IIFT Daily Note with Peter Brown

It’s quiet

Posted by:  |  Time: 8:28 am  |  Topic:  |  Comments: 1
Trading Is At Your Own Risk - Read Our Terms & Conditions

Real summer market now. Very tight trading ranges.

Euro 1.2385 on the top which is the 200sma on the 15min chart and the old 1.2330 on support.

On the S&P 1405 and 1390.

Nothing else to say really . Trade the ranges.

One Comment

Niall O' Connor

August 9, 2012

arrow

As we have had in many of the markets this week, I am expecting a good continuation of technical trading over fundamentals.

Not enough going on in this quiet month for me to expect the markets to break strong technical barriers, so I’ll be trading off these or at least until some big event causes a change in . In between these levels I’ll be staying out, 50:50 to me, which is simply trading for entertainment.

Bank small/medium size profits (30-80pts), catching big 300pt moves I expect will be highly unlikely.

and leave the Gold to Katie Taylor…. :)