Summary Week Ended Friday 27th December 2013

 

1 Stock Trade:

1 RIO + 28.43 BPS


Stocks net  + 28.43 BPS

7 Index Trades:

7 FTSE + 22.73 BPS


Net all trades + 51.16 BPS

Return on account for the week 1.28 %.

P:L ratio 9.86 : 1.

All short trades, all intraday.

I traded 2.5 days this week.




Thoughts

A quiet week, the market was closed for two and a half days for Christmas.
The German market was closed for three days.

FTSE made new 30 day highs on Friday.

The Dax made yet another all time high, and is over 13% above the 200 DMA, which is not that common:

Stay disciplined.

Stay focussed.

FTSE Cash 24th December 2013

Summary Week Ended Friday 20th December 2013

 

9 stock trades:

2 AAL + 32.04 BPS

7 BLT + 135.69 BPS

Stocks net  + 167.73 BPS

11 Index Trades:

11 FTSE + 48.72 BPS


Net all trades + 216.45 BPS

Return on account for the week 3.17 %.

P:L ratio 2.19 : 1.

Long and short trades, intraday and overnight.

I traded 4.5 days this week.




Thoughts

Another busy week, over 3% return for the week is above target, although I left a lot on the table exiting FTSE longs too soon, ditto with AAL.

I need to trade the index less and concentrate more on stocks, since I think that is where I have made more consistent profits in the past, even allowing for the higher cost in terms of spreads.

Markets were volatile, the Fed sparked a huge rally on the US equity market on Wednesday night after they said that yes they were going to taper, but not by very much. The miners sold off heavily early in the week, this is BLT:

FTSE rallied sharply off the support around 6480.


Next week will probably be pretty quiet, market is closed on the 25th & 26th, and 24th is a half day I think.
Looking forward to ending the month with a reasonable return.


Stay disciplined.

Stay focussed.

The FOMC Effect 18th Dec 2013

BLT Action 16th December 2013

BLT traded in a very wide range today, made a new 30 day low in the opening 15m, then rallied to close @ 1793.

Summary Week Ended Friday 13th December 2013

 

20 stock trades:

2 AAL + 112.70 BPS

16 BLT + 73.86 BPS

2 STAN + 171.34 BPS

Stocks net  + 219.27 BPS

17 Index Trades:

17 FTSE + 51.72 BPS


Net all trades + 270.99 BPS

Return on account for the week 3.58 %.

P:L ratio 2.14 : 1.

Long and short trades, intraday and overnight.

I traded 5 days this week.




Thoughts

A busy week, over 3.5% return for the week is above target.

Markets were quite volatile, I traded the FTSE quite a bit this week. Modest results for quite a lot of work, but then that's the markets for you.

Still no sign of the Santa rally.

FTSE has declined for six consecutive weeks.

Next week is the last full trading week of the year, looking forward to it.


Stay disciplined.

Stay focussed.

FTSE 10th December 2013

Summary Week Ended Friday 6th December 2013

 

14 stock trades:

8 BLT + 136.62 BPS

1 BP + 31.5 BPS

5 STAN + 171.34 BPS

Stocks net  + 339.46 BPS

10 Index Trades:

10 FTSE + 36.47 BPS


Net all trades + 375.93 BPS

Return on account for the week 4.53 %.

P:L ratio 5.46 : 1.

Long and short trades, all intraday.

I traded 5 days this week.




Thoughts

A decent start to the month, over 4% return for the week is above target. Missed plenty of trades but that's normal. I only have one pair of eyes.

Markets were quite volatile, STAN came out with a profits warning and shed over 600 BPS in the first hour's trading on Wednesday.

FTSE is still well off the recent highs, and I'm wondering if Santa is going to appear before the 25th Dec.

FTSE 4 hour chart is interesting right here:

Looking forward to next week's trading.

Stay disciplined.

Stay focussed.

UU Chart 5th December 2013

Weekly Chart...

Resistance may be support.

FTSE Cash 4HR Chart 4th Dec 2013