Steen JakobsenSteen Jakobsen , Chief Economist & CIO, Saxo Bank
Denmark, 14 August 2012 at 13:13 GMT+0
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RISK ALERT & Trading opportunity:
S&P could be a good sell here with limited risk @1406.75 (S&P Sep future) with stop at 1415 on a close.

Dow Theory and general divergence makes it worth risking 8 S&P points for upside.

The data from the US was stronger, but...reaction was to reduce chances of QE as Gold sold of immediately.

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Saxo Bank provides an execution-only service. The material on this website does not contain (and should not be construed as containing) investment advice or an investment recommendation, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Saxo Bank accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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