Yesterday, notes Mr Secker, we saw further falls on the FTSE and closed down 60 points at 4,121 with resistance at 4,200 not allowing the index to rally. There is now clear air down to 4,000, and we may see a fall back to the lows around 3,700. The Dow opened the day with [...]

The FTSE 100 closed down 27 points yesterday at 4,399 and in the process formed a low test bar down to 4,321. A large amount of intra-day volatility could be seen as the index looked directionless during the morning and in the approaches to the US open in the early afternoon. More negative news about [...]

FTSE closed down 22 points yesterday at 4,426. We are watching with a great deal of interest to see if the index finds support at 4,420 and rallies for the rest of the week. Last night business leaders painted a bleak picture of the economy, with a survey from the Chambers of Commerce suggesting a [...]

On Friday the FTSE 100 closed down 64 points at 4,448 and may be entering a range between 4,423 and 4,660. We are watching this with a great deal of interest because the resistance level is the break of the double bottom and the support level in near the 50ema. When the UKX is in [...]

The FTSE 100 closed down just 2 points yesterday on an interesting day of announcements. The Interest Rate is now at 1.5%, the lowest level in the Banks 315 year history. The double bottom is still unconfirmed as the price action falls away from the 4,650 level. Today will be interesting with Non-Farm Payroll. The [...]

FTSE 100 closed down 131 points yesterday at 4,507. In an interesting news release the Government has denied reports that it’s considering printing more money as a tactic to tackle the credit crunch. Treasury sources said that while the move has not been ruled out, it is not currently on the agenda. The Bank of [...]

Yesterday, notes Mr Secker, the FTSE 100 continued to pushed forward and set a high of 4,675, before falling slightly to close at 4,638. These times between the 50 ema and 200 ema are always interesting, and we watch with anticipation to see if we can break up through the 200 ema or fall [...]