Morning Call by Traders University

The DOW had a quiet trading session yesterday as it consolidates around the trend line before the next big move, ending the session down 44 points. The S&P closed flat and the NASDAQ closed up 6 points. The FTSE 100 gapped higher at the open but following the higher than expected CPI numbers turned to fall some 120 points where it bounced to close the session down 8 points. Futures - DOW is called down 20 points, FTSE is called down 5 points. Oil is trading at $125.77 a barrel and gold at $867.70.