Today´s Market August 28, 2013

The market closed 0.41% positive after yesterday´s sharp drop, even though market participants are nervous as rumors are spreading of a possible military intervention as early as tomorrow. Pending Home Sales Index came in lighter than expected as the sharp increase in interest rates have curbed home demand.  The Oil market had sharp swings as WTI traded above 112 early to finally close at 109.35 . For the moment all eyes are on the possible military intervention but we must be attentive to the debt ceiling scenario and its terrible consequences for the economy.

Today´s Profit USD 335 (Portfolio Size: USD 25,000)

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