Yesterday, notes Mr Secker, the FTSE 100 closed up 53 points to close at 4,294. The index gained more than 50 points during the day through an ascending triangle on the 5-min chart, with most of the gains occurring shortly after Wall Street opened. The Dow closed yesterday up 90 points at 8,529. The [...]

On Friday the FTSE 100 closed down 12 points at 4,241. On Friday the Dow fell 34.01 points (0.4 %) to 8,438.39. The S&P 500 index fell 1.36 (0.2%) to 918.90. Technology stocks did a little better so the Nasdaq rose 8.68 (0.5%) to 1,838.22 led by Palm Inc the smart phone maker. The US [...]

Yesterday, notes Mr Secker, the FTSE 100 closed down 27 points at 4,252 continuing the uncertain week. A mild support level is forming at 4,420, and resistance is being encountered at 4,300. It will be interesting to see if this level of resistance holds because it has proved to be a good level of [...]

Yesterday, notes Mr Secker, the FTSE 100 closed down just 4 points at 4,230 and forming a High-Test bar. Yesterday, notes Mr Secker, the Dow Jones fell 16.10 points (or 0.2%) to 8,322.91. The Standard & Poor’s 500 index rose 2.06 (0.2%), to 895.10, and the Nasdaq fell 1.27 points (0.1 percent) to [...]

On Friday the FTSE 100 closed up 66 points at 4,345. Positive news from the Mining Sector buoyed the index. More good news was released over the weekend so the FTSE may rally today. On Friday the Dow Jones fell 15.87 (0.2 %) to 8,539.73, with just over half of its 30 stocks posting losses. [...]

Yesterday, notes Mr Secker, the FTSE 100 closed down 50 points at 4,279 following a heavy day of selling in the mining sector. The Dow closed 108 points at 8,505 gaining support from 8,500. In Forex news there is another busy day in a busy week: A new Libor Rate in Switzerland at 8:30am, [...]

Yesterday, notes Mr Secker, the FTSE 100 closed up just 2.5 points at 4,328 and is now looking to test the support levels around 4,300 and the 50ema. The Dow closed down 108 points at 8.504 following heavy falls on Monday. Futures are pointing to a higher open on Wall Street, so it could [...]

Yesterday, notes Mr Secker, the FTSE 100 closed down 115 points (2.61%) at 4,326, and the DAX fell 179 points (3.54%) to close at 4,889. All the other major global indices also fell during the heavy selling session as bad economic news was released in the US. The Dow Jones industrials fell 187 points [...]

On Friday the FTSE 100 closed down 19 points (0.45%) at 4,442 marking the end of another mixed week. The index is slowly snaking its way up towards 4,500 and the level of resistance at 4,520, and is gaining support from the 20ema. On Friday the Dow Jones rose a modest 28 points (0.3%), to [...]

Yesterday, notes Mr Secker, the FTSE 100 closed up 25 points (0.57%) at 4,461. The Dow Jones rose 31.90 (0.37%) to 8,770.92. The S&P 500 rose 5.73 (0.61%) to 944.88, while the Nasdaq rose 9.29 (0.50%) to 1,862.37. It’s a relatively quiet Friday this time. How will the greenback close the week? ECB President [...]