FTSE Trading Report - 30 April 2013

The FTSE finished on its highs yesterday and this level should get re-tested again if we open below #### (clients only) and stay below this level [Read the full report]

FTSE Trading Report - 29 April 2013

I mentioned on Friday that if the FTSE dropped below 6410 and then closed back above this level we could see a short term rally come in on Monday [Read the full report]

FTSE Trading Report - 26 April 2013

I am still looking for the FTSE to pause for breath and pull back towards the fib level at 6389. 

FTSE Trading Report - 25 April 2013

6400 was a key level yesterday and set the tone for most of the day i.e bullish above.  The FTSE has put on some impressive gains over the last 2 days with no pause for breath. I would expect a small pull back today.

FTSE Trading Report - 24 April 2013

After a large trending day yesterday the FTSE is likely to consolidate this morning.

FTSE Trading Report - 23 April 2013

The FTSE has seen the rally towards 6330-6340 that we discussed last week if 6270 was penetrated. We have now duly fallen back.

FTSE Trading Report - 22 April 2013

The FTSE is gapping up higher this morning and its into an area which we had discussed last week 

FTSE Trading Report - 19 April 2013

The FTSE is hovering at key resistance once again (6270). This level kept the FTSE bearish yesterday. 

FTSE Trading Report - 18 April 2013

The FTSE crashed through 6263 yesterday which gave a sell signal and at this stage the FTSE targets #### (clients only).   We have important resistance at 6270 today. 

FTSE Trading Report - 17 April 2013

We have support at 6300 this morning and whilst above we could see another move towards 6350

FTSE Trading Report - 16 April 2013

Our 6315 target was hit yesterday and as mentioned last week we have entered into a sideways channel [Read the full report]

FTSE Trading Report - 12 April 2013

Yesterday we saw the rally towards 6430 and we have duly fallen back. If the FTSE opens below yesterdays market low then we could see more selling towards (clients only) today.

FTSE Trading Report - 11 April 2013

The FTSE broke above 6350 yesterday which was short term positive.  Whilst the FTSE avoids an end of day close below 6350 then higher prices can be expected [Read the full report]

FTSE Trading Report - 10 April 2013

We have 2 unfilled UP gaps in a row for the FTSE so if we open above 6313 today we should see the FTSE retrace [Read the full report]

FTSE Trading Report - 9 April 2013

Wave 4 is still in progress and we await for wave 5 to commence down (see attached chart). A break below (Clients Only) would confirm wave 5 is underway [Read the full report]

FTSE Trading Report - 8 April 2013

Our April sell off target at 6220 was achieved on Friday and earlier than I thought.  The target coinsides with support from the 7th February. I have attached (clients only) the wave count we can expect to see over the coming sessions. Wave 3 ended at 6214 on Friday and the bounce higher is wave 4 up [Read the full report]

FTSE Trading Report - 5 April 2013

A clear move through 6416 yesterday which was the sell trigger for the day and one we discussed. Right now the FTSE is negative whilst we avoid trade activity above 6500.   There is lots of uncertainty in the markets at present with Korea, Cyprus etc [Read the full report]

FTSE Trading Report - 4 April 2013

Back through 6432 we went yesterday and closed below this level.  The indecisive price action indicates the smart money is not participating on Tuesday's break back above 6432 [Read the full report]

FTSE Trading Report - 3 April 2013

The FTSE blasted through 6432 (resistance yesterday) and never looked back.  Whilst above 6432 the FTSE could easily make a new high towards 6572 [Read the full report]

FTSE Trading Report - 2 April 2013

Its the first of a new trading month today (funds usually commit new monies), we have a 4 point dividend and there are a few days left before the ISA deadline comes in for the end of the tax year [Read the full report]