Daily update from Traders University

The DOW gapped higher at the open and pushed higher during the session before volatility took hold after the Fed cut the interest rates by 0.75% causing the DOW to fall back to the 12100 level where is bounced some 300 points to close just under the 12,400 level ending the session up 420 points. The S&P added 54 points and the NASDAQ added 91 points. The FTSE 100 gapped higher at the open and continued to trade higher throughout the session ending the day up 191 points. Futures - DOW is called down 20, FTSE is called up 30 points. Oil is trading at $108 a barrel and gold at $990.