FTSE Trading Report - 18 December 2012

Major resistance still lies at 5700 but an upward break again is a short term positive signal but I would not expect this to last long.  We saw a break above 5711 yesterday but sellers came in. If this market was setting up for another major move to the upside we should have seen buying continue. This was not the case. At this stage if we see the FTSE rally above 5700 I will be looking at selling short term over bought conditions.

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 - 17 January 2012

The FTSE has risen over night on low volume. If we trade above 5711 after the open then the FTSE is set to climb higher in the short term and possibly towards 5800 but i don't expect prices to remain above 5700 for very long. 

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 - 16 January 2012

Friday's session ended the week producing an inside week which means we traded within the previous week's range. This suggests we will either break down below last week's low or the high.  Given that we failed to go above 5711 on Friday and our analysis is calling for a fall towards 5470 the chances of a break down below 5583 are favoured. We also saw a negative outside day on Friday which is also short term negative.

In terms of trading today many investors will being focusing on the European downgrades on Friday and keen to sell early on so we may see some initial higher prices early on to offset 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 - 12 January 2012

No change to our FTSE analysis and we are still trading in a very tight range between 5700 -5600.  A break out is looming and it could come in today as we experienced an inside day yesterday. If we do break out above 5700 I do not expect the rally to last very long and it would be more of a stop hunting exercise.

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 - 11 January 2012

Although we saw a break out above 5700 yesterday, the market has failed once again above this region.   We could well see a rally above 5700-5720 today to remove shorters from this market but only an end of day close above 5720 is going to change the short term trend from negative to positive.  My target at 5470 is still valid even if we close above 5720 but we may well see higher price towards 5800 in the meantime.

£300 DISCOUNT if you sign up by midnight Friday 13th January 2012. Read More

300 DISCOUNT if you sign up by midnight Friday 13th January 2012

£300 DISCOUNT if you sign up by midnight Friday 13th January 2012 

Read More - http://www.markaustintrading.com/promo/mfs-systems-gap-trading-seminar-2012.html 

FTSE Trading Report - 10 January 2012

We have a magnet today. We can sell the market for this at the open but the market really needs to drop straight away and then make progress below 5650 quickly.  So avoid the trade if we open and move higher as we could see higher prices quickly. The stop is therefore the open price. 

I am expecting a break out below 5600 or above 5700 today and the open will be key.  If we climb higher I will once again be looking for signs of failure below 5700 as well for a possible trade.

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!