MAGNETIC Trading Report - 11 October 2013

We have a big divi tomorrow standing just over 11 points! Refer to appendix 2 of the service manual for info on this [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 8 November 2013

We broke through 6700 yesterday which activated a downside target at 6650. We have seen this out of hours but not during normal trading hours.

MAGNETIC Trading Report - 7 November 2013

6700 Is key support for the FTSE right now and we are short term bullish whilst this holds.

MAGNETIC Trading Report - 6 November 2013

This week we have been bearish as a result of the investors sentiment index I mentioned on Monday. Yesterday profit taking came in and broke the previous low at 6715. We have subsequently rallied. This type of price action is always a concern as the market has stopped all the longs out (6715) and fulfilled market function [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 5 November 2013

The FTSE has remained stable over night and is opening strong yet again. As I mentioned in yesterdays report there is an imbalance between bear and bulls right now.  Upside is limited. [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 4 November 2013

The FTSE did see profit taking going into last part of the week which we had positioned for and Friday (1st of the month) turned about to be a non buying day which we had also discussed. We could see a brief buy in this morning from delayed fund injections however I don't expect this to last. The market is struggling to gain any momentum at current levels [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 1 November 2013

Its the first trading day of a new month. Going long on this day has a good success rate however on the occasions where this set does fail a large proportion have been on a Friday i.e its less likely for funds to commit new monies at the end of the week and instead wait for the following Monday [Signup For Mark's Trading Plan]