Intraday Market Thoughts

S&P500 Takes out Key Average, as Markets Await Bernanke, New Trades

by Ashraf Laidi
Aug 9, 2011 4:23

The severity of the latest equities selloff is underlined by the fact that the S&P500 has knifed below its 200-week MA of 1155, the first decline below this key MA in exactly 3 years (since August 2008). See our latest trades what it means when we include the DJIA. Gold knows no limit as the combination of inevitable dovish language from Bernanke and the loss of global confidence. Our Tuesday Premium trades include 3 charts on silver, GBPJPY and EURGBP, as well as more trades on EURUSD USDJPY and gold.

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Ashraf Laidi


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