Spread betting comes with many highs and lows. This week I built up my balance to 2300 and between last night and today I have managed to push that back down to 1950. This is the result of moving my stop (previous post) and placing my stops too close.

US inflation report came out today and is relatively tame. I took out a buy position on the FTSE at 6414 and it looks promising but we shall wait and see. US markets have just opened and after a rally of 330 points there seems to be a lack of direction. Hopefully the inflation results prove the stimulus they need to continue the rally thus pushing the FTSE higher too. At the moment the Dow is up 42 points lets see if it has legs.

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