Monday, 19 May 2008

Morning Call by Traders University

The DOW Fell at the open but bounced off the 12,900 level to end the session down 5 points just under the 13,000 level, watch for a break or bounce from this area. The S&P closed up 1 point and the NASDAQ closed down 4 points. The FTSE 100 gapped higher at the open and held on to those gains to close the session up 52 points. Futures - DOW is called down 20 points, FTSE is called up 10 points. Oil is trading at $126.69 a barrel and gold at $907.80.

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