Greg Secker – Global Market Update

After a 600 point run in the last two days the DOW paused yesterday closing the session up 22 points as it starts to build a consolidation at the high of the recent rally. The S&P closed flat on the day as it consolidates below the 200 ema. The NASDAQ added 5 points closing just under the 50 ema. The FTSE, writes Greg Secker, 100 gapped higher at the open but the 200 and 50 ema just above looks to be offering some resistance. Watch the 6400 level which has proved to be an important line of support/resistance so far this year. Futures – the DOW is called up 45 points, FTSE is called up 15 points. Oil is trading at $91.06 a barrel and gold at $801.90. 

The DOW surged higher at the open breaking out through the upper trend line and the 13,000 level, ending the session up 331 points. The S&P has found support on its long term up trend line, added 40 points in the session, as it also broke out of its upper trend line. The NASDAQ gapped higher and added 82 points at the close. The FTSE, writes Greg Secker, 100 added 165 points as it closed above the current trend line and is forming a double bottom. Futures – DOW is called down 20 points, FTSE is called up 25 points. Oil is trading at $92.20 a barrel and gold at $813.40. 

The DOW rallied off the lows at the open ending the day up 214 points. Watch the big number at 13,000 for a break or pull back. The S&P added 21 points, the NASDAQ added 39, but is still trading below the 200 ema. The FTSE, writes Greg Secker, 100 gapped lower at the open, but did put in a rally to the close finishing the session down 39 points. Futures – DOW is called down 40 points, FTSE is called flat at the open. Oil is trading at $94.00 a barrel and gold at $812.50.

The DOW traded higher at the open but soon turned to trade lower for the rest of the session finishing the day down 237 points. The S&P closed down 19 points, the NASDAQ fell 55 points. FTSE 100 gapped higher at the open but could not hold on to the gains closing down 81 points. Futures – DOW is called up 100 points, FTSE is called down 35 points. Oil is trading at $97.13 a barrel and gold at $828.30. 

All US markets closed on Thursday and today are open for ½ a day. The FTSE, writes Greg Secker, 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 Secker, 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 Secker, 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 Secker, 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 Secker, 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 Secker, 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 Secker, 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.