U.S. equities were hopeful and traded to the upside at the open. Trying to forget yesterday’s beating proved to hard for the bulls. As a result Europe began to pare all gains and closed in the red helping U.S. markets to go negative.
Currently the DOW is off 35 bones while the S&P is off 5. Analysts are calling for support on the S&P initially at 1375, 1363, and then 1319. At 1319 we would be in a 10% correction and typically where many investors have stepped in to buy over the past few years.
Oil is all over the map currently up $0.76.
Gold is up $9.
The greenback has softened and treasuries are being bot.
$AAPL breaks further into bear market territory; currently down $11.19 $546
European market closing prices
[youtube://http://www.youtube.com/watch?v=WJDnJ0vXUgw 450 300]If you enjoy the content at iBankCoin, please follow us on Twitter
