Morning Call by Greg Secker

Last week the Dow Jones opened Friday with early weakness, as the index dropped sharply from Thursday's close. The index then rallied from the low, closing the day at 11,422. Today with only one piece of major news regarding manufacturing to tease the market there is little until tomorrow to indicate that decisive directional movement will be found. At home Friday’s FTSE closed up 98 points 5,416 and with no major market news at all this side of the Atlantic, the same lack of directional decision threatens to be the order of the day. Commodities continue to suffer as Oil has finally dropped below $100, currently at $99.09 a barrel and Gold is trading at $764.50. That’s it, have a great day’s trading, and I will speak with you tomorrow.