Yesterday, notes Mr Secker, the Dow Jones fell sharply and broke through 11,200, then sank to test the 11,100 level, however the index found strength and reversed to rally into the close up 165 points. With the fifty ema resting at around the 11,500 level, a break above this and then sustained movement will be [...]

With a 38 point gain the Dow Jones closed at 11,268 yesterday after opening with early weakness and then ranging into a consolidation, without clear direction, throughout the session. Look to the 11,200 to 11,400 range for early breakouts to indicate direction today. Moves around 1.30 pm British Summer Time, as The US Trade Balance [...]

The Dow Jones reversed the previous day’s gains to finish 280 points down at 11,230, having lost 345 points from the session highs around the 50 ema resistance level.  Today at noon British Summer Time the Mortgage Applications report is released and with such focus on Freddie Mac and Fannie Mae over the past three [...]

The Dow Jones finished with a gain of 290 points at 11,510 and having tested the 50 ema after a massive burst of early strength. The index then proceeded to pull back and rally to the close. With little scheduled news out today, price action will look to further reaction to the past three day’s [...]

The Dow Jones opened by falling to within 35 points of the 11,000 level and then rallied over 200 points until its close, to finish with a 33 point gain at 11,221. This week a new channel could form between the 11,000 and 11,450 levels and should the price action move decisively outside this range [...]

The Dow Jones fell sharply yesterday from the open and closed down 345 points lower at 11,188. Today with the Non Farm Payroll announcement at 1.30 pm (British Summer Time) and with expectation of further weakening of the employment situation in America, adding further pressure to interest rates, coupled with end of the week position [...]

Yesterday, notes Mr Secker, the Dow Jones finished up just 15 points at 11,532 having travelled sideways in a range just over 150 points. The index has a host of economic indicators reported today and these start at 1.15 pm, with the bulk at 1.30 pm, British Summer Time, so look for a break [...]

The Dow Jones closed a mere 26 points down on the previous day’s close belying the massive high test effort covering 320 points from high to low during the day. Today look for further volatility with the continued uncertainty caused by the hurricane season although the gulf rigs seem to have been spared the worst [...]

As the August doldrums ended, September has had a very muted start from the blocks with the American markets closed for Labour day but with the promise of heightened volatility due to Gustav and Hannah – no not new names for American mortgage bail out companies but the seventh and eighth efforts from the Atlantic [...]

The Dow opened Friday with early weakness through the 11,650 level and proceeded to drop throughout the session. The index closed the day with a loss of 171 points and could be headed back toward the 11,400 level. The Dow has essentially been rejected at the 11,700 level for the second time in three weeks, [...]