IIFT Daily Note with Peter Brown

Market has settled down

Posted by:  |  Time: 7:47 am  |  Topic:
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Quiet trading is back. Yesterday we saw a 100 point range in the S&P and today is off to a quiet start. Certainly we are not getting the volatility we expected from the fiscal cliff talks. No resolution in sight but the market is quite calm about it so far.

Euro is on a slow climb. No news is good news here and the Euro story is now pushed into the new year.

S&P range today is 1416  1402   Euro resistance is at 1.3135  and 1.3175  support is at 1.3075

Going to be quite untill we get some new news. 30/50 points a good day

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