[su_spoiler title=”Monday-Wednesday’s Action: Stocks Plunge On Greek Woes” style=”fancy”] Stocks fell hard across the globe on Monday after Greece said it will default on its debt and shut its banking system for the week. Over the weekend, Greece said they will impose capital controls – which means they are closing their banks for the week,…
Housekeeping: Due to the shortened holiday week there will be no intra-week update tomorrow (unless the market has a huge move after the jobs report) and, as always, we will have a full report for you this weekend. Special Report: All Caps- Strongest Stocks of 2015 (As of 7/1/2015’s Close) Focus on Leading…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The Greece news remains front and center as stocks are trying to bounce today after Monday’s very steep sell off. The bounce does not look “strong” which is not ideal for the bulls. In the short term, the bulls are trying to defend the 200 DMA line for the Dow…
[su_spoiler title=”Monday-Wed Action: Stocks Rally On Greek Proposal” style=”fancy”] Stocks rallied nicely on Monday after Greece submitted a new proposal to its creditors. Germany’s Finance Minister Wolfgang Schaeuble said he does not see anything new in the proposal which quickly curbed the market’s enthusiasm. Meanwhile, economic data and M&A activity continued to help markets. Existing…