Short-term market developments
Comment of the Day

October 17 2011

Commentary by David Fuller

Short-term market developments

David Fuller's view Briefly, many stock markets show short-term overbought conditions following strong rallies earlier this month. These encountered resistance in Europe and the USA today and are susceptible to a partial retracement of recent gains.

Conversely, government bond prices and the USD checked their recent declines today. Commodities are susceptible to further contagion selling if stock markets pull back in a volatile fashion.

Probable short-term trend changes are discussed in considerably more detail in the Audio.

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