IIFT Daily Note with Peter Brown

Stabilised

Posted by:  |  Time: 6:44 am  |  Topic:
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After yesterday’s early morning falls the market stabilised. The production figures were bad so the market should not recover too far.

Very quiet session overnight and a quiet look to the start of trading. Could be a calm day to day or if we get some news we might get a chance to set some shorts. Certainly the macro view is getting worse, especially for the Euro zone. No growth and the possibility of recession. So sell on rallies is the key. Because we broke out of the range yesterday it is hard to set the sell levels. You need to let the market find the top.

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