MAGNETIC Trading Report - 30 September 2013

Markets are down this morning on the back of US government problems and fear of a shut down. In reality is unlikely the government will shut down. Therefore if we see some weakness today I would expect a relief rally tomorrow which also ties in with the 1st of the month and new fund money coming into the market.

MAGNETIC Trading Report - 27 September 2013

The FTSE is set to open flat once again and after a week of consolidation there is little reason why the market would put in a big rally going into the weekend with budget deadlines looming for the US economy next week [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 26 September 2013

The FTSE made false breaks to the upside and downside yesterday adding more confusion into this week's price action for traders. The index has yet to make a close below 6550 [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 25 September 2013

The FTSE is still floating around the key support level at 6550. I don't have a strong conviction on market direction today so we have specific set ups [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 23 September 2013

Friday was unusually quiet for a triple witching event so we could see a large move today. Often if an expiry is quiet the following Monday sees a big move [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 20 September 2013

Its triple witching day so expect volatility between 10:10am - 10.20am. I sent service subscribers a triple witching strategy yesterday which is worth looking at this morning.

MAGNETIC Trading Report - 19 September 2013

The markets liked the FED comments and UP we went. The FTSE took out the stops below 6550 as we discussed yesterday which would have stopped most of the retail market out and then the institutions were free to buy it up.

MAGNETIC Trading Report - 18 September 2013

We have the all important FOMC meetingtonight so expect so volatility after 7pm on the American markets which will also have an impact on the FTSE futures. The markets will be focusing on tapering and QE.

MAGNETIC FTSE Report - 17 September 2013

The FTSE gapped up high yesterday and sold off straight away. Today futures are currently trading below yesterday's cash low at 6611. If we open below this level at the 8am open we have a reversal day which is short term negative. This means that traders who bought the the euphoria yesterday at the market open will be trapped in losing long positions [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 13 September 2013

The FTSE has consolidated all week and we are set to open flat. We are likely to see more range bound action this morning unless we see a big selling bar come in just after the open...

MAGNETIC Trading Report - 12 September 2013

As per yesterday's report the FTSE lacks direction whilst we trade between 6550 - 6630 and there is no clear trend.

Magnetic Trading Report - 11 September 2013

The FTSE is range bound between 6550-6630 for now and there is no clear trend [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 09 September 2013

The 2 key levels we discussed last week were 6550 and 6492..... Friday's action was on cue. We saw a brief rally towards 6550 in the morning which failed and then the NFP report pushed the market towards 6580 for a false break above 6550 and then we duly sold off [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 06 September 2013

The FTSE rallied up towards 6550 after holding 6492 yesterday which we discussed.  The question is whether the FTSE will fall from here and target 6350 straight away [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 05 September 2013

Yesterday was a reversal day. The day was largely dominated by sellers and then towards the close the bigger players bought it up.  We have lots of key news out today and tomorrow [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 04 September 2013

The FTSE sold off hard yesterday just before the 4.30pm close. Take off the 4.5 divi from the real cash low is a sell signal… [Signup For Mark's Trading Plan]

MAGNETIC FTSE REPORT - 03 September 2013

The FTSE hit our medium term forecast target yesterday at 6530. We have seen a brief correction over night and now back at the highs pre market [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 02 September 2013

The FTSE is marked up higher this morning on the back of positive news out of Syria. As its the 1st trading day of a new month we could see a buy in just after the open.