Morning Call by Traders University

The DOW fell the most in the last 3 weeks on Friday ending the session down 256 points following lower than expected results from General Electrics, we now have the break out of the channel that we have been waiting for to get some direction. The S&P fell 27 points, the NASDAQ fell 61 points. The FTSE 100 traded higher in the morning but could not break through the 6015 level and following the news from GE traded lower for the rest of the session ending the day down 69 points. Futures - DOW is called down 10 points, FTSE is called down 45 points. Oil is trading at $109.50 a barrel and gold at $919.