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.