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.
Friday 21 November 2008
Thursday 20th November – Daily Stock Market review
GDAX
After falls in Wall Street, the GDAX fell from the open, and closed at 4220. The market came no where near triggering my trade levels. My trade levels for tomorrow are 4427, 4530 and 4632. The market is very far from these levels, so I don’t expect any trades to be triggered.
Oil
Oil mirrored global indices today and fell, closing at $47.97. As with the GDAX, Oil came no where near triggering any trades. My trade levels for tomorrow are $51.65, $52.61 and $53.58, but I don’t expect any to be triggered due to the steepness of today’s fall.
Dow Jones.
The Dow had a momentous day today. After a fall and then some strength which lifted to Dow to 8187, it fell hard, closing at 7552. This is important, the Dow hasn’t been this low since 2003, and has broken crucial support at 8000. This could potentially be the beginning of a huge sell off down towards 6000. There may be a reaction rally tomorrow, but the market is looking very weak at the moment. Whilst the US bail out plan is stumbling along in Washington, traders are getting nervy. My trade levels for tomorrow are 8111, 8334 and 8556.
GDAX
After falls in Wall Street, the GDAX fell from the open, and closed at 4220. The market came no where near triggering my trade levels. My trade levels for tomorrow are 4427, 4530 and 4632. The market is very far from these levels, so I don’t expect any trades to be triggered.
Oil
Oil mirrored global indices today and fell, closing at $47.97. As with the GDAX, Oil came no where near triggering any trades. My trade levels for tomorrow are $51.65, $52.61 and $53.58, but I don’t expect any to be triggered due to the steepness of today’s fall.
Dow Jones.
The Dow had a momentous day today. After a fall and then some strength which lifted to Dow to 8187, it fell hard, closing at 7552. This is important, the Dow hasn’t been this low since 2003, and has broken crucial support at 8000. This could potentially be the beginning of a huge sell off down towards 6000. There may be a reaction rally tomorrow, but the market is looking very weak at the moment. Whilst the US bail out plan is stumbling along in Washington, traders are getting nervy. My trade levels for tomorrow are 8111, 8334 and 8556.
Wednesday 19 November 2008
Wednesday 19th November – Daily Stock Market review
GDAX
The GDAX fell today. No signs of a rally then. The market didn’t come close to my trade level of 4604, and closed down at 4354. My trade levels for tomorrow are 4479, 4575 and 4671 all up. I have no trade levels for a fall.
Oil
Oil was frustrating today. It rose up to $52.92, triggering my trade at $52.74, but oil then fell back stopping me out for a loss of 120 points. Oil closed at $51.71. My trade levels for tomorrow are $53.16 and $54.58 up, and $51.74 down.
Dow Jones
Another erratic day for Wall Street. The Dow fell, triggering my trade level at 8358, but then rose quickly, stopping me out for a loss of 120 points, and then proceeded to fall. In the last hour of trade the Dow fell 250. On the day if fell just over 5%, closing just below 8000 at 7997. The fate of the big three automotive companies played heavily on market sentiment. The Dow hit 7969 on November 13th and rebounded from this level. If the Dow falls below this level in the next couple of days, we could see a large fall over the coming weeks. My trade levels for tomorrow are 8241, 8350 and 8524 all up. I have no trade levels for a fall.
GDAX
The GDAX fell today. No signs of a rally then. The market didn’t come close to my trade level of 4604, and closed down at 4354. My trade levels for tomorrow are 4479, 4575 and 4671 all up. I have no trade levels for a fall.
Oil
Oil was frustrating today. It rose up to $52.92, triggering my trade at $52.74, but oil then fell back stopping me out for a loss of 120 points. Oil closed at $51.71. My trade levels for tomorrow are $53.16 and $54.58 up, and $51.74 down.
Dow Jones
Another erratic day for Wall Street. The Dow fell, triggering my trade level at 8358, but then rose quickly, stopping me out for a loss of 120 points, and then proceeded to fall. In the last hour of trade the Dow fell 250. On the day if fell just over 5%, closing just below 8000 at 7997. The fate of the big three automotive companies played heavily on market sentiment. The Dow hit 7969 on November 13th and rebounded from this level. If the Dow falls below this level in the next couple of days, we could see a large fall over the coming weeks. My trade levels for tomorrow are 8241, 8350 and 8524 all up. I have no trade levels for a fall.
Tuesday 18 November 2008
Tuesday 18th November – Daily Stock Market review
GDAX
The GDAX closed up by only 22 points today, a far calmer session than we’ve seen in the past few weeks. The market made an intra day high of 4607, coming close to my trade level of 4611. The market closed at 4579. I think this flat trading session could be indicative of a rally tomorrow, we shall have to see how Wall Street performs. My trade levels for tomorrow are 4604, 4704 and 4804, all up. I have no trade levels for a fall.
Oil
Oil fell today. It made an intra day high of $53.04, but closed down at $51.76. No trades were triggered. It is now incredibly a third of the price it was from its summer high, a sign of how the global downturn has affected commodity prices. My trade levels for tomorrow are $52.74, $54.53 and $56.33 all up. I have no trade levels for a fall.
Dow Jones
The Dow began the day with early strength, rising as high as 8477, but then fell, triggering my trade at 8219. It then fell to 8152 and I moved my stop down to 8233. The Dow then reversed hitting this level giving me a loss of 33 points. I then went long at 8233, but the Dow dropped to 8105, just hitting my stop, giving me another loss of 125 points. The Dow then staged an impressive late day rally, finishing up at 8424. Despite some bad news for the markets, traders appeared to be scooping up stocks at perceived bargain levels. This could possibly signal a good rally for the next couple of days. My trade levels for tomorrow are 8358 down, and 8553 and 8747 up.
GDAX
The GDAX closed up by only 22 points today, a far calmer session than we’ve seen in the past few weeks. The market made an intra day high of 4607, coming close to my trade level of 4611. The market closed at 4579. I think this flat trading session could be indicative of a rally tomorrow, we shall have to see how Wall Street performs. My trade levels for tomorrow are 4604, 4704 and 4804, all up. I have no trade levels for a fall.
Oil
Oil fell today. It made an intra day high of $53.04, but closed down at $51.76. No trades were triggered. It is now incredibly a third of the price it was from its summer high, a sign of how the global downturn has affected commodity prices. My trade levels for tomorrow are $52.74, $54.53 and $56.33 all up. I have no trade levels for a fall.
Dow Jones
The Dow began the day with early strength, rising as high as 8477, but then fell, triggering my trade at 8219. It then fell to 8152 and I moved my stop down to 8233. The Dow then reversed hitting this level giving me a loss of 33 points. I then went long at 8233, but the Dow dropped to 8105, just hitting my stop, giving me another loss of 125 points. The Dow then staged an impressive late day rally, finishing up at 8424. Despite some bad news for the markets, traders appeared to be scooping up stocks at perceived bargain levels. This could possibly signal a good rally for the next couple of days. My trade levels for tomorrow are 8358 down, and 8553 and 8747 up.
Monday 17 November 2008
Monday 17th November – Daily Stock Market review
GDAX
A good day today. The market opened lower and kept falling all day. Fears over the G20 meeting and its inability to achieve anything weighed on market sentiment. Had a short trade triggered at 4667. I moved my stop down to 4702 when the GDAX went down to 4632, but the GDAX never came near this level. The GDAX closed at 4557, and I closed my position for a nice profit of 105 points. A good start to the week. My trade levels for tomorrow are 4611, 4702 and 4794 up. I have no trade levels for a fall.
Oil
Oil was difficult today, the price fell in the morning but the rose again. Had a long trade triggered at $54.48, and oil made an intra day high of $56.11 on news of an oil tanker being hi-jacked off the coast of Somalia (incredible as it may seem!). I moved my stop up to $53.83, but then oil fell. I was stopped out for a loss of 82 points. I then had a short trade triggered at $53.83. I was almost stopped out of this trade as oil rose again, but then it fell to the close, closing at $52.45. I closed my position for a profit of 135 points. My trade levels for tomorrow are $53.37, $55.04 and $56.72 up. I have no trade levels for a fall.
Dow Jones
The Dow opened lower in morning trade, but then began to rise back up triggering a long trade at 8463. The Dow then made an intra day high of 8571, and I moved my stop up to 8383. The Dow then fell, stopping me out for a loss of 84 points. I then went short at 8383, but the Dow zig zagged back and forth, eventually stopping me out at 8467 for another loss of 84 points. The Dow then fell closing the day at 8273. Huge lay offs in the financial sector gave traders the jitters, another turbulent day on Wall Street. My trade levels for tomorrow are 8558 and 8898 up, and 8219 down.
GDAX
A good day today. The market opened lower and kept falling all day. Fears over the G20 meeting and its inability to achieve anything weighed on market sentiment. Had a short trade triggered at 4667. I moved my stop down to 4702 when the GDAX went down to 4632, but the GDAX never came near this level. The GDAX closed at 4557, and I closed my position for a nice profit of 105 points. A good start to the week. My trade levels for tomorrow are 4611, 4702 and 4794 up. I have no trade levels for a fall.
Oil
Oil was difficult today, the price fell in the morning but the rose again. Had a long trade triggered at $54.48, and oil made an intra day high of $56.11 on news of an oil tanker being hi-jacked off the coast of Somalia (incredible as it may seem!). I moved my stop up to $53.83, but then oil fell. I was stopped out for a loss of 82 points. I then had a short trade triggered at $53.83. I was almost stopped out of this trade as oil rose again, but then it fell to the close, closing at $52.45. I closed my position for a profit of 135 points. My trade levels for tomorrow are $53.37, $55.04 and $56.72 up. I have no trade levels for a fall.
Dow Jones
The Dow opened lower in morning trade, but then began to rise back up triggering a long trade at 8463. The Dow then made an intra day high of 8571, and I moved my stop up to 8383. The Dow then fell, stopping me out for a loss of 84 points. I then went short at 8383, but the Dow zig zagged back and forth, eventually stopping me out at 8467 for another loss of 84 points. The Dow then fell closing the day at 8273. Huge lay offs in the financial sector gave traders the jitters, another turbulent day on Wall Street. My trade levels for tomorrow are 8558 and 8898 up, and 8219 down.
Sunday 16 November 2008
Friday 14th November – Daily Stock Market review
GDAX
After yesterday’s late day strength in New York, the GDAX and euro markets all rose in morning trade. I had a trade triggered at 4797 at the market open. The GDAX then spent most of the day around this level, but when New York opened, the markets fell from there intra day highs. I was stopped out of this trade for a loss of $130, but entered short at 4754. The market closed at 4710, and I made a profit on this trade of £88, but my total loss for the day was £42. My trade levels for Monday are 4795 up and 4667 down.
Oil
Oil fell today down to $54.02. My trade level of $55.05 was triggered, making me a small profit of £80. I closed the position. My trade levels for Monday are $54.48 and $56.26 up, and $52.70 down.
Dow Jones
Another rollercoaster day for the Dow today. The market fell at the open triggering a trade at 8580. The market the fell to an intra day low of 8470. I moved my stop down to 8660. The market then staged a stunning rally. I was stopped out of my trade for a loss of £83, and entered the market long at 8660. The Dow then rose all the way up to 8923, and I moved my stop up to 8710. Then, in the last hour of trading, the Dow fell by 400 points, stopping me out of my trade for a profit of £48. The Dow closed at 8497. My trade levels for Monday are 8779 and 8952 up, and 8449 and 8118 down.
GDAX
After yesterday’s late day strength in New York, the GDAX and euro markets all rose in morning trade. I had a trade triggered at 4797 at the market open. The GDAX then spent most of the day around this level, but when New York opened, the markets fell from there intra day highs. I was stopped out of this trade for a loss of $130, but entered short at 4754. The market closed at 4710, and I made a profit on this trade of £88, but my total loss for the day was £42. My trade levels for Monday are 4795 up and 4667 down.
Oil
Oil fell today down to $54.02. My trade level of $55.05 was triggered, making me a small profit of £80. I closed the position. My trade levels for Monday are $54.48 and $56.26 up, and $52.70 down.
Dow Jones
Another rollercoaster day for the Dow today. The market fell at the open triggering a trade at 8580. The market the fell to an intra day low of 8470. I moved my stop down to 8660. The market then staged a stunning rally. I was stopped out of my trade for a loss of £83, and entered the market long at 8660. The Dow then rose all the way up to 8923, and I moved my stop up to 8710. Then, in the last hour of trading, the Dow fell by 400 points, stopping me out of my trade for a profit of £48. The Dow closed at 8497. My trade levels for Monday are 8779 and 8952 up, and 8449 and 8118 down.
Thursday 13 November 2008
Thursday 13th November – Daily Stock Market review
GDAX
A volatile day today. The GDAX rose early on, triggering a trade at 4657, and rose to 4677 before falling back quickly to stop out my trade for a loss of £130. GDAX then fell to a low of 4524, before rallying when New York opened to make a new intra day high of 4713. Finally, the GDAX fell back again, triggering another trade at 4641. This trade stopped out for a loss of£98. GDAX closed at 4649. This has been a horrid week on the GDAX, I hope things are more profitable tomorrow. Tomorrows trade levels are 4540, 4650 and 4789.
Oil
Oil rose early, triggering a trade at $54.16, and rose to $56.29. I moved my stop up to $54.98, and then oil fell. I was stopped out for a profit of £75, and entered a short position at $54.98. Oil then fell down to$53.31, and I moved my stop down to $54.16. Oil then rose again, stopping out this trade for a profit of £75. Oil rose all the way up to $56.89, before closing at £56.28. Quite a volatile day, no doubt a response to the falls and surges on Wall Street. Am now out of the market. Tomorrows trade levels are $56.60 and $55.05.
Dow Jones
WOW!! What a day. The Dow opened with some strength, going up to 8410, and came close to triggering my trade level at 8429, but then it fell hard, dropping to a low of 7969. But then the Dow got HUGE strength. My trade was triggered at 8429. I moved up my stops to 8349. The Dow then reversed stopping me out for a loss of £86, and triggering my other trade level at 8349, but then the market decided to rally even more. I stopped out of my short position at 8429 for another loss of £86, and re-entered long again at this level. The Dow then climbed up to 8872 before closing at 8835. I closed my position for a profit of £400. My profit for the day including the earlier losses is £236. I guess traders just looked at how cheap the stocks were and piled in to get bargains, causing a big rally. My trade levels for tomorrow are 8775 down and 9000 up.
GDAX
A volatile day today. The GDAX rose early on, triggering a trade at 4657, and rose to 4677 before falling back quickly to stop out my trade for a loss of £130. GDAX then fell to a low of 4524, before rallying when New York opened to make a new intra day high of 4713. Finally, the GDAX fell back again, triggering another trade at 4641. This trade stopped out for a loss of£98. GDAX closed at 4649. This has been a horrid week on the GDAX, I hope things are more profitable tomorrow. Tomorrows trade levels are 4540, 4650 and 4789.
Oil
Oil rose early, triggering a trade at $54.16, and rose to $56.29. I moved my stop up to $54.98, and then oil fell. I was stopped out for a profit of £75, and entered a short position at $54.98. Oil then fell down to$53.31, and I moved my stop down to $54.16. Oil then rose again, stopping out this trade for a profit of £75. Oil rose all the way up to $56.89, before closing at £56.28. Quite a volatile day, no doubt a response to the falls and surges on Wall Street. Am now out of the market. Tomorrows trade levels are $56.60 and $55.05.
Dow Jones
WOW!! What a day. The Dow opened with some strength, going up to 8410, and came close to triggering my trade level at 8429, but then it fell hard, dropping to a low of 7969. But then the Dow got HUGE strength. My trade was triggered at 8429. I moved up my stops to 8349. The Dow then reversed stopping me out for a loss of £86, and triggering my other trade level at 8349, but then the market decided to rally even more. I stopped out of my short position at 8429 for another loss of £86, and re-entered long again at this level. The Dow then climbed up to 8872 before closing at 8835. I closed my position for a profit of £400. My profit for the day including the earlier losses is £236. I guess traders just looked at how cheap the stocks were and piled in to get bargains, causing a big rally. My trade levels for tomorrow are 8775 down and 9000 up.
Wednesday 12 November 2008
Wednesday 12th November – Daily Stock Market review
GDAX
GDAX rose in morning trade with other euro indices. Had a trade level at 4882, and the market came within a whisker of triggering this trade, touching an intra day high of 4875. After this though, it was down hill, and when New York opened the GDAX fell further, closing at 4620. The falls were due to an announcement by Treasury Secretary Henry Paulson, he said the government won't buy banks' soured mortgage assets after all, disappointing investors who hoped to see the bad debt wiped off companies' books. The news did not go down well on either side of the Atlantic.
Oil
Oil today fell further. Should have held onto my trade from yesterday. I cannot believe it keeps falling. It is now a third of the price it was at its peak on the 7th July, an incredible fall in just 4 months. It Closed at $52.09.
Dow Jones
Another big fall today. As previously mentioned, Henry Paulson’s statement about the big bank bail out plan, plus worries over the state of the US automotive industry caused wide spread selling. Only last week, the Dow closed at 9139. Today it closed at 8283. A fall of almost 10% in a week!! I had no trades today on the Dow. Tomorrows trade level is 8429, we will see if we get a bounce.
GDAX
GDAX rose in morning trade with other euro indices. Had a trade level at 4882, and the market came within a whisker of triggering this trade, touching an intra day high of 4875. After this though, it was down hill, and when New York opened the GDAX fell further, closing at 4620. The falls were due to an announcement by Treasury Secretary Henry Paulson, he said the government won't buy banks' soured mortgage assets after all, disappointing investors who hoped to see the bad debt wiped off companies' books. The news did not go down well on either side of the Atlantic.
Oil
Oil today fell further. Should have held onto my trade from yesterday. I cannot believe it keeps falling. It is now a third of the price it was at its peak on the 7th July, an incredible fall in just 4 months. It Closed at $52.09.
Dow Jones
Another big fall today. As previously mentioned, Henry Paulson’s statement about the big bank bail out plan, plus worries over the state of the US automotive industry caused wide spread selling. Only last week, the Dow closed at 9139. Today it closed at 8283. A fall of almost 10% in a week!! I had no trades today on the Dow. Tomorrows trade level is 8429, we will see if we get a bounce.
Tuesday 11 November 2008
Tuesday 11th November - Daily Stock Market review
GDAX
GDAX fell from the open day. Had a trade triggered at 4907 in the morning. Most of the morning was spent around this level. At the open of the markets in New York, GDAX and other euro indices fell hard inline with New York. The market closed at 4761, and I closed my trade at this level for a profit of £280, helps to make up for the losses incurred yesterday.
Oil
The futures market was already down by over a dollar and a half at the London open, and carried on falling all day, down to $54.93 before rising to $55.81, but this is still a fall for the day. Had a trade triggered at $56.74. Even though oil is falling, I am not confident it can keep going down, therefore I closed my position for a profit of £90.
Dow Jones
The Dow fell at the open, triggering a trade at 8651. It then traded around 8600 before rising as high as 8865. This stopped out my trade for a loss of £84, and triggered another trade at 8733. The market then fell again, stopping out the trade for £84. Entered short again at 8651. The Dow closed at 8694, a loss therefore of £55.
GDAX
GDAX fell from the open day. Had a trade triggered at 4907 in the morning. Most of the morning was spent around this level. At the open of the markets in New York, GDAX and other euro indices fell hard inline with New York. The market closed at 4761, and I closed my trade at this level for a profit of £280, helps to make up for the losses incurred yesterday.
Oil
The futures market was already down by over a dollar and a half at the London open, and carried on falling all day, down to $54.93 before rising to $55.81, but this is still a fall for the day. Had a trade triggered at $56.74. Even though oil is falling, I am not confident it can keep going down, therefore I closed my position for a profit of £90.
Dow Jones
The Dow fell at the open, triggering a trade at 8651. It then traded around 8600 before rising as high as 8865. This stopped out my trade for a loss of £84, and triggered another trade at 8733. The market then fell again, stopping out the trade for £84. Entered short again at 8651. The Dow closed at 8694, a loss therefore of £55.
Monday 10 November 2008
Monday 10th November - Daily Stock Market review
A difficult start to the week
GDAX
GDAX rose today, but in erratic fashion. Stopped out of last Friday’s trade overnight due to a rise in the futures price for a loss of £220. Entered the Market at 5082, but was stopped out. Went short at 5039 only for the market to rise again above 5082 for a loss of £98. Went long from 5082, but the GDAX then fell back, closing at 5025, causing a loss of £130. Am out of the market, and will see how things fare tomorrow.
Oil
Oil rose this morning, causing me to stop out of my trade from Friday, no loss was incurred though. It rose triggering a trade at $59.58, which went into profit. Moved my stops up in case a reversal took place, which in did, so no big loss on that trade. Market then fell triggering another trade at $58.83, and fell as far as $56.22. Moved stops down to cover the trade. Oil then rose to the close finishing at $59.04, but only incurred a small loss as I’d moved my stop down. A frustrating day.
Dow Jones
Markets rose at the start, but then proceeded to fall. Had a trade triggered at 8859, market fell to 8760, so again moved my stop down to cover the position. Dow then rose, stopping me out for a small loss of £15. Dow continues to stay below the 20 day exponential moving average, but the recent rise on Friday and today’s fall could be the signs of a rally this week. We shall see. Am out of the market and will wait to see if any trades are triggered tomorrow.
A difficult start to the week
GDAX
GDAX rose today, but in erratic fashion. Stopped out of last Friday’s trade overnight due to a rise in the futures price for a loss of £220. Entered the Market at 5082, but was stopped out. Went short at 5039 only for the market to rise again above 5082 for a loss of £98. Went long from 5082, but the GDAX then fell back, closing at 5025, causing a loss of £130. Am out of the market, and will see how things fare tomorrow.
Oil
Oil rose this morning, causing me to stop out of my trade from Friday, no loss was incurred though. It rose triggering a trade at $59.58, which went into profit. Moved my stops up in case a reversal took place, which in did, so no big loss on that trade. Market then fell triggering another trade at $58.83, and fell as far as $56.22. Moved stops down to cover the trade. Oil then rose to the close finishing at $59.04, but only incurred a small loss as I’d moved my stop down. A frustrating day.
Dow Jones
Markets rose at the start, but then proceeded to fall. Had a trade triggered at 8859, market fell to 8760, so again moved my stop down to cover the position. Dow then rose, stopping me out for a small loss of £15. Dow continues to stay below the 20 day exponential moving average, but the recent rise on Friday and today’s fall could be the signs of a rally this week. We shall see. Am out of the market and will wait to see if any trades are triggered tomorrow.
Saturday 8 November 2008
Friday 7th November - Daily Stock Market review
After yesterday’s big fall in the Dow, I expected the GDAX to continue to fall with the rest of the euro indices. Alas no. It rose, as far as 5000 before dropping back to 4938, although that’s still a rise of almost 130 points. Am still short from 4986. All the markets are in a downward trend even after this rise and the GDAX still closed below the important 20 day exponential moving average, so I’ll keep this trade open and see if the markets fall on Monday.
Oil rose then fell again. Am still short from $59.36. Oil closed at $57.62, barely changing from yesterday’s close. Am keeping this trade open hoping for further falls on Monday, but I wonder just how much further oil can fall.
The Dow jumped today. Quite surprising considering that the US unemployment rate increased more than expected. Must be a reaction to the huge falls we saw on Wednesday and Thursday. No trades triggered. Dow closed up at 8944, but is still in a downward trend and below the important 20 day exponential moving average, so we may see a fall again next week.
After yesterday’s big fall in the Dow, I expected the GDAX to continue to fall with the rest of the euro indices. Alas no. It rose, as far as 5000 before dropping back to 4938, although that’s still a rise of almost 130 points. Am still short from 4986. All the markets are in a downward trend even after this rise and the GDAX still closed below the important 20 day exponential moving average, so I’ll keep this trade open and see if the markets fall on Monday.
Oil rose then fell again. Am still short from $59.36. Oil closed at $57.62, barely changing from yesterday’s close. Am keeping this trade open hoping for further falls on Monday, but I wonder just how much further oil can fall.
The Dow jumped today. Quite surprising considering that the US unemployment rate increased more than expected. Must be a reaction to the huge falls we saw on Wednesday and Thursday. No trades triggered. Dow closed up at 8944, but is still in a downward trend and below the important 20 day exponential moving average, so we may see a fall again next week.
Friday 7 November 2008
Thursday 6th November - Daily Stock Market review
Oh, the horror. GDAX fell big time. I closed out of my position at 5062 overnight as the futures price fell. Am Gutted. Was over £400 in profit on Tuesday night. I broke even on that trade though. I had a trade triggered at 4986. After initial fluctuations caused by intrest rate cuts from the B of E and the ECB, the GDAX just kept falling, down to 4813. Am in profit of £340. Hopefully we’ll see further declines tomorrow, so I’ll let this trade run.
Oil also fell, triggering a trade at $59.36. It closed at $57.68, giving me a profit so far of about £160. Am gonna let this trade continue tomorrow as well, hoping for further weakness.
The Dow just fell again by a huge amount. No trades. I wished I hadn’t closed out my trade yesterday. Has fallen almost 10% in 2 days.
Wednesday 5th November - Daily Stock Market review
Ouch. GDAX and other euro markets gave up a lot of yesterday’s gains. GDAX closed at 5167. Am still long from 5062. Hopefully we’ll get a bounce tomorrow.
Oil fell today. Had a small trade triggered on an intra day bounce at $63.27, but it failed. Lost £55 on that.
Dow had a BIG fall today. Market opened at about 9500. Had a trade triggered at 9547 as it went up, but it just clipped this level before falling for the rest of the day. Lost £125 on that trade, but entered short at 9417 and watch as the market kept falling. Dow closed at 9139, and I closed my position for a profit of £270. Hope there’s a bounce tomorrow.
Tuesday 4th November - Daily Stock Market review
Hello rally!! Nice big move today on the GDAX. Had a trade triggered early at 5062 and the market never looked back, climbing all day, closing at 5278. At currently over £400 in profit. Am gonna let the trade roll over to tomorrow, hoping for more strength.
Huge rally on oil today as well. Had a trade triggered at $61.44. Again, the market kept climbing. Oil finished at $66.31. I closed the trade at the end of the day, making just under £500. Makes up for yesterday!
The Dow followed world markets and rallied too. The futures price was already sky high before the market opened, so I couldn’t enter any trades. The strength bodes well for my GDAX trade tomorrow.
Monday 3rd November - Daily Stock Market review
Had a nervy start to the GDAX. Market opened strong. Had a trade triggered at 5019 as the GDAX retreated from its earlier highs. Spent the rest of the day trading around this level, and closed at 5026. I closed my position for a small loss just before close as I think the market will show strength over the next couple of days.
Trading Brent Oil was horrible today. Had a trade triggered at $63.83 as the price lowered. The market then reversed, climbing higher causing me a loss. I entered long at $64.54, only for the market to fall again, causing another loss. Thankfully, the price kept falling, and I entered again at $61.76. This time the market kept falling, closing at $60.41. I made a small profit on my trade of £125, but am still down for the day. I closed my position today because oil is at the bottom of a trading range, and my bounce tomorrow.
The Dow was also causing a loss for me today. The market triggered a trade at 9375, but the fell back slowly throughout the day stopping me out. Lot £125. The markets are so much calmer today than the last couple of weeks.
Oh, the horror. GDAX fell big time. I closed out of my position at 5062 overnight as the futures price fell. Am Gutted. Was over £400 in profit on Tuesday night. I broke even on that trade though. I had a trade triggered at 4986. After initial fluctuations caused by intrest rate cuts from the B of E and the ECB, the GDAX just kept falling, down to 4813. Am in profit of £340. Hopefully we’ll see further declines tomorrow, so I’ll let this trade run.
Oil also fell, triggering a trade at $59.36. It closed at $57.68, giving me a profit so far of about £160. Am gonna let this trade continue tomorrow as well, hoping for further weakness.
The Dow just fell again by a huge amount. No trades. I wished I hadn’t closed out my trade yesterday. Has fallen almost 10% in 2 days.
Wednesday 5th November - Daily Stock Market review
Ouch. GDAX and other euro markets gave up a lot of yesterday’s gains. GDAX closed at 5167. Am still long from 5062. Hopefully we’ll get a bounce tomorrow.
Oil fell today. Had a small trade triggered on an intra day bounce at $63.27, but it failed. Lost £55 on that.
Dow had a BIG fall today. Market opened at about 9500. Had a trade triggered at 9547 as it went up, but it just clipped this level before falling for the rest of the day. Lost £125 on that trade, but entered short at 9417 and watch as the market kept falling. Dow closed at 9139, and I closed my position for a profit of £270. Hope there’s a bounce tomorrow.
Tuesday 4th November - Daily Stock Market review
Hello rally!! Nice big move today on the GDAX. Had a trade triggered early at 5062 and the market never looked back, climbing all day, closing at 5278. At currently over £400 in profit. Am gonna let the trade roll over to tomorrow, hoping for more strength.
Huge rally on oil today as well. Had a trade triggered at $61.44. Again, the market kept climbing. Oil finished at $66.31. I closed the trade at the end of the day, making just under £500. Makes up for yesterday!
The Dow followed world markets and rallied too. The futures price was already sky high before the market opened, so I couldn’t enter any trades. The strength bodes well for my GDAX trade tomorrow.
Monday 3rd November - Daily Stock Market review
Had a nervy start to the GDAX. Market opened strong. Had a trade triggered at 5019 as the GDAX retreated from its earlier highs. Spent the rest of the day trading around this level, and closed at 5026. I closed my position for a small loss just before close as I think the market will show strength over the next couple of days.
Trading Brent Oil was horrible today. Had a trade triggered at $63.83 as the price lowered. The market then reversed, climbing higher causing me a loss. I entered long at $64.54, only for the market to fall again, causing another loss. Thankfully, the price kept falling, and I entered again at $61.76. This time the market kept falling, closing at $60.41. I made a small profit on my trade of £125, but am still down for the day. I closed my position today because oil is at the bottom of a trading range, and my bounce tomorrow.
The Dow was also causing a loss for me today. The market triggered a trade at 9375, but the fell back slowly throughout the day stopping me out. Lot £125. The markets are so much calmer today than the last couple of weeks.
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