[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Stocks rallied nicely last week helping the tech-heavy Nasdaq 100 breakout of its year-long range and hit a fresh 15-year high. The market was able to breathe a collective sigh of relief when the two big threats (Greece and China) were temporarily resolved. Stocks rallied after it became clear…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] On Thursday, the Nasdaq 100 broke out and hit a fresh 15-year high. Typically that action is healthy and bodes well for the other major indices. Greece & China, the market’s two big perceived “threats” have been temporarily removed (for now) which is allowing market participants to breath a…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The bulls are back in control after fear eased considerably regarding the ongoing situation in Greece and China. The worst-case Armageddon scenario did not unfold and more importantly, support was defended last week (200 DMA line and the March 2015 low in the S&P 500). In the short term,…
[su_spoiler title=”Socks Fall On Greek Woes” style=”fancy”] Stocks closed lower on Monday after 61.3% of the Greek population voted ‘no’ and rejected the terms of the latest bailout. The European Central Bank adjusted haircuts on Greek collateral for the Emergency Liquidity Assistance (ELA), but the details were kept private and not revealed in the press…