Morning Call by Greg Secker

The Dow closed down 733 points at 8,577 yesterday and with Asia stocks slumping overnight, today, a reactive bounce is less likely than continued downward movement. A fall through the 8,000 level, if sustained, could see the index tumble further towards the end of the week, and with Consumer Price Index reports out at 1.30 pm British Summer Time the Bears will hold sway should the news be worse than expected. This side of the Atlantic The FTSE closed down at 4,079 having lost another 314 points on the day with no major news out here look to component news and the Dow for direction today. Gold is trading at $842.90 and Oil is at $73.42. That’s it for today, have a great day’s trading and I will speak with you tomorrow.