Forex Blog by Greg Secker

The DOW had a less volatile day yesterday and closed up 26 points at 12159. The NASDAQ and S&P each traded quietly sideways throughout most of the session, with the NASDAQ closing up 7 points and the S&P up 5 points. The FTSE, writes Greg, 100 gapped up at the open and added 132 points at the close, this has given a bounce off the long term trend line and a close above 6280 will confirm the double bottom reversal pattern. But if we get a solid close below the 6000 level we could be looking at a change in market direction. Futures – DOW is called down 30 points, FTSE is called down 25 points. Oil is trading at $57.30 a barrel and gold at $647.4

The DOW fell at the open down through its support level where it found some support on the 200 ema, it then rallied to the close finishing up 57 points. The S&P had a similar day closing up 9 points and the NASDAQ closed up 21. The FTSE, writes Greg, 100 gapped lower at the open and ended the day down 160 points closing on the long term trend line and the key 6000 level. Futures – DOW is called up 35 points and FTSE is called up 90 points. Oil is trading at $58.50 a barrel and gold at $628.50. With current market volatility trade with extreme caution. 

 

The DOW closed the day down 242 points and is now approaching a major support line, watch this area closely for the next major move. The S&P and NASDAQ both fell heavily yesterday and are now approaching the key lows of the last few weeks. The FTSE, writes Greg, 100 fell 72 points after finding some resistance off the 50 ema. Futures – DOW is called down 15 points, the FTSE is called down 65 points. Oil is trading at $58.10 a barrel and gold at $640.80.

The DOW finished the day up 42 points and above the 12300 level. The S&P closed up 3 points and the NASDAQ up 14 points as they both continue to build out their consolidation pattern. The FTSE, writes Greg, 100 gapped higher at the open but closed down 11 points, while the FTSE 250 closed up 7 points. Futures – DOW is called down 25 points and the FTSE is called flat. Oil is trading at $59.20 a barrel and gold at $650.70

The DOW traded higher up the open but fell to the close to finish down 15 points as it continues to build out is consolidation. The S&P traded similar to the DOW and closed down 3 points and the NASDAQ closed down 10 points. The FTSE, writes Greg, 100 gapped lower at the open but push higher through out the day and closed up 18 points. The FTSE, writes Greg, 250 gapped up at the open and ended the day up 171 points to close just under the 50 ema. Futures – DOW is called up 60 points, FTSE is called up 35 points. Oil is trading at $61.90 and gold at $653.40.