Yesterday, notes Mr Secker, the FTSE closed up 316 points at 4,242 and with no news out today on this side of the Atlantic look to component news and a lead from the Dow for directional movement. Be aware that the proximity to the 20 moving average has not been thus for 5 weeks [...]

The FTSE closed 73 points higher at 3,926 after a choppy day of movement, only benefiting from the Bullish sentiment being displayed on the Dow during the last hour and a half of the session. Today with a range of low to moderate financial news reports out at 9.30 and with further upward movement on [...]

The FTSE fell a modest 30 points to reach 3852 and as there is no news out today look to component news and influence from overseas markets for directional movement keeping a watchful eye for further bear activity should the Dow weaken further. In America the Dow Jones fell again yesterday by 203 points to [...]

The FTSE fell by 204 points to end the day at 3,883 with Friday’s session forming a low test bar look to the 3,700 level which if broken could signal the next sustained fall to the lows around the 3,270 level last seen in march 2003. In America the Dow ended the week at 8,378 [...]

Yesterday, notes Mr Secker, the FTSE closed up a much more sedate 47 points at 4,087. Today there is market moving news in the form of our Gross Domestic Product figures, which will be released at 9.30 am British Summer Time, so watch at this time and be aware of weekly position profit taking [...]

The Dow Jones opened with early weakness then moved within what is now, in relation to recent weeks, a tight range of 285 points to then fall almost the depth of that range in the last hour of trading to end the session down 231 points at 9,033. With the range for breakout remaining between [...]

 
The Dow Jones ranged about in early trading then meandered towards the session end closing up 413 points at 9,265. With the 9,200 level only just broken look for sustained price action above this level for upward directional indication or a break below the 8,900 level on the downside. With no major market news out [...]

The Dow Jones opened the day with early strength on Friday. Then, having rallied quietly to the 9,280 level, fell relatively sharply to the close, ending the day with a loss of 127 points at 8,852. With no major market news out today component news will lead movement so look to the break of the [...]

Yesterday, notes Mr Secker, on the Dow Jones, after further selling pressure, which saw the index fall to the 8,200 level before lunch, buying activity took hold resulting in a closing point of 8,979 up 401 points on the close of the previous day. With Housing Starts reports due out at 1.30 pm British [...]

The Dow closed down 733 points at 8,577 yesterday and with Asia stocks slumping overnight, today, a reactive bounce is less likely than continued downward movement. A fall through the 8,000 level, if sustained, could see the index tumble further towards the end of the week, and with Consumer Price Index reports out at 1.30 [...]