Friday, 6 June 2008

Morning Call by Traders University

The DOW pushed higher at the open after some better than expected figures from Wal Mart, ending the sessions at the highs and closing the day up 214 points. The S&P added 26 points and closed just under the 200 ema, the NASDAQ has bounced off the trend line and closed up 46 points at new highs in the current up trend. The FTSE 100 traded sideways all day below the 6000 level a break of this level could see a push high in the next few trading sessions. Oil had its biggest one day climb ever yesterday and is currently trading at $128.64 a barrel and gold had a bullish day, currently trading at $884.70.

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