Since it appears, any comprehensive solution to the Greece debt crisis is still a long way away, this week we will turn our attention to some ideas for the upcoming earnings reports.

When the European banks accepted a "voluntary" 50% haircut on their Greek sovereign debt it cleared, away one of the main sticking points to the European rescue plan setting off euro strength and a dollar decline as "risk-on" resumed.

Since the Europeans delivered what appears to be the first realistic steps in alleviating the sovereign debt crisis the equity markets are considering it quite a Halloween treat.

Trade selection using volatility as the primary criteria. Different trades for different volatility opportunities.

European leaders will now meet twice, first on Sunday and then again Wednesday, in an effort to find a comprehensive strategy to solve the debt crisis that began in Greece.

Trade selection using volatility as the primary criteria. Different trades for different volatility opportunities.

Just as the markets were starting to hear about the outline of a credible debt-restructuring plan for the Eurozone, news began leaking that Germany wants a 50% to 60% write down of the debt held by the private banks after they had previously agreed to a 21% haircut on their Greek debt holdings.

Trade selection using volatility as the primary criteria. Different trades for different volatility opportunities.

While much of the financial world was anxiously awaiting word on the German Bundestag vote last Thursday, news began appearing about a slowdown in the Chinese property development sector and that the authorities thought cutting off credit to poorly managed developers was desirable as they were intending to encourage consolidation in the sector.

In this Digest we offer some thoughts on gold and new ideas that should be less dependent on the near term market direction.

On Thursday, the Bundestag will vote on the bill to reform the European Financial Stability Facility (EFSF).

Trade selection using volatility as the primary criteria. Different trades for different volatility opportunities.