Milanese stocks rose during the session on Monday, as the 15,300 level continues to offer support. The MIB certainly looks like it’s range bound with an upward bias at this point time, but the fact is that it is going to be difficult to be long of Italian stocks while the bonds start to increasing yield in that country. The cousin this, we are avoiding the MIB at this moment in time, but think eventually we should get some type of clear signal in the vicinity of 15,000.
If 15000 gives way to the sellers, we think that this market could fall significantly. It is because of this that we are watching this marketplace very carefully, but truthfully we just simply do not traded much. It needs to be a situation where it only has its finances in order to get us to become aggressive traders, but we do understand the fact that if this market let’s go, we could see a significant fall and we certainly would be willing to take advantage of it.