Not much new on the technical front this morning. Yesterday’s gains did improve things moderately, but as of 7:00 am ET, it appears as if a lower open for stocks will reverse those gains.
There is some good news out of Europe today related to the ever important debt markets:
Spain, Ireland and Greece sold almost 10 billion euros ($13 billion) of debt, with demand rising for shorter-dated securities, on optimism the European Union’s aid programs will contain the region’s fiscal crisis. (Full Debt Story).