sp'60min
sp'daily5
Summary
The week sure isn't starting so great for those holding short across the weekend (including yours truly). but the market will be exceptionally vulnerable to very powerful downside reversals throughout this week.
A net daily decline remains VERY viable.
First downside target for the equity bears should be a daily close back under the sp'2100 threshold.. a mere 0.5% lower.
My guess.... the Greeks will keep stalling until end month... when the can might get kicked for another month or two.
Such a stall should mean equities will be under pressure this week... and right now, I would be surprised if we don't take out the recent double floor of sp'2072.
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Doom chatter, Hunter with Griffin
I certainly don't agree with a fair bit of what was touted in this, but Griffin is still worth listening to.
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Greek chatter from poster jberni
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*overnight action.. China was actually shut for a public holiday... lucky for them, considering the huge Friday break lower.
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Have a good Monday
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9.13am.. clown finance TV - Cramer '.. there were no [Greek] bank runs'.
Yeah... sure there weren't.
Somewhat amusing to see the mainstream in near total denial.. until the day that Greece walk away into the sunset, default.. and eventually leave the Euro.