By in trading

FTSE Trading Update – May 4th

Our clients are short the miners and banks – are you?
Over the last few weeks our viewing of the Technical Analysis charts has seen us increasing our bearish slant on the FTSE, mainly citing Financials and Miners as the sectors looking most vulnerable.
Last week we issued short trade recommendations in BHP Billition at

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By in technical analysis

Technical Analysis Tutorial: Chart Patterns (Continuation)

In this article we’re going to have a look at continuation patterns. These are in contrast to the reversal patterns we’ve already treated in a previous blog post here. My main source is the comprehensive Technical Analysis of the Financial Markets by John J. Murphy (purchase here in association with FuturesTechs).
As the name suggests, continuation patterns imply that the

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By in technical analysis

Technical Analysis Guide: RSI and Parobolic SAR

We included the RSI and Parabolic SAR indicators in the new levels sheet available in our Members Area, so thought that it would be worthwhile to briefly introduce them to anyone who might not be familiar with how they worked or how to use them.

Fig 1: The New Levels Sheet. (Click to enlarge)
RSI (Relative Strength Index)
One

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By in commentary

Bear Market Rally or The Real Deal?

Neither, I suspect, is the answer to the above question, at least not as far as where we are at this very moment is concerned:
We have been bullish since early March, and have seen the market “climbing the wall of worry” as we predicted, with no-one quite believing the rally. We are not doing the “Harry Hindsight/told you so”

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