IIFT Daily Note with Peter Brown

Quiet ranges for the rest of the week.

Posted by:  |  Time: 7:27 am  |  Topic:
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Market was pretty quiet yesterday until the last few hours. There we saw a small rally followed by a sell off into close. Thanksgiving kicks in today so do not ecpect big moves. As we said yesterday there is nothing in the way of bad news on the horizon so the same pattern may continue. Small corrections will be bought into and we continue to make new highs. Elsewhere we have a German government, not much market reaction to that. It is a day for tight range trading I think, so levels are important.

Euro 1.3600  1.3555  S&P (DEC) 1807  1800  Wall St (DFB) 16120  16055

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