Morning Call by Greg Secker

The DOW opened the day higher but seemed unsure about itself until the last hour of the session to close up 145 points. Watch 13400 for a possible break or bounce. The S&P 500 traded similar to the DOW throughout the day closing up 16 points and right on its short term down trend line. A break of this could signal direction long. The NASDAQ had a good day to close up 31 points and is also back to its trend. The FTSE, writes Greg Secker, 100 gapped higher at the open and showed strong buying throughout the day to close up 109 points. Once again we have an index back to its trend. Watch for a break or bounce. Futures – DOW is called up 78 points, FTSE called up 53 points, Oil is trading at $69.42 a barrel and Gold is trading at $662.4.

Bookmark and Share
Leave a Comment