This week's 7.6% surge in the market changes the game. We now have a trading range that will offer a host of investment opportunities but timing of buys is key.
Market needs to know European leaders, especially Germany, want to head off a meltdown that would creat global recession. That said, big rally possible.
The flow of negative news out of Europe persists, masking the fact action has been taken to address debt issues. Buying opportunity shaping up on pullback?
Institutions are steady buyers as evidenced by advancing prices with little volatility. More buyers coming from investors switching out of safe havens.
The S&P 500 has risen 12 percent in anticipation of a near-term solution of its bank/sovereign debt issues. The market has no room for a disappointment.
Progress was made by European leaders over the weekend, but definitive plans are not expected until Wednesday. Investors should expect volatility until then
Good news out of Italy and Greece buoys stocks going into the weekend, as risk level abates. The potential for an upside breakout per a move above DJIA 12,200.
It's decision time for Greece and Italy. Expect a sharp rebound into Friday possibly to DJIA 12,030 (S&P 500: 1255) - a sell off late Friday without good news.
Yet another twist in the Euro-drama and global markets are roiled again. No telling what will evolve this week, but it is getting close to a buy for risk-takers.
Expect a technical bounce this morning capable of reaching DJIA 12,895 (S&P 500: 1377) before Friday. Rally failure risk is high. Test of Tuesday lows likely.
The market is seeking a level that discounts foreseeable negatives and uncertainties (Spain, U.S. economic slowdown , Q1 earnings).Needs time for clarification.
Europe is quiet today, so it's all up to Q1 earnings to move the market. Odds favor a nice run in stocks in coming days. Still no room for a rally failure.