Greg Secker – Global Market Update

The DOW broke down through the 13700 support level at the open and traded down some 400 points before it found some support and bounce to the close, ending the day down 311. The S&P ended the day down 35 points and the NASDAQ down 48 points. The FTSE, writes Greg Secker, 100 fell through the 6450 level at the open and ended the day down 203 points near to its long term trend line, watch this level for a break or a bounce. The FTSE, writes Greg Secker, 250 fell 382 points. Futures – DOW is called down 15 points, FTSE is called down 50 points. Oil is trading at $75.10 a barrel and gold at $664.8.

The DOW pushed higher at the open and ended the session up 92 points at 13943 and closing in on the 14,000 resistance level, watch this level for a break or bounce. The S&P gapped up at the open but could not add to this and closed up 7 points. While the NASDAQ gapped at the open but fell back during the session to close the day up 3 points. The FTSE, writes Greg Secker, 100 climbed at the open then spent the rest of the day trading sideways in a tight range to close up 39 points. But the FTSE 250 fell back from its opening gap to close the day down 37 points. Futures – DOW is called down 10 points, FTSE is called down 10 points. Oil is trading at $74.60 a barrel and gold at $681.5.

The DOW traded lower throughout the session but found some support at 13800 and bounced to the close to finish the day down 53 points. The S&P and NASDAQ also did the same with the S&P closing down by 3 points and the NADSAQ also down by 3 points. The FTSE, writes Greg Secker, 100 gapped lower at the open and continued to trade lower during the session to close down 92 points. Futures – DOW is called up 45 and FTSE is called up 40. Oil is trading at $75 a barrel and gold at $671.90.

The DOW added 43 points yesterday closing at another all time high. The S&P is consolidating at the highs closing down 3 points, the NASDAQ closed down 9 points. After gapping higher at the open the FTSE 100 ended the day down 19 points, and the FTSE 250 closed down 5 points. Futures – DOW is called up 10 points, FTSE is called flat. Oil is trading at $74 a barrel and gold at $665.

The DOW continued to set new all time highs after the breakout form the resistance level and ended the day up 45 points at 13907. The S&P added 4 points to close again at a new all time high. The NASDAQ added 5 points to close at a new 6 year high. The FTSE, writes Greg Secker, 100 gapped higher but fell back during the session to end the day up 19 points. Futures – DOW is called down 25 points, FTSE is called down 8 points. Oil is trading at $74 a barrel and gold at $667.5

The DOW recovered from its major fall to end the day up 76 points. The S&P added 8 points and the NASDAQ added 12 points. The FTSE, writes Greg Secker, 100 gapped lower at the open but traded higher throughout the session to end the day down 15 points. Futures – DOW is called up 20 points, FTSE is called up 15. Oil is trading at $72.60 and gold at $662.5

The DOW fell back from the major resistance level yesterday to end the day down 148 points and could be heading back down to the lower line of the channel. The S&P fell 21 and the NASDAQ fell 30 points. The FTSE, writes Greg Secker, 100 opened the session higher but could not breakout to new highs for the year, and fell for the rest of the session ending the day down 81 points. Futures – DOW is called up 15 points, FTSE is down 25 points. Oil is trading at $72.69 a barrel and gold at $666.2.

The DOW traded higher during the day as it closes in on the key resistance level at 13700, ending the day up 38 points at 13650. Watch the 13700 level for a break or bounce over the next few days. The S&P added 1 point. The tech heavy NASDAQ continues to set new highs adding 3 points yesterday to close at 2670. The FTSE, writes Greg Secker, 100 gapped higher at the open and traded sideways for the rest of the session ending the day up 22 points. The FTSE, writes Greg Secker, 250 also gapped higher at the open but could not hold on to the gains and ended the day down 7 points. Futures – DOW is called flat and FTSE is called up 5 points. Oil is trading at $72 a barrel and gold at $658.90.

The DOW closed the day with a small loss of 11 points as it traded quietly in a tight range all day. The S&P had a similar day but closed the day flat. The tech heavy NASDAQ pushed higher during the session to add 11 points and close at a new 6 year high. The FTSE, writes Greg Secker, 100 gapped higher at the open but failed to hold on to its gains and fell hard to the close ending the day down 38 points and leaving us with a key reversal bar on the daily chart. The FTSE, writes Greg Secker, 250 also gapped higher and failed to hold on to gains ending the day down 31 points. Futures – DOW is called down 15 points, FTSE is called up 3 points. Oil is trading at $71.70 a barrel and gold at $649.5.

All US markets closed on Wednesday for Independence Day. At Midday today we will see the latest Bank of England interest rate decision where it is expected to see an increase by 0.25 basis points. The FTSE, writes Greg Secker, 100 slowly traded higher during the session to close the day up 33 points, and the FTSE 250 added 86 points. Futures – DOW is called up 20 points, FTSE is called up 10 points. Oil is trading at $71.30 a barrel and gold at $655.10.