IIFT Daily Note with Peter Brown

Quiet ranging market

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Slow start to the year. Market ranging but mostly supoported. Earnings season started in the US yesterday but don’t expect many surprises. The outlook for 2013 is pretty clear. Slow growth and a few major hurdles to overcome.

S&P well supported despite a fall back yesterday. 1462 is now a mojor resistance area support comes in at yesterdays low 1446. All these sell offs are buying opportunities.

Euro is 1.3040  1.3140 outside range. 1.3100 short term resistance.

Elsewhere we are sidelined.

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