Three charts to show you today:
Here is a Weekly showing the gently sloping DOWNTREND LINE that can be placed above the lower highs since the failure/high in October 2007.
What this shows is that the recent rise has taken us up a key juncture. This has pretty much defined the recent highs TO THE TICK.
The next chart …
September 23rd 2010. FTSE Futures Commentary for FuturesTechs’ customers:
Yesterday morning saw a sell off from 5579 to 5494.5, at which point we were looking towards bold support at 5471 and wondering if/when it would see a test. It didn’t happen. 5494.5 was the low of the day and we …
Our clients who trade Spread Bet and CFDs often seem rather perplexed around this time because the Futures are rolling over and all the talk is of “expiry”, “triple witching”, “quadruple witching”, “roll-over”, “new front month”, “rolling off the board”, “options expiry” and the like.
The Spread betting firms have simplified things over the years so you can trade something …
Below are some “general thoughts” on the FTSE that I sent out to our “Pro” client base this morning:
I was sticking with the trend until yesterday, and looking for levels like 5400 in FTSE Futures and 1127 in the S&P Futures to hold firm. Alas they didn’t.
Obama changed all that.
…
WHAT DO WE THINK NOW?
At FuturesTechs we analyse 28 different markets each day and give our trading clients regular up to date analysis on the current thinking and market’s state of mind. We look at Bonds, Forex, Commodities and Equities. At the moment Stock Markets are the most interesting, providing the biggest conundrum for traders and operators.
We believe …
Last week’s big highlight was meant to be the US Employment Report. As it turned out all the action was before this, and the numbers were a bit of a damp squib (like the topical analogy there?).
Equity markets have caught a fresh bid, and we were early to catch this as there were several reversal patterns on major indices …
If you came to see us at the World Money Show the other week then this is the moment you’ve been waiting for!
We are pleased to announce the winner of our “Witch Way for the FTSE” competition is Lukhvinder Binning, who guessed at 5143. Well done Sir!
Special mention really should go to O Y Tsang who plumbed …
We are often asked how we use Fibonacci retracements, and what time frames they are best used on.
Let’s look at the FTSE Futures chart right now to try and give a flavour of how they can help us.
Since last Tuesday (as we suspected, and as was flagged to our clients) we have seen a recovery rally in the …
We often get asked “How can I use your product?”
FuturesTechs provides support and resistance levels to professional traders across a range of different Futures markets. They use our levels as the basis of their day trading.
Unfortunately I often come across traders using them in different ways, so it’s tough to give a definitive answer to that question. …
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The first speaker on the Society of Technical Analysts (STA) annual diploma course, at least for the last few years, has been Julian McCree, who always extolls the idea of Market Sentiment, and in particular the Sentiment Cycle, a theory developed by Justin Mamis (author of The Nature of Risk, Stock Market Survival and …
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