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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 683.21+0.2%Jan 2 4:00 PM EST

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To: sandeep who wrote (14330)2/21/2011 2:49:44 PM
From: fred woodall1 Recommendation  Read Replies (1) of 221191
 
Besides Germany, much of Europe is having a difficult time which is raising question about recovery. Bank of Scottland is dumping 1.6B in commerical loans which started heavy selling in the Fin. sector. Many banks down 3-4%.

Italian shares were hit hard with the FTSE MIB indix falling 3.6%. Exposure to Libya.

Got Gold? Above $1400 now...Clown buck..doesn't matter at this stage compliments of the FED and a non-American government.

Besides the protest spreading to Saudi Arabia and Iran, two Iran ships will be passing the Suez Canal on Tuesday. It would be the first time in three decades that Iranian military ships have traveled the canal. Israel won't stay idle for that.

Might be an excellent entry point to short on a move up. I'm thinking tech. stocks...
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