Rare Monday Decline

This morning all of the major stock indexes in the United States and Europe are under pressure. Last night while the west was asleep the Asian stock indexes sold off sharply. The important Shanghai Index declined by 1.66 percent after China's trade surplus declined from $22.9 billion in November to $13.1 billion in December. The Bombay Sensex Index declined by 2.44 percent last night on interest rate fears due to high inflation. Everyone should remember that Asia is the growth engine of the world or at least that has been the story that has been sold to the public for quite some time now. The European Union problems seem to be continuing today as yields spike higher in Spain, and Portugal. This morning the Currencyshares Euro Trust is trading lower by just 0.011 cent to $128.58. The European Central Bank is buying European bonds the same way that the Federal Reserve Bank buys bonds in the Unite States via POMO in order to get those yields under control and stave off a panic. The domino effect in Europe looks to be in place as bailouts will be needed almost everywhere. The major stock indexes all remain under pressure this morning. NetflixInc.NFLX, and F5 Networks Inc.FFIV, and Citrix Systems Inc.CTXS are the few leading stocks that are trading higher just after the opening bell at the New York Stock Exchange. Therefore, it is important to note that these stocks have intra-day relative strength by trading higher in a down market. Should the major stock indexes find a low and bounce these leading tech stocks could trade higher. Until then use caution as the over stock indexes around the world look weak today. Nicholas Santiago InTheMoneyStocks.com