Morning Call by Traders University

The DOW continues to trade within the boundaries of the down trending channel, ending the session up 46 points. The S&P added 12 points and the NASDAQ gained 17 points. The FTSE 100 fell 100 points in the first hour of trading yesterday to the 5600 level where it bounced to closed the day up 9 points at 5702 leaving a bullish low test reversal bar for Monday. Futures - DOW is called down 30 points, FTSE is called down 15 points. Oil is trading at $101.70 a barrel and gold is trading at $918.