[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] After all was said and done, stocks closed higher last week as optimism grew that a deal would get done in Greece. As mentioned in prior weeks, the “big” story here is not just Greece – it is the precedent that will be set and the broader ramifications for the…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] In the short term, the action in the major indices remains very sloppy as nearly all rallies continue to be faded (big institutions are selling rallies, not buying dips). The fact that Tuesday’s rally immediately failed and then today’s rally failed almost immediately after the open is not ideal. At…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Today is a BIG support day for the market. Earlier today the market opened lower and took out last week’s low, causing the S&P 500 and the Dow Industrials to slice below their respective longer terms 200 DMA line. Within an hour, the bullish pixie dust emerged and the bulls…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Stocks fell hard on Monday after it became clear that Greece would default on its debt and literally shut down their entire banking system for the week. Greece missed its latest payment to the IMF and became the first developed nation to default on their debt in modern history. In…