My personal portfolio
Comment of the Day

March 17 2016

Commentary by David Fuller

My personal portfolio

A medium-term trade rolled forward

David Fuller's view

Two thirds of my long position in the German DAX Index was rolled forward this evening.  These were the two equal-sized March contracts purchased at 10341.1 on 5th Jan and at 9787.5 on 22nd Jan, which were sold at 9868.5 today.  Simultaneously, equal-sized June positions were purchased at 9908.8.  The other third of my DAX long position was already in the June contract having been purchased on 26th Jan at 9854.1.  I will hold this position for a little longer because DAX is in a recovery phase, although it has struggled recently near the psychological 10,000 level.  However the window for performance among diversified stock markets may not remain open much beyond the short term.

Prices above include all spread-bet dealing costs.

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