Yesterday, notes Mr Secker, the Dow, after an unsettled response to the break, finished around 50 points down but not before it had dropped down through the 11150 level having previously tested 11400. Today, having tested in both directions yesterday, indications suggest a calmer day, if not still confirming the overall weakness and consolidation [...]

As expected Friday’s trading on the Dow Jones, with the exchange shut, was quiet, yet still managed a 50 point drop, with both the S&P and NASDAQ trailing downward to close lower on the day. A less volatile week than the previous two, ending over 110 points down on the week’s open. Today after a [...]

Yesterday, notes Mr Secker, as expected the Dow Jones reacted strongly to the Nonfarm payroll announcement dropping over 150 points at the break of the news to then reverse and pass back up and beyond the 11300 level where it oscillated to close around 60 points up from the day’s open. Today the market [...]

Yesterday, notes Mr Secker, the Dow Jones fell steeply in the second half of trading in reaction to poor employment figures, and ended testing the 11200 resistance. Today is a premature end to the week due to America’s Birthday celebrations tomorrow and with the Non Farm Payroll and Manufacturing Payroll announcements due out at [...]