Morning Call by Greg Secker

The Dow rallied from start to finish yesterday to a gain of 266. The sharp reversal of Monday’s drop could potentially raise the level of support from the 10,800 support line to a new bottom at around 11,100. Today look for breakout movement below this new level or above the 11,650 mark but with no big news today any decisive movement will be driven by index component reports. The FTSE was up at 5,319, 6 points higher, and today, with midweek holiday-led doldrums an indecisive pattern is likely to emerge. Oil is at $122.24 and Gold at $926.30. Good trading and speak with to you tomorrow.