Indices Spread Betting August 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, 28 Aug 2009
The markets once again tried to move to the downside yesterday but the effort, for the moment, looks to have been too much.
The FTSE 100 reached a low of around 4850 matching the level of the short pull back on Monday evening. It seems that there might be some support at this level being built up. To the upside we are similarly constrained as the 4915-4925 region appears to be a tough nut to break.
This might make for a dullish Friday but on the plus side all the major markets seem to be piling up against the highs for the year with rejections of the higher level in most of the last three or four sessions.
As mentioned yesterday our 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 below 4850 might well give them the push needed for a bigger move.
For the moment though it seems ‘sitting on hands’ might be the most profitable activity.
Spread Betting on Indices, 27 Aug 2009
The FTSE 100 has opened at around the 4880 level but already we are seeing pressure to the upside and it is tempting to say that we might have a nasty little squeeze on shorts over the next few days.
The 5000 level is just so close now that it would seem churlish not to at least have a look at it.
There is an obvious fear that we have been a bit too aggressive in the retracement of the last 10 months falls. It seems unlikely that we will be much higher than the current levels in six months time.
The point about the above comment is that there is a danger of overshooting violently to the upside if shorts become too big. As often happens in markets a sort of rolling destruction takes place as more and more sellers are forced to buy back.
Not only this but heavy option sellers can generally be found at nice round numbers, 5000 for example. It would be interesting to know the open interest of short calls on the OTC and futures markets.
Spread Betting on Indices, 26 Aug 2009
Off the highs again this morning, but still tentatively above the 4900 level gives encouragement for the bulls.
The lack of follow through in selling as dips emerge indicates that investors still have an appetite for equities.
It’s the partly nationalised banks that once again head up the FTSE 100’s leader board with RBS and Lloyds in amongst the main gainers. As the market continues higher there have started to be calls from some brokers for investors to take profits and also move into defensives.
Note that yesterday, JP Morgan changed their stance on the mining sector, going from overweight to neutral. This indicates that some sectors are looking to be a bit overbought and so you have to look harder for the stocks that are still likely to have steam left in them.
This is where the attraction of RBS and Lloyds comes who have been almost treading water compared to the likes of Barclays. Since the lows of March Barclays has rallied some 480% whereas RBS’s gain is only a mere 194% and Lloyds 260%. It’s no wonder that our spread betting clients hold more long positions in RBS than any other stock.
Energy stocks are suffering from a bout of profit taking as the fall out from Cairn’s results continues and Tullow Oil have seen a slump in H1 profit. As a result other oil stocks are being dragged lower. Mining stocks are mixed this morning after Antofagasta announced their drop in H1 income.
Despite a much better than expected consumer confidence figure and good housing data in the US yesterday, the Dow failed to hold onto substantial gains.
Today sees durable goods orders being released at 13h30 UK time and they are due to jump from -2.5% to 3.0%, followed by yet more housing data with new home sales being released at 15h00.
At the time of writing we are calling the Dow Jones to open 11 points higher at 9550, but the S&P 500 flat at 1028.
Spread Betting on Indices, 25 Aug 2009
A little profit taking is the order of the day. However things are a little better than our original calls for the market to open around 4855. The current 4870 really does not look too bad.
After the Dow was unable to hold onto gains last night, it retraced to just above the 9500 level and this is having the small negative impact on the FTSE 100’s direction.
In the last week the market has gained some 3% as it continues to defy the bears. Just when the market looked to have reached a top in the middle of August, it simply presented bulls with another buying opportunity. Since then we have surpassed the expectations of many a market participant.
This has been a case in point ever since this rally commenced at the beginning of March. Now that we are well beyond the near term resistance that was seen around 4780, the current area is where the market plummeted through back in October 2008 when the real fall out from the credit crisis occurred.
With such thin volumes behind the moves there is a concern that we are getting too far ahead of ourselves and that September might provide a reality check just as it did last year.
Historically, September is not a great month for equities and although it’s hard to pick a top and go against the current trend, the last month of Q3 could just provide an opportunity to bank some profits.
This morning’s profit taking is being led by the miners who benefited the most from the recent stock market rises and banks. Miners are under the cosh following a note from JP Morgan which basically says now is an opportunity for some profit taking.
For banks, the overriding concern is that there are contrasting views about what shape the recovery will take and what knock effect this will have for the stocks.
Since the sentiment has turned bullish for banks, with upgrades of Lloyds from the likes of Goldman Sachs, as well as others and a very optimistic outlook from them, a double dip recession will blow all these expectations out of the water.
Across the pond things are looking flat ahead of the US open and at the time of writing we are calling the Dow Jones to open flat at 9509 and the S&P 500 flat at 1025.5.
The main focus of the day on the economic data front is US consumer confidence due to be released at 15h00 UK time. Along with the equity markets confidence has turned a corner since March this year and in June even crossed above the 50.0 mark and today it is expected to post a modest rise from 46.6 to 47.9.
The rebound in housing activity in the US has provided a degree of optimism, however considering the mass destruction in wealth over the past two years, the consumer is unlikely to be the driving force of any economic recovery for quite some time.
With employment still falling, the pressure on consumers to cut back on many non-essential items is very much apparent. A worse than expected figure could lead to a continuation of yesterday’s and this morning’s profit taking.
Spread Betting on Indices, 24 Aug 2009
A very surprising opening this morning with the quote in the FTSE reaching 4945 overnight an almost unheard of 95 point opening rally on the close of Friday.
Since this quote the sellers have been taking the opportunity in, what stock is quoted out of hours, to take some profits. The call has slowly slipped back down to just north of 4900 as I write.
Even this seems a tad excessive on the limited news over the weekend but with yet another month almost over without some horrendous thing going wrong I suppose it is natural that more and more of the fence sitters are tempted, finally, to dip a toe into the water.
The rally since June has been notable for the limited volume that has driven the markets which is a product of many things:
- That it is summer and many investors are away.
- Many trading desks have had their limits cut due to board fears over a repeat of 2008 and a lack of capital to attribute to proprietary dealing units anyway.
- Possibly most importantly - the market makers seem to have become wary of taking any positions at all. As soon as buyers have emerged they have covered as quickly as possible. This is having the effect of virtually doubling the power of all activity. We may well see the same effect if a selling trend emerges on the way down.
Trading is very quiet in early action even though, as mentioned, the markets are called substantially changed from Friday’s close. It seems our spread betting clients will be waiting to see if the ‘calls’ actually become reality when the indices all open.
The big rallies in the Far East have been very impressive but this must be set against the fact that the fall out last week was rather greater than any reaction in Europe.
The FTSE is now back in the range of the chaos last Sept/Oct and as mentioned a week or so ago. There are limited resistance levels around here due to the speed with which the markets traversed this region back then. The temptation to go for the support from Last July at around 5075 is probably buoying the bulls at the moment.
Price update:
- The FTSE 100 closed last week up 136.9 points at 4850.9 (up 2.9% week-on-week)
- Wall St (Dow) closed last week up 184.56 points at 9505.96 (up 1.98% week-on-week)
- The Nasdaq 100 closed last week up 35.38 points at 2020.9 (up 1.78% week-on-week)
- The S&P 500 closed last week up 22.04 points at 1026.13 (up 2.2% week-on-week)
- The CAC 40 closed last week up 120.54 points at 3615.81 (up 3.45% week-on-week)
- The DAX 30 closed last week up 153.63 points at 5462.74 (up 2.89% week-on-week)
- The Nikkei 225 closed last week down -359.13 points at 10238.2 (down -3.39% week-on-week)
Also see:
Financial Spreads >>
"With FinancialSpreads.com you get all the normal
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Spread Betting on Indices, 21 Aug 2009
An early morning attempt to rattle markets has come to nothing early in the European session as the Far East reversed much of their sell off late in their trading day. At four o’clock this morning the Dow Futures were reflecting prices some 80 points off the from closing levels in the index but now this has almost been totally reversed and markets are back as we were.
Yesterday was one of those sessions to forget for the indices as, after recovering most of the previous few sessions losses, the FTSE lost its way and struggled to make any kind of headway either higher or lower.
The entire session could have been covered by a 40 point blanket which makes it one of the smallest full session daily ranges for several years. The fact that half the market was probably watching Flintoff and co duel with the Australians does not bode well for today’s activity levels or (if the game lasts that long) next Monday’s either.
Clients are naturally selling the current levels as they represent an obvious high resistance level between the current 4765 and the high last week at 4800. The numbers yesterday emphasise that future UK growth is going to be very tough if the Government is forced to seriously cut back on state expenditure. The big question here is the word ‘If’. Administrations of either hue seem to be unable to make the tough decisions that have to be made on a daily basis in the private sector.
In talking to our investors many see the likelihood for the FTSE over the coming years as being very restrained with no real appreciation or contraction to really go for. The hunt for reasonable return on investments seems to be uppermost in their minds.
Spread Betting on Indices, 20 Aug 2009
For those of you reading these comments, the support levels mentioned yesterday in the FTSE 100 and Currencies and the fears over the oil inventory numbers were all borne out by events.
The FTSE shifted to within 0.5 pip of the minor support at 4625 and is now quoted at just over 4700.
The FTSE has been stuck in a 4600 to 4800 range since the end of July and with the opening quote at around 4740 it is no surprise that sellers are creeping out of the woodwork looking for a fall back into the low 4700’s or 4600’s to confirm the range.
The Money Supply numbers due at 09.30 will come in for some close inspection as, for all of the billions being injected by the BoE, it appears that the rate of growth is slowing dramatically.
Recent numbers have been almost flat, last month’s M4 number was actually negative. For all of the speculation over the possible end to the recession it would be a tad difficult for growth to take off with Money Supply flat lining, or even worse, decreasing.
This might not be a particular problem for current equity levels but share prices do tend to have quite a bit of forward value attached. If the possibility of deflation/money supply contraction gains a foothold, the various global indices may well struggle to maintain the current forward momentum.
As mentioned the FTSE is looking to open higher this morning at around 4740, up some 45 points on the back of the late rally in the US and the rebound in Far Eastern market.
The Chinese indices managed a near 3% move higher last night after creating a technical bear market on Tuesday by completing a 20% fall in the last few months from the highs in June.
The Rio Tinto numbers, which were slightly worse than expected, do not seem to be impacting the enthusiasm just yet. Nevertheless, traders should bear in mind that, as we approach, and if we approach, the recent 4800 highs, investors will probably start to look for reasons to sell.
Spread Betting on Indices, 19 Aug 2009
The markets are generally looking a tad dodgy just now after the attempt to rally after Monday’s falls has petered out rather easily. For the FTSE 100, all eyes will be on the minor support just below 4625 which has held the bottom line for the last few weeks.
Clients continue to look for the ‘pull back’ to get involved but they need to be cautious that temporary weakness does not turn into another bear move. We are still only 150 points from the highs which is really only a blip on the Radar screen rather than a significant event.
With no major data out today there is a sense that we are waiting for some confirmation that either we are pulling out of the mire or that the weight of debt and poor confidence will drag us back in.
Spread Betting on Indices, 18 Aug 2009
A bad day at the office took markets heavily lower in the session yesterday. However, after the initial sell off in the morning in virtually every asset class, traders could find no follow through into the US trading session.
While the US markets closed close to their lows these were actually not much lower than the levels hit in the morning European session.
Is this the pull back that so many people have been waiting for? If so it seems almost too good to be true. Punters who were heavily short indices on Friday night were quick to take advantage of the dip in the morning session. They then reversed into longs by about nine o’clock and equity buyers outnumbered sellers by around 9 to 1 throughout the day.
In reality the fall has been extremely limited, not much more than a hiccup in the rally of the last month. Although, while markets will be called higher this morning, it would be a brave man who got too exuberant at this stage.
The FTSE 100 is being quoted to open at around 4670, up about 25 points. This indicates that optimism for the economy has not been dented too much by recent data.
The sell off in the Far East seemed a little too extreme on the limited information on the Japanese economy. The 0.9% Q2 growth data, while slightly worse than expected, should not have caused such a dramatic knee jerk reaction even if combined with worrying inflation (deflation) figures.
The pull back in the Far East on Monday has not been reversed this morning at all with most market treading water which makes the higher calls in the FTSE and other European markets slightly suspect.
Spread Betting on Indices, 17 Aug 2009
The markets are opening rather nastily to the downside this morning. At the moment our spread betting clients are looking for a return to the upside.
As has been mentioned a few times recently the markets seem to be all joined at the hip at the moment with virtually every asset class moving in alignment.
The Japanese growth number was disappointing and the Far East markets took this as an indication that profit taking was the way to go. The Chinese markets had the worst day since last October (ie worse than all the chaos in March) falling over 5% and the Nikkei fell 3.1% in the session.
Early trading activity in the FTSE 100 has taken us to the support at around 4625 from where we have bounced a couple of times in the last few weeks. Punters have seen this as a buying opportunity.
Investors have been sitting on the sidelines waiting for a pull back so that they can get involved and many seem to be seeing this reversal as just that moment.
Over the last few sessions there seems to be something of a return to volatility in the markets with moves and countermoves occurring every day. Dealers will be hopeful that the reaction to the Japan numbers is in the same mould as the Friday US response to the Michigan confidence figure.
The number came in considerably worse than expected. That precipitated a 200 point reversal in the Dow Jones only for a late, late rally to reduce the arrears to 50.
This morning the US market is actually lower than the lows of Friday which will annoy Wall Street considerably. As we have seen many times in the past, big moves in the US markets in the Asian and European sessions have a habit of being reversed.
Price update:
- The FTSE 100 closed last week down -17.6 points at 4714 (down -0.37% week-on-week)
- Wall St (Dow) closed last week down -48.67 points at 9321.4 (down -0.52% week-on-week)
- The Nasdaq 100 closed last week down -14.73 points at 1985.52 (down -0.74% week-on-week)
- The S&P 500 closed last week down -6.39 points at 1004.09 (down -0.63% week-on-week)
- The CAC 40 closed last week down -25.87 points at 3495.27 (down -0.73% week-on-week)
- The DAX 30 closed last week down -149.85 points at 5309.11 (down -2.75% week-on-week)
- The Nikkei 225 closed last week up 185.24 points at 10597.33 (up 1.78% week-on-week)
Also see:
Financial Spreads >>
"With FinancialSpreads.com you get all the normal
advantages of Spread Betting plus..." >> read
Financial Spreads review.
|
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 Betting August 2009' by DB, updated 28-Aug-09
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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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