Dow Searches for Direction Ahead of Europe Debt Decision

The Dow has now changed directions 10 consecutive days as it awaits word from Europe. Yesterday, the early rumor was that there would be no announcement coming soon. The market then reversed when it was announced jointly by Germany and France that a bailout plan will be completed by Wednesday. As I’ve mentioned all week, little else matters right now until this gets resolved. The markets will remain susceptible to rumors by firms (and websites) with agendas until the final plan is announced.

The above is from Larry Connors’ Daily Battle Plan.

To learn more about the Daily Battle Plan, click here for more information.

Larry Connors is founder of TradingMarkets.com