I think the market is being gamed here for the exact same reasons mentioned earlier today in the A.M. Update.
One of the first places I looked on the initial rumor was TICK, although it saw volatility, it didn't break the trend...
What better way to sell in to the highs on a possible Greek Lehman weekend than to put out a story, unsourced that creates demand to sell in to, the same reason in the A.M. Update.
I feel adding to the QQQ put position,Trade Idea: SPECULATIVE QQQ is a difficult decision, it still feels like a speculative move, but I have to go with what was expected with the 150 day support put in place, the sentiment changing rally and this BS news story.
I'll be filling out the QQQ put position.
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