Archive for May, 2008

Morning Call by Greg Secker

May 30, 2008

The DOW rallied at the open but ran into resistance around the 12700 level pulling back from the highs to close the day up 52 points. The S&P pushed higher but ran into the 200 ema and ended the day up 7 points, the NASDAQ closed up 21 points. The FTSE, writes Greg Secker, 100 [...]

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Morning Call by Greg Secker

May 29, 2008

The DOW continues to trade sideways after find some support on the 50% fib level ending the session yesterday up 45 points. The S&P added 5 points, NASDAQ added also added 5 points. The FTSE, writes Greg Secker, 100 pushed higher in morning trading but following the news out at 13:30 turned and fell to [...]

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Morning Call by Greg Secker

May 28, 2008

The DOW traded sideways for most of the session before putting in a small rally to close the session up 68 points. The S&P added 9 points and the NASDAQ bounced off the trend line to closed the day up 36 points. The FTSE, writes Greg Secker, 100 gapped higher at the open but could [...]

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Morning Call by Greg Secker

May 22, 2008

Yesterday, notes Mr Secker, the US Federal Reserve cut its growth forecast for this year by upto 1% and predicted unemployment will rise more than expected. This coupled with weaker US Oil Inventory figures meant the DOW ended the session down 227 points. The S&P returned closed down 22 points and the NASDAQ finished [...]

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Morning Call by Greg Secker

May 21, 2008

Looking at the markets, on the back of poor PPI figures and Oil hitting new highs the DOW ended the session down 200 points. The S&P returned to the trend line closing the session down 14 points and the NASDAQ finished down 24 points. The FTSE, writes Greg Secker, fell heavily closing the day 185 [...]

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Morning Call by Traders University

May 20, 2008

The DOW broke up through the 13,000 level at the open and traded up some 150 points before hitting the highs of two weeks ago falling back to closed the session up 41 points. The S&P 500 closed up 1 points and the NASDAQ closed down 12 points. The FTSE, writes Greg Secker, 100 closed [...]

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Morning Call by Greg Secker

May 16, 2008

After a small drop at the open the DOW rallied higher for the rest of the session ending the day up 94 points just under the 13,000 level. The S&P added 14 points closing an news highs in the recent up trend, the NASDAQ also closed higher up 37 points. The FTSE, writes Greg Secker, [...]

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Morning Call by Greg Secker

May 15, 2008

The DOW pushed higher from the open but ran into resistance at the 13,000 level which forced the price back down to closed the day up 66 points. The S&P added 5 points and the NASDAQ gapped higher at the open but fell back to close the session up 1 point. The FTSE, writes Greg [...]

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Morning Call by Greg Secker

May 14, 2008

The DOW had a quiet trading session yesterday as it consolidates around the trend line before the next big move, ending the session down 44 points. The S&P closed flat and the NASDAQ closed up 6 points. The FTSE, writes Greg Secker, 100 gapped higher at the open but following the higher than expected CPI [...]

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Morning Call by Greg Secker

May 13, 2008

The DOW pivoted off the trend line yesterday ending the session up 130 points. The S&P bounced off the trend line closing the session up 15 points, the NASDAQ finished up 42 points. The FTSE, writes Greg Secker, 100 gapped higher at the open but fell back during the day before putting in a rallied [...]

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