Monday 1st December – Daily Stock Market review
FTSE 100
Today’s trade level = 4185 down
Today’s profit/loss = 115 points
The FTSE opened lower and carried on falling right to the end of trade. Gloomy news about factory output and a fall in mortgage approvals caused profit taking from last weeks impressive rally. The FTSE closed down at 4065. My trade level was triggered at 4185 this morning, and I closed my position just before the close of trade for a nice profit of 115 points. The FTSE closed at a level where it bounced off from twice last week, hence why I sold, and we may see a bounce over the next couple of days. If the FTSE falls, we could see it hitting the lows of 3800 it hit two weeks ago. My trade level for tomorrow is 4210 up with 65 point stops.
London Brent Oil
Today’s trade level = $53.39 down
Today’s profit/loss = 0 points
Oil opened hugely lower this morning, way below our trade level of $53.39, so unfortunately this trade was not triggered. OPEC held an informal meeting over the weekend, but did not announce any production cuts. The markets responded to this news with a huge fall today, closing about 12% down at $48.06. My trade level for tomorrow is $52.25 up with 120 point stops.
Dow Jones
Today’s trade level = 8602
Today’s profit/loss = 450
The Dow followed Asian and European markets and fell today, especially in the last couple of hours of trading, closing down over 7% at 8149. The large fall was due to confirmation of recession in the US. My trade level of 8602 was triggered at the beginning of the session, and the market just kept falling. I closed my position just before the close of trade for a profit of 450 points. After such a large fall we may see a bounce of some sort tomorrow. My trade level for tomorrow is 8557, but I doubt this will be triggered as the market is so far away from this level.
Monday 1 December 2008
Friday 28 November 2008
Friday 28th November – Daily Stock Market review
GDAX
The GDAX open with strength, but then fell, triggering my trade at 4607. Unfortunately, the GDAX rose again, stopping me out for a loss of 65 points. My trade level for Monday is 4610. As of next Monday, I will switch my trading from the German GDAX to the British FTSE 100.
Total points captured this week = 215
Oil
Oil fell for most of the day, and my trade was triggered at $51.52. After falling as low as $50.80, oil rose with a huge rally, stopping me out for a loss of 120 points and closing up at $54.75. My trade level for Monday is £53.39.
Total points captured this week = -182
Dow Jones
The Dow closed up today at 8829. It was a short session today. I had no trades triggered. My trade levels for Monday are 8602 with a 120 point stop.
Total points captured this week = 30
GDAX
The GDAX open with strength, but then fell, triggering my trade at 4607. Unfortunately, the GDAX rose again, stopping me out for a loss of 65 points. My trade level for Monday is 4610. As of next Monday, I will switch my trading from the German GDAX to the British FTSE 100.
Total points captured this week = 215
Oil
Oil fell for most of the day, and my trade was triggered at $51.52. After falling as low as $50.80, oil rose with a huge rally, stopping me out for a loss of 120 points and closing up at $54.75. My trade level for Monday is £53.39.
Total points captured this week = -182
Dow Jones
The Dow closed up today at 8829. It was a short session today. I had no trades triggered. My trade levels for Monday are 8602 with a 120 point stop.
Total points captured this week = 30
Thursday 27 November 2008
Thursday 27th November – Daily Stock Market review
GDAX
The GDAX opened with strength and never looked back, closing up at 4665. I had no trades triggered today. My trade levels for tomorrow are 4607 down with 35 point stops.
Oil
Oil traded in a narrow range today, between $52.50 and $53.86. No trades were triggered. My trade levels for tomorrow are $51.52 down with 120 point stops.
Dow Jones
Markets in the US were closed today for the Thanks Giving public holiday. My trade level for tomorrow is 8538 down with 120 point stops.
GDAX
The GDAX opened with strength and never looked back, closing up at 4665. I had no trades triggered today. My trade levels for tomorrow are 4607 down with 35 point stops.
Oil
Oil traded in a narrow range today, between $52.50 and $53.86. No trades were triggered. My trade levels for tomorrow are $51.52 down with 120 point stops.
Dow Jones
Markets in the US were closed today for the Thanks Giving public holiday. My trade level for tomorrow is 8538 down with 120 point stops.
Wednesday 26 November 2008
Wednesday 26th November – Daily Stock Market review
GDAX
The GDAX opened with weakness, found strength, fell back and then rose again, closing at 4560, exactly the same as yesterday’s close. No trades were triggered today. The GDAX is holding at levels where it has fallen back from in the past, and so is at a decisive point. My trade levels for tomorrow are 4431 and 4269 down. If the GDAX rises above 4645, I will have a trade level for a fall at 4592.
Oil
Oil rose today, triggering my trade level at $51.70. It rose, so I moved my stops up to cover my position. Oil then fell, closing me out for a break even trade. I entered short at $51.70, and oil fell back to $50.42. I moved my stop down to $52.45. Oil then rose again stopping me out for a loss of 82 points. Oil rose, and I moved my stops to $51.70, and oil fell again, stopping me out for a loss of 82 points. Oil finished up higher at $53.61. It has been turned away from this level before over the past three sessions, so it is at a decisive point. My trade levels for tomorrow are $51.16 and $48.76 down. If oil rises above $54.36, I will set up a short trade for $53.56.
Dow Jones
The Dow opened with weakness, falling down to 8311, but is was up all day from then on. My trade was triggered at 8632, and the Dow closed at 8726. I closed my position just before the close for a profit of 85 points. The Dow, like the GDAX and oil, is at a point where it my fall back from. We have seen a huge rise over the past four sessions, so it would not be surprising if there was a pull back, but the markets also seem to have a lot of momentum behind them, a move either way could prove to be quite large. My trade levels for tomorrow are 8538, 8318 and 8099, all down.
GDAX
The GDAX opened with weakness, found strength, fell back and then rose again, closing at 4560, exactly the same as yesterday’s close. No trades were triggered today. The GDAX is holding at levels where it has fallen back from in the past, and so is at a decisive point. My trade levels for tomorrow are 4431 and 4269 down. If the GDAX rises above 4645, I will have a trade level for a fall at 4592.
Oil
Oil rose today, triggering my trade level at $51.70. It rose, so I moved my stops up to cover my position. Oil then fell, closing me out for a break even trade. I entered short at $51.70, and oil fell back to $50.42. I moved my stop down to $52.45. Oil then rose again stopping me out for a loss of 82 points. Oil rose, and I moved my stops to $51.70, and oil fell again, stopping me out for a loss of 82 points. Oil finished up higher at $53.61. It has been turned away from this level before over the past three sessions, so it is at a decisive point. My trade levels for tomorrow are $51.16 and $48.76 down. If oil rises above $54.36, I will set up a short trade for $53.56.
Dow Jones
The Dow opened with weakness, falling down to 8311, but is was up all day from then on. My trade was triggered at 8632, and the Dow closed at 8726. I closed my position just before the close for a profit of 85 points. The Dow, like the GDAX and oil, is at a point where it my fall back from. We have seen a huge rise over the past four sessions, so it would not be surprising if there was a pull back, but the markets also seem to have a lot of momentum behind them, a move either way could prove to be quite large. My trade levels for tomorrow are 8538, 8318 and 8099, all down.
Tuesday 25 November 2008
Tuesday 25th November – Daily Stock Market review
GDAX
The GDAX open with weakness today after yesterday’s huge strength, but as the session progressed, the GDAX rose on news the US Federal Reserve is to buy mortgage assets from some troubled US financial institutions, and then fell back slightly. On the day, the GDAX closed up just 6 points at 5460. I had no trades triggered today. My trade levels for tomorrow are 4402, 4231 and 4059 all down.
Oil
After a huge move yesterday, oil fell back sharply today. I’m glad I closed out my position at the close of yesterday’s trade. Oil closed down at $50.32. My trade levels for tomorrow are $£51.70 up, and $49.57 and $47.44 down.
Dow Jones
The Dow rose in early trade on news of the news the government plans to aid consumer lending companies, but this prompted traders to cash in on profits from a huge two day rally, sending stocks lower, but then the Dow regained strength and ended up at 8479. I am still out of the market. My trade levels for tomorrow are 8270 and 7987 down, and 8632 up.
GDAX
The GDAX open with weakness today after yesterday’s huge strength, but as the session progressed, the GDAX rose on news the US Federal Reserve is to buy mortgage assets from some troubled US financial institutions, and then fell back slightly. On the day, the GDAX closed up just 6 points at 5460. I had no trades triggered today. My trade levels for tomorrow are 4402, 4231 and 4059 all down.
Oil
After a huge move yesterday, oil fell back sharply today. I’m glad I closed out my position at the close of yesterday’s trade. Oil closed down at $50.32. My trade levels for tomorrow are $£51.70 up, and $49.57 and $47.44 down.
Dow Jones
The Dow rose in early trade on news of the news the government plans to aid consumer lending companies, but this prompted traders to cash in on profits from a huge two day rally, sending stocks lower, but then the Dow regained strength and ended up at 8479. I am still out of the market. My trade levels for tomorrow are 8270 and 7987 down, and 8632 up.
Monday 24 November 2008
Monday 24th November - Daily Stock Market review
GDAX
The GDAX opened with strength today, and never looked back. My long trade level of 4270 was triggered early, and was in profit all day. The GDAX closed at 4554, and I closed my position at this level, giving me a profit of 280 points. A great start to the week. My trade levels for tomorrow are 4270, 4159 and 4068, all down.
Oil
Oil followed global indices and posted a big rise today. I had a trade triggered at $49.88. Oil then rose up to over $51 and I moved my stop up to £49.97. Oil then fell and stop me out at no loss, and triggered my short trade at $49.97. Oil then rose again up to $50.80 stopping me out for a loss of 90 points. I went long at $50.79, but oil fell back again stopping me out for a loss of 120 points. Oil then rose for the rest of the day, making a high of $54.48. I had another long trade triggered at $52.08. Oil closed at exactly $54. I closed my trade for a profit of 192 points. I would usually hold on to the trade but oil rose over 9%, and I think we may see a pullback tomorrow. If a pullback does happen, and depending on where it closes, I will treat it as a buying opportunity. My trade levels for tomorrow are $49.93, $48.51 and $47.09 all down, but these levels are very far away after today’s large rise so I don’t expect any to be triggered.
Dow Jones
The Dow rose up to 8400 by lunch time, but fell back slightly before rising to 8599, triggering my trade at 8411. I moved my stops up to 8334. The Dow then fell in the last half hour of trade, almost stopping me out of my trade, and then closed at 8443. I closed this trade for a profit of 30 points. The Dow has been turned away from this level before, and after such large rises, 890 points in just two sessions, I’m exercising caution from further immediate rises. If a pullback does happen, and depending on where it closes, I will treat it as a buying opportunity. I will also keep an eye on the 20 day exponential average, a powerful indicator. This currently stands at 8576, and will look to trade this if it rises above it.
GDAX
The GDAX opened with strength today, and never looked back. My long trade level of 4270 was triggered early, and was in profit all day. The GDAX closed at 4554, and I closed my position at this level, giving me a profit of 280 points. A great start to the week. My trade levels for tomorrow are 4270, 4159 and 4068, all down.
Oil
Oil followed global indices and posted a big rise today. I had a trade triggered at $49.88. Oil then rose up to over $51 and I moved my stop up to £49.97. Oil then fell and stop me out at no loss, and triggered my short trade at $49.97. Oil then rose again up to $50.80 stopping me out for a loss of 90 points. I went long at $50.79, but oil fell back again stopping me out for a loss of 120 points. Oil then rose for the rest of the day, making a high of $54.48. I had another long trade triggered at $52.08. Oil closed at exactly $54. I closed my trade for a profit of 192 points. I would usually hold on to the trade but oil rose over 9%, and I think we may see a pullback tomorrow. If a pullback does happen, and depending on where it closes, I will treat it as a buying opportunity. My trade levels for tomorrow are $49.93, $48.51 and $47.09 all down, but these levels are very far away after today’s large rise so I don’t expect any to be triggered.
Dow Jones
The Dow rose up to 8400 by lunch time, but fell back slightly before rising to 8599, triggering my trade at 8411. I moved my stops up to 8334. The Dow then fell in the last half hour of trade, almost stopping me out of my trade, and then closed at 8443. I closed this trade for a profit of 30 points. The Dow has been turned away from this level before, and after such large rises, 890 points in just two sessions, I’m exercising caution from further immediate rises. If a pullback does happen, and depending on where it closes, I will treat it as a buying opportunity. I will also keep an eye on the 20 day exponential average, a powerful indicator. This currently stands at 8576, and will look to trade this if it rises above it.
Sunday 23 November 2008
Friday 21st November - Daily Stock Market review
GDAX
The GDAX showed some strength in morning trade after rises in Asian trade, but then succumbed to heavy selling pressure, especially in the final hours of trade when Wall Street had opened. The GDAX closed at 4127. The market came no where near my trade levels. My trade levels for Monday are 4270, 4378 and 4485 all up.
Oil
Oil rose today, but not by enough to trigger any trades. Oil closed at $49.19. My trade levels for Monday are $49.28, $51.21 and $52.53, all up.
Dow Jones
Another day of huge moves on Wall Street. The market showed strength, before falling back. After trading around 7600, the Dow exploded in the final hours of trading, closing up over 6% at 8046. The Dow didn’t trigger any trades. Tomorrow’s trade levels are 8046, 8411 up at 7747 down.
GDAX
The GDAX showed some strength in morning trade after rises in Asian trade, but then succumbed to heavy selling pressure, especially in the final hours of trade when Wall Street had opened. The GDAX closed at 4127. The market came no where near my trade levels. My trade levels for Monday are 4270, 4378 and 4485 all up.
Oil
Oil rose today, but not by enough to trigger any trades. Oil closed at $49.19. My trade levels for Monday are $49.28, $51.21 and $52.53, all up.
Dow Jones
Another day of huge moves on Wall Street. The market showed strength, before falling back. After trading around 7600, the Dow exploded in the final hours of trading, closing up over 6% at 8046. The Dow didn’t trigger any trades. Tomorrow’s trade levels are 8046, 8411 up at 7747 down.
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