Financial spread betting update for 4th October 2010

This week’s financial spread betting update is now available and can be read by clicking here.

This week will be all about whether the S&P 500 can break resistance at 1150 or whether that resistance level holds and pushes the market back lower towards the 1110 area. A break above 1150 with a close either Tuesday or Wednesday will likely extend the rally up to the next resistance area around 1170 and possibly higher with the other indexes to follow higher. The US dollar will also be a focus this week as last week saw new multi-month lows against many of the majors.

This week’s financial spread betting update begins with:

The past week has seen stocks move sideways, the dollar weaken and commodities have been mixed. The current long term trends are mixed for stocks, down for the dollar and up for commodities…

Good trading

Phil Seaton

PS. Find out more about our financial spread betting system for stocks, commodities and forex by clicking here. The system comes with a 30 day money back guarantee.

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