Greece is fleeced; Stocks Higher

A solid session to begin the week as Greece gets a deal and the market has three new horsemen. Over the weekend Greece was taken to the woodshed approving a deal the Greek people voted down just a week ago. The market did no care whether or not it was a good deal or a...

US Stocks Lower ahead of Holiday Weekend

The market is appears to be waiting on the Greek referendum on Sunday. Volume fell on the session as it appears many were ready to start the holiday weekend early. We cannot blame them one bit. Today’s action was neither favorable to the bulls or bears. Whether or not...

NASDAQ and Russell 2000 Notch more All-Time Highs

Economic data continues to be largely ignored as we did see a mix of economic data. Housing appears to have been better than expected while durable goods failed to meet expectations. Futures simply ignored the news and marched forward. Early morning gains were quickly...
Stocks Higher as Greece dominates Headlines

Stocks Higher as Greece dominates Headlines

At least for now Greece is not in default and sent into a death spiral. European stocks jumped the most with the German DAX jumping more than 3%. The US indexes benefited from the rise in European shares, but didn’t get the price gains. Volume was lower across the...

Small Caps Lead as Traders await FOMC Announcement

Stocks build upon yesterday’s gains, but volume slides ahead of tomorrow’s FOMC meeting conclusion. We are not about to argue with today’s price gains. Building on yesterday’s move off the lows is certainly good news. However, we continue to see this market inability...