With Wall Street closed yesterday the FTSE traded within a 50 point range for most of the day and closed up 73 points at 4,226. Today look for early volatility coupled with, later in the session, end of week position profit taking along with component news being the catalysts for any decisive directional movement. Oil [...]

The FTSE finished yesterday’s activity down by 18 points hiding the 100 point drop from the early high on the break of the news releases and the painful struggle to drag itself up from that and subsequent lows to a close of 4,152. Over recent days the index has started to form a double bottom, [...]

Yesterday, notes Mr Secker, the FTSE closed up 18 points at 4,171 which belies the volatility of the session. Today with United Kingdom GDP, Import, Export, Private Consumption and Government Spending figures out at 9.30 am look for another day of choppy movement with little decisive direction unless the news breaks here and in [...]

Yesterday, notes Mr Secker, the FTSE closed up 372 points at 4,153 due to a variety of factors, but largely because of the Dow ‘s post session surge on Friday, followed by pre-release rumours regarding the pre-budget report, followed by the pre-market open of Monday’s Dow session which saw that index rise, and then [...]

Friday’s close on the FTSE saw another 94 points wiped off the index to finish at 3,780 the Dow’s late rally in the last hour of its trading session indicates that the FTSE will find early strength but with little news out and even then, only of low impact, look to component news for the [...]

Yesterday, notes Mr Secker, the FTSE lost 130 points to close down at 3,874 at its lowest level for five and a half years. Today look for continued volatility towards the end of the session and week given there is no major market moving news releases coupled with the usual end of week position [...]

Yesterday, notes Mr Secker, the FTSE lost 202 points to close down at 4,005, The Bank of England minutes release had little effect as nothing that wasn’t already suspected, was revealed or indicated. A further cut in rates is likely, come the 4th of December. Today with Retail Sales figures out at 9.30 am [...]

Yesterday, notes Mr Secker, the FTSE closed up 76 points at 4,208 having started with continued weakness from the day before the index then lifted in the last three hours of the session in a 140 point rally. Today only the bank of England minutes, out at 9.30 am, offer any UK news led [...]

The FTSE closed down 100 points at 4,132 yesterday, basically trailing down with some initial directional indecision granted by the Dow’s movements from the open the index then traded sideways to an oscillation in the last two hours of the session. Today with Consumer Price Index reports along with the Retail Price Index Figures released [...]

Friday’s close saw the FTSE gain 63 points to finish at 4,233. Today with no major market moving news out today look to component news for the directional influence. The Dow traded down from the open on Friday, having reached the 8,500 level, the index then rallied back to 8,900 resistance, only to fail to [...]