IIFT Daily Note with Peter Brown

Another day with a strong bounce back on the S&P

Posted by:  |  Time: 6:38 am  |  Topic:
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Market followed a similar pattern yesterday. A sell off followed by a bounce. We remained within the recent range and still have not broken to new highs. Today might be the same pattern. Will the Irish debacle have an impact. I doubt it.

Levels are 1498 1500  to 1510

Euro is range bound 1.3480  1.3600

Watch for the mood in Europe first we are seeing volatility but no new highs or lows.

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