IIFT Daily Note with Peter Brown

Sell on rallies

Posted by:  |  Time: 8:17 am  |  Topic:
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Euro is in trouble. We have broken the 1.4150 area this morning. All the debt problems are set to resurface this week. Troika walked out of Greece on Friday! We are headed a lot lower over the next few months. Initial targets are through 1.3800. On the equity front the non farm payrolls on Friday were terrible. My target for the S&P is initially 1100, could be there this week.

So sell on rallies is the key, this markets is very nervous and the down moves could be large.

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