Going to be quiet early on in Europe, and then we will see how the US market reacts to ‘Sandy’ after being closed for two days. You can argue both sides here, bad market reaction, obvious, good market reaction, more jobs in the clean up!

We had a positive day Continue Reading →

Due to ‘Sandy’ America will be closed today. This should lead to a quiet day. Ranges should be tight. We are in a bear market S&P reached 1393 overnight on Japan outlook, but have rallied slightly this morning.

Ranges for the day are 1393  1407  and for the Euro 1.2880  Continue Reading →

Disappointing figures from Apple continued the slide late last night. The no growth story has now replaced any upside from QE or Draghi’s bond programme. S&P set for lower over the next few weeks. Today we are testing the 1400 level, next targets are 1380  and 1365. The Euro is Continue Reading →

The market is looking a bit better this morning. A better Asian session and expectations of good GDP figures in the UK have given these markets a little boost. No deal reached yet on Greece but a possibility of an extension on payment times.

All in all we have started Continue Reading →

The markets sold off seriously yesterday. Is this the start of a down trend? Well key levels were broken on the stock market 1417 on the S&P. A combination of poor blue chip results and renewed worries over Spain have turned this market around. We were at 1459 last Thursday. Continue Reading →

Market sold off yesterday afternoon but support at 1417 held. The market than rallied on Yahoo figures. We are now back to the mid point of this range. This market is difficult to trade and only positions at the extremes will make money. Ranges are now established but the macro Continue Reading →

Late Thursday and Friday the market corrected. It was triggered by the Google early release but the market needed a set back anyway.

We reached some important levels 1420 on the S&P and 1.3000 on the Euro and 1710 on Gold.

Question is, what the mood will be today. Hard Continue Reading →

A crazy day on the market yesterday. We thought it would correct and it did, eventually. But after a roller coaster ride. The Euro summit as usual reached only confusion. Doubts over the ESM, Greece, Spain and Merkel wanting budget control over everybody. It is still a mess. Then we Continue Reading →

We have reached 1458 on the S&P and 1.3140 on the Euro. Is this the top, good figures again in the US but we failed to make much headway. EU summit is on the cards today but I am not expecting much from it.

We should get a good idea Continue Reading →

Market has now put in a strong rally over the past few days. I do not believe in fading strong trends and this is one. However I cannot get my head around why the market is so strong. Traders who do our courses understand the concept of being ‘Tuned In Continue Reading →

Strong figures in the US on Retail Sales were initially greeted with indifference and the market fell to support at 1422. There then followed a strong rally late on, andwe finished at 1437. We are opening this morning close to 1440. Euro was tightly range bound 1.2990 holding the top Continue Reading →

Having spent a few days off at the end of last week, I see the levels facing me this morning are at the lower end of the range on the S&P and middle for the Euro. I left Thursday with the market selling and then it rallied hard Friday and Continue Reading →

The big support levels held for the Euro and the S&P at 1.2825  and 1420. The market put in an impressive rally from there. 1.2950  and 1437 were the highs. We shrugged off the bad news with regard the Spanish downgrade and rallied on the fact that Spain is closer Continue Reading →

After the downgrade last night the market went into meltdown. S&P fell to 1421 and the Euro which was having a good day sold off last night. The market is trying to force Spain into a bailout and Spanish bond yields are on the rise this morning. This is going Continue Reading →

The market turned yesterday and capitulated to the bad news stories across the globe. Spanish bond yields rose , lower growth in China. bad results on Wall st.

It looks like we have a bear market so where are the targets?

On the Euro  1.2825  followed by 1.2750 are my Continue Reading →

No decision on Spain and thier bailout so the market is in limbo. A negative day yesterday but the bottom end of the ranges held strongly. Expect a quiet day today unless we get some new news.

Ranges are S&P 1455  1445    Eur/Usd  1.3000  1.2940  Gold 1780  1774

Very tight Continue Reading →

Despite the lower employment rate of 7.8% the rally in the US equity market failed at 1466. This market is nervous up here especially with a raft of earnings data comming. Euro hit 1.3070 and has sold off 100 points since.

We have a Euro finance ministers meeting today. Greece Continue Reading →

5 October 2012

Big day today. Yesterday the S&P was pretty quiet while the Euro and Gold had a strong upday. Conditions are good for gold however it needs a correction at some stage so be carefull. Otherwise we still target 1900/2000 for year end.

Euro put in a strong Continue Reading →

The market has opened better this morning but not enough news to rally the market through resistance points. The US is producing better figures but the Spanish refusal to agree the bailout is providing a counter balance.We should remain range bound untill the Non Fram payrolls on Friday.

Euro is Continue Reading →

Market is proving that while Spain refuses to ask for a bailout we have no interest in breaking out of the present range. The slightly better news from the US is acting as a counter balance.

There is activity in the market but well within the ranges.

S&P 1446  1432   Continue Reading →