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Tuesday 3 September 2013

Stock Market Analysis

More than 2 million people have fled Syria
Attack on Syria is delayed as Obama seeks UN authorization, trying to gain more support

Russia detected 2 missiles launched & it caused the market to plunge, only to find out that it was just a missile test by Israel
The market rebounded as no sign of attack against Syria yet provided short term relief
But that doesn't change the fact that Israel is signaling that it's ready to attack

France released an assessment that identified the Syrian government as the only possible culprit for the use of chemical weapons
France might also be ready to attack as it has 900 soldiers in Lebanon, near Syria

S&P 500 should trade in the range of 1640-1650 because of uncertainty
Look to buy around 1640 if it rebounds & sell around 1650 if it drops back

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