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Friday, March 29, 2024

Comment by phil

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  1. phil

    Wow, quite the sell-off at the Futures open.  S&P down about 40 points is 2% at 2,055.  I see 17,569, 2057.50, 4,409 and 1,261 and of course 4,400 on /NQ and 1,260 on /TF SHOULD be bouncy so good for a long play but out if they fail or if Dow (/YM) fails 17,550 or /ES fails 2,055.  

    Gold hit 1,189 despite the Dollar hitting 96.69 (now 96.44), Euro hit $1.095 (down 1.5%), Pound $1.57, Yen 1.224 (remember I said the strong Dollar wouldn't help the Yen in this case?).

    Oil $58.78, nat gas $2.75, gasoline $1.99 (and NOW we can buy more /RB again), silver $15.97 and copper $2.63.

    On the whole, I don't have a lot of faith in the markets coming back as this Greece thing is a real mess but still, a spike down deserves a bounce – just be happy to make quick profits. 



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