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1st Oct 2019. 3.35pm

Regency View:

Portfolio Update

Trading conditions have been less conducive to our strategy in recent weeks. Mean reversion across a number of sectors have reduced the quantity of high quality trend continuation plays available.

These periods tend to ebb and flow but it is crucially important to remain as disciplined during the tougher times as we are during the good times.

Our current live portfolio is modest in size with our positions in the UK and US defensive sectors (BA. and RTN) going through pullbacks.

Live Portfolio Snapshot (£300 risk per trade)

Live Portfolio Snapshot (£300 risk per trade)

The FTSE 100 has formed a bearish fakeout pattern during today’s session. After breaking and holding above key resistance at 7,393 last week, prices have broken lower – setting up a potential re-test of 7,213 support.

FTSE 100 Daily Candle Chart

FTSE 100 Daily Candle Chart

The S&P has been chopping sideways within a broad descending retracement channel, taking the market back towards a key area of support.

S&P 500 Daily Candle Chart

S&P 500 Daily Candle Chart

Disclaimer:

This research is prepared for general information only and should not be construed as any form of investment advice.