The DOW traded lower at the open but found some support at the 13400 level and rallied to the close to finish the day up 56 points. The daily chart of the DOW is forming an ascending triangle, watch for a breakout of this pattern for indication of market direction. The S&P and NASDAQ both rallied form the lows of the day and at the close the S&P was up 9 points and the NASDAQ was up 17 points. The FTSE, writes Greg Secker, 100 gapped lower at the open and continued to fall 80 points, but put in a small rally to the close to finish the day down 53 points. The FTSE, writes Greg Secker, 250 ended the day down 180 after finding some support of the long term trend line, watch this line for a break or bounce. Futures – DOW is called down 10 points, FTSE is called up 25 points. Oil is trading at $68.60 a barrel and gold at $651.2 

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