IIFT Daily Note with Peter Brown

Focus on Ukraine.

Posted by:  |  Time: 7:50 am  |  Topic:
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This market is all about Ukraine. As we see from yesterday the market is very nervous about the weekend referendum. Trading today will be based on mood not technicals. Chart points are of little use in this situation and will not hold. The money is to be made going with the flow. If the market this morning decides we have priced in the worst we will bounce. If the market feels the situation is set to escalate it will fall.

Given the massive moves I am not going to post technical levels as they will not work in this market.

Sell on Red Buy on Green, this is not the time to try to fade the moves.

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