Current thoughts on Sentiment
26 Euro Nations agree to agree = positive
UK agrees to sideline = neutral
ECB hands out unlimited low interest loans = positive
China, Brazil, Korea can invest in Euro = positive
US growing = positive
Global banks under pressure = negative
Europe Growth under pressure = negative
Commodity prices at a low = positive
LME stock levels lowish = positive
Even though the markets are pressing up against strong resistance and SHOULD retrace, there will be more than a few calling for a rally....
If the plan was to put the Euro nations in a pressure cooker to force their hands....then this has been achieved.....The question is...will SM take this to higher levels as the job is now done?
penny's - dusting off the banjo - monday, page-3
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Last
7,889.6 |
Change
72.800(0.93%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,816.8 | 7,902.6 | 7,816.8 |
| XJO (ASX) Chart |