[image] [su_spoiler title=”Monday-Wednesday’s Action: Bulls Defend 200 DMA” style=”fancy”] Stocks fell hard on Monday dragged lower by a huge -8.5% decline in China’s Shanghai composite. A lot of technical damage occurred on Monday as the Dow Jones Industrial Average and the small-cap Russell 2000 index both sliced below their July 7, 2015 near term low…
[su_spoiler title=”Monday-Wednesday’s Action: Stocks Drift Lower Top Of Range” style=”fancy”] Stocks edged higher on Monday helping the S&P 500 rally into resistance (top of year-long trading range) near 2130 area. The Nasdaq 100 and Nasdaq composite jumped to fresh 15-year highs and continue to out-perform the other popular indices. Overnight, the big story was a…
[su_spoiler title=”Monday-Wednesday’s Action: Stocks Rally On Greek Deal” style=”fancy”] Stocks soared on Monday after lengthy negotiations between Greek officials and euro zone creditors produced a framework for the third bailout package for the tiny nation-state in the past few years. The latest agreement includes EUR 25 billion in bank recapitalization funds to help keep…
[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…