Forex Blog by Greg Secker

The DOW gapped higher at the open and continued to trade higher during the session adding 180 points on the day and finishing just under the 50 ema. The S&P added 19 and the NASDAQ added 38. The FTSE, writes Greg, 100 gapped higher at the open and had a very strong day adding 146 points and triggering a power play on the daily chart. The FTSE, writes Greg, 250 also triggered a power play as it bounced off the new trend line and setting a new higher low, both indices need to break the 50 and 200 ema’s and set higher highs to continue in this bullish direction. Futures – DOW is called down 30 points, FTSE is called down 10 points. Oil is trading at news highs at $78.25 a barrel and gold at $714.