Forex Blog by Greg Secker

The DOW closed Thursday up 30 points and Monday up 9 points as it continues to build out its consolidation, watch for a break of this range for the next major move. The S&P closed up 4 points on Thursday and 1 point on Monday, while the NASDAQ closed up 11 points on Thursday and down 4 points on Monday. The FTSE, writes Greg, 100 closed up 32 points on Thursday but was closed on Monday. Futures – DOW is called down 5 points and FTSE is called up 10 points. Oil is trading at $61.70 a barrel and gold at $675.20.

The DOW traded quietly throughout the day as it continues to build out its consolidation. It closed up 19 points at 12530. The S&P added1 point and the NASDAQ added 8 points as they both continue to build out their respective consolidations. The FTSE, writes Greg, 100 closed down 1 point, while the FTSE 250 added 3 points as the markets traded sideways throughout the day yesterday. Futures – DOW is called down 15 points, FTSE is called flat. Oil is trading at $64.30 a barrel and gold at $672.40. Keep an eye out for the UK interest rate decision due out at midday today. With the long Easter week end coming up we will be looking to reduce the number of positions we have open.

The DOW broke out of its consolidation and added 128 points to close at 12510. The S&P added 13 and the NASDAQ added 28 as they both broke out of their respective ranges. The FTSE, writes Greg, 100 added 50 points and closed above the previous resistance level at 6350. The FTSE, writes Greg, 250 added 125 points and closed at a new all time high at 11885. Futures – Dow is called up 20 points and FTSE is called up 25 points. Oil is trading at $64.40 and gold at $664.30.

The DOW closed up 28 points as it continues to build out its consolidation, a break form this range could lead to a big move in that direction. The S&P added 3 points and the NASDAQ closed flat as they both continue to trade within the current consolidation. The FSE 100 added 7 points as it trades below the resistance like around the 6350 level. The FTSE, writes Greg, 250 added 70 points and closed at a new high at 11759. Futures – DOW is called up 15 points, FTSE is called up 25 points. Oil is trading at $65.80 a barrel and gold at $664.50.

The DOW closed Friday up 5 points, the S&P closed down 1 and the NASDAQ closed up 3 as they all consolidated waiting for a breakout for next direction. The FTSE, writes Greg, 100 closed down 16 points, while the FTSE 250 closed up 23 points. Futures – DOW is called down 15 points, FTSE is called flat. Oil is trading at $65.70 a barrel and gold at $663.7.