Morning Call by Greg Secker

With a 38 point gain the Dow Jones closed at 11,268 yesterday after opening with early weakness and then ranging into a consolidation, without clear direction, throughout the session. Look to the 11,200 to 11,400 range for early breakouts to indicate direction today. Moves around 1.30 pm British Summer Time, as The US Trade Balance is announced and Employment reports are released, could set main direction for the day. The FTSE closed down 49 points yesterday and with no major market news today this side of the Atlantic look to component news and pressure from the Dow for any decisive market direction. Oil is currently at $103.61 and Gold at $758,70. Great trading and I will speak with you tomorrow.