Given the CPI figures, I think that the markets were pretty...

  1. 1,745 Posts.
    Given the CPI figures, I think that the markets were pretty weak. The big driver was the bank index and that looks like forming a reversal island pattern. Gold did not get battered and looks like holding support and actually turning indicating a defensive move. The FTSE did not follow.

    I suggest that you watch the Dollar Index because that is the barometer. The $index and Gold indicate that there is still a high level of uncertainty in the market. One sneeeze and we will all catch a cold.

    I am short XJO and the banks.
 
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$6.04
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-0.020(0.33%)
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