MAGNETIC Trading Report - 31 July 2014

Yesterday we did see a decent sell off come in and there has been clear negative development above 6800. There doesn't seem enough buyers to pin the FTSE above this level therefore the FTSE remains negative below 6825… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 30 July 2014

We have the FOMC meeting today in the US so this could spark a big move later on. Did the FTSE rally end yesterday at 6834 or will we see a final push to 6850? [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 29 July 2014

I am not interested in getting long unless we see 5 min bar acceptance above 6815… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 28 July 2014

The FTSE failed to close above 6800 on Friday which is a negative going into today. If the FTSE fails to hold above 6819 after the open then we could see the FTSE drift back down to 6790-6780. I will be on the look out for sell signals for us if we see this and will update… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 25 July 2014

The market took all the stops out yesterday so we could see gap fill today. If we are trading near 6850 at 4pm I will look for profit taking and will update service subscribers on a potential trade… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 24 July 2014

I am bearish today while we are below 6800 level. While we fail below 6800 i would expect a move down to the gap which could get filled… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 23 July 2014

The FTSE had a strong trending day yesterday so if we do see a strong push above 6800 early on I would expect some of this move to retrace and the market makers push the market back down to attract more buyers… [Signup For Mark's Full Trading Plan]