Morning Call by Greg Secker

After pushing higher at the open the DOW sold off to the close after the interest rate decision, closing the session down 294 points, falling back to the 50 ema. The S&P closed down 38 points and the NASDAQ fell 6 points. The FTSE, writes Greg Secker, 100 is still finding some resistance at the 6600 level ending the session down 28 points. Futures – DOW is called up 65 points, FTSE called down 55 points. Oil is trading at $89.40 a barrel and gold at $810.80. – Due to the large gap down expected at the open we will not be placing any new trades before the market opens.

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