IIFT Daily Note with Peter Brown

Tricky call today.

Posted by:  |  Time: 7:57 am  |  Topic:
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Yesterday the bounce was a pretty easy call after so much selling, and capped off a great trading run since last Friday. Today is a little trickier. Market has not finished on the downside but I feel but this bounce could go a little further. So today is a 50/50 call at best. Might sit on the sidelines. We have some news due, in the Euro and US but nothing dramatic.

Best bet is to hold back for a while and gauge the mood. Market conditions Calm /Choppy

Levels today are S&P (JUN) 1870  1860 Wall St (DFB) 16470  16380 DaX (DFB) 9600  9500 Euro 1.3880  1.3830 Gold 1325  1300

 

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