintrading.com
Yesterday the FTSE filled my price targets in the 5750 region and closed just above here at 5752. No SMS for this as I wanted a slightly higher prices to enter any shorts.
This price action left a rejection candle which we should be aware of at 5800 (see attached chart). This weakens any buy activity above 5700 but the uptrend still remains valid unless we close under 5718 which is the 10 day moving average.
To get access to the complete email as well as my trading opportunities you can sign-up at my website www.markaustintrading.com
Monday, October 25, 2010
Mark Austin FTSE Service Update - 25nd Oct 2010
Good morning
The FTSE remains in a tight range as indicated by the attached chart.
Key support lies at 5700 and given the fact that the market produced a false break through this area last week, any prices above here call for higher prices towards 5833. I would also air on the caution of shorting a double top scenario (5833) too quickly as many retail investors will be focusing on this.
The FTSE remains in a tight range as indicated by the attached chart.
Key support lies at 5700 and given the fact that the market produced a false break through this area last week, any prices above here call for higher prices towards 5833. I would also air on the caution of shorting a double top scenario (5833) too quickly as many retail investors will be focusing on this.
Friday, October 22, 2010
Mark Austin FTSE Service Update - 22nd Oct 2010
Good morning
The FTSE remains above 5700 so technically we can assume we are heading for a double top scenario (5833). The market sentiment also remains very bullish but for how long? The market will only support buying stocks at high prices for so long. Once all the government stimulus news has been digested there will be little to support these markets and a correction is inevitable.
I did highlight several weeks ago that when everyone expects an event it rarely come to fruition. In this case the double top could simply collapse and a wave of selling come in. For this reason I deem it appropriate to step aside until the market reveals its next move. If the selling starts there will be plenty of opportunities to enter. Likewise if we get one last powerful move to the upside we have a low risk shorting opportunity.
The FTSE remains above 5700 so technically we can assume we are heading for a double top scenario (5833). The market sentiment also remains very bullish but for how long? The market will only support buying stocks at high prices for so long. Once all the government stimulus news has been digested there will be little to support these markets and a correction is inevitable.
I did highlight several weeks ago that when everyone expects an event it rarely come to fruition. In this case the double top could simply collapse and a wave of selling come in. For this reason I deem it appropriate to step aside until the market reveals its next move. If the selling starts there will be plenty of opportunities to enter. Likewise if we get one last powerful move to the upside we have a low risk shorting opportunity.
Thursday, October 21, 2010
Mark Austin FTSE Service Update - 21st Oct 2010
Over the last 24 hours we have seen several false breaks below 5700 with buyers coming in. This mornings false break being particularly bullish and we can assume that whilst the FTSE is above 5700 we are heading for a double top scenario at 5833.
Monday, October 18, 2010
Mark Austin FTSE Trade Summary - 18th Oct 2010
Dear all
Today we bought the FTSE to be up Binary at a price of 21. Half profits were taken at 47 and remainder at 60.
This morning I outlined a large gap on the price charts at 5717 (see this mornings email attached for reference). I also had a POM signal (system) close to this level. Combined with support at 5660 this offered a good opportunity to go long. See attached chart.
I used the binary in case the market went on a stop hunting mission below 5660.
At this stage I am still looking for a correction to at least 5550-5600 and a short term top maybe in at 5770.
To get access to the complete email as well as my trading opportunities you can sign-up at my website www.markaustintrading.com
Mark
Mark Austin FTSE Service Update - 18th Oct 2010
Good morning
The FTSE will open lower today after a volatile Friday session.
The markets are still over bought and in need of a correction however the bullish sentiment remains strong with continued talks of the FED pumping liquidity into the market. Retail investors are reading this in newspapers but what they are not aware of is this information will already be priced into the market. Remember the markets price information in around 6 months ahead of us reading it. A key point to remember if you readily make trading decisions based on articles you read in the press.
The FTSE will open lower today after a volatile Friday session.
The markets are still over bought and in need of a correction however the bullish sentiment remains strong with continued talks of the FED pumping liquidity into the market. Retail investors are reading this in newspapers but what they are not aware of is this information will already be priced into the market. Remember the markets price information in around 6 months ahead of us reading it. A key point to remember if you readily make trading decisions based on articles you read in the press.
Friday, October 15, 2010
Mark Austin FTSE Service Update - 15th Oct 2010
Good morning
Today is expiry on the FTSE. These days can be pivotal with big moves created as traders take on fresh positions in the market. The expiry takes place between 10-10.30 am.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Today is expiry on the FTSE. These days can be pivotal with big moves created as traders take on fresh positions in the market. The expiry takes place between 10-10.30 am.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Mark Austin FTSE Trade Summary - 15th Oct 2010
Good evening
Yesterday I sold the FTSE at 5768 as per my pre market email attached below for reference.
75% of the profits were taken at 5744 and the remaining 25% is still running with a stop at 5744. Target 5680 -5700.
My reasons for the trade
1) Yesterday we opened higher than the previous days close at 5661 and this level was not filled. Today we yet again gapped up higher than Wednesday's close at 5747. After a strong extended rally its rare that a second closing gap is not filled on an intra day basis.
2) My target for the rally was 5750 as mentioned earlier this week
3) Given its expiry tomorrow I was expecting a weak consolidating session
4) POM - System signal - http://www.markaustintrading.com/pomseminar.html
This mornings email for reference
Good morning
Yesterday the market rallied as expected and left a nice short term sell target at 5675.
From a technical front 5820 presents very strong resistance and should be sold on the first touch if we manage to get that far. Given the overbought conditions the market is unlikely to have the strength to penetrate this area first time round.
Today's Trading Opportunities
We have expiry tomorrow and after a strong session yesterday we may consolidate today.
I have a short term sell target at 5741. Current market is 5765. If we open 30 points higher than 5741 I will issue a sell SMS.
Yesterday the market rallied as expected and left a nice short term sell target at 5675.
From a technical front 5820 presents very strong resistance and should be sold on the first touch if we manage to get that far. Given the overbought conditions the market is unlikely to have the strength to penetrate this area first time round.
Today's Trading Opportunities
We have expiry tomorrow and after a strong session yesterday we may consolidate today.
I have a short term sell target at 5741. Current market is 5765. If we open 30 points higher than 5741 I will issue a sell SMS.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Thursday, October 14, 2010
Mark Austin FTSE Service Update - 14th Oct 2010
Good morning
Yesterday the market rallied as expected and left a nice short term sell target at 5675.
From a technical front 5820 presents very strong resistance and should be sold on the first touch if we manage to get that far. Given the overbought conditions the market is unlikely to have the strength to penetrate this area first time round.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Yesterday the market rallied as expected and left a nice short term sell target at 5675.
From a technical front 5820 presents very strong resistance and should be sold on the first touch if we manage to get that far. Given the overbought conditions the market is unlikely to have the strength to penetrate this area first time round.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Wednesday, October 13, 2010
Mark Austin FTSE Service Update - 13th Oct 2010
Good morning
The FTSE maintained it position above 5585 yesterday so the outlook remain bullish. For those wondering the relevance of 5585, this is where the MA 20 lies on the daily cash charts (non futures). I am expecting one more leg up for this rally (circa 5750) which may present a good longer term short position.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
The FTSE maintained it position above 5585 yesterday so the outlook remain bullish. For those wondering the relevance of 5585, this is where the MA 20 lies on the daily cash charts (non futures). I am expecting one more leg up for this rally (circa 5750) which may present a good longer term short position.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Tuesday, October 12, 2010
Mark Austin FTSE Service Update - 12th Oct 2010
Good morning
Yesterday's FTSE action was very muted. As mentioned yesterday, traders are in a dilemma. They are aware FED intervention will help support the markets in the short term however buying stocks at these levels after an extended rally is risky. A healthy pull back is necessary from current levels if we are to make a convincing move above 5833 (the highs this year). If we continue higher without the pull back then the market risks a flash crash scenario.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Yesterday's FTSE action was very muted. As mentioned yesterday, traders are in a dilemma. They are aware FED intervention will help support the markets in the short term however buying stocks at these levels after an extended rally is risky. A healthy pull back is necessary from current levels if we are to make a convincing move above 5833 (the highs this year). If we continue higher without the pull back then the market risks a flash crash scenario.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Monday, October 11, 2010
Mark Austin FTSE Service Update - 11th Oct 2010
Good morning
The release of non farm payrolls and unemployment data in the US did little to phase this current bull run and investors are looking at the FED for continued assistance in the economy. Investors are bullish and this sentiment is growing every day. Of course the problem with this is as the rally continues in an over extended market with clear economic problems, the chances of a flash crash rise. The market is aware of this and the nervous behaviour is reflected in long periods of consolidation (range bound markets).
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
The release of non farm payrolls and unemployment data in the US did little to phase this current bull run and investors are looking at the FED for continued assistance in the economy. Investors are bullish and this sentiment is growing every day. Of course the problem with this is as the rally continues in an over extended market with clear economic problems, the chances of a flash crash rise. The market is aware of this and the nervous behaviour is reflected in long periods of consolidation (range bound markets).
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Friday, October 8, 2010
Mark Austin FTSE Service Update - 8th Oct 2010
Good morning
Today is non farm payrolls day and this is one piece of news that almost always causes a big reaction in the markets. Released at 1.30pm.
During 2008/2009 it was interest rate news making a big impact on the markets. At present its employment.
For trading on big news release days we will use the tunnel trade again as you cannot find an edge trading news with spread bets as your odds are 50/50.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Today is non farm payrolls day and this is one piece of news that almost always causes a big reaction in the markets. Released at 1.30pm.
During 2008/2009 it was interest rate news making a big impact on the markets. At present its employment.
For trading on big news release days we will use the tunnel trade again as you cannot find an edge trading news with spread bets as your odds are 50/50.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Thursday, October 7, 2010
Mark Austin FTSE Service Update - 7th Oct 2010
Good morning
Today sees the start of the third quarter earning season in the US.
We also have a raft of important economic data released over the next 2 days in both the UK and US.
http://www.dailyfx.com/
The big item of news is the Non Farm Payrolls (tomorrow) and we will be looking to profit from the tunnel trade strategy on this.
Yesterday was also the last FED buying purchase until the end of October so we could see some profit taking on the US indices which will drag the FTSE down.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Today sees the start of the third quarter earning season in the US.
We also have a raft of important economic data released over the next 2 days in both the UK and US.
http://www.dailyfx.com/
The big item of news is the Non Farm Payrolls (tomorrow) and we will be looking to profit from the tunnel trade strategy on this.
Yesterday was also the last FED buying purchase until the end of October so we could see some profit taking on the US indices which will drag the FTSE down.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Wednesday, October 6, 2010
Mark Austin FTSE Service Update - 6th Oct 2010
Good morning
Yesterday the Dow Jones advanced and dragged the FTSE up with it. The American move was backed with FED cash injections.
Support for the FTSE now lies at 5560. I am expecting one more advance to the upside before I will consider opening longer term shorts.
Yesterday's daily cash high was 5648 and after a strong push to the upside I expect this to be retested at the open (8am). The current price is 5661.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Yesterday the Dow Jones advanced and dragged the FTSE up with it. The American move was backed with FED cash injections.
Support for the FTSE now lies at 5560. I am expecting one more advance to the upside before I will consider opening longer term shorts.
Yesterday's daily cash high was 5648 and after a strong push to the upside I expect this to be retested at the open (8am). The current price is 5661.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Tuesday, October 5, 2010
Mark Austin FTSE Service Update - 5th Oct 2010
Good morning
We continue to see price exhaustion above 5600 on the back of this low volume rally.
As mentioned yesterday I expect this 5500-5600 range to be broken this week. We have lots of economic news coming out on Thursday and Friday and the US also starts its third quarter earnings on Thursday 7th October. This is good news for trading as volatility will increase providing more trading opportunities.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
We continue to see price exhaustion above 5600 on the back of this low volume rally.
As mentioned yesterday I expect this 5500-5600 range to be broken this week. We have lots of economic news coming out on Thursday and Friday and the US also starts its third quarter earnings on Thursday 7th October. This is good news for trading as volatility will increase providing more trading opportunities.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Monday, October 4, 2010
Mark Austin FTSE Service Update - 4th Oct 2010
Good morning
The FTSE is back in its 100 point range (5500-5600) and lies in the same position as last Monday. One downfall to tight ranges is that trade sets ups with strong signals have little room to progress.
This week is non farm payrolls (on Friday) and I expect this three week range to be broken finally. The move could be very powerful. There are strong signals supporting the bulls and the bears. In brief, the inverted head and shoulders break out at 5477 is supportive of the bulls as well as the 50/200 MA golden cross.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
The FTSE is back in its 100 point range (5500-5600) and lies in the same position as last Monday. One downfall to tight ranges is that trade sets ups with strong signals have little room to progress.
This week is non farm payrolls (on Friday) and I expect this three week range to be broken finally. The move could be very powerful. There are strong signals supporting the bulls and the bears. In brief, the inverted head and shoulders break out at 5477 is supportive of the bulls as well as the 50/200 MA golden cross.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Friday, October 1, 2010
Mark Austin FTSE Service Update - 1st Oct 2010
Good morning
Yesterday produced a negative outside day on the FTSE. This is when the Index makes a lower low, a higher high and then closes below the previous day's closing level (see attached chart). A strong sell signal by all accounts and indicates a trend change. The move to the downside was also supported by strong volume.
On top of this, the VIX which is a measure of volatility has also increased for all global indices. This is another bearish sign.
So at this stage the FTSE looks like it is rolling over and there is certainly some strong selling pressure coming in.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Yesterday produced a negative outside day on the FTSE. This is when the Index makes a lower low, a higher high and then closes below the previous day's closing level (see attached chart). A strong sell signal by all accounts and indicates a trend change. The move to the downside was also supported by strong volume.
On top of this, the VIX which is a measure of volatility has also increased for all global indices. This is another bearish sign.
So at this stage the FTSE looks like it is rolling over and there is certainly some strong selling pressure coming in.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
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