Thursday, 1 May 2008

Morning Call by Traders University

The DOW pushed higher from the open but ran into the 13,000 level but following the Fed rate decision it turned and fell 200 points to close the day down 11 points. The S&P 500 broke the 1400 level but fell at the end of the session to end down 5 points, the NASDAQ fell back from the 200 ema closing down 13 points. The FTSE 100 fell in morning trading down to 6040 where it rallied up to 6120 but ended a volatile session down 2 points. Futures - DOW is called up 10 points, FTSE is called down 15 points. Oil is trading at $114.60 a barrel and gold at $877.40.

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