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Day: September 7, 2012

Gaps on both sides of the market here…

The chart below is of the S&P 500 emini futures and depicts 30 minute intervals.  Note the gaps on both sides of the market.  One or both of them should fill in the not too distant future    

Morning Thoughts July 9

New 1yr low for the euro on Friday (-86bp at 1.2285). Spanish 10yr back around 7%. IMF’s Lagarde said likely to revise global growth outlook lower. US NFP disappointed at 80k vs 100k consensus. However, bulls will point to the increased chances of QE3 Broad-based weakness with all 10 sectors lower and 23/24 L2 sectors […]

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