IIFT Daily Note with Peter Brown

Downtrend

Posted by:  |  Time: 6:56 am  |  Topic:
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Stong down trend taking place up to year end. Euro broke 1.30 yesterday and the S&P is touching 1200. Commodities getting murdered.

This market is a sell, the important thing is your entry point. Can we get a bounce first thing. Worth waiting to see.

The trend will continue in the abscence of any positive news. Stay away from trying to bottom fish oil and gold, these markets are crazy, no stop is safe.

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