As Investor/Markets braces for tapering after better than expected economic data like GDP,PAYROLL etc..equity are trading near all time high The market got a lift from encouraging Chinese economic reports that came out over the weekend and helped Asian and European equities as well. according to some market observers. MarketWatch columnist Michael Gayed says big-cap stocks are all that’s left for the bulls, while Mark Hulbert is suggesting stocks that can withstand a market decline. Goldman Sachs says the big run for small caps is over. On the other hand, BMO Capital Markets says “the data simply do not support the correction talk.
Following are trade for today,
Following are trade for today,
- Sell Dow at 15800 stop above 15880 target open/15620
- Buy Gold at 1268 stop below 1258 target 1305 (3/5 business days)
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