Indices Spread Trading October 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, 23 Oct 2009
Markets are all back to where they were before Tuesday’s late sell off and it must be said that, at the moment, everything feels very comfortable at these levels.
The FTSE 100 is being called at 5250 up 40 points - where we closed the evening session yesterday.
The bulls will be eyeing the 5300 level and the bears will be wondering a) what went wrong and b) whether the highs of the last seven sessions from where we are now, up to 5300, will hold firm.
Oddly enough the indices markets seem to be following the fortunes of the Dollar at the moment - on a micro analysis. Any weakness in the Greenback seems to be causing rallies in the Dow, Dax etc and any strength is causing falls. The same phenomenon is showing through in Oil and Gold, although that is less of a surprise.
We are in the situation once again where every asset class is acting in parallel, all very nice in a bull phase but a tad worrying if things start to get a bit smelly.
As mentioned the FTSE has quite a bit of resistance above 5250 with investors quick to reject these higher levels but also unwilling to sell below 5165. Our Financial Spread clients were confident enough to buy into yesterday’s early weakness. The medium trend line support at 5160 (see yesterday’s comment) held steady and brought in further buying.
Since we broke and closed above 5200 on 14 October there has been no real follow through and that is in spite of the corporate news. Since the reporting season got under way, the new reports have been well above expectations. Each piece of good news has given rise to a spike higher but the optimism seems to dry up in subsequent sessions.
Spread Betting on Indices, 22 Oct 2009
Yesterday was one of those days that makes the bookie tear his hair out as our spread betting clients bought into the early weakness in the indices and watched the sudden move higher - for no reason at all. Client then took profits and went short and then saw a sudden shift lower - again for no reason that we could see. Naturally they made a bunch of cash on the way down as well.
This morning sees the FTSE 100 down below 5200 again but we have been here before and our clients do not seem too concerned at the moment. There appears to be solid support around 5165 the mark which we hit it last night and early this morning. Account holders have been buying in a steady stream.
5160 is also the support from the medium term trend line going back to July. So, while there appears to be some confidence, it would be advisable for some caution if the level comes under pressure.
The Dow Jones (aka Wall St in spread betting) has also given up the 10,000 level - which is a pity because it is a nice round number. However we are still within striking distance of the 10,000 mark so it would be surprising if there was any panic just yet.
In all this it must be admitted that, while equities remain attractive versus everything else, we have not had a serious pull back for quite some time. The fall through June and early July comes to mind but even this did not seem particularly violent at the time.
If the sellers get some steam up there is quite a bit of room to the downside, 4950 and 4800 come to mind in the FTSE.
Spread Betting on Indices, 21 Oct 2009
Sideways movement in the end yesterday in most markets as everyone pauses for breath.
News that the middle east sovereign funds were dumping a sizeable tranche of their Barclays stock for a nice chunk of profit hit the Banks stock. However the temptation to think in terms of clearing the way for a Sainsbury bid got the ‘leaping to conclusions’ traders jumping up and down in excitement.
Barclays ended the day down about 16p and Sainsbury up 18p so there was at least a bit of symmetry involved.
All the Indices are being called ‘unchanged / slightly higher’ in pre-market action. It is tempting to say that the late sell off yesterday afternoon and evening as been easily defeated.
Growth is strong enough to support dividend numbers but not enough to warrant inflation fears or aggressive interest rate hikes. Almost perfect for equity holders.
On top of this there are still vast sums sitting on the sidelines, where they have been for much of the year, looking for a place to go. In this scenario of a slow steady drip feed of funds into the markets rather than a huge, one off, splurge, the ‘top’ is proving to be rather more elusive than many would have expected.
The FTSE 100 is quoted at 5250 in early markets up 5 points and dealers will be eying the 5300 level as a resistance point. This level proved supportive in January 2008 and, to a certain extent, through July to the break down in September 2008.
Yesterday we peaked at 5298 and quickly backed up. Our Financial Spread clients seem quite confident of another ‘test’ of the resistance. They have been buying into the weakness. The rally from July shows no signs of flagging even if it seems too good to be true.
The DAX 30 has printed the same highs yesterday and last Friday at around 5887. Both times we had an immediate negative reaction with 160 and 100 point falls.
Prices this morning at 5840 may be tempting traders into another ‘test’ of the resistance. If it breaks there may be some solid stops going off around the 5900 region which could cause a spike. On the other hand, if we get near to 5880 and above, we will have to get past the sellers who will be piling up hoping for a repeat performance of the last two attempts.
Spread Betting on Indices, 20 Oct 2009
Markets now appear to have gone into hyper drive with Apple’s results apparently catapulting the stock to it all time highs in after hours activity on the US exchanges.
...and, as an aside, it has taken just about everything else along with it including the DAX 30, Nikkei 225, Oil and Gold.
The reporting season is now underway but today sees a whole swathe of US numbers both prior to and after the trading session.
Traders will have to decide whether things can get much better as we have surged quite some way on just a small sample of data. It must be pointed out that even in good reporting periods we do get a few flies in the ointment as Citigroup and BoA showed this last week. Caution will probably be the watchword for many for the rest of the week.
As mentioned in yesterday’s comment quiet reporting days will generally move in the direction of the trend and the subsequent activity bore this out dramatically with virtually every asset class surging away after a quiet start.
The important data out today is the M4 money supply from the UK and this is one of the releases that is worrying this particular commentator. Even with the huge QE from the BoE the M4 number for the last 6 months has been pitiful, showing growth of around 1.5%.
The Y-o-Y number still shows growth of some 12% but this is mainly due to the huge numbers towards the end of last year. Boring as it might be to mention it but we are unlikely to get much in the way of solid growth if the supply of money, in all its various guises, is stuck at around 2-3% for the year.
While the M4 would probably not impact the FTSE 100 much (the vast majority of its revenue is global) it might have a serious effect on government finances in the shape of reducing tax revenues - as a percentage of total activity.
Over in the US we will also get the PPI numbers which are expected to show a small fall after the surprising 1.7% hike last month. Y-o-Y numbers are at -4.3% which is quite something considering the weakness of the dollar - versus everything apart from the pound.
It has been helped over the last twelve months by the falling cost of energy but this is now going in the opposite direction and there will be fears that margins might get squeezed later this year.
Spread Betting on Indices, 19 Oct 2009
It is difficult to call the markets this morning, everything is very much unchanged on the Friday close outs and dealers seem to be in two minds as to future prospects.
While the headlines last week were all about ‘new highs’ etc, etc it must be pointed out that in very early action the FTSE 100 and DAX 30 are now back below the intraday highs of mid-September. The US’s Dow and S&P are still above the mark but not particularly convincingly.
The major bright spot at current levels is that corporate profitability has proved to be much better than expected , aside from CitiGroup and BoA. With rates likely to stay low, at least lower than in my lifetime, returns from equities continue to look very attractive in comparison to other asset classes.
There are virtually no numbers due out today either side of the water which means that any impulse on the trading sessions will be sentiment driven rather than factual.
It has to be pointed out that, in general, days with little information follow the current trend and I do not need to point out which direction that is.
Apple do report but this is only after the close tonight so we might get a bit of a boost/bash after 21.30.
Tomorrow sees quite a bit of reasonably informative data with UK money supply numbers, one of the bits of information that we are worried about. Also, both the US and German PPI data are released. These will go hand in hand with an enormous number of big US corporate releases. So we might have to wait 24 hours for any real excitement.
Price update:
- The FTSE 100 closed last week up 28.4 points at 5190.2 (up 0.55% week-on-week)
- Wall St (Dow) closed last week up 130.97 points at 9995.91 (up 1.33% week-on-week)
- The Nasdaq 100 closed last week up 17.52 points at 2156.8 (up 0.82% week-on-week)
- The S&P 500 closed last week up 16.19 points at 1087.68 (up 1.51% week-on-week)
- The CAC 40 closed last week up 27.99 points at 3827.6 (up 0.74% week-on-week)
- The DAX 30 closed last week up 31.51 points at 5743.39 (up 0.55% week-on-week)
- The Nikkei 225 closed last week up 241.17 points at 10257.56 (up 2.41% week-on-week)
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, 16 Oct 2009
We have already seen a little profit taking this morning. After the market opened with an initial rally of 50 odd points, but at the time of writing, the market rejected the highs and we are back around 5255.
Despite mildly disappointing bottom line figures from Goldman and Citigroup yesterday this did not perturb investors who rushed to buy US stocks driving Wall Street higher in the last hour of trading.
The rally was commodity led and this morning the gainers are the usual suspects such as miners and energy companies however the ground they are making is modest.
Equity markets are pausing for breath and whilst the trend is unquestionably up, some investors are treading with caution.
The FTSE is still a little tentative just below the 5300 level after its strong bounce off the 5000 level and it feels like investors have gone home for an early weekend.
There is little in the way of economic data with nothing out from the UK and eurozone and a little bit from the US in the form of Industrial Production and Michigan Confidence figures.
Spread Betting on Indices, 15 Oct 2009
Comments in the press that we might be entering an ‘official’ bull market seem a little off the mark. An official bear market is considered to be a 20% drop. The FTSE has now rallied over 50% from the March lows, if that is not a ‘bull’ market then it is difficult to say what is.
This morning we are calling the FTSE 100 at 5265 about 10 up on the 16.30 close which counts as almost unchanged these days.
Our spread betting accounts are still selling at any prices above 5200 and were caught the wrong way round in yesterdays morning move.
Overnight we saw the US markets move to even higher levels but there has been a certain amount of selling in the early hours and, with no big corporate news after the US markets close, we may be in for a quieter time on the off.
There is quite solid resistance just above the current prices at around 5300 and above here there is massive volume resistance all the way up to 5650. If we can get into this range then there will be a good argument for staying there for a while. If we hover just below it for too long then the odds may well favour a return to the depths from which we came.
Spread Betting on Indices, 14 Oct 2009
One day up, the next day down.
We continue to hover around the highs of the recent rally and once again a dip has offered buyers yet another opportunity to pick up stock.
It almost seems that the market is going to rise no matter what happens with the earnings, bar the odd slip lower at some point.
The S&P 500 has now surpassed the 1070 and its September high, the DAX 30 has done the same and the FTSE 100 is not far behind. Our call for the FTSE was for it to have a strong open, up some 50 points. However this turned out to be a little pessimistic as the index opened up some 60 points.
Today sees the major US banking giants start to report Q3 earnings with JPMorgan today, Goldman Sachs and Citigroup tomorrow and then Bank of America on Friday. Expectations are high and so investors are jumping into equities now so they don’t miss out on what’s expected to be a bumper quarter for the banking sector.
Spread Betting on Indices, 13 Oct 2009
Markets broke through in Europe to higher ground in yesterday’s morning session and then tried to drag the US along - on a quasi US bank holiday.
The S&P 500, the mother of all indices, managed to print 1080.3, ie 0.4 of a point through the traded high of last month. That effort proved too much and down we came again.
The DAX and FTSE 100 remain above the resistance levels of 5760 and 5195 this morning but it has to be admitted that they are not exactly looking comfortable perched as they are on top of the parapet just waiting for somebody to take a pot shot.
Our spread betting accounts have been selling heavily this morning into anything even remotely looking like a tick up. The spike on the open up to 5215 currently looks like it might have been a ‘god send’ for bear position takers.
With Sterling continuing to weaken some strength in the FTSE is to be expected merely on a global parity exercise. Some 70% of the business of the FTSE 100 is apparently non-domestic while many of the costs are in based in Sterling. This makes many UK stocks look remarkably attractive to foreign investors.
Conversely the Dax in Sterling terms is actually very close to its all time high. Forget the bear market. For a UK investor in Germany the all time high was in July ‘07 when the Sterling conversion of the Dax was at 5490, it is currently at 5395 on the same basis, less than 2% off the peak.
For a German investor in the FTSE the story has been very different, naturally. However, recent data shows that foreign buyers of UK stocks have, for the first time, exceeded domestic buyers (pension funds etc). The UK looks to be a popular place to invest just for the moment.
Corporate reporting seems to be going along very nicely so far with very few flies in the ointment. With rates expected to stay low debt management is taking something of a back foot and while there is a certain amount of corporate issuance with debt repayment in mind the urgency to do this seems to be dwindling.
Spread Betting on Indices, 12 Oct 2009
All the major indices though are still under the highs of September. The FTSE 100 is still struggling at the high 5100’s, the DAX 30 is seemingly unable to breach 5760 and the S&P, after putting on one of the best weeks on record, is still under the high of last month.
If we break higher the move could be quite violent but for the moment our spread betting clients still believe that these are the highs and are selling - rather too aggressively for my tastes.
Phillips has come in with a profit - they had been expected to announce a loss. The profit has boosted the bulls but we are not expecting too much info out of the UK today. We must wait until later in the week for some corporate boosts or brakes. Whitbread, Bellway, Burberry and Experian in the next couple of days.
While the performance of Whitbread et al will be of interest, the numbers, and in particular the detail, from Experian will probably be the closest watched. As an indicator of loan activity the data from the credit checking organisations is probably as good as it gets in terms of current activity. If Experian tells a great or grim tale then we will have to listen.
The news over the weekend was, again, pretty much two-way with corporate news still trundling into positive(ish) territory but the overall domestic situation clouding over day by day.
Price update:
- The FTSE 100 closed last week down 173.2 points at 5161.9 (down 3.47% week-on-week)
- Wall St (Dow) closed last week down 377.27 points at 9864.94 (down 3.98% W-o-W)
- The Nasdaq 100 closed last week down 91.17 points at 2139.28 (down 4.45% W-o-W)
- The S&P 500 closed last week down 46.28 points at 1071.49 (down 4.51% W-o-W)
- The CAC 40 closed last week down 149.71 points at 3799.61 (down 4.1% W-o-W)
- The DAX 30 closed last week down 243.98 points at 5711.88 (down 4.46% W-o-W)
- The Nikkei 225 closed last week down 284.52 points at 10016.39 (down 2.92% W-o-W)
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 October 2009' by DB, updated 23-Oct-09
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Index market news: Investors seem apprehensive ahead of the NFP and rightly so. European indices spread betting markets are a little softer this morning and...read article: Indices Spread Betting October 2010.
Indices Spread Trading September 2010, updated 24-Sep-10
Index market news: The FTSE 100 is now at 5440 and looking reasonably comfortable for the moment. This said, durable goods numbers are out of the States this...read article: Indices Spread Trading September 2010.
Indices Spread Betting September 2010, updated 10-Sep-10
Index market news: The FTSE is leading the way higher meanwhile other major benchmarks, namely the Dax and the Dow, are lagging having not breached their...read article: Indices Spread Betting September 2010.
Indices Spread Trading August 2010, updated 27-Aug-10
Index market news: The FTSE is opening at 5140 having chanced its arm to the down side late in the US session last night but eventually finding no follow through...read article: Indices Spread Trading August 2010.
Indices Spread Betting August 2010, updated 13-Aug-10
Index market news: The FTSE is trading around 5300 with clients making the most of the choppy trading conditions. While bear markets are generally bad for...read article: Indices Spread Betting August 2010.
Indices Spread Trading July 2010, updated 30-Jul-10
Index market news: The FTSE 100 is struggling to gain traction this morning and we're back below 5300. Targets for the spread betting bears are 5270, but below that...read article: Indices Spread Trading July 2010.
Indices Spread Betting July 2010, updated 16-Jul-10
Index market news: The news of a successful test by BP to cap the Gulf of Mexico oil leak is the first bit of good news that the company has had since the...read article: Indices Spread Betting July 2010.
Indices Spread Bets June 2010, updated 02-Jul-10
Index market news: The Dow Jones experienced an extreme period yesterday afternoon/evening moving at will through 60 to 100 point ranges over and over...read article: Indices Spread Bets June 2010.
Indices Spread Trading June 2010, updated 18-Jun-10
Index market news: As my newspaper tells me this morning the FTSE has managed 7 straight winning days for the first time in a year. Consequently it is...read article: Indices Spread Trading June 2010.
Indices Spread Betting June 2010, updated 04-Jun-10
Index market news: In some circumstances they are not too far from their highs of April, with the German Dax a mere 3% away from its...read article: Indices Spread Betting June 2010.
Indices Spread Trading May 2010, updated 21-May-10
Index market news: The FTSE hit a low of 4970 in after hours trading last night as the Dow and S&P slumped but his morning has seen something of a reverse reaction with...read article: Indices Spread Trading May 2010.
Indices Spread Betting May 2010, updated 07-May-10
Index market news: The air of nervousness is palpable in all the markets after the chaos of yesterday evening when some programme trading in the US caused mayhem. The Nasdaq, on which...read article: Indices Spread Betting May 2010.
Indices Spread Trading April 2010, updated 23-Apr-10
Index market news: The FTSE is back to near the bottom of the current range at 5670. The support is at 5650 which proved a barrier on the way up and is now proving to...read article: Indices Spread Trading April 2010.
Indices Spread Betting April 2010, updated 09-Apr-10
Index market news: A little bounce in US indices means the FTSE 100 is set to open around 5745. Metal and energy prices are a bit stronger this morning so...read article: Indices Spread Betting April 2010.
Indices Spread Trading March 2010, updated 26-Mar-10
Index market news: The Dow Jones made a spirited attempt at leaping to 11000 but just ran out of steam at around 10960. The close on the FTSE at 5730 is the...read article: Indices Spread Trading March 2010.
Indices Spread Betting March 2010, updated 12-Mar-10
Index market news: Other indices continue to catch up with the FTSE which breached its 2010 high last week, whereas the likes of the Dow and German Dax are...read article: Indices Spread Betting March 2010.
Indices Spread Trading February 2010, updated 26-Feb-10
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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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