Indices Spread Trading 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, 31 July 2009
US markets couldn’t quite hold onto gains last night, so a little profit taking is creeping in ahead of the key US GDP numbers later today.
Spread betting clients will be happy to see the lower start this morning as they remain firmly in the bear camp and after such a good run higher to above the 4600 level now, it’s hard to see further justification for buying if we don’t see some sort of a pull back first.
When you look at the candlestick chart of the FTSE, we are at levels that formed highs in 2008 when the market tried to recover from the massive fallout in Q4. Sellers must be of the belief that those highs will prove too much for the index once again.
Spread Betting on Indices, 30 July 2009
The earnings picture continues to look rosier and European stock markets are ahead again.
Yesterday’s bounce off support and the strength this morning is encouraging for the bulls and markets have held up well in the face of poor economic data from the US and on top of this a weak Beige Book last night.
However, our spread betting account clients continue to sell into the strength, adamant that this rally will come to an end soon.
Clients must be hoping for a dire GDP number from the US tomorrow, but before then there’s the weekly US jobless numbers released at 13h30 UK time. This has proved to be quite a market mover recently as investors are focusing more and more on the jobs situation.
Initial claims are expected to rise from 554k to 575k, but the continuing claims number is also important, which is due to rise from 6225k to 6300k. A poor number could lead to some profit taking, but it will have to be pretty terrible considering the expectations are for some bad figures.
Reams of companies across Europe have beaten expectations this morning with Alcatel-Lucent, Siemens, Telefonica, France Telecom and our very own BT to name but a few.
The telecoms sector, usually considered to be a defensive play, has really caught the eye of investors today after BT’s numbers. Their aggressive job cuts and cost cutting program (sorry, I meant “restructuring”) seems to be really paying off and on top of this their revenues beat market expectations which is why the stock is up some 10% and on very heavy volume too.
The earnings season so far has been better than expected, but the majority of strong numbers have been due to the aggressive nature of companies cost cutting. In order for there to be a sustainable recovery in corporate earnings we need to see revenues rising too. At least that is what BT has achieved today and we need to see more of the same.
Spread Betting on Indices, 29 July 2009
This morning we have just seen some UK money supply, mortgage approvals and net lending data released, which has revealed a surprise jump in mortgage approvals, hitting a fourteen month high.
With US markets recovering from their lows last night the FTSE 100 is in a slightly more positive mood this morning.
Early calls were for a decline as we saw the market opening around the 4520 level at one point, but we’ve bounce a little to around 4550.
The 4520 mark is expected to offer support for the index ever since we breached it last Thursday. As the theory goes that past resistance, once broken, becomes an area of support and certainly that seems to be the case so far today.
So if we don’t trade below the 4500-4520 area, then a test of yesterday’s high at some point cannot be discounted.
From a medium term aspect, when the FTSE rallied to breakout through the 4500 level that was a significant move higher. The same can be said for other global indices which have marked higher highs.
This is considered a very bullish signal for the markets and most of the technical indications point to higher prices ahead of us, but this does not mean the profit taking won’t continue and we are all too familiar with these technical indicators providing false signals.
You have only got to look back a few weeks when hundreds of technical gurus were calling for lower prices after the Dow Jones and S&P 500 had formed a head and shoulders, but the expected falls never materialised.
Our spread betting accounts on the other hand are still firm in the belief that this rally won’t last and they remain sellers, so yesterday’s move lower was good for them.
Whilst the broader market is higher in early trade miners continue to suffer from profit taking. Metal prices have been coming under some pressure recently and oil is off its highs, so the big beneficiaries of the run higher are feeling the brunt of the selling for now.
Spread Betting on Indices, 28 July 2009
The market’s relentless march continues higher this morning assisted by a last minute recovery in US markets last night. Although at one point the US threatened to end the incredible run we have seen recently.
US data assisted the move higher after new home sales recorded their largest monthly rise in eight years.
At the time of writing we are above the 4600 level, up some 20 points. As has been widely reported yesterday and today, if we end the session higher the FTSE would have recorded its longest run of consecutive gains ever since the index was established in 1984.
Despite the records and the relentless rally spread betting clients continue to sell into the strength. There was a brief moment last night when we saw a few buyers creep in, but the higher the FTSE goes, the more investors expect a sharp pull back. The bearish clients are out numbering the bulls at the moment.
The adage “the trend is your friend” is certainly not being adhered to by clients at the moment.
While we wait in anticipation to see if the FTSE has enough momentum to break its record, today’s major piece of economic data is comes in the form of US consumer confidence figures.
With the housing data looking like it has turned the corner in the US and stock prices remaining on the rise, it wouldn’t come as much of a surprise to see the number come in higher than expected, particularly since the consensus is that it is expected to decline just slightly from 49.3 to 49.0.
Certainly in Europe we are seeing a much more upbeat consumer as yesterday saw German consumer confidence numbers rise for the third month in a row.
Indications that the consumer is starting to come back out of its shell are encouraging and will certainly go some way to help assist with a recovery, however if consumers read too much into the green shoot argument then their confidence could act as a catalyst to inflation which, along with rising unemployment, is the biggest concern for all of us in six months to a year from now.
Spread Betting on Indices, 27 July 2009
So, the equity markets continue their march higher and the FTSE 100 is on the cusp of matching its record of eleven straight gains in a row.
The market is finding early trading a bit of a struggle and earlier this morning we were calling the FTSE to open well above the 4600 mark, as high as 4645 at one point.
We are in positive territory for now, but only just and despite the hype around the possibility of the FTSE’s eleven up days in a row being beaten, the temptation to take profits after +10% gains might be too much.
Maybe the GDP number last Friday is beginning to dawn on investors that the worst is not ever just yet.
Economic data is relatively thin on the ground this week with a few bits of housing data from the UK and US. One of the highlights will be US consumer confidence out tomorrow.
So far this morning, the Hometrack housing survey has shown house prices stayed flat on a monthly basis in July and the year-on-year figure improved from a decline of -8.7% to -7.7%.
Captain Darling is once again attempting to ask the banks to pass these lower rates onto us. However since their recapitalisation, the banks have to hold back so much more cash that on the one hand they are increasing lending according to the BBA and on the other they have less to lend.
Ironically, the banking stocks are higher this morning and helping us just to stay in the black.
Price update:
- The FTSE 100 closed last week up 187.9 points at 4576.6 (up 4.28% week-on-week)
- Wall St (Dow) closed last week up 345.45 points at 9089.39 (up 3.95% week-on-week)
- The Nasdaq 100 closed last week up 79.35 points at 1965.96 (up 4.21% week-on-week)
- The S&P 500 closed last week up 38.5 points at 978.88 (up 4.09% week-on-week)
- The CAC 40 closed last week up 147.99 points at 3366.45 (up 4.6% week-on-week)
- The DAX 30 closed last week up 250.96 points at 5229.36 (up 5.04% week-on-week)
- The Nikkei 225 closed last week up 549.23 points at 9944.55 (up 5.85% week-on-week)
Also see:
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Spread Betting on Indices, 24 July 2009
Despite the US markets posting good gains, the session was relatively quiet since we stormed to the highs of the day early on and then just sat there for the next two and a half hours until the close.
The FTSE 100 is on the front foot once again, but teased us earlier this morning as it drifted in and out of gains. Surely there are enough buyers out there to make it 10 gains in a row.
Very early calls were for the market to decline on the open, which it did but shortly after 8am we have seen those bulls tentatively push us back into positive territory. So far the gains have been assisted by a better than expected release of German business confidence numbers.
No prizes for guessing that the focal point of today is the UK GDP numbers. With a contraction of just -0.3% expected for this last quarter, it’s another fall, but a world away from the -2.4% decline in the first quarter of the year. The figure has to be taken with a small dose of caution since it is just the preliminary release of the number.
As I have been writing UK GDP has come in worse than expected with a decline of -0.8%. The market has taken this decline in its stride and still sits just below the 4600 level.
There maybe a delayed reaction from investors, as is often the case, and it will be interesting to see how the data is absorbed over the course of the day and whether we can hold onto these gains.
As mentioned, this is a preliminary reading and subject to revisions so often the equity market can have a muted reaction to it.
The most significant thing about the move higher yesterday was the market’s ability to break through the resistance at around 4500 to 4520. The level should now theoretically provide us with some support should be retrace there.
While other markets make good ground and are now in positive territory for the year, the FTSE is still only just up on the year and lagging despite its recent gains. Since last Monday the FTSE has rallied 10%, but the Dow is up 11%, the Nasdaq 100 is 12% better off and the DAX 30 has put on an amazing 15%.
The economic data releases yesterday really did stir investors into action and just as I was commenting towards the end of last week and the beginning of this one, it seems that the rush to get into stocks is well and truly on as many fear they’re going to miss out on the next big move higher.
Spread Betting on Indices, 23 July 2009
Once again we are calling the FTSE 100 to open higher, by some 12 points, and we should see the 4500 level breached in early trade.
Spread bettors continue to sell into this strength in the hope that the resistance, that has proved so difficult to breach, will once again hold firm. 4520 is a key area, so we will see today just how the market reacts to this area.
It won’t come as any surprise if we see a sell off in early action, but it has to be said that the recent gains have taken many by surprise and the momentum looks to be firmly in the bulls favour.
Milestones are being achieved by the market at the moment with eight sessions of advances in a row and the FTSE not far off beating its all time record of eleven. If today is another gain then we would need only a further three up days on the trot to record a new record for the index.
Whilst its all well and good having these facts and figures about the market’s previous record moves, the impressive fact this time round is that we added over 8%. The last time we saw eleven up days one after the other was in 1997 and again 2003/4. The market only advanced a paltry 4% on those occasions.
The current gains are significant. Whilst our spread betting account clients continue to resist the trend by betting against the momentum it often pays to accept that the “trend is your friend”.
Spread Betting on Indices, 22 July 2009
The markets cannot carry on gaining every day and surprise, surprise the FTSE’s stalled around the 4500 level.
Our spread betting account holders will be delighted to see this move as they have been selling into the strength under the premise that “what goes up must come down”.
This morning’s weakness comes as a little surprise after further strength on Wall Street, in Asia and good figures from Apple after the market closed.
US futures are also under pressure this morning and at the time of writing we are calling the Dow Jones to open 50 points lower at 8865 and the S&P down 5 points at 949.6.
The FTSE this morning is sitting on its lows finding a little support around the 4450 level for the time being.
Miners are the biggest drag on the index and there are few in the black, with defensives making modest gains. Morgan Stanley have added to the pressure on equities by saying that the risks to growth may have decreased, but not completely disappeared, so this recent rally has presented a selling opportunity.
Earnings on the whole have been better than expected, but you have to remember that they were markedly revised downwards for this quarter.
Spread Betting on Indices, 21 July 2009
The FTSE 100's march higher continues this morning assisted by a good move higher in the US markets once again last night.
Today is now the seventh day in a row that the FTSE has risen, if we close higher on the day. A feat not achieved for four years.
Our spread betting accounts continue to go against the flow of the markets selling into the strength and taking quick profits on any dips, of which there have been few in the last seven days.
With the S&P 500 closing at 951 last night, near term resistance levels have been breached and the next major test will be 960.
The transformation from bearish to bullish indications over the last few days has been astonishing. For the moment a few indicators show that we might be a little overbought right now. This does not mean to say that we won't go any higher, as over bought indications can remain in place for a good length of time.
The leader on the FTSE board is Morrison after announcing that their earnings will beat forecasts. That's helped lift Sainsbury and Tesco, so it's good to see a few different stocks lift the index higher rather than the usual miners or banks.
Spread Betting on Indices, 20 July 2009
This morning we’re bravely back above the 4400 level as the markets continue to romp ahead regardless.
Mining stocks are once again leading the way, with some assistance from banks and the market continues to look stronger and stronger.
Last week’s moves caught many investors on the hop as the technical indicators continued to look bearish and there are still calls of a return to the lows.
The recent gains are enough to turn any bear into a bull. As weak shorts are stopped out momentum could send us back to the resistance levels around 4520 where the market failed so many times throughout May and June.
The move this morning seems to be largely on the back of momentum rather than any specific corporate news although the headlines are full of mixed stories that are said to be driving us higher.
US futures are upbeat after CIT is bailed out and the UK’s Lloyds are reported to be on the brink of posting a profit for its first half due to what can only be described as convoluted accounting rules. It rather smacks of “pulling the wool”. However, this morning, investors are happy to pile into Lloyds Group after the news flow of recent has been in their favour, starting with Goldman Sachs recommending that investors buy the stock a couple of weeks ago.
Price update:
- The FTSE 100 closed last week up 261.6 points at 4388.8 (up 6.34%)
- Wall St (Dow) closed last week up 597.42 points at 8743.94 (up 7.33%)
- The Nasdaq 100 closed last week up 130.58 points at 1886.61 (up 7.44%)
- The S&P 500 closed last week up 61.25 points at 940.38 (up 6.97%)
- The DAX 30 closed last week up 402.09 points at 4978.4 (up 8.79%)
- The Nikkei 225 closed last week up 108.04 points at 9395.32 (up 1.16%)
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 Trading July 2009' by DB, updated 31-Jul-09
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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
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Indices Spread Bets June 2010, updated 02-Jul-10
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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
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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
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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.
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Indices Spread Betting March 2010, updated 12-Mar-10
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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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