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.