Bounce Day, But More Work To Do


Greek Prime Minister Alexis Tsipras said the International Monetary Fund bears “criminal” responsibility for the current state of the Greek economy.  Yes, things are going beautifully over there.

Our market didn’t care. The stock market ended the Tuesday session on an upbeat note with the S&P 500 adding 0.6%.  In addition to posting a solid gain, the benchmark index reclaimed its 100-day moving average (2,089) after settling below that level on Monday.

This sitting on my hands thing is getting old, so here are some new additions to our P&L. The  entries and stops, as always, are also on the P&L tab of the blog.

Here you go.

ADRO Buy the 36.50 area


BPMC went public at the end of April so it doesn’t have a lot of history, but the daily chart looks good.  Below is the hourly chart which gives you a better picture. Buy the 35.60 level.


See you in the morning.

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