MAGNETIC Trading Report - 27 November 2014

American markets are closed for thanksgiving today so expect a quiet session from the FTSE this morning and its Thursday which can be a tricky day to trade on FTSE.

We continue to trade in a 50 point range. This should break tomorrow when the US opens and next week we could see profit taking come in… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 26 November 2014

The has started fairly quiet and the trading range has been 6750-6700. Just before the close the market has retested a key level. Today I am expecting the FTSE to close the gap at 6731… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 25 November 2014

Yesterday was a non event for the FTSE and it could be quiet given that it is thanks giving in the US. We are hovering around major resistance which is the MA 200 around 6700.  If 6645 goes that would be a top in the market and it is weakening now... [Signup For The Full Analysis] 

MAGNETIC Trading Report - 24 November 2014

Its thanksgiving week for the US which is a historically bullish week for the stock market however the US sold off all day on Friday after making new highs. This is a strong indication the rally is coming to an end. If the US markets consolidates or continues to rise this week then there is likely to be strong profit taking… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 21 November 2014

In summary we have expiry today so we could see a pivotal move on European and American indices.

The FTSE remains bullish whilst we avoid a clear break of 6645 however acceptance below here will pave the way for a move to 6500.

Today the gap  should fill if we open below 6695… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 19 November 2014

The FTSE put another leg up yesterday and we closed above the MA 200 and on the face of it is very bullish. The key level the market needs to get through is 6645… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 18 November 2014

Yesterday the FTSE failed to get below the 6607 level which I talked about. Instead, we saw a rally towards the 200 moving average however lots of resistance at 6680 and 6700 as well. The FTSE will struggle to get above here this morning… [Signup For The Full Analysis]