APPROVED EUROPEAN BAILOUT . More importantly European markets are trading down AFTER the positive German vote! S and P futures are now trading as if the market will open sharply lower BELOW recent fat finger reaction lows. (that is where once made I would anticipate a bounce....no bounce at gross oversold is unlikely but could lead to panic)
NIKKEI japanese exchange has lost 6.5% over 5 trading days and has now fallen back below 10,000. Some A brain was touting them a buy at the 11,000 plus near term high.....JA
Recent EURO decline showed barely 2% bulls, a low should be in Euro, at Euro top 98% Bullish opinion.....hmmmm think there is a pattern here?
Recent Gold top showed 98% Bulls.
Bond yields on 10 yr hit bottom channel on inverse head and shoulders I was snooping....yields should rise from here for a time....breaking lower neckline would have cave yields....indicating extreme fear.
NOT GOOD , you'll remember March 2009 was the bottom of decline from crisis...so far.
"The Conference Board's Leading Indicators Index turned negative for the first time since March 2009 as the index declined 0.1% in April. The consensus estimate called for an increase of 0.2%. "
Freaky Friday? market "should" calm down a bit here....also opex friday
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