IIFT Daily Note with Peter Brown

Volatile market set to continue.

Posted by:  |  Time: 7:22 am  |  Topic:
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S&P rose to 1640  on Friday. Fell off to 1618 and is now sitting at 1630. Amazing moves with little news. This trend is set to continue at least untill Wednesday when we get the FOMC and Ben Bernanke. After all he started it!

So trading will be up and down , no clear direction and volatile. Trading is simple if you stick to your 75 point limit. Up days have been fantastic.

Levels are S&P 1640  1624   Euro  1.3400  1.3300     have a good week.

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