Morning Call by Traders University

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 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.