Indices Spread Betting July 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, 17 July 2009
The bears were really looking like they were in control of proceedings just five trading sessions ago. Not many people would have thought that we would be on the back of the gains we have seen this week.
Ever since the market opened on Monday they just haven’t looked back whilst putting in some impressive performances.
Still there are bears out there and technical analysts claiming that this rally will be short lived before we head back to test July’s lows. And then beyond there March’s lows too.
For all the talk of the “head and shoulders” pattern which even I could see had formed in the Dow and S&P, the follow through from the bears has not materialised.
Without wanting to give a lesson in technical analysis today, a head and shoulders pattern, if it forms at the top of an uptrend, as it did through May and June, is meant to signal the end of that trend and lower prices.
I think this time round there was so much chatter about the formation that it was almost too good to be true for the bears and the markets have reacted in exactly the way one would expect – the opposite direction to the vast majority of expectations.
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 claims of the major respected names on Wall Street that the worst is over, the underlying fundamentals are that jobs are going and the consumer is still feeling the pinch.
Will the market moves in the coming days play out like the English cricket team ie just when you think you are onto a winner, things come crashing down around a middle order collapse? Time will tell, but my guess is it will be sideways for the remainder of the summer.
The FTSE has made another positive start to trading today with rather an eclectic leader board as no specific sector is driving the market higher.
Last night we were calling the FTSE to open above the 4400 level, so our Financial Spreads accounts will be glad to see that it is, currently, not as high as that.
There were a few buyers this morning but they seem to have cut their positions early. Overall there are more bears and they continue to sell into the strength.
Spread Betting on Indices, 16 July 2009
At the start of the week we were hammering at the support levels in just about every market. Now we are looking at the top of the current range in the:
- Dow Jones - resistance at 8610 where we stopped last night, and
- S&P 500 - resistance at around 939/941 where we recorded a series of market neutral opens and closes back at the start of June
As mentioned a few days ago we seem to have gotten into a market psychology where a few bits of good news are moving the market higher followed by a few bits of bad news doing the opposite.
Traders have come in selling this morning as the markets have drifted from the highs of last night and there seems to be a feeling of ‘lets pause for breath’ and see what happens next before we get involved too heavily once more.
Our equity spread betting clients who have been very long of stocks for several weeks now are breathing a sigh of relief at the reversal in fortunes. With the FTSE down at 4100 things were looking a tad grim.
Despite the recent strength so far this week, there are still lots of technical analysts calling for the market to head lower.
The S&P has broken above its upper downward trend line, but many feel this could prove to be a false break out. On current momentum the FTSE could conceivably get back up to 4500 and test the resistance set in from May and June, but a push beyond there would be challenging.
If the market continues in this fashion it is hard to see clients changing their bearish stance. Recently they have been opposing every move higher or lower, which has proved a good strategy to employ in these current range-bound trading days that we are experiencing.
All-in-all the markets are flat so far today. Perhaps it is only fair they take a respite after the gains we have seen since Monday. The FTSE is up 5.5%, Dax up 8.8% and S&P 5.4%. No wonder we are pausing for breath.
Spread Betting on Indices, 15 July 2009
This morning sees the US markets trading well above yesterdays close with the Dow Jones being called another 65 points up and the S&P 500 up 80 points.
The FTSE is being dragged along with the flow and the quote as I write is at 4273 up another 35 from yesterday’s close.
While the bounce from the lows is very encouraging it must be admitted that we are still under some serious resistance at between 4285 and 4300 and our spread betting clients are now selling as enthusiastically as they were buying a few days ago.
It appears that we might be stuck in the same trading range as before only this time we start from the top rather than the bottom as on Monday.
Spread Betting on Indices, 14 July 2009
My tongue in cheek recommendation to buy the markets yesterday in reaction to the less than aggressive attempt to sell it off came good in spades and our spread betting clients partook of one of their best ever trading days. Topped off by selling out at the highs in pre market activity this morning and going short into the weaker than expected open.
Sometimes being the bookie means the favourite wins every race.
Markets are now looking quite comfortable and are now back into the May/June trading ranges and Tim Geithner’s volte face on the economy in comments yesterday (pretty much contradicting his statements over the weekend) must be taken as a good reason for some of the rally.
Overall though there is the underlying fear from fund managers that they will miss the ‘next big one’, having mostly failed to get in on the bounce from the March lows.
The steady stream of buyers that I mentioned from our spread trading clients yesterday (and, to be fair, in the previous week as well) obviously found matching sympathy with the professionals.
With the FTSE now at 4200 the support level mentioned at 4125 is a long way away. Not so much in point terms as in sentiment. Yesterdays lows, printed in the first few minutes of activity, were never even remotely attempted through the rest of the session and the buying continued throughout the day. It is this reaction to any attempted break out that the most compelling.
Over the last few months we have seen many moves to try to take us higher (above 4500) and lower (below 4200/4100) all have ultimately failed although most looked to be succeeding at the time. Clients who have stuck to their guns and traded the range have once again been proved right.
Spread Betting on Indices, 13 July 2009
Back on support we go as the Far East declines in the face of deteriorating economic numbers. In part, the decline is a response to weekend comments as the situation in the US was described, by the Treasury Secretary Tim Geithner, as still facing enormous challenges.
The FTSE has held above 4120/25 repeatedly over the last few sessions but this time we have managed to open below the mark. One hates to sound too pessimistic but if the support level is not regained by the close of business today this may well open the way for a return to the dark days of March and last October.
For all of the confidence shouted by the IMF and OECD and conversely the negativity espoused by the big Media Moguls last week there is a sense that one is too far from the problem and the other too close for either to get a real handle on events.
But you do have to say that the Media boys do just about shave it for me as they can measure the problem from the coal face in the form of dipping revenues and falling charge rates.
The FTSE is currently hovering around the 4100 level with ‘bottom pickers’ buying everything in sight on our spread betting platform.
It would be wise, as we have stated many times over the last month or so, to be wary of any bounce back. However we find ourselves right on the major support/resistance level from earlier in the year it must be said that the idea of taking a long with a quick stop loss below 4080 has occurred to even this commentator.
Price update:
- The FTSE 100 closed last week down -109.1 points at 4127.2 (down -2.58%)
- Wall St (Dow) closed last week down -134.22 points at 8146.52 (down -1.62%)
- The Nasdaq 100 closed last week down -40.49 points at 1756.03 (down -2.25%)
- The S&P 500 closed last week down -17.29 points at 879.13 (down -1.93%)
- The DAX 30 closed last week down -131.9 points at 4576.31 (down -2.8%)
- The Nikkei 225 closed last week down -528.79 points at 9287.28 (down -5.39%)
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, 10 July 2009
Weakness across much of the landscape continues to dominate thinking in the markets as we approach the end of the week.
While the lows have held steady in every session so far the problem is that this is not turning into a bounce back. Whilst we have had the odd move to the upside they have all been weak and easily defeated. This leaves an attack on support rather easier to attempt than many would like.
The FTSE 100 has spent the entire week below 4250 and, apart from one short attempt on Tuesday morning, it has been below the crucial 4210 support for the whole period as well. Traders seem loath to force us below 4125 but with the current price at 4145 there is little fat to play with here.
Spread Betting on Indices, 9 July 2009
We survive to fight another day as the US markets managed a late turnaround to bring the Dow above the waterline right at the death.
While the markets all managed to pull away from the tailspin that looked to be developing half way through the US session it must be recognised that most of the major western indices have now slipped below support.
Failure to regain the previous trading ranges in the next few days will weigh heavily on sentiment. On the other hand there is obviously a good chance that buyers will hold markets at these levels.
For those who follow candlestick charts, the rather nice Hammer in both the Dow and S&P might be an indication of a bullish signal in a bear market.
The FTSE closed at its lowest level for two months and we are now at the top of the trading range in place for much of April.
There are two conflicting views at this point. Both premised on the fact that so far in 2009 the FTSE has shown remarkable stability for long periods interspersed by sudden moves into new territory.
If we are now approaching the end of one of those sudden moves then we can speculate that we are either at the bottom of a 4150ish to 4350 range or the top of the old 3900 to 4150 range from April (roughly).
With the US looking ‘OK’ this morning the former possibility looks to have the greater chance but we are right on the cusp with the FTSE spread currently quoted at 4151-4152.
Our spread betting account clients continue to buy into weakness (as mentioned yesterday) so we can see that the majority view is bullish. However I must say that it is starting to get slightly worrying that the general slow drift lower is not running into stiffer resistance.
Spread Betting on Indices, 8 July 2009
And so we stagger lower without any real emphasis on a return to a bear market.
The FTSE is now trading below 4200 on this mornings open at around 4170 but there does not appear to be any sense of rising panic amongst investors, on the contrary our spread betting clients are continuing to buy any weakness in anticipation of a potential rebound from the current fragility.
As mentioned in previous comments clients seem to be interested in the individual component parts of the FTSE whilst at the same time being ambivalent over the actual overall index itself. Clients are net long to the tune of ten to one longs over shorts. The median level for the period from 2004 to date is around six to one, this indicates quite a heavy predisposition to the long side.
With investors seeming to be rather less worried than the markets, that would indicate that the likelihood, at this moment, that a dramatic sell off seems lower than could be expected.
There is a reasonable chance of a move into the 4000’s but this is only 100 pips below current levels and, in reality, only matches the probability of renewed strength to push us back above 4200 and 4300.
The big investors are still seeming to be sanguine about the current situation and the major portfolio selloffs of last year, and earlier this, do not appear to have a strong prospect for a repeat appearance.
This said the performance yesterday was disappointing after the FTSE 100 regained the 4240 level in the morning European session only to be sold off during the afternoon US trading period.
The Dow Jones and S&P 500, having reversed the Euro sell off of Monday morning, spent the entire day on the back foot with only one, weak, attempt to rebound during the whole session.
The bright spot for the FTSE is that the size of the fall in the US has not been reflected in the UK index with the low prints of both Monday, Tuesday and this morning showing solid buying at around 4160.
The S&P is still struggling to regain the Monday levels and there does appear to be some resistance at 886 to a move higher. Financial Spread accounts are looking to sell at current levels (884.5) with close stops above (887).
Spread Betting on Indices, 7 July 2009
A very boring day in the end but the bulls can at least say that the markets held firm. As discussed in yesterday’s comment all the markets were sitting on support and while there was an early attempt in the European session to break through in virtually every index there was no follow through Stateside.
As mentioned in the same comment the US really hates being dictated to by early European market direction. Almost from the off the buying began over the pond.
Aside from a brief fall on the 15.00 data the buying continued to trickle through all day until the 100 point fall recorded in the morning had been completely erased. We are now in the same situation as the close on Friday with traders wondering whether the support at 8250 and below has been tested enough or if the general feeling of doom will continue to erode market sentiment.
The savings ratios across Europe, the UK and the US continue to strengthen to levels not seen in years. It is this that is, I believe, a truer indication of general unease than the tenuous ‘green shoots’ being touted by the shell shocked manufacturing and service sectors.
This morning we are calling the FTSE 100 to open at around 4210 up about 15 from yesterday’s close but 20 off from the post market close at 21.00. The battle around the 4200 level is proving as bitter as the one around 4300 in May and early June.
The rally from the lows in March was a reaction to an oversold situation both in equities and in sentiment but this does not mean that we cannot get back down there again. I do not believe that it is likely but just because markets are currently looking cheap does not mean that they cannot get cheaper still.
This having been said we are still in the 4200 to 4325 (roughly) trading range and buyers can be expected to come in on any weakness in the anticipation that this state of affairs will continue. The market bounced from the low 4300’s five or six times before breaking lower and failed the same number of times up at around 4500-4520. The same can be said for 4200 and 4300 at the moment, a similar effect but in a tighter trading range.
It would not be surprising, if we fail to break lower again today, to see stronger buying emerge to drive us back up to the top of the range (around 4300) once more. Sentiment is weak but not so bad as to be overly pessimistic.
Spread Betting on Indices, 6 July 2009
It’s a bit awkward this morning as we start the week off right on (or around) the major support levels in the FTSE 100, Dow Jones, S&P 500 and DAX 30 (4200, 8250, 890, and 4650 respectively).
As we have not actually decisively broken through on any of these levels (yet). Financial Spread clients are getting in on the support in huge numbers and are buying anything in sight. This is the first time in a while that every major index is in the same position. While I can understand the attraction to try to get in on yet another bounce from support I fear that this might be one to dodge.
The news starting to drift out of the cracks is not as hopeful as some might be saying. With so many economists all grasping hold of the tendrils of growth so as to be able to say (in a years time) that they were in at the start, we must continue to be cautious of getting too ahead of ourselves.
Early European action is almost certain to have a pop at the support but it will be the reaction of the US at around 13.30 this afternoon that will be the most critical.
The Dow is being called almost 70 points off at the moment but it must be remembered that the States really, really, hates the European session dictating events.
Time and again we have seen what appears to be a decisive move in the Euro session only for it to be reversed Stateside, even if only temporarily to get the market back to the closing levels in the US the night before.
Price update:
- The FTSE 100 closed last week down -4.7 points at 4236.3 (down -0.11%)
- Wall St (Dow) closed last week down -157.65 points at 8280.74 (down -1.87%)
- The Nasdaq 100 closed last week down -41.7 points at 1796.52 (down -2.27%)
- The S&P 500 closed last week down -22.48 points at 896.42 (down -2.45%)
- The DAX 30 closed last week down -68.26 points at 4708.21 (down -1.43%)
- The Nikkei 225 closed last week down -61.32 points at 9816.07 (down -0.62%)
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 July 2009' by DB, updated 17-Jul-09
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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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