Good morning
The release of non farm payrolls and unemployment data in the US did little to phase this current bull run and investors are looking at the FED for continued assistance in the economy. Investors are bullish and this sentiment is growing every day. Of course the problem with this is as the rally continues in an over extended market with clear economic problems, the chances of a flash crash rise. The market is aware of this and the nervous behaviour is reflected in long periods of consolidation (range bound markets).
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Monday, October 11, 2010
Friday, October 8, 2010
Mark Austin FTSE Service Update - 8th Oct 2010
Good morning
Today is non farm payrolls day and this is one piece of news that almost always causes a big reaction in the markets. Released at 1.30pm.
During 2008/2009 it was interest rate news making a big impact on the markets. At present its employment.
For trading on big news release days we will use the tunnel trade again as you cannot find an edge trading news with spread bets as your odds are 50/50.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Today is non farm payrolls day and this is one piece of news that almost always causes a big reaction in the markets. Released at 1.30pm.
During 2008/2009 it was interest rate news making a big impact on the markets. At present its employment.
For trading on big news release days we will use the tunnel trade again as you cannot find an edge trading news with spread bets as your odds are 50/50.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Thursday, October 7, 2010
Mark Austin FTSE Service Update - 7th Oct 2010
Good morning
Today sees the start of the third quarter earning season in the US.
We also have a raft of important economic data released over the next 2 days in both the UK and US.
http://www.dailyfx.com/
The big item of news is the Non Farm Payrolls (tomorrow) and we will be looking to profit from the tunnel trade strategy on this.
Yesterday was also the last FED buying purchase until the end of October so we could see some profit taking on the US indices which will drag the FTSE down.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Today sees the start of the third quarter earning season in the US.
We also have a raft of important economic data released over the next 2 days in both the UK and US.
http://www.dailyfx.com/
The big item of news is the Non Farm Payrolls (tomorrow) and we will be looking to profit from the tunnel trade strategy on this.
Yesterday was also the last FED buying purchase until the end of October so we could see some profit taking on the US indices which will drag the FTSE down.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Wednesday, October 6, 2010
Mark Austin FTSE Service Update - 6th Oct 2010
Good morning
Yesterday the Dow Jones advanced and dragged the FTSE up with it. The American move was backed with FED cash injections.
Support for the FTSE now lies at 5560. I am expecting one more advance to the upside before I will consider opening longer term shorts.
Yesterday's daily cash high was 5648 and after a strong push to the upside I expect this to be retested at the open (8am). The current price is 5661.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Yesterday the Dow Jones advanced and dragged the FTSE up with it. The American move was backed with FED cash injections.
Support for the FTSE now lies at 5560. I am expecting one more advance to the upside before I will consider opening longer term shorts.
Yesterday's daily cash high was 5648 and after a strong push to the upside I expect this to be retested at the open (8am). The current price is 5661.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Tuesday, October 5, 2010
Mark Austin FTSE Service Update - 5th Oct 2010
Good morning
We continue to see price exhaustion above 5600 on the back of this low volume rally.
As mentioned yesterday I expect this 5500-5600 range to be broken this week. We have lots of economic news coming out on Thursday and Friday and the US also starts its third quarter earnings on Thursday 7th October. This is good news for trading as volatility will increase providing more trading opportunities.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
We continue to see price exhaustion above 5600 on the back of this low volume rally.
As mentioned yesterday I expect this 5500-5600 range to be broken this week. We have lots of economic news coming out on Thursday and Friday and the US also starts its third quarter earnings on Thursday 7th October. This is good news for trading as volatility will increase providing more trading opportunities.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Monday, October 4, 2010
Mark Austin FTSE Service Update - 4th Oct 2010
Good morning
The FTSE is back in its 100 point range (5500-5600) and lies in the same position as last Monday. One downfall to tight ranges is that trade sets ups with strong signals have little room to progress.
This week is non farm payrolls (on Friday) and I expect this three week range to be broken finally. The move could be very powerful. There are strong signals supporting the bulls and the bears. In brief, the inverted head and shoulders break out at 5477 is supportive of the bulls as well as the 50/200 MA golden cross.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
The FTSE is back in its 100 point range (5500-5600) and lies in the same position as last Monday. One downfall to tight ranges is that trade sets ups with strong signals have little room to progress.
This week is non farm payrolls (on Friday) and I expect this three week range to be broken finally. The move could be very powerful. There are strong signals supporting the bulls and the bears. In brief, the inverted head and shoulders break out at 5477 is supportive of the bulls as well as the 50/200 MA golden cross.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Friday, October 1, 2010
Mark Austin FTSE Service Update - 1st Oct 2010
Good morning
Yesterday produced a negative outside day on the FTSE. This is when the Index makes a lower low, a higher high and then closes below the previous day's closing level (see attached chart). A strong sell signal by all accounts and indicates a trend change. The move to the downside was also supported by strong volume.
On top of this, the VIX which is a measure of volatility has also increased for all global indices. This is another bearish sign.
So at this stage the FTSE looks like it is rolling over and there is certainly some strong selling pressure coming in.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
Yesterday produced a negative outside day on the FTSE. This is when the Index makes a lower low, a higher high and then closes below the previous day's closing level (see attached chart). A strong sell signal by all accounts and indicates a trend change. The move to the downside was also supported by strong volume.
On top of this, the VIX which is a measure of volatility has also increased for all global indices. This is another bearish sign.
So at this stage the FTSE looks like it is rolling over and there is certainly some strong selling pressure coming in.
To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com
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