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Jarman: FTSE falls back below 7000 - selling the S&P 500

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London based trader Michael Jarman gives us his thoughts and views on the FTSE 100. The index broke though the significant 7000 level for the first time in its history last week before dipping back below the magic number this week.

Are investors too hung up on a round number? Is the FTSE late to the party given that other European and US indices have been up at record highs for longer? Michael assesses the FTSE's performance, looks ahead to the UK election and the political impact on markets plus talks us through his trades in the S&P 500