Morning Call by Greg Secker

Friday’s close on the FTSE saw another 94 points wiped off the index to finish at 3,780 the Dow’s late rally in the last hour of its trading session indicates that the FTSE will find early strength but with little news out and even then, only of low impact, look to component news for the main thrust of directional decision . At its close on Friday, the Dow had rallied 600 points after a choppy day to close 494 points up at 8,046. Today look to a breach of the 8,000 level for decisive downward direction, or 8,200 for the upward indication. Oil is currently at $50.67 and gold is at $790.50. That’s it for now, good trading and I will speak with you tomorrow.