1:05pm (EST)
We have our fingers in a lot of pies so our commentary will be short today as we have an open trade with headline news due out after the bell. Not only has today been busy, we expect a super busy week so stay on your toes.
The bulls have been a little lazy today after jumping out to an early lead. Perhaps they sent some of the herd out to test the waters but the bears appear ready to fight.
The Dow has trade above 12,000 but is down 78 points to 11,904 while the S&P is off by 9 points to 1,244. The Nasdaq is showing a decline of 30 points and is at 2,656.
The Financial sector is weighing on the market as Greece seems to be on the back burner while Italy has moved to the front on Europe’s hot stove. We used the weakness to sell our only open put option recommendation for a 33% gain but they continue to move higher as shares move lower.
We will be back in the morning with a full update but the action is inside. We are taking HALF profits on another trade that is up 80% so pay attention to our comments. Subscribers, check the Members Area for the updates.
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