This week’s financial spread betting update is now available and can be read by clicking here.
Over the past few weeks the markets have begun trending very well for the first time in a couple of years. Volatility has for the most part returned to more normal historical levels and many markets have returned to trending well. There have been a lot of good trends in commodities, interest rate futures and currencies and now stocks are also trending lower as well. This makes for very good trending conditions for those that are able to take advantage of trading from the long and the short side as we do at LS Trader.
The often quoted Wall Street adage of “Sell in May and go away” which relates to stocks has been right on the money so far this year. Whether stock market weakness continues through the summer as it did last year remains to be seen but at present we are seeing a shift of long term trend to down so we may see the downtrends continue.
Commodities have really been beaten up of late as the risk-off trade comes back to the fore and this has resulted in moves into the dollar and bonds. At LS Trader we have caught these moves by being short commodities, long the dollar and long bonds.
This week’s financial spread betting update begins with: The stock index decline resumed this week following a pause the prior week. Stock indexes have now declined in 4 of the last 5 weeks.
Commodities have continued to be hit hard and with only a handful of exceptions are trending nicely lower. The dollar has continued it’s recent uptrend in spite of a bit of a reversal on Friday..……continue reading by clicking here
You can keep up to speed with our new Facebook page that is available at www.Facebook.com/lstraderuk