Stocks had a great day on Wednesday as Greek talks were said to be positive. At this point we had weak price action we were bound to have a snap back rally. Volume was higher on the exchanges across the board is a good sign. Remember we have the FOMC meeting next week as well. We cannot argue with such a strong price move even if it comes from oversold conditions. Today was a solid session and we will look to this market to add to its stellar session.
Will we actually get some follow-through from today’s session? Or will we just fade this bounce? So far, this market has been very choppy with every attempt to breakout has been thwarted. Today was a solid session we just need to see this market show some follow-through. What has been following through? Almost every single long position we take. If you are lagging this market, come join us. Our returns continue to shine bright while this market chops around.
Lets see if this market can actually follow through on these gains, on Thursday. Aloha.
