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Sarkozy lead going into the second round of French presidentials could give CAC a bump tomorrow, which in turn could help US overnight action. Last week's rally was driven in part by put unwinding from bearish bets in March (short covering if you prefer), now bulls have to shore up their base. I am noticing some Yen strength once again, keep that on your radar (see earlier comments). Watch NQ (NDX future) 1864.75 resistance.
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