IIFT Daily Note with Peter Brown

Tight ranges at the top

Posted by:  |  Time: 7:46 am  |  Topic:
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Another day of tight range trading while the higher levels hold. Should be fairly quiet today as we have Thanksgiving in the US. Some interesting economic releases out this morning, Spanish GDP etc. May move the market a bit. No major news on the horizon so we should remain at these high levels for a while. Certainly no sign of profit taking in stocks.

Small range trading again today

Levels are  Euro 1..3610  1.3550  S&P (DEC) 1808.6  1801  DOW (DFB) 16135  16055

 

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