Today´s Market August 1, 2013


The market pushed higher as the PMI Manufacturing Level as well as the ISM Mfg Index came in higher than expected.  Even though last month we were proven wrong as we tought the market was going to correct, we still maintain the view that this lofty levels are hard to sustain by the economic data reported on July. On the energy front WTI oil closed at 107,89 as overnight China reported aa PMI level above 50 which demarcates expansion. Tomorrow Jobs Report will have to be outstanding for the market to maintain current levels….

Today´s Profit USD 270 (Portfolio Size: USD 25,000)

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