Greg Secker – Global Market Update

The DOW ended the day with a small rally to close up 48 points at 12348. The S&P also rallied to the close to finish up 5 points at 1422. The NASDAQ rallied at the end of the day from its lows to close the day flat to give us a lower test bar for yesterday. The FTSE, writes Greg Secker, 100 traded higher throughout the day to close up 57 points at 6324, watch the 6350 level for a break or bounce. Futures – DOW is called down 8 points, FTSE is called flat. Oil rallied yesterday and is currently trading at $66.60 a barrel and gold is trading at $662.6.

The DOW closed the day down 96 points, below the support line at 12350. The S&P fell 12 points and is now sat on its 50 ema. The NASDAQ closed down 20 points and below the 20 ema. The FTSE, writes Greg Secker, 100 fell 25 points as it pulls back to the 50 ema. Futures – DOW is called up 40 points, FTSE is called up 20 points. Oil is trading at $63.80 a barrel and gold at $664.7

The DOW closed down 71 points after weaker than expected consumer confidence figures, watch 12350 for break or bounce off this support level. The S&P and NASDAQ both sold off after the news but are still consolidating in their ranges, watch for a break of these ranges for the next directional move. The FTSE, writes Greg Secker, closed the day flat after finding support again on the 6280 level. Futures – DOW is called down 40 points, FTSE is called down 25 points. Oil is trading at $63.90 a barrel and gold at $665. 

The DOW closed the day down 12 points as the index recovered from the losses earlier in the day. The S&P and NASDAQ had a similar day, S&P closed up 1 and NASDAQ up 6 both have low test reversal bars from yesterday. The FTSE, writes Greg Secker, 100 closed the day down 47 points but did find some support at the neck line of the double bottom. Futures – DOW is called down 30 points, FTSE is called up 30 points. Oil is trading at $62.60 a barrel and gold at $663.4 

The DOW closed up 19 points on Friday as it continues to consolidate at the highs in its latest move. The S&P and NASDAQ each traded sideways on Friday and continue to consolidate in their ranges. The FTSE, writes Greg Secker, 100 added 21 points to its current up surge to give it 7 days in a row where it has closed higher than its previous day. The FTSE, writes Greg Secker, 250 had a quiet day closing down 6 points. Futures – DOW is called down 15 points, FTSE is called 10 points. Oil is trading at £62.60 a barrel and gold at $659.70. 

The DOW traded sideways ending up 14 points and is building out a consolidation at the highs, watch this range for a breakout for the next major move. The S&P and NASDAQ each held on to their gains from Wednesday and also building a consolidation pattern at the highs. The S&P closed flat and the NASDAQ closed down 4 points. The FTSE, writes Greg Secker, 100 gapped higher at the open and then traded in a sideways range for the rest of the day ending up 61 points. The FTSE, writes Greg Secker, 250 also gapped higher at the open but fell back during the day ending up 95 points and closing at a new all time high at 11708. Futures – DOW is called down 5 points, FTSE is called down 15 points. Oil is trading at $61.60 a barrel and gold at £661 

The DOW put in a late rally to push up through the resistance line at 12350 to close the day up 159 points at 12447 and is now back above the 50 ema. The S&P also broke out of its consolidation and added 24 points at the close. The NASDAQ jumped 47 points to close at 2455 and above all moving averages. The FTSE, writes Greg Secker, 100 added 30 points and closed at 6256 above the 50 ema. The FTSE, writes Greg Secker, 250 added 20 points to close near the all time highs. Futures – Dow is called down 20 points, FTSE is called up 75 points. Oil is trading at $60 a barrel and gold at $664. 

The DOW closed the day near the highs up 61 points closing in on the resistance level at 12350, watch this level for a break or bounce. The S&P closed up 8 points and is at the resistance level, the NASDAQ added 13 and also closed near to the resistance level. The FTSE, writes Greg Secker, 100 traded lower most of the day but put a rally in to the close finishing up 30 points. Futures – Dow is called flat, FTSE is called down 15 points. Oil is trading at $59.50 a barrel and gold at $659. 

The DOW opened solidly yesterday and held on to the gains to finish the day up 115 points, but is still within its large consolidation. The S&P added 15 points and the NASDAQ added 21 points, both trading near to the top of their consolidations, will be watching for a break or bounce. The FTSE, writes Greg Secker, 100 added 58 points as it continues to form the large double bottom. The FTSE, writes Greg Secker, 250 added 169 points and is near to the neck line of the double bottom. Futures – DOW is called up 15 points, FTSE is up 5 points. Oil is trading at $59.90 a barrel and gold at $654. 

The DOW closed Friday down 49 points, as it continues to build out its consolidation. The S&P closed down 5 points and the NASDAQ closed down 6 points as they both still trade within their current consolidation ranges. The FTSE, writes Greg Secker, had a less volatile day on Friday closing down 2 points as it lifts off the long term trend line on its way to forming a double bottom. Futures – DOW is called up 50 points, FTSE called up 30 points. Oil is trading at $57.20 a barrel and gold at $655.70