MAGNETIC Trading Report - 30 September 2013

Markets are down this morning on the back of US government problems and fear of a shut down. In reality is unlikely the government will shut down. Therefore if we see some weakness today I would expect a relief rally tomorrow which also ties in with the 1st of the month and new fund money coming into the market.

MAGNETIC Trading Report - 27 September 2013

The FTSE is set to open flat once again and after a week of consolidation there is little reason why the market would put in a big rally going into the weekend with budget deadlines looming for the US economy next week [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 26 September 2013

The FTSE made false breaks to the upside and downside yesterday adding more confusion into this week's price action for traders. The index has yet to make a close below 6550 [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 25 September 2013

The FTSE is still floating around the key support level at 6550. I don't have a strong conviction on market direction today so we have specific set ups [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 23 September 2013

Friday was unusually quiet for a triple witching event so we could see a large move today. Often if an expiry is quiet the following Monday sees a big move [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 20 September 2013

Its triple witching day so expect volatility between 10:10am - 10.20am. I sent service subscribers a triple witching strategy yesterday which is worth looking at this morning.

MAGNETIC Trading Report - 19 September 2013

The markets liked the FED comments and UP we went. The FTSE took out the stops below 6550 as we discussed yesterday which would have stopped most of the retail market out and then the institutions were free to buy it up.