Morning Call by Greg Secker

The Dow Jones opened the day with early strength on Friday. Then, having rallied quietly to the 9,280 level, fell relatively sharply to the close, ending the day with a loss of 127 points at 8,852. With no major market news out today component news will lead movement so look to the break of the 9,200 level for upward and the 8,600 level for downward decisive movement. On Friday the FTSE closed up 201 points at 4,063. With only minor market reports out today this side of the Atlantic, look to the breakout levels of 4,300 and 3,900 for sustained directional indication. Gold is currently at $787.70 and Oil is trading at $71.85. Good trading and I will speak with you tomorrow.