Well there has been no spread betting action from me today whatsoever so I thought I’d make some comments on the FTSE 100. The last I checked the FTSE 100 was down around 90 points. It would seem yet again that the 6100 mark has proved to be elusive and the resistance level at this mark has held true again. Could this be the start of a slide? Is it just a correction? Or is it just a continuation of the sideways market we seem to currently be stuck in? As always I have no idea but I suspect it will be one of those three (well I’m hedging my bets). My new long position in Barratt Developments is my worst performer today, Hardly surprising when you read in the news that house prices are still on the slide. Hopefully it will recover, if not then I’ll be suffering another whipsaw and switching to a short position. Hopefully I can sustain this until the big trend comes along. I just hope the big trend is big enough to cover all the current losses. I guess we’ll find out.


I’d love to hear what others think the FTSE 100 might do over the coming weeks. Feel free to leave me a comment below.


Until next time,
“May the markets be with you!”
The Spread Betting Beginner

May 4, 2011 by Harry
Category: blog