Jul 07
10
Morning Call by Greg Secker
The DOW traded higher during the day as it closes in on the key resistance level at 13700, ending the day up 38 points at 13650. Watch the 13700 level for a break or bounce over the next few days. The S&P added 1 point. The tech heavy NASDAQ continues to set new highs adding 3 points yesterday to close at 2670. The FTSE, writes Greg Secker, 100 gapped higher at the open and traded sideways for the rest of the session ending the day up 22 points. The FTSE, writes Greg Secker, 250 also gapped higher at the open but could not hold on to the gains and ended the day down 7 points. Futures – DOW is called flat and FTSE is called up 5 points. Oil is trading at $72 a barrel and gold at $658.90.
