Morning Call by Greg Secker

Yesterday the Dow Jones continued major movement downwards ending the day with a huge loss of 449 at 10,609. Today look to the break of the 10,500 level for further decisive downward movement. Scheduled news releases have been so overshadowed in recent days that the few reports due out today, in America, are unlikely to noticeably affect movement, with so much focus on, and influence by, the banking sector. At home the same is true, although the Retail Sales Reports out at 9.30 am British Summer Time will possibly cause a reaction should the results be markedly different from expectation. Yesterday’s market closed at 4912 down 113 points on the previous day. Oil is currently trading at $96.12 and Gold at $864.70. Good trading, speak with you tomorrow.