Greg Secker – Global Market Update

The DOW fell back to the 12800 level yesterday where it found some support to end the session down 39 points. The S&P fell 5 points and the NASDAQ closed up 1 point. The FTSE, writes Greg Secker, 100 traded higher at the open but soon turned to trade lower for the rest of the session where it put in a bounce late in the day to close the day down 1 point and still below the 6100 level. Futures – the DOW is up 10 points , the FTSE is down 10 points. Oil is trading at $115.57 a barrel and gold at $874.

The DOW traded in a tight trading range yesterday ending the session down 20 points. The S&P500 broke the 1400 level but could not hold on to the gains ending down 1 point, the NASDAQ closed up 1 point. The FTSE, writes Greg Secker, 100 broke the 6100 level in the morning but drifted lower during the session to close down 1 point and back below the 6100 level. Futures – DOW is called flat, FTSE is called up 5 points. Oil is trading at $118.48 a barrel and gold at $893.

The DOW closed Friday at the highs of the session up 42 points on the day. The S&P 500 closed up 9 points but still below the 1400 level, while the NASDAQ closed down 6 points. The FTSE, writes Greg Secker, 100 opened higher and traded sideways for the rest of the session ending up 40 points just under the 6100 level and 200 ema. Futures – DOW is called down 10 points, FTSE is called up 35 points. Oil has traded at new record highs overnight and is currently trading at $119.37 a barrel and gold at $895.30.

The DOW pushed higher at the open but again found some resistance from the 12,800 level falling back to close the session up 43 points. The S&P added 4 points, the NASDAQ added 28 points. The FTSE, writes Greg Secker, 100 ended the session up 49 points just under the 6100 resistance level, watch this level for a break or bounce. Futures – DOW is called down 40 points, FTSE is called down 25 points. Oil is trading at $118 a barrel and gold at $906.90

The DOW falls back below the 12,800 level ending the session down 104 points at 12,720. The S&P closed down 12 points and the NASDAQ fell 31 points. The FTSE, writes Greg Secker, 100 gapped lower at the open and traded sideways for the rest of the session ending the day down 18 points. Futures – DOW is called up 20 points, FTSE is called down 10 points. Oil has trading at new record highs over night and is currently trading at $118.18 a barrel and gold is trading at $922. Also keep an eye on the EURUSD as it consolidates below the 1.6000 level.

The DOW closed the session up 1 point as it consolidates under the trend line after the big move on Wednesday. The S&P closed flat and the NASDAQ fell 8 points. The FTSE, writes Greg Secker, 100 pushed higher at the open breaking through the level of resistance but could not hold on to the gains and fell for the rest of the session ending the day down 65 points and below the 6000 level. Futures – DOW is called up 35 and the FTSE is called up 20 points. Oil is trading at $115.09 a barrel and gold at $948.

The DOW continues to build out the consolidation ending the session up 60 points. The S&P added 6 points and the NASDAQ closed up 10 points. The FTSE, writes Greg Secker, 100 gapped higher at the open and held on to the gains to end the day up 75 points. With a bounce off the current trend line we could see the FTSE testing the 6000 level again in the next few days. Futures – DOW is called up 45 points, FTES is called up 55 points. Oil is has traded at new highs again and is currently trading at $113.60 a barrel and gold at $928.80.

The DOW had a quiet trading session yesterday ending the day down 23 points as it form a new consolidation at the lows of the recent move. The S&P fell 4 points and the NASDAQ closed 14 points lower. The FTSE, writes Greg Secker, 100 gapped lower at the open and traded sideways for the rest of the session ending the day down 63 points. Futures – DOW is called up 30 points, FTSE is called up 30 points. Oil traded at a new high overnight and is currently trading at $112.30 a barrel, Gold is trading at $932.50.

The DOW fell the most in the last 3 weeks on Friday ending the session down 256 points following lower than expected results from General Electrics, we now have the break out of the channel that we have been waiting for to get some direction. The S&P fell 27 points, the NASDAQ fell 61 points. The FTSE, writes Greg Secker, 100 traded higher in the morning but could not break through the 6015 level and following the news from GE traded lower for the rest of the session ending the day down 69 points. Futures – DOW is called down 10 points, FTSE is called down 45 points. Oil is trading at $109.50 a barrel and gold at $919.

The DOW pushed higher at the open off the 12,500 level, running in to some resistance at the 12,650 level ending the session up 54 points. We are still watching the pattern forming for a breakout for the next direction. The S&P added 6 points, the NASDAQ added 29 points. The FTSE, writes Greg Secker, 100 traded lower for most of the session but put in a strong rally to the closed to finish the day down 18 points, leaving a bullish low test bar on the chart. Futures – DOW is called up 40 points, FTSE is called up 30 points. Oil is trading at $109.65 a barrel and gold at $925.