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  • Text HighLights: Yesterday’s Video

Text HighLights: Yesterday’s Video

randholm
September 15, 2014 9:38 am / Published in Market Update

Text HighLights: Yesterday’s Video

GOLD:

“ The bearish impact of the ECB’s QE was clear last week with gold making a major technical break to the downside. This is what we expected to happen following the announcement of a targeted quantitative easing program, which, by being likely to stimulate the European economy, is bearish for gold.”

 

Equities:

“The stock market has retreated from the highs made two weeks ago with the S&P closing at 1985.54 on Friday. However, the economic situation is still strengthening, which means that it is unlikely that this is the beginning of a change in trend.”

 

Today:

The opening prints are not strong today.  Please start to consider taking profits in High Beta Stocks if we break 1980 in the ES Sep Futures

 

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