Financial spread betting update 3rd January 2011

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

Firstly, I’d like to say Happy New Year to all my readers and subscribers and here’s to a very profitable year trading the markets once again and let’s hope for some big trends.

So far today the markets have continued in very bullish fashion and the S&P 500 has already blasted through last week’s trading range and moved up to new highs and is currently just short of our 1275 target.

Commodities are also mostly higher with Crude up through the $92 resistance level intra day. As we write in this week’s spread betting update, a close above $92 may pave the way for another go at $100 Crude.

This week’s financial spread betting update begins with:

The final trading week of the year ended up being a very light volume week as expected and this led to stocks drifting lower. Volume should pick up again next week especially from Tuesday onwards and that will give a clearer picture. At the beginning of the new trading year the long term trends are up for commodities and stocks and down for the US dollar and interest rate futures…continue reading by clicking here

Good trading

Phil Seaton

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