Jul 07
6
Morning Call by Greg Secker
The DOW closed the day with a small loss of 11 points as it traded quietly in a tight range all day. The S&P had a similar day but closed the day flat. The tech heavy NASDAQ pushed higher during the session to add 11 points and close at a new 6 year high. The FTSE, writes Greg Secker, 100 gapped higher at the open but failed to hold on to its gains and fell hard to the close ending the day down 38 points and leaving us with a key reversal bar on the daily chart. The FTSE, writes Greg Secker, 250 also gapped higher and failed to hold on to gains ending the day down 31 points. Futures – DOW is called down 15 points, FTSE is called up 3 points. Oil is trading at $71.70 a barrel and gold at $649.5.
