Jun 07
26
Morning Call by Greg Secker
The DOW rallied higher during the session but could not hold on to the gains and fell hard to the closed to finish the day down 8 points, leaving us with a bearish high test reversal bar. The S&P had a similar day closing down 4 points and the NASDAQ down 11 points. FTSE 100 gapped lower at the open but found some support off the 50 ema to close the day up 21 points to end its five day losing streak. Futures – DOW is called up 25 points, FTSE is called down 18 points. Oil is trading at $68.90 a barrel and gold at $650.2.
