IIFT Daily Note with Peter Brown

Slightly bearish

Posted by:  |  Time: 9:20 am  |  Topic:  |  Comments: 1
Trading Is At Your Own Risk - Read Our Terms & Conditions

Sorry about the late blog this morning.

Shine has gone off the summit and we are back to reality. Some small short term bond auctions this week. Will be interesting to see how they are received. Don’t see big moves this week as we are heading to Christmas. Might settle back into ranges. 1.3280/ 1.3380 and 1145/1165 on S&P. Will need to get some big news to break out. Trade for 50 points.

One Comment

Niall

December 12, 2011

arrow

Keep an eye on Gold. If it closes below 1666 tonight it is a very bearish sign on the technical side.