Mark FTSE Report - 23 November 2011

The FTSE closed under 5150 yesterday so the market will target 5000. However have we have seen 8 consecutive lower closes on the FTSE. This is well above average so we can now expect a 'dead cat' bounce. I do expect to see the FTSE close yesterdays gap over the next 24 hours.

You can subscribe to this feed and receive free daily trading information by email. To subscribe click here

JOIN MARK FTSE SERVICE TODAY AND SAVE A MASSIVE 17% QUARTERLY OR 33% ANNUALLY - GET IT NOW!

FTSE Trading Report - 22 November 2011

The negative signal from a break of 5350 gave way to more selling yesterday. Another close below this level today and we have moved from a sideways pattern to a downward pattern. If observed, any rallies instigated from the festive ''thanksgiving'' would then be an opportunity to sell.  The target will be at least 5000. The stop for any rallies would be an end of day close above 5500. 

You can subscribe to this feed and receive free daily trading information by email. To subscribe click here

JOIN MARK FTSE SERVICE TODAY AND SAVE A MASSIVE 17% QUARTERLY OR 33% ANNUALLY - GET IT NOW!

FTSE Trading Report - 21 November 2011

The market penetrated 5350 on Friday which was a short term sell signal. If we had closed the week below this figure then this would have been a medium term sell negative signal (i.e stronger).

One thing we have to be aware of this week is ''thanksgiving'' in the US. This week has a bullish bias (historically), particularly the day following the holiday (so Friday).  My focus this week will be on day trading rather than positional trading to avoid another bear trap in this market. I expect there to be good opportunities (for day trading) this week with volatility on the rise. I have been very cautious on positional trading over the last few months and for good reason. We have seen an above average number of false signals to the up side and the downside (on US and European markets) which has cost traders dearly. For now, with volatility still high, the environment still favours short term strategies.

You can subscribe to this feed and receive free daily trading information by email. To subscribe click here

JOIN MARK FTSE SERVICE TODAY AND SAVE A MASSIVE 17% QUARTERLY OR 33% ANNUALLY - GET IT NOW!

FTSE Trading Report - 18 November 2011

Its all about 5350 today. If we break below this level during trading hours (8am - 4.30pm) then the trend will reverse and we will be looking for selling opportunities. Like wise if we can hold we could see a powerful rally come in.

The magnet has been hit already as per my previous report. There was 2 points of risk if you went for that when I sent the report. Its worth running half with your stop at entry.

You can subscribe to this feed and receive free daily trading information by email. To subscribe click here

JOIN MARK FTSE SERVICE TODAY AND SAVE A MASSIVE 17% QUARTERLY OR 33% ANNUALLY - GET IT NOW!

FTSE Trading Report - 17 November 2011

Global markets continue to consolidate with a break out due very shortly.  I am looking at the FTSE breaking out over the next few days. 

In the meantime a consolidating market means the majority of its closing gaps (the prior days closing level) get filled (reached). 

 

You can subscribe to this feed and receive free daily trading information by email. To subscribe click here

JOIN MARK FTSE SERVICE TODAY AND SAVE A MASSIVE 17% QUARTERLY OR 33% ANNUALLY - GET IT NOW!

FTSE Trading Report - 15 November 2011

Yesterday we saw some selling but it was not a sharp decline.  In bear markets when the markets hit major resistance (5600) any declines should start off with force if the move is to develop into a large wave down.  If we do not see strong selling come in today then the chances are we are just consolidating before moving higher towards year end.  As we discussed yesterday the markets have a historical tendency to rise towards to end of the year.  So today will provide some clues as to the next move. I will also be watching the S&P and the key number at 1257.  2 x end of day closes above this level is bullish and if the Christmas rally does materialise it will most likely be the Americans leading the way.

You can subscribe to this feed and receive free daily trading information by email. To subscribe click here

JOIN MARK FTSE SERVICE TODAY AND SAVE A MASSIVE 17% QUARTERLY OR 33% ANNUALLY - GET IT NOW!

Key points for a Christmas rally

If there is to be a Christmas rally, its the US which will be the catalyst and drag the FTSE up.  Why?  The S&P closed over 1257 on Friday. 1257 was the opening price for 2012 and whilst we trade above here its bullish.   The period leading up to thanks giving is also traditionally bullish.

Institutions are more focused on their own performance for the last quarter rather than Europe and will enter the market in fear they will miss a rally (opportunity).

We have the US presidential election next year and you often see rallies develop in ''hope'' of positive economic change. Remember the stock markets price information in 6-9 months ahead of the actual events

All the bad news is out! Albeit there is large cloud of uncertainty looming over the stock markets and there is always the risk of the European crisis deteriorating further.

So the above are some factors which we need to consider and although the current pattern is bearish we need to stay nimble in this market.  For now I am trading what I see but its important we stay flexible in this market and not marry the up side or the downside whilst so much uncertainty and volatility remains. When stock markets are this uncertain they should fall but markets don't also behave as they should.