Stocks fell today as volume across the board rose. Sure, fears over Greece is pretty easy to blame. However, this market has been in a steady uptrend and seeing a bout of selling is not out of the ordinary. According to IBD the distribution day count has crept higher throwing caution to the wind. Higher levels of distribution can lead to market declines. The good news is the S&P 500 is above its 50 day and the NASDAQ and Russell 2000 remain above their respective 10 day moving average. There are still positives in this market and we will remain steadfast with executing our trading process.

AAPL had been able to recapture its 50 day moving average. Unfortunately, by the end of the session sellers were able to knock the stock down and forcing it below its 50 day moving average. While it was able to recapture its 10 day moving average the day’s candle is less then desirable. On the negative side was NFLX’s reaction to the announcement of a 7 for 1 split. While it had already announced a split was coming the details of a 7 for 1 split were released last night. Not the type of action you want to see from a few market leaders.

There are stocks like MEET and MNGA moving intraday. Our chat room has been all over some of these intraday moves. We post an intraday watchlist every morning for our platinum subscribers. For example MSCC was on the watchlist and the stock broke out in higher turnover. Not a huge move, but the stock broke out of a 3 week tight pattern. These moves in stocks intraday will help your trading success. If you are not already become a platinum member by going here. Use coupon code SUMMER to get 40% off!! Hurry the coupon code expires June 30^th.

It is pretty easy to blame every move on Greece at this point. Unfortunately, it will continue until the country defaults or we get a bailout. All we are focusing on is price. Guessing which way the Greece situation goes is anyone’s best guess. Sure, they will get a bailout. What happens if it is Russia providing the bailout? Does that automatically mean the markets go higher? There are a few scenarios we can run through, but no one has any clue how the market will react. Simply follow the trend and have a robust risk management strategy. This is what we do. No need for gurus or crystal balls.

We will see how this market shapes up heading into the weekend. In the meantime, ignore the noise and focus on price.