The stock market is lower today on continued worries out of Europe. The Euro is taking a beating and the Dollar is jumping again. As the Dollar soars, the markets are dropping. The S&P 500 has hit its master level of 1140. Should the markets close below this level, a break down is likely in place that will take the markets to their August 6th low and then lower. Semiconductors are strong, lead by Intel. Banks are also surprisingly strong. After being the worst performers, they are actually showing some minor strength today. Keep watch of the levels given. This will determine the rest of the week and possibly the rest of the month.
