Financial spread betting update 31st January 2011

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

In early trading this morning the markets have continued with their weakness from Friday and we may have seen a top for the stock indexes for now if support is breached today. The dollar is slightly higher against most of the majors and gold and silver are marginally lower. Gold and silver in particular will be interesting markets to watch this week as both tested support last week and recovered.

Today is the last day of the month and January is often looked at as a barometer for the year ahead. After today’s close we will be able to see how January stacks up and what the January stock market barometer says about the year ahead. Whatever happens in the stock markets we will likely see an increase in volatility as for the most part, at least up until Friday the stock indexes had been trading in fairly tight daily ranges. There should be plenty of excellent spread betting opportunities ahead, both from the long and the short side

This week’s financial spread betting update begins with:

For the most part, last week was a fairly quiet one markets wise until Friday. Friday saw some big moves in several markets as geopolitical concerns led to a flight to safety with gold, bonds and the dollar as the prime beneficiaries. The long term trends are still intact and are up for stocks and commodities and down for the dollar……continue reading by clicking here

Good trading

Phil Seaton

 

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