Last night’s open saw a number of markets gap higher on the open on news of a new rescue plan for Spain’s banks and good data from China. Opening gaps should be a signal for you to pay attention to a market as they...
Read MoreOver the weekend we got news of a bailout plan for Spanish banks and a not-so-bad round of Chinese data. The Spanish bank plan helps (at least temporarily) reduce fears of creeping contagion in the Euro financial system while...
Read MoreThe G-7 finance ministers had a conference call to try to coordinate their response to the EU problems and economic slowdown. However, there were no concrete proposals out of the confab and a bump from the meeting is starting to...
Read MoreYears ago I read an article that Larry Connors wrote about a trade setup he called “If They’re Late, They’re Dead”. I can’t remember how his setup worked but the name is a good way to think of what...
Read MoreEurope has the markets on edge (again) today. Italy saw poor demand at 5 and 10 year auctions today and the yield on Spanish debt rose sharply as well. There’s concern about Spain’s ability to recapitalize its...
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