Archive for May, 2009

Morning Call by Greg Secker

May 28, 2009

The London markets managed to inch forward on Wednesday, having flitted in and out of red and green today the FTSE 100 finally finished the day four points up at 4416. Hotel group InterContinental Hotels (IHG) and hedge fund manager Man Group (EMG) leading the day’s climbers – the latter ahead of its full-year results [...]

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Morning Call by Greg Secker

May 27, 2009

Yesterday, notes Mr Secker, the FTSE closed up 46 points at 4,411. During the morning session the index fell heavily, and then rallied for the final 2 hours following the higher than expected consumer confidence figures. The Dow closed up 196 points at 8,437 following a rise in USD consumer confidence, expected at 42.7, [...]

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Morning Call by Greg Secker

May 26, 2009

There was no trading yesterday because of the Bank Holiday. The FTSE, writes Greg Secker, 100 closed on Friday up just 19 points at 4,365 with a high of the day just below the significant number of 4,400. There is still a lot of indecision in the market. The support level at 4,315 is still [...]

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Morning Call by Greg Secker

May 21, 2009

Yesterday, notes Mr Secker, the FTSE closed down 13 points at 4,468. This 0.3% fall apposes the gains in the other major European exchanges where the Paris CAC gained 0.8%, and the Frankfurt DAX gained 1.6%. The mining sector lead the gains on the FTSE whereas the banks fell away slightly. FX news: Yesterday, [...]

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Morning Call by Greg Secker

May 20, 2009

Yesterday, notes Mr Secker, the FTSE closed up 35 points at 4,482, closing above the 200ema. This may be significant after the 130 move to the upside yesterday and is the second consecutive green bar. Yesterday, notes Mr Secker, ’s 0.8% rise has seen the index open and close above the 200ema. Yesterday, notes [...]

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Morning Call by Greg Secker

May 19, 2009

Yesterday, notes Mr Secker, the FTSE rallied 98 points to close at 4,446 breaking up through the key level of 4,400 which has provided support and resistance over the last 2 weeks. Bullish sentiment continues to drive the FTSE 100 2.2% higher as all the other major global indices closed up around 2%. Forex [...]

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Morning Call by Greg Secker

May 18, 2009

On Friday the FTSE closed at 4,348 ending a mixed week down 87 points. In the early part of the week the index gained support from 4,400 but this proved to act as resistance on Friday. On Friday the Dow Jones industrial average fell 62 points or 0.8 percent, to 8,268 – falling 3.6% for [...]

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Morning Call by Greg Secker

May 15, 2009

Yesterday, notes Mr Secker, the FTSE closed up 30 points with support being gained from 4,300. The index closed at 4,362 and made an attempt to regain the losses from Wednesday. It will be interesting to see what the index does today, the last day of the week. The Dow Jones industrial average ended [...]

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Morning Call by Greg Secker

May 14, 2009

In the US stocks retreated more than 2 percent on Wednesday and bond prices rose after two reports suggested the economy is not bouncing back as quickly as investors hoped. The Dow fell 184.22, or 2.2 percent, to 8,284.89, while broader stock indicators sank even more sharply. The Standard & Poor’s 500 index fell 24.43, [...]

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Morning Call by Greg Secker

May 13, 2009

Yesterday, notes Mr Secker, the FTSE 100 closed down 9 points to close at 4,425. The index is hovering around the 200ema following the high-test bar on Thursday. This bar marked the end of 5 consecutive green bars. The FTSE, writes Greg Secker, 250 has powered through her 200ema and is gaining support from [...]

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