Let's get serious... Spain is the fourth largest economy in Europe and it is asking for a 100+ billion Euros to bailout the banks. That's got me really concerned and I don't believe the politicians have an answer that they can live with and stay in office. All politicians have done for the last 2 1/2 years is kick the can down the road and there's no indication that is going to change anytime soon.
Now look at Greece, a small economy compared to Spain, but here you have the prime minister and his finance minister suddenly ill and not able to attend the 14th summit meeting on the European problems on the 28th. What does that mean? Well, it's a delay tactic and once again kicking the can down the road. No politician wants to face the inevitable. I think there's going to be a lot of pain and some major haircuts involved, it's impossible to avoid that. If you did not see my video this past weekend on the S&P 500, I strongly recommend you watch it and see the conclusions I draw from an amazing recurrent pattern.
3 STOCKS ON THE MOVE TODAY:
The following stocks had monthly SELL signals based on our Trade Triangle Technology and liquid volume of over one million shares traded daily.
WESTERN DIGITAL (WDC), COBALT INTL (CIE) and BED BATH AND BEYOND (BBBY)
TODAY'S MARKET MOVING SECTORS and STOCKS:
Percentage changes in stocks are relative to the S&P 500
|CONSUMER GOODS: -1.76%||Biggest Loser FOSL -5.63%|
|SERVICES: -1.99%||Biggest Loser LUV -4.59%|
|HEALTHCARE: -1.60%||Biggest Loser THC -5.08%|
|ENERGY: -2.90%||Biggest Loser CHK -8.15%|
|TECHNOLOGY: -2.56%||Biggest Loser AMD -5.92%|
|FINANCIAL: -1.92%||Biggest Loser CBG -3.93%|
|INDUSTRIAL GOODS: -2.22%||Biggest Loser TEX -9.40%|
|BASIC MATERIALS: -2.21%||Biggest Loser TAHO -6.82%|
|UTILITIES: -1.05%||Biggest Loser ADGE -7.81%|
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology. Click Here to view today's video