Weekly Review and Outlook 11th December 2017

Mark NugentDec 2017, Trading Plan

Weekly Trading Review – Week Commencing 4th December 2017

Highlights of the Week

Last week was dominated by Brexit and the end of Phase 1 negotiations after sufficient progress was deemed to have been made on the three key issues of the divorce bill, people and the Irish border.

In the US, the Senate passed Trump’s tax bill on Monday. Barring disaster, this will now pass into law before year end.

The USD was up over the week. Most global equities followed a “U” shape over the week – down on risk-off sentiment over the first half of the week and then up on risk-on sentiment over the second half of the week. The US 10 Year yield followed the same pattern.

Themes for the week were:

1. FTSE100 at 200MA – long setup? – trade taken; exit at breakeven.
2. GBP/Brexit – agreement needed by 4th Dec (Tusk) – agreement reached; GBP hardly moves.
3. Oil fundamentals and sentiment –ve? – currently consolidating.

Performance

Trade 70, FTSE100 long, closed at breakeven. Month-to-date performance is +0.99 % and year-to-date is 28.4%.

Weekly Trading Outlook – Week Commencing 11th December 2017

Major Events

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Here is your Weekly Review and Outlook video.

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.

The themes and plan for this week’s trading can be found HERE.


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