Overnight the FTSE has come off and we have seen a 200 point move in less than 24 hours, I would expect a bit of a bounce. We are a little oversold at the moment trading around 6360. In terms of shorting this market again if I see a strong signal I will get us short again… [Signup For The Full Analysis]
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Friday, October 10, 2014
Thursday, October 9, 2014
MAGNETIC Trading Report - 09 October 2014
I would expect 50% of the distance between the open price and 6503 to fill after 8am.
If we see acceptance above 6500 which is likely then we can look for a some longs today. I will update service sunscribers if we get a signal… [Signup For The Full Analysis]
Tuesday, October 7, 2014
MAGNETIC Trading Report - 07 October 2014
Yesterday, the key level was Fridays high in the market which was 6543.
In yesterdays report I said, if we get acceptance above this level then we were likely to see a move to 6570-6700. We have seen this move now.
In summary acceptance below 6520 will confirm a move to 6410. 6570 remains key resistance... [Signup For The Full Analysis]
Monday, October 6, 2014
MAGNETIC Trading Report - 6 October 2014
In summary if the FTSE opens above Fridays highs at 6543 and rejects this level quickly and we subsequently see acceptance below 6543 then the FTSE short term rally is likely.
Likewise acceptance above 6543 would indicate a possible extension of Friday's rally… [Signup For The Full Analysis]
Friday, October 3, 2014
MAGNETIC Trading Report - 03 October 2014
The FTSE closed on its lows yesterday on over sold conditions. If an index closes on it lows it means everyone has sold so a bounce higher today is no surprise. That said it is a Friday (trend rarely reverses on a Friday morning before major news) and we have NFP news later on so we could well see 50% of the gap fill… [Signup For The Full Analysis]
Thursday, October 2, 2014
MAGNETIC Trading Report - 02 October 2014
The gap is good to buy for at the open. I will also be looking for reversal signals to get short from 6566-6590 to target the open price what ever that may be. I will update service subscribers on this if seen… [Signup For The Full Analysis]
Wednesday, October 1, 2014
MAGNETIC Trading Report - 01 October 2014
It's the beginning of the month today and volatility has picked up, we could see quicker action for October. 6600 is a key level and there is support at 6570-6550. At these levels I would expect the market to get a bit oversold... [Signup For The Full Analysis]
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