Monday, March 18, 2013

Cyprus Bailout Sends Asian, European and US Markets Lower...


BMO – ES -12.50 and NQ  -21.75futures point to a lower open in pre- market
SPY is down -1.46 following a Cyprus bank deposit tax as part of a 10 billion Euro bailout over the weekend.  Apparently if the parliament fails to ratify the proposal, a Euro exit is considered a potential risk.  Asian and European markets were lower overnight.  It is likely that worldwide stocks have dropped more than the $12.9 billion bailout.  Do markets overreact?

XLF is down 21 cents…
Euro is down 133 pips…
TLT is up 99 cents…


Follow your rules for entry and exit…adjust stops to protect profits at this time according to your rules...

Quoting Up:  TLT, UNG, FAZ, ISRG, GOLD

Quoting Down:  FAS, NFLX, LNKD, PCLN, GOOG, AMZN, FOSL, EXPE, AAPL, SHLD, AMGN, STX, GS, IBM, DE, SPY, VMW, V, TBT, SLB, C, CRM, CHL, MOS, LVS, RCL, URI, JNPR, FCX, FSLR, UCO, WDC, ATI, JNPR, SWI, X

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