forex trading


S&P 500 challenging upper reaches

My S&P 500 trade (ETF Proxy – AMEX:SPY) is challenging the upper reaches of the red zone as I wait for resistance to manifest itself.  If the highs of this area (Near $192.50) are broken,…


Look for Euro selling opportunities

Following last week’s comments regarding the Euro, it’s worth looking in on due to the continued sell-off since posting that key reversal day. It’s closing in on the 200dma that we discussed last week so…



DAX 10,000 or bust?

The dip buying I advised in the FTSE worked out well so far. This is where the markets get very unpredictable. I guess with Draghi’s comment regarding a rate move has only fuelled the fire…


Head and Shoulders holds in S&P

The head and shoulders pattern in the main market index for the US stock market…The S&P 500. (ETF Proxy – AMEX:SPY) continues to unfold.       Price is just hacking and gasping sideways, and…


Spilling the beans!

They’re spilling the beans in Guaruja, Brazil…. My caffeinous indulgences have to be tamed. My enthusiastic expectations have had a setback since the rains came and the smart ‘knowing’ money took profits in the last…


Is FTSE uptrend losing momentum?

This week has been a smooth one for the FTSE 100 that has shown some amazing resilience recently. With the bank holiday last Monday the UK index had one less session to try and reach…



UK FTSE to hit 7000

Despite the frankly disastrous GDP data from the US, the indices and in particular the FTSE remains bullish. It seems almost inevitable that the UK’s main indices will make new highs and hit the 7000…


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