Today’s Trading Recap

Google Thursday

How can you recap the market today without mentioning GOOGLE?  The stock spent almost all of 2015 mired in a tight range, clinging to $550 like a baby clings to its mother.  And then this week Mom let it go and its up over $670 after the bell.  A huge earnings move.

The chart was setting up and today it broke in a big way.

Here we are one week removed from #Greebola and the Nasdaq is up at record highs.  Greece and China, according to the financial media and every bearish columnist writing on this side of the Gamma Quadrant, was supposed to send stocks lower.  Instead its done what every other sell off the last 6 years has done.. created a tremendous buy the dip opportunity.

Some of today's live audio from the chat room

Unusual Option Scans / Stock Scans

The $SPY is up to a key juncture:

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Wednesday Commentary and Recap

Good evening.  Another 2015 type trading session is in the books for Wednesday July 15th.  Stocks rallied at the start of the day, pulled back in the late afternoon, and managed to get almost back to even at the end of the trading day to close "Just "Right" .  Just like Greece and China, the story is getting old. I'm sure at some point down the road we'll be begging to have these round trip type days, where the market ends where it started and individual names moves where ever they pleased.

The -.07 close ended a four session winning streak.

No five day win streak for you!

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Monday Grecap

While the headlines of Greece and China are moving the market the last few weeks, overall its been a very healthy pull back from record highs.  Anyone following the market the last 6+ years knows that every named sell off has turned into a tremendous buying opportunity for the stock market.

#GREEBOLA 

When stock futures opened Sunday night they were deep in the red.   When investors awoke this morning a massive reversal was underway with S&P500 futures up some .8%.  Those gains were built upon as the trading session progressed.  The Greek gap down of weeks ago was filled, leaving behind last weeks strong support.

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Wild Week Ends Right Where It Started

In broken record like fashion,  and not the broken record as in new all time stock market record high record, but those old vinyl records that used to break - creating a skip that would repeat the same thing over and over and over and over again and  again,  as I have run out of ways to describe this phenomena, the market closed the week right about where it ended it last week.  Stunning?  Expected?  The new normal?  It's 2015.

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A Good Case of Greebola

"Now on to business news.  Doug how was the stock market today. "

"Well Linda  Stocks closed higher today".  

Bottom line?  Stocks were higher at the end of the day.  Period.  Dot.  End of Sentence.  Conclusion.  The End.  Nothing More, Nothing Less.  Got it?

#Greebola was in its glory today, showing just why the headlines may melt away but record high stock prices are here to stay. #Greebola  -  The last big $SPY recovery off the lows???  The Ebola crisis.

With each passing day comes the hope that the Greece Crisis, Grexit, Greferendum, Greeno, Gringo, Grimbo,

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