Intraday Market Thoughts

Archived IMT (2009.04.27)

by Ashraf Laidi
Apr 27, 2009 12:59

Wells Fargo shares drop 3% after notable bank analyst Richard Bove downgrades the stock to a "Hold". Note that Wells stock touched a high of $21.40 (CORRECTION not $74) Note that on Friday JP Morgan ended lower despite S&P500 close higher. All signs of a down day in stocks are here, hence we could see USDJPY dragged to 96.00 and NZDUSD testing 0.56.


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