As always, in this news-driven, volatile environment, keep stops tight if you're still holding onto any positions. Most leading stocks are in broken-down positions within their overall chart patterns, and in most cases it is not necessarily clear that stocks are in low-risk entry positions. With the long 4th of July holiday weekend coming up, markets could simply drift with an upward bias over the next two days.
Market Lab Report - Premarket Pulse 7/1/15
|Published:||1 Jul 2015 12:31 ET|
Major averages closed higher yesterday on mixed volume. European markets are up 1% to 3% as Greek Prime Minister Alexis Tsipras is ready to accept the creditors' bailout terms after Greece missed a payment deadline yesterday at midnight Athens time. This could serve as basis for a new aid package in coming days, according to the report, and has U.S. futures up sharply this morning.
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