FTSE Trading Report - 31 October 2012

The FTSE has rallied up towards 5860 as per our analysis and we have duly fallen away....for now. The US has been shut for 2 days so its difficult to call where this afternoon's action will take us.

FTSE Trading Report - 30 October 2012

Hurricane Sandy will keep American markets shut again today so the FTSE will most likely have another quiet session.  The US markets are due to open tomorrow. In terms of trading opportunities the second half of this week could be generous as volatility increases:

FTSE Trading Report - 26 October 2012

Big gaps down on the FTSE today and if we open below 5788 today it suggests more selling today towards 5710.

FTSE Trading Report - 25 October 2012

Yesterday we had a consolidation day which was on the cards.  I avoid the 5 min bar system on these days as the market is likely to be choppy early on. If you are attending my seminar next week in London I will be covering ''advanced selection'' for the best days and the worst days to use this entry system.

FTSE Trading Report - 23 October 2012

The FTSE stays positive above 5870 and this served as a very good level yesterday for any buy opportunities.  Whilst above 5870 the FTSE stays positive and targets 5950 (key resistance).

FTSE Trading Report - 22 October 2012

Its the Monday following expiry so the action during the first hour of trade usually gives a good idea of how the week is going to play out. 

FTSE Trading Report - 19 October 2012

We have expiry today which will take place between 10.10am  - 10.20am.  Its common to see choppy price action before this event