The FTSE extended the sell off towards our medium term forecast target at 6525 yesterday. The futures market actually extended the decline towards the MA 200 out of hours which is resting at 6507. There is often a reaction at the MA 200 after a big sell off so the bounce up this morning is not a surprise.
When I met Mark I was enormously impressed with his FTSE trading abilities, so much so that I decided to recommend him to my clients. John Piper
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Wednesday, December 4, 2013
Tuesday, December 3, 2013
MAGNETIC Trading Report - 3 December 2013
We closed the last part of yesterday's short this morning at 6577 as per the SMS sent out just after 7am.
In terms of analysis this morning 6592–6595 is key [Signup For Mark's Trading Plan]
Monday, December 2, 2013
MAGNETIC Trading Report - 2 December 2013
Friday ended nicely for us. After the FTSE rallied to our resistance level between 6680-6700 we then saw the end of month profit taking come in during the last hour which we had discussed and the FTSE eventually closed on its lows for the day at 4.30pm [Signup For Mark's Trading Plan]
Friday, November 29, 2013
MAGNETIC Trading Report - 29 November 2013
The FTSE is opening flat this morning and low volatility remains. The 6680 - 6626 range remains key for direction [Signup For Mark's Trading Plan]
Wednesday, November 27, 2013
MAGNETIC Trading Report - 27 November 2013
6626 is support this morning and I expect a bounce higher this morning if this holds just after the 8am open. We also closed on the lows so the market makers will most likely push price higher this morning to attract more sellers [Signup For Mark's Trading Plan]
Tuesday, November 26, 2013
MAGNETIC Trading Report - 26 November 2013
No real change on yesterday's analysis. 6712 and 6680 are major levels to confirm the next move in this market [Signup For Mark's Trading Plan]
Friday, November 22, 2013
MAGNETIC Trading Report - 22 November 2013
We have a double close on the FTSE at 6681 which means the FTSE closed at the same level over the course of 2 days. This now an area of interest for the market. The market should have little difficulty rising to 6760 whilst above this level [Signup For Mark's Trading Plan]
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