Forex Blog by Greg Secker

All US markets closed on Thursday and today are open for ½ a day. The FTSE, writes Greg, 100 quickly reversed at the open to trade down near to the psychological 6000 level which has provided major support in the past. The index rallied from this level to close the session up 84 points. Futures – DOW is called up 25 points, FTSE is called up 10 points. Oil is trading at $97.20 a barrel and gold at $809.60. 

 

The DOW had a volatile trading day yesterday, rallying at the open up 120 points before falling over 200 points and rallying to the close to finish the session up 51 points. The S&P closed up 6 points, NASDAQ up 3 points. The FTSE, writes Greg, 100 gapped higher at the open but quickly fell to the lows, but rallied to close the session up 105 points. Asia has fallen overnight and the futures prices are looking to open lower. Futures – DOW is called down 60 points, FTSE is called down 70 points. Oil is trading near to the $100 a barrel level at $98.65, gold is trading at $804. 

The Dow fell at the open and traded lower during the session closing down 218 points and below the important 13,000 level. The S&P fell 25 points, the NASDAQ fell 43 points back to its 200 ema. The FTSE, writes Greg, 100 continues in its current short term down trend setting new lows again yesterday as the index fell 170 points, watch out for a reaction rally over the next few trading periods. The FTSE, writes Greg, 250 fell 361 points back to the 10400 level which is the level the index fell to back in August, watch for a break or bounce from this level. Futures – DOW is called up 100 points, FTSE is called up 45 points. Oil is trading at $94.50 a barrel and gold at $783. 

The DOW traded in a range on Friday above the 13,000 level ending the session up 66 points. The S&P closed 7 points and the NASDAQ closed up 18 points. The FTSE, writes Greg, 100 gapped lower at the open, it tried to fill the morning gap but then fell to the close ending the session down 68 points. Futures – DOW is called down 30 points, FTSE is called up 10 points. Oil is trading at $94.80 a barrel and gold at $790.00. 

The DOW had another sell off at the close yesterday, closing down 121 points. Watch the 13,000 level for a break or bounce. The S&P fell 19 points and the NASDAQ fell 25 points. The FTSE, writes Greg, 100 traded higher at the open but soon turned and trended down for the rest of the session, closing the day down 72 points. Futures – DOW is called up 25 points, FTSE is called down 30 points. Oil is trading at $93.50 a barrel and gold at $790.90. 

 

The DOW opened up higher but soon fell back to close the gap where it traded sideways for most of the session before it fell to the close ending the session down 83 points. The S&P closed down 10 points, the NASDAQ fell 29 points. The FTSE, writes Greg, 100 gapped higher at the open but fell back during the session before it rallied to the close to finish up 69 points. Futures – DOW is called up 30 points, FTSE is called flat Oil is trading at $94.00 a barrel and gold at $813.60. 

The DOW had the biggest up day for 5 years yesterday as it bounced of the 13,000 level, closing the session up 319 points at 13307. The S&P rallied 41 points. The NASDAQ gapped higher and closed the session up 89 points (3.5%). The FTSE, writes Greg, 100 failed to trade up through the 200 ema yesterday, closing the session up 24 points. Futures – DOW is called up 20 points, FTSE is called up 70 points. Oil is trading at $91.68 a barrel and gold at $807.60. 

 The DOW traded higher for most of the session but fell in the last hour to close below the psychological 13000 level, ending the session down 55 points. The S&P closed down 14 points. The NASDAQ fell 43 points on the 200 ema. The FTSE, writes Greg, 100 opened lower but did pick up during the session to close up 33 points. Futures – DOW is called up 40 points, FTSE is called down 20 points. Oil is trading at $94.65 a barrel and gold at $809.

The DOW traded lower on Friday closing the session down 223 points and below the 200 ema. The S&P fell 21 points and the NASDAQ closed down 86 points. The FTSE, writes Greg, 100 traded higher at the open but soon started to fall off closing the session down 77 points and below the 200 ema. There was also big falls overnight in Asia with the HANG SENG falling over 1000 points, 3.50% – Futures, DOW is called down 45 points, FTSE is called down 25 points. Oil is trading at $95 a barrel and gold at $818.40. 

The DOW had a day of selling but found some ground towards the close to finish the day down 33 points and showing us a big low test bar. The FTSE, writes Greg, was affected by the US as we closed the US continued to tumble causing the FTSE to gap down at the open and rally to the close and finish the day down 3 points. Futures – DOW is called down 27 FTSE called down 6 points. Oil is tradeing at 96.39 and Gold at 834.6