Forex Blog by Greg Secker

The DOW traded higher during the session to come within a few points of the 13700 level where it suddenly changed direction and fell 200 points, but there was a rally at the end of the day to finish the session up 153 points. The S&P added 20 points to close just below the big number at 1500 and the 50 ema. The NASDAQ gapped higher and traded up through the 50 ema to close the day up 51 points. The FTSE, writes Greg, 100 gapped above the 200 ema and continued to climb during the session to close the day up 85 points. The FTSE, writes Greg, 250 also gapped above the 200 ema at the open and traded higher during the session closing up 219 points and completing the double bottom reversal pattern. Futures – DOW is called down 10 points, FTSE is called down 5 points. Oil is trading at $72.20 a barrel and gold at $674.