Delta Index provide Spread Betting with their morning targets. This morning Delta Index have their sights set on Apollo and BT Group. Both companies have given bullish chart indicators, and therefore could provide spread betting traders an opportunity for gains. Delta say: “Apollo – MACD Crossover. But Apollo at 4068 and set a stop at 3907, an initial target is set at 4364. “BT Group – MACD & Triple Moving Average Crossover. Signal: Buy @ 194, Stop 188, Initial target 207.”Elsewhere on the spread betting scene Spreadex had called the FSTSE 100 higher, spread betting companies are able to base these calls on stock futures action. “FTSE opens +20 at 6088 after the US surges on Bernanke’s statement. The new FOMC format offering transparency and a reassuring performance in the press conference appears to have bolstered confidence in Bernanke and the Fed’s strategy for managing the US recovery and this confidence spilled over into Asia overnight,” says a spread betting note from Spreadex. Mining stocks are leading the charge as the jump in metal prices overnight continues this morning; Antofagasta +2.65%, Fresnillo +2%, Kazakhmys +1.76%. Fallers this morning include Whitbread -4.5%, Unilever -2.86% and Astrazeneca -2%. All three companies reported earnings this morning with Unilever largely in line, Astrazeneca beating estimates and Whitbread perhaps disappointing the market though their statement suggests they are confident they will continue to outperform.

  Oh, and also a lesson why the Stop Loss is your Friend !

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