Stocks

U.S. Stock Market
Stocks

U.S. markets started out flat but eventually gave into selling pressure to lock in the 10 loss in 12 days and a new multi month low. 

Playing the Euro Zone Slide with iShares MSCI Europe Financials Sector Index Fund - EUFN
ETF

Technical screens found another ETF that has confirmed a weekly triangle suggesting continuation of the current bearish trend.  The pattern is confirmed with the Relative Strength Indicator (RSI) pushing below the trendline at the same time the moving average of the RSI is moving lower.

Gold Bars
Commodities

Looking at the gold charts today we find a solid bounce off support at $14.90 on the iShares Gold Trust (IAU, [stock IAU]).  iShares Gold Trust has been in descending channel since early February dropping over 14% since before bouncing off solid support

U.S. Stock Market
Commodities

U.S. futures take it on the chin after the U.S. weekly jobs report

Breaking News - Wal-Mart Earnings
Futures

Wal-Mart reports earning ahead of the bell.

Market Wrap Up
Commodities

This stock market has problems. Problems indeed! With what appeared to be an oversold bounce this morning was shattered on more negative news from the ECB cutting funding to certain Greece’s banks not to mention the FOMC statement about highlighting several members saw the need for additional stimulus causing the bulls packing once again.

Breaking News - Housing Starts
Commodities

Breaking New April’s housing starts are out:

Breaking News - Target (TGT)
Stocks

Breaking News – Target (TGT) out with earnings.