FTSE Trading Report - 09 December 2011

As per yesterday's report the main focus will be on the EU summit today. The market will be largely event driven which means trading this market today will be difficult, largely because any piece of news that comes out of the meeting will cause wild unpredictable swings. 

The EU must deliver certainty to the market by the close of this meeting or I expect the market to again struggle to make any head way over 5640 for the next 2-3 months.  At present any comments from the Summit are not providing certainty. 

You can subscribe to this feed and receive free daily trading information by email. To subscribe click here

JOIN MARK FTSE SERVICE TODAY AND SAVE A MASSIVE 17% QUARTERLY OR 33% ANNUALLY - GET IT NOW! 

FTSE Trading Report - 08 December 2011

I have attached a screen shot of the daily ''cash'' chart for the FTSE 100 showing yesterday's action being clearly indecisive leading up to the European meeting tomorrow.  This is not too surprising given the importance of this meeting and the impact it will have on the markets going into 2012.  The future of the EURO is hanging on the outcome of this meeting.

This week we have been focusing on 5600 and we discussed that the market would find it tough to make progress above here before the news.  This has clearly been the case but what we haven't seen is a continued decline towards 5370 which would fit well for the wave count.  At this stage the most likely outcome is the correction we were expecting, ended yesterday at 5500 and we are now going to see higher prices towards 5700 as investors buy ahead of a meeting, which they expect to deliver a clear resolution to the European debt crisis. Personally as a trader I am not comfortable buying here even though higher prices are likely. We are still in a bear market and we are currently over bought.

You can subscribe to this feed and receive free daily trading information by email. To subscribe click here

JOIN MARK FTSE SERVICE TODAY AND SAVE A MASSIVE 17% QUARTERLY OR 33% ANNUALLY - GET IT NOW! 

FTSE Trading Report - 07 December 2011

MEDIUM TERM ANALYSIS - I will be looking to see whether the FTSE can hold 5600.  If the market can stay above 5600 for a full ten minutes after the open this is bullish and will neutralise the chance of a decline to 5370 this week. If seen I will remain on the sidelines until the European news has been released on Friday. Once things settle and emotions have calmed down we can access the next direction.  You will remember in my recent tips that major news releases cause the majority of bull and bear traps in markets for traders. 

You can subscribe to this feed and receive free daily trading information by email. To subscribe click here

JOIN MARK FTSE SERVICE TODAY AND SAVE A MASSIVE 17% QUARTERLY OR 33% ANNUALLY - GET IT NOW! 

FTSE Trading Report - 06 December 2011

No real change to my analysis from yesterday. The FTSE is struggling to make progress over 5600 and there was clear minus development at this level yesterday afternoon. Minus development means the market has failed to make progress over this level.  I maintain my view that the FTSE will struggle to make progress over this level before Friday when the EU meets for the summit talks. Even then the rally over the last month will have priced in a fair bit of any positive news resulting from this meeting. 

You can subscribe to this feed and receive free daily trading information by email. To subscribe click here

JOIN MARK FTSE SERVICE TODAY AND SAVE A MASSIVE 17% QUARTERLY OR 33% ANNUALLY - GET IT NOW! 

FTSE Trading Report - 05 December 2011

I expect to see a short term decline this week towards 5400 - 5370. It will be in this zone that a good buying opportunity may present itself until year end. Target 5700.  Markets like to retest important areas and 5347 was the level that the market turned short term bullish.

You can subscribe to this feed and receive free daily trading information by email. To subscribe click here

JOIN MARK FTSE SERVICE TODAY AND SAVE A MASSIVE 17% QUARTERLY OR 33% ANNUALLY - GET IT NOW! 

FTSE Trading Report - 2 December 2011

The gap is my focus early on.  We are going to be opening very close to the risk area so traders will need to focus on whether the market can trade above here once we open.  If we do open and hold this level then pass on the early gap trade and I'll be looking for a cheap one touch later on.

You can subscribe to this feed and receive free daily trading information by email. To subscribe click here

JOIN MARK FTSE SERVICE TODAY AND SAVE A MASSIVE 17% QUARTERLY OR 33% ANNUALLY - GET IT NOW! 

FTSE Trading Report - 01 December 2011

Global central banks yesterday revealed plans to improve liquidity.  These new measures will provide some relief to the European crisis but its by no means a solution. As with all these liquidity efforts the public are led to believe the measures are aimed at helping the supply of credit to households and businesses but in reality most of the liquidity will end up in the stock market. In effect another short term fix to prevent stock markets sliding further.  So in the short term the FTSE will go higher and the trend has turned up.

You can subscribe to this feed and receive free daily trading information by email. To subscribe click here

JOIN MARK FTSE SERVICE TODAY AND SAVE A MASSIVE 17% QUARTERLY OR 33% ANNUALLY - GET IT NOW!