MAGNETIC FTSE Trading Report - 30 April 2015

The FTSE below 7010 today is negative and targets 6900. Key support is at 6960 and if we trade below here early then the FTSE is likely to continue selling off. Whilst above 6960 we could see a bounce up to 7000…  [Signup For The Full Analysis] 

MAGNETIC FTSE Trading Report - 29 April 2015

Target at 6900 remains valid and the price action is still supportive of this especially going into month end… [Signup For The Full Analysis] 

MAGNETIC FTSE Trading Report - 28 April 2015

Another failure in the 7100 range after seeing new highs. Selling in the 7100 range continues to be highly profitable… [Signup For The Full Analysis] 

MAGNETIC FTSE Trading Report - 27 April 2015

We locked in a small profit last week and we don't have any positions on the FTSE. Each time the FTSE makes new highs it rolls over so there is no reason to think this is going to be any different. We are looking for a correction to the downside… [Signup For The Full Analysis] 

MAGNETIC FTSE Trading Report - 24 April 2015

We are at the end of a bull market and the market is making new highs and rolls over. I expect this to breakdown to 6900… [Signup For The Full Analysis] 

MAGNETIC FTSE Trading Report - 23 April 2015

The FTSE filled an unfilled gap at 6996 yesterday and duly bounced. There is no reason for the FTSE to return to this level so a break through here would indicate further selling towards our target at 6900… [Signup For The Full Analysis] 

MAGNETIC FTSE Trading Report - 22 April 2015

The DIVI is 10.8 today so that's a nice healthy one and I will be providing the set up for clients for that later. [Signup For The Full Analysis]