Archive for February, 2007

Morning Call…..FEAR STRIKES!

February 28, 2007

We had a major sell off yesterday around the world.  The DOW closed down 416 points at 12216 which has taken away all the years gains. The S&P fell 50 points and the NASDAQ fell 96 points. And over night Asian stocks added to global rout. The FTSE, writes Greg Secker, 100 fell 148 points, [...]

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Morning Call….CHINA!

February 27, 2007

China – biggest fall in 10 years, drops 250 points overnight. Longs in the UK will get crunched.
The DOW closed the day down 15 points fall back near to the major lower trend line. The S&P closed down 1 point as it continues to hold near the highs. The NASDAQ had a key reversal bar [...]

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Morning Call..

February 26, 2007

The DOW closed Friday down 38 points, we have had a steady pull back from all time highs to the 20 ema watch for a break or bounce from this level. The S&P and NASDAQ both traded lower on Friday but continue to hold above near term support. The FTSE, writes Greg Secker, 100 tested [...]

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Midday Post

February 23, 2007

Oil prices up as Iran tensions rise
 
Oil prices are up amid concerns over depleting stocks and tensions between the west and Iran.
 
Crude oil for April delivery increased by 47 cents, to $61.42 per barrel on the New York Mercantile Exchange (Nymex). In London, crude oil for April delivery rose by 77 cents to $61.39 per [...]

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Morning call

February 23, 2007

The DOW closed down 52 points and below the 12700 level and finding some support from the 20 ema at the close. The S&P had a small rally at the end of the day to close down 1 point, while the NASDAQ rallied from its days low to close up 6 points and again closing [...]

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Moaning Call…

February 22, 2007

Mining stocks took on turn for the worse on the FTSE 100 on Wednesday declining from recent highs.
The index of leading shares slumped below the 6,400 mark to close 55.2 points down at 6357.1.
The shaky start on Wall Street was mainly behind the drop off with investors taking note of a higher than expected rise [...]

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Morning call….

February 21, 2007

A little late today…The DOW closed the day up 19 points after testing the lows and closed at a new all time high. The NASDAQ & S&P each rallied sharpley from the days lows and now sit above key resistance. The FTSE, writes Greg Secker, 100 fell 32 closing at 6412 after testing the 6400 [...]

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Morning Call

February 20, 2007

US markets closed on Monday – The FTSE closed at a new 6 year high at 6444, FTSE 250 at an all time high at 11636. Futures – DOW is called up 10 points on Fridays close, FTSE is called flat. Oil is trading at $$58.70, gold is trading at $671

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Morning Call

February 19, 2007

THE DOW, S&P and NASDAQ all continue to hold at the highs, watch for a breakout from these levels. The FTSE, writes Greg Secker, 100 closed down 13 points but holding above the 6400 level. Futures – DOW is called down 5 points, FTSE is called up 10 points. Oil is trading at $59.10 a [...]

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Morning Call…

February 16, 2007

The DOW closed up 23 points and continues to hold above the 12700 level. The S&P and NASDAQ both had small gains and continue to hold at their highs. The FTSE, writes Greg Secker, 100 added 12 points to close at another 6 year high of 6433. Futures – DOW is called down 15 points, [...]

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