Morning Call by Greg Secker

The DOW traded sideways ending up 14 points and is building out a consolidation at the highs, watch this range for a breakout for the next major move. The S&P and NASDAQ each held on to their gains from Wednesday and also building a consolidation pattern at the highs. The S&P closed flat and the NASDAQ closed down 4 points. The FTSE, writes Greg Secker, 100 gapped higher at the open and then traded in a sideways range for the rest of the day ending up 61 points. The FTSE, writes Greg Secker, 250 also gapped higher at the open but fell back during the day ending up 95 points and closing at a new all time high at 11708. Futures – DOW is called down 5 points, FTSE is called down 15 points. Oil is trading at $61.60 a barrel and gold at £661 

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