Morning Call by Greg Secker

The DOW sold off during the session finishing the day down 77 points. The S&P closed down 10 points. After gapping lower at the open the NASDAQ rallied up into positive territory, but did sell of at the close finishing the day flat. The FTSE, writes Greg Secker, 100 gapped lower at the open and traded lower for the rest of the session closing down 47 points. Futures – DOW is called up 25, FTSE is called up 5 points. Oil has pulled back below $90 and is currently trading at $89.60 a barrel and gold at $786.40 – Remember to watch out for the US FED interest rate decision, at 19:15 UK time, where a 0.25% base rate cut is expected. 

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