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The market is encountering resistance after a three day rally and it may be worth waiting out another dip before considering an investment. There are still deals to be had but the possibility for larger margins may be available later in the week.

The short-term traders who dominate China stocks these days pushed prices sharply lower Monday, seizing on news Greece may not meet its debt reduction targets and on growing worry over bad loans at Chinese banks.

Market up at open thanks to Jobless Claims. Market can't afford more rally failures. Bulls must drive DJIA above 11,600 (S&P 500: 1220) to gain control.

Gains in the U.S. and Europe helped Hong Kong open higher, but weak Asian markets pulled Hong Kong blue chips down nearly 400 points around noon.