Tuesday, February 23, 2010

Europe is Weak

The market is clearly much weaker in Europe, and that is what is dragging down the ES.  I don't see much weakness in the US market.  It is those jitters again about Greece.  Its a good excuse to selloff and eliminate the overbought condition.  Greece is having a bond offering and it is sell first and ask questions later in Europe. 
I think we'll have a mild selloff today, but I am not very confident on that.  I will be watching and waiting for a better short entry. 

1 comment:

Anonymous said...

Long CNLG @ 2.01

OL Dawg