IIFT Daily Note with Peter Brown

Markets continue to be nervous

Posted by:  |  Time: 7:21 am  |  Topic:
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Market will start to focus on the Greek elections as we move towards Friday. However yesterday and today the market wanted to rally but was to nervous to do so. Euro was range bound between 1.2525 and 1.2440. The S&P found a good floor at 1300 and put in a strong rally at close. Gold spiked higher and may try to retrace to 1670

Secret today is bond markets again. Spain and Italy yields are key.

We are opening slightly better and the market is looking good first thing. Keep the plays short term we will turn to the downside tomorrow or Friday.

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