Stocks under pressure at open...

More European BS here at the open.  Traders using the European uncertainty to try to take away recent gains. 

Dow -236 to 11715
Nas -60
S&P -27 to 1225

Need to pay attention to the 1200 level on the S&P.  We need to hold that level if we are going to move forward.  Earnings for the most part have been positive, so stocks should move higher from here.