Rumors and headlines out of Europe are once again in focus as the market struggles to find any sort of consistency. To learn more about what actually is going on with the latest 17 country TARP style "banking union", head over to today's Daily Ticker.
The bottom line though remains that in a headline, rumor driven market, retail investors lose. Maintaining a heavy cash position (if not sitting on the sidelines completely), using tight stops, and maintaining smaller position sizes is the only low risk way to put capital to work. There is no way to predict what tomorrow holds in store when a single headline can push market futures up or down 1% in minutes.
Updated market analysis below. See you back here tomorrow.