Tomorrows Stock Markets

Online Trading - Stock Markets Today and Tomorrow!

Stock markets move even higher ! The FTSE has just closed up for the fifth day running - it ended up 100 points at 3854. The DOW is currently up 135 points at 7359 the S&P is currently at 770 up 14 points and the NASDAQ is up 2 at 1434.

Quite an achievement really. The last time the markets were up 5 sessions in a row was back in 2007. So is the bear market over or will it all end in tears ?

Well, there are very few people saying it's all over and there are very few people saying we have seen the bottom. Most people expect us to re-test the recent bottoms and some expect us to continue on down through the bottom to make new bottoms !

One day trader I do like to listen to for his tips on online trading is Oscar Carboni and here is where he sees the markets going -
first, he expects the S&P to move up to around 790 - 800 before turning round and coming back down -
second, the DAX could move up to around 4200 -
third, the FTSE could move up to around 3940

Once these levels have been reached (more or less) he expects the markets to turn around and start coming back down and probably head a lot lower, so he will be shorting the markets once they get up there. If the stock markets in fact continue on up through the levels he states then he will revise his strategy.

So there are some precise targets to keep an eye on.
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