IIFT Daily Note with Peter Brown

We are range bound

Posted by:  |  Time: 8:11 am  |  Topic:
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Market is proving that while Spain refuses to ask for a bailout we have no interest in breaking out of the present range. The slightly better news from the US is acting as a counter balance.

There is activity in the market but well within the ranges.

S&P 1446  1432   Euro 1.2960  1.2830   Gold 1790  1750

Selling or buying at these levels is the trade. This could last quite a while unless we get a big story from somewhere.

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