Its the last day of the month and these are usually profit taking days so its unlikely we will see a big rally today unless we break above 6610 very quickly this morning [Read the full report]
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Wednesday, July 31, 2013
Tuesday, July 30, 2013
FTSE Trading Report - 30 July 2013
Yesterday was another range day and we are waiting for a break out. The US markets may well lead the way here as we have FED meetings tomorrow which often spark a reaction [Read the full report]
Monday, July 29, 2013
FTSE Trading Report - 29 July 2013
The FTSE produced another sell signal on Friday with the break through 6600 once again. The FTSE was weak all day however we did see a buy in during the last hour of trade. The professionals dominate the last hour of trade so this was a positive going into the weekend [Read the full report]
Friday, July 26, 2013
FTSE Trading Report - 26 July 2013
Yesterday the FTSE broke below 6600 and duly hit a downside target at 6550. We are now trading back above 6600. Are we set to rally from here or see the start of the summer correction [Read the full report]
Thursday, July 25, 2013
FTSE Trading Report - 25 July 2013
Yesterday was another day for false breaks on the upside and the downside for the FTSE. When the price action is messy we have to label it as correctional which means we could still see a final rally above 6700 over the next few sessions [Read the full report]
Wednesday, July 24, 2013
FTSE Trading Report - 24 July 2013
The lowest price traded on the FTSE yesterday was 6611 even though the market closed at 6597. I would therefore expect the market to revisit 6597 and match up buyers/sellers [Read the full report]
Monday, July 22, 2013
FTSE Trading Report - 22 July 2013
We had a quiet expiry on Friday and also an inside trading day so there is a good chance we will see a decent break out today above or below Friday's high/low [Read the full report]
Friday, July 19, 2013
FTSE Trading Report - 19 July 2013
Today is expiry so I will be looking at a strategic play using one touch 12pm binaries [Read the full report]
Thursday, July 18, 2013
FTSE Trading Report - 18 July 2013
The FTSE is sitting on neutral ground this morning. Range bound trading between 6500-6600 continues however we have expiry tomorrow so I am expecting this range to break very shortly [Read the full report]
Wednesday, July 17, 2013
FTSE Trading Report - 17 July 2013
We discussed the 1 st hour range for the FTSE yesterday and yet again the index failed to break above its first hour range. In the end this led to a negative outside day which is when the FTSE makes a new high and a new low when compared to the previous day and closes down for the day [Read the full report]
Tuesday, July 16, 2013
FTSE Trading Report - 16 July 2013
Its a real mixed bag of price action out there this morning. Technically the FTSE is bullish above 6520 with 6650 and then 6700 as targets however if we look at the last 6 sessions of trade, the FTSE has been unable to sustain any rally after the first hour of trade and continues to pull back [Read the full report]
Monday, July 15, 2013
FTSE Trading Report - 15 July 2013
The FTSE is currently range bound between 6520 - 6587. If we break 6587 then FTSE has a target at 6650 [Read the full report]
Friday, July 12, 2013
FTSE Trading Report - 12 July 2013
The morning session for the FTSE today could consolidate between 6535 and 6570.
Thursday, July 11, 2013
FTSE Trading Report - 11 July 2013
The FTSE fell back to the 6477-6455 range yesterday and we have seen the move to 6600. We have a big gap up this morning and we can target 50% of this today [Read the full report]
Wednesday, July 10, 2013
FTSE Trading Report - 10 July 2013
The market low was 6484 yesterday but we had daily support at 6493. A break below 6491 would indicate a move to #### (clients only) [Read the full report]
Tuesday, July 9, 2013
FTSE Trading Report - 9 July 2013
If the FTSE opens below 6492 this morning then we should see yesterday's high at 6476 retested quickly [Read the full report]
Monday, July 8, 2013
FTSE Trading Report - 8 July 2013
The FTSE ended up reaching 6500 on Friday which was a target for our forecast. We have now reversed and it difficult to label the price action as bullish or bearish [Read the full report]
Friday, July 5, 2013
FTSE Trading Report - 5 July 2013
The US often rallies after independence day so we could see the FTSE push up to 6500 at some stage today [Read the full report]
Thursday, July 4, 2013
FTSE Trading Report - 4 July 2013
The US is shut today and we have interest rate decisions across Europe so it could be a tricky day to trade. Coupled with this I don't have a strong magnet set up today.
Wednesday, July 3, 2013
FTSE Trading Report - 3 July 2013
6240 was a key level on Monday and it remains a support area for the FTSE [Read the full report]
Monday, July 1, 2013
FTSE Trading Report - 1 July 2013
Good morning
Its the first trading day of a new month and new quarter..... These are often bullish days with the funds committing new monies into the market [Read the full report]
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