Bearish divergence between FTSE 100 and S&P 500

Last week we had conflicting signals but I still made a profit. Members of the FTSE short term forecast and No Stop strategy made a profit too. I felt bullish on GBP/USD and while I was bearish on the S&P 500 I bought the S&P and sold the FTSE. The reasoning was that if markets […]

Good performance No Stop strategy

If you follow my trades posted in the traders community (e-Yield app) you will note that most trades don’t have a stop loss. This is why I call this strategy a No Stop strategy. This strategy has produced a strong return in the last three months, my account is up 34%. since May. I trade […]

FTSE 100 facing headwinds

Markets rallied yesterday on the back of last week job report but the latest data from the US was not bullish. US factory orders fell more than expected, yet investors are happy to focus on the job report. You can see the economic data in the US is deteriorating, I think it is a matter […]

All time highs near the end

Some new all time highs are more bullish than others, particularly in the early parts of the bull market. But when the new all-time highs occur during a period of extreme optimism you know the end is near…read more

FTSE 100 prediction over the short to medium term

My FTSE 100 prediction is based on the Elliott wave pattern together with sentiment and fundamental factors. The FTSE 100 was weak yesterday, this happened despite a weak pound sterling. The UK index closed down while GBP/USD was falling on lower than expected inflation data. The consumer price index for June came in at 0%, […]