IIFT Daily Note with Peter Brown & David McWilliams

Rally over?

Posted by:  |  Time: 7:38 am  |  Topic:  |  Comments: 4
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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)

4 Comments

myles

July 3, 2012

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no i dont think so peter, you stay where you are and keep teaching us. ha ha.

Stephen Donnelly

July 3, 2012

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Go for it Pete !!

Graham Dunne

July 3, 2012

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Go for the Barclays number!! Then give me a job!! 5 mths trading but I can’t be as bad as half of that lot!! Promise not to loose to much.. ;-)

Shane Bell

July 3, 2012

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I think I might go for it, all you have to do is not point the finger at the people who knew all along and cash your cheques in Panama