Market Update for Week of May 14th 2012.

Bearish flag and looking for a move down early monday, but news out Sunday night can change the outlook. Worries on Greece still overhang market, and this weeks watch list has great set ups for any market conditions.

link to Video: http://youtu.be/BVNoDYB90MI

Wall Street: Money Never Sleeps" has an appropriate subject for a sequel: money.The
follow-up to the 1987 film "Wall Street," which premieres this week at the Cannes Film Festival, is following in a sturdy Hollywood tradition -- extending stories and characters in search of a bigger bottom line. It's a strategy that almost never fails, says S. Mark Young, a professor at the

The growth of illegal file-sharing could cost European countries 1.2m jobs and 240bn euros (£215bn) by 2015, an industry report claims.The study, commissioned by an industry body and endorsed by trade unions, studied the impact of web piracy in Germany, UK, France, Italy and Spain.

Iceland has all but given up on agreeing a new deal with the UK and the Netherlands to repay more than 3.8bn euros ($5.2bn; £3.4bn) of debt.It had hoped to avoid a referendum on the issue by agreeing a repayment plan before the weekend, but the vote is likely to go ahead on Saturday.