Not much new as Europe is back in the spotlight to start the week. From today's TheBigPicture, "Once again, the pesky Europeans seem to be grabbing all of the attention again. Moody’s downgrades Cypress Cyprus, and the likelihood of that nation-state needing a bailout is near 100%. Spain makes it official request for a bailout. All of which will be capped off by the European Union summit taking palce at the end of the week."

While there are many good looking charts out there, risk has to be controlled properly. We cannot forget that volatile, headline driven days are plentiful and continue to be dangerously unpredictable.

Stay frosty out there

Some updated Facebook analysis from my MarketSmith account. FB has had a nice run since my last update citing a $28 break as being the first step in the right direction short term.

Original post: Market Recap with GLD, FB, EXPE Updates