Greg Secker – Global Market Update

The DOW added 34 points yesterday as it continues to build out its consolidation at the highs, a break of this range could see a push for the 14000 level. The S&P added 6 points as it continues to consolidate. The NASDAQ pushed higher adding 10 points. The FTSE, writes Greg Secker, 100 gapped higher at the open and finished the day up 53 points. Futures – DOW is called down 10 points, FTSE is called up 5 points. Oil is trading at $83.20 a barrel and gold at $737. 

The DOW added 34 points yesterday as it continues to build out its consolidation at the highs, a break of this range could see a push for the 14000 level. The S&P added 6 points as it continues to consolidate. The NASDAQ pushed higher adding 10 points. The FTSE, writes Greg Secker, 100 gapped higher at the open and finished the day up 53 points. Futures – DOW is called down 10 points, FTSE is called up 5 points. Oil is trading at $83.20 a barrel and gold at $737. 

The DOW broke out the top of the consolidation yesterday adding 99 points at the close, we could now see it testing the all time highs at 14000. The S&P added 8 points and the NASDAQ broke out of its consolidation adding 15 points at the close. The FTSE, writes Greg Secker, 100 gapped higher at the open but fell at the close finishing the session up 36 points as it trades within side its consolidation range. Futures – DOW is called up 50 points, FTSE is called up 45 points. Oil is trading at $81.10 a barrel and gold at $729.5. 

The DOW fell at the open but recovered during the day to close the session up 19 points as it continues to trade within its consolidation at the highs. The S&P closed flat and the NASDAQ added 15 points. The FTSE, writes Greg Secker, 100 fell 69 points and the FTSE 250 fell 187 points. Futures – DOW is called up 20 points, FTSE is called 12 points. Oil is trading at $79.90 a barrel and gold at $732.5. 

The DOW fell 61 points yesterday as it continues to trade within its consolidation range at the highs, watch for a break of this range for direction. The S&P fell 8 points and the NASDAQ tried to push higher from its range but ended the day down 3 points. The FTSE, writes Greg Secker, 100 added 9 points as it continues to consolidate at the highs. Futures – DOW is called down 15 points, FTSE is called down 20 points. Oil is trading at $80.50 a barrel and gold at $728.5 

The DOW closed down 48 points yesterday as it consolidates at the highs following the rally of the last few days. The S&P fell 10 points and the NASDAQ fell 12 points. The FTSE, writes Greg Secker, 100 fell back 31 points to the 6400 level where it consolidated for the day. Futures – DOW is called flat, FTSE is called down 5 points. Oil is trading at new highs at $83.30 a barrel and gold trading at new 16 month highs at $736.70. 

The DOW traded higher at the open and consolidated during the day around the 13500 level until the ½ point interest rate cut announcement causing the DOW to surge through this level and close the session up 335 points, the biggest one day move for some time. The DOW closed the session at 13739 above the old resistance level of 13700. The S&P broke out of its consolidation and through the 1500 level to close up 43 points at 1519. The NASDAQ added 70 points and set a new high in the current up trend. The FTSE, writes Greg Secker, 100 added 100 points after the banks received some news from the Bank of England to help confidence. But the FTSE 250 only added 57 points. Futures – DOW is called up 15 points, FTSE is called up 95 points. Oil is trade at new highs at $82.10 a barrel and gold is trading at a 16 month high at $725. With the large gap up expected at the open will be holding off any new pre market trades. 

The DOW fell at the open and traded in a tight range for the rest of the session as it consolidates below 13500 finishing the day down 39 points. The S&P closed down 7 points as it consolidates above the 50 ema. The NASDAQ fell 20 as it also consolidates above the 50 ema. The FTSE, writes Greg Secker, 100 continued its sell off ending the session down 106 points. The FTSE, writes Greg Secker, 250 gapped lower at the open and ended the session down 208 points. Futures – the DOW is called down 40 points, FTSE is called up 5 points. Oil is trading at new highs at $81.15 a barrel, gold is trading at $716.5. 

The DOW gapped lower at the open on Friday but recovered to close the session up 17 points as it builds out its consolidation below the 13500 level. The S&P also recovered from it opening losses to finish the session level. The NASDAQ gapped lower down to the 20 & 50 ema’s but rallied to close the day up 1 point. The FTSE, writes Greg Secker, 100 fell hard during the morning on Friday following the news from Northern Rock, at one stage was down 250 points, but put in a rally to the close to finish down 74 points. The FTSE, writes Greg Secker, 250 ended the session down 218 points. Futures – DOW is called down 30, FTSE is called down 15. Oil has pulled back from the highs and is trading at $78.70 a barrel and gold is trading at $711.

The DOW trades higher at the opens and added to the gains during the session to close up 133 and above it 50 ema, the next important level the DOW needs to break is the 13500 level which provided some resistance last week. The S&P 500 added 12 points and has also closed above its 50 ema. The NASDAQ gapped higher at the open but traded sideways for the rest of the session as it builds out its consolidation closing the session up 9 points. The FTSE, writes Greg Secker, 100 added 57 points and has closed above the 50 and 200 ema’s watch for a break or bounce at the 6400 level. But the FTSE 250 failed to follow the blue chip stocks as it gapped down at the open and closed the session down 47 points below its 50 and 200 ema’s. Futures – DOW is called down 8 points, FTSE is called 35 points. Oil has pulled back from its highs and is trading at $79.65 and gold at $706.