This was posted elsewhere in the forum but more on greece and ireland. if greece drops the euro doesnt the dollar take a defacto bump and the market...if driven on lower usd...take a dump?
10 minutes b4 market close.... another check for the bulls. The market is trying cling to a slight gain despite a better-than-expected retail sales number.
Though we are in a tight range, I will add that the % of investors looking for a correction is at a high. In the past, this has often led to choppy trading several weeks out. We have seasonality which provides the market a forward breeze, but in this environment, a false breakout is highly probable no matter how strong it initially appears. One thing noticeable today is that the market shrugged off the strength in the dollar. Thought I would contribute a post since I'm the OP...