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 […]
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GBP/USD
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 […]
The next crisis is coming, receive my FTSE 100 trading tips
I have warned many times the stock market would collapse / enter a bear market. This does not mean I am permanently short. I am a short term trader, I don’t take a punt on the long term trend, if you want to profit from the stock market collapse please register to receive my FTSE […]
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 back to support
The index is in a wave up. Today’s decline represents another opportunity to go long…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%, […]
GBP/USD is weak but FTSE 100 is struggling
Two weeks ago the 34-day BTI became overbought, this happens when the FTSE 100 is near a major top. Was 7599 the top? It’s possible because the pound is drifting to previous lows but the FTSE 100 is struggling to rally…read more
FTSE 100 prediction confirmed by the pound, S&P 500 could rally
The Top 20 Differential was oversold two days ago, this meant the FTSE 100 prediction was up, I expected a bounce to relieve the oversold condition. We had the bounce yesterday and the Top 20 Differential is no longer oversold. But the rally carried further than expected. The rally retraced nearly 62% of the previous […]
e-Yield indicators are bearish but the declining GBP/USD is bullish
Today we have an alternate wave count, this bearish scenario is supported by the S&P, e-Yield indicators, and the Elliott wave. As you can see on the chart this alternate wave count assumes that the rally ended at 7447. In fact this is also the end of the bull market represented by wave (5). In […]