Thursday, July 22, 2010

European Stress Test

From the looks of today's action, it looks like none of the Europeans wanted to be short the market ahead of tomorrow's stress test.  We have hit the highs right at the European close and have been fading for the past 30 minutes. We will get the rosy results out of Europe tomorrow and that might be the end of the road for this rally.  Buy the Rumor, Sell the News! 

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