Wednesday, 12 March 2008

Morning Call by Trader's University

Daily update on what's going on in the markets....

Following the Fed’s announcement yesterday the DOW gapped higher at the open and pushed to the close to finish the session up 416 points and back above the 12,000 level. The S&P rallied 47 points, the NASDAQ closed up 8 points. The FTSE 100 jumped up nearly 100 points following the news but did fall back to the close ending the session up 61 points. Futures – DOW is called flat, FTSE is called up 60 points. Oil is trading at new highs up at $108.54, gold is trading at $976.30.

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