Down go the stocks

Weaker than expected data out of the US has the stocks moving lower with the YMH0 at the hourly 200 lwma, Crude is sitting right on the 38.2 fib level and hourly 300 ema and Yen crosses have  moved lower following the stocks. Gold sits  just  above  the  hourly 200 lwma and the 50% fib.

Mr Trichet is currently speaking and no doubt the market will be listenning for his comments on Greece and other troubled Euro zone countries facing similar budgetary problems.