The Dow Jones finished the day a massive 778 points down with its biggest point drop ever at the news that the House of Representatives rejected the $700 billion plan to rescue their financial system. Resting at 10,365, the index will start the day today with possibility of further slides indicated. Later with US Consumer [...]

The Dow Jones ended the day on Friday, up 121 points at 11,143 after a late rally to end the week. Look to the break of 11,200 and 10,900 for early direction. With only low to moderate strength news out today look to further consolidation of the rescue plan for positive market movement. The FTSE, [...]

The Dow Jones closed 29 points down at 10825 having traded sideways throughout the session and spent its time consolidating as it continues to digest the recent upheaval. Today watch for a breakdown below the 10,650 level again, for confirmation of the continued recent slide back to the trend that was forming before the madness [...]

The Dow Jones consolidated early in the day fallowed by selling which was reversed and then retraced to finish down 161 points at 10,854. With only low level market moving news out today reporting U.S. mortgage figures, look to the 10,800 level for early direction and if the downside is breached and held look to [...]

The Bullish euphoria of Friday seems to have disappeared with the Dow closing down 373 points at 11,015 having tested the recent support and resistance level of 11,000. Further testing of this level is likely to occur with firm movement downward set to continue as the wider implications of what the bailout plan is not [...]

 
The Dow Jones closed Friday with a gain of 369 points at 11,388. With the suspension of short selling of 799 financial stocks and details of the massive federal government bailout became clear, Friday’s upward movement seems most likely to be continued. However caution must be applied, as this ban is only in place until [...]

Yesterday, notes Mr Secker, the Dow Jones continued major movement downwards ending the day with a huge loss of 449 at 10,609. Today look to the break of the 10,500 level for further decisive downward movement. Scheduled news releases have been so overshadowed in recent days that the few reports due out today, in [...]

Another spate of heavy selling started the session for the Dow Jones yesterday and having tested the low of 10,742 the index rallied and closed higher at 11059. The day’s low had not been reached since July 2006. Today, look to breakouts of above 11,300 and below 10,700 levels for further decisive movement. With the [...]

Well what a day we had on the markets yesterday!  Following the announcement of Lehman’s move into Chapter 11 and the follow-up of the Merrill Lynch buyout I think it was fair to say that we expected a fair amount of carnage in the market.  And that’s exactly what we got!
 
So yesterday few markets [...]

Last week the Dow Jones opened Friday with early weakness, as the index dropped sharply from Thursday’s close. The index then rallied from the low, closing the day at 11,422. Today with only one piece of major news regarding manufacturing to tease the market there is little until tomorrow to indicate that decisive directional movement [...]