The Wrap 6/21/11


The bulls grabbed the brass ring today. The Nazzy was in charge , but the DOW and S&P showed up too. All of the most oversold sectors had snap back rallies as the shorts got squeezed.Greece won their  confidence vote, but no one is confident and frankly they are doing shots of Ouzo right now, I don’t mean the powers that be in Greece, but France and Germany (drum roll).

Futures are flat right now and we had two stocks trigger today: HS and SBH.  ABV which recently triggered, continues to act well.

The list is light right now, and I will call them as I see them going forward. The Fed is up next over the next two days and I don’t expect a big change from the “money printer” from the genius he pontificated a couple of weeks ago.

No new names tonight. See you in the morning.


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