Forex Blog by Greg Secker

After pushing higher at the open the DOW sold off to the close after the interest rate decision, closing the session down 294 points, falling back to the 50 ema. The S&P closed down 38 points and the NASDAQ fell 6 points. The FTSE, writes Greg, 100 is still finding some resistance at the 6600 level ending the session down 28 points. Futures – DOW is called up 65 points, FTSE called down 55 points. Oil is trading at $89.40 a barrel and gold at $810.80. – Due to the large gap down expected at the open we will not be placing any new trades before the market opens.

The DOW pushed higher from the open and ended the session up 101 points. The S&P added 11 points and the NASDAQ added 12 points. The FTSE, writes Greg, 100 continues to build out its consolidation under the 6600 level ending the session up 10 points. Futures – DOW is called up 45 points, FTSE is called up 20 points. Oil is trading at $88.36 a barrel and gold at $813. 

After the recent gains, the DOW had a quiet session ending the day up 5 points as it consolidates before the next big move. The S&P closed down 2 points and the NASDAQ also closed down 2 points. The FTSE, writes Greg, 100 gapped higher at the open and held on to its gains closing up 69 points. Futures – DOW is called down 40 points, FTSE is called down 20 points. Oil is trading at $87.83 a barrel and gold at $803.30 

The DOW ended the day at the high of the session adding 174 points, after breaking through the head line of the inverted head and shoulders, this pattern could see the index rally back to the 14,200 level. The S&P also broke out from its pattern adding 22 points. The NASDAQ added 42 points. The FTSE, writes Greg, 100 rallied at the open but fell back after the interest rate decision closing the session down 8 points. Futures – DOW is called down 60 points, FTSE is called up 35 points. Oil is trading at $90.25 a barrel and gold at $804.60. 

The DOW continues to trade within it consolidation at the highs of the recent move, closing the session down 65 points. Watch for a breakout of the 13,200 to 13,400 range for the next directional move. The S&P closed down 9 points and the NASDAQ closed down 17 points. The FTSE, writes Greg, 100 fell at the open and closed the session down 71 points and below the 50 and 200 ema’s. Futures – DOW is called up 40 points, FTSE is called up 30 points. Oil is trading at $88.80 a barrel and gold at $810.80.

The DOW continues to consolidate around the 13,400 level, yesterday closing down 57 points at 13314. The S&P fell 8 points, the NASDAQ closed down 23 points. The FTSE, writes Greg, 100 has fallen back below the 6400 level closing on the 50 ema, ending the session down 46 points. Futures – DOW is called flat, FTSE is called flat. Oil is trading at $89.77 a barrel and gold at $797.30. 

The DOW traded higher at the open and pushed on through the 13,400 level but could not hold onto the gains, as it fell back from the highs closing the session up 60 points but below the 13,400 level. Watch this level for a break or bounce this week. The S&P added 11, but after gapping higher at the open the NASDAQ fell back to close down 7 points. The FTSE, writes Greg, 100 pushed higher all day up through the 50 and 200 ema’s closing the session up 83 points and above the 6,400 level. Futures – DOW is called down 20 points, FTSE is called flat. Oil is trading at $89.58 a barrel and gold at $796.80.