IIFT Daily Note with Peter Brown

Trading day

Posted by:  |  Time: 7:39 am  |  Topic:
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Trading day today at IIFT. Let’s hope for a good one.

We had both sides of the market yesterday. First the fall to 1350 in the S&P then a very strong bounce.

We are currently at highs in the S&P at 1366 and 1.3360 on the Euro.  The big move overnight has been the JPY. Big weakness against the USD and the Euro. Today we are miles from Pivots on the S&P and the Euro. Over all the market should be positive but we need  a better entry point.

This afternoon should be volatile as the S&P has 1370 in it’s sights or a correction?. We need value on the charts for an entry. Must wait for the first move and go with that.

 

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