Archive for August, 2007

Morning Call by Greg Secker

August 13, 2007

The DOW had another volatile day on Friday, it traded down over 200 points in the session only to rally back up 250 points then fell again to close the session down 31 points. The S&P had a similar day but ended the session flat. While the NASDAQ closed down 11 points. The FTSE, writes [...]

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Morning Call by Greg Secker

August 10, 2007

Volatile trading conditions continued yesterday after news from the French bank BNP Paribas caused a sell off around the world. The DOW fell 387 points, S&P fell 44 points and the NASDAQ fell 56 points. In Asia overnight the NIKKEI fell 468 points, the Hang Seng fell 639 points and the ASX fell 196 points. [...]

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Morning Call by Greg Secker

August 9, 2007

The DOW traded higher during the session to come within a few points of the 13700 level where it suddenly changed direction and fell 200 points, but there was a rally at the end of the day to finish the session up 153 points. The S&P added 20 points to close just below the big [...]

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Morning Call by Greg Secker

August 8, 2007

The DOW had another volatile sessions where it fell 150 points after the FED kept interest rates on hold then 30 minuets later rallied 250 points through the 13500 level but fell back in the last few minuets to close the session up 35 points and on the 13500 level. The S&P and NASDAQ both [...]

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Morning Call by Greg Secker

August 7, 2007

The DOW found some support around the 13150 level and rallied to the close to finish the day up 286 points under the 50 ema and near to the 13500 resistance level, watch this level for a break or bounce. The S&P tested the lows at the open but rallied to close the day up [...]

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Morning Call by Greg Secker

August 6, 2007

The DOW fell 281 points on Friday to close at 13181. The S&P fell 39 points to close below the 200 ema and setting a lower low in the current down trend. The NASDAQ also setting lower lows closed down 64 points. The FTSE, writes Greg Secker, 100 fell 76 points as it consolidates around [...]

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Morning Call by Greg Secker

August 3, 2007

The DOW traded higher during the session but ran into some resistance at the 13500 level which is also the 50 ema, watch this level for a break or bounce for the next major move. The S&P has found support from the 200 ema and added another 6 points yesterday. The NASDAQ ended the day [...]

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Morning Call by Greg Secker

August 2, 2007

Volatility carries on in the markets as the DOW closes the day up 150 points, S&P up 10 points and the NASDAQ up 7 points. The FTSE, writes Greg Secker, 100 had a major gap down yesterday morning but trading higher during the session to finish down 109 points. Futures – DOW is called down [...]

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Morning Call by Greg Secker

August 1, 2007

The DOW pushed higher at the open but ran into resistance and fell 290 points to end the session down 146 points. The S&P closed down 18 points and the NASDAQ gapped higher but closed lower, down 37 points. The FTSE, writes Greg Secker, 100 gapped higher at the open and continued to rally during [...]

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