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1. Global Rates: The Bank of England (BOE) is due to announce any interest
rate decision around 7:45am ECT Thursday morning. A rate hike appears
likely. Depending on the amount of any hike,...the European Central Bank
(ECB) will follow. This would add Europe to the global trend toward higher
rates. Notice that Australia raised their interest rates by .25% last
night,..their first rate hike in five years.
Economic numbers out Friday include the Jobs Number and Unemployment Rate.
2. I view 11-03 as a potential SP500 turn date,...being 13 mkt days from
10-15 (SP500 1247.41), ..suggesting a logical energy point (for a turn
lower?). In support of a short term high,..the Equity and Index P/C ratios
have been weak past three days. If we move lower,...then perhaps down into
next Tues 11-09 which is indicated as likely significant date.
Any thoughts? Thanks, Jim Pilliod jpilleafe@xxxxxxx
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