Forex Blog by Greg Secker

The DOW had another volatile day on Friday, it traded down over 200 points in the session only to rally back up 250 points then fell again to close the session down 31 points. The S&P had a similar day but ended the session flat. While the NASDAQ closed down 11 points. The FTSE, writes Greg, 100 had it biggest % fall in the last 5 years on Friday ending the session down 232 points at 6038, the next line of support to watch is the 6000 level. The FTSE, writes Greg, 250 closed down 322 points. Futures – DOW is called up 70 points, FTSE is called up 90 points . Oil is trading at $71.40 a barrel and gold at $670. 

Volatile trading conditions continued yesterday after news from the French bank BNP Paribas caused a sell off around the world. The DOW fell 387 points, S&P fell 44 points and the NASDAQ fell 56 points. In Asia overnight the NIKKEI fell 468 points, the Hang Seng fell 639 points and the ASX fell 196 points. In Europe the DAX fell 150 points and the CAC fell 124 points. The FTSE, writes Greg, 100 gapped lower at the open and ended the day down 122 points. The FTSE, writes Greg, 250 fell 242 points. Futures – DOW is called down 50 points, FTSE is called down 85 points. Oil is trading at $71.50 a barrel and gold at $662.7. Due to the large gap down expected at the open there will be no new orders placed pre market today. 

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. 

 

 

The DOW found some support around the 13150 level and rallied to the close to finish the day up 286 points under the 50 ema and near to the 13500 resistance level, watch this level for a break or bounce. The S&P tested the lows at the open but rallied to close the day up 34 point. The NASDAQ traded down to the 200ema which provided some support to push it up 36 points at the close. The FTSE, writes Greg, 100 gapped lower at the open, but traded higher for most of the morning and closed the gap but fell off to the close to finish the day down 35 points. The FTSE, writes Greg, 250 had a big gap down at the open and closed the session down 187 points. Futures – DOW is called down 45 points, FTSE is called up 60 points. Oil is trading at $71.60 a barrel and gold at $670.5. 

The DOW fell 281 points on Friday to close at 13181. The S&P fell 39 points to close below the 200 ema and setting a lower low in the current down trend. The NASDAQ also setting lower lows closed down 64 points. The FTSE, writes Greg, 100 fell 76 points as it consolidates around the long term trend line. The FTSE, writes Greg, 250 lost 47 points. Futures – DOW is called up 15 points, FTSE is called down 60 points. Oil is trading at $74.90 a barrel and gold at $672.8. 

Volatility carries on in the markets as the DOW closes the day up 150 points, S&P up 10 points and the NASDAQ up 7 points. The FTSE, writes Greg, 100 had a major gap down yesterday morning but trading higher during the session to finish down 109 points. Futures – DOW is called down 15 points, FTSE is called up 55 points. Oil is trading at $76.60 a barrel and gold at $664.5

The DOW pushed higher at the open but ran into resistance and fell 290 points to end the session down 146 points. The S&P closed down 18 points and the NASDAQ gapped higher but closed lower, down 37 points. The FTSE, writes Greg, 100 gapped higher at the open and continued to rally during the session finishing the day up 154 points. The FTSE, writes Greg, 250 added 265 points. Futures – DOW is called down 120 points, FTSE is called down 150 points. Oil is trading at $77.80 a barrel and gold at $661.4. – WATCH FOR LARGE GAP DOWN AT THE OPEN WHEN PLACING ANY NEW TRADES TODAY.