IIFT Daily Note with Peter Brown

Correction over?

Posted by:  |  Time: 8:37 am  |  Topic:  |  Comments: 1
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Is that the correction? Think we will settle down to normal markets now. Expect ranges around 120 points on the S&P and 100 Euro/USD.

Hopefully technical trading will be back. Pivots will be a bit far apart today but over the next few sessions we should see some good opportunities.

Mood will swing from risk off to on , but hopefully not 4 times a day as we have been experiencing. Should get 1 or 2 chances in the day.

One Comment

Paul

October 28, 2011

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Hi Peter,
One of your students here. Was today a difficult day to trade? The EURUSD and S&P just seemed to stay in very small ranges all day and didn’t even get close to a pivot? Every time I thought the S&P was starting to move, it would change direction and knock out my stops.

Paul