More Uncertainty – October 18, 2011

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Well, the market hates uncertainty and yesterday’s German risk wake-up call right on major floor resistances could only postpone fresh buying appetites and spur profit-taking.
The robots’ neutral stances are in line with the renewed uncertainty.
Today’s multi-pivots news-neutral outlook is very mildly bullish for IWM but strongly bearish for GDX. “News-neutral” is of course the key word, especially before AAPL’s earnings due after the close today.
Billy

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