Monday, 30 April 2007

FTSE100 went up some 50 points earlier on and I am kicking myself for not having gone Long as I planned to do so before the market opened - what put me off from opening a position was at the time the US futures were going down slightly and as well as that the FTSE itself opened a few good points below its Friday's close of 6419.

Important release of PCE inflation firgures for the US is due to be released an hour before the market opens and the estimation is for a .1% rise compared with a bigger rise of .3% last time. I will not commit myself to opening any positions until I have a good reason to do so! Plus as PCE figures are a market mover, it would be best to stay away until later.

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