MAGNETIC Trading Report - 17 November 2014

The futures market is down heavily on the back of Japan entering a recession. Selling could increase on the FTSE if we see acceptance below 6607 this morning.

If we avoid acceptance below 6607 then we will most likely consolidate… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 13 November 2014

Yesterday we called a potential top at 6332 which was Tuesdays high in the market, creating a double top and that was a sell signal.  The Dow is moving to the upside and pushed the FTSE up overnight. If we stay below 6632 during normal hours our view on the market remains, however if the FTSE pushes up through 6632 the FTSE can drift up towards the 6670 region... [Signup For The Full Analysis] 

MAGNETIC Trading Report - 11 November 2014

In summary the FTSE is still bullish and targets 6670 whilst we trade above 6585 however given the American markets are now very toppy I am not sure just how much more the FTSE can move higher.  Acceptance below 6585 is a sell… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 10 November 2014

The key level today is 6560. Whist we are above this level the FTSE can still rise to 6620-30. If we get acceptance below then this is short term bearish and this could be a top in the market... [Signup For The Full Analysis] 

MAGNETIC Trading Report - 05 November 2014

The FTSE is potentially having a double top around the key level at 6560, however in order to get a clear signal from this we would need to see acceptance below 6440…  [Signup For The Full Analysis] 

MAGNETIC Trading Report - 04 November 2014

If the FTSE can get acceptance above 6510 there is a good chance the FTSE will rally up to around 6600. Below 6510 the FTSE is slightly negative this morning… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 3 November 2014

Its the first trading day of the month which usually is a bullish day however whilst we trade below 6560 there is still a possibility the FTSE will see a sort correction down to 6480… [Signup For The Full Analysis]