12/09/2014

All things considered.

All indexes are now close to a break on upside or downside. It can come today and must come during next week. There are no clear signs which way the indexes will take.

Today 14:30 news is US Retail sales, which can move the market. What is negative is the rising interest rates in the US. The 10 year yield this morning has taken a new high at 2.571 percent. The daily trend is strongly up and the target could be 2.89 during next week. Gold has taken a new low at 1.235 and seems to want to test 1.180, the longterm low. A break below that point would point to 800 as next main support.

The Ukraine crisis is getting worse with more sanction and heated debate and an unexpected move by Russia or NATO could affect the markets.

I cannot find any real good news at present.

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