Brick charts can make visualizing support, resistance and trends easier to interpret than daily price charts, by filtering out some of the noise in price fluctuations.

The traditional name is “Renko” charts, which was translated into English as “brick”.

Bundesbank President Weber has been the most candid to date about what the ECB could do in case Greece is downgraded again, especially by Moody's.

Recall the problem: Prior to the crisis, the ECB would take as collateral only paper rated A- or better. During the crisis they have extended it to BBB-. It is due to revert back at the end of the year. Fitch and S&P rates Greece below A-, leaving only Moody's above the normal threshold.

The volume of share trading for key index funds is going down while the price is going up. Should we say the smart money is quietly accumulating shares, or should we say that the smart money is on the sidelines while the dumb money pushes prices higher?

TrimTabs reported that mutual fund cash positions are very low at about 3.6% after an unusual reduction in cash positions in the past month. When mutual fund managers unload cash, markets generally go up.