Morning Call by Greg Secker

The DOW closed the day off session highs, UP 34 points and within the bearish consolidation pattern. Watch for a breakout of this consolidation for the next move. The S&P added 5 points, the NASDAQ gained 32 points. The FTSE 100 pushed higher in the morning following higher than expected retail sales data but fell back in the afternoon following weak US manufacturing data causing the index to close down 48 points in the session. Futures - DOW is called down 50 points, FTSE is called up 10 points. Oil fell $4 yesterday and is currently trading at $132.30 a barrel and gold at $902.20.