IIFT Daily Note with Peter Brown

Possible Range Trading

Posted by:  |  Time: 7:10 am  |  Topic:  |  Comments: 1
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Well we said sell on rallies yesterday. It rallied, we sold and it fell. Bounced back later and then flattened out. Looks like a market that is not going anywhere major. So let’s look at possible ranges.

Gold is 1660 1640,  S&P 1406  1394   Euro 1.3180  1.3280  USD Cad 9880  9940

Market seems comfortable within here, need news to break out. So we will play ranges until something substantial comes around.

One Comment

Peter Brown

March 22, 2012


The bad manufacturing figures in France, Germany and China have caused this market to break the lower end ranges. This market is now a sell on any pull back.