The Dow opened yesterday with early strength, but was immediately sold to below the 11,600 level. The index dropped back toward the 11,400 level, but eventually rallied strongly towards the Close, ending the day 186 point up. There are indications that if the breakout occurs at either the top of 11,700 of the low of [...]

Good morning on Monday the 28th of July 2008, only a year ago the Dow was fighting with a support/resistance level of 13,700 and Oil was trading at $73.40 a barrel. Today The market will proceed from an end point of 11,370 after a very sideways day with a gain of only 21 points and [...]

Further to warning indications highlighted in previous editions The Dow opened the day with early weakness, the result being heavy selling that lasted throughout the day ending in a loss of 283 points. The possibility of the Dow testing below a 11,200 with more weakness potential is now looking likely. The NASDAQ and the S&P [...]

Proving the underlying continued weakness of the American markets the Dow Jones flirted with an upward movement above the 11,500 level but then the index fell back towards 11,400 ending the day with a loss of 29 points. Today opening weakness is indicated followed by more indecisive movement. Watch Upper and lower levels around the [...]

Closing with a 50 point gain on Friday, the Dow traded in a progressively sideways movement whilst testing the 11,500 level. For major direction indication this is the key level to monitor at this time. The beginning of the week will see further oscillation unless firm direction can be established; indications are that this is [...]

Yesterday, notes Mr Secker, the Dow Jones opened up more than 100 points then immediately began to fall. Trading in the afternoon around the 11,050 and closing the day at 11,051, overall the index ended down 45 points in a relatively muted session. Today with more potential fuel for the Bears in the guise [...]

Closing 128 points down belied the Dow’s volatility during the session seeing it map out over 600 points having opened the day down more than 150 points.  Support that was found at 11,000 saw a quick rally carrying the index into a positive level but that was reversed in the final hour of trading. This [...]

August 2006 was the last time we saw the Dow Jones industrial average reach this low and then it was passing through that point forging upward. So having opened slightly up on the previous day’s close the day ended over 80 points higher by the session end. The release of the Bank of England interest [...]

With a slight opening rise on the close of the day before the Dow gave in to the weakness that has been the hallmark of recent trading. With only five closes beating the open in the last four weeks, the drop of 236 points by the finish of the session further fuelled speculation of a [...]

Yesterday, notes Mr Secker, the Dow moved to end 150 points up on the day, the suggested blip during the afternoon materialised in a 40 point move in 2 minutes, to be immediately reversed, on the back of news that Pending Homes Sales in the US was down by nearly 5% (nearly 60% lower [...]