MAGNETIC FTSE Trading Report - 29 February 2016

If we open below 6061 we have a cold zone reversal day on our hands which targets 6030-6000.

MAGNETIC FTSE Trading report - 26 February 2016

If we see 6100 its worth shorting for 15 pips and that trades valid all day... [Signup For The Full FTSE Report and Video Clip] 

MAGNETIC FTSE Trading Report - 25 February 2016

A move below 5900 is bearish today and this could easily go to 5700 where we have an extreme gap... [Signup For The Full FTSE Report and Video Clip] 

MAGNETIC FTSE Trading Report - 24 February 2016

Today 5940 is important. If we break below here then expect more selling down towards S2 at 5902… [Signup For The Full FTSE Report and Video Clip] 

MAGNETIC FTSE Trading Report - 23 February 2016

If the FTSE rejected 6000 at the open then selling would start to come in however the FTSE held 6000 just after the open and if we saw this we discussed the likely hood of a push higher which would fail quickly and not make it above 6100… [Signup For The Full FTSE Report and Video Clip] 

MAGNETIC FTSE Trading Report - 22 February 2016

The ftse should see some profit taking this morning down to 5955 if we fail to gain action above 6000 just after the open.

MAGNETIC FTSE Trading Report - 19 February 2016

The big move up we have seen could well come to an abrupt end once expiry is over at 10.15 - 10.20am… [Signup For The Full FTSE Report and Video Clip] 

MAGNETIC FTSE Trading Report - 18 February 2016

A big rally yesterday which very few expected! There was absolutely no retrace. I don't expect the big players to buy above 6020 this morning… [Signup For The Full FTSE Report and Video Clip] 

MAGNETIC FTSE Trading Report - 17 February 2016

A reversal signal around the 5870 level would be negative today and target 5810. We also have a 22 point dividend so I will issue a trade on that later today… [Signup For The Full FTSE Report and Video Clip] 

MAGNETIC FTSE Trading Report - 16 February 2016

Our medium term forecast is a move to 5860-5700 sell near 5870... [Signup For The Full FTSE Report and Video Clip] 

MAGNETIC FTSE Trading Report - 15 February 2016

Today I see shorting the ftse above 5800 good value  to target 5790… [Signup For The Full FTSE Report and Video Clip] 

MAGNETIC FTSE Trading Report - 11 February 2016

A good dividend trade last night which was textbook.

Yesterday we rallied up to 5715 as per the forecast and have now dropped back to 6600 which is major multi year support. We could be in a sideways chop if the camerilla break out is rejected at 5620 just after the open.

MAGNETIC FTSE Trading Report - 10 February 2016

The FTSE has seen 3 down days in a row and we can therefore can expect a bounce up towards 5715 if the FTSE starts to break above its futures high which currently stands at 5670.

MAGNETIC FTSE Trading Report - 09 February 2016

We should see a bit of a bounce at 5660 and will probably attract some fund managers this morning on the FTSE.

MAGNETIC FTSE Trading Report - 08 February 2016

I am not keen to get long in this market and I am looking for decent sell signals. There is no obvious trade today...  [Signup For The Full FTSE Trade Plan] 

MAGNETIC FTSE Trading Report - 05 February 2016

It is Friday and the trend rarely reverses. I think we are going to consolidate between 6000-5800 for a while now. Today is nonfarm payrolls and we have a good potential trade setup for this... [Signup For The Full FTSE Trade Plan] 

MAGNETIC FTSE Trading Report - 04 February 2016

The FTSE should see the extreme gap at 5924 hit today whilst we avoid acceptance above 5940... [Signup For The Full FTSE Trade Plan] 

MAGNETIC FTSE Trading Report - 03 February 2016

A big down day on the FTSE yesterday and we are continually looking at sell signals or reversal signals up towards the pivot level… [Signup For The Full FTSE Trade Plan] 

MAGNETIC FTSE Trading Report - 02 February 2016

In terms of trading today we have the pivot at 6056.  One idea is to see if the price action gets up to the gap fill... [Signup For The Full FTSE Trade Plan] 

MAGNETIC FTSE Trading Report - 01 February 2016

The FTSE had a short covering squeeze on Friday which resulted in a fierce rally into the close. The actual traded last tick was 6067 so we have a market inefficiency down to this level which I expect to be filled this week before we see acceptance above 6125…  [Signup For The Full FTSE Trade Plan]