Morning Call by Traders University

The DOW broke up through the 13,000 level at the open and traded up some 150 points before hitting the highs of two weeks ago falling back to closed the session up 41 points. The S&P 500 closed up 1 points and the NASDAQ closed down 12 points. The FTSE 100 closed up 72 points on the strength of the mining and oil sectors, could well see some profit taking in these sectors in the next few sessions. Futures - DOW is called down 15 points, FTSE is called down 30 points. Oil is trading at $127.22 a barrel and gold at $906.90.