Greece – yes Greece is the reason for today’s rally.
You can wipe that “surprised” look off your face. But don’t let your imagination run wild because there is no deal in place. Yes, there are rumors and rumors of rumors, but there are just as many denials of those rumors as well. So what has changed? Absolutely nothing.
However, as always, I do have a bullish watch-list of stocks to submit to you for use in whatever way you’d like. SPX is setting up for a test of new all-time highs, as the Nasdaq and Russell are already doing that as we speak.
So far today we saw two solid hours of buying that looked like we would be trending higher the rest of the day much like we did on the two other previous large gap ups, but for the past three hours, a wave of profit taking has hit the market. But for now the bulls are defending the gap on the SPY. But get into that gap, and things could change very quickly for the bulls.
Here’s the bullish watch-list:
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