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Read more on Spread Trading July 2010 Newsletter…
Read More...Recently we have been discussing various spread trading strategies for stocks and commodities and the 2 markets that we have been focusing on are gold and the S&P 500.
Let’s begin today with gold. In our last post on gold we wrote that we were looking for a move back up above short term resistance at $1215. We had written that there had been a bull harami pattern on the weekly charts and that this pointed to higher prices in the short term and a test of $1215 resistance early in the week. We got that test yesterday and the market moved up to $1218.8 (August contract) at one stage in the day but was unable to close above $1215.
Read more on Spread trading stocks and commodities…
Read More...This week’s LS Trader financial spread trading update is now available and can be read by clicking here.
Last week was a relatively light volume week for the stock markets as expected due to the holiday in the US. This week will likely see a return by traders to their trading desks and should lead to a considerable increase in volume. The week ahead is likely to give us a better idea of short term action for the stock markets than we got from last week in spite of the impressive rally.
Read more on LS Trader spread trading weekly update…
Read More...Continuing our series of posts on spread trading strategies and stocks, today we focus again on the S&P 500, which has continued to rally higher from support at 1003.1, making a counter trend move.
Read more on Spread trading strategies for the S&P 500…
Read More...Continuing our recent posts on gold and how to spread bet gold, we look at what's been happening in the August Gold contract. After a few failed attempts at resistance around $1250, Gold has finally broken through to new all time highs and has been able to close above prior all time highs for the first time since new highs were posted back on the 12th May. This carried more significance as the close above resistance was Friday’s close, and Friday’s close is the most important close of the week. Ideally we look for another close on Monday above this level for further bullish confirmation.
Read more on Financial Spread Betting Update: Gold Set For $1335?…
Read More...LS Trader Financial Spread Betting Weekly Update
This week’s LS Trader financial spread betting update is now available and can be read by clicking here.
This week we look at the S&P 500, which remains in a lateral trading range and may be set to test the highs of that range this coming week. We also have another look at Gold which hit new all time highs during the past week, and Crude Oil, which has continued to struggle with resistance levels of late. Long term the trends are up for the S&P 500, up for gold and down for Crude Oil. Further out we expect a long term trend change to down in the stock markets with potentially a large move lower before the end of the year, at the very latest by March next year.
Read more on Financial Spread Betting System Latest News…
Read More...Spread betting stocks and stock indexes.The stock markets continue to trade within the current lateral trading range. On the S&P 500 (September contract), which is the main stock index, the range is between 1034.80 and 1100. This range has held good for the last 14 sessions.
Read more on Stock Indexes Remain In Trading Range…
Read More...Gold reaches new all time highs.
Following on from our post yesterday where we were discussing how to spread bet gold and the recent uptrend for Gold and the key levels to look out for, August Gold briefly cleared resistance at prior all time highs at $1251.4, but was unable to stay there. The new all time highs reached intra day yesterday were at $1254.5 before Gold closed slightly lower at $1245.6
Read more on Spread Trading Strategies: Gold Reaches New All Time High…
Read More...The question that users of financial spread betting are asking at the moment is where next for Gold?
Last week, August Gold managed a small gain for the week of 0.22% but there were signs that the market was getting tired and was possibly forming a lower high at the resistance area around $1220. As we had written in this week’s weekly update the long term trend remains up and will continue to be so as long as support around $1170 holds.
Read more on Financial Spread Betting | Where next for Gold?…
Read More...This week’s financial spread betting update is now available and can be read by clicking here.
This week we look at the S&P 500, which may be set to test a key support level this week and the likely impact on the markets that failure for support to hold would have.
Read more on Financial Spread Betting System News…
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Phil Seaton’s Financial Spread Betting Systems
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