Daily Alert: Wednesday 29th November 2017

Mark NugentDaily Alert, Nov 2017

Trading Analysis for Wednesday 29th November 2017

I re-enter my FTSE250 long after a solid H4 rising candle yesterday morning. The price kept rising to the market close at 1630 GMT. Subsequent news about the Brexit divorce bill settlement was bound to lead to a gap up this morning and it did. Current price equates to around 1 x risk, stop to breakeven.

The Telegraph reported the UK and EU reached an agreement over the Brexit bill and have agreed in-principle to the EUR 60bln financial settlement offer later last week.

The Senate Budget Committee approved the Republican tax reform plan which will now go to the Senate floor to be voted on.

Oil – US API weekly crude stocks (20 Nov, w/e) 1.821M (Prev. -6.356M). (Newswires)

North Korea fired a ballistic missile that landed off waters near Japan, which it later confirmed was a new type and most powerful ICBM named Hwasong-15.

USD up on tax bill news, all US equities make new all-time highs. Equities up around the world. JPY weakens and US 10 Year yield ever so slightly up. Definitely risk-on.

[mepr-hide if=”loggedin”]

VIP Club members please [mepr-login-link] to access your Daily Alert video.

For VIP Club members, this commentary is augmented with a short daily video where I discuss the trades I am in and the opportunities for tomorrow. If you would like a free one month trial to the VIP Club you can find out more HERE.


[mepr-show if=”loggedin”]

Here is your Daily Alert video.

The updated Trading Plan is HERE.

You can download the video HERE. If it starts to play in your browser, right click on it and select “save video as” or similar and it will download to your machine.

There is an archive of all VIP Club member’s content on the VIP Club page.