All the best,
Mark
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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Thursday, June 30, 2011
Update* Mark Austin FTSE Trading Services - 30 June 2011
We have made a fresh high compared to yesterday's market action so 5910 is on the cards.
Mark Austin FTSE Trading Services - 30 June 2011
We saw acceptance over 5820 yesterday so we are likely to see higher prices towards 5910 in the short term.
Its the first of the month tomorrow and if the FTSE can close the week above 5850 as well then that will be enough to conclude the worst of the correction is behind us. We will then revert to long term buying opportunities (swing trades).
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Its the first of the month tomorrow and if the FTSE can close the week above 5850 as well then that will be enough to conclude the worst of the correction is behind us. We will then revert to long term buying opportunities (swing trades).
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Wednesday, June 29, 2011
Mark Austin FTSE Trading Services - 29 June 2011
With the FTSE making a clear break above 5750 yesterday on the back of American news it is of little surprise to see prices trading close to 5800.
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Tuesday, June 28, 2011
Mark Austin FTSE Trading Service - 28 June 2011
Good morning
Today we have a magnet target and I expect this to be reached as long as we do not make a clear break above 5750 at the open. 5750 is resistance on the one hour chart and also a camarilla break out level to the upside.
I am leaning towards further selling today but I have to respect that its a Tuesday and these days have a tendency to be positive in a bull market. Yes we are still in a bull market even though the short term price action is negative.
Today we have a magnet target and I expect this to be reached as long as we do not make a clear break above 5750 at the open. 5750 is resistance on the one hour chart and also a camarilla break out level to the upside.
I am leaning towards further selling today but I have to respect that its a Tuesday and these days have a tendency to be positive in a bull market. Yes we are still in a bull market even though the short term price action is negative.
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Monday, June 27, 2011
Mark Austin FTSE Trading Services - 27 June 2011
We are starting the week in a similar manner to last week with futures hovering around the same price level. Investors are still concerned with Greece and uncertainty remains. Clearly major support lies at 5645 and as long as this level holds, low risk buying opportunities can be made. Likewise a break of 5645 will lead to more selling down towards 5600. There will be clusters of buy and sell orders around 5645 and I classify this as an ''emotional level''. An emotional level will give way to false breaks so if there is a break of 5645 its wise to sell a retest rather than the intial break.
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The complete FTSE Trading analysis and trading opportunities are available when you sign-up to the service through the Mark Austin Trading website.
Friday, June 24, 2011
Mark Austin FTSE Trading Services - 24 June 2011
Good morning
News on Greece has pushed FTSE futures up over night to our shorting level yesterday at 5739. Volatile action and linked to our discussions earlier in the week that with the Greek saga being dragged out until July we can expect increased volatile action between 5600-5800. Even with aid there is no guarantee Greece will still not default. We should have even more volatility today with US GDP being released at 1.30pm. Its a shame the tunnels are not in a good range to trade.
News on Greece has pushed FTSE futures up over night to our shorting level yesterday at 5739. Volatile action and linked to our discussions earlier in the week that with the Greek saga being dragged out until July we can expect increased volatile action between 5600-5800. Even with aid there is no guarantee Greece will still not default. We should have even more volatility today with US GDP being released at 1.30pm. Its a shame the tunnels are not in a good range to trade.
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Thursday, June 23, 2011
Mark Austin FTSE Trading Services - 23 June 2011
Good morning
No real change on yesterday's analysis. We observed a new high above 5783 and there was a clear failure. At this stage I would not want to see the market return above this level.
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Wednesday, June 22, 2011
Update* Mark Austin FTSE Trading Services - 22 June 2011
Well its taken all day but we have made a new high above 5780. The market also stopped dead just above 5739 so the sell order remains valid if we break through 5739 once again.
We have the FED meeting this afternoon in the US so American markets may be quiet until then.
Mark Austin FTSE Trading Services - 22 June 2011
Good morning
The FTSE hit the first magnet yesterday and has since rallied into the sell zone I mentioned yesterday (5760-5800). The rally was also linked with low volume so this looks like a short squeeze at present. I will change my view if we see acceptance above 5820. This should be the stop for positional short traders.
I will now look to position for the second magnet.
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Tuesday, June 21, 2011
Mark Austin FTSE Trading Services - 21 June 2011
Good morning
A nice bounce off 5644 yesterday opens the doors to higher prices today but with the Greek saga being dragged out until July I expect volatility to increase between the range 5600-5800.
For the bulls the area between 5769 - 5820 becomes a key objective but we need acceptance above 5820 to put this correction behind us. Until then I am only focusing on ''short'' positional trades as mentioned yesterday. The sell zone is between 5760-5800 and an area I will be looking for sell signals.
For the shorter term trades we can continue using magnets for trade set ups which are still the most powerful leading indicator I have come across when trading the FTSE on a short term basis.
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Monday, June 20, 2011
Mark Austin FTSE Trading Services - 20 June 2011
A quiet start to say the least but this is good for the bulls. If we can break the high for the day the magnet becomes viable.
Mark Austin FTSE Trading Services - 20 June 2011
Good morning
Global markets closed in an indecisive manner last week. In terms of the FTSE we saw heavy selling during the week and then an inside day (FTSE traded within the previous days range) produced off the back of expiry and a double bottom at 5645. This can indicate a change in sentiment but in terms of buying, caution is advised until we see an end of day close above 5769 (Friday's rally could have just been short covering). The same level advised on Friday. I will not be placing any longs until we see this unless we see extreme over sold conditions on the back off panic selling.
This mornings magnet stands.
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Global markets closed in an indecisive manner last week. In terms of the FTSE we saw heavy selling during the week and then an inside day (FTSE traded within the previous days range) produced off the back of expiry and a double bottom at 5645. This can indicate a change in sentiment but in terms of buying, caution is advised until we see an end of day close above 5769 (Friday's rally could have just been short covering). The same level advised on Friday. I will not be placing any longs until we see this unless we see extreme over sold conditions on the back off panic selling.
This mornings magnet stands.
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Friday, June 17, 2011
Mark Austin FTSE Trading Services - 17 June 2011
Good morning
Its triple witching today on the FTSE 100 when futures and options expire at the same time between 10.05 - 10.15 am. This will create a short burst of volatility. The triple witching strategy was given to subscribers yesterday which you can consider using and I shall update the figures just before 10am. Experienced traders can also look at fading the price spikes during these ten minutes. The expiry will create trade activity which is not linked to actual trade volume so you will in most cases see the move retraced back to where the market was before the expiry event.
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Its triple witching today on the FTSE 100 when futures and options expire at the same time between 10.05 - 10.15 am. This will create a short burst of volatility. The triple witching strategy was given to subscribers yesterday which you can consider using and I shall update the figures just before 10am. Experienced traders can also look at fading the price spikes during these ten minutes. The expiry will create trade activity which is not linked to actual trade volume so you will in most cases see the move retraced back to where the market was before the expiry event.
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Thursday, June 16, 2011
Mark Austin FTSE Trading Services - 16 June 2011
Good morning
Our main target for the week was reached yesterday at 5718 and at this stage I do not have any lower targets to warrant positioning short for.
We have discussed the nature of this decline for some weeks now and the fact remains we are not seeing an impulsive decline. For this reason I do not categorise this move as the start of a longer term decline / bear market. Longer term subscribers will know that as long as the market avoids an end of day close below 5470 the overall market remains in a bullish trend and anything you read or see on the TV is just noise until this is observed. We have a quarterly expiry tomorrow and this could signal the end of this decline. Any move towards 5600 would be a good buying opportunity.
Today's magnet stands.
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Our main target for the week was reached yesterday at 5718 and at this stage I do not have any lower targets to warrant positioning short for.
We have discussed the nature of this decline for some weeks now and the fact remains we are not seeing an impulsive decline. For this reason I do not categorise this move as the start of a longer term decline / bear market. Longer term subscribers will know that as long as the market avoids an end of day close below 5470 the overall market remains in a bullish trend and anything you read or see on the TV is just noise until this is observed. We have a quarterly expiry tomorrow and this could signal the end of this decline. Any move towards 5600 would be a good buying opportunity.
Today's magnet stands.
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Wednesday, June 15, 2011
Mark Austin FTSE Trading Services - 15 June 2011
Good morning,
A close under the 200 moving average yesterday (currently at 5810) keeps this market negative.
My analysis remains the same from yesterday. A move to 5830 followed by a decline to 5718. Futures reached around 5825 last night so just shy of this selling target.
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A close under the 200 moving average yesterday (currently at 5810) keeps this market negative.
My analysis remains the same from yesterday. A move to 5830 followed by a decline to 5718. Futures reached around 5825 last night so just shy of this selling target.
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Tuesday, June 14, 2011
Mark Austin FTSE Trading Services - 14 June 2011
Good morning
We are currently trading above 5800 and this action can be categorised as a short squeeze and we may see higher prices towards 5830 today. After that I expect a move to 5718.
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We are currently trading above 5800 and this action can be categorised as a short squeeze and we may see higher prices towards 5830 today. After that I expect a move to 5718.
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The complete FTSE Trading analysis and trading opportunities are available when you sign-up to the service through the Mark Austin Trading website.
Monday, June 13, 2011
Mark Austin FTSE Trading Services - 13 June 2011
Good morning
A weekly close below 5800 has left the FTSE weak and vulnerable to further downside towards 5600 (March lows). We also saw a negative outside day on the daily chart on Friday (the FTSE made a higher high and a lower low when compared to the previous trading day and also closed lower). Negative price action.
With that said we also have a quarterly expiry on Firday and these events often co-inside with reversal points so we could see a good buying opportunity for the longer term towards the end of the week and at this stage given the correctional and messy nature of this decline I do not feel this is the makings of something bigger.
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The complete FTSE Trading analysis and trading opportunities are available when you sign-up to the service through the Mark Austin Trading website.
A weekly close below 5800 has left the FTSE weak and vulnerable to further downside towards 5600 (March lows). We also saw a negative outside day on the daily chart on Friday (the FTSE made a higher high and a lower low when compared to the previous trading day and also closed lower). Negative price action.
With that said we also have a quarterly expiry on Firday and these events often co-inside with reversal points so we could see a good buying opportunity for the longer term towards the end of the week and at this stage given the correctional and messy nature of this decline I do not feel this is the makings of something bigger.
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Friday, June 10, 2011
Mark Austin FTSE Trading Services - 10 June 2011
Good morning
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We expected a rise from American markets yesterday and this pushed the FTSE up in the afternoon resulting in a close above the MA 200. I have mentioned this before but the FTSE has a tendency to produce bear and bull traps above and below key levels. Its therefore always best to wait for 2 end of day closes or a weekly close to read too much into a major technical breach when its against the main trend. The main trend for markets is still ''up''.
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Thursday, June 9, 2011
Trading the bigger picture
Dear Reader,
2 months ago I was fortunate enough to have Bill Adlard, one of the UK's most experienced chartists attend my seminar for a talk on where markets are heading in the ''bigger picture''. A talk which left me mesmerized.
A few years ago Bill called the market top after highlighting key turning points in several markets and decided to change his money into USD.
As well as getting $2 for every £1, he put the $ into a ''short'' fund and when the markets fell he made another fortune.
Bill had the right thought and took the right action- he bought the $ at a key low and sold the Dow at the top.
Bill now talks on the current situation and what is really happening!
Luckily the talk was filmed and I am now going to make this available. The information in this DVD is extremely valuable and may make a big difference to your finances over the next few years.
Are we about to see a major move? Well if we look at the FTSE it has been static and range bound all year. When you see a move like this develop, the longer it continues the larger the move and this is very similar to other major indices. If I look at other markets, there are major financial black holes developing right now which could lead to another significant financial crisis over the next 2 years.
The DVD comes as a personal recommendation and is highly useful with lots of insightful information to help you make the right decisions at the right time.
Bill is releasing 25 copies of this DVD at just £97 before the marketing is finished.
You will also get Bill's Market Service absolutely FREE for 6 months - currently this comes out once every month but Bill may increase this and he plans to charge at least £197 for this alone!
Don't miss this fantastic opportunity and signup today through this link here.
The dvd also comes with a full money back guarantee. If you don't find the information useful simply return the DVD in re-saleable condition within three months for a full money back guarantee.
To get the full Bill Adlard recording, including the 6 month service, simply sign up below
https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=M4WZUQP9V82TG
Regards,
Mark Austin
2 months ago I was fortunate enough to have Bill Adlard, one of the UK's most experienced chartists attend my seminar for a talk on where markets are heading in the ''bigger picture''. A talk which left me mesmerized.
A few years ago Bill called the market top after highlighting key turning points in several markets and decided to change his money into USD.
As well as getting $2 for every £1, he put the $ into a ''short'' fund and when the markets fell he made another fortune.
Bill had the right thought and took the right action- he bought the $ at a key low and sold the Dow at the top.
Bill now talks on the current situation and what is really happening!
Luckily the talk was filmed and I am now going to make this available. The information in this DVD is extremely valuable and may make a big difference to your finances over the next few years.
Are we about to see a major move? Well if we look at the FTSE it has been static and range bound all year. When you see a move like this develop, the longer it continues the larger the move and this is very similar to other major indices. If I look at other markets, there are major financial black holes developing right now which could lead to another significant financial crisis over the next 2 years.
The DVD comes as a personal recommendation and is highly useful with lots of insightful information to help you make the right decisions at the right time.
Bill is releasing 25 copies of this DVD at just £97 before the marketing is finished.
You will also get Bill's Market Service absolutely FREE for 6 months - currently this comes out once every month but Bill may increase this and he plans to charge at least £197 for this alone!
Don't miss this fantastic opportunity and signup today through this link here.
The dvd also comes with a full money back guarantee. If you don't find the information useful simply return the DVD in re-saleable condition within three months for a full money back guarantee.
To get the full Bill Adlard recording, including the 6 month service, simply sign up below
https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=M4WZUQP9V82TG
Regards,
Mark Austin
Mark Austin FTSE Trading Service Update - 9 June 2011
Good morning
We broke through 5830 yesterday but in a very unconvincing manner with low volume . We do not see this action at the beginning of a major move and instead near the end. The fact that the wave count is also very hard to label at present also indicates that the price action we are seeing is correctional and not impulsive.
Trading opportunities - The Magnet still stands.
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The complete FTSE Trading analysis and trading opportunities are available when you sign-up to the service through the Mark Austin Trading website.
Wednesday, June 8, 2011
Mark Austin FTSE Trading Services Update - 8 June 2011
Good morning
The FTSE is making higher highs but on the back end of low momentum. If the FTSE is going to stay positive we should see confirmation today. At present American markets are holding the FTSE back and trying to drag it lower.
5830 supports this market today and whilst above the bulls are in charge. If we break this level once again with strong volume we will see more selling towards 5800 and lower.
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The complete FTSE Trading analysis and trading opportunities are available when you sign-up to the service through the Mark Austin Trading website.
The FTSE is making higher highs but on the back end of low momentum. If the FTSE is going to stay positive we should see confirmation today. At present American markets are holding the FTSE back and trying to drag it lower.
5830 supports this market today and whilst above the bulls are in charge. If we break this level once again with strong volume we will see more selling towards 5800 and lower.
You can subscribe to this feed and receive free daily trading information by email. To subscribe click here
The complete FTSE Trading analysis and trading opportunities are available when you sign-up to the service through the Mark Austin Trading website.
Tuesday, June 7, 2011
Mark Austin FTSE Trading Services Update - 7 June 2011
Good morning
Yesterday we saw the FTSE rise above 5860 which was positive but on the back of very weak volume. Overnight activity has tested 5820 but the market did not move below this level which was yesterday's stop criteria. At this stage a move below 5800 on the back of high volume would be a real blow for the bulls and would open the doors to 5680. 5796 is the stop for this market for any long trades.
This morning have another magnet target.
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The complete FTSE Trading analysis and trading opportunities are available when you sign-up to the service through the Mark Austin Trading website.
Monday, June 6, 2011
Mark Austin FTSE Trading Services Update - 6 June 2011
Good morning
On Friday we saw the anticipated decline to 5800 which was highlighted if we broke through 5860 on my last report. As mentioned there is very strong support at 5800 and only a daily close below this level changes this bullish market. In fact I would be inclined to only take note of 2 daily closes below 5800 given the fact that the FTSE has a tendency to produce quite a few ''bear traps'' below key technical levels to side step traders.
This week I anticipate the FTSE to reach the magnet target.
The complete FTSE Trading analysis and trading opportunities are available when you sign-up to the service through the Mark Austin Trading website.
Friday, June 3, 2011
Mark Austin FTSE Trading Services Update - 3 June 2011
Good morning
Its non farm payrolls day in the US so expect some market action after 1.30pm particularly as the economic situation is once again under close scrutiny. Traders will be paying close attention to the numbers today.
The complete FTSE Trading analysis and trading opportunities are available when you sign-up to the service through the Mark Austin Trading website.
Thursday, June 2, 2011
Mark Austin FTSE Trading Services Update - 2 June 2011
Good morning
The FTSE retested our key zone yesterday at 5910 however this morning we are trading below. The market must regain ground above 5910 again otherwise we run the risk of further selling towards 5820.
The complete FTSE Trading analysis and trading opportunities are available when you sign-up to the service through the Mark Austin Trading website.
Wednesday, June 1, 2011
Mark Austin FTSE Trading Services - 1 June 2011
Good morning
Its the first of the month today so we we may see buyers (funds injecting new capital) enter early on but I do not anticipate the FTSE will move above 6024 before we have retested 5910 first.
The close last night for the FTSE at 4.30pm was 5990 however taking into account the 16.8 dividend, the real adjusted close was 5974 and I expect the market to reach this level today. If we see a clear penetration through 5974 this should open the market up to more selling.
There will be an SMS alert to trade if conditions suit.
The complete FTSE Trading analysis and trading opportunities are available when you sign-up to the service through the Mark Austin Trading website.
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