Indices Spread Bets June 2009
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Indices Spread Trading
A regular Indices spread trading update by Simon Denham of Capital Spreads. For the latest Indices spread trading update, click here.
Spread Betting on Indices, 3 July 2009
The markets reacted, unsurprisingly, to the downside on yesterday’s US employment news but the FTSE failed yet again to break below 4200.
Buyers are steadily drifting back into the market hoping for a repeat performance of the action of the last 10 days where the market has repeatedly hit the 4210 level (or thereabouts) and recovered back up to 4300.
This morning sees our Financial Spreads clients very heavily long of all the indices and the initial move is very nice for them with a return to the mid 4200’s in the FTSE 100 already.
The US markets are closed for the Independence Day holiday and this is likely to make for slow but steady trend price movement.
In all of the virtual non-activity of the last few months in the FTSE the traders with the deepest pockets have been the winners as the constrained trading environment has made for very profitable short term position taking.
Spread Betting on Indices, 2 July 2009
The market is once again failing to make ground. The US session started with a spring in its step but gradually gave back all its gains throughout the day.
US futures are weaker too and already we are calling the Dow Jones to open 40 points lower at 8465 and the S&P also 5 points in the red at 918.3 at the time of writing.
The FTSE 100 is choppy this morning and has recovered partially from its lows. It’s now back around the 4300 level.
The indecision and lack of direction can be attributed to the non-farm payroll data that’s due to be released from the US at 13h30 today. This is usually THE market mover and last month’s figure came in much better than expected, causing a gap higher in futures before the cash markets opened at 14h30.
Spread Betting on Indices, 1 July 2009
The FTSE 100 open has taken us all rather by surprise. We were initially calling the market to start near to where we closed last night after the US indices skulked around their lows and little came from the Asian session.
The move higher has been lead by miners, energy stocks and also retailers in an audacious start to the third quarter after many claimed that markets limped over the line at the end of Q2 with a bout of window dressing.
Retailers are gaining ground on some not-as-bad-as-expected-news from M&S. They reported their smallest quarterly sales decline in near to two years. M&S shares are pushing some 3.5% higher and Next are benefiting too with a move back above the £15 mark, up by some 3% so far this morning.
So far the rally this morning has been strong and quick. We are through the 4300 level already. The test will be whether we can maintain these levels. There is resistance where we currently stand. On the daily chart we are once again just below the 20 day moving average which is sitting around the 4330 level at the moment.
The economic data being released at the moment is mixed to say the least. While house prices here are showing signs of recovering, in the US it is looking like the worse of their declines are over and they are finally turning the corner. Nevertheless, GDP numbers yesterday were very disappointing and US consumer confidence also put a dampener on proceedings.
For the UK housing market the green shoots should be taken with a pinch of salt. Much of the support to prices is being attributed to foreign money coming in as investors take advantage of a weak sterling.
Buyers are still being squeezed by a lack of fresh supply coming onto the market and of course mortgage lending is still very tight. With the overall unemployment situation still grim, the current trend for house prices looks unsustainable.
There seems to be an overall tussle between the bulls and bears across most assets classes at the moment. As this battle is taking place near the highs, it is no wonder that so many people, particularly technical analysts, are calling for lower prices across all indices. With bulls matching bears blow for blow at the moment, it will be interesting to see who will win in the end.
Spread Betting on Indices, 30 June 2009
Markets have been quiet in the past but this morning is almost something different.
In two hours of trading the FTSE 100 has managed to excite absolutely nobody at all after the Dow Jones and S&P 500 went into deep freeze yesterday evening.
With volumes draining away as dealers head off to the beach there is a good chance that the current moribund conditions will continue for quite some time.
Watching the charts is rather a frustrating pastime as even small moves look huge due to lack of any major scale with which to compare.
The major UK index has now been stuck in a 100 point range for seven sessions and (in truth) today does not exactly look like changing matters.
Spread Betting on Indices, 29 June 2009
The congested trading ranges continue to dominate proceedings with the Markets loath to make a decision about direction.
Punters who are patient and not too aggressive have been able to pick the trades quite simply in virtually all the major arenas especially in such favourites as Cable, FTSE, Oil and the Dow. The ranges have almost become set in stone for all of these markets and the only problem is to avoid being the wrong way round when the break out finally arrives.
On this issue the inability of the FTSE 100 to recover from the 4200 level is becoming a concern as other indices do seem to have bounced from the lows of last midweek.
Financial Spread Clients continue to buy the weakness as this has proved to be the correct decision for some considerable time but it must be noted that this continued failure to move away from the support at 4200 is worrying.
While the major economic forums are uncharacteristically optimistic at the moment for future growth (2010/2011) this still seems to be more of a line in hope rather than expectation. The huge levels of debt created in the consumer portion of the global economy are not going to disappear overnight and this commentator fears that we will have one two hiccups on the way.
Buyers have been much in evidence in the first few minutes of action this morning as the FTSE, which was called down at around 4225 in pre-market activity, was swiftly bought up to the 4250 mark. Short term there is a small resistance level at 4255 which might prove awkward to break through but, for today, the sun is shining and there appears to be little reason for any dramatic activity.
Price update:
- The FTSE 100 closed last week down -104.9 points at 4241 (down -2.41%)
- Wall St (Dow) closed last week down -101.34 points at 8438.39 (down -1.19%)
- The Nasdaq 100 closed last week up 10.75 points at 1838.22 (up 0.59%)
- The S&P 500 closed last week down -2.33 points at 918.9 (down -0.25%)
- The DAX 30 closed last week down -62.99 points at 4776.47 (down -1.3%)
- The Nikkei 225 closed last week up 91.13 points at 9877.39 (up 0.93%)
Also see:
Financial Spreads >>
"With FinancialSpreads.com you get all the normal
advantages of Spread Betting plus..." >> read
Financial Spreads review.
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Spread Betting on Indices, 26 June 2009
Once again the FTSE holds its ground. US markets staged a bit of a comeback last night following comments from the Federal Reserve’s chairman that the Bank of America and Merrill Lynch deal had helped to stabilise the financial markets.
The remarks were hardly worthy of the sort of rally that we had last night, but the move goes to show sometimes just how fickle the US markets can be.
It would seem that buyers just needed any excuse to lift stocks and the rally means that we continue to trade within the tight range.
The FTSE is trying to push back above 4300, but has already rejected the level so far this morning. Resistance is seen around there and a few sellers have drifted in as client sentiment seems to have shifted from exceedingly bullish to a slightly more moderate stance.
If we breach 4300 the next test will be 4315 and then 4360 where the 20 day moving average is currently sitting, but it’s hard to see momentum for the bulls managing to sustain such a move.
Spread Betting on Indices, 25 June 2009
For those who like symmetry and patterns in the markets the last six months or so have been a boon. As mentioned many times in these comments.
Yesterday saw the Dow Jones hit the same support range as held the markets up back in May and ‘lo and behold’ here we go again. 8200 to 8250 proved too much of a battle to breach on six separate occasions in just a couple of weeks last month and traders have obviously decided that the same action is likely to reoccur this time as well.
The sell off late in the trading session on the Dow was not matched by the S&P 500 which failed by fully 70 points to record a lower print than Tuesday’s low and the odds may now turn back towards the upside once again.
Trading continues to be fast and furious but for those bulls out there I do have one piece of rather good news. A newspaper commentator, TS, who spent most of the last 18 months being bullish (in the face of everything) has just turned bearish (if his latest article is to be believed). For those of you who love a good contra indicator this may well be as good as it gets.
For all of the comment about the end of the bull run the FTSE is currently just 230 points from the highs of May. Not much of a reversal. About 5%. We have had many individual trading sessions in the last year with bigger ranges.
Like many commentators I am nervous about the strength of the current ‘green shoots’. I fear that what acceleration in activity we do get will be snuffed out (and more) by the increases in taxes and cuts in spending that must occur after the next election.
Spread Betting on Indices, 24 June 2009
Markets this morning tried to open on the side of the angels but sellers have been quick to get involved and the FTSE has slipped from the 4250 level on the off to around 4220 as I write.
We are seeing heavy buying from Financial Spread clients who have watched the index unsuccessfully trying to break below 4200 for the last couple of days.
While I can empathise with the feeling that, as nothing has really changed over the last few weeks, the markets have fallen far enough I would be wary of getting too over exposed just at the moment.
I fear that too many funds/traders may have bought into the recovery story. With the low volume summer months upon us there is a reasonable chance of a squeeze on weak longs forcing a sharp shift lower.
It would be advisable if you are tempted to take out any positions at the moment to be less aggressive than normal. Watch for a break of 4217 and below here 4200 which both represent minor supports.
Spread Betting on Indices, 23 June 2009
A grim day on the markets but, for all the weakness, there does not appear to be much of a follow through.
The FTSE fell through a series of supports in a day of steps to the downside to close near its lows. However, in truth, there seemed to be no feeling of panic that we were about to launch on a renewed period of weakness. The poor performance was pretty much universal rather than picking on one unfavoured sector.
Today sees the FTSE 100 Index opening almost unchanged having been called considerably lower in pre-market action as investors take stock for the first session. They are initially deciding that yesterday was a tad overdone.
The green shoots of recovery are still to be seen but the probability is that the corporate profit side of the equation has yet to reach its nadir. As employment dwindles margins are likely to be squeezed for some considerable time to come.
The question remains; what will be the outlook when the economy finally turns? Unfortunately the answer, currently, appears to be that we will endure many years of grindingly disappointing numbers as the disaster that is the public finances seeps its way through the numbers.
For companies that are primarily focused on the UK this will possibly mean years of under performance. Remember that some 70% of FTSE 100 business is non domestic.
Anyway, that is for the future, today the argument is over whether the FTSE will continue its recent decline or whether the buyers will make a foray.
There has not been a serious pull back in the markets since the turn of early march and we have been due something of a retracement. The breaking of the upward support trendline on the 15th has turned into a concerted move lower. This is as good a piece of evidence that you are likely to see that following technical data can be remunerative.
The 4200 level represents a good approximation of the middle of the trading range since last October and there is a reasonable possibility that this return to the middle ground will become a feature of months (maybe years) to come.
At the end of last year (just before Christmas) along with a number of other, rather more respected, commentators I was asked for my expectations for the end of 2009.
The wide spread of answers was instructive some picking on 3500 some at 5000 etc. My answer was 4250. When challenged, as I was a long way away from everyone else, my response was simple. “That was where we were at the time”. With the year nearly half gone we are pretty much bang on the mark.
Support is likely to arise just below the 4200 level at around 4180 which, if tested, could see further weakness but there is continuous volume support all the way down from here so it will take a considerable amount of effort to force the issue. The easier route is back up to 4260-4280 and we may expect a small recovery to these levels.
Spread Betting on Indices, 22 June 2009
The market has caught us off guard this morning. Initially we were calling the FTSE to open in the black around 5 to 10 points. The instant the cash markets opened the sellers were out in force driving prices down.
At the time of writing we are sitting on the 4300 level, still within this peculiar 275 point range we've been in for the past seven weeks.
When you look at the charts for equity indices at the moment, they all seem to have reached a point where they simply don't seem to know where to turn next.
Support is significant enough to have prevented any sharp corrections to the down side and buyers just dry up when we look like breaking through to new highs.
Ever since the markets returned to the levels at the end of 2008 investors seem to think that we've done all we need to do and almost packed up for the year.
There is probably a degree of uncertainty creeping in regarding the Iran situation and when I checked the prices for opening calls in the FTSE last night I was surprised to see the markets looking so chirpy considering what is unfolding in the Middle East.
Whilst the price of oil has remained unaffected by the crisis, it is unnerving to see things escalate in a country that is meant to be one of the most democratic in the region.
Price update:
- The FTSE 100 closed last week down -96 points at 4345.9 (down -2.16%)
- Wall St (Dow) closed last week down -259.53 points at 8539.73 (down -2.95%)
- The Nasdaq closed last week down -31.33 points at 1827.47 (down -1.69%)
- The S&P 500 closed last week down -24.98 points at 921.23 (down -2.64%)
- The DAX closed last week down -229.78 points at 4839.46 (down -4.53%)
- The Nikkei closed last week down -349.56 points at 9786.26 (down -3.45%)
Also see:
Financial Spreads >>
"With FinancialSpreads.com you get all the normal
advantages of Spread Betting plus..." >> read
Financial Spreads review.
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Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Indices Spread Bets June 2009' by DB, updated 03-Jul-09
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Index market news: This morning the FTSE is just on the side of the angels at 5990 having already had a look at 6000, trading above it very early on but retracing...read article: Indices Spread Bets December 2010.
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Index market news: Investors seem apprehensive ahead of the NFP and rightly so. European indices spread betting markets are a little softer this morning and...read article: Indices Spread Betting October 2010.
Indices Spread Trading September 2010, updated 24-Sep-10
Index market news: The FTSE 100 is now at 5440 and looking reasonably comfortable for the moment. This said, durable goods numbers are out of the States this...read article: Indices Spread Trading September 2010.
Indices Spread Betting September 2010, updated 10-Sep-10
Index market news: The FTSE is leading the way higher meanwhile other major benchmarks, namely the Dax and the Dow, are lagging having not breached their...read article: Indices Spread Betting September 2010.
Indices Spread Trading August 2010, updated 27-Aug-10
Index market news: The FTSE is opening at 5140 having chanced its arm to the down side late in the US session last night but eventually finding no follow through...read article: Indices Spread Trading August 2010.
Indices Spread Betting August 2010, updated 13-Aug-10
Index market news: The FTSE is trading around 5300 with clients making the most of the choppy trading conditions. While bear markets are generally bad for...read article: Indices Spread Betting August 2010.
Indices Spread Trading July 2010, updated 30-Jul-10
Index market news: The FTSE 100 is struggling to gain traction this morning and we're back below 5300. Targets for the spread betting bears are 5270, but below that...read article: Indices Spread Trading July 2010.
Indices Spread Betting July 2010, updated 16-Jul-10
Index market news: The news of a successful test by BP to cap the Gulf of Mexico oil leak is the first bit of good news that the company has had since the...read article: Indices Spread Betting July 2010.
Indices Spread Bets June 2010, updated 02-Jul-10
Index market news: The Dow Jones experienced an extreme period yesterday afternoon/evening moving at will through 60 to 100 point ranges over and over...read article: Indices Spread Bets June 2010.
Indices Spread Trading June 2010, updated 18-Jun-10
Index market news: As my newspaper tells me this morning the FTSE has managed 7 straight winning days for the first time in a year. Consequently it is...read article: Indices Spread Trading June 2010.
Indices Spread Betting June 2010, updated 04-Jun-10
Index market news: In some circumstances they are not too far from their highs of April, with the German Dax a mere 3% away from its...read article: Indices Spread Betting June 2010.
Indices Spread Trading May 2010, updated 21-May-10
Index market news: The FTSE hit a low of 4970 in after hours trading last night as the Dow and S&P slumped but his morning has seen something of a reverse reaction with...read article: Indices Spread Trading May 2010.
Indices Spread Betting May 2010, updated 07-May-10
Index market news: The air of nervousness is palpable in all the markets after the chaos of yesterday evening when some programme trading in the US caused mayhem. The Nasdaq, on which...read article: Indices Spread Betting May 2010.
Indices Spread Trading April 2010, updated 23-Apr-10
Index market news: The FTSE is back to near the bottom of the current range at 5670. The support is at 5650 which proved a barrier on the way up and is now proving to...read article: Indices Spread Trading April 2010.
Indices Spread Betting April 2010, updated 09-Apr-10
Index market news: A little bounce in US indices means the FTSE 100 is set to open around 5745. Metal and energy prices are a bit stronger this morning so...read article: Indices Spread Betting April 2010.
Indices Spread Trading March 2010, updated 26-Mar-10
Index market news: The Dow Jones made a spirited attempt at leaping to 11000 but just ran out of steam at around 10960. The close on the FTSE at 5730 is the...read article: Indices Spread Trading March 2010.
Indices Spread Betting March 2010, updated 12-Mar-10
Index market news: Other indices continue to catch up with the FTSE which breached its 2010 high last week, whereas the likes of the Dow and German Dax are...read article: Indices Spread Betting March 2010.
Indices Spread Trading February 2010, updated 26-Feb-10
Index market news: Things have been pretty ugly so far this week but last night the US markets proved that any issues in Europe are not much...read article: Indices Spread Trading February 2010.
Indices Spread Betting February 2010, updated 12-Feb-10
Index market news: So far this morning the FTSE is putting in a decent show back above the 5200 mark some 45 points to the good. The little bounce we've seen...read article: Indices Spread Betting February 2010.
Indices Spread Trading January 2010, updated 29-Jan-10
Index market news: The FTSE is opening reasonably well after the late sell-off yesterday pushed the index to its lowest closing level since...read article: Indices Spread Trading January 2010.
Indices Spread Betting January 2010, updated 15-Jan-10
Index market news: The positive news for the mining sector yesterday allowed markets to record modest gains after the FTSE looked like it might...read article: Indices Spread Betting January 2010.
Indices Spread Bets December 2009, updated 01-Jan-10
Index market news: The last day of the year is either very, very, boring or wildly variable and we would probably only need the FTSE to climb to around 5450-60 to start some...read article: Indices Spread Bets December 2009.
Indices Spread Trading December 2009, updated 18-Dec-09
Index market news: This morning sees the FTSE opening around where it closed last night. In fact it is maybe just in the black and some 30 points above the lows that...read article: Indices Spread Trading December 2009.
Indices Spread Betting December 2009, updated 04-Dec-09
Index market news: Yesterday saw our clients selling in the mid to high 5300's on the quite reasonable basis that the market had failed up there a few times already so...read article: Indices Spread Betting December 2009.
Indices Spread Trading November 2009, updated 20-Nov-09
Index market news: The Nikkei has lost some 3.5% this week and other Asian indices have been weak. The German Dax has still failed to mark new 2009 highs lagging both...read article: Indices Spread Trading November 2009.
Indices Spread Betting November 2009, updated 06-Nov-09
Index market news: This morning we are calling the FTSE at 5145 in pre-market action about 20 up on yesterday's close. As mentioned earlier the...read article: Indices Spread Betting November 2009.
Indices Spread Trading October 2009, updated 23-Oct-09
Index market news: The FTSE 100 is being called at 5250 up 40 points - where we closed the evening session yesterday. The bulls will be eyeing the...read article: Indices Spread Trading October 2009.
Indices Spread Betting October 2009, updated 09-Oct-09
Index market news: The FTSE 100 is looking to open at around 5145 still within striking distance of the 5200 resistance which is where we have been for much of the last...read article: Indices Spread Betting October 2009.
Indices Spread Trading September 2009, updated 25-Sep-09
Index market news: The FTSE 100 is sitting on the back of a few declines and on the daily chart we are nearing the 20 day moving average which is hovering around the 5000 level, so a test of...read article: Indices Spread Trading September 2009.
Indices Spread Betting September 2009, updated 11-Sep-09
Index market news: Everything is looking quite solid first thing this morning, with the FTSE exactly where it was when I was writing yesterdays comment (5020), having weathered an attempt to...read article: Indices Spread Betting September 2009.
Indices Spread Betting August 2009, updated 28-Aug-09
Index market news: Spread betting clients continue to sell anything near the top. That was initially very profitable for them in yesterday's session. Dealers will be watching for a break out and anything above 4925 in the FTSE or...read article: Indices Spread Betting August 2009.
Indices Spread Trading August 2009, updated 14-Aug-09
Index market news: Comments yesterday were written with Crude Oil, Gold, Indices and Sterling etc all probing the lows and the musings were over the possibility of support levels being broken. All a waste of time in hindsight as the markets promptly...read article: Indices Spread Trading August 2009.
Indices Spread Trading July 2009, updated 31-Jul-09
Index market news: Spread betting clients will be happy to see the lower start to the FTSE Index as they remain firmly in the bear camp and after such a good run higher to the...read article: Indices Spread Trading July 2009.
Indices Spread Betting July 2009, updated 17-Jul-09
Index market news: Now that the S+P 500 has rallied to beyond the high of its right hand shoulder, the pattern is meant to have been negated. The underlying question though is can we maintain this momentum? For all the...read article: Indices Spread Betting July 2009.
Indices Spread Bets June 2009, updated 03-Jul-09
Index market news: This morning sees our Financial Spreads clients very heavily long of all the indices and the initial move is very nice for them with a return to the...read article: Indices Spread Bets June 2009.
Indices Spread Trading June 2009, updated 19-Jun-09
Index market news: Even the Dow and S+P seem to be moribund with no appetite to sell the S+P 500 below 900 or the Dow Jones below 8400. Whilst there was a late rally...read article: Indices Spread Trading June 2009.
Indices Spread Betting June 2009, updated 05-Jun-09
Index market news: Big rallies and falls in Gold, Oil, Indices and Currencies have kept everyone on their toes, in fact the only major market that has really done nothing very much is the one most of our clients are interested in...the FTSE 100 Index. The current range...read article: Indices Spread Betting June 2009.
Indices Spread Trading May 2009, updated 22-May-09
Index market news: From a technical point of view the FTSE has formed a perfect 'double top' around the 4500 mark which sometimes indicates that we will continue lower. However the bulls may not have...read article: Indices Spread Trading May 2009.
Indices Spread Betting May 2009, updated 08-May-09
Index market news: So the FTSE is a little perky this morning and we're back around the 4450 mark. The test for the market now is whether it has the momentum to keep going and breach the 4500 level and close above it recording a new 2009 high. The recent rally has...read article: Indices Spread Betting May 2009.
Indices Spread Trading April 2009, updated 24-Apr-09
Index market news: Anyone spread betting would seldom have had such a favourable market situation and many have been taken good advantage of the constrained ranges to make money on...read article: Indices Spread Trading April 2009.
Indices Spread Betting April 2009, updated 10-Apr-09
Index market news: Relief that the supports all held yesterday has given a boost to traders this morning and buyers are continuing to fill up on stock. Early calls in the FTSE 100 were for a move...read article: Indices Spread Betting April 2009.
Indices Spread Trading March 2009, updated 27-Mar-09
Index market news: The FTSE 100 is still constrained by the 4000 level, even though we had an attempt on it late on Monday. 4000 and 4050 also has quite a bit of legacy volume resistance and failed...read article: Indices Spread Trading March 2009.
Indices Spread Betting March 2009, updated 13-Mar-09
Index market news: The DAX 30 was briefly trading underneath the FTSE 100 towards the end of...read article: Indices Spread Betting March 2009.
Indices Spread Trading February 2009, updated 27-Feb-09
Index market news: Weakness throughout the late afternoon and evening sessions weighed heavily on the markets yesterday after a bright start and the FTSE 100 is now back in...read article: Indices Spread Trading February 2009.
Indices Spread Betting February 2009, updated 13-Feb-09
Index market news: The Dow had the most impressive try for freedom breaking through the support mentioned yesterday at 7850 to get as low as 7695, down over 200, before...read article: Indices Spread Betting February 2009.
Indices Spread Bets January 2009, updated 31-Jan-09
Index market news: The market is unlikely to be exactly exciting this morning as there are virtually no corporate announcements and the treasury data releases confined to money supply numbers. It will be no surprise if...read article: Indices Spread Bets January 2009.
Indices Spread Trading January 2009, updated 16-Jan-09
Index market news: Another day another decline and 4000 is looming. Yesterday we recorded the longest losing streak since 2004 as the news flow descends into...read article: Indices Spread Trading January 2009.
Indices Spread Betting January 2009, updated 02-Jan-09
Index market news: Today traders are pushing the markets up in the usual first day rally and the FTSE is grinding its way up. The view of the charts is that...read article: Indices Spread Betting January 2009.
Indices Spread Trading December 2008, updated 19-Dec-08
Index market news: The value in world terms of the FTSE indices has taken a real battering over the last few months. We might think that the FTSE 100 has rallied 18% from...read article: Indices Spread Trading December 2008.
Indices Spread Betting December 2008, updated 05-Dec-08
Index market news: Markets continue to jump around all over the place but the total effect seems to be very little. After the close at 16.30 yesterday the FTSE futures market initially traded almost...read article: Indices Spread Betting December 2008.
Indices Spread Trading November 2008, updated 21-Nov-08
Index market news: The S+P 500 is now almost exactly 50% from the highs of October '07. For those of you who think that investment mangers are actually any good at all at their jobs it is instructive to point out that this high was reached many months after...read article: Indices Spread Trading November 2008.
Indices Spread Betting November 2008, updated 07-Nov-08
Index market news: The FTSE 100 is being called some 30 points to the good at around 4300 having traded as low as 4150 last night. It is probably inadvisable to...read article: Indices Spread Betting November 2008.
Indices Spread Trading October 2008, updated 26-Oct-08
Index market news: The bottom has well and truly been snipped out of the markets this morning and we are looking at a near 200 point fall in the FTSE on the open. The FTSE 100 is now back at the support levels mentioned yesterday...read article: Indices Spread Trading October 2008.
Indices Spread Betting October 2008, updated 10-Oct-08
Index market news: Today looks to be starting off as a complete bloodbath. The FTSE 100 is being called an astonishing 300 points lower on the open which will mean a massive 7% off yesterday?s close. The news that...read article: Indices Spread Betting October 2008.
Indices Spread Trading September 2008, updated 26-Sep-08
Index market news: The FTSE is looking to open at around 5135 and investors will be hoping that there is no follow through to attack the 5050 support. In reality we are likely to see low volumes causing volatile moves as liquidity on the Futures exchange...read article: Indices Spread Trading September 2008.
Indices Spread Betting September 2008, updated 12-Sep-08
Index market news: This morning the Miners are leading the way. They are all up around 4% to 5% and the sector remains an incredibly important supporting factor for the FTSE 100. Miners have fallen some...read article: Indices Spread Betting September 2008.
Indices Spread Trade August 2008, updated 29-Aug-08
Index market news: If the FTSE maintains these levels to close the week above 5600 then that could be seen as a good indication that higher prices are to come. However, this week's move has been on the back of low volume so investors remain...read article: Indices Spread Trade August 2008.
Indices Spread Betting August 2008, updated 15-Aug-08
Index market news: Trading ranges over the last month have been exceptional in the US spread betting markets with 250 points a day being quite normal for the Dow. The trend since mid July has...read article: Indices Spread Betting August 2008.
Indices Spread Trading July 2008, updated 01-Aug-08
Index market news: The FTSE is opening 50 points lower after the late action in the US (again) and our...read article: Indices Spread Trading July 2008.
Indices Spread Betting July 2008, updated 18-Jul-08
Index market news: The FTSE is looking to open around 50 points to the good this morning some 140 points off the lows at Midday yesterday but this still only leaves us at around the closing price of Tuesday and well below...read article: Indices Spread Betting July 2008.
Indices Financial Spread Bet July 2008, updated 04-Jul-08
Indices market news: The danger of jumping in now of course is that it could well be a little too early. The temptation must be great considering the market the FTSE has fallen some 900 points (14%) in the last 6 weeks, the old adage...read article: Indices Financial Spread Bet July 2008.
Indices Financial Spread Trading June 2008, updated 20-Jun-08
Indices market news: Precious little reason to get involved on the buy side these days has left the FTSE 500 points off from the highs of last month. But with the foreign legions of mining and oil still propping us up to a certain extent there have been moments of light. Unfortunately for...read article: Indices Financial Spread Trading June 2008.
Indices Financial Spread Betting June 2008, updated 06-Jun-08
Indices market news: With a new scent of confidence around even a poor number may be taken in the markets stride. In the meantime we do not expect much activity in the morning session after the opening levels are secured. The call on the FTSE 100 is for a rally to around 6025, 30 points higher than the close yesterday. The support at 5950 remains...read article: Indices Financial Spread Betting June 2008.
Indices Spread Bet May 2008, updated 23-May-08
Indices market news: The FTSE 100 is struggling to maintain current levels as more sellers coming into the game over the past few days. The squeeze up to 6390 of last week now seems a distant memory but of course dealers are generally hopeful of...read article: Indices Spread Bet May 2008.
Indices Trading May 2008, updated 09-May-08
Indices market news: Indices are a tad weaker after the US indulged in one of its late night sell offs with the Dow Jones dropping 200 points from its highs and the S&P giving up on the 1400 level for now. The FTSE is called to come in 30 points lower at around...read article: Indices Trading May 2008.
Indices Trading April 2008, updated 25-Apr-08
Indices market news: The trading range of the FTSE almost exactly matched the previous days efforts with the ultimate result also almost identical. The markets continue to wrestle with the 5970 to 6100 range and my comment about many traders waiting for one or the other to be defeated still remains in place. Yesterdays action was an absolute boon to FinancialSpreads.com clients who as mentioned in yesterdays comment have been heavy sellers at anything above...read article: Indices Trading April 2008.
Indices Spread Bets April 2008, updated 11-Apr-08
Indices markets: Despite slightly negative taint to todays report, the FTSE 100 this morning has opened much better than expected causing a Gap higher on the open. Yesterdays reversal from the lows at around 3pm yesterday was so sharp and took many Financial Spreads clients by surprise that it could be a signal that...read article: Indices Spread Bets April 2008.
Indices March Spread Trading, updated 28-Mar-08
Indices markets: The FTSE 100 is likely to open almost unchanged at around the 5710 level having looked weaker overnight in the US late trading session but deciding, on reflection, to hold onto the gains of yesterday. As mentioned in yesterdays comment there is a small sense of confidence brewing with our Capital Spreads clients, not huge, but enough to be noticeable on our books. The next...read article: Indices March Spread Trading.
Real-time Indices Prices and Charts, updated 15-Feb-08
Indices pricing information: The FTSE rather disappointed yesterday after a very late sell off took us from 30 or so up on the day into negative territory. Today we are looking to come in just slightly to the downside at around the 5875 level. There is hope that...read article: Real-time Indices Prices and Charts.
UK Indices Spread Trading, updated 01-Feb-08
UK Indices Spread Trading: The FTSE 100 Spread is called 30 up this morning at 5910-5911 which is just below a bit of a resistance level at 5920. For all of the bad news around it is wise to remember that...read article: UK Indices Spread Trading.
Indices January Spread Betting, updated 18-Jan-08
Last night, with the Dow closing over 300 points lower, the call was for the FTSE to open this morning at around 5820 (another 80 points off Thursday's close). Cue this morning and Far East dealers have obviously decided...read article: Indices January Spread Betting.
Indices Trading Online, updated 21-Dec-07
Find out where you can Trade Indices Online for free plus your Indices trading questions answered, tips on getting free Indices charts, real time prices and...read article: Indices Trading Online.
Indices Futures Trading, updated 07-Dec-07
Where to trade Indices Futures plus updated Indices trading news and the most popular Indices questions answered....read article: Indices Futures Trading.
Indices Broker, updated 23-Nov-07
Where to find free Indices Brokers plus regular Indices financial trading news as well as the most popular Indices questions answered....read article: Indices Broker.
Indices Platform, updated 09-Nov-07
Where to find free Indices Platforms plus updated Indices trading news as well as the most popular Indices queries answered....read article: Indices Platform.
Indices Software, updated 26-Oct-07
Where to find free Indices Software information plus updated Indices trading news as well as the most popular Indices queries answered....read article: Indices Software.
Indices Prices, updated 04-Feb-08
Where to find free Indices Prices plus updated Indices news as well as your top Indices questions answered....read article: Indices Prices.
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