• Europe Debt Crisis Abates as Traders See Yield Spreads Narrow
• Yen Strengthens on Speculation U.S. Housing Market Will Be Slow to Recover
OVERALL VIEW:
Dow Jones : Broke 10580. BUY towards 10730 easy. Mid term Sell near
10730 level
USD Index : Should test 81 level again. Buy near 81 level
Gold : Buy to 1300 easy and Sell near 1300 level
Crude Oil : Sell to 70.80 level
Soft commodities : Super run in Softs signifying a possible sell in Stocks
soon
Bonds : Temporary bottom found at 129.00 level
SET50 : Uncertain today. Stay out
TAKE NOTE: PLEASE TRADE SHORT TERM FOR NOW. MARKETS THESE DAYS WILL NOT RUN A CERTAIN DIRECTION FOR A PROLONGED PERIOD OF TIME. TRENDS ARE HARD TO HOLD EVEN FOR MORE THAN 1 WEEK.
MAJOR ECONOMIC and WORLD EVENTS THIS WEEK:
26 - 28 October World Economic Forum on the Middle East and North Africa Marrakech, Morocco
OVERALL VIEW
Signs indicate that this week should be time for a retracement in US stocks. Firm soft commodities and bottoming Bonds point to a Sell in US stocks
TODAY’S TRADE
INTRADAY TRADES
NO TRADE ON TODAY
Please Note: That Trailing Stop is merely used as an option, it is not necessary to place it if you choose not to. For our company trade, we use
Trailing Stop)
FACTORS THAT MAY AFFECT OUR POSITIONS/MARKETS:
GMT
0830 UK Mortgage Approvals
Big Company Earnings
NO COMPANY EARNING ON TODAY
NO HOLIDAY ON TODAY
Open Positions (Unrealized Profits/Losses)/Closed Positions (Realized Profits/Losses)
TOTAL UNREALIZED PIPS = + 83
TOTAL UNREALIZED PROFITS/LOSSES = + $ US 830
TOTAL REALIZED PIPS = - 19
TOTAL REALIZED PROFITS/LOSSES = - $ US 190
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