Greg Secker – Global Market Update

The DOW continued to trade lower on Friday following the channel down, ending the session down 86 points. The S&P fell 10 points and the NASDAQ closed down 19 points. The FTSE, writes Greg Secker, 100 traded higher during the morning but turned to end the day down 24 points. Futures – DOW is called up 20 points, FTSE is called down 30 points. Oil is trading at $105 a barrel and gold at $937.30.

The DOW started the session with a push higher off the 12400 level but turned during the session to close down 120 points on the 12300 level. The S&P closed down 15 points and the NASDAQ fell 43 points. The FTSE, writes Greg Secker, 100 pushed higher at the open ending the session up 57 points. Futures – DOW is called up 65 points, FTSE is called down 5 points. Oil is trading at $106.80 a barrel and gold is trading at $950.40. 

The DOW traded lower at the open falling down to the 12,400 level where it found support for the rest of the session ending the day down 109 points. The S&P closed down 11 points and the NASDAQ fell 16 points. The FTSE, writes Greg Secker, 100 had a quiet sideways trading day ending the session down 28 points. Futures – DOW is called down 35 points, FTSE is called down 20 points. Oil is trading at $106 a barrel and gold at $956.70.

The DOW had a quiet trading session yesterday ending the day down 16 points. The S&P added 3 points and the NASDAQ closed the day up 14 points. The FTSE, writes Greg Secker, 100 gapped higher at the open and ran into the 20 ema and the 5700 level which acted as resistance during the session, closing the day up 193 points. Futures – DOW is called down 45 points, FTSE is called down 30 points. Oil is trading at $101.70 a barrel and gold at $939.50.

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The DOW closed up 261 points on Thursday and trading on Monday saw the rally continue ending the day up 187 points and back above the 50 ema. The S&P added 20 points and the NASDAQ added 68 points on Monday. The FTSE, writes Greg Secker, 100 closed Thursday down 50 points mainly due to the mining stocks. Futures – DOW is called up 10 points, FTSE has a days trading to catch up is called up 125 points. Oil is trading at $100 a barrel and gold at $926

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The DOW pushed higher at the open trading above the 12400 level but soon reversed and then fell for the rest of the session ending the down with a massive 292 point loss and down below the 12100 level. The S&P fell 32 points and the NASDAQ closed down 58 points. The FTSE, writes Greg Secker, 100 gapped higher at the open but could not hold on to these gains and ended the day down 60 points. Futures – DOW is called flat, FTSE is called down 80 points. Oil is trading at $102 a barrel and gold had a substantial pull back yesterday and is currently trading at $938. 

The DOW gapped higher at the open and pushed higher during the session before volatility took hold after the Fed cut the interest rates by 0.75% causing the DOW to fall back to the 12100 level where is bounced some 300 points to close just under the 12,400 level ending the session up 420 points. The S&P added 54 points and the NASDAQ added 91 points. The FTSE, writes Greg Secker, 100 gapped higher at the open and continued to trade higher throughout the session ending the day up 191 points. Futures – DOW is called down 20, FTSE is called up 30 points. Oil is trading at $108 a barrel and gold at $990.

The DOW had a large ranging day yesterday as it moved up and down within a 200 point range before putting in a 300 point rally off the lows to close the session up 21 points. The S&P closed down 11 points and the NASDAQ fell 35 points. The FTSE, writes Greg Secker, 100 had a large gap down at the open and ended the session at the lows of the day with a loss of 217 points on the day. Futures – DOW is called up 70 points, FTSE is called up 90 points. Oil has pulled back from the highs and is currently trading at $106 a barrel and gold is trading at £1001. 

The DOW opened the session higher on Friday but ran into resistance at the 12200 level and following the Bear Sterns news the markets turned and fell some 350 points in less then 30 minuets, where the DOW continued to trade at the lows for the rest of the session down 194 points. The S&P closed down 27 points and the NASDAQ closed 51 points lower. The FTSE, writes Greg Secker, 100 was trading higher during the morning and was up 100 points before the market changed direction and ended the session down 60 points. Following the US Fed cutting the discount lending rate by 0.25% over the weekend the DOW futures are called down 160 points and the FTSE futures are called down 95 points. Oil is trading at new highs at $111.00 a barrel and gold breaking through the $1000 level and is currently trading at $1025.20 

The DOW pushed higher at the open but ran into some resistance at the 12,300 level where it turned and fell to the close to end the session down 46 points. The S&P closed down 11 points, NASDAQ fell 11 points, and all of the indices have left us with a high test reversal bar for Wednesday. The FTSE, writes Greg Secker, 100 jumped at the open but could not hold on to all of the gains falling back to close the session up 86 points. Futures – DOW is called down 120 points, FTSE is called down 100 points. Oil is still push to new highs and is currently trading at $109.57 a barrel, gold is trading at $987.10