Latest economic data from the US was soft, this could delay any hike in US interest rates - bullish for stocks
Top 20 Differential is oversold, this indicator measure strength / weakness in the blue chips. When the blue chips are weak they tend to bounce back so it's bullish for stocks.
Bond yields are rising it could be because UK inflation is on the rise. If today's consumer price index is strong, the pound will strengthen and UK stocks could fall. A weak CPI would be bullish for stocks.
Today I am pleased to report a series of good trades and why patience is paramount in order to succeed. My forecasts on FTSE 100 and EUR/USD have been spot on recently. Latest results on the swing trades from Better Trader Premium:
FTSE 100 December: +200 pts on 4th October and +56 pts on 11th October S&P 500 December: -10 pts on 4th October EUR/USD spot: +250 pts today Options: +103 pts on 11th October
So in total +599 pts so far this month.
You would think I have thousands of members based on this performance. The truth is I don't. The reason? People are not patient, they want immediate return. If nothing happens for a while they quit. They don't realise the profits will come when they have left.
To all those who quit the service in September, look you've missed 599 pts!
Profits from trading don't materialise regularly. Sometimes we can have a period where nothing happens for example we will win then lose, win,lose,win,lose ..that kind of thing. Then suddenly we will make 600 pts in a month.
That is the way trading goes. You have to be patient and you must replicate all the trades without exception in order to succeed.
Anyway based on long term performance, the most profitable markets are FTSE 100 and options. I recommend to concentrate on these two markets.
How to profit from my analysis?
If you are a day trader click: http://www.e-yield.com/special-offer-ftse-intraday/ By email first month £28, thereafter £57 per month By SMS and email, first month £34, thereafter £69 The FTSE intraday service targets small moves of 50-70 pts, stop loss is 40pts.
The FTSE 100 has rallied strongly in the last two days. If the bounce was counter trend, it should have ended near 6900. The rally above 6900 is bullish and not consistent with a counter trend bounce that is running out of steam. This morning the index tested the previous high at 6937.4...read more