Morning Call by Greg Secker

The Dow Jones closed 29 points down at 10825 having traded sideways throughout the session and spent its time consolidating as it continues to digest the recent upheaval. Today watch for a breakdown below the 10,650 level again, for confirmation of the continued recent slide back to the trend that was forming before the madness at the end of last week. With a range of news reports out between 1.30 pm - 3.00 pm British Summer Time, look to this period for additional volatility. Yesterday the FTSE was also dominated by sideways movement and today, with no major market news to affect this index, look as usual to the Dow and Component news for intraday influences. Watch for a continuation beneath the 5,100 level for firmer downward movement. Oil is currently at $106.40 a barrel and Gold is at $896.10 for one Troy Ounce. That’s it for now have a great day’s trading and I will speak with you tomorrow