Morning Call by Greg Secker

Yesterday on the back of low volumes the FTSE closed up 65 points at 4,443 trading in a tight range of around only 80 points, but still managing a sixth consecutive day of overall gain. Today with only minor market moving news out, look for component news to inspire movement but with the possibility of reduced volumes in America negatively affecting that, due to the election. The Dow Jones closed at 9,319 down 5 points, yes just 5 points – a large slice of apathy having broken out in the American market, quite probably due to the election, with little over half that of recent levels of volume traded, the index meandered in a very small range of around 150 points. Today, look for similar activity, with only minor news out to affect trading, other than the election, which is currently overshadowing the market. Oil is currently at $63.30 and Gold is at $724.10. That’s it for today, good trading and I will speak with you tomorrow.