FTSE100 Stats for November 2014

FTSE100 Stats for November 2014

Mark Austin Trading

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Dear traders,

Please find below the two Performance Tables and Pips chart, updated to include all official trades up to the end of November 2014.

All trades are verified by an external source-

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All the best,

Mark Austin

MAGNETIC Trading Report - 28 November 2014

Acceptance below 6720 is key today. Given the stats on thanksgiving i prefer longs today.  If we do see acceptance below 6720 then we have the unfilled extreme gap down at 6683 which may attract from last Friday.  I will watch the open and provide a trade for subscribers if the price action sets up… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 27 November 2014

American markets are closed for thanksgiving today so expect a quiet session from the FTSE this morning and its Thursday which can be a tricky day to trade on FTSE.

We continue to trade in a 50 point range. This should break tomorrow when the US opens and next week we could see profit taking come in… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 26 November 2014

The has started fairly quiet and the trading range has been 6750-6700. Just before the close the market has retested a key level. Today I am expecting the FTSE to close the gap at 6731… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 25 November 2014

Yesterday was a non event for the FTSE and it could be quiet given that it is thanks giving in the US. We are hovering around major resistance which is the MA 200 around 6700.  If 6645 goes that would be a top in the market and it is weakening now... [Signup For The Full Analysis] 

MAGNETIC Trading Report - 24 November 2014

Its thanksgiving week for the US which is a historically bullish week for the stock market however the US sold off all day on Friday after making new highs. This is a strong indication the rally is coming to an end. If the US markets consolidates or continues to rise this week then there is likely to be strong profit taking… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 21 November 2014

In summary we have expiry today so we could see a pivotal move on European and American indices.

The FTSE remains bullish whilst we avoid a clear break of 6645 however acceptance below here will pave the way for a move to 6500.

Today the gap  should fill if we open below 6695… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 19 November 2014

The FTSE put another leg up yesterday and we closed above the MA 200 and on the face of it is very bullish. The key level the market needs to get through is 6645… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 18 November 2014

Yesterday the FTSE failed to get below the 6607 level which I talked about. Instead, we saw a rally towards the 200 moving average however lots of resistance at 6680 and 6700 as well. The FTSE will struggle to get above here this morning… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 17 November 2014

The futures market is down heavily on the back of Japan entering a recession. Selling could increase on the FTSE if we see acceptance below 6607 this morning.

If we avoid acceptance below 6607 then we will most likely consolidate… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 13 November 2014

Yesterday we called a potential top at 6332 which was Tuesdays high in the market, creating a double top and that was a sell signal.  The Dow is moving to the upside and pushed the FTSE up overnight. If we stay below 6632 during normal hours our view on the market remains, however if the FTSE pushes up through 6632 the FTSE can drift up towards the 6670 region... [Signup For The Full Analysis] 

MAGNETIC Trading Report - 11 November 2014

In summary the FTSE is still bullish and targets 6670 whilst we trade above 6585 however given the American markets are now very toppy I am not sure just how much more the FTSE can move higher.  Acceptance below 6585 is a sell… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 10 November 2014

The key level today is 6560. Whist we are above this level the FTSE can still rise to 6620-30. If we get acceptance below then this is short term bearish and this could be a top in the market... [Signup For The Full Analysis] 

MAGNETIC Trading Report - 05 November 2014

The FTSE is potentially having a double top around the key level at 6560, however in order to get a clear signal from this we would need to see acceptance below 6440…  [Signup For The Full Analysis] 

MAGNETIC Trading Report - 04 November 2014

If the FTSE can get acceptance above 6510 there is a good chance the FTSE will rally up to around 6600. Below 6510 the FTSE is slightly negative this morning… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 3 November 2014

Its the first trading day of the month which usually is a bullish day however whilst we trade below 6560 there is still a possibility the FTSE will see a sort correction down to 6480… [Signup For The Full Analysis]