The euro swung from plus to minute this morning, suggesting a possibility of a new uncertainty. Look for the DJIA to trade in the range of 12,800 - 12,935.
Last week stocks soared after European officials hammered out a deal, but now investors are wondering whether the plan can be a long-term solution to sovereign debt crisis.
There are two storm clouds on the horizon that could force global equity markets lower, sharply hike interest rates on sovereign debt and create a super rally in the U.S. Dollar.
The Street is now worried about the magnitude of a slowdown in Europe, the stock market will need to find a new comfort level. DJIA 13,020. Watch for one-day reversal.
Negative reviews of last week's euro-summit are causing a sell off in stocks today. The DJIA stands to drop to 12,035 (S&P 500: 1240) today and tomorrow.
After a solid run of myth busting for the year, Michael McTague takes a moment to look back at the misconceptions affecting Wall Street and the global markets he dispelled for readers.
Six of the world's largest central banks took collective action today to make dollars available at cheaper rates in an effort to shore up the European debt crisis.
With pockets full of cash, China has more leverage than ever over European governments and businesses. What does greater Chinese influence mean for European businesses and culture?
The cost of borrowing money leapt for the embattled nation of Italy again as yields on six-month notes reached levels nearly double their rates just one month prior.
Looks like a successful summit. While uncertainties linger, the Europeans have a framework for solving problems. Profit-taking could set up a buying opportunity.
Resistance to today's rally starts at DJIA 12,100 (S&P 500: 1247). Another decline to DJIA 11,735 (S&P 500: 1210) by Friday possible as market seeks comfort level.
The market is thumbing its nose at the S&P European down grades - Euro-zone countries raising money at lower costs - good. Today's Rally Must Hold gains though.
Odds favor another leg up in the stock market. So much money is parked in safe assets. The stage is set for a surprise - out of L.T.bonds into equities.