Thursday, 13 March 2008

Trader's University Daily Update

The DOW pushed higher at the open but ran into some resistance at the 12,300 level where it turned and fell to the close to end the session down 46 points. The S&P closed down 11 points, NASDAQ fell 11 points, and all of the indices have left us with a high test reversal bar for Wednesday. The FTSE 100 jumped at the open but could not hold on to all of the gains falling back to close the session up 86 points. Futures – DOW is called down 120 points, FTSE is called down 100 points. Oil is still push to new highs and is currently trading at $109.57 a barrel, gold is trading at $987.10.


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