To get ready for your new trading week around financial market or related ones, just check out the financial review to see what Pitguru Frank LaMantia has analyzed for you.


World stocks have sold off as concerns grow. The S&P as mentioned before has two potential support levels, one which has already been reached. The next support level is the 1245.00 area which could be reached as mounting concern over sovereign debt and U.S. deficit continues. HSBC is trying to sell-off its credit card business of over $33 billion, to slash costs and to slowly phase out of its retail banking.

The Federal Reserve will be phasing out of its government bond purchases, after its last buy of $50 billion. June 30th will be the last day and the financial sector will receive just a small portion of the $100 billion it has been receiving from the Fed. The money that has been pumped into the system to prevent a depression or another recession will hopefully have been enough. Some expect bonds, stocks, gold, and the euro to fall after....

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