Morning Call by Trader's University

The DOW pushed higher at the open off the 12,500 level, running in to some resistance at the 12,650 level ending the session up 54 points. We are still watching the pattern forming for a breakout for the next direction. The S&P added 6 points, the NASDAQ added 29 points. The FTSE 100 traded lower for most of the session but put in a strong rally to the closed to finish the day down 18 points, leaving a bullish low test bar on the chart. Futures - DOW is called up 40 points, FTSE is called up 30 points. Oil is trading at $109.65 a barrel and gold at $925.