IIFT Daily Note with Peter Brown

Ukraine to dominate

Posted by:  |  Time: 7:38 am  |  Topic:
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With further sanctions to come and little in the way of resolution it looks likely Ukraine will dominate this weeks trading. We are on a roller coaster ride from one piece of news to the next. Without this story in the market I think we would be posting new yearly highs. However further sanctions will have economic impact and the question is how severe. It is a fluid situation and we can only trade from one release to the next.

So swing trading is put aside and we sell on red buy on green. Nimble and quick!

Conditions today are choppy

Levels are S&P (DFB) 1867 1857 Wall St (DFB) 16460 16360 Dax (DFB) 9485 9385  Gold 1306  1300 Euro 1.3850  1.3800

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