We have a good setup for the bears again.
Yesterday, /ES rises as high as 1329 but fell as Ben testified
Below 1311, we have a good confirmation for the bears.
This remains a trading market with unknowns coming from Greece and Spain (for now).
Just got this in my email (Palm’s newsletter)
Palm webOS Phone to Arrive in UK, Ireland, Germany and Spain on Local TelefÃ³nica Networks.
WINDSOR, England, Jul 07, 2009 (BUSINESS WIRE) — Palm, Inc. (Nasdaq:PALM) today announced that the Palm(R) Pre(TM) phone is scheduled to be available initially in the UK, Ireland and Germany exclusively on the O2 network, and in Spain exclusively on the Movistar network, in time for the holidays. Palm Pre, the first phone based on the new Palm webOS(TM) mobile platform, brings your information from the many places it resides – on your phone, at work or on the web – into one simple, integrated view.(1)
“Europe continues to be an important region for Palm, and we’re proud to work with O2 and Movistar to spread the excitement Palm Pre has already ignited in North America,” said Jon Rubinstein, Palm chairman and chief executive officer. “Since we showed Palm Pre at Mobile World Congress in February, there’s been a great deal of anticipation for an announcement about European availability, and that day is here.”
Let’s see if we will see a new high again.