Your MUST-READ Morning Stock Futures Cheat Sheet: London Whale disappoints

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The Precise Take –  London Whale disappoints

Big Picture Analysis – For a change of pace, headline risk emerged in the US after hours yesterday, as admissions about trading  hedging losses at JPM led to a quick test of 1344.00 in the ES.  While probes into the lower part of the recent trading range have led to sizable bounces, traders should heed the general maxim that the more times a level is tested, the more likely it is to break, and with size.  Consumer Sentiment at 9:55 am EST could be a market mover.

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