Looking for Short-Side Trades

What an odd week. Dip-buyers are certainly being given a chance to show their muscle and mustard. If the bulls can get the S&P 500 back to the pre-jobs data lows of the morning, they could call today a minor triumph, if not a victory. Given the continued strength in U.S. bond and even the precious metals, there is far more green on my screen than I would have expected. It's a bit of a head-scratcher to say the least.

I saw a few notes cheering the strength in the euro. I hate to be the "bear"er of bad news, but strength in the euro is not a sign there will be strength in equities at the moment. The positive correlation between the euro and the SPDR S&P 500 (SPY) took a header in February and the two have been moving in opposite directions since that time. In my view, equity bulls do not want to see the euro strengthen....144 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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