After a small drop at the open the DOW rallied higher for the rest of the session ending the day up 94 points just under the 13,000 level. The S&P added 14 points closing an news highs in the recent up trend, the NASDAQ also closed higher up 37 points. The FTSE, writes Greg Secker, 100 added 35 points as it continues to build out its consolidation, what for a break of this consolidation for the next major move. Futures – DOW is called 25 points, FTSE is called up 10 points. Oil is trading at $124.76 a barrel and gold at $881.60.

This entry was posted on May 16, 2008 at 8:35 am. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Posted in Greg's Commentary by Greg No Comments Yet