Forex Blog by Greg Secker

The DOW rallied at the open but ran into resistance around the 12700 level pulling back from the highs to close the day up 52 points. The S&P pushed higher but ran into the 200 ema and ended the day up 7 points, the NASDAQ closed up 21 points. The FTSE, writes Greg, 100 continues to build out its consolidation around the 50 and 200 ema’s ending the session down 1 point, wait for a break of this range for direction. Futures – DOW is called down 20 points, FTSE is called up 10 points. Oil has pulled back from the highs and is currently trading at $126.33 a barrel and gold at $881.60 

The DOW continues to trade sideways after find some support on the 50% fib level ending the session yesterday up 45 points. The S&P added 5 points, NASDAQ added also added 5 points. The FTSE, writes Greg, 100 pushed higher in morning trading but following the news out at 13:30 turned and fell to the close ending the session up 11 points. Futures – DOW is called up 10 points, FTSE is called up 35 points. Oil is trading at $130.50 a barrel and gold at $902.70.

The DOW traded sideways for most of the session before putting in a small rally to close the session up 68 points. The S&P added 9 points and the NASDAQ bounced off the trend line to closed the day up 36 points. The FTSE, writes Greg, 100 gapped higher at the open but could not hold on to the gains and closed the session down 28 points. Futures – DOW is called down 30 points, FTSE is called up 10 points. Oil has fell back from record highs and is trading at $128.88 a barrel and gold at $912. 

Yesterday – notes Greg Secker – the US Federal Reserve cut its growth forecast for this year by upto 1% and predicted unemployment will rise more than expected. This coupled with weaker US Oil Inventory figures meant the DOW ended the session down 227 points. The S&P returned closed down 22 points and the NASDAQ finished down 44 points. The FTSE, writes Greg, fell heavily closing the day 185 points down. Futures – DOW is called up 28 and perhaps not surprisingly the FTSE is called down 84points. Oil is trading at $129.86 a barrel and gold is trading at $929.80 a troy ounce.

Looking at the markets, on the back of poor PPI figures and Oil hitting new highs the DOW ended the session down 200 points. The S&P returned to the trend line closing the session down 14 points and the NASDAQ finished down 24 points. The FTSE, writes Greg, fell heavily closing the day 185 points down. Futures – DOW is called down 5 and the FTSE is called down 1. Oil is trading $129.07 a barrel and gold is trading at $920.50 

The DOW broke up through the 13,000 level at the open and traded up some 150 points before hitting the highs of two weeks ago falling back to closed the session up 41 points. The S&P 500 closed up 1 points and the NASDAQ closed down 12 points. The FTSE, writes Greg, 100 closed up 72 points on the strength of the mining and oil sectors, could well see some profit taking in these sectors in the next few sessions. Futures – DOW is called down 15 points, FTSE is called down 30 points. Oil is trading at $127.22 a barrel and gold at $906.90. 

 

The DOW Fell at the open but bounced off the 12,900 level to end the session down 5 points just under the 13,000 level, watch for a break or bounce from this area. The S&P closed up 1 point and the NASDAQ closed down 4 points. The FTSE, writes Greg, 100 gapped higher at the open and held on to those gains to close the session up 52 points. Futures – DOW is called down 20 points, FTSE is called up 10 points. Oil is trading at $126.69 a barrel and gold at $907.80. 

After a small drop at the open the DOW rallied higher for the rest of the session ending the day up 94 points just under the 13,000 level. The S&P added 14 points closing an news highs in the recent up trend, the NASDAQ also closed higher up 37 points. The FTSE, writes Greg, 100 added 35 points as it continues to build out its consolidation, what for a break of this consolidation for the next major move. Futures – DOW is called 25 points, FTSE is called up 10 points. Oil is trading at $124.76 a barrel and gold at $881.60.