- The market is in a short-term uptrend based on peaks & troughs analysis on the hourly chart. I expect a corrective wave tomorrow, which would mean back and forth trading between negative and positive.
- The debt crisis in Europe remains unsolved and a recession is still expected in 2012. Fundamentally, based on macro analysis, I expect systemic risk to drive investing.
- We'll see what the trend is tomorrow and what EU leaders have to say about their plans for solving the debt crisis.
The information contained in this paper is based on or derived from information generally available to the public from sources believed to be reliable. No representation or warranty is made or implied that it is accurate or complete. Any opinions expressed in this paper are subject to change without notice. This paper has been prepared solely for information purposes and if so decided, for private circulation and does not constitute any solicitation to buy or sell any instrument, or to engage in any trading strategy.