The market ran out of steam yesterday at 1363 on the S&P and 1.2670 on the Euro. These are now good sell levels. 1.2620 on the Euro failed to hold also and we reached the 1.2570 level. Bad news from the US knocked the shine off the S&P. We are heading into 4th July holidays so the market today will be fairly quiet. Expect tight trading ranges. In this market you only get a few chances to make a trade, so wait for the correct levels to enter.
Bob Diamond has now resigned from Barclay’s, looking for a new CEO (maybe I should apply)